Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
7Activity
0 of .
Results for:
No results containing your search query
P. 1
Creating Opportunity in East Asia and the Pacific

Creating Opportunity in East Asia and the Pacific

Ratings: (0)|Views: 867 |Likes:
Published by IFCpublications
This brochure highlights how IFC works with the private sector to promote inclusive economic development in the region, where more than 35 percent of the world's poor live. The brochure showcases real life stories of how people in China, Cambodia, Papua New Guinea, Vietnam and other countries benefit from IFC projects, which help create jobs, increase their income levels, and make economic growth as equitable as possible.
This brochure highlights how IFC works with the private sector to promote inclusive economic development in the region, where more than 35 percent of the world's poor live. The brochure showcases real life stories of how people in China, Cambodia, Papua New Guinea, Vietnam and other countries benefit from IFC projects, which help create jobs, increase their income levels, and make economic growth as equitable as possible.

More info:

Published by: IFCpublications on Apr 08, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/27/2014

pdf

text

original

 
1
 
CreatingOpportunity
in East Asia and the PacificInclusive Economic Development
 
2INCLUSION
MESSAGE FROM
THE DIRECTOR
Inclusive economic growth that allows people tocontribute to, and benefit from, economic activity isessential in the fight against poverty. Such growthcreates jobs and improves access to goods andservices for all people – in particular those at the baseof the economic pyramid – giving them a chance toimprove their lives.East Asia and the Pacific is often hailed as the regionwhere in recent decades the fight against poverty hasbeen most successful.Indeed, China alone has lifted more than half a billionpeople out of poverty over the last 30 years. We arealso seeing progress in Indonesia, the Philippines, andelsewhere. Yet at the same time, more than 35 percentof the world’s poor who need to get by with $8 or lessper day live in East Asia and the Pacific.The challenge doesn’t stop there. Highly productivegroups of people, such as women, often remainmarginalized. For example, more than half of thewomen in seven Pacific island countries work and amajority of them are self-employed. Yet, their potentialis often constrained because they can’t obtain loansto grow their businesses. World Bank research showsthat including women and eliminating inequality inachieving economic progress could increase workerproductivity in East Asia and the Pacific by as much as7 to 18 percent.The private sector is a key force in creating sharedprosperity as it provides nine out of 10 jobs in thedeveloping world. Governments play a vital role byensuring that the conditions are in place for strongprivate sector-led growth and by removing obstaclesthat hinder job creation.
 
1
Sérgio Pimenta
DirectorEast Asia and the Pacific
IFC, a member of the World Bank Group, is a leaderin catalyzing and supporting inclusive developmentby working with the private sector. Our investmentand advisory services support firms and governmentsin finding financially sustainable and scalable waysof extending economic opportunities to the poor. Forexample, we promote financing for small and mediumenterprises and support rural finance across East Asiaand the Pacific by combining policy advice and capacitybuilding with investments.The compilation of stories in this booklet shows howwomen farmers and handicraft makers in Vietnam andthe Pacific can improve their livelihoods if they areempowered to become self-sustaining entrepreneurs.We share how a seemingly simple change in China’slaw making more asset types acceptable as loancollateral has led to an incredible $3 trillion worth ofloans – many of them for small businesses. We tellthe story of how mobile technology has boosted theproductivity of Papua New Guinea farmer and businessowner Augustine Buava – he now sends money fromhis cell phone within minutes instead of spending half aday at a faraway bank branch.Inclusive business makes poor people full partners in acountry’s growth, bringing new opportunities to thoseat the base of the economic pyramid and showingprivate sector firms how innovative businesses can tapnew markets.Exploring more avenues in making economic growthas equitable as possible is a priority for IFC in EastAsia and the Pacific. By working with the privatesector, we can achieve inclusive growth whilefostering profitable businesses.

Activity (7)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
IFCpublications liked this
IFCpublications liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->