For five years now, the global community has been observing the International Day of Forests on March 21. It is an occasion to celebrate the wide range of economic and social benefits that forests and trees bring to humankind. Since joining the World Cocoa Foundation (WCF) as its president in July 2016, I have been paying lots of attention to forests in West Africa, which is the world’s leading source of cocoa. These tropical forests, and others like them around the world, play an indispensable role in fighting global climate change by storing carbon. They also meet vital local needs, by cooling temperatures, helping generate rainfall, and purifying the air and water. Healthy forests help rural communities thrive. The paradox is that, over the last 10 years, life-giving forests in Côte d’Ivoire and Ghana were felled at an alarming rate as cocoa farmers, faced with challenges such as low prices, climate change, and low productivity, have expanded the land area on which they grow cocoa. The crop, essential for the chocolate and cocoa products that many of us love, is now seen as a major driver of deforestation in these countries.
This was not always the case.
We in the transport sector have an important role to play in helping ensure inclusive development and mobility by removing access barriers. Recent work done in the Pacific Islands provides us with a relevant set of tools which we can be readily applied on our projects to achieve this inclusiveness.
La région du Moyen-Orient et de l’Afrique du Nord (MENA) est le berceau de l’enseignement supérieur, puisque l’on y trouve trois des plus anciennes universités du monde encore en activité : je pense à l’Iran, au Maroc et à l’Égypte (a). L’université d’Al-Quaraouiyine, à Fès, délivre des diplômes depuis l’an 859 de notre ère. En plus d’abriter ouvrages et manuscrits, l’ancienne bibliothèque d’Alexandrie s’est imposée comme un pôle intellectuel sous Ptolémée, attirant des universitaires venus de toute la Méditerranée et d’au-delà. Et c’est dans la région MENA que des penseurs comme Ibn Khaldoun (a) ont inventé l’économie moderne, quatre siècles avant Adam Smith et consorts. Autrement dit, toutes celles et ceux d’entre nous qui ont fait des études universitaires sont redevables aux pays de la région MENA.
The disadvantages young women face in the labor market and in entrepreneurship in developing countries are not only substantial and complex, but they quickly compound. A plethora of forces drive gender disparities in youth employment: lack of opportunities to develop the skills demanded by the labor market, family or social pressure dissuading them from entering desirable jobs or male-dominated sectors, a detrimental work environment, or a lack of available services such as childcare might make achieving success an uphill battle. Yet innovative youth employment programs can respond to gender issues. Below are three examples presented in a recent virtual workshop held by the Solutions for Youth Employment (S4YE) coalition with members of its Impact Portfolio community.
Around the world, roads remain the dominant mode of transport and are among the most heavily-used types of infrastructure, accounting for about 80% of the distance travelled for individuals and 50% for goods.
Despite this intensive use, the funding available for road maintenance has been inadequate, leaving roads in many countries unsafe and unfit for purpose.
To make matters worse, roads are also very vulnerable to climate and disaster risk: when El Niño hit Peru in 2017, the related flooding damaged about 18% of the Peruvian road network in just one month.
It is no surprise then that roads are the sector that will require the most financing. In fact, the G20 estimates that roads account for more than half of the $15 trillion investment gap in infrastructure through 2040.
- Climate Change
- Financial Sector
- Law and Regulation
- Private Sector Development
- Public Sector and Governance
- Urban Development
- Sustainable Communities
- sustainable transport
- sustainable mobility
- maximizing finance for development
- roads and highways
- road safety
- climate change adaptation
- climate resilience
- climate risk
- infrastructure financing
- infrastructure financing gap
- Disaster Risk
- disaster risk management
- public-private partnerships
- private participation
- private participation in infrastructure
- investment guarantees
- Multilateral Investment Guarantee Agency
Pakistan’s Khyber Pakhtunkhwa province, or KP, has not always been recognized as a digital economy. Sharing a border with Afghanistan, the province experienced a period of instability and militancy over several decades that saw outmigration and the decline of private industries. Since then, the province has shown rapid economic growth, advancements in security, improvements in basic health and education, and a renewed sense of optimism.
Today, around half of the province’s population of 30.5 million is under the age of 30, necessitating rapid growth and job creation. In 2014, the Government of Khyber Pakhtunkhwa partnered with the World Bank to develop a strategy for job creation centered on leveraging the digital economy to address youth unemployment.
Addressing youth employment through the digital economy has three key building blocks:
Approximately 50 percent of the global adult population - or 2.5 billion people - are excluded from the formal financial system. Who are the unbanked? The vast majority of these adults are concentrated in the developing world - only a third of South Asians, a quarter of Sub-Saharan Africans, and less than a fifth of Middle-Easterners and North Africans have an account at a formal financial institution (Demirguc-Kunt & Klapper, 2012). Why are these people unbanked? A shortage of money, excessive cost, distance to a bank, and documentation requirements are reported by the unbanked themselves as the main barriers to financial access.
Imagine you were working in development and poverty reduction in the early 1990s (I was!). Only one website existed in all the world in August 1991 (today there are over 1.5 billion). Mobile phones were expensive, rare, and clunky. Very few would anticipate a situation in which India would have more mobile phones than toilets.
To paraphrase Bill Gates: we tend to overestimate the changes that will happen in the short term and underestimate those in the long term.