The World Bank’s Board of Executive Directors has approved US$ 170 million of additional financing for the Philippine Rural Development Project (PRDP), designed to boost rural incomes and reduce poverty in the country.
Jointly implemented by local government units and the Department of Agriculture (DA), the additional financing will also support development of rural infrastructure such as roads, bridges, communal irrigation systems, potable water supply, solar dryers, greenhouses, and composting facilities.
More than 400,000 rural residents are estimated to directly benefit from the project’s infrastructure initiatives, and another 100,000 persons would benefit from the development of rural enterprises.
“The PRDP is one of the most innovative projects of the Philippines,” said Mara K. Warwick, World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand. “The practice of the Department of Agriculture preparing provincial commodity investment plans together with local governments have empowered local executives to mobilize additional resources and bring in programs of other government agencies. The PRDP helps to consolidate and efficiently plan programs and activities that alleviate poverty in rural areas.”
Targeting at least two million farmers and fisher-folk, the Philippine government developed PRDP in 2014 to improve rural infrastructure and support small business and livelihood projects across the country. The World Bank provided a loan and grant package amounting to US$ 501 million.
An initial assessment of the project documents its extensive benefits, including an increase in average household incomes by almost 60 percent, amongst communities with rehabilitated farm-to-market roads; a 43 percent reduction of travel time in those communities with better roads; and a 54 percent reduction of hauling costs of agricultural inputs. Residents also reported an increase in school attendance and higher levels of enrollment, faster response to medical emergencies, as well as improved peace and order in the communities served.
Hundreds of projects have been approved for the PRDP, including 232 projects that will deliver 1,700 kilometers of roads and bridges, 100 post-harvest facilities, 18 small-scale irrigation facilities encompassing 1800 hectares, and 512 enterprise projects with some 100,000 direct beneficiaries.
Under the PRDP, the DA provides technical and financial support to the planning process of provinces and municipalities, as well as in the implementation and delivery of services, rural infrastructure, and enterprise development based on provincial commodity investment plans, value chain analyses and suitable production areas.
This integrated planning approach is an important step in merging local priorities and national development programs, thus making the DA and local governments effective partners in the development of the farming and fishing sector.
Improved Skills and Job Opportunities for Youth in Maldives
The World Bank Board of Directors today approved a $20 million financing to provide market relevant skills and increase employment opportunities for youth in Maldives.
Basic human development indicators are high in Maldives, with the adult literacy rate at 98.6 percent and life expectancy at 77.6 years. The new project will help the Government of Maldives accelerate human capital accumulation, increase employment opportunities for young people, promote equitable economic and social progress in the country, and fulfill the vision for a climate sensitive Blue Economy.
“The Maldivian youth hold the key to the country’s future prosperity,” said Idah Z. Pswarayi-Riddihough, World Bank Country Director for Maldives, Nepal and Sri Lanka. “We are happy to partner with the Government to develop ‘A 21st Century Skills Development Strategy’ and test a diversified approach to skills and entrepreneurship that are responsive to the demand-led labor markets and the needs of the local population, particularly the most vulnerable groups.”
This project will also focus on improving female labor-force participation in Maldives by fostering new skills development, such as programming bootcamps to empower young women to pursue home-based work in ICT-related services.
Shobhana Sosale, Adja Mansora Dahourou, and Harsha Aturupane, Project Task Team Leaders from the World Bank highlighted that “Diversified skills and entrepreneurship development will help Maldivian youth to become more employable, harnessing their contribution to the development of the country and promoting the well-being of their communities. We hope that the project can contribute to setting up strong decentralized skills and entrepreneurship ecosystems for accountable, effective and responsive lifelong learning and opportunities for youth.”
The new Enhancing Employability and Resilience of Youth Project will be co-implemented by the Ministry of Higher Education and Ministry of Economic Development along with island administrative councils, city councils, and women’s committees participating in the project. The total project cost is $20 million, including a $10 million grant and a $10 million credit from the International Development Association.
IEA takes part in G20 Energy and Environment Ministerial in Japan
The International Energy Agency has provided in-depth support for this weekend’s meeting of G20 energy and environment ministers, including the publication of a major new study on hydrogen’s potential role in global energy transitions.
Under Japan’s G20 presidency, the ministerial meeting took place in the town of Karuizawa.
The IEA report on hydrogen – The Future of Hydrogen: Seizing Today’s Opportunities – analyses hydrogen’s current state of play and offers recommendations for its future development and how it can help to tackle critical energy challenges. The IEA carried out the study at the request of Japan’s G20 presidency. It was launched Friday by Dr Fatih Birol, the IEA’s Executive Director, alongside Mr Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry.
The IEA provided several other important contributions to the G20 this year at the presidency’s request, including an analysis identifying more than 100 innovation gaps across the energy system and recommendations for how to fill them; a report on securing investment in low-carbon power generation; and other activities and analyses to encourage greater international collaboration on data gathering.
The IEA’s G20 work also involves tracking progress towards phasing out inefficient fossil fuel subsidies that encourage wasteful consumption. This is done through an annual update in the World Energy Outlook, the IEA’s flagship publication, and a joint report with the Organisation for Economic Co-operation and Development.
