Many countries struggle with creating more and better jobs, especially when they try to increase the number of women in the labor market. Integrating women from more traditional, rural communities is especially difficult. And, if we are talking about a country with the second lowest female labor participation in the world, it might seem like an impossible task. This is exactly the situation that Hashemite Kingdom of Jordan faced a few years ago, and today they provide an interesting example of how innovative policies can address this challenge.
Global positioning systems (GPS), real time traffic maps, accurate weather forecasts, Uber, self-driving cars…
“Geospatial,” or location-based data has existed for hundreds of years – for example, in street and topographical maps. What’s different is how quickly new information is being gathered and the more sophisticated analytics that is being applied to it, thanks to technological advances.
What was once information only found in the domain of government, military, and select private sector, even up to the 1980s and 90s, has come into broad use over the last 20 years.
This summer, some tens of millions of people in the U.S. traveled to see the total solar eclipse, including a co-author of this blog. Not only was the eclipse amazing – but the drive back from Tennessee to Washington, D.C. showed the integration and impact of geospatial information in our daily lives.
Those of you who have visited Dubai in recent years may relate to what I am going to say: Dubai is in the middle of the desert, and its land, not that long ago, was really worth nothing. Now it is one of the most vibrant international cities in the world. All this happened in a relatively short time span.
There are currently 66 million people forcibly displaced across the globe, 26 million fleeing their countries as refugees and 40 million internally displaced - the worst such crisis since World War II. The Middle East is among the most affected regions with over half the Syrian population forcibly displaced...
Photo: Artit Wongpradu / Shutterstock.com
Islamic finance has been growing rapidly across the globe. According to a recent report by the Islamic Financial Services Board, the Islamic finance market currently stands around $1.9 trillion. With this growth, its application has been extended into many areas — trade, real estate, manufacturing, banking, infrastructure, and more.
However, Islamic finance is still a relatively untapped market for public-private partnership (PPP) financing, which makes the recent publication Mobilizing Islamic Finance for Infrastructure Public-Private Partnerships such an important resource, especially for governments and practitioners.
We’re used to talking about how the failure to invest in water management can impede economic growth, but the positive case for water management investments can be just as compelling. With support from the Israeli government, my colleagues and I recently took a study tour to Israel, and what we saw on the ground showed that combining policy and technology can lead not only to better local water management, but also result in a multi-billion dollar, export-driven industry.
Photo: Ashim D'silva | Unsplash
From “Billions to Trillions”, to the Hamburg Principles and Ambitions, to Maximizing Finance for Development (MFD), Realizing that constrained public and multilateral development bank (MDB) funding cannot fully address the critical challenges that developing nations face, the World Bank Group is pursuing private sector solutions whenever they can help achieve development goals, in order to reserve scarce public finance for when it’s needed most. This is especially true in the delivery of infrastructure.