Syndicate content

data

Real-time data as an early warning signal

Fida Rana's picture

The risks inherent in public-private partnerships (PPPs) are real. These long-term projects require substantial investment: typically, PPP project funding structures constitute 70 to 80 percent debt, with the remaining coming from equity sources. Because of the nature of these projects, their loan repayment profile demands a longer tenor. In a practical sense, once lenders start disbursing funds to a PPP, the loans could remain on their balance sheet for around 20 years. This is a typical scenario.

For such prolonged engagement in PPP projects, lenders’ ability to monitor the project during the construction and operation phase becomes critical. The approach to monitoring we’ve been offered so far serves its purpose up to a point, but promising developments in real-time data monitoring have the potential to serve as effective early warning signals—assuring the success of a PPP in ways that could revolutionize certain sectors.

ThinkHazard! – A new, simple platform for understanding and acting on disaster risk

Alanna Simpson's picture
ThinkHazard! platform


Too many times after a natural hazard strikes, public outcries follow once the level of devastation becomes clear. People wonder – and often rightly so – if the disaster could have been prevented.  After the 2015 Nepal earthquake for example, years of investment in school buildings was wiped away in seconds because schools were not built to withstand earthquakes – often because people were not aware of the earthquake risk. Fortunately, it was a Saturday so the schools that collapsed did not also result in unimaginable human tragedy.  

Ending poverty means closing the gaps between women and men

Sri Mulyani Indrawati's picture

A woman in a Niger village cooks for her family. Photo © Stephan Gladieu/World Bank

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, creating jobs, and, finally, preventing and adapting to climate change.

The world is a better place for women and girls in 2016 than even a decade ago. But not for everyone, and definitely not everywhere: This is especially true in the world’s poorest, most fragile countries.
 
It’s also particularly true regarding women’s economic opportunities. Gender gaps in employment, business, and access to finance hold back not just individuals but whole economies—at a time when we sorely need to boost growth and create new jobs globally.

The way out of poverty and corruption is paved with good governance

Sri Mulyani Indrawati's picture

Woman speaks to World Bank MD and COO Sri Mulyani Indrawati in the Nyabithu District of Rwanda. © Simone D. McCourtie/World Bank

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, creating jobs, and, finally, preventing and adapting to climate change.


Twenty years ago, the World Bank took up the fight against corruption as an integral part of reducing poverty, hunger, and disease. The decision was groundbreaking then and remains valid today. Corruption diverts resources from the poor to the rich, leads to a culture of bribes, and distorts public expenditures, deterring foreign investors and hampering economic growth.

Weekly wire: The global forum

Roxanne Bauer's picture
World of NewsThese are some of the views and reports relevant to our readers that caught our attention this week.
 

The World Press Freedom Index
Reporters Without Borders
Published every year since 2002 by Reporters Without Borders (RSF), the World Press Freedom Index is an important advocacy tool based on the principle of emulation between states. Because it is well known, its influence over governments is growing. Many heads of state and government fear its annual publication. The Index is a point of reference that is quoted by media throughout the world and is used by diplomats and international entities such as the United Nations and the World Bank. The Index ranks 180 countries according to the level of freedom available to journalists. It is a snapshot of the media freedom situation based on an evaluation of pluralism, independence of the media, quality of legislative framework and safety of journalists in each country. It does not rank public policies even if governments obviously have a major impact on their country’s ranking. Nor is it an indicator of the quality of journalism in each country.

Non-Western Ideas for Democratic Renewal
Carnegie’s Rising Democracies Network
It is commonly asserted that Western liberal democracy is losing credibility and that the international community must be more open to tolerating, and even encouraging, non-Western political models in developing and rising powers. Calls for non-Western forms of democracy have been around for many years but are now becoming louder and more ubiquitous. This trend can be expected to deepen as an integral element of the emerging post-Western world order.  The desire of people outside the West to contribute new ideas to democratic regeneration and to feel stronger local ownership over democracy is healthy. More needs to be done to nurture a wider variation of democratic processes and practices. 

