Published on Voices The private sector can be a powerful partner in West Africa and the Sahel

Economic growth has the power to transform societies, boost prosperity, and enable senegal-farhat-0729citizens to thrive. But for that economic growth to benefit the poorest members of society, it must be accompanied by more and better jobs, one of main routes out of poverty. That is why job creation remains a top development priority—and a critical challenge.

As I prepare to head to Abidjan, Côte d’Ivoire, for the 2019 Development Finance Forum, it is useful to remember that the private sector is a key player in development. A vibrant private sector is a powerful driver of jobs and can underpin sustainable economic growth, fueling innovation and poverty reduction.

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Which Way to Livable and Productive Cities? : A Road Map for Sub-Saharan Africa

For African cities to grow economically as they have grown in size, they must create 9781464814051_pdfproductive environments to attract investments, increase economic efficiency, and create livable environments that prevent urban costs from rising with increased population densification. What are the central obstacles that prevent African cities and towns from becoming sustainable engines of economic growth and prosperity? Among the most critical factors that limit the growth and livability of urban areas are land markets, investments in public infrastructure and assets, and the institutions to enable both. To unleash the potential of African cities and towns for delivering services and employment in a livable and environmentally friendly environment, a sequenced approach is needed to reform institutions and policies and to target infrastructure investments. This book lays out three foundations that need fixing to guide cities and towns throughout Sub-Saharan Africa on their way to productivity and livability.

Download full report here.

 

eC2: Optimal Contribution of Natural Gas in the Indonesian Economy

energyDeadline: 03-Jul-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank seeks the services of an internationally recognized consulting firm to conduct a study on the current and potential contribution of gas to the Indonesian economy as a basis for informing policy directions and specific reforms across a range of industrial, power, transportation and household uses. The work will evaluate the gas value chain in each use of gas to identify the direct and indirect economic benefits and co-benefits of gas use (e.g. pollution abatement, lower carbon, security). It will identify barriers to the optimal use of gas and opportunities to overcome these through policy actions and public investments, including inter alia gas price, allocation and fiscal regulations.

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eC2:Assessment of Contribution of IFC Power Generation Investments to Economic Growth and Employment in Pakistan

Deadline:  25-Apr-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)  Renewable-energy

Objective: The study will assess the relationship between IFC investment in electricity generation, and employment and economic growth in Pakistan. It will have the following two components: 1. At the macro level, the study shall assess quantitatively the impact of the IFC investments on employment and economic growth (including access, prices, reliability). 2.At the micro level the study will focus in detail on 2 projects (selected by the IFC) to quantify their impacts and outline the channels through which these projects had an impact.

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Women and finance: unlocking new sources of economic growth

From basic financial services to board rooms, strengthening women’s role in finance is women-finance-blogpost.jpgone of the keys to boosting economic growth.

In every country, women and men alike need access to finance so that they can invest in their families and businesses.  But today, 42% of women worldwide – about 1.1 billion – remain outside of the formal financial system, without a bank account or other basic tools to manage their money.

Poor financial access makes it harder for these women to get ahead, but it also holds back development in many countries.  This is because women tend to invest more of their money in education, health care and children’s welfare.  These priorities not only strengthen their families but also underpin a society’s long-term strength.

Bangladesh: A STEP towards better Employability

To ensure better employment opportunities for the Bangladeshi labor force, in both local

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and overseas job markets, skills development and vocational education has to be aligned with the market demand. The Skills and Training Enhancement Project (STEP) aims to strengthen public and private training institutions to improve the quality of skills training and employability of trainees, both at home and abroad, including those from disadvantaged socio-economic backgrounds.

Challenges

Bangladesh economy has been registering steady economic growth of around 6 percent over the past decade.  As local and global economic shifts continue toward industry and services, demand for skilled manpower is expected to rise at home and abroad. A labor-surplus country, the Bangladesh government is increasingly focusing on workforce development through technical and vocational education training (TVET). This is a timely response as the country prepares to accommodate and capitalize on the ongoing demographic dividend. However, poor training quality, low employability and inadequate wages plague the TVET sector, requiring interventions for addressing these issues.

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eConsultant2: Mid-term review for the Kenya Investment Climate Program (Phase II)

Deadline: 01-Oct-2015 at 11:59:59 PM (Eastern Time – Washington D.C.)

The Kenya Investment Climate Program (KICP II) is in the middle of its implementation span, and seeks to engage a consulting firm to undertake a Mid-Term Review (MTR). KICP II aims at stimulating private investment (domestic, FDI and PPPs), leading to job creation and economic growth in the country. The MTR will provide an assessment of the program design, implementation progress and results accomplished towards intended targets to date.

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Global Economic Prospects

The World Bank Group published its Global EcInfographiconomic Prospects (GEP) report yesterday, January 13, 2015.

After growing by an estimated 2.6 percent in 2014, the global economy is projected to expand by 3 percent this year, 3.3 percent in 2016 and 3.2 percent in 2017, predicts the Bank’s twice-yearly flagship. Developing countries grew by 4.4 percent in 2014 and are expected to edge up to 4.8 percent in 2015, strengthening to 5.3 and 5.4 percent in 2016 and 2017, respectively.

“In this uncertain economic environment, developing countries need to judiciously deploy their resources to support social programs with a laser-like focus on the poor and undertake structural reforms that invest in people,” said World Bank Group President Jim Yong Kim. “It’s also critical for countries to remove any unnecessary roadblocks for private sector investment. The private sector is by far the greatest source of jobs and that can lift hundreds of millions of people out of poverty.”

Read the World Bank press release here.