Small and medium enterprises (SMEs) are the backbone of the economy, being the main contributors to employment in developing and developed countries. Despite their importance, access to finance is relatively limited when comparing to large firms and is a major operating constraint for SMEs. The International Finance Corporation (IFC) estimates that to satisfy the demand by formal SMEs around the world credit had to increase between 900 and 1,100 billion U.S. dollars in 2011.
In a new policy brief (Abraham and Schmukler, 2017), we explore the obstacles to SME finance and some of the solutions that have been put in practice to try overcome them.
The importance of soil health in agrarian societies is indisputable – soil health has a direct relationship with agricultural productivity and sustainability. Yet, its highly complex nature renders it much more challenging to measure than other agricultural inputs, such as fertilizers or pesticides. Household surveys, particularly those in low-income contexts where agriculture is the primary means of livelihood, have generally relied on subjective assessments of soil health – and for good reason. Subjective assessment is relatively inexpensive, and alternative methodological options have historically been prohibitively expensive. Recent advances in rapid low-cost technologies, namely spectral soil analysis, however, have increased the feasibility of integrating objective plot-level soil health measurement in household surveys.
This new Guidebook provides practical guidance for survey practitioners aiming to implement objective soil health measurement via spectral analysis in household and farm surveys, particularly in low-income smallholder farmer contexts. Two methodological experiments, in Ethiopia and Uganda, provide the foundation for this Guidebook. In each study, plot-level soil samples were collected following best-practice protocols and analyzed using wet chemistry and spectral analysis methods at ICRAF’s Soil-Plant Diagnostics Laboratory, in addition to a subjective module of soil health questions asked of the plot manager. The Guidebook offers (i) a comparison of subjective farmer assessments of soil health with laboratory testing, and (ii) step-by-step guidance on how to implement spectral soil analysis in a household- or farm-level survey, from questionnaire design to soil sample collection, labeling, and processing.
The Guidebook is the result of collaboration between the World Bank's Living Standards Measurement Study (LSMS) team, the World Agroforestry Centre, the Central Statistical Agency of Ethiopia, and the Uganda Bureau of Statistics.
As one of over 20 million people who work and live in Beijing, China, I used to find commuting to work in rush-hour traffic rather painful. However, things have changed dramatically since last year. Now I can bypass the traffic by riding a shared bike to the closest metro station and make better use of public transit. Similar change is happening to my family and friends.
The unprecedented booming of dockless shared bikes in China presents a promising solution to the “last-mile problem” that has perplexed city planners for years: providing easier access to the mass transit system while ensuring good ridership. Thanks to the GPS tracking device installed on thousands of dockless shared bikes, city planners in China are now equipped with new and better information to analyze the demand for—and the performance of—public transit systems. For the first time, city managers can clearly map out the attractiveness and accessibility of metro stations by analyzing individual-level biking trips.
Revisiting the scope of TOD. A commonly accepted textbook definition of the core area of TOD is an 800-meter radius around the metro station or other types of public transit hubs. This definition is based on the distance that can be reached by a 10-minute walk. However, the actual catchment of a metro station can reach a 2-3 km radius when biking prevails, as in Demark and Netherland. Our analysis illustrates that a big chunk of biking trips around metro stations even go beyond the 3km radius (see bright blue traces in Figure 1 below). This indicates that the spatial scope of planning and design around the metro stations should be contextualized. Accordingly, the price premium associated with adjacency to public transit service is more likely to be shared by a broader range of nearby real estate properties than expected.
World Bank Global Data Editor & Senior Data Scientist, Tariq Khokhar, introduces a new report on lessons learned while supporting open data in the Bank’s client countries.
When the World Bank’s launched its open data initiative in 2010, we were convinced it was the right thing to do, but unsure what the results would be.
We soon saw that removing the technical and legal barriers to accessing our data triggered a 15-fold increase in its use. From carrying out economic analyses and highlighting gaps in our data, to creating news stories, data visualizations and games - more users, in more places were doing more things with our data than we’d ever seen before.
For many years, financial globalization has been promoted as a vehicle to raise living standards throughout the world, particularly in developing countries. However, a mounting body of empirical literature shows that in practice the effects of financial globalization have been overall mixed; financial globalization has only brought limited positive effects while it has also increased risks.
It’s that time of year again. Some weeks ago, more than two million Tunisian primary, junior high, and high school students headed back to school, just as hundreds of millions of children in northern countries.
As Agriculture Economists who work on advancing the food and agriculture agenda, SDG 2 articulates much of our work in the Sustainable Development agenda and illustrates how food and agriculture are intertwined with poverty reduction. Goal 2 seeks to “End hunger, achieve food security and improve nutrition, and promote sustainable agriculture.”
Without making progress on Goal 2, we can’t achieve the Bank’s twin goals of ending poverty and boosting shared prosperity.
But what does Goal 2 mean, exactly? On the surface, it might seem to be a matter of producing more food in a sustainable way. But a deeper dive into this SDG reveals that it is not quite that simple.