
The Dominican Republic (DR) — with assistance from the World Bank, Inter-American Development Bank, the Caribbean Development Bank and other institutions — has instilled a clear strategy for economic development. Fortunately, the Dominican Republic is now reaping the fruits of such labor.
Up-to-Date Advances
There are several facets to the economic growth in the Dominican Republic, but two pillars of such growth stand out. As outlined in the Caribbean Growth Forum, two of these pillars are improving business climate and modernizing the public sector, and these well-planed has created extreme progress in the DR.
First Pillar
The speed at which companies seek to register their businesses has decreased from 45 to 7 days. The rate at which property titles are issued and bills for bankruptcy law are finalized both occur much more rapidly. Ultimately, such changes benefit both small and medium-sized enterprises (SMEs) and creditors, since the former has greater borrowing capacity, while the latter has better protection.
The Dominican Republic’s business climate has also improved through the implementation of programs for non-reimbursable seed money to boost entrepreneurship amongst the youth. The Industry and Commerce Ministry created a training pilot to fortify business management practices to over 5000 SMEs.
These initiatives are crucial to empowering bright minds in the community to take risks on business endeavors and successfully manage such startups. Moreover, this also allows for greater attraction of investors, who seek to capitalize on promising entrepreneurial undertakings. SMEs already in existence would, of course, benefit from the training in commercial management.
Loans For Change
A significant stride to improve the business climate in the Dominican Republic came in the form of a $300 million policy centered loan from the Inter-American Development Bank in 2017. This effort seeks to support financial regulations in order to increase productivity, foster the creation of institutions to finance productive development as well as improve protection of contracts and transactions.
Additionally, this plan of action would update administrative processes, facilitate growth in competitiveness and help institutions that focus on promoting innovation and production developments. Finally, the loan would work to reduce evasion and avoidance of social security contributions by strengthening fiscal and social security systems, which would ultimately boost labor formalities.
Second Pillar
According to the World Bank, the Citizen Observatory for Public Procurement and 25 other committees have been created to monitor public contracts. By doing so, the changes would:
- Foster private sector confidence
- Encourage SMEs to participate in public contracting
- Form greater transparency, especially in what is “open procurement”
In 2015, the Inter-American Development Bank financed a $25 million project that worked to develop the Dominican Republic’s fiscal structure. In doing so, the project enables the processes of planning, monitoring and evaluating budgets, and helps modernize the ways of conducting the management of public funds. In addition, the endeavor also fosters greater participation of SMEs — particularly led by women — in public purchases.
What Now?
There are a set of focal points that would illustrate and improve the effectiveness of the strategies regarding the economic growth in the DR. The set includes creating a feedback-loop that would help assess reform implementation and accomplishment of goals, and therefore scale outreach and media interactions with stakeholders and set greater definitions of reforms, their timelines and other indicators of performance.
In the past decade, economic growth in the DR has been achieved through the execution of new strategies of development. These strategies, amongst other details, coincide with the DR’s 2030 National Development Strategy and have set the country on track for continued growth.
A Nation’s Future
The Dominican Republic, with the support of international institutions, is a step closer to accomplishing its goals. Already, the country has experienced success in many vital aspects of its economy’s sustainability, and its potential for continued growth is abundant.
– Roberto Carlos Ventura
Photo: Flickr
New Gas Reserves Could Be a Solution to Egypt’s Energy Needs
Egypt, a nation once plagued by frequent power blackouts, may have found a remedy to its power needs. The discovery of the Noor natural gas field, the largest offshore field in the Mediterranean Sea, could prove a permanent solution to Egypt’s energy needs and put it on the road to self-sufficiency. This discovery could help Egypt become an exporter of natural gas as well as encourage more foreign investment.
To contextualize what kind of impact this discovery is, one need only compare the Zohr natural gas field, which had been Egypt’s largest natural gas field until 2015, and the Noor natural gas field. The Zohr field is approximately 60 square miles and contains around 30 trillion cubic feet of gas. Noor, on the other hand, is about three times the size of Zohr and could contain as much as 90 trillion cubic feet of gas.
