...the street by day and the homeless who lie on the sidewalks by night. The Mövenpick, which opened in 2011, fits the model of a modern international luxury hotel, with 260 rooms, seven floors, and 13,500 square feet of retail space displaying $2,000 Italian handbags and other wares. But it is exceptional in at least one respect: It was financed by a combination of two very different entities: a multibillion-dollar investment company largely controlled by a Saudi prince, and the poverty-fighting World Bank. The investment company, Kingdom Holding Company, has a market value of $12 billion, and Forbes ranks its principal owner, Prince Alwaleed bin Talal, as the world’s 29th-richest person, estimating his net worth at $18 billion. The World Bank, meanwhile, contributed its part through its International Finance Corporation (IFC), set up back in 1956to muster cheap loans and other financial support for private businesses that contribute to its planet-improving mandate. “At the World Bank, we have made the world’s most pressing...
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...admires the autocratic approach of the current regime. Periods of fast, aggressive growth in GDP and individual earnings are followed by sharp recessions – often allied to the demand for, and price of, the petroleum products upon which the country is heavily dependent. Massive displays of conspicuous wealth and consumption are contrasted with the deprivation that can still be found in many second cities and rural areas. There are a lot of cultural issues that need to be factored into any business relationships you are engaged in or contemplating with Russia. The Russian approach to business is very heavily influenced by Russian cultural characteristics and the impact of the Soviet past. In fact, Russia ranks fairly high on the World Bank Group’s index of difficult places to do business. Before starting any business dealings with Russia or Russian companies, it is strongly advised that you do some serious research into the way in which business is executed in the country and gain a thorough understanding of Russian business culture and Russian business etiquette. Look at, and understand, Russian communication styles and their approach to meetings and leadership – this can help you steer your way through the choppy waters of Russian business...
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...development bank o 1.2 Bretton Woods institutions o 1.3 Regional development banks o 1.4 Bilateral development banks and agencies o 1.5 Other regional financial institutions International financial institutions (IFIs) are financial institutions that have been established (or chartered) by more than one country, and hence are subjects ofinternational law. Their owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions (created by two countries) exist and are technically IFIs. Many of these are multilateral development banks (MDB). TYPES Multilateral development bank A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development. MDBs have large memberships including both developed donor countries and developing borrower countries. MDBs finance projects in the form of long-term loans at market rates, very-long-term loans (also known as credits) below market rates, and through grants. The following are usually classified as the main MDBs: • World Bank • European Investment Bank(EIB) • Asian Development Bank (ADB) • European Bank for Reconstruction and Development (EBRD) • Inter-American Development Bank Group (IDB, IADB) • African Development Bank (AfDB) ...
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...2010 اﻟﻤــﺆﺗﻤـﺮ اﻟـﺪوﻟــﻲ اﻷول ﻟﻠﺘﻨـﻤﻴــﺔ ﻓﻲ ﺳـــﻮرﻳــــﺔ دور اﻟﻤﺠﺘﻤـﻊ اﻷهـﻠــﻲ ﻓﻲ اﻟﺘﻨﻤﻴــﺔ 2010 32-42 آﺎﻧﻮن اﻟﺜﺎﻧﻲ/ ﻳﻨﺎﻳﺮ The First Interna onal Development Conference of Syria 2010 Emerging Role of Civil Society in Development 23‐24 January 2010 A Case Study of the AKRSP – Successful Rural Development in Northern Pakistan دراﺳﺔ ﺣﺎﻟﺔ- ﻧﺠﺎح اﻟﺘﻨﻤﻴﺔ اﻟﺮﻳﻔﻴﺔ ﻓﻲ ﺷﻤﺎل اﻟﺒﺎآﺴﺘﺎن Antonia Settle, Sustainable Development Policy Institute, Islamabad, Pakistan أﻧﺘﻮﻧﻴﺎ ﺳﻴﺘﻞ، ﻣﻌﻬﺪ ﺳﻴﺎﺳﺎت اﻟﺘﻨﻤﻴﺔ اﻟﻤﺴﺘﺪاﻣﺔ، إﺳﻼم أﺑﺎد، اﻟﺒﺎآﺴﺘﺎن antonia@sdpi.org This paper may not be distributed or reproduced without permission from the author(s). For references, please cite as follows: “Paper presented at the First International Development Conference of Syria, organised by the Syria Trust for Development, Damascus 23-24 January 2010”. A CASE STUDY OF THE AKRSP – SUCCESSFUL RURAL DEVELOPMENT IN NORTHERN PAKISTAN By Antonia Settle, Sustainable Development Policy Institute, Islamabad, Pakistan. ABSTRACT: There has been a shift in development paradigms reflected in the discourse of international funding bodies, from technocratic aid modalities associated with Washington Consensus models towards a ‘new development paradigm’ that accompanies post-Washington Consensus economic prescriptions. This new development paradigm relies increasingly on NGOs for channeling funds, while granting more space for government regulation and emphasizing participatory approaches. The...
