You may have heard that . At the same time, the government aims to improve the lives of Sri Lanka’s citizens by generating one million new and better jobs.
This isn’t a pipe dream. T , and high-value-added food processing and apparel.
What is foreign direct investment and why does Sri Lanka need it?
Very simply, foreign direct investment (or FDI) is an investment made by a company or an individual in a foreign country. Such investments can take the form of establishing a business in Sri Lanka, building a new facility, reinvesting profits earned from Sri Lanka operations or intra-company loans to subsidiaries in Sri Lanka.
The hope is that these investment inflows will bring good jobs and higher wages for Sri Lankan workers, increase productivity, and make the economy more competitive.
Attracting more FDI can help achieve that goal and fulfill the promise of better jobs.
Here are five reasons why:
“I have always enjoyed studying computer and human physiology since childhood, that’s why I jumped at the opportunity of developing a scientific application with KPITB’s support. This app has even helped my younger brother understand different body organs and their functions in a fun way. The KPITB’s ‘early age programming’ program has supported many girls from public schools, who would otherwise have never received this chance of realizing their dream of developing apps.”
Such compelling words came from Hafsa, a 13-year-old female student of Pakistan’s Khyber Pakhtunkhwa’s (KP) public school as she addressed about one thousand young men and women at this year’s Digital Youth Summit (DYS) in Peshawar.
Girls like Hafsa are becoming the face of DYS, an annual event that brings the spotlight on young talent and their digital innovations.
I heard similar passionate accounts during my two-day interaction with KP youth as they shared candidly how they had transformed challenges into opportunities through hard work and perseverance.
where 50 percent of people are age 30 or under.
Such forums also provide a space for youth to voice their aspirations and claim for greater and more meaningful socio-economic inclusion.
And while Hafsa’s impassionate story of progress resonated with everyone in the room, it stood as a stark reminder that
Fittingly, DYS discussed different gender issues and offered solutions to boost female digital entrepreneurship.
The winning proposals lay out a clear plan for commercial and export-oriented agriculture initiatives that facilitate private sector investment, provide technical assistance, strengthen farmer producer organizations and promote smallholder–agribusiness partnerships.
The goal is to increase their competiveness, business orientation and market position in order to make them more attractive business partners in the value chain. It’s an ambitious task, but Sri Lanka’s agri-entrepreneurs have risen to the challenge.
Matching grants scheme supports agribusiness
The matching grants scheme, implemented by Sri Lanka’s Ministry of Primary Industries comes under the Agriculture Sector Modernization Project. Supported by the World Bank, with additional funding from the European Union, the project is implemented through the Ministry of Primary Industries, the Ministry of Agriculture, and five participating provinces including the Northern, Eastern, Central, North-Central and Uva Provinces.
A rigorous and transparent selection process was used to create a shortlist. Successful applicants would be offered up to 50 percent of the investment required through the scheme, matched by their own funds or raised from commercial loans.
These small enterprises need the boost. Today, beside a few major agriculture companies, most operators in Sri Lanka are small-scale cultivators who face problems related to low productivity and lack of diversification, absence of market linkages, non-availability of inputs and limited access to credit facilities. Farmers are not organised and tend to focus on low value crops that limit income generation.
About 4 percent of the Sri Lankan population live in plantations. And . The Mount Vernon Estate, Middle Division, Hatton had an old Child Development Center (CDC) closer to the road with very limited space for the children to move around.
Until recently, the facilities were beyond repair.
That is, until the World Bank-funded Sri Lanka Early Childhood Development Project provided financial assistance to build a spacious new CDC.
The construction work was completed in October 2017 and handed over to the community.
Nearly 20 children now attend the CDC every day.
Kamala Darshani, the Child Development Officer in charge is pleased that the children now have a brand new center with new tables, chairs, and toys. She finds that the children love various colors and feels that the children could benefit from attending the center every day.
Bhutan is no ordinary place.
A landlocked Himalayan kingdom tucked in a mostly rugged mountainous terrain between India and China, it measures prosperity by assessing its citizens’ level of happiness by way of a Gross National Happiness index.
