To balance debt and development, transparency and purpose are key

Unsustainable debt. Debt distress. Debt trap. These dire terms are once again back in theindex headlines, just a decade after the global financial crisis of 2008-2009.

In the past five years alone, public debt in the poorest countries has increased from 36 percent of GDP to 51 percent of GDP.  In addition, debt-service ratios in some countries are rising at an alarming pace, threatening countries’ ability to invest in much-needed infrastructure, education, health and many other needs crucial for lifting their citizens out of poverty and achieving the international community’s Sustainable Development Goals by their 2030 deadline.

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World Bank Group Finances Mobile App

The World Bank Group Finances free mobile application allows users to quickly access its portfolio of projects, finances, and procurement data.

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Transparency and accountability are essential to the development process at the World Bank Group and central to achieving the bank’s mission to alleviate poverty. The mobile app complements the World Bank Group Finances website.
With this app, you can:

  • Access the World Bank Group’s development activities in one of nine languages (Arabic, Bahasa Indonesia, Chinese, English, French, Hindi, Portuguese, Russian, and Spanish) from any place in the world.
  • Locate and follow the projects in your country of interest financed by the Bank, including the major awarded contracts.app
  • Check the disbursements data, updated monthly, and the contributions to Trust Funds.
  • Get updates on pending projects in the pipeline, as well as latest approved projects.
  • Receive procurement/tender notices and follow business opportunities in more than 100 countries.
  • Engage with the Bank by sharing, following its projects and investments, or reporting back.

 

From ‘Aid to Trade’ agenda in Kenya: an embassy perspective (in Dutch)

This blog was published on the Ministry of Foreign Affairs website for entrepreneurs in developing countries (www.ondernemeninontwikkelingslanden.nl) on July 28, 2015 and written by First Secretary Robert van der Hum of the Netherlands embassy in Nairobi, Kenya.

Almost summer vacation, almost a year that I have lived – with family – and worked in Kenya. A beautiful country to live in, also exciting and adventurous. And certainly very dynamic to work in Kenya: the developments occur rapidly and there is so much to do! A good moment to look back on a first year of working on the ‘Aid to Trade’ agenda, at the economic department of the embassy in Nairobi. -Remainder of article in Dutch-