Knowledge production: An essential tool for public policy in Africa

Françoise Rivière's picture



Over the past five years, the Agence Française de Développement (AFD) and the World Bank Group have coproduced 20 volumes on various dimensions of development in Africa. The Africa Development Forum (ADF) book series has addressed subjects including the agricultural, demographic, climatic, and environmental challenges facing African countries, as well as the various methods of financing infrastructure, cities, and social safety nets. In-depth research brings to light specific and diverse situations encountered around the continent. Moving beyond the results of such endeavors, the question remains of how to conduct research that can make a pertinent and meaningful contribution to public policy. Two fundamental tools are required: robust, and often times original, data and cutting-edge research. This research must not only be connected to international realities; it must be firmly anchored in African realities and geared toward public policy making.

Weekly wire: The global forum

Roxanne Bauer's picture
World of NewsThese are some of the views and reports relevant to our readers that caught our attention this week.


So Software Has Eaten the World: What Does It Mean for Human Rights, Security & Governance?
Human Rights Watch
In 2011, Silicon Valley entrepreneur and investor Marc Andreessen famously wrote the startling essay, Why Software is Eating the World, in which he described how emerging companies built on software were swallowing up whole industries and disrupting previously dominant brand name corporations. Andreessen was prescient and almost giddy, in anticipating the dramatic, technological and economic shift through which software companies would take over large swaths of the global economy. What he did not anticipate was the extent to which software would also eat up the realms of governance, security and human rights. Digital technology has disrupted multiple dimensions of governance related to national security, including protection of human rights.

Digital Globalization and the Developing World
Project Syndicate
Globalization is entering a new era, defined not only by cross-border flows of goods and capital, but also, and increasingly, by flows of data and information. This shift would seem to favor the advanced economies, whose industries are at the frontier in employing digital technologies in their products and operations. Will developing countries be left behind? For decades, vying for the world’s low-cost manufacturing business seemed to be the most promising way for low-income countries to climb the development ladder. Global trade in goods rose from 13.8% of world GDP in 1985 ($2 trillion) to 26.6% of GDP ($16 trillion) in 2007. Propelled by demand and outsourcing from advanced economies, emerging markets won a growing share of the soaring trade in goods; by 2014, they accounted for more than half of global trade flows. Since the Great Recession, however, growth in global merchandise trade has stalled, mainly owing to anemic demand in the world’s major economies and plummeting commodity prices. But deeper structural changes are also playing a role.

Does “Rational Ignorance” make working on transparency and accountability a waste of time?

Duncan Green's picture

Guest post from Paul O’Brien, Vice President for Policy and Campaigns, Oxfam America (gosh, they do have august sounding job titles, don’t they?)

As the poorest half of the planet sees that just 62 people have more wealth than all of them, collective frustration at extreme inequality is increasing.  To rebalance power and wealth, many in our community are turning to transparency, accountability, participation and inclusion.  Interrogate that “development consensus,” however, and opinions are fractured over the benefits and costs of transferring power from the haves to the have-nots.

Social Media Information OverloadIn truth, our theories of change often diverge.  Most development organizations may agree on the need to advocate for more Investment, Innovation, Information, strong Institutions and Incentives, but some organizations are genuinely committed to only one of those “I’s”, and that can be problematic:  Oxfam often finds itself choosing and moving between the relentless positivity of politically benign theories of change (e.g. we just need more “investment” or “innovation”), the moderation of those who focus exclusively on transparent “information” with no clear pathway to ensure its political relevance, and the relentless negativity of activists that think the only way to transform “institutions” or realign the “incentives” of elites is to beat them up in public.

Oxfam’s challenge is to be both explicit in our theory of change and show sophistication and dexterity in working across that spectrum.  If Oxfam’s theory of change is based on a citizen-centered approach to tackling global systemic challenges like extreme inequality, then our opportunity may be engaging the “rational ignorance” of citizens and consumers.
 

New data on Climate Investment Funds and their results

Martin Craig Hall's picture
Readers of this blog site will know that open data is data that can be freely used, re-used and redistributed – it’s legally open and technically open.  Readers of this blog may not know that the $8.3 billion Climate Investment Funds (CIF), are providing scaled-up financing through the Multilateral Development Banks (MDBs) to initiate transformational change toward climate-resilient, low-carbon development in 72 countries worldwide.  And this month, for the first time, the CIF is publishing open data on the results of our Clean Technology Fund (CTF) and our Scaling up Renewable Energy Program (SREP).
 

Pages