Egypt’s Power Problem
The dual threat of ballooning demand and declining production have put a constant strain on the Egyptian energy sector. In 2014, when Egypt endured one of its most dire energy crises, parts of the country experienced six power cuts per day lasting about two hours at a time. Electricity demand was 20 percent greater than power stations could provide.
In large part, gas shortages were due to an uprising against former President Hosni Mubarak in 2011. Divisive political struggles deterred investors and tourists, which in turn caused foreign currency reserves to decline. In order to meet demand, Egypt was forced to sacrifice important gas exports.
Solution to Egypt’s Energy Needs
Noor is instrumental in reducing the gap between total gas consumption in Egypt (4.9 billion cubic feet per day in 2016) and total daily production in Egypt (4 billion cubic feet). In order to meet its energy needs and compensate for excessive consumption, Egypt has been forced to import liquefied natural gas (LNG) at high costs.
In 2015/2016, Egypt purchased 89 cargoes of liquefied natural gas at a staggering $2.2 billion. With the Zohr field, in addition to the newly discovered Noor field, Egypt could end these purchases by the end of next year, according to Egypt’s oil minister Tarek El-Molla. This will enable Egypt to become independent in their natural gas production and make them a net exporter.
How Does This Help
By satisfying local demand, Egypt can spend significantly less on energy. Using those savings, Egypt can invest in improved infrastructure, healthcare and education. By turning to grid-connected gas, Egypt can avoid the fuel subsidies associated with liquid petroleum gas (LPG) use. Fuel subsidies have accounted for anywhere from 18-20 percent of Egypt’s expenditure, an amount equal to 5-7 percent of GDP.
According to the World Bank’s Country Director for Egypt, Hartwig Schafer, “Conversion to piped natural gas will help give households a safer, more reliable and cheaper supply of gas.” As households make the transition from high-subsidized, imported LPG to locally-produced natural gas, the government will save $201 per household per year.
The Noor gas field will not only facilitate Egypt’s transition from a net importer of natural gas to a net exporter, but it will provide the much-needed solution to Egypt’s energy needs by allowing Egyptians to have a reliable source of power at a much lower cost.
– McAfee Sheehan
Photo: Flickr
Hope is on the Horizon for Improving Healthcare in Romania
According to the Euro Health Consumer index, Romania has ranked last in the EU for the past two years regarding healthcare. The country has one of the EU’s highest poverty rates at 19.8 percent; nearly double the EU’s overall poverty rate. Because of the physical and mental restrictions sickness places on a community, healthcare is a basic necessity for lifting people out of poverty. Despite the country’s bleak rankings, improving healthcare in Romania is becoming a reality as foreign assistance and determined locals work toward developing a healthier population and fighting poverty.
Hardships Cause Doctors to Leave
Romania’s population of close to 20 million people has struggled through major changes and hardships over the past few decades. The country transferred from communist control into a constitutional republic and struggled through a financial crisis in 2008. The financial crisis rendered Romania a needy recipient of a $24 billion bailout given through the International Monetary Fund, the European Commission, the World Bank and the European Bank for Reconstruction and Development.
Through these challenging times, many doctors began leaving Romania in search of higher-quality facilities, supplies, hours and pay. This loss of doctors and other medical professionals is sometimes referred to as a brain drain or a medical exodus. Since 2011, the number of family doctors in Romania decreased by 25 percent. Although thousands of doctors and nurses have left Romania, there is still hope on the horizon.
Efforts to Improve Healthcare
Through foreign aid and local perseverance, efforts are underway for improving healthcare in Romania. Several small hospitals in desperate need of infrastructural repairs and supplies are now undergoing renovation. For example, Victor Babes Infectious Diseases Hospital in the city of Timisoara is now undergoing major renovations to improve issues such as rusty furniture, peeling paint and a lack of basic supplies like curtains. Better-equipped medical facilities are also undergoing improvements. Ponderas Hospital in Bucharest is implementing two surgical robots that increase surgical maneuverability and reduce complications.
