Photo: User 377053 | Pixabay
The Argentinian presidency of the G20 opens this month and will be marked by a focus on infrastructure investment. The G20 and Organisation for Economic Co-operation and Development (OECD) have already announced a widescale data collection initiative to create benchmarks to monitor the risk-adjusted financial performance of private infrastructure debt and equity investments.
It’s about time.
Investors have hit a roadblock when investing in infrastructure. Until now, none of the metrics needed by investors were documented in a robust manner, if at all, for privately held infrastructure equity or debt. This has left investors frustrated and wary. In a 2016 survey of major asset owners by the EDHEC Infrastructure Institute (EDHECinfra) and the Global Infrastructure Hub, more than half declared they did not trust the valuations reported by infrastructure asset managers. How, under such conditions, can the vast increases in long-term investment in infrastructure by institutional players envisaged by the G20 take place?
Can the ability to sustain rural water systems be captured by a simple score? A new multipurpose four-page tool seeks to measure the likelihood of sustainability by assessing the capacity of a village water committee. Previously, such tools were often either too lengthy and academic or the assessment was left to the discretion of local officials with the risk of omitting critical components. Now a more practical model has been developed that aims to be user-friendly but detailed enough to detect gaps and prioritize interventions for village water committees.
This journey started in a rural village in the district of Karatu, Tanzania where a new water system had just been commissioned. The district water engineer was about to inaugurate the water scheme after a five-day training of the village water committee, giving them full ownership of their water scheme. During the opening ceremony, one question kept puzzling her: “Was the village water committee fully equipped to manage, operate and maintain their newly installed water scheme?”
Bali was the scene for an exciting international event this week, as the World Bank launched the first phase of its flagship Systems Assessment and Benchmarking for Education Results (SABER) initiative in East Asia and the Pacific. Joined by education policymakers from 14 East Asian economies, we presented the first ever region-wide diagnosis of policies in place in East Asian countries and an assessment of how to improve their education systems.
The four-day conference took stock of progress in student achievement levels in the region and beyond, documenting the policies in place in several education policy domains including – information systems, assessment, teacher policies, autonomy and accountability, information and communication technology (ICTs), vocational tracking and tertiary education systems – and compared East Asian education systems. Indonesia’s Minister of Education, Mohammad Nuh, opened the ministerial forum and was joined by education experts from the World Bank, UNESCO, the OECD, the Asian Development Bank, and AusAID, as well as experts from Australia, China, Colombia (represented by former Education Minister Cecilia Maria Velez, pictured above), Japan, Korea and Poland, all of whom shared lessons of successful education reform from their own country experience.
The new buzz words in the World Bank are Open Data. Here, in our blog, we have been championing the cause of Open Data (see New Open Data Initiative Emphasizes Importance of Education Stats) and what it does for knowledge sharing and looking at development solutions for Education systems.
You may know that the President Bob Zoellick (also known as RBZ) recently delivered a pretty inspiring speech at Georgetown University at the end of September. He was advocating for a new perspective for the Bank: “Beyond the Ivory Tower to a New Research Model: Open Data, Open Knowledge, Open Solutions.”