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Bloggers write to share unique insights. They may want to simply share knowledge, push an issue forward, establish thought leadership, and in some cases drive business.
Bloggers also create community. For example, this blog platform reaches a subscribed community (25K in number!) interested in infrastructure finance, PPPs, and the use of guarantees to spur private-sector investments—especially in developing countries. With niche topics like this, a blogspace becomes a virtual gathering place where we can exchange war stories, spectacular examples, best practices, trends, and opinions. We can know that others care about the same topics. We can also blog to shape the demographics of discourse and raise specific voices.
Today, 99 percent of the population uses electricity as their main source of lighting, up from 14 percent in 1993. However, economic growth is putting increasing pressure on Vietnam’s infrastructure. Freight volumes are expanding rapidly. Road traffic has increased by an astounding 11 percent annually and the demand for energy is expected to grow by about 10 percent per year until 2030.
I am often asked how I view Côte d’Ivoire’s economic future. One thing is certain: the country will become urbanized. More than half the population already lives in the city and this proportion is expected to reach two thirds by 2050, particularly with the expansion of Abidjan, which will be home to over 10 million people.
While the World Bank’s resources for low-income countries have never been greater, they still pale in comparison with these countries’ needs. Governments always need to make hard choices between infrastructure needs, social programs, and fiscal discipline. One country was recently able to strike the right balance with the support of World Bank guarantees: Benin.
In that context, the task at hand for the Sustainable Mobility for All initiative (SuM4All) was clear: How can we work with decision-makers and the international community to transform the conversation, harness the full potential of these emerging solutions, and take on the world’s most pressing mobility issues?
To tackle these challenges, the initiative decided to focus on three essential steps.
- inclusive transport
- Sustainable Development
- infrastructure financing
- transport financing
- rural access
- transport accessibility
- road safety
- safe transport
- green mobility
- low-carbon transport
- green transport
- international cooperation
- Global Engagement
- sustainable mobility
- sustainable transport
- Sustainable Communities
- Urban Development
- Law and Regulation
- Information and Communication Technologies
- Global Economy
- Financial Sector
- Climate Change
A strange irony persists in today’s infrastructure investment market: private capital waiting to be deployed into the sector is at an all-time high, yet investors seem reluctant to commit. Even in developed countries, few investors are willing to partake in transactions with merchant or construction risks without taking a higher risk premium.
This can make the financing of infrastructure projects more costly—a challenge particularly acute in emerging markets where further investment risks abound.
Before diving into a new year, I like to take some time for reflection. This past year, I’ve seen a real shift in how public-private partnerships (PPPs) are perceived and understood—both their benefits and risks. Many governments are considering PPPs to help them deliver infrastructure and services their citizens need. They also better understand the complexity of PPPs as a procurement method and are more strategic in when to use them.
If so, what must be done to ensure they’re sustainable and deliver on public sector goals? Thinking back on 2018, I saw these developments:
In the Africa Chief Economist’s Office, we seek to generate knowledge on key development issues around the continent. We also host the Gender Innovation Lab, which – as the name suggests – specifically generates evidence on how to close the gender gap in Africa. Over the course of 2018, we’ve produced a range of products (regional reports and updates), but we also produce academic articles and book chapters seeking to answer key, specific development questions.
The Msimbazi River makes a volatile neighbor. With depressing regularity, the river breaks its banks and inundates houses built on its low-lying floodplains. During the 2014 rains, 600 houses were flooded in the riverine Kigogo Ward alone; thirteen of which were completely destroyed. Yet, as the floodwaters recede, people return.
“What is wrong with these people?” people often say. “They should not be there; they know it’s not safe!” Citizens, journalists, and policymakers, express disbelief that people relocated to safer parts of the city return to their former, flood-prone neighborhoods. So why do they do it?
Using Islamic finance for infrastructure development attracted more attention recently in the quest to maximize finance for development.
At the recent World Bank-IMF Annual Meetings in Bali, the World Bank and the Islamic Development Bank (IsDB) co-hosted a symposium on Islamic infrastructure finance, building on the institutions’ strategic partnership. As we note in Mobilizing Islamic Finance for Infrastructure Public-Private Partnerships, the asset-backed, ring-fenced, and project-specific nature of Islamic finance structures and their emphasis on sharing risks make them a natural fit for infrastructure public-private partnerships (PPPs).