Tag Archives: Restructung

Want More Investment in African Infrastructure? Think Better Quality Institutions

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An Article on How Institutional Reform Can Attract More Private Investment in Infrastructure.

A greater focus on regulatory quality and institutional reforms would bring much-needed extra private sector investment in Sub-Saharan Africa’s infrastructure, a new IFC study finds. Improvements in areas like strengthening the rule of law and lowering corruption levels would boost private investment by up to 0.8 percent of GDP over four years—or $20 billion. The benefits would reverberate across sectors including energy, environment, municipal services, telecommunications, information technology, transportation, and water

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The Birth of a Start-Up Support System

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By Olivier Monnier and Abdoul Maiga

Tired of seeing plastic waste littering the streets of Ouagadougou, the capital of Burkina Faso, engineer Calvin Tiam took matters into his own hands.

With the help of Burkinabé and French research institutes, Tiam developed a technique for making furniture, roofing, and beacons from recycled polyethylene plastic packaging.

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The Parallel Exchange Rate Problem: The World Bank’s Approach to Helping People in Developing Countries

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The deterioration of economic conditions over the past few years and the growinghero_1140x500_exchange_rates.jpg depreciation pressures facing developing countries have led to a rise in the number of countries with active parallel currency markets.  Currently, around 24 emerging and developing economies (EMDEs) have active parallel currency markets. In at least 14 of them, the exchange rate premium—the difference between the official and the parallel rate—is a material problem, exceeding 10 percent (see the table).

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Once again, IDA steps up with flexibility and resources amid crises

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It feels like a lifetime ago, but somehow also like it was yesterday, that the COVID-19 crisisida-hero.jpg descended upon our lives. It caused unimaginable upheaval—reversing gains and creating colossal new demands. As well-resourced countries worked quickly to protect their people, the World Bank’s International Development Association (IDA) stepped up to ensure the poorest people were not left behind in this race to recovery. 

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State and Trends of Carbon Pricing 2023

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STORY HIGHLIGHTSyemen-fscpp

  • Food insecurity is among the most pressing challenges in Yemen and over half of the population is food insecure.
  • Yemen has suffered from a series of food crises and climate change increases the risk of further crises.
  • A food security crisis preparedness plan has been developed to mitigate the impact of future food crises.

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Shaping tomorrow’s debt restructuring system

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STORY HIGHLIGHTSyemen-fscpp

  • Food insecurity is among the most pressing challenges in Yemen and over half of the population is food insecure.
  • Yemen has suffered from a series of food crises and climate change increases the risk of further crises.
  • A food security crisis preparedness plan has been developed to mitigate the impact of future food crises.

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Confronting Geo-economic Challenges: A Conversation with World Bank Group President David Malpass

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As the U.S. continues to experience historically high inflation rates and increasing risks to its economy, it also faces a number of global geoeconomic challenges. These include the end of the era of globalization, rising financial instability and pressures to increase the production of certain strategically important goods for domestic use or export to friendly neighbors. Meanwhile, the U.S. and other countries are also contending with the economic implications of social, political and technological developments, such as population aging, greater competition from abroad, growing inequality, innovation and its impact on the labor market, and the global transition to cleaner energy sources.

On May 22 at Baker Hall, World Bank Group President David Malpass joined John W. Diamond, Director of the Center for Public Finance at the Baker Institute, to discuss the geoeconomic challenges — and opportunities — facing the United States and the world, and how to navigate them.

This event was sponsored by the Baker Institute Center for Public Finance. 

 

 

Shaping tomorrow’s debt restructuring system

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As the debt crisis has unfolded in many of the world’s poorest countries, much attention has debt_blog_shutterstock_1699344271_1140x500.jpgfocused on seeking individual debt restructurings through the G20 Common Framework. This remains a priority, but the implementation remains slow and lacks the predictability needed to provide debtors and creditors with confidence. The Global Sovereign Debt Roundtable and the April 26 World Bank debt conference, Breaking the Impasse in Global Debt Restructuring, discussed effective debt restructurings and debt sustainability.  The conference also addressed how to avoid excessive debt build-up; and pressing questions regarding the debt sustainability implications of a decline of net international reserves into negative territory as countries draw on debt-like instruments such as swap lines. Following this week’s G7 Finance Ministers and Central Bank Governors meeting in Japan, we will publish the initial findings from a recent debt reconciliation initiative, which points to many technical challenges in agreeing on the amounts of debt to be treated in a restructuring.

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