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Solomon Islands

Guess how many private infrastructure projects reached closure in 2015 in the poorest countries?

Laurence Carter's picture
 

Just sixteen projects in energy, transport and water/sanitation.  In only nine countries.  Totalling $4.6 billion.
 
There are 66 IDA countries (excluding a few rich enough to count as “IDA blend”), defined as having per capita income under $1,215.  This $4.6 billion in IDA countries compares to total private infrastructure investment commitments of $111.6 billion in all emerging markets in 2015 per the recently released Private Participation in Infrastructure database.
 
In recent years, the number of projects and investment amounts of private infrastructure in IDA countries hasn’t increased.  If people living in the poorest countries are to get better access to energy, transport and water services, and if we believe that the innovation, management capacity and financing of the private sector working together with governments is essential to help make that happen … well, then we need a step change.
 
We know to make a difference requires dedication and a long term vision.  One part of that ambitious change is the Global Infrastructure Facility (GIF).  The GIF is a global open platform to help partners prepare and structure complex infrastructure public-private partnerships (PPPs) in emerging markets, and to bring in private sector and institutional investor capital.  The GIF platform integrates the efforts of multilateral development banks (who as Technical Partners choose which projects to submit for GIF funding), private sector investors and financiers, and governments to bring infrastructure projects and programs to market.  No single institution can achieve these goals alone.  The GIF’s Advisory Partners, which include insurers, fund managers, and commercial lenders, and which together have $13 trillion in assets under management, provide feedback to governments on the bankability of projects.

Public-private investment to close the infrastructure gap

Joaquim Levy's picture

TransMilenio buses near the Simon Bolivar station in Bogotá, Colombia. © Dominic Chavez/World Bank

In a world of slow growth and very low interest rates in most major economies, there is increasing interest in infrastructure development. Building quality infrastructure helps spur economic activity and jobs in the short term and expand countries’ capacity and potential growth in the medium term. It also contributes to higher confidence levels — a key ingredient to macroeconomic stability.

Today, the private sector still provides only a small share of the total investment in infrastructure for emerging markets, despite the importance of private operators in many countries, especially where there are strong fiscal constraints to financing public investment.

Ending a 20-year water crisis in a remote village in Solomon Islands

Evan Wasuka's picture
Surrounded by water, Nanngu’s taps have been without drinking water for the past 20 years.

With the throttle at full tilt, the boat cut through the surf, spraying salt water into the air. 
Around me, the unfolding scenery is breathtaking. White sandy beaches, turquoise blue seas, swaying coconut palms – the textbook image of paradise in the South Pacific.
 
What more could one ask for in paradise?  

Water, is what they will tell you. “They” are the people of Nanngu Village on the island of Santa Cruz in the far east of Solomon Islands. 
 
Out here, water to drink, cook food with, wash and keep clean is hard to come by.
 
The last time they had proper running water was 20 years ago. That came to an end at the hands of a Category Three cyclone, Nina, which hit the islands in 1993.
 
As I write this, we’re on our way to Nanngu to see a new World Bank-supported project bringing water to the village.

On International Women’s Day, 5 facts about gender and the law in the Pacific Islands

Katrin Schulz.'s picture




There is a lot that development practitioners don’t know about the Pacific Islands. When it comes to the laws of these small island nations scattered throughout the ocean separating Asia and the Americas, most people outside the region know even less. Add the dimension of gender to the mix and you might be met with blank stares.

Solomon Islanders rising up Jacob’s Ladder of opportunity

Evan Wasuka's picture



Geographically, the capital of Solomon Islands, Honiara, is a hilly city, a maze of ridges and valleys.

In front of me, concrete steps descend 30 meters down the face of a ridge, winding their way down in a gravity-defying manner; nothing else stands on the slope, it’s simply too steep.

The steps are part of a system of footpaths that link communities of thousands of people below to the main public road above.

Over the past 60 years as Honiara has developed, so too have informal settlements. These are often located at the bottom of steep valleys without basic services such as roads, water and electricity.

