Syndicate content

Latin America & Caribbean

As Peru’s agricultural production grows, smallholders long for better markets

David Dudenhoefer's picture
Native potato varieties that were only consumed in the Andes are now served in Lima's best restaurants and exported as potato chips. Photo: CIP
Peruvian Agriculture has experienced impressive growth over the past two decades, which has contributed to the steady decline in the number of Peruvians living in poverty, yet millions of the country’s smallholders have missed out on that prosperity. A new book on Peru’s agricultural sector offers examples of more equitable approaches to agricultural development, to tap the sector’s full potential for alleviating poverty.

Behold the White Knights! New research on institutional investor participation in financing EMDE infrastructure

Abha Joshi-Ghani's picture

Photo: Grzegorz Zdanowski / Pexels Creative Commons

Some regard institutional investors—with their deep pockets—as the white knights filling the huge investment gaps in infrastructure development in emerging markets and developing economies (EMDEs). The IMF estimates that some 100 trillion dollars are held by pension funds, sovereign wealth funds, mutual funds, and other institutional investors. Unquestionably, the long-term nature of their liabilities matches the long-term financing requirements of infrastructure projects. So, it’s no surprise that institutional investors are seen as the white knights of infrastructure finance.

How many companies are run by women, and why does it matter?

Masako Hiraga's picture

Happy International Women’s Day! This is an important year to celebrate – from global politics to the Oscars last weekend, gender equality and inclusion are firmly on the agenda.

But outside movies and matters of government, we see the effects on gender equality every day, in how we live and work. One area we have data on comes from companies: what share of firms have a female CEO or top manager?

Only 1 in 5 firms worldwide have a female CEO or top manager, and it is more common among the smaller firms. While this does vary by around the world – Thailand and Cambodia are the only two countries where the data show more women running companies than men.

Better representation of women in business is important. It ensures a variety of views and ideas are represented, and when the top manager of a firm is woman, that firm is likely to have a larger share of permanent female workers.

The invisible door: Three barriers limiting women’s access to work

Namita Datta's picture
Women’s labor force participation worldwide over the last two decades has stagnated, and women generally earn less than men. (Photo: Tom Perry / World Bank)
How can we Press For Progress —the theme of International Women's Day 2018— to improve women's opportunities at work? Despite progress on women’s health and education in the past few decades, the gender gap on access to jobs has remained a stubborn challenge.

The next Costa Rica? PPPs in Nicaragua are making that possible

Bernardo Weaver's picture

Photo: Devin Poolman | Flickr Creative Commons

Nicaragua’s Public-Private Partnerships (PPP) program is taking off. In less than a year, the country has moved quickly, overcoming hurdles to produce a PPP law, supporting regulations, and a well-staffed PPP unit. Its first deals are getting closer to fruition—the World Bank Group (WBG) team working on PPPs in Central America has just received four pre-feasibility studies for its top projects. Two of these are moving fresh out of the pipeline—the Pacific coastal toll road and a cruise ship terminal and marina in San Juan del Sur.

Without empowered women, there is no future for rural areas

Francisco Obreque's picture
A beneficiary family from the commmunity of San José del Paredón (in Chuquisaca, Bolivia) celebrates the new irrigation system.
A beneficiary family from the commmunity of San José del Paredón in Bolivia celebrates the new irrigation system. Photo: Gabriela Orozco / World Bank. 

“When the company let us down, we only imposed a fine. We must be firm with companies and with vendors, otherwise they fail to fulfill their end. This is how to move the project forward”. This testimony impressed me a lot when I heard it from an indigenous woman in Bolivia, who was proud to be part of the steering committee and defend the interests of the community in the project.

Bolivia has a terrific success story to tell about encouraging rural women to take the lead in their communities and organizations and lift themselves and their families out of poverty.

Landslides, dumpsites, and waste pickers

Silpa Kaza's picture
Photo: alionabirukova / Shutterstock
Editorial credit: alionabirukova /

Last week, the world came to attention when the famous Hulene dumpsite in Maputo, Mozambique collapsed under heavy rains, killing at least 16 people.
Buried under piles of waste were homes and people from one of the most impoverished settlements in Mozambique. Many members of this community made a living collecting and selling recyclables from the dumpsite, which had served as the final disposal site for greater Maputo since the 1960s.
Sadly, this tragedy did not stand alone.
In 2017, landslides at waste dumps occurred at a shocking frequency, accounting for over 150 deaths and relocation of several hundreds in Colombo, Sri Lanka; Addis Ababa, Ethiopia; Conakry, Guinea; and Delhi, India.
Sixty million people live near the world’s 50 largest dumpsites, most in low and lower middle-income countries, though thousands of other risky sites also exist around the globe. Fifteen million people make a living scavenging waste and are of the population disproportionately affected when poorly or unplanned disposal sites fail to function in the midst of ever-growing refuse and inclement weather. Those most vulnerable to the landslides of dumps are those living on or by these waste disposal sites. They are the ones who often power their cities’ recycling system.

Women in rural roads: recommendations for a second generation of interventions

Karla Dominguez Gonzalez's picture
Photo: Guillermo Barrios del Valle/Flickr
In the Andean mountain range in the province of Arequipa, women can be found working on rural road maintenance projects.

Meanwhile, back in the capital, members of Peru’s local and national government, as well as representatives from the World Bank and the Inter-American Development Bank, gathered in Lima at the “Experiences of Women in Rural Roads” conference to discuss the role of women in the transport sector.

The event highlighted women’s participation in rural road construction and maintenance as a significant step toward gender equality: it gave participants a chance to discuss the impact of these projects, share lessons learned, and inform a Gender Action Plan for the ongoing Support to the Subnational Transport Program. Indigenous women from rural communities in in Arequipa, Junín, Huánuco, and the Amazon attended the event and emphasized the importance of these projects in the development of their communities and the role of these employment opportunities in their own lives, their self-esteem, and their aspirations for a better future.

Since 2001, the World Bank Group (WBG) and the Peruvian government have worked together to promote women’s participation in rural transport projects, expanding employment opportunities for women in rural areas. The Peru Decentralized Rural Transport Project has seen the female participation in rural road maintenance microenterprises reach almost 30%.

There are many positive effects of women’s participation in these projects.

Bank ownership: Trends and implications

Bob Cull's picture

In the wake of the Global Financial Crisis (GFC), many wondered whether the strong pre-crisis trend toward greater internationalization in banking would be reversed and, more immediately, whether local state-owned banks had to assume a larger role in restoring banking stability and ensuring the delivery of credit. We revisit those conjectures in the light of new data on bank ownership and research on the post-Crisis period (Cull, Martinez Peria, and Verrier, 2018).

How to prepare a country to respond to a disaster

Diana Rubiano's picture
Ecuador is paying more and more attention to data collection and disaster risk management across sectors​.
 Paul Salazar.
The Cruz-Castro Family searching for their belongings after the 2016 earthquake in Pedernales, Ecuador. Photo: Paul Salazar / World Bank.
Disasters occur worldwide and are part of everyone’s life. Ever since they were first recorded, floods, hurricanes and earthquakes have marked the history of humanity and its evolution. Today, our efforts focus on preparing for and responding to the impacts of these events. This way we can reduce material damages and human suffering.

Disaster risk management is a priority for many countries in the Latin America and the Caribbean region.