The World Bank’s Board of Executive Directors approved today $50 million in Additional Financing for the Emergency Support for Micro, Small and Medium Enterprises Project for the Kyrgyz Republic.
This Additional Financing complements the original $50 million Emergency Support for Micro, Small and Medium Enterprises (MSMEs) Project that was approved on July 30, 2020, and became effective on March 31, 2021. The original project also received $50 million in co-financing from the Asian Infrastructure Investment Bank (AIIB).
“Micro, small and medium enterprises contribute 42 percent of Kyrgyz Republic’s GDP and play a key role in job creation and poverty reduction: therefore, the World Bank welcomes the anti-crisis steps taken by the Government to support them,” says Naveed Hassan Naqvi, World Bank Country Manager for the Kyrgyz Republic. “Many of the country’s businesses have experienced severe shocks associated with the COVID-19 crisis and are now facing newly emerging challenges and uncertainties. We expect that the combined investments of $150 million as part of this project will help scale up and expand the much-needed support to ensure sustainability of businesses and jobs.”
The combined investments under the Emergency Support for Micro, Small and Medium Enterprises Project will provide emergency financial relief and recovery support to more than 60,000 MSMEs through Reimbursable Financial Assistance to eligible enterprises to cover investment needs and operational expenses in order to: prevent business closures; preserve private sector employment; resume and expand operations during recovery from the COVID-19 crisis; and accelerate economic recovery.
Furthermore, the project will support credit provision to MSMEs through a Portfolio Risk Sharing Facility (PRSF), which offers portfolio-based particle credit guarantees. The PRSF reduces the risk of financial sector withdrawal from lending to MSMEs when access to finance is one of the biggest constraints for MSMEs during the recovery.
The Emergency Support for Micro, Small and Medium Enterprises Project and its Additional Financing Project will be implemented through June 2027 by the Ministry of Finance of the Kyrgyz Republic, in compliance with relevant World Bank procedures and standards, including procurement and financial management regulations and anti-corruption guidelines.
The World Bank supports the Kyrgyz Republic through the International Development Association (IDA) and allocates half of the funding in the form of grants, which require no repayment, while the other half is a credit with a 0.75% administrative fee, the repayments of which are spread out over 38 years, with a six-year grace period.
The World Bank’s overall mission in the Kyrgyz Republic is to reduce poverty and promote economic growth and shared prosperity. The Bank’s financial assistance to the Kyrgyz Republic since 1992 amounts to $ 2.2 billion in the form of grants and highly concessional credits.
5 Ways LinkedIn Works for Your Career
Any job seeker can reach their goal much faster with the use of job search engines and career platforms. You shouldn’t miss any opportunity that comes your way.
What works best is to find the resume creation service and up not just your resume but also your LinkedIn profile. LinkedIn is the new Indeed now, so having a profile is no longer optional. For those who’re still unsure, here’s how LinkedIn can help any professional advance their career.
In the past, most recruiters and hiring managers would rely on their networks and job search engines akin to Indeed or Glassdoor. They still do, but it’s no longer the place where they go first. The first platform where professionals from recruiting firms are looking for job seekers is LinkedIn now.
That’s why it’s so important to make your profile not only professional-looking and memorable but also easy to find. Sure, all the standard information an employee typically includes in their resume still matters, meaning one’s qualification, key skills, and work experience. Don’t neglect any of these, and get professional help from a career advice expert if you feel like you need it.
But a candidate who wants to get more interviews and eventually land a job should also care about the keywords. LinkedIn SEO helps one’s resume appear in search results and rank high. This way, the chances that a recruiter or even a couple of potential employers see it go up. So, include relevant role titles and words pointing to your preferred industry.
One of the main benefits of LinkedIn for both an applicant and a recruiter is that it allows direct contact between people looking for a job and companies in search of employees. Some candidates still feel awkward writing first. They are concerned that a recruiter (or a potential employer, if the company is a small one) won’t appreciate their enthusiasm.
