In January, World Bank Group President Jim Yong Kim urged the audience at the World Economic Forum in Davos to look closely at a young, promising form of finance for climate-smart development: green bonds. The green bond market had surpassed US$10 billion in new bonds during 2013. President Kim called for doubling that number by the UN Secretary-General's Climate Summit in September.
Just a few days ago—well ahead of the September summit—the market blew past the US$20 billion mark when the German development bank KfW issued a 1.5 billion Euro green bond to support its renewable energy program.
Livestock production provides valuable income and savings for farmers in Bangladesh – many of whom are small scale dairy farmers in rural areas. Foot and Mouth disease (FMD) is one of the most threatening diseases to animal health. Unfortunately, South Asia is known as a FMD endemic area, and FMD outbreaks have been recurrent. The disease is extremely infectious and significantly reduces the production of milk and meat as well as the value of cattle – very important assets that protect families from economic shocks. According to the Department of Livestock, Bangladesh loses as much as US$125 million annually due to FMD.
Vaccination is one of the effective strategies to prevent FMD infection. Due to a high rate of mutation in FMD virus, there is an urgent need for the development of safe and effective vaccines for FMD.
“Bangladesh spends a lot of money to import FMD vaccines – but these are produced for foreign strains of FMD viruses, and they are ineffective against the virus strains circulating in Bangladesh. We need to have vaccine development capacity of our own,” says Prof. Anwar Hossain, Department of Microbiology of University of Dhaka and Manager of the sub-project titled, Foot and Mouth Disease in Bangladesh: Genome Analysis and Vaccine Development Project.
Prof. Anwar’s sub-project was awarded a competitive research grant of BDT 23.7 million (about US 304,000) from the Higher Education Quality Enhancement Project (HEQEP). His project is conducting studies to determine variation in FMD virus of Bangladesh origin and developing appropriate methods of prevention against FMD viruses. Using the fund, Prof. Anwar and his team upgraded their laboratory with essential modern scientific equipment such as real-time Polymerase Chain Reaction (PCR) machine to read DNA sequences and bio-safety cabinet together with a lot of indispensable laboratory consumables.
Since its inception in 2011, the sub-project has made significant achievements on their research work. These include completion of epidemiological study of serotype and lineage of FMD viruses, isolation and genome-wide analysis of FMD virus in Bangladesh, and publishing papers in international academic journals.
European stocks rose on Tuesday, rebounding from three consecutive days of losses, amid a global rebound in risk appetite, helped by signs of reduced tensions over the downed Malaysian Airlines plane. The Stoxx Europe 600 Index rose 1.3% in mid-afternoon trading in London after falling 1.5% in the past three days amid tensions over the Ukraine crisis and as intense fighting in Gaza unsettled investors.
Tunisia finalizes voter registration ahead of this year’s elections
The birthplace of the Arab Spring is sometimes described as the only democratic nation in the region of the Middle East and North Africa. In order to retain this distinction and uphold its new constitution, however, a legitimate voting process needs to be held this year.
A couple months ago while stationed in Ghana, I was approached by colleagues and friends with questions on how to prevent contagion from the deadly Ebola virus. Their concern was stoked by reports in media outlets about the rising number of confirmed cases and deaths in neighboring countries.
Jason Furman, appointed by President Barack Obama as the Chairman of the Council of Economic Affairs, spoke yesterday at the World Bank about inclusive growth in the US. Furman said that average income for the bottom 90% grew strongly across all OECD countries starting in the 1950s, but has flattened in the US since the ‘70s. Furthermore, Furman added that capital income contributes more to overall inequality towards the upper end of the American income distribution.
Furman also pointed out that starting in 2000, labor share in US income started falling, largely because of globalization.
Three quarters of a century since the opening of the first McDonald’s, the fast food chain operates around 34,000 outfits in around 120 countries and territories across all continents. In Sub-Saharan Africa (SSA), however, – a region of 48 countries and almost a billion people - only South Africa and Mauritius have been able to attract this global food chain.
