“Governance is complex and complicated. We need to unpack it to understand those complexities better,” said Kyle Peters, interim chief operating officer and managing director of the World Bank at the start of the event, moderated by Clare Short, chair of the CITIES Alliance and former UK Secretary of State for International Development.
Against a backdrop of tepid global growth, remittance flows to low and middle income countries (LMICs) seem to have entered a “new normal” of slow growth. In 2016, remittance flows to LMICs are projected to reach $442 billion, marking an increase of 0.8 percent over 2015 (figure 1 and table 1). The modest recovery in 2016 is largely driven by the increase in remittance flows to Latin America and the Caribbean on the back of a stronger economy in the United States; by contrast remittance flows to all other developing regions either declined or recorded a deceleration in growth.
Economic shocks can be painful and destructive, especially in fragile countries that can get trapped into a cycle of conflict and violence. Effective policy responses must be implemented quickly and based on evidence. This requires reliable and timely data, which are usually unavailable in such countries. This was particularly true for South Sudan, a country that has faced multiple shocks since its independence in 2011. Recognizing the need for such data in this fragile country to assess economic shocks, the team developed a real-time dashboard to track daily exchange rates and weekly market prices (click here for instructions how to use it).
These are some of the views and reports relevant to our readers that caught our attention this week.
2016 Ibrahim Index of African Governance Mo Ibrahim Foundation
The IIAG provides an annual assessment of the quality of governance in every African country. Originally established with the John F. Kennedy School of Government (Harvard University), presently the IIAG consists of more than 90 indicators built up into 14 sub-categories, four categories and one overall measurement of governance performance. These indicators include official data, expert assessments and citizen surveys, provided by more than 30 independent global data institutions. This represents the most comprehensive collection of data on African governance. MIF defines governance as the provision of the political, social and economic goods that a citizen has the right to expect from his or her state, and that a state has the responsibility to deliver to its citizens. The Ibrahim Index of African Governance (IIAG) assesses progress under four main conceptual categories: Safety & Rule of Law, Participation & Human Rights, Sustainable Economic Opportunity, and Human Development.
World Economic and Social Survey 2016- Climate Change Resilience: an opportunity for reducing inequalities UN Department of Economic and Social Affairs
The World Economic and Social Survey 2016 contributes to the debate on the implementation challenges of the 2030 Agenda for Sustainable Development. In addressing the specific challenge of building resilience to climate change, the Survey focuses attention on the population groups and communities that are disproportionately affected by climate hazards. It argues that, in the absence of transformative policies which coherently address the economic, social and environmental dimensions of development, building climate resilience will remain elusive and poverty and inequalities will worsen. To the extent that the differential impact of climate hazards on people and communities is determined largely by the prevalence of multiple inequalities in respect of the access to resources and opportunities, policies aimed at building climate resilience provide an opportunity to address the structural determinants of poverty and inequality in their multiple dimensions.
Sunday was the day that all Colombians, in Colombia or abroad, voted in a referendum to ratify or not the peace agreement that was signed on September 26 between the Revolutionary Armed Forces of Colombia (FARC) rebel group and the Colombian government.
As a Colombian living in Washington, D.C., I was serving as a voting monitor (Colombians citizens who volunteer to make sure the process runs smoothly and transparently) here all day, from 7 a.m. until 4 p.m. Most of us were for the YES vote; so we were both saddened and surprised when we heard the news that the NO vote had narrowly won.
Though I was pessimistic at first, I thought about the great peacemakers of this world, and in particular Nelson Mandela who once said: "In the end, reconciliation is a spiritual process, which requires more than just a legal framework. It has to happen in the hearts and minds of people." I have come to a different conclusion about this supposed "blow" to achieving peace in my country. I think this is a lesson in what the true meaning of peace is, especially for those of us who work on combatting conflict and often think that peace is a technocratic agreement.
It is true that society has been extremely polarized in recent months, and that although this is likely the most comprehensive and technically sound peace deal in this 50+-year-old conflict, the process was not very inclusive or transparent of society at large. Corruption scandals in the current government abound, and the fear that we might turn into another Venezuela if the FARC gain political power (which the agreement provides for to an extent) are not that far-fetched for many Colombians glancing over the border. The process divided Colombian families. There is not one person I have spoken to that has told me that they could easily breach the subject at dinner without a real fight breaking out.
The NO vote was a lesson to us Colombians that polarization and choosing sides here isn't the way, that listening to the other rather than just maintaining our position is what we need the most. If we are fighting, and if there is violence verbal or physical within our hearts and minds and at the most basic level of the family, how can we have a national peace when we aren't even at peace with ourselves let alone our family members or colleagues at work? Peace is the work of a united nation, a united effort.
President Santos has declared that the ceasefire still holds while democratically recognizing the NO vote. Former President Uribe has also emphasized his will for peace and for continued conversations with the FARC so that the opposition's views can be included in the agreements. Finally, the FARC has said they will not return to "the jungle" to fight ever again.