This isn’t the case, though. Employer and recruiter surveys reveal that they actually value proactive job seekers, especially when the candidate writing to them seems great for a job listing it has. Instead of appearing desperate (which job seekers should indeed avoid), you’ll come off as goal-oriented and willing to take the initiative.
Experts recommend writing to the hiring manager of the company you are interested in via InMail, preferably on Sunday or Monday. But first, make sure that your profile is flawless and matches the position you’re aiming for.
If in doubt, consider hiring a professional from one of the best recommended resume writing services in 2022 (or at least reading resume-writing advice and other career resources). It will help you boost your confidence and chances of landing an interview.
One of the things that made it difficult for job seekers to craft a winning resume in the past was that they could not attach any proof of training and accomplishments. They could send any certificates and other documents via email only after a hiring manager or recruiter had contacted them.
Thanks to LinkedIn, this is no longer the case. You can add any certificates to your profile. The most popular online education platforms (for example, Coursera) even offer LinkedIn-oriented proof of training. Most importantly, consider asking your connections to endorse your skills. This way, recruiters will see that your profile isn’t just empty words.
Basically, everyone is on LinkedIn now. So, it’s easy to build and maintain your network. It’ll serve your career again and again. While this depends on who you want your network to consist of, here are some of the people you should consider adding to your contacts:
- high school contacts (as long as they’re in the same or similar industry as you);
- other alumni of your university;
- members of the faculty and other academic contacts;
- past work colleagues;
- current colleagues;
- everyone you’ve met at academic and work-related events.
And don’t just add them to your contacts—engage. After all, one of the main advantages of LinkedIn compared to older job search engines is that it’s basically social media. It’s possible that one day, one of these people will help you land an interview for your dream job.
Finally, don’t underestimate how helpful LinkedIn groups can be. You may think that writing there is a waste of time and won’t do anything for your career. But that’s a big mistake. First, if you stick to the groups related to your industry and line of work, you’ll learn a lot from other professionals. Never miss out on new knowledge, especially when it’s free.
Also, if you are active enough, you can eventually become a noticeable member and attract hiring managers’ or potential employers’ attention. Surveys reveal that a lot of them do check such groups. They are assessing writers’ expertise and personality and can totally message those who look like a good match for one of the job openings at their company.
The best thing you can do to make LinkedIn serve your career goals is to find a resume writing business or a LinkedIn consulting expert to polish your profile. But at least tailor your headline, include keywords, and constantly update your profile to match your current career interests. And spend a couple of hours a week in LinkedIn groups.
The Best Essay Editing and Writing Tools
You may think that writing essays is easy. You have collected and compiled many materials, including everything you wanted to support your main idea and thesis statement, made a great conclusion, and expect a high grade.
However, alas! – your professors checks it and gives you a much lower grade than you expected. You don’t feel happy, but the professor explains that your writing has too many grammar, spelling, and stylistic mistakes. You have probably forgotten that editing the paper is essential to your writing process.
Or you might not have enough time for editing because of the tight deadlines. To solve this issue and save much time, we recommend you use online editing tools that work efficiently and spare you from many problems.
The platform offers a set of efficient online editing tools to save your precious time. You can find a great topic, edit and proofread your paper, and check the citation format or plagiarism in your essay. PaperTyper.net is a great resource for all busy students that helps make their writing assignments excellent.
With these completely free AI-powered instruments, such as Essay Topic Generator, Plagiarism Checker, Citation Generator, and Grammar Checker, you will get 100% quality and uniqueness of your essay and save a lot of effort. All the instruments are simple in use, effective, and free. You can use them as often as you need without additional fees or restrictions. You will find all the information on your topic of any kind, get a well-structured paper without any punctuation, stylistic, grammar, and spelling mistakes, and check the amounts of plagiarism in your paper.
The editing process is simple – you just upload your ready essay on the website and get the results and suggestions on what corrections you need to make. Using the platform is entirely safe and confidential, and you will not break any rules or laws while using it. Moreover, you will get professional help and comments on your writing to improve your skills and create excellent essays in the future. The customer support team works for you 24/7, so you can ask questions and share concerns at any time round the clock.
