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.
Millennium Development Goal 3 is to "Promote gender equality and empower women" and is measured against a target to "Eliminate gender disparity in primary and secondary education, preferably by 2005, and in all levels of education no later than 2015" and also includes indicators to measure the proportion of seats held by women in national parliament and the share of women in wage employment in the non-agricultural sector.
Since 1990, the number of women in parliament has quadrupled in the Middle East and North Africa
More women are participating in public life and decision making at the highest levels than in 1990, based on the proportion of parliamentary seats held by women. Latin America and the Caribbean leads developing country regions in 2014, at 29 percent, followed closely by Sub-Saharan Africa at 22 percent. The biggest change has occurred in the Middle East and North Africa, where the proportion of seats held by women more than quadrupled between 1990 and 2014 . At the country level Rwanda leads the way with 64 percent in 2014, higher than the percentage for high- income countries, at 26 percent.
How much food is produced on a plot of land? The answer is central to several pressing questions in agricultural and development economics: How efficiently do smallholders use their labor and land? What interventions are most effective at lifting smallholders out of poverty? Are smallholders better off investing more time and resources on the farm, or intensifying their reliance on off-farm employment? The answers in part depend on the ability to accurately measure crop production. This is why household and farm surveys across the developing world, such as those supported by the World Bank Living Standards Measurement Study – Integrated Surveys on Agriculture (LSMS-ISA) initiative, attempt to obtain precise, within-farm measures of crop production and productivity.
The informal sector is a large part of employment in African cities. The International Labour Organization estimates that more than 66% of total employment in Sub-Saharan African is in the informal sector. With a pervasive informal sector, city governments have been struggling with how best to respond. On the one hand, a large informal sector often adds to city congestion, through informal vending and transport services, and does not contribute to city revenue. Furthermore, informal enterprises are typically characterized by low productivity, low wages and non-exportable goods and services. On the other hand, the informal sector provides crucial livelihoods to the most vulnerable of the urban poor.
For every software developer in the United States, there are five open jobs. Africa, meanwhile, has the youngest, fastest-growing population on earth, with more people joining the labor force over the next 20 years than the rest of the world combined.
With this idea in mind, and the powerful belief that "brilliance is evenly distributed, but opportunity is not," Andela, founded four years ago, began recruiting recent graduates in Africa with the mission of connecting them to job opportunities in high-tech companies. Today, about 650 developers in Lagos, Nairobi, and Kampala work full-time for over 100 firms spread across 45 cities worldwide.
I came to the World Bank in 2003 with 25 years developing country experience − but all in Asia. I knew that I needed to quickly become familiar with other parts of the world, particularly Africa. So I went on a 10-day immersion “course” to Kenya, led and managed by Professor Wangari Maathai’s daughter, Wanjira.
I first met Prof. Maathai in one of her District villages − she was serving as a Member of Parliament and Vice Minister of Environment at the time. I was greeted at that first meeting the same way she greeted me in all subsequent meetings −with smiling eyes showing warmth and true joy in meeting me, and her embrace sending a signal of graceful strength. Our friendship was quickly solidified when she asked me where I was from. Kansas, I had said − and she smiled and told me that she had gone to university and received her bachelor’s degree in biology from Kansas!
At that first meeting, she was surrounded by villagers who loved and honored her. I thought that I was going to see trees and hear about the way the Green Belt Movement engages women to replant degraded and denuded hillsides with indigenous tree seedlings which they raise in village nurseries. Of course that was one part of the day but the primary focus of the Professor was on helping the village deal with the struggle against HIV-AIDS.
She had arranged for the construction of a small shelter for villagers suffering from the disease, and perhaps more importantly, was teaching them to grow nutritious food in the adjacent garden that would help give strength to those who could still lead a reasonably productive life. It was a community effort in an already-impoverished community that was hard hit by HIV-AIDS. Her love for the people and theirs in return was evident at every turn and in every place where initiatives were underway to improve the quality of the lives of the villagers, in part by improving the productivity and services of the surrounding ecosystems. Prof. Maathai was thus a pioneer in applying the concept of protecting and restoring ecosystems as a fundamental element of reducing rural poverty.
An innovative World Bank project with a co-management agreement hopes to make conservation more equitable in one of Mozambique’s most beautiful national parks.
If paradise exists, it looks like central Mozambique’s Bazaruto archipelago. White-sand beaches and sky-high dunes ring Indian Ocean islands draped in forest, savannah, and wetland. Crystal-clear waters support an abundance of marine-life—manta rays, sharks, and whales make their homes amongst the mangroves, beds of algae, and coral reefs.
. The sector is an engine of job creation: , while the share of jobs across the food system is potentially much larger. In Ethiopia, Malawi, Mozambique, Tanzania, Uganda, and Zambia, the food system is projected to add more jobs than the rest of the economy between 2010 and 2025.
We’re pleased to announce support for 12 projects which seek to improve the way development data are produced, managed, and used. They bring together diverse teams of collaborators from around the world, and are focused on solving challenges in low and lower middle-income countries in Sub-Saharan Africa, East Asia, Latin America, and South Asia.
Following the success of the first round of funding in 2016, in August 2017 we announced a $2.5M fund to support Collaborative Data Innovations for Sustainable Development. The World Bank’s Development Data group, together with the Global Partnership for Sustainable Development Data, called for ideas to improve the production, management, and use of data in the two thematic areas of “Leave No One Behind” and the environment. To ensure funding went to projects that solved real people’s problems, and built solutions that were context-specific and relevant to its audience, applicants were required to include the user, in most cases a government or public entity, in the project team. We were also looking for projects that have the potential to generate learning and knowledge that can be shared, adapted, and reused in other settings.
From predicting the movements of internally displaced populations in Somalia to speeding up post-disaster damage assessments in Nepal; and from detecting the armyworm invasive species in Malawi to supporting older people in Kenya and India to map and advocate for the better availability of public services; the 12 selected projects summarized below show how new partnerships, new methods, and new data sources can be integrated to really “put data to work” for development.
This initiative is supported by the World Bank’s Trust Fund for Statistical Capacity Building (TFSCB) with financing from the United Kingdom’s Department for International Development (DFID), the Government of Korea and the Department of Foreign Affairs and Trade of Ireland.
2018 Innovation Fund Recipients
- 2018 Innovation Fund Recipients
- Development Data Innovation Projects
- Social Development
- Agriculture and Rural Development
- Climate Change
- The World Region
- South Asia
- Latin America & Caribbean
- East Asia and Pacific
- Sierra Leone
- Wallis and Futuna Islands
- New Caledonia
- Burkina Faso
- Sustainable Communities