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Europe and Central Asia

A glimpse into state financial institution ownership in Europe and Central Asia

Aurora Ferrari's picture

State-owned financial institutions (SOFIs) are back in vogue. Although the theoretical and empirical debate on state ownership in finance may continue to sway back and forth, the 2007–08 global financial crisis renewed policy makers’ interest in SOFIs as a policy instrument.

This interest is particularly visible in countries in Europe and Central Asia (ECA), where policy makers have turned to SOFIs for countercyclical interventions, as quantitative easing appears to have little impact on economic growth; the cost of bailing out privately-owned financial institutions has mounted; and many countries face significant fiscal constraints. From the publicly-owned British Business Bank (established to assist smaller businesses), to the Investment Plan for Europe (the “Juncker Plan,” which relies on “National Promotional Banks” to intermediate resources from the European Fund for Strategic Investments), SOFIs have been used to fill perceived gaps or complement the public policy toolkit.

E-justice: does electronic court reporting improve court performance?

Georgia Harley's picture


More and more courts are going digital. But does this improve judicial performance?
 
Legal literature on ‘e-justice’ seems to think so. So too does the World Development Report, ‘Digital Dividends,’ which highlights the potential for ICT to improve the transparency and quality of government service delivery.
 
As electronic court reporting is one key aspect of this trend, we want to take the opportunity to look at the pros and cons of improving judicial performance in different contexts.

Adolescents, gender roles and intimate partner relationships in Moldova

Daniela Misail-Nichitin's picture
The Harmonious Family Relationships course is Moldova’s first, voluntary school-based intervention focused on the prevention of domestic violence

A recent study of 220 10th -12th grade students from the Republic of Moldova revealed that eight in 10 (both male and female) believed that a woman needed to know how to cook and enjoy cooking. When asked what they wanted most from an intimate partner, they spoke of physical aspects, how they looked. The teens also revealed that they believe that a girl who lives with a male partner before marriage is of easy virtue.

Water PPPs that work: The case of Armenia

Dambudzo Muzenda's picture


Photo: VahanN / Shutterstock.com 

Downtown Yerevan. Gusty winds, frosty air. Inside a hotel in the town square, cocktails and canapés, speeches and signatures. On this evening in November 2016, representatives of the State Committee for Water Economy (the Armenian water authority) and Veolia (a large international water operator) gathered to celebrate the signing of a new partnership: a 15-year national lease to provide water and wastewater services for the whole country. The lease began in January 2017, thus marking the start of a “second generation” of water PPPs in Armenia. Solid gains had already been made under the “first generation” between 2000 and 2016. At this crucial juncture, a World Bank study reviewed Armenia’s experience so far and analyzed the way forward under the new national lease.

Has job creation been accompanied by job quality in Turkey?

Ximena Del Carpio's picture


It is often said that job creation in growing economies sacrifices quality for quantity. Skeptics argue that job growth occurs in low-wage occupations and low-productivity sectors, are temporary in nature, and offer precarious conditions.

Such criticism was made in Turkey after the global crisis, when the country experienced rapid job creation and decreasing unemployment - from 12.58% at the peak of the crisis to 8.17% in 2012. 

As unemployment began to rise, the Turkish government put forward a comprehensive plan of incentives to catalyze job creation. But, while more jobs are being created in the formal economy today, a common perception persists that these are mostly poor-quality jobs. But is this perception accurate?
 

Building benchmarks for infrastructure investors: a long but worthwhile journey

Sarah Tame's picture


Photo: User 377053 | Pixabay

The Argentinian presidency of the G20 opens this month and will be marked by a focus on infrastructure investment. The G20 and Organisation for Economic Co-operation and Development (OECD) have already announced a widescale data collection initiative to create benchmarks to monitor the risk-adjusted financial performance of private infrastructure debt and equity investments.

It’s about time.

Investors have hit a roadblock when investing in infrastructure. Until now, none of the metrics needed by investors were documented in a robust manner, if at all, for privately held infrastructure equity or debt. This has left investors frustrated and wary. In a 2016 survey of major asset owners by the EDHEC Infrastructure Institute (EDHECinfra) and the Global Infrastructure Hub, more than half declared they did not trust the valuations reported by infrastructure asset managers. How, under such conditions, can the vast increases in long-term investment in infrastructure by institutional players envisaged by the G20 take place?

How did starting a business become easier than ever?

Frederic Meunier's picture

With more jobs and competitiveness in mind, many economies worldwide have simplified their business start-up rules and regulations over recent years. Since the first Doing Business report was launched 15 years ago in 2003, a total of 626 national reforms that reduced the time and the costs of starting a business were recorded globally.

10 Gov4Dev blog posts from 2017 you don't want to miss!

Ravi Kumar's picture
It’s that time of the year when we look at the blogs we have published over the last 12 months and curate some of the most insightful pieces for you to read.

We also want to thank you for reading, contributing and engaging on what it will take to help governments build capable, efficient, open, inclusive and accountable institutions.

Enhancing the quality of justice: the role of user feedback

Georgia Harley's picture


Courts around the world are increasingly adopting a more citizen-focused, user-friendly approach to justice.  They recognize that user satisfaction is a key dimension of the quality of justice.  And they know that when the courts are attuned to the needs of their users, trust and confidence in the entire justice system grows – bringing with it a range of positive spillover effects for the economy and the society.

But how to improve court user satisfaction? 

First, it requires a detailed understanding of the experience of the court user. 

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