What is your dream?
Many people living in Peru dream of having a safe, well-built, multi-use bathroom that includes an adjacent area for a shower with a nice shower curtain and mirror and is constructed with bricks and cement, and has a wooden door and window. Sounds ordinary, right?
But for 2.4 million households in Peru this dream is out of reach because they have no access to credit lines, and the only way for them to construct an in-house bathroom would be by paying the entire construction cost upfront. This situation created an unexplored market estimated at $500 million – an amount large enough to attract private sector investors.
Latin America & Caribbean
Not long after I joined the World Bank, I worked on a team assessing the extent and severity of land degradation in El Salvador. As part of this work, I went to visit the site of a soil conservation project that had been implemented a few years earlier and was considered extremely successful. Indeed, the project’s implementation report was full of numbers on linear kilometers of terraces built, and other indicators of success. Once we reached the project site, however, we looked in vain for any sign of a terrace. The terraces had once been there (there were photographs to prove it), but a few years later they no longer were.
That results may not last once a project ends is a constant concern. The extent to which it is actually a problem is hard to assess, however, as there rarely is any monitoring after a project closes.
My job brought me and my family to Lima, Peru 11 months ago. In case you have never visited Lima before, Lima is in many ways, a lovely city – it has fantastic views of the Pacific Ocean (you can surf right from the local beaches), great food, and vibrant neighborhoods, including a historic city center with Spanish architecture and churches. On the other hand, Lima is also know for its terrible traffic, unplanned urban growth, and informality.
As an urban development specialist, I can’t help but wonder how Lima could be better organized so residents can better enjoy all of the services and amenities the city has to offer. Is it possible?
Invited to think of Buenos Aires, most would probably think of elegant cafés, beautiful architecture, passionate football fans, and buzzing streets. Invited to think harder, you might also think of its villas (slums), street children, and other less gleeful views. But no matter how hard you try, very few would associate Buenos Aires with Indigenous Peoples. Yet,
What do they do? What conditions they are living in? What is happening to their unique cultures and languages? Are they losing connection with their ancestral lands? Is the special legislation protecting their collective rights relevant in the cityscape? In sum, how is the city changing them and, inversely, how are they shaping the urban landscape? These and other questions were at the heart of the dialogue I had with graduate students from across the Latin America region in FLACSO – University of Buenos Aires, last week, on the occasion of the presentation of the report Indigenous Latin America in the Twenty-First Century, in Buenos Aires.
Photo: Fernando C. Vieira/Grupo CEEE | Flickr Creative Commons
The PPP Professional Certification, the CP3P, is an extraordinary tool that enables professionals in infrastructure segments around the world to have a common language for terms involved in structuring and managing a Public-Private Partnership (PPP) project. Support for standardizing the process of PPP projects, has improved overall understanding and enabled institutional organizations and governments to successfully model projects and mitigate risks.
The demand for decent, affordable – and safe – housing for growing urban populations is a nagging problem for financially strapped governments throughout the developing world. According to McKinsey & Co., a third of the world’s urban population – 1.6 billion people – will be hard pressed to obtain decent housing by 2025.
, quickly, by strapping themselves inside the myth that it is always better to build new homes rather than strengthening existing ones.
In Colombia, for example, 98% of all housing subsidies fund the acquisition of a new house or apartment; almost nothing goes to retrofitting existing homes to withstand the forces of nature and the tests of time.
While new construction may be a more attractive way to create schools, hospitals, and other public infrastructure, housing is a bigger, more pressing and complicated problem that may have a simpler solution:
It’s not only a more efficient way to deploy limited government subsidies, but also a strategy to leverage these public funds with another private source in reach of governments: homeowners.
Recent conversations I have had about the value of regulation and private participation in telecoms has prompted me to do some quick calculations using the Caribbean as a test case. The results? Market reforms have had significant impacts in the region.
Reforms in the Caribbean began in the late 1980s although start times vary greatly across the region. Drives varied, including prompting by the World Bank Group, by the United States, and by potential private investors. Sometimes leading countries in the region served as examples for others to follow.
The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies. Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, a benefit to their trading partners. Amid favorable global financing conditions and stabilizing commodity prices, growth in emerging market and developing economies as a whole will pick up to 4.1 percent this year from 3.5 percent in 2016. Nevertheless, substantial risks cloud the outlook. These include the possibility of greater trade restriction, uncertainty about trade, fiscal and monetary policy, and, over the longer term, persistently weak productivity and investment growth.
Download the June 2017 Global Economic Prospects report.
Global growth is projected to strengthen to 2.7 percent in 2017, as expected. Emerging market and developing economies are anticipated to grow 4.1 percent – faster than advanced economies.
The city of Medellin has successfully implemented an integrated and multi-sector approach that has included a combination of violence prevention programs and a deep commitment of its people to build a prosperous, inclusive and livable city. For that reason, the experience of Medellin in integral urban transformation and social resilience attracts intense interest from other cities around the world.
This week (May 29 to June 2, 2017), representatives from more than 35 cities are in Medellin sharing different methodologies and experiences with respect to security, coexistence, and resilience. This “Medellin Lab” is the first living laboratory program in Colombia, organized by Medellin’s International Cooperation and Investment Agency (ACI), the World Bank, USAID, and the Rockefeller foundation’s 100 Resilient Cities network.
In this video, Santiago Uribe, the Chief Resilience Officer (CRO) of the City of Medellin, as well as the World Bank’s Senior Director Ede Ijjasz-Vasquez (@Ede_WBG) tell us a bit more about the experience of the Medellin Lab and .
The 2011 World Development Report positioned security as a critical development issue and pointed to the importance of strengthening institutions and governance to provide citizen security, justice, and jobs is crucial to break cycles of violence. Similarly, the World Bank’s flagship report on social inclusion, Inclusion Matters points to the importance of empowering people by transforming institutions to make them more inclusive, responsive, and accountable.
In Cali, Colombia, violence prevention is one of the main aspects of the city’s Resilience Strategy, which recognizes the importance of social inclusion in reducing violence and improving quality of life of the city.
In this video, Vivian Argueta, the Chief Resilience Officer (CRO) of the City of Cali, Colombia, and World Bank Senior Director Ede Ijjasz-Vasquez (@Ede_WBG) discuss Cali’s resilience strategy and its focus on violence prevention.