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Critically constrained public resources on the one hand, and huge existing infrastructure needs for basic services on the other, make private participation in emerging markets and developing economies (EMDEs) not just critical, but in fact, imperative. Crowding in private finance is essential to spur economic development and meet the twin goals of shared prosperity and elimination of extreme poverty, as well as to achieve the Sustainable Development Goals.
The Private Participation in Infrastructure (PPI) Database, with data spanning over almost 27 years, has become a powerful tool and measure for gauging the level of private investment in infrastructure in EMDEs.
Solar’s growing share of the energy mix is being driven by better storage capacity and attractive generation costs. Large solar parks are now competitive with most alternatives; their average cost is below 5 cents per kilowatt-hour in some developing countries. Smaller-scale solar grids are also getting more competitive, opening new paths to financing this clean energy source. With rapid improvements in energy efficient lighting, refrigeration, water pumps, and other technologies for households, solar may soon be as game-changing as mobile phones have been in the last decade.
Solar’s potential is evident from its quick growth in India, where installed capacity recently topped 20 gigawatts (GW), putting the country closer to its ambitious target of 100 GW from clean energy by 2022 (an amount comparable to total installed capacity in the United Kingdom).
The Digital Youth Summit (DYS) is a technology focused conference that takes place annually in Peshawar, Pakistan. In the lead up to the summit, we bring to you the first of our Speaker Spotlights featuring Aurélie Salvaire. The upcoming DYS is on April 27-28, 2018. Register now here.
Aurélie Salvaire (AS) is a French author and social entrepreneur passionate about gender and narratives. She has been working for the past 10 years in the social innovation field, collaborating with Oxfam, Ashoka, Unreasonable Institute and Impact Hub. She is also a very active speaker and trainer, promoting greater diversity and shedding light on lingering stereotypes through her platform Shiftbalance. She recently shot a 28 minutes documentary on masculinity in Pakistan called Maard Ban (Be a man).
Tell me a little about what you are working on now? How did you get started?
AS: Majority of my activities is now on Shift balance – Our NGO was initially registered in Spain, but our activities are worldwide. We do lot of trainings and workshops mostly on leadership and empowerment for young girls around the world.
We have been working mostly in Pakistan the last year with different schools, universities, and companies, teaching young girls about storytelling - how to tell their stories, how to be more confident in the public and how to believe in themselves.
I recently shot a documentary on masculinity called “Maard Ban” as a part of the “Be a Man” series. Our book, “Balance the world”, published and designed in Pakistan, is an anthology of solutions to balance the world. The idea of transforming everybody into a balance maker is what drives me - to be sure that everybody at their own level can contribute to gender equity.
What do you think is the future for youth in the tech industry?
AS: We know that 80% of the jobs will require technological skills. We know that technology is shaping our future, so it’s extremely important that young people get involved in tech so that the technology in future is shaped for their needs. For me, one of the great assets is that technology breaks hierarchies. 60% of the population is under 30 years old in Pakistan. This makes them very accessible to technology and open to what is going around in the world, and they will shake the structures of power.
Are judicial reforms worth doing? It turns out, we cannot be sure, but we have a story to tell about a reform, its impact, and the impact of having measured that impact.
In the sustainable development goals (SDGs) era, the imperative to finance the development agenda from domestic resources has been amplified. Irrespective of a government’s best intentions to achieve universal health coverage (UHC), without adequate financing from its national budget, minimal progress will be made. This is in stark contrast to the Millennium Development Goals (MDGs) era (from 2000- 2015) where emphasis was on effective development cooperation (EDC). And when it comes to achieving UHC, financing is actually only part of the role ministries of finance can play. Indeed, in a recent Lancet article, H.E Taro Aso, Deputy Prime Minister and Finance Minister of Japan, pointed out that the finance ministry’s “crucial role in Japan’s UHC achievement has not been adequately highlighted”.
We're delighted to release the 2017 Global Findex, the third round of the world's most detailed dataset of how adults save, borrow, make payments, and manage risk.
Drawing on surveys with more than 150,000 adults in more than 140 economies worldwide, the latest Global Findex features new data on fintech transactions made through mobile phones and the internet. It also provides time series updates for benchmark financial inclusion indicators.
The data shows that financial inclusion is on the rise globally, with 1.2 billion adults opening accounts since 2011, including 515 million in the last three years alone. That means 69 percent of adults globally have an account, up from 62 percent in 2014 and 51 percent in 2011. We see that Fintech, or financial technology, plays a progressively greater role in countries like China, where 50% of account owners use a mobile phone to make a transaction from their account. Compared to 2014, twice as many adults in Brazil and Kenya are paying utility bills digitally.
The existing evidence from both cross-country and country case studies on the determinants of foreign bank entry and on the impact of foreign banks on host economies suggests the brick-and-mortar operations of international banks have important implications for competition and efficiency of the local financial sectors and for financial stability and access to credit in the host country (World Bank, 2018). The Global Financial Development Report 2017/2018: Bankers without Borders contributes to the policy dialogue on international banks by summarizing what has been learned so far about: i) the risks and opportunities posed by foreign banks when entering developing countries and ii) under what circumstances host economies can reap most benefits from the entry of international banks.
The communities of Kibaale East, Kamwenge, where I work and stay, lack informal and formal support structures that help girls, survivors and young mothers to cope with gender-based violence (GBV).
Also available in Español
The 8th World Water Forum was held in Brazil a few days ago. What's ironic is that the more than nine thousand of us attending this Forum were discussing water-related issues in a city of three million grappling with a severe water shortage. After checking in at my hotel, the first thing I found in my room was a notice from the Government informing guests of this crisis and recommending ways to reduce water use. We recently learned of the predicament in Cape Town, South Africa, which was on the verge of running out of this essential liquid—a plight facing many cities around the world.
Labor-intensive public works (LIPW) programs are a popular policy intended to provide temporary employment opportunities to vulnerable populations through work-intensive projects, such as the development and maintenance of local infrastructure, that do not require special skills. For a review of LIPW programs (design, evidence and implementation), see Subbarao et al. here. In fragile states, LIPW programs are also presumed to contribute to social and political stability. The developed infrastructure allows for the implementation of other development and peacekeeping activities, while employment opportunities may help prevent at-risk youth from being recruited by armed groups. Despite their popularity and presumed impact on beneficiaries, the evidence base of LIPW programs has been surprisingly weak.
The Development Impact Evaluation (DIME) unit, in collaboration with the Fragility, Conflict and Violence Cross Cutting Solutions Area (FCV-CSSA) and the Social Protection and Labor Global Practice (SPL-GP), is carrying out a multi-country set of 7 Randomized Control Trials (RCTs) of LIPW programs targeting around 40,000 households across 5 countries: Comoros, the Democratic Republic of Congo, Côte d’Ivoire, Egypt, and Tunisia. This initiative is part of a broader research program on Fragility, Conflict and Violence (FCV) — a portfolio of 35 impact evaluations in over 25 countries that focuses on 5 key priority areas: (i) jobs for the poor and at-risk youth; (ii) public sector governance/civil service reforms; (ii) political economy of post-conflict reconstruction; (iv) gender-based violence; and (v) urban crime and violence.