scholarly journals Mobilising Finance for Wash: Getting the Foundations Right

2019 ◽  
Author(s):  
Lesley Pories ◽  
Catarina Fonseca ◽  
Victoria Delmon
Keyword(s):  
World Bank ◽  
Financial Management ◽  
Large Scale ◽  
Scale Up ◽  
Short Term ◽  
Sustainable Development Goal ◽  
Public Financial Management ◽  
The World Bank ◽  
External Assistance ◽  
Collective Commitment

Responding to the substantial finance gap for achieving Sustainable Development Goal 6.1 and 6.2, the Water and Sanitation sector has mobilized to launch new blended finance vehicles with increasing frequency. The sustainability and scale-up of financial solutions is intended to support increased access to unserved, marginalized populations. However, without addressing foundational issues in the sector, any finance mechanism, whether public, private or blended, will be a short-term, band-aid solution and the sector will continue the cycle of dependency on external assistance. This paper presents the results of a collaborative effort of Water.org, IRC WASH and the World Bank Water Global Practice. Drawing from the latest research on effective public financial management and based on evidence from the countries where these organizations work, the paper demonstrates that sustainable success in mobilising finance at large scale is dependent on a reasonable level of performance across 10 foundational areas. The paper presents evidence on the 10 foundational areas and discusses why other aspects of finance and governance while necessary are not sufficient. Better coordination amongst all development partners and governments, including a collective commitment to and prioritization of working on these foundational issues, is a necessary first step.

scholarly journals Mobilising Finance for WASH: Getting the Foundations Right

Water ◽  
2019 ◽  
Vol 11 (11) ◽  
pp. 2425 ◽  
Author(s):  
Lesley Pories ◽  
Catarina Fonseca ◽  
Victoria Delmon
Keyword(s):  
Financial Management ◽  
Large Scale ◽  
Sustainable Development Goals ◽  
Scale Up ◽  
Public Financial Management ◽  
The World Bank ◽  
Sanitation And Hygiene ◽  
External Assistance ◽  
Collective Commitment ◽  
Development Goals

Responding to the substantial finance gap for achieving Sustainable Development Goals 6.1 and 6.2, the water and sanitation sector has mobilized to launch new blended finance vehicles with increasing frequency. The sustainability and scale-up of financial solutions is intended to support increased access to unserved, marginalized populations. However, without addressing foundational issues in the sector, any finance mechanism, whether public, private or blended, will be a short-term, band-aid solution and the sector will continue the cycle of dependency on external assistance. This paper presents the results of a collaborative effort of Water.org; the IRC water, sanitation and hygiene sector (WASH); and the World Bank Water Global Practice. Drawing from the latest research on effective public financial management and based on evidence from the countries where these organizations work, the paper demonstrates that sustainable success in mobilising finance on a large scale is dependent on a reasonable level of performance across 10 foundational areas. The paper presents evidence on the 10 foundational areas and discusses why other aspects of finance and governance, while necessary, are not sufficient. Better coordination amongst all development partners and governments, including a collective commitment to and prioritization of working on these foundational issues, is a necessary first step.

Poll will pose short-term hurdle for Zambia's IMF deal

2016 ◽  
Keyword(s):  
World Bank ◽  
Commodity Prices ◽  
Tax Rates ◽  
Short Term ◽  
Content Type ◽  
Investor Confidence ◽  
The World Bank ◽  
Current Account Deficits ◽  
High Inflation ◽  
Power Deficit

Subject Outlook for Zambia's IMF programme. Significance The World Bank in its most recent report expects Zambia's GDP growth to slow to 3.4% this year from 3.6% in 2015. The slowdown is symptomatic of an array of macroeconomic challenges -- including low commodity prices, drought, currency volatility, high inflation, fiscal and current account deficits and rising debt burdens -- that have driven the Patriotic Front (PF) government to seek assistance from the IMF. Impacts Glencore's plans to invest 1.1 billion dollars in its Mopani mine will extend the asset's life, possibly by up to 25 years. The new variable mining tax system, in which tax rates rise and fall depending on global metals prices, will improve investor confidence. The substantial power deficit will persist due to the drought, which is depressing hydroelectricity output, and dilapidated facilities. Recent investments in renewables capacity -- in particular, solar power -- will prove insufficient to mitigate electricity shortages.

