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Five years of investments in open data

Tim Herzog's picture
 
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This year marks the fifth anniversary of the World Bank’s efforts to help countries launch their own open data initiatives, and harness the power of open data to benefit their citizens. A new report provides insights into how open data is benefitting countries, what strategies are working well, what could be improved.

The report provides the most comprehensive snapshot of Bank-funded open data activities to date. In the last five years, the Bank has provided technical assistance and funding for open data activities in over 50 countries, conservatively estimated at more than $50 million from a variety of sources. In many cases Bank funding has leveraged support from other partners or co-sponsorship by countries and other institutions. Within the Bank, the Trust Fund for Statistical Capacity Building (TFSCB) has been the most significant source of funding for open data. The TFSCB has financed over 20 projects in 16 countries, as well as 6 grants for regional and global activities.

Supporting over 45 countries with national and sector-specific open data

Support for open data has taken a variety of forms. To date, 45 Open Data Readiness Assessments (ODRAs) have been completed at national and sub-national levels, which have helped raise awareness and catalyze public and private efforts to advance open data within countries. There are now sector-specific ODRA tools for business, energy, and transport. The Bank has invested in a range of open data learning and knowledge products, including data literacy courses and the Open Data Toolkit, and collaborated with its global partners to support academic research, a series of regional conferences, and open data implementation. The report also found that these initial efforts have catalyzed longer-term project investments, i.e., IBRD loans and IDA credits, with open data implementation components in at least 14 countries.

Chart: It's Never Been Faster to Start A Business

Tariq Khokhar's picture

Over the last 15 years, the Doing Business project has recorded nearly 3,200 reforms in 186 economies around the world. The area that's seen the greatest number of reforms is starting a business. Today, the time taken to start a new small or medium business has less than halved to an average of 20 days worldwide, compared with 52 in 2003. Read more in Doing Business 2018

Chart: An Over 30-Fold Increase in Turkey's Power Generation Capacity

Tariq Khokhar's picture

Since 1970, the electricity generation capacity of Turkey has increased more than 30-fold to reach 70,000 MW in March 2015. In a country of nearly 80 million people, demand for electricity has risen about 7 percent annually in recent years, requiring steady efforts to expand the sources of reliable and clean power. Starting in the early 2000s, through a series of interlinked measures supported by the World Bank Group, the country has worked to meet this growing demand, while spurring private-sector investment and innovation. Read more.
 

A crisis in learning: 9 charts from the 2018 World Development Report

Tariq Khokhar's picture

There’s a crisis in learning. The quality and quantity of education vary widely within and across countries. Hundreds of millions of children around the world are growing up without even the most basic life skills.

The 2018 World Development Report draws on fields ranging from economics to neuroscience to explore this issue, and suggests improvements countries can make. You can get the full report here and to give you a flavor of what’s inside, I’ve pulled out a few of the charts and ideas that I found most striking while reading through it.

Each additional year of schooling raises earnings by 8-10 percent

 

The report sets out several arguments for the value of education. The clearest one for me? It’s a powerful tool for raising incomes. Each additional year of schooling raises an individual’s earnings by 8–10 percent, especially for women. This isn’t just because more able or better-connected people receive more education: “natural experiments” from a variety of countries - such as Honduras, Indonesia, Philippines, the U.S., and the U.K. - prove that schooling really does drive the increased earnings. More education is also linked with longer, healthier lives, and it has lasting benefits for individuals and society as a whole.

Energy prices fell 6 percent in June — Pink Sheet

John Baffes's picture

Energy commodity prices declined 6 percent in June, led by a 7.5 percent plunge in oil, the World Bank’s Pink Sheet said.

Agriculture prices dropped nearly 2 percent, with most groups easing, including food and beverages (down 1 percent each) and raw materials (off 3.5 percent). Fertilizer prices gained 2 percent.

Metals and mineral prices slid 1 percent, led by an 8 percent tumble in iron ore prices. Precious metals prices increased 1 percent.

The Pink Sheet is a monthly report that monitors commodity price movements.

Leveraging Open Source as a Public Institution — New analysis reveals significant returns on investment in open source technologies

Vivien Deparday's picture

Examples abound of leading tech companies that have adopted open source strategy and contribute actively to open source tools and communities. Google, for example, has been a long contributor to open source with projects – such as its popular mobile operating system, Android – and recently launched a directory of the numerous projects. Amazon Web Services (AWS) is another major advocate, running most of its cloud services using open source software, and is adopting an open source strategy to better contribute back to the wider community. But can, and should, public institutions embrace an open source philosophy?

In fact, organizations of all types are increasingly taking advantage of the many benefits open source can bring in terms of cost-effectiveness, better code, lower barriers of entry, flexibility, and continual innovation. Clearly, these many benefits not only address the many misconceptions and stereotypes about open source software, but are also energizing new players to actively participate in the open source movement. Organizations like the National Geospatial-Intelligence Agency (NGA) have been systematically adopting and leveraging open sources best practices for their geospatial technology, and even the U.S. Federal Government has also adopted a far-reaching open source policy to spur innovation and foster civic engagement.

So, how can the World Bank – an institution that purchases and develops a significant amount of software – also participate and contribute to these communities? How can we make sure that, in the era of the ‘knowledge Bank’, digital and re-usable public goods (including open source software, data, and research) are available beyond single projects or reports?

Rising debt and deficits in Emerging Market and Developing Economies (EMDEs) in 5 charts

Ayhan Kose's picture
Debt and budget deficits have risen among emerging market and developing economies since the 2007-2009 financial crisis, rendering these economies more vulnerable to a sharp rise in borrowing costs. Government debt has climbed to 47 percent of GDP in 2016 from 35 percent of GDP in 2007 among emerging market and developing economies, while fiscal deficits have widened to about 5 percent of GDP from roughly 1 percent of GDP over the same period.

Chart: Global Growth Forecast to Reach 2.7 Percent in 2017

Tariq Khokhar's picture

The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies. Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, and growth in emerging market and developing economies as will rise to 4.1 percent this year from 3.5 percent in 2016. Read more and download Global Economic Prospects.

Energy prices fell in May, led by oil, coal – Pink Sheet

John Baffes's picture
Energy commodity prices declined 4 percent in May, led by a 4.3 percent drop in oil and an 11.7 plunge in coal, the World Bank’s Pink Sheet said. Natural gas prices rose 1.6 percent.

Food prices increased 2.4 percent, following gains in key grains (rice and wheat) and edible oils. Beverage prices eased 1 percent due to weak coffee prices. Fertilizer prices receded nearly 6 percent.

Metals and minerals prices slid 2.4 percent, led by an 11 percent tumble in iron ore. Precious metals were off 2.6 percent.  It was the third monthly decline for metals.

The Pink Sheet is a monthly report that monitors commodity price movements.
 
Commodity Prices

Global Economic Prospects in 10 Charts: June 2017

Ayhan Kose's picture
Also available in: Chinese

The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies.  Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, a benefit to their trading partners. Amid favorable global financing conditions and stabilizing commodity prices, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016. Nevertheless, substantial risks cloud the outlook. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth.

Download the June 2017 Global Economic Prospects report.
 
Global growth is projected to strengthen to 2.7 percent in 2017, as expected. Emerging market and developing economies are anticipated to grow 4.1 percent – faster than advanced economies.
 
Global Growth