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...BARRIERS CONFRONTING THE DEVELOPMENT OF SMALL AND MEDIUM INDUSTRIES IN NIGERIA BY YEOSUF .A. ABDULRASAQ BEING A SEMINAL PAPER PRESENTED AT 3RD ANNUAL NATIONAL BUSINESS CONFERENCE OF SCHOOL OF BUSINESS STUDIES, FEDERAL POLYTECHNIC, NASARAWA. NASARAWA STATE BETWEEN 21ST AND 23RD APRIL, 2010. ABSTRACT This paper identified the barriers confronting the growth and development of SMIs in Nigeria. An analysis of 150 SMIs, using chi-square technique and percentages, indicates that formal barriers and informal barriers form the most significant barriers for SMI businesses. The environmental barriers were secondary in significance. The government should provided enabling environment for the SMI to grow and develop such as good road, electricity supply, good provision of funds at low interest rate, Reduction in tax and finally, the SMI. Operators should form a support networks among themselves, in term of needs. INTRODUCTION Small and medium Industries (SMIs) have been widely acknowledge as a major divers of economic growth. In most of the developed country, SMIs accounted for 90% of all business enterprises. In china, SMIs are said to be responsible for about 60 percent of the industrial output and employed about 75 percent of the workforce in the urban centres. In spite of all the efforts and support of the succeeding administrations and governments to the developments of SMIs in Nigeria, the SMIs have not played the expected...
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...Zambia has had a long period of political stability. With strong growth in the last decade the country has reached lower middle income status. Investor confidence has been high as evidenced in the successful issue of two Euro bonds. Independent since 1964, Zambia has experienced five successful multiparty elections since the return to multiparty politics in 1991. The latest elections in September 2011, were peaceful, and further strengthened Zambia’s democratic credentials. Zambia has British–style parliamentary democracy. Government consists of the President and the 158-seat national assembly. Elections are held every five years and the presidency is limited to two, five year terms. There are also traditional chiefs and their headmen, who still command a great deal of respect but hold little decision-making power except when it comes to land distribution. Zambia has had a decade of rapid economic growth. A combination of prudent macroeconomic management, market liberalization policies, and steep increase in copper prices helped drive investments in the copper industry and related infrastructure to achieve an average annual growth of about 6.4% during the last decade. Though the economy is dependent on copper, the agriculture sector is the major employer (70% of the population). However, the sector’s potential to contribute to the country’s development remains largely underexploited. The recent rebasing of the national accounts has given a new perspective to the structure...
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...direct assets, resource creation for girls in humanitarian settings, and through research and data disaggregation. Besides that, they are also getting girls on the international development agenda. Ten years ago, girls were widely invisible to the global development community. In 2008, the girl effect launched as a concept to radically change the way policymakers and funders viewed girls’ development issues. Accompanied by a short film that caught the attention of global leaders at the 2009 World Economic Forum, the girl effect has since evolved into a global movement aimed at inspiring and equipping individuals, networks and organizations with the tools and information they need to make the girl effect happen. From the halls of the World Bank to the stage of the Clinton Global Initiative and beyond, the Nike Foundation has partnered with some of the most respected organizations and leaders in the development community toward a vision: that adolescent girls are embedded in – and integral to – the eradication of global poverty. Nike has donated $1 million worth of shoes and clothing to aid people affected by the tornado in Oklahoma in 2013. Nike made its donations through the non-profit organization Good360 to...
