Zafar is among millions of Pakistanis who do not give up hope in the face of adversity, and the harder the challenge, the more resolute they become in overcoming it. Zafar belongs to Utror, a back-of-beyond place in Pakistan’s north-west. Situated in one of the more inaccessible valleys of Swat in the Kyber Pakhtunkhwa province, the inhabitants of Utror could only dream of having electricity till Zafar, one of their own, returned home with skills of an electrician honed in Punjab where he had gone in search of education.
Projects supported by results-based loans—of the breed of the current projects in education in Pakistan and counterparts in the Latin American and Caribbean region—are increasingly seen as a promising way for raising the effectiveness of Bank lending. In a seminar recently organized by the South Asia region, a proposal that such projects should be set as the default choice and quickly become the lion’s share in the region’s lending portfolio resonated widely with the participants.
While, in principle, linking loan disbursements to the achievement of results seems desirable, this step by itself may not be enough for project success. In this entry, and ones to follow, learning from the Pakistan results-based projects in education, I provide some insights on considerations that may increase the likelihood that such projects succeed. Some of these insights may also be relevant for other types of projects.
For countries with substantial numbers of workers in the Middle East, recent events have not only raised concerns for the repatriation and welfare of their citizens, but have also raised fears of a possible slowdown in remittances. Will remittance flows noticeably decrease due to recent events in Egypt, Libya, and Tunisia?
For South Asian countries, remittances are among the largest and most stable sources of foreign exchange and their developmental impact have been remarkable. For example, in Nepal national poverty level has come down from 42% to 31% during 1996 to 2004, and to 21% today, largely on the account of remittances which finance household consumption as well as education and health expenditures. Nepal, Bangladesh, and Sri Lanka, were among the top 15 remittance recipients in 2009—with inflows being equivalent to 24% of the GDP in Nepal, 12% in Bangladesh, 8% in Sri Lanka, 5% in Pakistan and 4% in India.
Gulf States employ more than 11 million expatriate workers, an estimated 8 million or more from South and East Asian countries. Saudi Arabia, the U.A.E, and Qatar are top destination for South Asian migrants and are main sources of remittance inflows. The table as well as the country profiles below demonstrates the sheer magnitude of migrant workers in the Arab Gulf countries and their contributions to the labor force; sometimes greater in overall numbers and proportion than the respective labor force in the countries.
For decades, the leading causes of mortality have differed between low income countries and high income countries. Those who have worked their careers in health and development probably never thought they would see the day when maternal/child health and communicable diseases would not be the leading health burden in many low income countries.
The new actor is non-communicable diseases (NCDs), which are characterized by chronic diseases (cardiovascular disease, diabetes, cancer, and chronic respiratory disease), along with injury and mental health which are now responsible for half the health burden in South Asia. Thus, the challenge now is how best to juggle this “double burden”.
Currently, many compelling reasons are pushing countries toward starting to tackle NCDs. From both a social and political standpoint, South Asians are 6 years younger than those in the rest of the world at their first heart attack. This type of trend threatens a country’s ability to fully capitalize on the demographic dividend from a larger mature working force because healthy aging is necessary, which in turn, requires tackling NCDs.
An unmistakable sense of achievement and enthusiasm emanated through the halls of the 7th South Asia Economics Student Meet held in Colombo, Sri Lanka last month. The theme of Economic Freedom and Poverty Reduction in South Asia brought together 192 of the top economics undergraduates from universities throughout the region to showcase their economic knowledge and talent.
Demonstrating superior knowledge, creativity, and critical thinking skills; the participants exchanged ingenious ideas in exploring creative solutions to regional economic challenges while making new friendships to pave the way for greater mutual learning as emerging leaders and future policy makers.
Students from universities in Bangladesh, India, Nepal, Pakistan, and Sri Lanka participated in the 3-day conference focusing on economic freedom. As Professor Bishwambher Pyakuryal from Tribhuvan University in Nepal noted, “countries with higher degrees of economic freedom also tend to have higher incomes and levels of development.”
It was a cold evening back in 2004 when a few students and professors of Ramjas College of the University of Delhi got together and initiated an idea that would form the basis for improving regional cooperation among South Asian countries. South Asia has many things in common, and is affected by diverse sets of issues that require cooperation to solve. Under this premise, the South Asian Economics Students’ Meet (popularly known as SAESM) came to life with valuable contributions made by five leading South Asian Universities offering Economics Degrees; the University of Delhi in India; Lahore School of Management Sciences in Pakistan; University of Dhaka in Bangladesh; University of Colombo in Sri Lanka and Tribhuvan University in Nepal.
- Sri Lanka
- South Asia
- Science and Technology Development
- Public Sector and Governance
- Private Sector Development
- Macroeconomics and Economic Growth
- Financial Sector
- Culture and Development
- Say It! Look @
- Economic Students Meet
|Speaking with colleague Ahsan Tehsin, who worked on the Bank's damage and needs assessment for Pakistan.|
I have always had a desire to work in a developing country and have felt a pull towards Pakistan due to my heritage. So after two exciting years in Washington DC, I came across an opportunity to work in the Islamabad office; I went for it.
Within days of accepting the position -to work for the Multi-Donor Trust Fund supporting the Khyber Pakhtunkhwa, Federally-Administered Tribal Areas and Balochistan regions- I was in Islamabad. I had lived in the country for years when I was younger. With family and my fluency in Urdu, this was a homecoming of sorts, but a bittersweet one.
Each day on my way to work I am welcomed by the many checkpoints placed every few kilometers with law enforcement inspecting every vehicle with caution and professionalism (two qualities I once thought they were incapable of possessing!). I encounter at least seven checkpoints. The security situation has deteriorated to such an extent that these barriers to the flow of traffic - and in the mornings, to the flow of thought – bring calm to an otherwise chaotic world.
World Bank Open Forum: On October 7-8, the world's financial leaders will be in Washington, D.C., working together to find solutions to the most pressing issues in the wake of the financial crisis. You're invited to join this online event featuring live-webcasts of expert discussions, special announcements, and a 24-hour global chat forum on three key issues: open data and development solutions, global job creation, and major development challenges.
Disasters seemingly have become so commonplace lately that many of us have become desensitized to them. Watching disaster unfold has become like hearing a cacophony of voices on a busy street but not really listening or paying attention to your surroundings. Take a second, and think of the millions that are in need and suffering, and imagine if you were in their shoes, another person’s suffering becoming a part of your own.
In Pakistan, about a month ago a natural catastrophe took place, a disaster so massive that a fifth of the country was inundated with water affecting 20 million people, a sizeable death toll, and with long lasting implications. I joined on a volunteer mission with Dr. Ahmad Nakshabendi, who had much experience with aiding victims of the 2005 earthquake, and embarked on a mission to assist based on our expertise.
There are two ‘coming of age’ tests for bold new ideas. The first, still in the realm of the market for ideas, occurs when the concepts become entrenched as conventional wisdoms, when you no longer need to justify them as ideas. The second is when they gain traction in the marketplace, when you no longer need to justify them as a business proposition.
The ground has shifted massively on both counts since I wrote about the opportunities from branchless banking in this blog more than two years ago. Few now would dispute that a key step to achieve much broader financial inclusion is to take banking transactions outside of banking halls and into everyday retail establishments that exist in every village and every neighborhood, and that financial service providers need to put technology in the hands of customers (in the form of cards or, better still, mobile phones) to increase the convenience and security of those transactions.