WASHINGTON, January 24, 2017— The World Bank is forecasting strong gains for
industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand.
In its January 2017 Commodity Markets Outlook, the World Bank is holding steady its crude oil price forecast for the year at $55 per barrel, a 29 percent jump from 2016. The energy price forecast assumes members of the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers will partially comply with an agreement to limit production after a long period of unrestrained output.
The World Bank Group project cycle takes years, getting involved in the proces requires a lot of patience; below a number of helpful tips:
- Build a large network including all relevant stakeholders; local government project authority, (local) World Bank staff and offices, local business, and the Dutch embassies.
- Follow projects and follow-up with (local) World Bank Staff on a regular basis.
- Be patient and approach from a problem solving perspective within the country of execution.
- If possible create a consortium with a local company in country of execution.
- Maintain regular contact with local and federal government agencies discussing future projects.
- Visit the World Bank Group HQ in Washington, D.C. with concrete deliverables and examples of executed projects.
- When in Washington, D.C. be sure to be up to date on the recent developments concerning procurement, structure and general news.
- Is something unclear? Don’t assume. Ask.
Small and medium enterprises (SMEs) employ about half of the workforce in developing countries. SME growth may thus raise incomes for many low-income households. But SMEs often face significant constraints to growth relative to large firms ranging from excessive red tape to limited access to finance.
In this talk, Miriam Bruhn will discuss empirical evidence on commonly used policies for SME growth. Miriam will cover policies that work and policies that don’t in the areas of regulation, access to finance, and business practices. Encouragingly, evidence from Mexico, Georgia, Peru, and elsewhere shows that there are a number of programs that governments can implement to support SME growth. She will also highlight implementation challenges and caveats for some of these policies.
How to join! 12:30 – 2:00 PM, November 8, 2016
Smart City events taking place in November!
Doing Business 2017: Equal Opportunity for All, a World Bank Group flagship publication, is the 14th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies—from Afghanistan to Zimbabwe—and over time.