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Tunisia: Looking ahead or back to the future?

Antonius Verheijen's picture

I had the privilege recently to spend an unscheduled hour of discussion with a group of young Tunisians who were visiting our offices. As often, on these occasions it is hard not to get captured by the energy and impatience of the young people in this region. It gives hope that entrepreneurial spirit is really alive and well in a country where reliable private sector services remain otherwise hard to come by, let alone public ones. If one combines the energy of youth with the message in a recent (equally energetic) speech by the Minister of Development to a large group of investors, one gets a sense that Tunisia is, indeed, looking ahead and not to the past.

Yet, as always, reality is far more complex, and often we are confronted with a much gloomier picture of a country that is perceived as, economically, turning inward. This is the case even more so now, as Tunisia is coming under immense pressure to get its public finances in order. This has generated some decisions that go right against the message of openness and dynamism that one gets when meeting with young Tunisians. It all begs the question, for a newcomer like myself, which of the parallel universes is the real one, and, as in a movie, which one ultimately will prevail.

Are public credit guarantees worth the hype?

Sergio Schmukler's picture

Public credit guarantees have become a popular instrument to expand lending to small and medium enterprises (SMEs). More than 30 percent of credit guarantee schemes around the world have some form of state ownership. Public credit guarantee schemes are particularly important in developing countries, where they are the main type of guarantee scheme.

5 things you (probably) didn’t know about the EU’s “Lagging regions”

Thomas Farole's picture

Economic growth does not evenly spread within countries: some regions benefit, while other regions lag behind. This is as true in the European Union (EU) as in most other parts of the world, despite  significant convergence efforts in the EU. The leading regions in Europe have, on average, 2.3 times the GDP per capita of their poorest counterparts.

There are 5 things you (probably) didn’t know about the phenomenon of “lagging regions” within the EU.
 

Watch the Growth of Trade country-level data availability in TCdata360

Reg Onglao's picture

Note: This is the first blog of a series of blog posts on data availability within the context of TCdata360, wherein each post will focus on a different aspect of data availability.

With open data comes missing data. We know that all indicators are not created equal and some are better covered than others. Ditto for countries in which coverage can range from near universal such as the United States of America to very sparse indeed such as Saint Martin (French part).

TCdata360 is no exception. While our data spans across over 200 countries and 2000+ indicators, our data suffers from some of the same gaps as many other datasets do: uneven coverage and quality. With that basic fact in mind, we have set about exploring what our data gaps tell us — we have 'data-fied' our data gaps so to speak.

In the next few blogs we'll explore our data gaps to identify any patterns we can find within the context of the TCdata360 platform[1] — which countries and regions throw up surprises, which topics are better covered than others, which datasets and indicators grow more 'fashionable' when, and the like. In this first blog, we’ll look at data availability at the country level.

Getting to financial close on PPPs: Aligning transaction advisor payment terms with project success

Marc-André Roy's picture


Photo: Jakob Montrasio | Flickr Creative Commons

Getting to commercial close on a Public-Private Partnership (PPP) transaction is a major milestone. But the deal is far from done. Getting from commercial close to financial close involves satisfying a long list of PPP contract Conditions Precedent, the terms, and conditions of lenders, among other requirements. The process is tricky and involves a lot of heavy lifting, particularly in emerging markets where the market for PPPs and supporting institutional structures may not yet be robust. None of this is news.   

Yet too often, good PPPs are jeopardized by inadequate resourcing beyond achieving commercial close —especially in emerging markets. CPCS has experienced this firsthand as transaction advisors advising governments on PPP deals in developing economies.

Challenges and opportunities of urbanization in India

Divya Gupta's picture

India’s leading urban thinkers and practitioners gathered earlier this month, on November 1, 2017, in New Delhi to discuss “Challenges and Opportunities of Urbanization in India,” at a Roundtable Discussion organized by the World Bank Group. The event was chaired by Ede Ijjasz-Vasquez, Senior Director, Global Practice for Urban, Social, Rural and Resilience, World Bank.


 
“India's urban trajectory will be globally important,” said Vasquez in opening remarks, underscoring the strong link between the country’s economic trajectory and how it urbanizes, particularly over the next two decades. “It’s progress on poverty elimination, efficiency and growth of the economy, health of urban residents, climate emissions will all have a very important bearing, not just for India, but globally.”

Lao PDR’s transition on the path to Universal Health Coverage

Somil Nagpal's picture
A mother brings her baby to Mitthaphap Hospital for a checkup. Photo: World Bank Lao PDR
On this Universal Health Coverage (UHC) Day, it is striking to us, working in Lao PDR’s health sector, of the progress the country has made on its journey towards UHC this year.

Digital innovation brings development and humanitarian work closer together

Priya Chopra's picture
Photo: UNMISS/Flickr
Humanitarian and development efforts serve two distinct and complementary objectives. Humanitarian work focuses on responding to emergency situations in the immediate aftermath of a crisis. Development, on the other hand, takes a longer-term approach that seeks to address the social and economic aspects of crises, especially as they become protracted.

Following milestones such as the World Humanitarian Summit, the momentum is strong for humanitarian and development communities to work together in complementary ways—not in sequence—to bridge the humanitarian-development divide. Development institutions are engaging much earlier than in the past, emphasizing the need to focus more on prevention and building resilience where they can play an active role.

Thanks to Information and Communication Technologies (ICT), we now have new ways of bridging the divide and integrating these two efforts. First, ICT platforms can bring development partners together to analyze, design, and track progress in a more unified and efficient way. They also offer an integrated system where multiple communication channels can operate at the same time. As a result, the notion of “continuous” development, whereby development experts pick up the work where humanitarian agencies left off, is progressively giving way to “contiguous” development, which offers humanitarian and development teams a chance to work more closely together.

Sharing Paradise: Nature-Based Tourism in Mozambique

André Rodrigues de Aquino's picture
Aerial shot of Bazaruto's clear blue waters. Photo: Andre Aquino/World Bank


An innovative World Bank project with a co-management agreement hopes to make conservation more equitable in one of Mozambique’s most beautiful national parks.
 
If paradise exists, it looks like central Mozambique’s Bazaruto archipelago. White-sand beaches and sky-high dunes ring Indian Ocean islands draped in forest, savannah, and wetland. Crystal-clear waters support an abundance of marine-life—manta rays, sharks, and whales make their homes amongst the mangroves, beds of algae, and coral reefs.


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