The largest Public-Private Partnership deal in Central America was recently highlighted at one of the world’s most prestigious universities during the Massachusetts Institute of Technology’s (MIT) 9th Annual Sustainability Summit. Under this year’s theme, Funding the Future, the event brought together more than 300 participants from students, startup CEOs, academia, think tanks and financial investors.
In an effort to address this issue, the World Bank Group and the United Nations embarked on a three-year partnership that led to the publication of a new report titled Securing Development: Public Finance and the Security Sector. It is a sourcebook providing guidance to governments and development practitioners on how to use a tool called “Public Expenditure Review (PER)” adapted to examine the financing of security and criminal justice institutions.
Globally 2.9 million people died from household air pollution in 2015, caused by cooking over foul, smoky fires from solid fuels such as wood, charcoal, coal, animal dung, and agricultural crop residues. Well over 99% of these deaths were in developing countries, making household air pollution one of their leading health risk factors.
Many women across the world spend their days and evenings cooking with these fuels. They know the fumes are sickening, which is why some cook in a separate outhouse or send the children to play while they cook. Sadly, these small actions cannot fully protect the young. As for the women themselves, they suffer incredible morbidity and mortality from household air pollution.
Just two years ago, Ghana was experiencing unstable commodity prices and a deteriorating macroeconomic situation. Yet, through a unique combination of World Bank guarantees nearly $8 billion in private investment was mobilized for the Sankofa Gas Project—the biggest foreign direct investment in Ghana’s history. The transformational project helped address serious energy shortages and put the country on a path to economic growth.
This is just one example illustrating how risk mitigation products play out in practice to encourage private sector investment and improve people’s lives.
- Public-Private Partnership in Infrastructure Resource Center
- Public Private Partnerships
- Public private partnership
- Private Sector Development
- Global Economy
- Financial Sector
- Latin America & Caribbean
- East Asia and Pacific
- Lao People's Democratic Republic
On her daily walk down the muddy road that connects her home with school, Beatriz would sing a cumbia and dream of becoming a professional dancer. However, she would soon find out that her aspirations were short lived. At the age of 14, Beatriz got pregnant and never went back to school. In the six years following her pregnancy, she struggled with an unstable and low-paid job, cleaning rich houses in Guatemala City. By the age of 20, without minimum skills and a secure job, Beatriz had little control over her life and a murky picture of her future loomed.
- crime and violence
- Urban Development
- Latin America & Caribbean
- Venezuela, Republica Bolivariana de
- Trinidad and Tobago
- St. Vincent and the Grenadines
- St. Lucia
- St. Kitts and Nevis
- El Salvador
- Dominican Republic
- Costa Rica
- Bahamas, The
- Sustainable Communities
Rural areas are changing rapidly, but the shift does not affect women and men in the same way.
In the process of rural development and transformation, as employment for both women and men expands in other sectors, employment in the agricultural sector is expected to shrink. Yet delving through available data and the literature, we find that the reality isn’t quite that simple. In a great number of developing countries, as men move out of family farming, women tend to stay--or move out of the sector a lot more slowly. Many women even take on new jobs and responsibilities in agriculture. We call this phenomenon the ‘feminization’ of agriculture.
- I can always manage to solve difficult problems if I try hard enough.
- I am confident that I can deal efficiently with unexpected events.
- I can solve most problems if I invest the necessary effort.
- I can usually handle whatever comes my way.
If, after reading the statements above, you were a little confused and found your eyes going back and forth between them, trying to figure out how they are different, you are not alone. When we tested these and similar survey questions on women in rural Guatemala, we found that they not only confused our respondents but also perhaps deflated them.
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A young friend of mine grew up in Honduras. As he grew from boy to teenager, he inevitably drew the attention of the local street gangs. He managed to avoid getting caught up with them by coming directly home from school every day, and staying inside with his grandmother until school started again the next morning.
From the US, his mother, who had left Honduras to find work as a nanny when he was only three years old, Skyped with him daily. She debated about whether to send for him. Many of her friends had done this, only to lose their children to the same gangs that were trying to recruit them in Honduras, or to jail.
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.