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World Economic Forum Launches Platform to Map Global Transformation

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Today the World Economic Forum opens access to its Transformation Maps – a dynamic knowledge tool covering more than 100 industries, countries and issues shaping the modern world.

The Forum’s Transformation Maps were first developed in 2015 as a tool for understanding and visualizing industries, countries and issues, and how they interact with and disrupt each another. Since then, 125 maps have been created and used to inform work across the Forum’s 14 System Initiatives as well as strategic decision-making by governments and businesses around the world.

In making the maps public, the Forum seeks to foster wider understanding of the complex forces shaping the world in the early stages of the Fourth Industrial Revolution. It also aims to encourage more people to contribute ideas and solutions to the critical challenges the world faces.

Most of the maps are co-curated by a leading university, think tank or international organization. The Forum has also developed its own proprietary advanced network analytics and artificial intelligence technologies to further enhance its knowledge-curation capabilities.

“We will only solve the challenges we face by first understanding individual issues and how they influence each other. We hope such ‘system thinking’, aided by the expertise of some of the world’s leading establishments and the technologies of the Fourth Industrial Revolution, will help our collective effort to build a future that is inclusive and human-centred,” said Jeremy Jurgens, Head of Knowledge and Digital Engagement, Member of the Managing Board, World Economic Forum.

Examples of some of the interconnections highlighted by the Transformation Maps:

“Bold action to address global challenges requires the understanding, support and mobilization of all members of society. We hope that by making available the collective intelligence of the Forum’s expert networks – captured in our Transformation Maps – as a public good we can inspire creativity and fresh thinking,” said Stephan Mergenthaler, Head of Knowledge Networks and Analysis, Member of the Executive Committee, World Economic Forum.   
 
Many of the Transformation Maps have been developed or co-curated with experts from leading universities, think tanks, international organizations and other research institutions around the world, including: Bocconi University, Centre for Policy Dialogue in Bangladesh, Ellen MacArthur Foundation, ETH Zurich, European Council on Foreign Relations (ECFR), Georgetown University, Global Initiative against Transnational and Organized Crime, Imperial College London, Indiana University, Inter-American Development Bank (IDB), International Organization for Migration (IOM), Institute of Policy Studies of Sri Lanka, KAIST, Keio University, Lagos Business School, McGill University, National University of Singapore, Nesta, Smithsonian Institution, United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA), UC Berkeley, UC Santa Barbara, University of Chicago, University of Southern California, University of Oxford, Wharton School of the University of Pennsylvania and Yale University.

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Landmark Agreement Unites Parties in Boosting Commercial Space Operations in California

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Leaders from the State of California, REACH, the 30th Space Wing, Cal Poly State University and Deloitte today announced a commitment to develop a thriving spaceport at Vandenberg Air Force Base and the surrounding area. According to the memorandum of understanding, the parties will develop a master plan that identifies the required infrastructure, human capital development, governance and financing necessary to support the United States Space Force mission and position California as a global leader in the future of the commercial space industry.

Chris Dombrowski, Acting Director of GO-Biz, said: “California has been at the forefront of the aerospace industry for more than a century. This MOU cements that leadership and serves as a critical investment in California’s innovative economy as we work to safely recover from the COVID-19 induced recession. This cross-sector partnership will bring quality jobs to the central part of our state with Vandenberg Air Force Base serving as a thriving spaceport and the nation once again watching California.”

The memorandum is a key part of a larger strategy for economic development in the Central Coast region, built in collaboration with the governor’s Regions Rise Together initiative, REACH and Deloitte.

“This is a once-in-a-generation opportunity for the State of California to drive the space industry into the next century,” said Josh Nisbet, a managing director at Deloitte Consulting LLP, who leads its work for the state. “The foresight of leaders in California and in our national security agencies has put the Central Coast and Vandenberg Air Force Base in position to become a world-class spaceport and center of excellence in a quickly evolving market. Deloitte is thrilled to be supporting this journey.”

The U.S. government, in its first National Space Strategy, identifies the space industry as a top priority and highlights dynamic partnerships between government and commercial partners as essential to our economic prosperity, national security and scientific knowledge.

Col. Anthony Mastalir, 30th Space Wing Commander at Vandenberg Air Force Base, said: “Space is critical to national security, and the National Defense Strategy provides a very clear direction to restore our competitive edge in the re-emerging power competition to maintain space superiority. We rely on robust collaboration with our industry partners not only to provide assured access to space but also to maximize our range capacity and move forward into the range of the future.”

The region boasts several attributes that make it an ideal location for commercial space operations, a sector that is likely to lead high-quality job growth over the coming decades. Vandenberg already maintains active launch capabilities and favorable geography, and Cal Poly produces world-class engineering and science talent.

“The potential for the commercial space industry to provide significant jobs and economic impact to not only the Central Coast, but the entire state of California, make it worth pursuing aggressively. Through diverse partnerships and collaboration, we will ensure the Central Coast of California is the launchpad for the next frontier of commercial space,” said Melissa James, CEO of REACH.