A centralization effort of improvements is also underway. Affidea and Hiperdia, two large diagnostic imaging companies with over 37 years of combined experience in Romania, merged in 2017. While some fear such a merger omits beneficial competition, others are hopeful that the merger will increase the quality and efficiency of healthcare in Romania. Affidea is active in at least 12 countries in Europe and has more than 5,000 employees.
Affidea’s manager for Romania, Radu Gorduza, declares the merger will bring a golden standard to Romania, which he hopes will inspire others in Romania’s healthcare system. He exhibits a very optimistic view of the situation, saying, “There is so much room for improvement here.” Plans are underway for major renovations and remodeling of waiting rooms to be more patient-friendly, as well as ensuring that employees have empathetic qualities and “soft skills.” Gorduza states that the merger will also improve Romania’s information technology infrastructure by providing remote access to imaging services through telemedicine.
The Implementation of Telemedicine
Telemedicine implementation is an important part of improving healthcare in Romania; half of Romania’s population lives in rural areas, but nearly all of the country’s hospitals are located in urban areas. Remote mountains and the Danube Delta present difficult terrain to travel for many people, and telemedicine is helping to connect doctors with people in these areas without necessitating travel. The EU funded the Romanian government with $19 million for implementing a telemedicine network for people in rural areas; the network was completed at the end of 2015.
Steps are also being taken to incentivize doctors and other medical professionals to stay in Romania rather than joining the exodus of thousands of others seeking better pay and working conditions elsewhere. The incentives include better benefits, higher salaries and reimbursement for participating in telemedicine.
Overall, while healthcare improvements are in the early stages of development in Romania due to the lasting effects of a communist dictatorship and a financial crisis, there are many reasons for Romanians and their allies to be optimistic about the future. Through foreign assistance and local participation, healthcare in Romania is slowly but steadily improving.
– Emme Leigh
Photo: Flickr
Top Facts about Poverty in Spain
Spain is a simultaneous representative of both the success and the struggles of twenty-first century Europe. The Spanish economy was hit particularly hard by the 2008 recession that sent shockwaves throughout global markets. As a result, Spain, along with Greece and Italy, has often been cited as an example of the straining of Eurozone economics. Though Spain remains firmly a developed country, the country’s struggle with poverty should not be overlooked. Here are nine important facts about poverty in Spain.
Nine Facts About Poverty in Spain
In Spain, the reduction of poverty and economic recovery in the wake of the 2008 recession represent great strides for a long-troubled economy. These facts about poverty in Spain show that more people in the country are working, and there are more and more jobs being created. These strides must not be undervalued. However, continued efforts in Spain are needed to reduce poverty and improve the quality of life for all.
– William Menchaca
Photo: Flickr
Top 10 Facts About Poverty in Cameroon
By definition, poverty is a state of being extremely poor, which includes the desperate search for food, water and shelter. Taking a look at poverty from a global perspective, the majority of the poorest countries in the world are in Africa. Facts about poverty in Cameroon is a topic that is overlooked in the media, but it remains extremely relevant to those experiencing it.
10 Facts About Poverty in Cameroon
Among the many facts about poverty in Cameroon that can be discussed, these issues are the most prevalent to those living in these conditions. With assistance from other countries with greater resources and organizations like The World Food Program, Cameroon’s state of poverty could improve drastically.
– Kayla Sellers
Photo: Flickr
Improving Credit Access in Jordan and SMEs
Credit access in Jordan has improved dramatically over the past two years thanks in part to changes in the regulation of funds by the government and the creation of newer, better lending programs across the country.
This year, global indicator, Doing Business has given Jordan’s overall credit access performance a ranking of 159 out of 189 countries, which shows an increase from a dismal 2016 ranking of 185 out of 189 countries. The continued improvement of these numbers will hopefully help Jordan to start pulling itself out of its nine-year stagnation of economic growth.
