Until recently, Benin was best known for its cotton exports and its vibrant clothing designs. Since this year it is also the fastest place in the world to start a company. By providing a full online service, the government helped entrepreneurs create businesses and jobs during the pandemic. A third of Benin’s new entrepreneurs are women.
The World Bank has been leading other multilateral development banks (MDBs) and international financial institutions to press developing country governments to ‘de-risk’ infrastructure and other private, especially foreign investments.
The alarms warning against climate inaction have sounded for years. Almost a year into the hardest pandemic and maybe the worst economic recession my generation has seen, expert voices everywhere are claiming this to be the golden opportunity to do something to right our course and even find a silver lining in this unfortunate situation, by funding the economic recovery of COVID-19 with a green stimulus package.
The 2020 election has revealed a deeply divided nation, perhaps at its most divided since the Civil War. Many Americans are still uncertain about how the transition to the new administration will be achieved with a minimum of disruption and perhaps even violence. However, the split between pro and anti-Trump voters is not based on two sets of facts, but on facts and “alternative facts” or falsehoods.
At the beginning of 2020, there were hopes that this would be a ’super year for nature’. It has not turned out that way. Tropical forests, so crucial for biodiversity, the climate and the indigenous communities who live in them, have continued to be destroyed at alarming rates. In fact, despite the shutdown of large parts of the global economy, rates of deforestation globally have increased since last year.
Wealthier countries struggling to contain the widening COVID-19 pandemic amid protests over lockdowns and restrictions risk ignoring an even greater danger out there – a looming global food emergency.
While the COVID-19 pandemic has elevated public health to a top priority in every country in the world, it has left many poorly resourced governments receptive to any and all aid that can provide immediate assistance to help their people.
Girls are change makers and world shapers! When girls speak up, they are a powerful force to be reckoned with.
The COVID-19 pandemic has disrupted nearly every facet of our lives and delayed what was slated to be a landmark Conference of the Parties (COP26). This pivotal year marks the first due date for countries to submit revised national climate plans per the five-year cycle required by the Paris Agreement. Remarkably, countries are still moving forward with renewed urgency. And many countries are integrating green recovery into their COVID-19 responses, further contributing to climate action. While many countries have positive stories to tell, both of our nations, Vietnam and Cambodia, are sterling examples of nations taking strong, decisive action, particularly with support through the NDC Partnership. Just last month, the people of Vietnam submitted their updated national climate plan and, in short order, the people of Cambodia will do likewise.
The International Volunteer Day will approach soon and the 5th of December will become a day to celebrate the actions of millions of volunteers from all over the world, in the south as well in the north of the world.
American democracy has survived a dangerous virus, and it has even come off the ventilator, but whether it will be restored to full health or will suffer for a long time (like a long Covid) from the negative effects of the virus of personality cult, chauvinism, populism, racism, militarism and, yes let’s say it, fascism, remains to be seen.
As many have observed worldwide, the outcome of the US presidential elections has been, as expected - full of hope and fear. Many people had the bad feeling that if Trump were to be re-elected, the uncertainty, already enormous due to the pandemic and its effects, would jeopardize the economic recovery worldwide. The triumph of Democrat Biden does not guarantee great solutions, but at the least offers a little more of transparency, certainty, and stability.
Africa has over
700 companies with an annual revenue of more than $500 million, including 400 with revenue
above $1 billion. The ability of these companies to thrive rests on building and retaining talented women and men.
We have come to the point in the agenda where we must take a ‘deep-dive’ in reviewing the lessons learnt so far in our response to the COVID-19 pandemic, in order to chart a way for the future. But the future, by its very definition, must be relative. Flexibility and change will define policy making and the scope of action needed for development.
The United Nations’ renamed
World Social Report 2020 (WSR 2020) argued that income inequality is rising in most developed countries, and some middle-income countries, including China, the world’s fastest growing economy in recent decades.
Inequality dimensions
While overall inter-country inequalities may have declined owing to the rapid growth of economies like China, India and East Asia, national inequalities have been growing for much of the world’s population, generating resentment.
Across Africa, even in cities with relatively modern infrastructure, many shoppers prefer the informal markets. In our case, both our mothers preferred the fresh produce sold at informal markets by women from the rural areas.
For my entire life, I have been forgotten. I am a Sahrawi refugee, born and raised in the Algerian desert, where my people have remained displaced for 45 years, awaiting the moment when we can finally return to our homeland, Western Sahara.
As a 10 year-old newly arrived in Lagos from England, I recall listening intently to how the Yoruba language - my father's language - was spoken. I would constantly repeat in my head or verbally repeat what I thought I had heard. I was not always successful. Many times, what would come out of my mouth would throw my friends into fits of laughter.
What has happened to the Republican Party? Picking Donald Trump in 2016 as the Republican candidate, giving him victory in primary after primary and later tolerating his idiosyncrasies and unpredictably dangerous behaviour and policy decisions were bad enough however much one tries to digest them as vagaries of the democratic tradition.
Back in May 2019, we were visiting a large garment factory in Arsikere, Karnataka, when we asked some of the workers, “What would you do if you got Saturdays off?” Their responses to this simple question summed up their priorities. A majority said they would spend time with family or friends and take care of their children. Many said they would use this time to relax or do household chores. Only a few said they’d look for additional pay.
This week, 450 public development banks
from around the world met for the Finance in Common Summit at the
Paris Peace Forum. They gathered to discuss how they can direct their combined investments of over USD 2 trillion - 10% of total investments in the world - “to support the transformation or the global economy” and “build new forms of prosperity that take care of people and the planet.”