IDS 2017 presents statistics and analysis on the external debt and financial flows (debt and equity) for the world’s economies for 2015. This publication provides more than 200 time series indicators from 1970 to 2015 for most reporting countries.
New World Bank flagship notes that there are still around 800 million living on less than $1.90 per day and warns that tackling inequality is vital to meeting the World Bank’s goals of ending poverty and sharing prosperity.
Too often, government leaders fail to adopt and implement policies that they know are necessary for sustained economic development. Political constraints can prevent leaders from following sound technical advice, even when leaders have the best of intentions.
A new World Bank report finds the impact of extreme weather on poverty more devastating than previously understood, responsible for annual consumption losses of $520 billion and pushing 26 million people into poverty every year.
The recommendations on how to more comprehensively measure and monitor global poverty in the light of the Banks goals of ending extreme poverty by 2030 and boosting shared prosperity are now available.
The information and communications technology sector has undergone a dynamic process of globalization and fragmentation in the past few decades, leading to the creation of global value chains. Global value chains are populated by a constellation of specialized actors collectively responsible for bringing goods and services to market. Most prominently, these key actors include lead firms (brands), contract manufacturers, platform leaders, and increasingly, information and communications technology services and information and communications technology-enabled services providers.
Public financing of child care can allow for more equitable access to these services in places where public provision and capacity are low. However, the mechanisms of subsidy delivery will affect who benefits, and the overall cost effectiveness of such subsidies. This paper sets out an ex ante simulation model for estimating the benefit incidence of expanded capacity and enrollments resulting from different child care subsidy mechanisms.
The relationship between political violence and greenfield foreign direct investment is contingent on the type of violence, characteristics of the investment-receiving sector, and extent to which the investing firm is geographically diversified. This paper presents an analysis with a dynamic fixed effects model for a panel of 90 developing countries from 2003 to 2012. The analysis shows that nationwide political conflict is negatively associated with total and non-resource-related greenfield foreign direct investment, but not with resource-related greenfield foreign direct investment.
The World Bank Group, in partnership with Sudan’s Ministry of Agriculture and Forestry, and the Ministry of Finance and Economic Planning, launched today the 2016 Enabling the Business of Agriculture report: “Comparing Regulatory Good Practices.” The report, which covers 40 countries including Sudan for the first time, is the result of a multi-stakeholder consultation which culminated a data collection process that started in 2015 and included numerous Sudanese stakeholders. The event also signaled the start of data collection for the 2017 report.
The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections.The lower forecast reflects a number of supply and demand factors. These include sooner-than-anticipated resumption of exports by the Islamic Republic of Iran, greater resilience in U.S. production due to cost cuts and efficiency gains, a mild winter in the Northern Hemisphere, and weak growth prospects in major emerging market economies, according to the World Bank’s latest quarterly report.
The third Annual Bank Conference on Africa (ABCA) will be held at Oxford University, on June 13-14, 2016. It will cover various topics pertinent to the drivers and the consequences of urbanization in Sub-Saharan Africa. It is being organized jointly by the World Bank Africa Region and the Centre for the Study of African Economies at Oxford University, in association with the Blavatnik School of Government and the Department of Economics at Oxford, the London School of Economics, and the International Growth Centre.