Background of Credit Access in Jordan
Lack of credit access in Jordan affects all citizens, but especially small and medium-sized enterprises (SMEs). In 2016, SMEs accounted for an estimated 98 percent of all Jordanian business and affected 40 percent of the country’s GDP.
A 2011 survey by the European Bank for Reconstruction and Development (EBRD) reported that 70 percent of SMEs considered themselves ‘credit constrained’ and thus had to put plans of growing and improving their business on hold.
Before the recent creation of new lending systems, SMEs found themselves having to choose between going to one of the many banks in Jordan for a loan and utilizing non-profit microfinance institutions (MFIs). Each of these methods proved to have significant flaws that made accessing credit impractical, if not impossible.
On the one hand, banks found it difficult to work with SMEs as most of them did not have enough collateral to mitigate the risk of providing the smaller business with a loan. On the other hand, while MFIs can provide loans to SMEs without the necessity of collateral, a system of regulation for MFIs did not yet exist within the Jordanian government.
Without regulation, interest rates varied wildly between MFIs, with some of them even going beyond the legal standard. As no clear method of recording credit existed, clients reported receiving the wrong amount of funds.
Remedying the Situation
Providing businesses with alternative forms of funding seems like the best method of helping them cross over the current financial gap. The Jordanian government, as a 2016 Oxford Business Group article reports, has already begun to put forward “initiatives with banks and multilateral institutions to offer more credit to smaller businesses”. The creation of the first credit bureau in Jordan, for example, will hopefully provide a more regulated method of credit access in Jordan than MFIs.
SMEs can also look into more private funding programs. The peer-to-peer lending program liwwa, for example, allows any SME with “business operations that are managed ethically” to apply for loans and, if accepted, campaign to receive loans from an individual or institutional investors. The program also helps regulate these funds by offering such services as negotiating overdue loan repayments with borrowers and investigating the businesses of borrowers to assure qualification. While the program has only processed 305 loans so far, this number can hopefully grow in the future.
The Jordan Loan Guarantee Corporation also provides SMEs with a more accessible finance option by acting as a facilitator between borrowers and investors. Created by a collaboration of USAID with the Overseas Private Investment Corporation (OPIC), this program supports businesses that “(1) have a well-defined marketing opportunity to start-up or expand, (2) need financing to achieve their goal; but (3) lack the collateral banks usually require for making loans” by offering a ‘loan guarantee’ to possible investors (mostly banks in this case). A loan guarantee means that in the case of a borrower defaulting on their loan, a business like JLGC will pay the investor back a large percentage of their investment. So far, the program has issued over 214 loans guaranteed and allowed SMEs to access over $50 million in finances.
Further success in these programs will provide SMEs with the opportunity to expand and thus create more job opportunities for those currently struggling to find employment. Along with this, if credit access in Jordan continues to improve, financially constrained entrepreneurial individuals will have more opportunity to create their business ventures.
Both of the aforementioned benefits can allow even those in poverty to change their social status and become consumers. This, along with expanding businesses, will hopefully improve Jordan’s rate of economic growth.
– Lyz Frerking
Photo: Flickr
Four Significant Examples of Female Empowerment in Rwanda
The Rwandan genocide of 1994 sparked the beginning of female empowerment in Rwanda. After this tragedy, much of the population left in this East African country was made up of women. This enabled them to have a voice in the public sector of Rwanda, empowering all Rwandan women to take a stand for their nation.
Four Examples of Female Empowerment in Rwanda
Female empowerment in Rwanda has come a long way since the genocide in 1994, but it still has a long way to go. Women are now very prominent in the public sector, but it is important that they also gain autonomy in their private lives. Nations around the world should look to Rwanda as a prime example of how much women can accomplish when they are given the chance.
– Megan Maxwell
Photo: Google
Strategies for Economic Growth in the Dominican Republic
The Dominican Republic (DR) — with assistance from the World Bank, Inter-American Development Bank, the Caribbean Development Bank and other institutions — has instilled a clear strategy for economic development. Fortunately, the Dominican Republic is now reaping the fruits of such labor.
