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Private Finance for Development
The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.
Independent Power Projects in Sub-Saharan Africa
Inadequate electricity services pose a major impediment to reducing extreme poverty and boosting shared prosperity in Sub-Saharan Africa. Simply put, Africa does not have enough power. Despite the abundant low-carbon and low-cost energy resources available to Sub-Saharan Africa, the region s entire installed electricity capacity, at a little over 80 GW, is equivalent to that of the Republic of Korea. Looking ahead, Sub-Saharan Africa will need to ramp-up its power generation capacity substantially. The investment needed to meet this goal largely exceeds African countries already stretched public finances. Increasing private investment is critical to help expand and improve electricity supply...
Rethinking Power Sector Reform in the Developing World
During the 1990s, a new paradigm for power sector reform was put forward emphasizing the restructuring of utilities, the creation of regulators, the participation of the private sector, and the establishment of competitive power markets. Twenty-five years later, only a handful of developing countries have fully implemented these Washington Consensus policies. Across the developing world, reforms were adopted rather selectively, resulting in a hybrid model, in which elements of market orientation coexist with continued state dominance of the sector. This book aims to revisit and refresh thinking on power sector reform approaches for developing countries. The approach relies heavily on evidenc...
The Right Privatization
Privatization requires the presence of capable governments setting clear goals, addressing potential hazards of private engagement, and exploring multiple paths of improvement.
The Economics of Electric Vehicles for Passenger Transportation
The Economics of Electric Vehicles for Passenger Transportation provides answers to three critical questions: Why should developing countries pursue e-mobility? When does an accelerated transition to electric vehicles (EVs) make sense for developing countries? How can governments make this transition happen? A key finding from the research is that there is a strong economic case for EVs in many developing countries. This is news because, despite growing momentum and interest in the sector, 90 percent of EV sales are still concentrated in major markets such as China, Europe, and the United States. According to original models developed by the report’s authors, developing countries can look ...
Off the Books
Developing countries face massive infrastructure needs, but public spending on infrastructure is inadequate, and public investment has been declining in recent years. Rising debt levels and tightening fiscal and monetary conditions are putting further pressure on the funds available for infrastructure, heightening the importance of increasing the efficiency of infrastructure spending. Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure shows that however governments deliver infrastructure—through direct public provision, state-owned enterprises (SOEs), or public-private partnerships (PPPs), the risk of fiscal surprises is high in both good times and bad. As a res...
Retooling Development Aid in the 21st Century
Aid instruments need to adjust to new challenges and priorities. Global pandemics, climate change, increased inequality, low economic growth, and conflict have made it increasingly difficult for developing countries to achieve the Sustainable Development Goals. Retooling Development Aid in the 21st Century: The Importance of Budget Support examines the critical role of budget support by both multilateral and bilateral aid agencies to address the 21st century's development goals of eliminating poverty and protecting our global commons. Timely and smartly designed budget support remains a powerful tool to help address the new reality developing countries face, providing fast disbursing finance...
Autocratization in Contemporary Uganda
Autocratization in Contemporary Uganda analyses two interrelated outcomes: autocratisation, manifest in the deepening of personalist rule or Musevenism, and the regime resilience that has made Museveni one of Africa's current-longest surviving rulers. How has this feat been possible, and what has been the trajectory of Museveni's increasingly autocratic rule? Surveying that trajectory since 1986, the book takes as its primary focus the years since 2005; bringing to the fore the 'autocratic turn', placing it within a broader comparative lens, and enriching it with comparative references to cases outside of Uganda. While positing the notion of 'autocratic adaptability' as a defining hallmark of Museveni's rule, the book examines the factors and forces that have made that adaptability possible, analysing the dynamics around three keys themes: institutions, resources, and coalitions. Through empirical research, each chapter seeks to demonstrate how either one or two of these three variables have functioned in propelling autocratization and assuring regime resilience - producing theoretical and and comparative implications that reach beyond Uganda.
Renewing with Growth
Latin America and the Caribbean suffered the largest death toll from Covid†?19 across developing regions and the sharpest decline in economic activity. With fewer school days and lower employment rates, with higher public debt and more firms under stress, the effects could be long†?lasting. The crisis also triggered large†?scale economic restructuring, with productivity higher in the expanding than in the contracting sectors. Accelerated digitization could instill dynamism in finance, trade and labor markets, but it may amplify inequality within and across the countries in the region. Technology could transform the energy sector as well. Latin America and the Caribbean has the cleanest and potentially cheapest electricity generation matrix of all developing regions. But its electricity is the most expensive, due mainly to inefficiencies. Distributed generation within countries and electricity trade across countries, could make energy greener and cheaper, provided that the pricing is right.
Mini Grid Solutions for Underserved Customers
TRaditionally, mini grids have been viewed as “off-grid†? systems that are built and operated solely for communities without electricity. The reality, however, is that millions of people in Sub-Saharan Africa and India who are connected to the main grid suffer from poor grid reliability (“weak grid†?), sometimes with a power supply of less than 4 to 8 hours daily and with frequent disputes over the accuracy of billing. As a backstop, these poorly served customers often find themselves forced to rely on small fossil fuel†“powered generators that are noisy, polluting, and expensive to operate. Mini Grid Solutions for Underserved Customers: New Insights from Nigeria and India explor...