All the tools are sophisticated and cutting-edge because they use the most advanced technologies available nowadays. They provide accurate results, and you can be sure that your paper will be free from any errors and inconsistencies.
You will not need to download the software onto your device, so there is no need to waste extra time on the program installation. The software supports all the formatting and citation styles. So, there is one more benefit here – you can save effort on making reference lists because this task is always rather complicated. You will also receive detailed reports from Plagiarism and Grammar Checkers so that you can learn a lot from them and never repeat the same mistakes in your future academic work. We are sure that you will like using this platform.
This platform provides editing and proofreading services for all types of writing – documentary, academic papers, blog entries, and articles. A great team of professional and experienced editors works for the site. Most of them are native English speakers.
The focus of the platform is on quality control, and the customer support service works flawlessly. You can obtain grammar revision, correction of spelling and punctuation mistakes, syntax and sentence structure modifications, and a lot more. You will receive new ideas on stylistic improvements and paper structure.
The service has expanded to formatting, referencing, plagiarism checking, essay crafting, and various publication services, such as cover design, typesetting, and online distribution. You can get everything here that you need for your smooth academic work and continuous progress.
Kibin is a paid platform that also provides editing and proofreading. You can rely on this service and get individual feedback on your paper and straightforward suggestions on how to improve your writing in the future.
The platform can check your papers for the adequacy of idea presentation and paper structure alongside the common grammar and spelling check. You can also ask for essay samples. They have a huge database, though the service is fee-paying. Some students even complain that this service is too expensive. Though, you do not need to rely on the samples, of course. You cannot use them as your own essays because you will be accused of plagiarism.
Kibin is entirely legit, so using its services is not cheating at all. The platform offers two efficient tools – the Kibin Thesis Builder and Paper Grader. You can use the former for creating compare and contrast and argumentative essays, while the latter is meant for evaluating your paper by a professional editor. You can upload your essay and receive detailed feedback on it for free. Such things may be quite effective and helpful because you would like to improve your writing skills, and now you will know how to do that.
The platform uses cutting-edge software for all the manipulations, too. That is why the results are precise and accurate. We cannot recommend the service as your basic one for creating any type of academic writing, but Kibin seems quite supportive and helpful for your academic score improvement and further advancement.
The story of this editing and proofreading service started in 1997 when Terry Johnson and Chandra Clarke decided to establish a professional writing platform for assisting writers and students. The year 2017 became an important milestone in the company’s development. There was a transition to the new owners – Enrico Magnami and Patricia Riopel. It has got new approaches and new technologies to work with.
The name of the platform means ‘the huge urge to write’. It supports all its clients’ attempts to create high-quality papers. For the previous two decades, they have processed over 400 thousand orders.
The papers you can edit with the help of this service include academic essays, dissertations, different kinds of research papers, CVs, resumes, articles, and whatnot.
The range of paid services the company provides also involves:
- essay proofreading;
- admission essay proofreading;
- essay editing;
- admission essay editing.
You will prepare the high-quality final draft that is ready for submission and receive feedback on your choice of words, spelling, grammar, and punctuation errors, sentence and paragraph structure, and other inconsistencies. All these notes are pretty helpful for your further writing skill improvement. You will surely use them in your future academic and professional career. That is why Scribendi is truly worth considering.
The service was launched in 2004, and since then, it has served over 10 thousand customers from almost all countries of the world. For little money, you can receive complete edits on punctuation, spelling, and grammar from this website. They can also offer useful suggestions on improving the paper’s structure and readability and enhancing its impact on readers.
You can order editing of academic essays, research projects, theses and dissertations, application essays, and many other types of writing from EditMyEnglish. All the editing and proofreading procedures are always completed on time, so you will not have any issues with the deadlines.
This paid platform also has such features:
- professional editors with a lot of academic expertise;
- special package service for students, the so-called Basic Package, which is usually used by young people from over 200 universities around the world;
- friendly and well-qualified customer service that can lead you through the entire editing process;
- a project message board (Track Changes) where you can ask your questions, follow the progress of your order, receive messages from your editor, and provide your clarifications for them.