Up-to-Date Advances
There are several facets to the economic growth in the Dominican Republic, but two pillars of such growth stand out. As outlined in the Caribbean Growth Forum, two of these pillars are improving business climate and modernizing the public sector, and these well-planed has created extreme progress in the DR.
First Pillar
The speed at which companies seek to register their businesses has decreased from 45 to 7 days. The rate at which property titles are issued and bills for bankruptcy law are finalized both occur much more rapidly. Ultimately, such changes benefit both small and medium-sized enterprises (SMEs) and creditors, since the former has greater borrowing capacity, while the latter has better protection.
The Dominican Republic’s business climate has also improved through the implementation of programs for non-reimbursable seed money to boost entrepreneurship amongst the youth. The Industry and Commerce Ministry created a training pilot to fortify business management practices to over 5000 SMEs.
These initiatives are crucial to empowering bright minds in the community to take risks on business endeavors and successfully manage such startups. Moreover, this also allows for greater attraction of investors, who seek to capitalize on promising entrepreneurial undertakings. SMEs already in existence would, of course, benefit from the training in commercial management.
Loans For Change
A significant stride to improve the business climate in the Dominican Republic came in the form of a $300 million policy centered loan from the Inter-American Development Bank in 2017. This effort seeks to support financial regulations in order to increase productivity, foster the creation of institutions to finance productive development as well as improve protection of contracts and transactions.
Additionally, this plan of action would update administrative processes, facilitate growth in competitiveness and help institutions that focus on promoting innovation and production developments. Finally, the loan would work to reduce evasion and avoidance of social security contributions by strengthening fiscal and social security systems, which would ultimately boost labor formalities.
Second Pillar
According to the World Bank, the Citizen Observatory for Public Procurement and 25 other committees have been created to monitor public contracts. By doing so, the changes would:
In 2015, the Inter-American Development Bank financed a $25 million project that worked to develop the Dominican Republic’s fiscal structure. In doing so, the project enables the processes of planning, monitoring and evaluating budgets, and helps modernize the ways of conducting the management of public funds. In addition, the endeavor also fosters greater participation of SMEs — particularly led by women — in public purchases.
What Now?
There are a set of focal points that would illustrate and improve the effectiveness of the strategies regarding the economic growth in the DR. The set includes creating a feedback-loop that would help assess reform implementation and accomplishment of goals, and therefore scale outreach and media interactions with stakeholders and set greater definitions of reforms, their timelines and other indicators of performance.
In the past decade, economic growth in the DR has been achieved through the execution of new strategies of development. These strategies, amongst other details, coincide with the DR’s 2030 National Development Strategy and have set the country on track for continued growth.
A Nation’s Future
The Dominican Republic, with the support of international institutions, is a step closer to accomplishing its goals. Already, the country has experienced success in many vital aspects of its economy’s sustainability, and its potential for continued growth is abundant.
– Roberto Carlos Ventura
Photo: Flickr
10 Facts About Justice and Human Rights in Palestine
The history that created Israel, Gaza and the West Bank is not brief. The tensions can not be simply put as they require delicate unpacking and care. Until 1948, these three regions were all Palestine; following the Arab-Israeli War of 1947-1948, the land was divided between Jewish Israelis, whose ancestors began migrating to the area in the 1880s, and the Palestinian Arabs whose ancestors had lived in the region for hundreds of years. The dispute over ownership has since led to continued conflict.
Palestine/Israel Conflict
Jewish Israelis lay claim to the land based on a promise from God for a safe haven from widespread hostility to their faith. Palestinian Arabs, whose majority are Muslim but also include Christians and Druze, contest that they are the rightful inhabitants due to the length of their ancestors existence on the land.
Palestinians have been displaced to two regions, Gaza and the West Bank. Under the Oslo peace accords signed in 1993, Gaza was turned over to the newly created Palestinian Authority, to form one wing of an emerging Palestinian state, along with the West Bank and a potential land corridor between them. But two different parties rule these two regions — the militant Hamas controlled Gaza and Fatah ruled the West Bank.
