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September 2013

Resource-Backed Investment Finance in Least Developed Countries

Otaviano Canuto's picture
In recent decades, Least Developed Countries (LDCs) have been using their natural-resources as collateral to access sources of finance for investment, countervailing the barriers they face when accessing conventional bank lending and capital markets.  Depending on whom you ask, such financing models have been alternately vilified and sanctified in the global development debate.

Prospects Daily: Developing-country stocks gain, Eurozone business sentiment rises for consecutive sixth month, China’s manufacturing growth on track to strengthen

Global Macroeconomics Team's picture
Financial Markets…Irish government securities advanced, with the benchmark 10-year bond yield sliding to as low as 3.84%, after Moody’s Investors Service raised its credit outlook on the country’s debt. Additionally, risk premium that investors demand for buying Irish 10-year bonds instead of similar-maturity German bunds fell to 187 bps, the lowest since May 2010.

Acting Now to Achieve Accessible Transportation and Universal Mobility

Julie Babinard's picture
There is great diversity of needs among people with disabilities. Specific impairment may be linked to a physical, hearing, speech, visual or cognitive condition. And the reality is that almost everyone will face temporary or permanent disability at some point in life. This can be caused by a number of factors, ranging from disease, old age to accidents.

Why Didn’t the World Bank Make Reducing Inequality One of Its Goals?

Jaime Saavedra's picture

The World Bank Group (WBG) has established that its mission, endorsed by the governors of its client countries, is centered around the goals of sustainably ending extreme poverty and promoting shared prosperity.  Extreme poverty is monitored by the percent of people living below the $1.25-a-day threshold.  The Bank’s mission thus gives a clear message:  Extreme poverty, hunger, destitution must come to an end.

To monitor progress in shared prosperity, the WBG will track the income growth of the bottom 40 percent of the population in each country.  The clear signal the WBG wants to give is that the institutional mission is about reducing poverty, fostering growth and increasing equity, so we need to monitor what happens to welfare of the less well off in every country.  Improving averages is not enough; a laser focus on those who are at the bottom of the distribution at all times, everywhere, is needed.

Quote of the Week: Jenna Wortham

Sina Odugbemi's picture

"But the iPhone 5C, which is only marginally better than its predecessors, is designed to make people feel good about buying what is essentially an old phone, repackaged in colorful plastic. The psychology of the new, in other words. Because for better or worse, Apple isn’t just about ownership — it’s about shownership, and inspiring desire and jealousy in those around you that you’ve got the latest device."

- Jenna Wortham , Technology Reporter for The New York Times

Questioning the External Validity of Regression Estimates: Why they can be less representative than you think.

David McKenzie's picture
A common critique of many impact evaluations, including those using both experimental and quasi-experimental methods, is that of external validity – how well do findings from one setting export to another? This is especially the case for studies done on relatively small samples, although as I have ranted before, there appears to be a double standard in this critique when compared to both other disciplines in economics and to other development literature.

Women at the Forefront of Climate Action

Rachel Kyte's picture
 
Mussarat Farida Begum Mussarat Farida Begum runs a small teahouse in Garjon Bunia Bazaar, a rural community in Bangladesh. As part of a program which has helped Bangladesh reach more than 2 million low-income rural households and shops with electricity, she bought a solar home system for $457, initially paying $57, and borrowing the rest. She repays the loan in weekly installments with money she earns by keeping her now-lighted chai shop open after dark. Her business is booming and her family lives much more comfortably with their increased income. They now have electricity at home and their children can study at night.

Women like Mussarat are at the forefront of our efforts to secure development by tackling climate change. On the one hand, they are disproportionately vulnerable to the impacts of extreme events. But it is also women who can make a difference to change entrenched behaviors. It is their decisions as entrepreneurs, investors, consumers, farmers, and heads of households that can put our planet on a greener, more inclusive development trajectory.

Getting Around in Moroccan Cities: Are you ready for the Challenge?

Ibtissam Alaoui's picture

This blog has been co-authored by Ibtissam Alaoui and Carolyn Winter Getting Around in Moroccan Cities: Are you ready for the Challenge?

If you are up for a challenge, hop on a bus or flag a taxi in one of Morocco’s   larger cities. If one thing is certain, relying on urban public transport in Morocco is a frustrating, time-consuming and sometimes risky experience.  These were the conclusions drawn by civil society organizations in a recent World Bank-sponsored consultation held in the capital, Rabat.

Maternal and Child Health in Nepal

Albertus Voetberg's picture
Nepal: Staying the Course on Maternal and Child Health

The story of mother-to-be Lalita, who we see receiving quality prenatal care in the video above, is an increasingly common one in Nepal. Because the country has significantly improved access to maternal, newborn and child health services, young women like Lalita no longer have to worry about unsafe deliveries as their mothers did. That’s something Nepalis are proud of.


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