In today’s WSJ Peter Schaefer makes the argument that key to future poverty alleviation is unlocking the “dead capital” or “illiquid savings” of the poor – the capital which is sunk in informal homes and businesses.
If you are reading from Europe, tune in to CNBC Europe during Sunday evenings in June and July to see the second version of the award-wining UNDP sponsored TV series: The Business of Development.
This four part mini-documentary series looks at how sustainable development and corporate social responsibility have become core concerns of international business. The documentary profiles sustainable development projects, best company practices and innovative development partnerships.
The World Bank’s reading list on private participation in education has just been updated. The private provision of education services remains an extremely contentious issue in both developed and developing countries. Being that there is great hope that private education can compensate for the perceived inadequacies of current systems, most of the current debate focuses on how this involvement should occur: grants, vouchers, charter schools or something else?
Poor regulation is the main factor limiting productivity and growth in economies all over the world, particularly in developing countries - this according to the latest research by the McKinsey Global Institute. The solution: regulators need to protect people, not jobs, and stop the practice of trying to pick winners.
On June 1st the IFC announced a $40 million dollar loan to Scancom Limited to boost investment in Ghana’s mobile telecom sector. Such investments are among the most fruitful that institutions such as the IFC can make.