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...agenda. “In corporate boardrooms and the offices of CEOs, climate change is a real and present danger. It threatens to disrupt the water supplies and supply chains of companies as diverse as Coca-Cola and ExxonMobil. Rising sea levels and more intense storms put their infrastructure at risk, and the costs will only get worse,” Jim Yong Kim the President of World Bank said. Jim Yong Kim, the 12th President of World Bank called on the government leaders and Institutional investors for a serious act toward the climate change danger and climate mitigation and adaptation projects before it’s too late. “The leaders here in Davos, both from the private sector and from governments, have in their power to act in substantive ways. Now is the time to act for future generations before it is too late.” (Jim Yong Kim, 2014) Kim urged for putting a price on carbon, having financial regulators require companies and financial institutions to assess their exposure to climate related risks and disclose it besides doubling the green bonds which will support efficient energy, renewable energy and carbon emission reduction. (World Bank, 2014) “This is the year to take action on climate change. There are no excuses.” (Jim Yong...
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...Bangladesh on its way to become a middle-income country by 2021 Essay Contents: 1. Introduction : 2. Classification of Countries and What is Meant by MIC: 3. Significance of Becoming a MIC, for Bangladesh : 4. Predictions on Bangladesh Becoming a MIC( International and National Sources ) : 5. Experience of Countries Moving from Low income to Middle Income Status : 6. Recommendations for Bangladesh to Become a MIC : 7. Becoming a MIC( Three Possible Scenarios) : 8. Conclusion : Essay Materials: sHoVoN Still a way to go for a middle-income Bangladesh Author: Fahmida Khatun, CPD Bangladesh’s recent graduation to the World Bank’s lower-middle-income category from a low-income category was only a matter of time. The country experienced steady growth in the 2000s and boosted its per capita income. Its from a mere...
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...This documentary, by the name of Blue Gold takes us all over the world and is a story of exploitation, avarice, success, catastrophe, ambition, and accomplishment. Blue gold is split up into different sections concerning different topics, but in the end all of the sections are connected to each other, in some specific, type of way. Blue Gold begins by explaining a little about the topic of pollution and moves on to talking about how we’re draining all of the water out of from the ground throughout the world. During the documentary it gives a few examples of why this can be a problem, like when sinkholes, that have opened up around the world in cities which lead to the reduction of their watershed. Also, in the documentary, they talk to various farmers and explain that farmers are required to use a certain amount of water otherwise they lose their water rights. It goes on to talk about the relationship between deforestation and soil erosion, explaining how we’re slowly turning our world into a desert, when all we do is literally pump the water from the ground, to use it. The second section talks about urbanization and how big cities and communities are located in places that really, do not have any water. So, when a big city and or large community does not have water they haul water from another location and pipe it to the big cities and or large communities. A big city known as Las Vegas, is a great example of this because the location is basically in the middle of a desert...
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...According to the World Bank, gender equality enhances economic development, improves prospects for future generations and strengthens political and social systems. Though women now comprise more than 40 percent of the world’s labor force, they still lag behind men in terms of earnings and productivity. Women also face greater obstacles when it comes to participation in social and political institutions. Particularly in developing nations, the gender gap hinders economic and social development and destabilizes the political environment. In it’s 2012 World Development Report: Gender Equality and Development, the World Bank suggests four priority areas for improving gender equality. The first is reducing gender gaps in human capital, specifically female mortality and education. Second, improving female access to education and economic opportunities. Third, addressing women’s under-representation in communities and political systems. Finally, understanding how gender inequality applies across generations. These four priority areas help policymakers understand and address problems associated with the gender gap. Many factors are helping alleviate the gender gap and promote gender equality in developing nations. Globalization and increased access to information are providing women with stronger connections to markets and economic opportunities. These factors also contribute to increasing knowledge about women’s roles in other cultures throughout the world. Perhaps most importantly...
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...contributing to economic growth and to the livelihoods of less prosperous people (though generally not the poorest of the poor). According to World Bank estimates, remittances totalled US$414 billion in 2009, of which US$316 billion went to developing countries that involved 192 million migrant workers.[4] For some individual recipient countries, remittances can be as high as a third of their GDP.[4] As remittance receivers often have a higher propensity to own a bank account, remittances promote access to financial services for the sender and recipient, an essential aspect of leveraging remittances to promote economic development. According to some social scientists [5] remittances have social significance that extends well beyond the mere financial dimensions. The World Bank and the Bank for International Settlements have developed international standards for remittance services.[6] In 2004 the G8 met at the Sea Island Summit and decided to take action to lower the costs for migrant workers who send money back to their friends and families in their country of origin. In light of this, various G8 government developmental organizations, such as the UK government's Department for International Development (DFID) and USAID began to look into ways in which the cost of remitting money could be lowered. In September 2008, the World Bank established the first international database of remittance prices. The Remittance Prices Worldwide Database provides data on sending and receiving...
