When I used to work in Rwanda, I lived on a small street in Kigali. Every time I invited friends over, I would tell them to “walk past the Embassy, look out for the Church, and then continue to the house with the black gate.” The day a street sign was erected on my street was a game changer.
So how do more than two million citizens of Accra navigate the busy city without the help of street names? While some street names are commonly known, most streets do not have any official name, street sign or house number. Instead, people usually refer to palm trees, speed bumps, street vendors, etc.
But, what happens when the palm tree is cut or when the street vendor changes the location?
The absence of street names poses not only challenges for orientation, but also for property tax collection, postal services, emergency services, and the private sector. Especially, new economy companies, such as Amazon or Uber, depend on street addressing systems and are eager to cater to market demands of a growing middle class.
To address these challenges, the Accra Metropolitan Assembly (AMA), financed by the World Bank’s second Land Administration Project , is implementing a street addressing and property numbering system in Accra. Other Metropolitan areas received funding from other World Bank-funded projects for similar purposes.
These are some of the views and reports relevant to our readers that caught our attention this week.
Global Financial Development Report 2017/2018: Bankers without Borders
Successful international integration has underpinned most experiences of rapid growth, shared prosperity, and reduced poverty. Perhaps no sector of the economy better illustrates the potential benefits--but also the perils--of deeper integration than banking. International banking may contribute to faster growth in two important ways: first, by making available much needed capital, expertise, and new technologies; and second, by enabling risk-sharing and diversification. But international banking is not without risks. The global financial crisis vividly demonstrated how international banks can transmit shocks across the globe. The Global Financial Development Report 2017/2018 brings to bear new evidence on the debate on the benefits and costs of international banks, particularly for developing countries. It provides evidence-based policy guidance on a range of issues that developing countries face. Countries that are open to international banking can benefit from global flows of funds, knowledge, and opportunity, but the regulatory challenges are complex and, at times, daunting.
A Familiar Face: Violence in the lives of children and adolescents
This report presents the most current data on four specific forms of violence – violent discipline and exposure to domestic abuse during early childhood; violence at school; violent deaths among adolescents; and sexual violence in childhood and adolescence. The statistics reveal that children experience violence across all stages of childhood, in diverse settings, and often at the hands of the trusted individuals with whom they interact daily. The report concludes with specific national actions and strategies that UNICEF has embraced to prevent and respond to violence against children.
In the early 1800s, the Prussian scientist and explorer Alexander von Humboldt wandered the streets of Mexico City and Lima and wrote of his astonishment at the misery and wealth, the "nakedness" and the “luxury", the "immense inequality of fortune." This image endures. The region, along with Sub-Saharan Africa, is the most unequal in the world today.
Heavy smog compelled New Delhi to declare a pollution emergency last week. As air pollution soared to hazardous levels and residents donned masks, India’s capital took a series of measures, such as banning most commercial trucks from entering the city and closing all schools, in response to the air quality crisis. Many residents complained of headaches, coughs and other health concerns, and poor visibility caused major traffic accidents.
Does experience in implementing Public-Private Partnerships (PPPs) reduce a country's chances of contract failure?
In a recent study entitled Do Countries Learn from Experience in Infrastructure PPPs, we set out to empirically test whether general PPP experience impacts the success of projects—in this case, captured by a project's ability to forego the most extreme forms of failure that lead to cancellation.
The 2018 edition of International Debt Statistics (IDS 2018) which presents statistics and analysis on financial flows (debt and equity) for 123 low-and middle-income countries has just been released. One of the key observations of IDS 2018 is that net financial flows in 2016 to all developing countries witnessed a more than threefold increase over their 2015 level. This was driven entirely by net debt flows, which increased by $542 billion in 2016. Consequently, total external debt outstanding of all developing countries went up to $6.9 trillion, an increase of 4.1 percent over 2015. Interestingly, South Asia seems to deviate from this norm of IDS 2018.
External debt outstanding of South Asia contracted in 2016
South Asia is the only region that has shown a contraction in the total external debt outstanding in 2016. The total external debt stock of South Asia contracted by almost 2 percent as net debt flows into the region turned negative ($-7.7) for the first time in a decade. More specifically, this is the result of net long-term external debt flows turning negative (-$12.5 billion) implying that principal repayments by South Asia, on long-term external debt far exceeded disbursements.
Persistent myths, which can misguide policy, are barriers to improving water security for the people of Pakistan. Here are five:
First, this problem of water security is often presented as one of water scarcity. But Pakistan is a water-rich country – only 35 countries have more renewable water. It is true that measured for each person, Pakistan is approaching a widely recognized scarcity level of 1000 cubic meters each year. But there are 32 countries that have less water for each person and most of these countries are much wealthier and use less water for each person. Pakistan needs to shift its focus from scarcity to managing water demand and producing more from each drop of water. It needs to make water allocation more efficient and fair, and offer incentives that reflect how scarce water is to encourage wise use.