Just a few weeks ago, Argentina nationalized its private pension system. This kind of action is not without precedent - Argentina froze bank deposits in 2001. The result? According to a paper from the World Bank on The Unfolding Crisis: Implications for Financial Systems and Their Oversight:
Middle East and North Africa
Where might you find a bank president, an ambassador, an attorney, a journalist, a café owner, and other assorted characters in a single place? On stage, of course! The UB Players, an expat theater group, just put on Agatha Christie’s The Mousetrap. It was a great show, and to my surprise, I recognized about half the cast.
The online discussion on ‘the evolving regulatory context for private sector education’ began two weeks ago with an opening post asking participants to identify the challenges inherent in regulatory change. The responses have been as varied as the contexts and countries from which the authors come. Subsequent posts have introduced new strands to the debate and certain aspects of the discussion have clearly resonated with readers and we hope will continue to do so.
It may not be 100 percent in line with private sector development, but, hey, what else are blogs for? The Institute for Higher Education Policy today released a new (and long awaited) report by Ryan Hahn and Derek Price on College-Qualified Students Who Don't Enroll in College. Among its many findings on college-going in the US, I thought I'd highlight one in particular:
Get ready for the next victim of the global credit crunch - microfinance. (Pascal Lamy's warning yesterday about a squeeze on trade finance is already old news in the quickly moving financial crisis.) For-profit microfinance institutions will find it harder and harder to find financing. MFIs will have to rely more heavily on donor support to continue their operations.
Jorge Klor de Alva, Senior Vice President of the Apollo Group, contributes his views on the importance of developing regulatory frameworks in partnership between government and the private sector. Dr. Klor de Alva was interviewed during the IFC's international conference in May 2008. (Click on "Continue reading..." to see the video.)
What is the advantage of involving those who will be affected by a decision in the decision making process? At least two value added gains: relevance and effective communication. You either facilitate their buy-in or understand the rational behind any potential resistance. Knowledge of the policy/decision, understanding of the basic motivations of the decision/policy can lead to adequate implementation and more effective advocacy.
If a government accepts that it cannot finance the demand for higher education on its own and does not wish to ask the beneficiaries to pay the full cost in the state-owned sector, it has no alternative to considering the private sector as a partner. It can then adopt various options:
The first week of the online discussion brought well over 200 readers to the forum – we are hoping that this second week will see more of our readers actively engaging with the discussion by posting comments. All of the posts from our first week (see the links on the right margin under "Private Education Forum") will remain open for some weeks yet before we begin to draft our summary. Please contribute to those issues as well.