Nowadays, EditMyEnglish is an affiliate of Grammar Labs, LLC. This company was founded in Indiana in 2004 to provide essay writing and editing services to students of Purdue University. The company’s policy is quite fair and straightforward – you can use the editing and proofreading services pretty confidentially. No third parties will ever have access to your personal information and your papers. The company does not reuse or re-sell any papers, and all the sensitive data is immediately deleted from the site after the student has used the service.
The platform’s operation is fully legit, so you do not need to worry that you are breaking some laws or requirements while using it. The platform is also worth considering because it ensures great quality.
Here are only several online editing and proofreading services and platforms for students and writers who would like to improve their writing skills. They provide a wide range of cutting-edge instruments and techniques for making your papers more perfect.
You can be sure that these platforms are fully legit, and your academic institution won’t punish you for using them. Moreover, you will get a lot of benefits from using these services. The most important of them is the great advancement in your writing skills and the opportunity to get more information about writing excellent academic papers and making a lot of progress for your future academic and professional career.
Iraq: Economic Reforms Critical to Reap the Benefits of Oil Windfall
Iraq is gradually emerging from a deep recession, caused by the COVID-19 pandemic and the plunge in oil prices in 2020. Although the economy is projected to grow by 5.4% on average a year between 2022 and 2024, the country’s macroeconomic outlook is subject to a significant degree of risk due to high dependence on oil, budget rigidities, and delays in the formation of a new government. Oil dependency could also hurt the domestic drive for reforms, thereby deepening structural economic challenges.
The World Bank’s Spring 2022 edition of the Iraq Economic Monitor, “Harnessing the Oil Windfall for Sustainable Growth,” released today, finds that, after contracting by more than 11% in 2020, Iraq’s economy grew by 2.8% in 2021 with the easing of COVID-19 movement restrictions, supported by a solid expansion of non-oil output, in particular services. Oil GDP also started growing in the second half of 2021 as OPEC+ production cuts started to be phased out. Higher oil revenues pushed Iraq’s overall fiscal and external balances into a surplus in 2021. However, fiscal rigidities and a high level of unaccounted arrears remain.
“Iraq has a unique opportunity to undertake urgent, wide-ranging structural reforms by drawing on fiscal space resulting from its recent oil windfall,” said Saroj Kumar Jha, World Bank Mashreq Regional Director. “Reorienting government expenditure toward programs that improve growth is critical for economic diversification and job creation, and for addressing the country’s human capital crisis.”
The Spring edition of the Iraq Economic Monitor finds that Iraq’s existing food security challenges have intensified amid the current surge in global commodity prices, while domestic food production falls short of demand against a rapidly growing population. Severe droughts and other climate change factors have exacerbated the situation. While subsidies and direct transfers can help mitigate the impact in the short run, attaining food security calls for coordinated efforts to improve domestic food production and more efficient management of water resources.
Iraq’s fiscal and socio-economic fragilities underscore the need to accelerate much needed macro-fiscal and structural reforms to address the barriers to private sector development, scale up investments in water efficiency and agri-food systems, transition towards more sustainable sources of energy, and decarbonize the transport sector.
Further delays in government formation, and in the ratification of the 2022 budget, could restrict the use of the country’s revenue windfall from oil as de-facto limits from the 2021 budget are reached, and new investment projects are put on hold, which could reduce economic growth. The Government of Iraq’s White Paper outlining a comprehensive program of reforms toward economic diversification remains, for now, a bold blueprint.
The Special Focus section of the Monitor, “COVID-19 and the Human Capital Crisis: Recovering Educational Losses for Future Productivity and Growth,” examines the pandemic’s impact on Iraq’s existing challenges of building human capital. A child born in Iraq just before the COVID-19 pandemic could expect to be only 41% as productive by age 18 as they could be with complete education and full health. The pandemic took a toll on Iraq’s human capital by negatively affecting the health and economic well-being of today’s workers, as well as by reducing the potential productivity of the next generation. Addressing these challenges calls for an education reform path for better learning and skills development.
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