Bhutan’s geography – with land rises ranging from 200 meters in the southern foothills to 7,000 meters in the high northern mountains – consists of three major agro-ecological zones that allow for a rich biodiversity and seasonal foods.
This natural wealth, however, comes with its caveats as
"Many families in rural Bhutan practice two meals rather than three meals a day," reports Ms. Kinley Bidha, Tarayana Foundation Field Officer in Samtse Dzongkhag. "Some for cultural reasons, others due to a shortage of food, others due to a shortage of land too farm," she adds.
– the country’s infant mortality rate declined to 30 per 1,000 live births in 2012 down from 90 per 1,000 in 1990; while the rate of stunting in children under 5 years declined 24 percent from 1986 levels.
Nonetheless, the lack of variety of foods in diet remains a key concern, especially for pregnant and nursing women as well as young children. And while most families feed their children complementary food, fewer than a quarter of parents provide them nutritious meals essential to their health.
In addition, 67 percent of Bhutanese adults consume less than the recommended five servings (or 400 grams) of fruits and/or vegetables per person a day [National Nutrition Survey (NNS) 2015].
When consumed, vegetables consist for the most part of two national staples, potatoes and chilies, which hardly provide essential vitamins and minerals.
Keeping regional variations in mind, between 16 and 34 percent of children under 5 are stunted—or too short for their age—seven percent of children are underweight, 35 percent of children of age 6-59 months and 44 percent of women of reproductive age are either anemic or iron deficient. Exclusive breastfeeding rates for six-month-old children remain at a low 50 percent (NNS, 2015).
, and predispose to adult-onset diseases (including metabolic syndrome).
Thankfully, to promote its national development.
This blog is part of a series exploring housing reconstruction progress in Uttarakhand, India.
The disaster – the worst in the country since the 2003 tsunami—hit more than 4,200 villages, damaged 2,500 houses, and killed 4,000 people.
Damyanti Devi, the mother of a young daughter, lost her home and livelihood. Her old house in Rudraprayag was completely washed away by the landslide.
“The river was fast swelling up,” she said. “It had crossed the danger mark and reached close to our house. We just took our daughter and left with an umbrella and a lantern.”
She now owns a new house abuzz with music and her daughter’s laughs.
Like thousands of other people in Uttarakhand, Damyanti received support through the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) to rebuild her home.
This support channeled through the Uttarakhand Disaster Recovery Project (UDRP) also helped build better roads and mitigate future disaster risks in local communities.
A key component of the project was to rebuild 2,382 more resilient houses based on the owner-driven housing reconstruction model, which allows families to rebuild according to their specific needs.
This community-driven approach is important as .
There is indeed strong evidence that disasters impact women differently and amplify gender inequalities.
Women and men have different perceptions of their surroundings and coping abilities, roles, responsibilities, and resources before or in the aftermath of a disaster.
With that in mind, the housing reconstruction component of UDRP helped empower women like Damyanti in the aftermath of a disaster in 4 different ways:
This time we were discussing The high-level dialogue was attended by senior representatives from India’s Niti Aayog, Ministry of Agriculture and Farmers’ Welfare, leaders of farmers’ associations from Punjab and Haryana, as well as by researchers, academics, and donors.
We focused on the ‘agriculture-water-energy’ nexus, achieving India’s second green revolution, making agriculture more climate resilient, as well as options to stop the burning of crop residue that is worsening air quality in much of northern India. It was heartening to see the torch bearers of India’s drive towards food security unhesitatingly debate a host of complex and sensitive issues.
Food security firmly in hand, the government is now targeting to double farmers’ incomes by 2022. Today, with rapidly growing urban food markets, India is emerging as a global agricultural powerhouse.
The Lighthouse India is a platform to facilitate knowledge flows across states within India and to create strategic partnerships with other countries to share and transfer knowledge and experience, which would inform development policies, scale up good practices and innovations. We caught with our Country Director, Junaid Ahmad, for an in-depth understanding of this initiative of the World Bank.
