The existing evidence from both cross-country and country case studies on the determinants of foreign bank entry and on the impact of foreign banks on host economies suggests the brick-and-mortar operations of international banks have important implications for competition and efficiency of the local financial sectors and for financial stability and access to credit in the host country (World Bank, 2018). The Global Financial Development Report 2017/2018: Bankers without Borders contributes to the policy dialogue on international banks by summarizing what has been learned so far about: i) the risks and opportunities posed by foreign banks when entering developing countries and ii) under what circumstances host economies can reap most benefits from the entry of international banks.
The communities of Kibaale East, Kamwenge, where I work and stay, lack informal and formal support structures that help girls, survivors and young mothers to cope with gender-based violence (GBV).
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The 8th World Water Forum was held in Brazil a few days ago. What's ironic is that the more than nine thousand of us attending this Forum were discussing water-related issues in a city of three million grappling with a severe water shortage. After checking in at my hotel, the first thing I found in my room was a notice from the Government informing guests of this crisis and recommending ways to reduce water use. We recently learned of the predicament in Cape Town, South Africa, which was on the verge of running out of this essential liquid—a plight facing many cities around the world.
Labor-intensive public works (LIPW) programs are a popular policy intended to provide temporary employment opportunities to vulnerable populations through work-intensive projects, such as the development and maintenance of local infrastructure, that do not require special skills. For a review of LIPW programs (design, evidence and implementation), see Subbarao et al. here. In fragile states, LIPW programs are also presumed to contribute to social and political stability. The developed infrastructure allows for the implementation of other development and peacekeeping activities, while employment opportunities may help prevent at-risk youth from being recruited by armed groups. Despite their popularity and presumed impact on beneficiaries, the evidence base of LIPW programs has been surprisingly weak.
The Development Impact Evaluation (DIME) unit, in collaboration with the Fragility, Conflict and Violence Cross Cutting Solutions Area (FCV-CSSA) and the Social Protection and Labor Global Practice (SPL-GP), is carrying out a multi-country set of 7 Randomized Control Trials (RCTs) of LIPW programs targeting around 40,000 households across 5 countries: Comoros, the Democratic Republic of Congo, Côte d’Ivoire, Egypt, and Tunisia. This initiative is part of a broader research program on Fragility, Conflict and Violence (FCV) — a portfolio of 35 impact evaluations in over 25 countries that focuses on 5 key priority areas: (i) jobs for the poor and at-risk youth; (ii) public sector governance/civil service reforms; (ii) political economy of post-conflict reconstruction; (iv) gender-based violence; and (v) urban crime and violence.
If you are ill and you don’t know about it, it is a bad thing. If you know about it and you don’t do anything about it, it is a tragedy. When it comes to education in developing countries, we know we are ill and yet we are doing little about it.
Each year the World Bank Group and the International Monetary Fund Spring Meetings provide an opportunity for country delegates, global thought leaders and development experts to engage in discussions on key development issues, including education. As in previous years, we invite you to connect, engage and watch education-related events, to gain first-hand knowledge of the latest thinking and developments in the field. By following our online channels, you will be able to directly participate in the various conversations, and virtually interact with our speakers and experts who will answer your questions.
From April 16th through April 22nd, the World Bank Education Team will be live tweeting from the Spring Meetings via our Twitter channel WBG_Education. Please follow us, like and interact with our content, and encourage others to follow our social media coverage by retweeting us!
- In the Atlantic – are Jupyter notebooks going to replace pdfs for scientific papers? Konrad Hinsen discusses, noting that it seems the future isn’t here yet.
- On VoxDev, Daniel Bennett discusses how traditional medicine beliefs can hamper hygiene campaigns, and the results of an experiment which used microscopes to actually show people the microbes in standing water and buffalo dung – this led to improvements in hygiene and child health, but only for those without strong beliefs in traditional medicine in Pakistan.
- From Ifpri, a nice couple of summary notes by Berber Kramer and co-authors on testing picture-based crop insurance – where farmers take regular pictures of their crops throughout the growing cycle, and then these are used to assess damage: there is one note on willingness to pay, adverse selection and moral hazard, and one on the practical feasibility of the approach.
- development impact links
But can we go further, making disasters even ‘duller’ by also releasing finance before a disaster strikes?
UN Under Secretary General for Humanitarian Affairs, Mark Lowcock, recently set out a compelling vision for how the humanitarian system can be improved. He argued that “disasters are predictable… we need to move from today’s approach where we watch disaster and tragedy build, gradually decide to respond, and then mobilise money and organisations to help, to an anticipatory approach, where we plan in advance for the next crises, putting the response plans and money for them before they arrive, and releasing the money and mobilising the response agencies as soon as they are needed…”
The Digital Youth Summit (DYS) is a technology focused conference that takes place annually in Peshawar, Pakistan. In the lead up to the summit, we bring to you the first of our Speaker Spotlights featuring Zaki Mahomed. The upcoming DYS is on April 27-28, 2018. Register now here.
Zaki Mahomed (ZM) is founder & CEO at Pursuit, a new startup based in San Francisco. Pursuit helps people build the lives of their dreams through easy access to skilled immigration programs. Having lived in Karachi, Singapore, Toronto and San Francisco before turning 30 has given him a global perspective on the art and science of building great companies.
Tell me a little about what you are working on now? How did you get started?
ZM: I recently founded and am the CEO of Pursuit. We help highly skilled immigrants access global job opportunities with companies that will sponsor their work visas. We want to live in a world where borders are not barriers to opportunities and employers can seamlessly hire perfect candidates from anywhere in the world.
I started Pursuit because I’ve lived and worked in 5 cities over my career. One of the most satisfying experiences of my career has been hiring immigrants who took a risk on my ideas and companies and moved their entire lives to join us. While fraught with risk, I’ve rarely regretted giving an opportunity to an immigrant and always gotten a committed and loyal worker in return. We want to make it easy for other businesses to be able to provide such opportunities to the type of talent they desperately need!
Specifically, through Pursuit, qualified skilled workers can apply for their immigrant visas and upon approval, get matched with vetted employers looking for their skills. Currently we work with Software Engineers and Developers and we primarily operate in Canada, which is our first market.
What do you think is the future for youth in the tech industry?
Each year, the World Bank offices in Kenya, Rwanda and Uganda host a Blog4Dev contest, inviting young people throughout the country to share their views on a topic of our choosing.