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Tomorrow, a Learning for All Ministerial Meeting will bring together development partners and ministers of finance and education from Bangladesh, the DRC, Ethiopia, Haiti, India, Nigeria, Yemen, and South Sudan – home to nearly half of the world’s out-of-school-children – to address challenges and steps to ensure that all children go to school and learn.
International aviation and maritime transport account for about 5% of global carbon emissions. It may increase to more than 10% by 2030. Even so, these sectors were excluded from the Kyoto protocol. Aviation and shipping enjoy substantial tax privileges, by paying no excise taxes, turnover taxes, nor VAT. Shipping also enjoys extremely low corporate tax rates. This has lead to growing emissions and low tax revenue generation from the sectors, while the sectors enjoy more advantages than other comparable economic activity. This situation stems in large measure from these sectors’ international status: they do not naturally belong to any one particular country. Nor are they part of any; international agreements that limit taxation in aviation or extreme tax competition in shipping.
Co-authored with Luc Christiaensen and Aly Sanoh
For a decade and a half now, Africa has been growing robustly, and the region’s economic prospects remain good. In per capita terms, GDP has expanded at 2.4 percent per year, good for an average increase in GDP per capita of 50 percent since 1996.
But the averages also hide a substantial degree of variation. For example, GDP per capita in resource-rich countries grew 2.2 times faster during 1996-2011 than in resource-poor countries (Figure 1). Though not the only factor explaining improved performance—fast growth has also been recorded in a number of resource-poor countries such as Rwanda, Ethiopia and Mozambique (before its resource discoveries)—buoyant commodity prices and the expansion of mineral resource exploitation have undoubtedly played an important role in spurring growth in several of Africa’s countries. Even more, with only an expected 4 or 5 countries on the African continent without mineral exploitation by 2020, they will continue to do so in the future. Yet, despite the better growth performance, poverty declined substantially less in resource-rich countries.
Can the internet help make elections fair and efficient in developing countries?
A presentation “eParticipation: Citizen Consultation ePlatform –Mexico City Case Study” was given by Edgardo Torres-Caballero, the General Manager for Latin America for Scytl who talked about how ePlatform developed by the company helped Mexico City successfully conduct an electronic consultation through which the city residents cast their votes on-line to select public projects.
(image: Wikipedia Commons)
Here we go again! In the last couple of weeks there has been a lot of media buzz about the outbreak of H7N9, a new deadly bird flu virus in China, centered in Shanghai and surrounding provinces and now reported in Beijing. This outbreak follows the global panic and economic and travel disruptions caused by the severe acute respiratory syndrome, or SARS, in 2003 and the H5N1 avian influenza outbreak in 2006.
Islamic finance is growing in countries like Malaysia (Credit: Asian Development Bank, Flickr Creative Commons)
Over the last three decades, the concepts of Islamic finance have captured the attention of researchers. One of the core principles of Islamic finance is the prohibition of interest and debt-based financing. Instead, economic agents are encouraged to engage in financial instruments of risk-sharing rather than risk transfer. Although the principles of Islamic finance go back several centuries, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. The growth of this market has been driven by the high demand for Islamic financial products, as well as the increasing liquidity in Gulf region due to high oil revenues. Table 1 shows the growth trend in Islamic finance for the banking sectors by different regions, with estimates of total Islamic banking assets reaching $1.8 trillion by the end of 2013. Figure 1 shows how the growth of the Islamic financial sector in 2006–10 period surpassed the growth of conventional financial sector in all segments of the market, ranging from commercial banking, investment banking, and fund management to insurance in several Muslim-majority countries.
In a previous post I talked about some issues with collecting gender disaggregating data in practice. Susan Watkins helpfully pointed me to a number of papers which provide more systematic and thoughtful evidence on data collection issues that a lot of us face and I thought it would be useful to summarize some of them here.
With an estimated 1.2 billion young people between the ages of 15 and 24, the vast majority of them living in developing countries, youth are both a policy and political priority for many countries around the world.
An increasing number of governments are turning to youth financial services. Access to financial services—savings, payments, credit and insurance—can help young people to build assets, protect themselves against risk, and it can unlock economic potential. Yet, the World Bank’s Global Financial Inclusion Database (Findex shows that youth are 33 percent less likely to own a bank account than an adult.
Last week we asked you for questions to put to policy makers gathered at a CGAP event in Paris to discuss what can be done to improve opportunities for youth through financial services. This video shows policy makers’ responding to the question: “Why youth financial services?”
New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have very little resemblance to yesterday's.