Your first reaction to the title of this post may be: “Just when, for the first time in thirty years, Africa’s per capita GDP is growing (see Graph below) at the same rate as all developing countries, why are you asking whether Africa is growing too fast?” The reason is that we would like to know whether this growth is sustainable. Two colleagues at a recent conference on this topic offered some sobering thoughts.
Private Sector Development
In the past, policy advice on promoting trade in Africa may have overstressed the need for African countries to bring down their own trade barriers, such as import tariffs, and insufficiently emphasized the need to improve trade logistics, infrastructure, business competition, and regulation.
Thirty African officials visited China for 12 days in May on a pilot South-South knowledge exchange organized by the Chinese government with assistance from the World Bank. My colleague, Phil Karp, has written about the program, including the study tour around China that he accompanied. I met the officials in Beiji
A few weeks ago I wrote that “many perceive NT2 to be a World Bank hydropower project. From my perspective, that’s inaccurate in every respect. More on that in a future posting.” Following intense pressure from my reading public (thanks, Nanda), it’s time to explain what I meant.
The Grassroots Business Initiative (GBI) is the brainchild of the World Bank Group’s International Finance Corporation (IFC). Launched in 2004, the GBI supports innovative social enterprises – dubbed Grassroots Business Organizations (GBOs) – that directly engage the poor as
The IFC's Rapid Response Unit that is behind the successful Doing Business map has expanded on it and created Business Planet, adding info from their other databases: enterprise surveys (70,000 firms in 104 countries), privatization transactions, and trends in private infrastructure projects.