The commercial space activities centered on the base could support a larger industry, and parties envision a robust cluster of space-related activities taking root in the region, with sustained presence of companies across the ecosystem from manufacturing and launch to maintenance and support and enabling human spaceflight for the first time in California.

Cal Poly President Jeffrey D. Armstrong said: “With its strong tradition of Learn by Doing, Cal Poly is pleased to work with other institutions in the region to play an instrumental role not only in developing the workforce of the future but also in spurring innovation and teaming with industry to foster growth and reach new milestones. We’re excited to play a key role in supporting the possibilities this landmark agreement holds.”

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Niger: World Bank Approves $250 Million to Boost Long-Term Growth

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The World Bank Board of Directors today approved a total amount of $250 million in International Development Association (IDA) credit and grant to help Niger develop its human capital and to mitigate the impact of the COVID-19.  

The Second Laying the Foundation for Inclusive Development Policy Financing (DPF) is the last operation in a programmatic series aimed at reducing gender gaps and providing cash transfers to households that are mostly affected by COVID-19. The program will also help expand access to electricity and potable water, improve debt management and transparency, and reduce fiscal risks. 

“The new program will help the Government pursue the reforms started to create enabling conditions for sustained and accelerated medium-term growth and tackle key structural challenges related to stark gender inequality and low access to key infrastructure,” said Joelle Dehasse, World Bank Country Manager for Niger. “This operation has been adjusted to reinforce actions that complement the government’s efforts to mitigate the impact of the CODIV-19 pandemic.”

In 2019, Niger’s economic performance remained robust, driven by strong performance in the primary and tertiary sectors. Real GDP growth was 5.8 percent, with 1.9 percent per capita growth. However, since March 2020, the COVID-19 pandemic is straining the country’s economy, mainly due to increased spending on health and social assistance services for vulnerable households. The pandemic’s adverse impact on regional and international trade, and on foreign direct investments is also severely affecting the country’s economic and social development.

“The adoption of reforms through this DPF series will help improve the livelihoods of communities in these times of COVID-19 pandemic,” said Luc Razafimandimby World Bank’s Senior Economist and co-Task Team Leader for the project. “Beyond the much-needed quick fixes, the DPF maintains its core structure to protect the future, which will also sow the seeds of post COVID-19 recovery through mutually reinforcing measures.”  

The operation is a result of an extensive consultation process involving government officials, development partners, civil society, and other key partners. It is fully aligned with the Government’s strategy through the National Economic and Social Development Plan (2017-2021) and also with the World Bank Country Partnership for Niger (CPF 2018-2022).

* The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 76 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to the 1.6 billion people who live in IDA countries. Since 1960, IDA has supported development work in 113 countries. Annual commitments have averaged about $21 billion over the last three years, with about 61 percent going to Africa.

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World Bank releases first comprehensive stock-taking of infrastructure services in Asia

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A new World Bank report presents data about infrastructure provision in three key sectors is Asia: road transport, electricity, and water and sanitation. As the first comprehensive, regional stock-taking of levels of supply, quality, and affordability of infrastructure services, Infrastructure in Asia underscores the need to better understand current levels of service delivery to facilitate governments’ infrastructure planning and financing. Well thought-out investment planning helps raise economic growth rates, increases competitiveness, offers new economic opportunities, and bolsters improvements in human capital.

Building a more extensive body of knowledge about the health of infrastructure provision worldwide is a priority for the World Bank. Infrastructure in Asia is the first step of a new research effort that will expand to other regions. The report is organized to provide regional overviews by sector, followed by country snapshots.

Over the past few decades, a large part of Asia (both East Asia and South Asia) has enjoyed strong economic growth and steady social development. Nevertheless, the region faces significant constraints in infrastructure investment. This is exacerbated by Covid-19 pandemic and the short-term challenges of a slowing global economy, higher borrowing costs, and geopolitical tensions. Longer-term, the region is highly susceptible to the effects of climate change, so infrastructure development must be sustainable and climate resilient.

Imad Fakhoury, Global Director for Infrastructure Finance, PPPs & Guarantees at the World Bank, underscored two crucial points in this context, “We must focus on smarter investments. This doesn’t necessarily mean spending more money, but harnessing technology, Infratech, and building efficiencies based on data so we can do more with less.”

He continued, “We also need better ‘infrastructure governance’—including strengthening policies, insitutions and investments, better planning, robust project preparation, investment prioritization, screening to decide whether to procure a project publicly or with private-sector support, and strong attention to resilience, quality, transparency and fiscal sustainability. This is crucial for accerating move towards resilient recovery stage as part of COVID-19 crisis response and rebuilding better.”

When it comes to building infrastructure that truly delivers economic and social impact, quality is as important as coverage. Governments worldwide and their development partners increasingly recognize the importance of resilience and quality in infrastructure service delivery. Infrastructure in Asia goes beyond appraising coverage levels to provide a set of key indicators that serve as proxies of multiple dimensions of infrastructure quality.

In addition to looking at the quality dimensions of infrastructure, the report’s signature contribution is its compliation of extensive and disparate information and data—otherwise time-intensive to gather and compare across sectors and countries—into a single volume.

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