What is Lighthouse India?
Development is best catalyzed when people learn by doing. The notion of lighthouse is that you are a beacon for someone. An Indian state innovating on how local government programs are run, say in West Bengal, can be a source of information for other states, say Madhya Pradesh or Karnataka, which are also trying to figure out how to strengthen local governments. In a federal system like India, the potential for learning from each other is vast especially where innovation is constantly happening. The problem is that the lessons from these innovations and the information about them is not moving smoothly across borders. Lighthouse India is based on the Bank's unique position to facilitate these exchanges and link them to actual implementation.
It is not only about exchanges between states in India. As India moves along the development trajectory towards high middle income, the nation itself is transforming. The lessons of this transformation are going to be critical for other countries. The Bank can also proactively broker these exchanges between India and other countries as India acts as a “lighthouse” for others.
It is important to stress that Lighthouse India is not just a passive exchange of best practices. It is an active exchange of practices and approaches where the expertise and experiences of India can be leveraged by another country. And as always, these exchanges are never one way: as India shares, it will gain from the development experiences of others.
Importantly, Lighthouse India will change the way we do analytical and advisory services. The latter will be built around operational issues and offer the analysis to understand better implementation challenges.
How is Lighthouse India important for Bank’s strategy in engaging with India?
First, Lighthouse India is essential in supporting the strategy of scaling up development impact. Let me take the example of livelihood programs. We’ve been working in Andhra Pradesh, Bihar, Odisha supporting the creation of self-help groups of women and facilitating their access to micro credit and economic activities. We could respond to every state that requests our assistance for this kind of activity. On the other hand, if we have worked in three or four States, we can then leverage their expertise and experience to support others. In this context, the World Bank can act as a broker of exchanges where states learn from the experience of each other. And this could be in any area such as local government strengthening or in solar power generation.
Second, Lighthouse India will play an important role in the delivery of global goods. For example, in the case of climate change, if we support the collective efforts of nations to de-carbonize their growth path, we may be able to achieve the objectives set out in COP18 in Paris. India has set for itself the aspiration of delivering 175GW of renewable energy in the coming years. Not only will India’s energy strategy help in delivering the global goal of sustainable development, its experience with scaling up renewable energy and energy efficiency will support the collective efforts of other countries to achieve their own objectives in the energy sector. This is where Lighthouse India can play an important role of leveraging India in the achievement of global goods.
The just-released Afghanistan Living Conditions Survey (ALCS) paints a stark picture of the reality facing Afghanistan today. More than half the Afghan population lives below the national poverty line, indicating a sharp deterioration in welfare since 2011-12. . These figures are the first estimates of the welfare of the Afghan people since the transition of security responsibilities from international troops to the Afghan National Security Forces (ANSF) in 2014.
While stark, the findings are not a surprise
Given what Afghanistan has gone through in the last five years, the significant increase in poverty over this period is not unexpected. The high poverty rates represent the combined effect of stagnating economic growth, increasing demographic pressures, and a deteriorating security situation in the context of an already impoverished economy and society where human capital and livelihoods have been eroded by decades of conflict and instability.
The withdrawal of international troops starting in 2012, and the associated decline in aid, both security and civilian, led to a sharp decline in domestic demand and much lower levels of economic activity. The deterioration in security since 2012, which drove down consumer and investor confidence, magnified this economic shock. Not surprisingly, Afghanistan’s average annual rate of economic growth fell from 9.4 percent in the period 2003-2012 to only 2.1 percent between 2013 and 2016. With the population continuing to grow more than 3 percent a year, per capita GDP has steadily declined since 2012, and in 2016 stood $100 below its 2012 level. . In recent years, as population growth outstripped economic growth, an increase in poverty was inevitable.
- South Asia
- Agriculture and Rural Development
- Private Sector Development
- Labor and Social Protection
- Migration and Remittances
- Social Development
- Conflict and Fragility. fragile and conflict affected states; Poverty; Agriculture; Rural Development