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The Africa Competitiveness Report 2017: Addressing Africa’s Demographic Dividend
(Geneva: World Economic Forum, 2017-05-01) World Economic Forum ; World Bank ; African Development BankWithout urgent action to address low levels of competitiveness, Africa’s economies will not create enough jobs for the young people entering the job market. If current policies remain unchanged, fewer than one-quarter of the 450 million new jobs needed in Africa in the next 20 years will be created. These are among the key findings of the Africa Competitiveness Report 2017, a biennial publication jointly produced by the World Economic Forum, the African Development Bank, and the World Bank Group. Priorities to meet the changing demographics include policy reform to improve the quality of institutions, infrastructure, skills and adoption of new technology. House construction and better urban planning present opportunities for short-term competitiveness gains. The report finds that the ability of Africa’s economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent structural reforms to boost productivity. Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity, and hence future prosperity, of a country. The report, which covers North Africa and Sub-Saharan Africa, comes at a time when growth in most of the region’s economies has been slowing after a decade of sustained growth. Further stagnation is likely in the absence of improvements in the core conditions for competitiveness. Compounding the challenge to Africa’s leaders is a rapidly expanding population. -
Publication
The Africa Competitiveness Report 2015
(Geneva: World Economic Forum, 2015-06-01) World Economic Forum ; World Bank ; African Development Bank ; Organisation for Economic Co-operation and DevelopmentThe Africa Competitiveness Report 2015 comes out at a promising time for the continent: for 15 years growth rates have averaged over 5 percent, and rapid population growth holds the promise of a large emerging consumer market as well as an unprecedented labor force that - if leveraged - can provide significant growth opportunities. Moreover, the expansion of innovative business models, such as mobile technology services, is indicative of the continents growth potential. However, Africa continues to be largely agrarian, with an economy that is underpinned by resource-driven growth and a large and expanding informal sector. Indeed, more than a decade of consistently high growth rates have not yet trickled down to significant parts of the population: nearly one out of two Africans continue to live in extreme poverty, and income inequality in the region remains among the highest in the world. What is more, across sectors - from agriculture to manufacturing and services - productivity levels remain low. It will be necessary to raise productivity across all sectors of the economy to achieve higher growth and create quality employment, and turn this progress into sustainable inclusive growth. -
Publication
The World Bank Group A to Z
(Washington, DC, 2015) World Bank GroupNote: Information in this title reflected the institution at the time of publication and may be subject to change... The World Bank Group (also known as the “Bank Group”) is the largest anti-poverty institution in the world, offering loans, advice, knowledge, and an array of customized resources to more than 100 developing countries and countries in transition. Established in 1944 and headquartered in Washington DC, the Bank Group is a specialized agency of the United Nations that is made up of 188 member countries. It works with country governments, the private sector, civil society organizations (CSOs), regional development banks, think tanks, and other international institutions on a range of issues—from climate change, conflict, and food crises to education, agriculture, finance, and trade—with the sole purpose of meeting two goals: ending extreme poverty by 2030 and boosting shared prosperity of the bottom 40 percent of the population in all developing countries. The World Bank Group A to Z provides ready-reference insight into the history, mission, organization, policies, financial services, and knowledge products of the institution’s five agencies. Each of the more than 200 entries are arranged in encyclopedic A-to-Z format and are extensively cross-referenced to related information in the book. This volume also has a detailed index, reference materials on World Bank Group country membership, organizational charts of the five agencies, and information about how to connect with or work for the institution. Building on previous editions of A Guide to the World Bank, The World Bank Group A to Z has been completely revised and updated to reflect the wide ranging reforms of recent years, including the new World Bank Group Strategy; new approaches to development assistance; the establishment of new Global Practice Groups and Cross Cutting Solutions Areas; and the goal of becoming a “Solutions Bank”, one that will marshal the vast reserves of evidence and experiential knowledge across the five World Bank Group agencies and apply them to local problems. An indispensable guide for anyone interested in understanding what the World Bank Group does and how it does it, this book shows readers who want to learn more where to begin. -
Publication
Financing Africa : Through the Crisis and Beyond
(World Bank, 2011-09-07) Beck, Thorsten ; Maimbo, Samuel Munzele ; Faye, Issa ; Triki, ThourayaFinancing Africa: through the crisis and beyond is a call to arms for a new approach to Africa's financial sector development. First, policy makers should focus on increasing competition within and outside the banking sector to foster innovation. This implies a more open regulatory mindset, possibly reversing the usual timeline of legislation-regulation-innovation for new players and products. It also implies expanding traditional infrastructure, such as credit registries and payment systems beyond banks. Second, the focus should be on services rather than existing institutions and markets. Expanding provision of payment, savings and other financial services to the unbanked might mean looking beyond existing institutions, products, and delivery channels, such as banks, traditional checking accounts, and brick-and-mortar branches. All financial sector policy is local. To reap the benefits of globalization, regional integration, and technology, policy makers have to recognize the politics of financial deepening and build constituencies for financial sector reform. While the challenges of expanding access, lengthening contracts, and safeguarding the financial system are similar, the ways of addressing them will depend on the circumstances and context of each country. With its cautiously optimistic tone, this book creates an opportunity for Africa's policy makers, private sector, civil society, and development partners to harness the progress of the past as a way to address the challenges of the future and enable the financial sector to play its rightful role in Africa's transformation. -
Publication
The Africa Competitiveness Report 2011
(World Bank, 2011) World Economic Forum ; World Bank ; African Development BankThe Africa competitiveness report 2011 comes out as the world emerges from the most significant financial and economic crisis in generations. While many advanced economies are still struggling to get their economies back on a solid footing, Africa has, for the most part, weathered the storm remarkably well. The Africa competitiveness report focuses on harnessing Africa's underutilized resources: skills, female entrepreneurship, and natural and cultural resources. The report also contains in-depth assessments of the state of competitiveness, the impact of foreign direct investment on the continent, and the trade performance of the region, including the potential of increased productivity growth in agriculture and agribusiness. Its final sections provide detailed competitiveness profiles for several African countries. -
Publication
Broadband for Africa : Developing Backbone Communications Networks
(World Bank, 2010) Williams, Mark D. J.Many countries in Sub-Saharan Africa see information and communication technology (ICT) as a necessary foundation for long-term economic development. While the region has been very successful in increasing access to basic voice communications, there has been no comparable improvement in broadband connectivity. In fact, the broadband access gap between Sub-Saharan Africa and the rest of the world is getting wider just as the gap in basic voice communications is getting smaller. Increasing access to broadband connectivity is therefore emerging as a high priority for policy makers across the continent. This book begins with a brief review of the ICT market and considers the extent of demand for broadband and the ICT services that high-capacity backbone networks make possible. This is followed by a review of the existing coverage of backbone networks in the region, a discussion of how this compares with other parts of the world, and an analysis of the possible explanations for the current pattern of network development. Finally, the book presents a set of policy options that governments in Sub-Saharan Africa might consider in promoting the development of backbone networks in their countries.