For Better Returns than the U.S. Stock Market, Invest in Education

We all know that education is a sound investment, but just how solid is it? We set to find out, with a comprehensive review that covered trends and patterns from a database of 1,120 estimates in 139 countries spanning nearly seven decades.

The result—a 9 percent average individual return for one extra year of schooling globally, or in other words, 9 percent increase in hourly earnings—is staggering, especially when compared to other investment options available. One such investment many people choose to invest in are United State stocks and bonds. However, when we learned that investors over a five-decade period from the mid-1960s collected only a mere 2.4 percent return, investing in education looks even more solid.

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Q1 2018 update of World Development Indicators available

World Bank buildingThe World Development Indicators database has been updated. This is a regular quarterly update to 1,600 indicators and includes both new indicators and updates to existing indicators.

This release features updates for national accounts, balance of payments, demography, health, labor market, poverty and shared prosperity, remittances, and tourism series. New estimates are also available for electricity-related indicators from the Global Tracking Framework, adjusted net savings, law and regulation towards gender equality from Women, Business and the Law, ownership of financial accounts from the Global Findex, mobile and internet, and education series.

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eC2: Design of Standards and Specifications for Mini-grids Development

Deadline:  07-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) India Energy

Objective: IFC seeks to hire the services of a Consulting firm to support harmonization of technical standards and specifications for private or community operating mini-grid systems in Zambia. For the purposes of this engagement, the working definition of a mini-grid is an interconnected electric power distribution system that can operate independent or/and connected to the main grid and contains some local generation. The technical standards and specifications will comprise a set of clearly documented requirements to be satisfied by mini-grid developers and operators in relation to material choice, system design and service level. These specifications should aim to create a common understanding and basis of expectations among developers, operators, regulators and consumers on the various levels of acceptable service delivery including technical, safety, cost and reliability issues. The work will include development of standards and specifications as needed, institutional arrangement recommendations, and implementation support.

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Pitfalls of Patient Satisfaction Surveys and How to Avoid Them

medical-appointment-doctor-healthcare-clinic-health-hospital-medicine[7]A child has a fever. Her father rushes to his community’s clinic, his daughter in his arms. He waits. A nurse asks him questions and examines his child. She gives him advice and perhaps a prescription to get filled at a pharmacy. He leaves.

How do we measure the quality of care that this father and his daughter received? There are many ingredients: Was the clinic open? Was a nurse present? Was the patient attended to swiftly? Did the nurse know what she was talking about? Did she have access to needed equipment and supplies?

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eC2: Private Health Sector Assessment in Sindh Province, Pakistan

Deadline:  01-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) medical-appointment-doctor-healthcare-clinic-health-hospital-medicine[7]

Objective: (1) assess the status of healthcare provision by private sector entities (for profit and non-profit), including payment mechanisms. (2) analyze the level of private health sector regulations. (3) identify possible options for public private partnerships and service contracting to improve primary health care

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eC2: Technical Consultant – Jamaica Solid Waste – Options Analysis

solid wasteDeadline:  30-Apr-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: The objective of the assignment is for the Technical Consultant to assist IFC in its work for Phase 0 Options Analysis. The Technical Consultant will analyse the main aspects of the project, including assessment of the appropriate form of private sector participation, defining the options for an integrated waste management plan for the entire island, quantifying the cost of such options, identifying the main regulatory and legal requirements for its implementation and together with IFC assess the market interest in the proposed options. The recommended options shall be in line with IFC Environmental and Social Performance Standards that will be made available to the Consultant as part of their work. Should the GoJ decide to proceed with the implementation of the proposed options, the next phase will advance with the structuring of the PPP transaction and drafting of the technical and applicable commercial terms for the tender documents, including the PPP contract, negotiations with bidders, and supporting the implementation the tender process.

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eC2: Developing Agri-finance value proposition and digitizing Agri Value Chains

Deadline:  07-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.) agriculture-youth

Objective: IFC advisory services program for agriculture finance, under the Financial Institutions Group (FIG) department was approved and launched in 2015. The 5-year program works with commercial banks, microfinance banks, non-bank financial institutions such as leasing, insurance companies, and commodity exchanges amongst various players to develop a broad range of financial services for the agriculture sector, including credit, savings and transactional products. The program supports IFC financial institutions clients to increase lending to the agriculture sector and to indirectly create access to finance opportunities for smallholder farmers in Sub-Saharan Africa. IFC Digital Financial Services (DFS) advisory services program, also under the FIG department, supports microfinance institutions (MFIs), banks, and mobile network operators (MNOs) across the African continent to develop and text innovative business models for financial inclusion.

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Spring Meetings 2018: World Bank Group Events Recap

recap-banner-2018It’s Spring Meetings time and we’re on the ground to give you an inside look at the events here in Washington, DC!

On this page, you will find a daily recap of the World Bank Group events, including highlights from high-level panel discussions, Facebook live interviews, roundtables, hangouts and more!

Lock in, don’t look away, amp up your Spring Meetings experience and share this page!

 

A Strong Foundation for Greater Impact

devcomm_leaderDespite expectations that growth will be robust in the near term, developing countries face challenges to keep up the pace of progress and ensure inclusive, sustainable growth amid structural changes to the global economy. The World Bank Group is uniquely placed to address global challenges and help countries achieve their goals in today’s increasingly complex development landscape.

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eC2:GEOHAZARD RISK MANAGEMENT AND RESILIENT ROAD ASSET MANAGEMENT IN BANGLADESH

untitledDeadline:  12-May-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

Objective: The proposed project adopts a systematic approach to assist the Governments of Bangladesh to determine their climate and seismic risks of geo hazard in transport sector. Landslides in Bangladesh have been considered relatively minor compared to flooding. However, with the recent intensified rainfalls during monsoon and unplanned hill cuttings and deforestation in the hill tracts areas, the number of landslides costing people’s lives and properties has been increased in this decade. The project will assess the climate and seismic risks of the roads in Sylhet and Chittagong Hill Tract Districts and identify the highest impact/hot spot areas. Once the priority hotspots are identified, detailed site specific risk assessments will be made and detailed planning process will be conducted with all the relevant specialized agencies. The determination of the hot spots will be done looking at historical evidence on the landscape over time, rainfall data, traffic volume and use by the local communities. Consultations will be conducted with the Local Government Engineering Department (LGED) and other relevant departments including Road Highway Department (RHD). Duration of the assignment is 10 months.

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