At the ministerial meetings in Karuizawa, Dr Birol presented findings from the new reports and spoke about other important topics, including energy access in Africa, tracking progress towards clean energy goals and developments in the global trade in liquefied natural gas (LNG). (Slides from his two presentations are available here and here.)
On the sidelines, he held bilateral meetings with ministers from several countries, including Australia, Brazil, India, Indonesia, Japan, Saudi Arabia and Singapore.
The IEA also supported the official side events of the ministerial meetings: the G20 Natural Gas Day, the G20 Energy Efficiency Financing Summit and hydrogen investor events in Japan. The IEA’s contributions to this year’s G20 are the latest instance of the agency’s active support for a range of G20 meetings and work streams over the past 10 years.
Special Course on “China’s Foreign Policy and Economy-2019” Launched in Armenia
The “China-Eurasia” Council for Political and Strategic Research in cooperation with the Armenian State University of Economics, started the “Rethinking China’s Foreign Policy and Economy-2019” Special Course.
The main aim of this special course is to introduce China’s Foreign Policy to those who are interested in China and its politics, providing them with solid knowledge and information about this great power, which increases its economic and political influence in the world through its Belt and Road Initiative.
The special program conducted by Armenian, Chinese and foreign scholars, who cooperate with the “China-Eurasia Council for Political and Strategic Research, Foundation and have solid professional background of doing research on issues related to China’s foreign policy and economy.
As a result of competition only 32 young specialists won the opportunity to be invited to participate as students in this significant course.
During the opening ceremony of Special Course, Vice-President of the National Assembly of the RA Lena Nazaryan spoke about the importance of deepening Sino-Armenian relations. She mentioned that the current government stresses the importance of further development of relations with China. Mrs. Nazaryan talked about the visit of the Prime Minister of Armenia Nikol Pashinyan to China. During her speech, she introduced also the results of the negotiations with the Vice Chairperson of the Standing Committee of the National People’s Congress of the of the People’s Republic of China (PRC) Shen Yueyue during her official visit to Armenia. The Vice-President talked about the necessity of further cooperation with the academicians particularly stressed the importance of the Initiative of special course “Rethinking China’s Foreign Policy”.
In turn, His Excellency Chinese Ambassador to Armenia Mr. TianErlong presented the main directions of China’s foreign policy, spoke about the goals and success of the “Road and Belt” initiative. Mr. Tian Erlong mentioned about peculiarities of the Chinese foreign policy: Five principles of peaceful coexistence. Talking about the Armenian-Chinese relations, he mentioned about the great potential of two countries that still must be used and developed.
The head of the “China-Eurasia” Council for Political and Strategic Research-Dr. Mher Sahakyan noted that considering the growing role of China in the current world order, it is a necessity to study and understand this country, deepen relations between Armenia and China. He expressed hope that the participants of the course “Rethinking China’s Foreign Policy and Economy” will use the knowledge gained within the framework of this program to further develop Armenian-Chinese relations for the sake of Motherland.
In turn, professor, Dr. Ruben Hayrapetyan stated: “I think that organizing such kind of trainings is of great importance for our country. It is now that we must decide how and with what kind of effectiveness, we will pursue our foreign policy as human resource is the most important one. For the development of the latter we are obliged to transfer and disseminate the skills and capacities that will provide a significant result in long term prospective throughout such kind of trainings. Cooperation with China has always been and will continue to be one of the priorities for our country. Thus, as a result of the course, we expect that participants will have a greater opportunity to contribute to the development of Armenian-Chinese relations in all directions thanks to their knowledge gained.
Improved Skills and Job Opportunities for Youth in Maldives
The World Bank Board of Directors today approved a $20 million financing to provide market relevant skills and increase employment...
8 facts you don’t know about the money migrants send back home
Here are eight things you might not know about the transformative power of these often small – yet major –...
The tension between Iran and the United States
At the beginning of last summer, precisely on May 8, 2018, US President Donald J. Trump carried out one of...
Girls Don’t Code? In The Caribbean, They Lead Tech Startups
Research shows that science, technology, engineering, and mathematics (STEM) are still male-dominated fields. According to the U.S. Department of Commerce, in...
IEA takes part in G20 Energy and Environment Ministerial in Japan
The International Energy Agency has provided in-depth support for this weekend’s meeting of G20 energy and environment ministers, including the publication...
Building cohesive societies: Southeast Asian states take on gargantuan challenge
Several Southeast Asian governments and social movements are seeking to counter mounting polarization and inter-communal strife across the globe fuelled...
Water Diplomacy: Creating Spaces for Nile Cooperation
The Nile River is the longest river on the earth, with eleven nation states sharing it and over 487 million...
Energy News3 days ago
IRENA to Present Innovation Pathway to Renewable Energy Growth at G20
Africa3 days ago
Russia joins Gulf states in coaching Sudan’s military
Intelligence3 days ago
March to Tripoli, or a Third Civil War in Libya: Initial Results
South Asia3 days ago
PTI Government in Pakistan: To full-fill its promise on curbing Corruption
East Asia2 days ago
The SCO needs strategic consensus and cooperation in an era of uncertainties
Reports2 days ago
Oil Market Report: 2020 vision
Middle East2 days ago
The economic summit in Bahrain won’t be about Palestinian-Israeli conflict
Environment2 days ago
MDB Climate Finance Hit Record High of $43.1 Billion in 2018