The whole point is that we had forgotten to look ourselves in the eye, each Colombian, and realize that we are both part of the problem and solution to peace...by finding it within ourselves.
Urgent action is needed to mobilize, redirect and unlock trillions of dollars of private resources to ensure global growth and shared prosperity.
Since 1956, the International Finance Corporation (IFC), the World Bank Group’s member focused exclusively on the private sector, leveraged $2.5 billion in paid-in capital from its shareholders to invest over a trillion dollars for private sector development. IFC’s 60 years of experience has demonstrated the private sector’s ability to create innovative, commercially viable solutions that deliver development impact.
“A year ago, we all signed up to the Sustainable Development Goals. The only way to achieve these goals is if private capital funds them and private business implements them,” said Gavin Wilson, CEO of IFC’s Asset Management Company (AMC) during the World Bank Group/IMF Annual Meetings 2016.
“That’s why we came up with the phrase ‘Billions to Trillions’ last year with our multilateral institutions in the run-up to the Addis conference on financing for development,” he added.
The Middle East and North Africa (MENA) has witnessed a surge of conflict and economic uncertainty and, while the causes of conflict vary, there is no ambiguity about the negative impact it has on people’s wellbeing. Today, the region is both the world’s largest host for displaced populations and the single largest source of forcibly displaced people.
Shaping the Global Development Agenda: A Conversation between Jim Kim and Chief Economist Paul Romer
The World Bank Group’s president and new chief economist had a friendly hour-long conversation before an overflow Annual Meetings crowd about some of the biggest risks and opportunities confronting the world today – and the kind of innovative thinking needed to reach ambitious development goals.
Sitting side by side, Jim Yong Kim and Paul Romer discussed the potential impact of automation on jobs, the need to raise the profile of practical development research, the best way for people to acquire valuable “soft skills,” and other issues. The event, Shaping the Global Development Agenda, was simultaneously translated into French, Spanish and Arabic, and livestreamed in four languages.
The rapport between Kim and Romer quickly became clear.
“When I first interviewed Paul, it was supposed to be a 35 to 45 minute meeting. We ended up going for about two hours and 15 minutes, talking about all kinds of different things. And so we thought that we’d share some of that,” said Kim.
New developments and curiosities from a changing global media landscape: People, Spaces, Deliberation brings trends and events to your attention that illustrate that tomorrow's media environment will look very different from today's, and will have little resemblance to yesterday's.
In order to ensure economic and social development is inclusive, all citizens, including the poor and those living in rural areas, must have access to information. Communication services, which includes mobile broadband, remains a crucial element in this goal. However, cost, competition, demand and affordability, and customer distribution (among others) all influence how telecommunication firms view the feasibility of providing specific technology services.
National broadband plans (NBPs) and universal access and service (UAS) policies that provide regulation, financing, and access goals are essential to ensuring that a country can provide broadband services. These policies, which can be tailored to ensure they will provide access to poor and rural communities, should not be viewed as an obligation but an opportunity for growth. The World Bank acknowledges this in the 2016 World Development Report: Digital Dividends:
Government policies and regulation of the internet help shape the digital economy. Particularly through their policies for the ICT sector, governments and regulatory agencies create an enabling environment for the private sector to build networks, develop services, and provide content and applications for users. Increasingly, governments seek to cooperate across borders on issues such as cybersecurity, privacy, and cross-border data flows. Internet-enabling policies have evolved over time, especially those for the ICT sector [...] Broadband internet, in particular, is seen as a general-purpose technology, essential for the competitiveness of nations, and governments have invested more than US$50 billion in broadband networks since 2009 as part of stimulus packages. Most also have national broadband plans.
With this in mind, the Broadband Commission tracks national progress towards a set of targets, the first of which is to make broadband policy universal. Advocacy target 1 states, “All countries should have a National Broadband Plan or strategy or include broadband in their UAS definitions.” According to its latest annual report, The State of Broadband: Broadband catalyzing sustainable development, growth in the number of countries with NBPs has progressed over the past eight-year period, but has stabilized in the past three. There are now 151 countries with a NBP, and 38 have not yet developed one. Azerbaijan is the most recent addition to the list of countries with an approved NBP, and another seven countries are planning to introduce one: Cape Verde, Cuba, Dominica, Iraq, Solomon Islands, Saint Lucia and Togo.
There is a lot for Bangladesh to celebrate in the latest World Bank research on global poverty and inequality.
The new report, entitled “Poverty and Shared Prosperity 2016: Taking on Inequality”, uses revised data to give a more accurate estimate of how many poor people live in Bangladesh. What the report shows is that 18.5 percent of the population was poor in 2010 compared with 44.2 percent in 1991.
This is a major achievement that will receive global recognition on October 17 when the World Bank Group marks End Poverty Day with the Bangladesh people at an event in Dhaka.