This peculiarity cannot be explained only by the fact that the region is poor. The company has found a market in about 30 countries with GDP per capita of less than US$ 3,000 (in constant 2005 US$) at the time of their first McDonald’s opening. Hamburgers, Cheeseburgers, and Big Macs are also on offer in a dozen of low-income countries as well. When the first McDonald’s opened in Shenzhen in 1990, China’s GDP per capita was less than US$ 500 per person. Of course, Shenzhen’s per capita income was several times higher, but the company has also found a market in Moldova since 1998 when the GDP per capita of the 3 million person country was less than US$ 600 per capita. There are many cities in SSA today that have higher income, population concentration, and tourists than what Chisinau had in 1998; yet they do not have a McDonald’s. As a matter of fact, 22 SSA countries today have higher income per capita than what Moldova or Pakistan had when the first McDonald’s opened there, and 15 of them have higher income per capita even than what Indonesia or Egypt had at their McDonald’s openings (see chart).
Salauddin, a farmer, migrated to Dhaka (the capital) from a rural area of Bangladesh because of severe drought. He is now one of half million rickshaw-pullers. He spends only tk 100 a day and saves the rest; when having saved tk3000 (usually in a three-week time), he goes home to see his wife and children. His wife says, “thanks to this money, I can now cook this meal.”
The World Bank’s KNOMAD (Global Knowledge Partnership on Migration and Development) held a conference on internal migration and urbanization in Dhaka on April 30 – May 1, 2014, in collaboration with the Refugee and Migratory Movements Research Unit, University of Dhaka. The conference aimed to better understand the multifaceted aspects of internal migration and found the following.
Two weeks ago, I attended a public dialogue at the International Monetary Fund between Managing Director Christine Lagarde and President Michelle Bachelet of Chile. I did not know much about Bachelet, except that she is the first female president of her country. While waiting, I was picturing her as a forceful, powerful iron lady. Instead, she appeared on stage as more of a mother-like figure, smiling and waving at the audience.
During her talk, Bachelet was soft-spoken and humorous. Once in a while, she would ask the audience members for help translating Spanish words into English. She kept us engaged and made us laugh. At one point, I could not help uttering, “I like her.” My neighbors nodded in agreement.
I wonder, what makes Bachelet so likeable? Her status? Her power? Neither. Instead of holding tight to her status, she was, in fact, letting go of her power by seeking help from the audience, and this is exactly why she was so warmly welcomed with such applause.
This might sound counterintuitive. Aren’t presence and charisma conveyed through strong, assertive, and dominant mannerisms and words? Often yes, but not always.
One persistent challenge for educational policymakers and planners related to the potential use of informational and communication technologies (ICTs) in remote, low income communities around the world is that most products, services, usage models, expertise, and research related to ICT use in education come from high-income contexts and environments.
One consequence is that technology-enabled 'solutions' are imported and 'made to fit' into what are often much more challenging environments. When they don't work, or where they are too expensive to be replicated at any scale, this is taken as 'evidence' that ICT use in education in such places is irrelevant -- and possibly irresponsible.
That said, lessons are being learned as a result of emerging practices, both good and bad, in the use of ICTs in education in low resource, poor, rural and isolated communities in Africa, Asia, Latin America and the Pacific that may be useful to help guide the planning and implementation of educational technology initiatives in such environments. (It may even turn out that the technological innovations that emerge from such places many have a wider relevance …. but that is a topic for another discussion.)
Products like the BRCK (a connectivity device designed and prototyped in Nairobi, Kenya by many of the people behind Ushahidi to better address user needs in places where electricity and internet connections are, for lack of a better word, ‘problematic’) and MobiStation (a solar-powered 'classroom in a suitcase' which features a projector and lots of off-line educational content developed by UNICEF Uganda) remain notable exceptions to the lamentable reality that, for the most part, ‘solutions’ touted for use in schools in e.g. rural Africa, or in isolated communities in the Andes, are designed elsewhere, with little understanding of the practical day-to-day realities and contexts in which such technologies are to be used. Many people who have lived and worked in such environments are quite familiar with well-meaning but comparatively high cost efforts often informed more by the marketing imperatives embedded in many corporate social responsibility efforts than by notions of cost-effectiveness and sustainability over time or the results of user-centered design exercises.