The World Bank Open Knowledge Repository
The World Bank Open Knowledge Repository (OKR) is The World Bank’s official open access repository for its research outputs and knowledge products.
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Total publications: 37,838
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Publication South Asia Development Update, October 2024: Women, Jobs, and Growth(Washington, DC: World Bank, 2024-10-10) World BankSouth Asia’s growth is on track to exceed earlier expectations, in a broad-based upturn. The region is expected to remain the fastest-growing among emerging market and developing economies (EMDEs). Several risks could upend this generally promising outlook, including extreme weather events, social unrest, and policy missteps, such as reform delays. But South Asian countries also have considerable untapped potential that could help them further boost productivity growth and employment and adapt to climate change. In particular, with about two-thirds of the region’s working-age women out of the labor force, raising female employment rates to those of men could increase per capita income by as much as one-half. Measures to accelerate job creation, remove obstacles to women working, and equalize gender rights would be more effective if combined with a shift toward social norms that looked more favorably on working women. Also, most South Asian countries rank among the EMDEs least open to global trade and investment. Greater openness could boost women’s employment, spur the growth of firms, and allow the region to take better advantage of the reshaping of global supply chains and trade. Reducing the cost of conducting business could help the region better harness large-scale remittance inflows.Publication Pathways to Prosperity for Adolescent Girls in Africa - Executive Summary Booklet(Washington, DC: World Bank, 2024-10-10) Ajayi, Kehinde F.; Koussoubé, Estelle; eds.Africa stands at a crossroads, with its future prosperity hinging on the policy and investment decisions it makes today. The continent has an opportunity to shape the trajectories of generations to come by investing in the success of a pivotal population: its adolescent girls. With over 145 million adolescent girls calling Africa home, the potential for transformative change is immense. Yet challenges persist: from high rates of child marriage to limited educational opportunities. Nearly half of African girls ages 15 to 19 are out of school or married or have children. How can African countries overcome these challenges to ensure that adolescent girls enter adulthood empowered to thrive? Pathways to Prosperity for Adolescent Girls in Africa offers a groundbreaking road map for change. This landmark report: Outlines concrete, actionable policy recommendations; Provides a comprehensive review of evidence-based interventions; Presents a data-driven categorization of African countries to guide investments in adolescent girls; and Introduces an innovative framework for understanding and measuring adolescent girls’ empowerment. Drawing on extensive research and consultations with adolescent girls, policy makers, and practitioners, this report reveals that investing in adolescent girls can yield a tenfold return in economic impact. It outlines six key areas for targeted action: building human capital, enhancing economic success, focusing on the most vulnerable girls, adopting a holistic approach, addressing data and evidence gaps, and mobilizing diverse stakeholders. Whether you are a policy maker, researcher, development practitioner, or advocate, this report will equip you with the knowledge and tools to drive meaningful change. Discover how empowering adolescent girls can transform individual lives and African economies. Join the movement to secure a brighter future for Africa’s adolescent girls and nations alike. The time for action is now.Publication Tonga - Poverty and Equity Assessment 2024: Navigating Turbulent Waves Toward Sustained Poverty Reduction(Washington, DC: World Bank, 2024-10-10) World BankTonga’s economic growth, historically weak due to structural factors facing many Pacific Island countries, has been particularly sluggish in recent years due to several large shocks. Tropical cyclones in 2018 and 2020, border restrictions and surging inflation due to the COVID-19 outbreak, and the Hunga Tonga-Hunga Ha’apai (HT-HH) volcanic eruption all have battered the population and have potentially reversed previous welfare gains. This World Bank Poverty and Equity Assessment (PEA) report aims to fill critical knowledge gaps regarding the extent, nature, and drivers of poverty and inequality in Tonga. The report extensively utilizes the 2021 Household Income and Expenditure Survey (HIES) in Tonga and the official monetary poverty estimate from the survey. The 2021 HIES is the first survey containing significant welfare information that was entirely fielded after the start of the COVID-19 pandemic and can more fully illustrate some of the pandemic’s impacts. To estimate the change in monetary poverty, the report utilizes the 2015/16 HIES to impute the monetary poverty estimate in that year given that the government did not report an official monetary poverty estimate from the survey. In addition to identifying poverty and inequality patterns, this report highlights several thematic topics to which information from the HIES can contribute and inform the ongoing policy dialog. These topics include vulnerability of the population to shocks, human capital development, and social protection systems.Publication Maldives Development Update, October 2024: Seeking Stability in Turbulent Times(Washington, DC: World Bank, 2024-10-09) World BankThe Maldives Development Update (MDU) has two main goals. First, it takes the pulse of the Maldivian economy by outlining key developments over the past 12 months. Placing these in a global context, and based on these recent developments, the MDU then analyzes the outlook over the medium term. Second, every other edition of the MDU provides a more in-depth investigation of selected economic and policy issues. It has a wide audience including policymakers, policy analysts from think tanks or non-governmental organizations, and business and financial sector professionals interested in Maldives’ economic development.Publication Latin America and the Caribbean Economic Review, October 2024: Taxing Wealth for Equity and Growth(Washington, DC: World Bank, 2024-10-09) Maloney, William; Zambrano, Jorge Andres; Vuletin, Guillermo; Beylis, Guillermo; Garriga, PabloThe report highlights the progress made on inflation and, despite some resistance in the last mile, the resulting fall in interest rates that will ease pressures on debt service and investment. However, growth is projected to remain low, debt remains high, private and public investment is depressed, and the region appears to be missing the boat on nearshoring FDI. The need to generate more fiscal space, reduce the high corporate tax burden, and mitigate persistent inequality have moved wealth taxes to center stage. But traditional wealth taxes on financial assets face challenges due to the ease of moving and hiding assets which will be difficult to control without elusive global coordination. A viable alternative is a tax on real estate which is less mobile, easier to track, and less of a distortionary burden on economic activity, given the low initial rates. Property taxes also have the potential to reduce the excessive dependence of subnational governments on federal transfers. For property taxes to play a greater role, there must be improvements in property valuation which can be engineered through the use of digital platforms and centralized land registries.