We must prepare now for another major El Niño

Axel van Trotsenburg's picture
El Niño is back and may be stronger than ever.
 
A wooden boat is seen stranded on the dry cracked riverbed of the Dawuhan Dam during drought season in Madiun, Indonesia's East Java province.  October 28, 2015 © ANTARA FOTO/Reuters/Corbis



The latest cyclical warming of Pacific Ocean waters, first observed centuries ago and formally tracked since 1950, began earlier this year and already has been felt across Asia, Africa and Latin America.

Weather experts predict this El Niño will continue into the spring of 2016 and could wreak havoc, because climate change is likely to exacerbate the intensity of storms and flooding in some places and of severe drought and water shortages in others.

El Niño’s impacts are global, with heavy rain and severe flooding expected in South America and scorching weather and drought conditions likely in the Horn of Africa region.

Part of the #Youthbiz movement? Share your story!

Valerie Lorena's picture

Also available in: Français | العربية
 



A boat trip from Port Elizabeth to Kingstown, in the Caribbean country of Saint Vincent and the Grenadines, is a one-hour trip that locals take several times a day. It was during one of these journeys that the boat of Kamara Jerome, a young Vincentian fisherman, ran out of gas six miles from Bequia City in what is termed locally as the "Bequia Channel." While waiting for help with strong wind gusts and the sun on his head, the idea of developing a boat that would run with wind and solar energy was born. Soon after, the idea became a prototype; a boat using green technology was on the water making 20-year-old Jerome a winner of international innovation competitions and a role model to other Caribbean youth. 
 
In Mexico, young engineer Daniel Gomez runs a multimillion bio-diesel company originally conceived as a research project for his high school chemistry class. Gomez and his partners - Guillermo Colunga, Antonio Lopez, and Mauricio Pareja - founded SOLBEN (Solutions in bio-energy in Spanish) in their early twenties. 
 
Although Daniel and Kamara have different educational backgrounds, they do share one important skill, the ability to identify a problem, develop an innovative solution, and take it to the market. In other words, being an entrepreneur, an alternative to be economically active, that seems to work and not only for a few.

Now is the time to strengthen disaster risk reduction in East Asia and the Pacific

Axel van Trotsenburg's picture
In PDF: Korean | Khmer

Every time I learn of another natural disaster – the people killed and injured, homes destroyed, livelihoods lost – I know we must act to reduce the tragic impact instead of waiting for the next disaster strikes.

We have that chance with this year’s World Conference on Disaster Risk Reduction in Sendai, which seeks to finalize the successor to the Hyogo Framework for Action (HFA2) that guides policymakers and international stakeholders in managing disaster risk. The conference is an opportunity to set new milestones in disaster risk reduction and fighting poverty.

The cost of natural disasters already is high – 2.5 million people and $4 trillion lost over the past 30 years with a corresponding blow to development efforts.

In Asia, rapid urbanization combined with poor planning dramatically increases the exposure of cities, particularly those along densely populated coasts and river basins. Typhoon Haiyan, which killed more than 7,350 people in the Philippines in 2013, directly contributed to a 1.2 percent rise in poverty.
 

Pacific connected: A regional approach to development challenges facing island nations

Axel van Trotsenburg's picture



Dots on the world map – they are coral atolls and volcanic islands spread across a vast swath of the Pacific Ocean with names as exotic as their turquoise water, white sand and tropical foliage.
Twelve Pacific Island countries are members of the World Bank. Between them they are home to about 11 million people, much less than one percent of the global population.

One of them, Kiribati, consists of 33 atolls and coral islets, spread across an area larger than India, but with a land mass smaller than New Delhi. With less than 10,000 inhabitants, Tuvalu is the World Bank’s smallest member country.
Despite such remote and tiny landscapes, the Pacific Island countries – including Fiji, Palau, Samoa, Tonga, Vanuatu, Solomon Islands, Marshall Islands, Papua New Guinea, the Federated States of Micronesia and Timor-Leste – represent far more than meets the eye.


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