These tensions run deep, and conflict persists. The Israeli government continues to enforce severe and discriminatory restrictions on Palestinian’s human rights, and Palestinian security forces continue to treat their own people with disrespect. Here are the top 10 facts about human rights in Palestine/Israel.
10 Facts About Human Rights in Palestine/Israel
Supporting Humanity
Violence committed with impunity is a trait of no one creed but man; both Israelis and Palestinians violate the human rights of each other and themselves. These top 10 facts about human rights in Palestine/Israel and their total violation do little justice to what it is to live under the weight of so much hate.
“We are of one blood you and I.” This sentiment is as true between the people of Palestine and Israel as it is between those reading this and those suffering from the things discussed in this list. Showing indifference to hate allows it to flourish. Do not support representatives and policies that excuse indifference to crises such as what is happening in Palestine/Israel.
– Carolina Sherwood Bigelow
Photo: Flickr
Improving Girls’ Education in the Central African Republic
Girls’ Education in Comoros
Comoros is located off the coast of East Africa near the northern section of the Mozambique Channel. It is made up of more than 800,000 people spread across three main islands (Grand Comore, Anjouan and Moheli). For years, it has been known as one of the poorest countries in the entire world consisting of inadequate transportation, an increasingly young population and a dearth of natural resources. Even though they are still struggling, they have made strides over the years in many areas, specifically in the light of girls’ education in Comoros.
Dubai Cares
In 2013, Dubai Cares, a philanthropic organization focused on improving children’s access to education in developing countries, chose to launch a program specifically targeting girls’ education in Comoros. The program took the time to educate and train teachers and local authorities on how to create gender-friendly classrooms and teach gender-friendly class material. Furthermore, Dubai Cares made it a central part of their program to raise awareness in the community, specifically in topics such as the demand for quality education and gender disparities.
According to Tariq Al Gurg, the chief executive of Dubai Cares, the program for girls’ education in Comoros was focused on three main goals:
Dubai Cares’ chose these aspects as their focus because they understand the importance of education for women. Girls are consistently tested and faced with obstacles that boys simply do not have to face when it comes to education. It is important to acknowledge the impact that girls’ education in Comoros, and worldwide, can have in the fight against poverty.
Al Gurg, emphasizes the importance of improving upon girl’s education when he states, “It creates a ripple effect of positive change in the community and country. As future mothers and wives, who will play an integral role in nurturing and raising families, these girls hold the key to a future generation of educated and enlightened children.”
Measurable Success
Dubai Cares’ four-year program, implemented by UNICEF, has considerably improved girls’ education in Comoros. The improvements and results include:
Dubai Cares has laid the groundwork for other programs being launched around the world. The Dubai Cares program has created an environment for girls’ education in Comoros that fosters positivity and an eagerness to learn. Comoros is in an amazing position to build off the improvements that have been made.
The Future of Education in Comoros
In July 2018, Dubai Cares announced the launch of another program in Comoros. This one is set to build off of the success of their prior program implemented in 2013. While the last program’s focus was on girls’ education in Comoros, this program’s focus will be on early childhood development (ECD) among all children. The program will also be implementing parenting practices such as the encouragement of appropriate nutrition, hygiene and early educational stimulation. It is set to help at least 269,382 children as well as teachers across all 394 primary schools in Comoros.
Dubai Cares took the initiative to improve girls’ education in Comoros. This focus to fight and foster positive learning environments for all genders has created a building block for all. The success of the 2013 girls’ education program has afforded the opportunity for success in this newly implemented 2018 program focused on early childhood development.
Although Comoros remains one of the poorest countries in the world, they are far more advanced when it comes to understanding the importance of women and a good education. By allowing women the benefits of attaining an education, many doors are being opened for everyone in the community of Comoros. Other countries should take note.
– Emilie Cieslak
Photo: Flickr