The World Bank Vice President for Latin America and the Caribbean, Hasan Tuluy, is in Mexico for the inauguration of the new government. In this video blog, Tuluy explains how Mexico and the World Bank will continue to work together to build a more prosperous society that benefits everyone.
Do longer classroom hours equal good grades? Spending more time in school is a subject currently being discussed as one solution to improving students' academic performance with the ultimate goal of making countries more competitive in the global economy.
This is true for emerging and advanced economies alike.
How much is a jar of jam worth? A couple of pesos, at most. But for a group of women from a remote Guatemalan village, it’s worth its weight in gold. It has helped them develop as individuals and has made a significant contribution to their income and that of their community.
With a sweet voice that cracks with emotion, Blanca Estela, a single mother of four, tells us that making jam marked a turning point in her life. She is one of 30 women from Nueva Esperanza, a company that makes jams and sauces in San Lucas Tolimán, Guatemala. The company has helped the women become independent in a society that continues to be patriarchal. It has also promoted local economic growth.
When I visited the women to make this video, they told me that the Rural Economic Development Program supported by the World Bank enabled them to open new markets and increase their earnings. “This is the dream of a lifetime. We’ve been able to develop as individuals and as businesswomen,” says Esperanza. It has turned these rural homemakers into businesswomen. They now serve as an example for the rest of the women and men in the village.
Rewind 20 years. Medellin, Colombia, is the murder capital of the world, with over 300 homicides per 100,000 inhabitants.
Pablo Escobar and his drug trafficking cronies are the heroes of the comunas -- the hillside low-income barrios that oversee the skyscrapers of the modern downtown. Shootings, kidnappings and rampant lawlessness are the stuff of daily headlines. Teenage boys in the comunas want to be Escobar henchmen, quick with the gun and fast with the girls. And after Escobar was killed in a graphic shootout with police in 1994, they dream of becoming paramilitary ‘rambos’, inspired by the violent squads that plagued the countryside since the mid-1990s.
Gender inequality comes in many shapes and (depressing) colors. A recent trip to Haiti showed me and my colleagues, perhaps its ugliest and most damaging face: violence against women of all ages, including babies. But as ugly as it is, can we make it our business?
During the second half of 2011, relations between Africa and Brazil continued to flourish as part of the historic trade, cultural and economic rapprochement of the two economic juggernauts. Specifically, African governments asked for more financing from the South American country to implement development projects, according to Brazil’s National Bank of Economic and Social Development (BNDES).
Key reasons for intensifying this relationship include the fact that Brazil is now the world’s sixth-largest economy (after China, the United States, France, Germany and Japan) and that it has become a major player in South-South cooperation.
Imagine that one day you are forced to leave your home with only the clothes on your back. You have no house, land, supplies, work or friends. You cannot return. The only thing you have left is your will to survive and to protect your family. You arrive in a new city to start from scratch. Everything seems overwhelming. You realize you have lost in two ways: as a woman and now as a displaced person.
This is the experience of millions of displaced women in Colombia, such as the ones we met at the Foundation for Development and Progress (FUNDESPRO) in Bogota.The Foundation works with the government to aid victims, especially women, of the Colombian civil conflict, as part of a World Bank initiative supported through the Peace and Development Program.
Confucius and JFK have one thing in common: They both produced pithy quotes about the importance of recognizing ignorance as the first step in gaining wisdom. Let’s trust their insight for a moment and presuppose that there are more things about economic development that we don’t know than we do know.
It seems that, after 50 years of the development business, economists are starting to realize the significance of this ignorance. We still build models that estimate the probability of particular outcomes and simulate entire economies to find out how a policy change or investment might wind its way through a complex market.
Linked in the distant past through colonial-era trade enterprises, Brazil and Africa are becoming close partners again. More than two centuries after establishing a slave trade route across the Atlantic, both regions are again re-engaging, this time around to exchange knowledge and potentiate economic and social development.
Sub-Saharan African countries are looking to replicate Brazil’s successes in boosting agriculture production and exports, and private investments, which have made Brazil a key economic player in the international arena.
In stark contrast with Latin America’s rich history of financial crises and turbulence, this time around the region’s financial systems have weathered the current global volatility and the Great Recession rather well.