To address those questions and share their experiences, officials in charge of designing and implementing national housing policies in eight countries (Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Paraguay, and Peru) recently met in Washington DC, along with representatives from the World Bank, Cities Alliance, the Urban Institute, and Wharton's International Housing Finance Program.
This blog was previously published in The World Post.
Talk about ‘growth’ in Latin America has become less upbeat today than a few years ago. That’s no surprise. For over a decade, average growth meant at least double the economic activity that we are seeing today.
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Note from the editors: The following is an interview with Patricia Arriagada, former acting Comptroller General of Chile, and Patricio Barra Aeloiza, Head of Accounting Analysis Division of the Comptroller General Office, who have been instrumental in recent reforms of public financial management systems in Chile.
Starting in 2010, Chile embarked on a journey to improve public sector accounting by converging to an international standard of financial reporting by 2016. The country expects to produce its first fully compliant financial statements in 2019. One main objective of this reform is to ensure that financial information generated by the government accounting system is comprehensive, reliable, and useful for decision-making. Another is to increase the levels of fiscal and financial transparency and accountability in the public sector.
These reforms were driven by the Comptroller General office, is what is known as a “Supreme Audit Institution,” and is responsible for monitoring revenues and expenditures in all parts of the government – in particular, ensuring the quality and credibility of financial management and financial reporting.
When you ask young people from developing countries what they want for their country, they often say opportunity. The next generation wants jobs and knowledge; they want to be connected to the global economy.
Extractive industries can foster these types of opportunities through investment in skills training and transfer of technology to local workers and companies. These technical skills are demanded in the global marketplace today and empower workers to expand their horizons and lower their risk of unemployment.
We are discussing these issues today at a “Reconciling Trade and Local Content Development” conference we are co-hosting with the Mexican Ministry of Economy. This event aims to share knowledge on how investment in extractive industries can be leveraged to generate opportunities for economic diversification and employment.
The most valuable contribution to long term sustainability comes from the ability of extractive industries to generate benefits through productive linkages with other sectors. The International Finance Corporation (IFC) helped make this happen in Barmer, India, where we supported a Skill Development Center that trained 7,000 people to work in the operations of Cairn Energy. Not only did this training create direct job opportunities for the local population, but the acquired skills fostered the creation of an entire eco-system of small and medium-size enterprises that provided products and services to the oil company and related sectors.
Pritzker Prize winner Alejandro Aravena’s Elemental firm designed the “half a good house”, which includes gaps between the houses for residents to fill according to their own needs.
The problem is that most cities are not prepared to absorb these numbers. The tragic result is chaos, inequality and environmental damage. One clear manifestation of the mismatch between people’s demand for opportunities to prosper and the inability of cities to maximize the benefits of agglomeration while minimizing the costs of congestion is the omnipresence of slums throughout the world. Today, one billion people live in slums; worse still, many of those settlements are in areas highly vulnerable to natural disasters. By 2030, this figure is expected to double.
To absorb this ever-increasing demand for affordable urban housing, would require creating, in effect, a new city capable of housing 1 million people – every week during the next 15 years. Governments are already overwhelmed. The private solution of reducing the size of dwellings and relocating them to the peripheries of cities has produced economic and social segregation, which has become a ticking bomb for unrest.
During the past 12 years, the Chilean architect, Alejandro Aravena, 48, has offered solutions to the global housing crisis that are so creative, speedy, budget-conscious and scalable that he has been awarded the 2016 Pritzker Prize, considered the Nobel for architecture. His work—and the prize—challenge architects to envision innovative buildings not just for businesses and other wealthy clients but for all the people.
As countries look to domestic resources to help meet the ambitious development agenda laid out in 2015, there is value in looking at international experiences where mineral wealth has become a dedicated revenue stream for financing development efforts, particularly for investing in human capital (via public health or education).
“Ensure that all girls and boys have access to quality early childhood development, care and pre-primary education so that they are ready for primary education.” This is one of many important targets set by the United Nations General Assembly on September 27, 2015. How hard will it be to achieve this goal by 2030?
As countries prepare to meet at the G20 summit in Turkey next week, global growth and infrastructure needs will be at the top of decision makers’ concerns. And rightly so: Infrastructure – roads, bridges, ports, power plants, water supply – drive economic growth in many countries by facilitating manufacturing, services and trade. But it’s not just a matter of building more. To achieve good development on a planet stressed by climate change and diminishing natural resources, infrastructure needs to be sustainable.
Here are some facts that you might not know:
- Over the last 60 years, Guatemala has lost almost half of its forests, much of it due to illegal logging.
- Built-up area around Lake Laguna in the Philippines has more than doubled between 2003 and 2010.
- The mining sector accounts for 10-15 percent of total water use in Botswana.
The results above are among the numerous NCA findings that are being generated every year, with support from a World Bank-led global partnership called Wealth Accounting and the Valuation of Ecosystem Services (WAVES). In response to the growing appetite for information on NCA, WAVES has set up a new Knowledge Center bringing together resources on this topic.
- Knowledge Center
- Carbon Tax
- united nations
- natural capital accounting (NCA)
- Wealth Accounting and the Valuation of Ecosystem Services (WAVES)
- Sustainable Development
- Latin America & Caribbean
- United States
- Trinidad and Tobago
- South Africa
- Costa Rica
‘Oh you’re going to Lima? I’ve heard the food is supposed to be amazing’. So goes the typical comment I get from friends and family when I would mention my work related travel plans. And in this sense the city does indeed live up to what is now internationally recognized. In my short amount of time in Lima I discovered it has a gorgeous historic downtown area, a stunning coastline peppered with manicured parks in the upscale parts of town, and a largely flat topography coupled with a near complete lack of rain.