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World Bank on Social Protection in Africa: Can Safety Nets Close the Poverty Gap in Burkina Faso and Ensure Family Welfare?
With focused and courageous policy decisions, Burkina Faso’s government can cover the country’s poor with an effective and efficient safety net. This end is achievable simply by realigning and better targeting existing expenditures. The reallocation of energy subsidies that mainly
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World Bank on Social Protection in Africa: Burkina Faso Mobile Childcare Scheme Could Transform Public Works
Children put to sleep on the ground, exposed to sun, wind and rain near dangerous construction sites – while their mothers work. Women without childcare facilities are falling ever deeper into poverty. Their children are missing school and sometimes watching
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Otaviano Canuto, World Bank: Making Returns on Knowledge – How Innovation Can Flow from Globalisation
The April issue of the International Monetary Fund’s World Economic Outlook (WEO) included a chapter on how globalisation has helped technology leaders’ knowledge spread faster. Cross-border technological diffusion has not only contributed to rising domestic productivity levels in advanced and
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World Bank Group Unveils New Initiatives in Investment Policy and Promotion
For many developing countries, foreign direct investment (FDI) has become the largest source of external finance, surpassing official development assistance, remittances, or portfolio investment flows. In 2016, more than 40% of the nearly $1.75 trillion of global FDI flows was
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Otaviano Canuto, World Bank: Can Services Replace Manufacturing as an Engine for Development?
Manufacturing expansion has been a vehicle for job creation, productivity increases, and growth in non-advanced economies since the second half of the last century. First in Latin America, followed by Asia, and a renewal of production systems in Eastern Europe,
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IFC: Energy Storage Can Open Doors to Clean Energy Solutions in Emerging Markets
For more than a hundred years, electrical grids have been built with the assumption that electricity has to be generated, transmitted, distributed, and used in real time because energy storage was not economically feasible . This is now beginning to
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MIGA (World Bank): FDI – Treading Carefully into Fragile and Conflict-Affected Situations
More than 1.5 billion people – about one in five of the global population – live in what the World Bank Group terms “fragile and conflict-affected situations” (FCS). For many investors, these countries are “no-go” zones due to their weak
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World Bank Group: Remittances – A Vital Channel for Global Cash Flows
Envision the world economy as a complex, interconnected array of financial engines whose propulsion helps reinforce one another’s momentum. One of the component engines is a small but significant one that, until a few years ago, was not recognised for
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World Bank MENA Chief Economist: Towards a New Social Contract in the Middle East and North Africa
By Shanta Devarajan A snapshot of the Middle East and North Africa (MENA) Region today reveals a diverse and discouraging picture (Figure 1). Syria, Iraq, and Libya are suffering from violent conflict that has devastated people’s lives, infrastructure, and national
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Otaviano Canuto, World Bank Group: Navigating Brazil’s Path to Growth
Brazil’s macroeconomic management faces four major immediate challenges. The response to them will be strengthened if economic agents could have some indication of how the Brazilian economy will be steered back to a growth route. The first challenge will be
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