Nigeria’s infrastructure backlog could worsen

2017 ◽  
Keyword(s):  
World Bank ◽  
Internal Migration ◽  
Short Term ◽  
Capital Projects ◽  
Content Type ◽  
Finance Minister ◽  
The World Bank ◽  
The World ◽  
Additional Funding ◽  
Alternative Sources

Subject Infrastructure shortfalls. Significance Finance Minister Kemi Adeosun stated on December 11 that Nigeria will release an additional 750 billion naira (2.1 billion dollars) to federal ministries and agencies for implementation of capital projects. Adeosun has previously said the country must explore alternative sources of financing in the short term to deliver critical road, rail and power infrastructural projects. However, there are concerns about whether additional funding will lead to the delivery of such projects; the World Bank recently said that 50 infrastructure public-private partnership (PPP) projects have not met their objectives because they were hastily designed. Impacts Slow-burning conflict between farmers and herdsmen will cause more internal migration to cities, further straining infrastructure. Major infrastructure gaps will be worst in states such as Lagos and Abia, which are struggling to cope with new migrants and residents. Persistent corruption and a 'kickback' culture will result in higher infrastructure delivery and maintenance costs.

scholarly journals Enterprising Women in Southern Africa: When Does Land Ownership Matter?

2020 ◽  
Vol 41 (1) ◽  
pp. 37-51 ◽  
Author(s):  
Zuzana Brixiová ◽  
Thierry Kangoye ◽  
Fiona Tregenna
Keyword(s):  
World Bank ◽  
Land Tenure ◽  
Land Ownership ◽  
Sales Growth ◽  
Short Term ◽  
Female Entrepreneurs ◽  
Access To Credit ◽  
The World Bank ◽  
Enterprise Surveys ◽  
Start Ups

AbstractLimited access to finance remains one of the major barriers for women entrepreneurs in Africa. This paper presents a model of start-ups in which firms’ sales and profits depend on their productivity and access to credit. However, due to the lack of collateral assets such as land, female entrepreneurs have more constrained access to credit than do men. Testing the model on data from the World Bank Enterprise Surveys in Eswatini, Lesotho, and Zimbabwe, we find land ownership to be important for female entrepreneurial performance in terms of sales levels. These results suggest that the small Southern African economies would benefit from removing obstacles to female land tenure and enabling financial institutions to lend against movable collateral. Although land ownership is linked with higher sales levels, it is less critical for sales growth and innovation where access to short term loans for working capital seems to be key.

Market Commodities and Poor Relief: The World Bank Proposal for Health

1996 ◽  
Vol 26 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Asa Cristina Laurell ◽  
Oliva López Arellano
Keyword(s):  
Health Care ◽  
Health Policy ◽  
World Bank ◽  
Capital Accumulation ◽  
Large Scale ◽  
State Intervention ◽  
Public Institutions ◽  
The World Bank ◽  
The World ◽  
Health Related

Investing in Health is the World Bank's blueprint for a new health policy within the context of structural adjustment. While this document includes a broad range of arguments, its implicit premises are neoliberal as can be deduced from its “agenda for action.” Health is defined as a private responsibility and health care as a private good. This leads to a health policy based on two complementary principles: the reduction of state intervention and public responsibility, and the promotion of diversity and competition (i.e., privatization). Thus, public institutions should provide only a limited number of public goods and narrowly defined, cost-efficient forms of relief for the poor. All other health-related activities are considered private duties, to be resolved by the market, NGOs, or families. The World Bank policy provides a pragmatic contribution to efforts to achieve fiscal balance. However, it also pushes to recommodify health care and to turn health into a terrain for capital accumulation through the selective privatization of health-related financial and “discretionary” services. The proposal implies large-scale experimentation and dismantling of public institutions which are the only alternative now accessible to the majority. It rejects health as a human need and a social right, and violates basic values by claiming that life and death decisions can be justly made by the market or through a cost-effectiveness formula.