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...A Universal Definition of Small Enterprise: A Procrustean bed for SMEs? SUBMITTED BY KHRYSTYNA KUSHNIR ON WED, 2010-08-11 11:43 Editor's Note: Khrystyna Kushnir is a consultant on micro, small and medium-sized enterprises with the Enterprise Analysis Unit of the World Bank Group. At the G-20 summit in Pittsburgh last year, the assembled authorities agreed to "scale up successful models of small and medium-sized enterprise (SME) financing." The G-20 assigned the IFC and other international organizations to launch a G-20 Financial Inclusion Experts Group and asked the private sector to come up with ideas through G-20 SME Finance Challenge. This increased attention to micro, small and medium-sized enterprises (MSMEs) begs the question -- what, exactly, should be considered an MSME? With the issue of MSMEs playing out on an international level, it is tempting to try to find a universal MSME definition. A universal MSME definition would ease the design of loans, investments, grants and statistical research. One such effort is IFC’s SME Definition Deep-dive Analysis and Recommendations, although it's currently on hold because of internal restructuring. As part of the G-20 follow-up work, IFC is currently working on a 2010 update of the Micro, Small, and Medium Enterprises: A Collection of Published Data. While recording the various definitions of MSME used in 120+ of the most populous world economies, I was struck by the wide range of approaches governments take to define what...
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...EVALUATION OF THE HR POLICY OF THE WORLD BANK | | COURSE CODE AND TITLE: HUM 501 (HUMAN RESOURCE MANAGEMENT) | REGISTRATION NUMBER: SB/MHR/11/0004DATE: 14TH OCTOBER, 2011 | UNIVERSITY OF CAPE COAST SCHOOL OF BUSINESS UNIVERSITY OF CAPE COAST SCHOOL OF BUSINESS TOPIC WHAT IS A HUMAN RESOURCE POLICY? Generally, a policy, according to the Oxford Advanced Learner’s Dictionary, 7th edition (2007), is a plan of action agreed on or chosen by a political party, a business, etc. en.wikipedia.org describes policy as a principle or rule to guide decisions and achieve rational outcome(s). From these definitions, one can therefore deduce that policies are plans of action, principles, or rules which are meant to serve as guidelines to decision making in order to achieve a rational outcome. Policies are generally adopted by the Board of or senior governance body within an organization. That is to say that adopting the policies of any company does not lie with just anybody because policies serve more or less as guidelines as to what should be done and why they should be done; therefore they should come from the senior governing members of an organisation. Policies can be formulated to serve specific people or situations, depending on the purpose for which it must serve. They can come from either the government of a country, board of governors of a company or even an international control body. Human resource policy is a typical example of policies. “Human Resource Policies...
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...World Bank Statement of September 25, 2012 on Padma Bridge English Español Français ﻋﺭﺑﻲ Русский Search GO ABOUT DATA RESEARCH LEARNING NEWS PROJECTS & OPERATIONS PUBLICATIONS COUNTRIES TOPICS News & Views This page in: English PRESS RELEASE MOST POPULAR World Bank Statement of September 25, 2012 on Padma Bridge September 25, 2012 World Bank Statement of September 20, 2012 on Padma Bridge Rethink Role of State in Finance, says World Bank WASHINGTON, September 25, 2012—The World Bank today issued the following statement concerning the Padma bridge project in Bangladesh: Media reports have quoted senior Bangladeshi government officials misrepresenting the World Bank’s position concerning the Padma Multipurpose Bridge Project. We feel obliged to issue the following clarifications: The Bank has shared repeatedly with the Government of Bangladesh credible evidence of corruption involving senior public officials related to the financing of the Padma bridge. This led the World Bank to cancel the US$1.2 billion credit in the absence of a credible response by the government. On September 20, 2012 the government agreed: MEDIA CONTACTS In Washington Angela Walker tel : (202) 4730626 awalker1@worldbank.org Statement by Dr. Jim Yong Kim, President of the World Bank Group World Bank Appoints Kaushik Basu Chief Economist Severe Droughts Drive Food Prices Higher, Threatening the Poor RESOURCES World Bank in Bangladesh...
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