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Private Sector Development

الاتفاق مع أفريقيا: ربط إصلاح السياسات باستثمارات القطاع الخاص

Omowunmi Ladipo's picture
Also available in: English | Français



تتشارك مجموعة العشرين، ومجموعة البنك الدولي، وصندوق النقد الدولي، والبنك الأفريقي للتنمية لتحفيز الاستثمارات الخاصة في أفريقيا.

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Compact with Africa: Linking Policy Reforms with Private Investment

Omowunmi Ladipo's picture
Also available in: Français | العربية



The G20, World Bank Group, International Monetary Fund, and African Development Bank are partnering in a new way to stimulate private investment in Africa

Highlights

  • The Compact with Africa brings together the G20, the World Bank Group, International Monetary Fund, and the African Development Bank to spark greater private investment in Africa
  • Compact countries are Benin, Côte d'Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia.
  • The first Compact Monitoring Report shows significant progress implementing macroeconomic reforms, with more work needed to improve business environments and deepen financing frameworks.

Over the past year, many of my colleagues in international development have been asking about the G20 Compact with Africa: What exactly is it? What’s in it for African countries? How is it different from what we’re already doing? How does it complement or further the World Bank Group’s ongoing work?

Their curiosity reflects a growing awareness of the role the private sector must play in helping Africa achieve its development goals. The G20, in addition to its high-profile summits and communiques, undertakes some really important work through several “tracks,” including the finance track consisting of G20 finance ministers and central bank governors. It was via the finance track that the Compact was launched in March 2017 under the German Presidency of the G20. It focuses on macro-financial issues that are foundational for enhancing infrastructure financing and for increasing private investment in developing countries.

No pain, no gain: Witnessing ingrained obstacles to public sector reform in Senegal

Thomas Dickinson's picture
Also available in: Français



One of the great frustrations of top-down reform is that it rarely works out as planned.
In the 58 years since independence, Senegal has undertaken public administration reform 68 times—and on 14 occasions public administration quality was specifically targeted, according to a new study. On the donors’ side, the country saw 27 projects costing over $11 billion between 1998 and 2008 that included public sector institutional reform.

How can Malawi move from falling behind to catching up?

Richard Record's picture
A bypass under construction in Lilongwe. A sign that Malawi is inching its way forward. Photo: Govati Nyirenda/World Bank


A new Country Economic Memorandum gives us a chance to step back and look at the deep drivers of growth since Malawi’s independence in 1964. What stands out, though, is just how far Malawi has fallen behind its peers. It’s easy to look at the seemingly insurmountable challenges the country faces—from droughts and floods to the country’s landlocked status—yet other countries in the region have experienced just as many climate-related disasters, and overcome them better. And throughout the 50 plus years of its independence, Malawi has been fortunate to be at peace and mostly politically stable.

#Blog4Dev: Could Somalia’s vibrant private sector produce goods Somali consumers need locally?

Mohamed Maqadin's picture



When the central government of Somalia collapsed in 1991, everything collapsed with it. Infrastructure was destroyed. Basic services, such as electricity and clean water, were no longer provided. Government institutions were looted. As a result, the economy disintegrated and the Somali people’s contract with the State became void. In the following years, the civil war and recurrent droughts forced many people to migrate or join extremist groups.
 
In recent years, however, the situation has gradually changed for the better. Government institutions are slowly recovering and becoming stronger, people are enjoying relative peace, and the economy is being revitalized by capital from the diaspora. Nonetheless, many challenges remain, including the most chronic one: youth unemployment.
 
How can we create job opportunities for the youth? One possible solution is establishing Small Production Businesses (SPB) in the country.

Growth and financial inclusion: Where is Tanzania today?

Bella Bird's picture
© Venance Nestory/World Bank


Two Tanzanian entrepreneurs: Hadiya and Mzuzi. Hadiya has built a successful micro-business taking advantage of mobile money services, including money transfers and savings products that are low cost and safe, as well as short term micro-loans. But Mzuzi, the owner of a small, 10-person enterprise, is facing a financial crisis despite huge personal drive and inventiveness because of his inability to access credit to expand.

Night life in #Africa: a fun twist to development

Maleele Choongo's picture
Apps and Clubs: Navigating (Night)life in Dakar
Agendakar is a web platform that connects users to local night life, restaurants, exhibitions, and other events in Dakar. Deme’s Agendakar is now the most popular event guide to Senegal's capital. Her staff of four young Africans collect event dates, program, code, and write articles about the city’s latest novelties. The app reduces costs associated with mobile web services by allowing users to download it for free and use it offline.

Science and technology in higher education

Makhtar Diop's picture
Also available in: Français
Science and technology in higher education


On the sidelines of a high-level forum on Higher Education for Science, Technology and Innovation in Africa, the World Bank's Makhtar Diop, Vice President for its Africa Region, says we must increase the numbers of students in Africa graduating with degrees in science, technology and mathematics.

 

Development: Made in Africa

Maleele Choongo's picture
From Slums to Cocktail Parties - African Jewelry is Trending

Sub-Saharan Africa is home to the world’s highest female entrepreneurial activity, according to the Global Entrepreneurship Monitor Women’s Report. Approximately 27% of African women are engaged in some form of entrepreneurial venture. Among these women is Kate Mahugu, cofounder of Shopsoko.com.

Working With New Partners to Build Skills in Africa

Sajitha Bashir's picture

While global economic growth has been sluggish in recent years, Africa has been growing. We’ve seen a resurgence of traditional sectors such as agriculture and the extractive industries as well as promising new ones such as ICT. Not surprisingly, these booming sectors need highly skilled technicians, engineers, medical workers, agricultural scientists and researchers. Yet large numbers of African graduates remain unemployed as their skills are often not in line with industry requirements. 

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