For many years I had this dream that I would be working to retain traditional craftsmanship among poor artisans in Egypt. I decided to make a leap and see if I as one individual could make a difference in the country where I was born, Egypt. I created a nonprofit, Ayadi (which means many hands in Arabic) and am now in Cairo trying to retain traditional craftsmanship in Cairo.
G24 Discusses Financial Crisis
The Ministers of the Intergovernmental Group of Twenty-Four (G24) met in Washington yesterday to discuss the global financial crisis and its widespread impact.
Following the meeting, they released a communique that highlighted, among other issues, the fact that the current crisis was having a "disproportionate effect on developing countries through various channels, including falling prices of primary commodities, sharply contracting exports, declining remittances, negative net private capital flows, and credit crunch affecting many countries"
G7 Addresses Recession and Downturn
The G7 Finance Ministers and Central Bank Governors met in Washington DC yesterday, amidst what they claim is "the the deepest and most widespread economic downturn and financial stress witnessed in decades."
I have received many encouraging responses to my first blog. Thank you. This time, let's look at Indonesia's budget. Last year, Indonesia's budget reached the magical threshold of US$100 billion.
Jobs aren't easy to come by these days, no matter where you live. The ongoing global downturn is making finding employment even more of a challenge, and in the middle of a job hunt, any advice is usually welcome. Which makes this recent post by political science professor Chris Blattman timely. He highlights development blogger Alanna Shaikh's five tips for finding an international development job – and adds a few of his own (see the tips after the jump).
The Bank released today the latest edition of the World Development Indicators, an annual Bank flagship. The WDI provides a comprehensive overview of development drawing on data from the World Bank and more than 30 partners.
"The WDI is the statistical benchmark that will help measure both the impact of the crisis and, eventually, of global recovery," says Shaida Badiee, director of the Bank's Development Data Group.
Some of this year's highlight focus on the economy, spread of new technology, migration, energy and climate change.
For example, did you know that India leads all countries in exports of information communication technology (ICT) services? ICT sector exports account for about 42% of total service exports. Ok, so that was an easy one.
But did you know that energy use has doubled since 1971? The United States, Japan, Germany, Russia, China and India consume most energy, and are the largest emmiters of carbon dioxide?
I was never too great with numbers or math. I guess you could call me a visual learner. Which is why I was intrigued after exploring Gapminder.org. The non-profit organization behind the website says it's dedicated to "unveiling the beauty of statistics." They attempt to do this with impressively interactive and animated graphs.
Afghanistan needs more well-trained Afghan soldiers and better Afghan police, but the question is who will pay for them? The country cannot afford to pay the additional costs out of its own limited budget resources—any further money coming from this source will be at the expense of much less funding for urgent development priorities like educating children, improving basic health, building public infrastructure, etc. Will the international community commit to provide predictable funding for a number of years for Afghanistan’s security sector? This is a critical backbone of the state, whose development is essential to over time progressively replace international military forces which are far more costly. Creating security forces without the ability to pay for them will lead to obvious problems. And while expanding the Afghan security forces, it is critical to ensure that sound oversight and accountability mechanisms are in place.
The two great challenges of the 21st century are the battle against poverty and the management of climate change. On both we must act strongly now and expect to continue that action over the coming decades. Our response to climate change and poverty reduction will define our generation. If we fail on either one of them, we will fail on the other. The current crisis in the financial markets and the economic downturn is new and immediate, although some years in the making. All three challenges require urgent and decisive action, and all three can be overcome together through determined and concerted efforts across the world. But whilst recognising that we must respond, and respond strongly, to all three challenges, we should also recognise the opportunities: a well-constructed response to one can provide great direct advantages and opportunities for the other.
|Photo © Curt Carnemark/World Bank|
Climate change is not a new phenomenon. It has been around through much of Earth’s history. But what is new is the speed of climate change today and the growing certainty that it is a consequence of human actions. Why should poor and developing countries worry about climate change? Many say that it is a distant threat of uncertain magnitude and scale. With the global financial crisis, is it not more reasonable to address current priorities such as food security, unemployment, growth and burgeoning fiscal deficits?