scholarly journals Role of Actors and Factors for the Emergence of Contemporary Regime of Investor-State Dispute Settlement

2020 ◽  
Vol V (IV) ◽  
pp. 40-47
Author(s):  
Ali Nawaz Khan ◽  
Zaheer Iqbal Cheema ◽  
Jawwad Riaz
Keyword(s):  
Dispute Resolution ◽  
World Bank ◽  
Large Scale ◽  
Dispute Settlement ◽  
Fundamental Aspect ◽  
World Bank Group ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
Dispute Resolution Mechanism

Dispute resolution mechanism happened to be the fundamental aspect of the protectionist discourse of foreign investment. The consistent efforts were rolled out on behalf of international economic organizations such as UNO, OECD and IBRD of World Bank Group for the establishment of an impartial forum for the settlement of investment disputes. The opposite approaches of capital-exporting developed economies and less developed recipients of foreign capital lead certain attempts to failure to build consensus for dispute resolution mechanism relating to foreign investments. The World Bank started its effort for a specialized forum for investor-state dispute settlements in 1961. This effort remained successful in building consensus for exclusive jurisdiction for investment disputes. The members of the World Bank Group adopted the international convention on the settlement of investment disputes between states and nationals of other states, 1965, i.e. ICSID Convention. The paper has concluded that the efforts of international organizations and the large-scale recognition of the ICSID mechanism have ensured the legitimacy of the system.

scholarly journals Issues related to the assistance provided by the World Bank as a modernization partner of the Republic of Moldova

2021 ◽  
pp. 7-18
Author(s):  
Victor Juc ◽  
◽  
Iuliana Stratan ◽  
Keyword(s):  
World Bank ◽  
Technical Assistance ◽  
Political Support ◽  
Republic Of Moldova ◽  
The World Bank ◽  
The World ◽  
External Assistance ◽  
The Republic ◽  
The Government ◽  
Modernization Process

This paper addresses the main issues of World Bank fifi nancing and development assistance in the modernization process of the Republic of Moldova. Investigations show that the country’s political decision-makers are dependent on the World Bank’s advice and sources of technical assistance. At the same time, the allocation of external assistance can work, depending on the country’s policies. This article illustrates how political instability, inconsistency and political support in the implementation of initiated reforms, the interruption of technical assistance from the Government had detrimental consequences on the development objectives proposed by the World Bank during the implementation of the Country Partnership Framework.

The New Face of Neoliberalism

2017 ◽  
Author(s):  
Matteo Rizzo
Keyword(s):  
World Bank ◽  
Public Transport ◽  
Large Scale ◽  
Dar Es Salaam ◽  
Bus Rapid Transit ◽  
Rapid Transit ◽  
Foreign Investors ◽  
The World Bank ◽  
The World ◽  
The Government

This chapter focuses on DART, a Bus Rapid Transit project (BRT): the new face of public transport in Dar es Salaam since operations started in 2016. A PPP funded by the World Bank, DART aimed to transform public transport through large-scale infrastructural work and the introduction of new buses, phasing out daladala from the city’s main public transport routes. The chapter challenges the presentation of BRT as the ‘win–win’ solution to tackling the crisis of public transport in developing countries. A contextualized political economy of DART highlights why the project proceeded so slowly (implementation began in 2002), documenting the capacity of some Tanzanian actors to resist. Tensions over the displacement of existing paratransit operators by foreign investors, the inclusion of the existing public transport workforce, employment destruction, affordability of the new service, and their management by the government are a window into ‘actually existing neoliberalism’ and post-socialism in Tanzania.

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