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Accelerating Poverty Reduction in Africa
(Washington, DC: World Bank, 2019-10-09) Beegle, Kathleen ; Christiaensen, LucSub-Saharan Africa's turnaround over the past couple of decades has been dramatic. After many years in decline, the continent's economy picked up in the mid-1990s. Along with this macroeconomic growth, people became healthier, many more youngsters attended schools, and the rate of extreme poverty declined from 54 percent in 1990 to 41 percent in 2015. Political and social freedoms expanded, and gender equality advanced. Conflict in the region also subsided, although it still claims thousands of civilian lives in some countries and still drives pressing numbers of displaced persons. Despite Africa’s widespread economic and social welfare accomplishments, the region’s challenges remain daunting: Economic growth has slowed in recent years. Poverty rates in many countries are the highest in the world. And notably, the number of poor in Africa is rising because of population growth. From a global perspective, the biggest concentration of poverty has shifted from South Asia to Africa. Accelerating Poverty Reduction in Africa explores critical policy entry points to address the demographic, societal, and political drivers of poverty; improve income-earning opportunities both on and off the farm; and better mobilize resources for the poor. It looks beyond macroeconomic stability and growth—critical yet insufficient components of these objectives—to ask what more could be done and where policy makers should focus their attention to speed up poverty reduction. The pro-poor policy agenda advanced in this volume requires not only economic growth where the poor work and live, but also mitigation of the many risks to which African households are exposed. As such, this report takes a "jobs" lens to its task. It focuses squarely on the productivity and livelihoods of the poor and vulnerable—that is, what it will take to increase their earnings. Finally, it presents a road map for financing the poverty and development agenda. -
Publication
Innovative China: New Drivers of Growth
(Washington, DC: World Bank, 2019-09-16) World Bank Group ; Development Research Center of the State Council, The People's Republic of ChinaAfter more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier. -
Publication
Belt and Road Economics: Opportunities and Risks of Transport Corridors
(Washington, DC: World Bank, 2019-06-18) World BankChina proposed the Belt and Road Initiative in 2013 to improve connectivity and cooperation on a transcontinental scale. This study, by a team of World Bank Group economists led by Michele Ruta, analyzes the economics of the initiative. It assesses the connectivity gaps between economies along the initiative’s corridors, examines the costs and economic effects of the infrastructure improvements proposed under the initiative, and identifies complementary policy reforms and institutions that will support welfare maximization and mitigation of risks for participating economies. -
Publication
Inflation in Emerging and Developing Economies: Evolution, Drivers and Policies
(Washington, DC: World Bank, 2019) Ha, Jongrim ; Kose, M. Ayhan ; Ohnsorge, Franziska ; Ha, Jongrim ; Kose, M. Ayhan ; Ohnsorge, Franziska ; Ivanova, Anna ; Laborde, David ; Lakatos, Csilla ; Martin, Will ; Matsuoka, Hideaki ; Montiel, Peter J. ; Panizza, Ugo ; Pedroni, Peter ; Stocker, Marc ; Unsal, Filiz D. ; Vorisek, Dana ; Yilmazkuday, HakanEmerging market and developing economies, like advanced economies, have experienced a remarkable decline in inflation over the past half-century. Yet, research into this development has focused almost exclusively on advanced economies. This book fills that gap, providing the first comprehensive and systematic analysis of inflation in emerging market and developing economies. It examines how inflation has evolved and become synchronized among economies; what drives inflation globally and domestically; where inflation expectations have become better-anchored; and how exchange rate fluctuations can pass through to inflation. To reach its conclusions, the book employs cutting edge empirical approaches. It also offers a rich data set of multiple measures of inflation for a virtually global sample of countries over a half-century to spur further research into this important topic. -
Publication
Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution
(Washington, DC: World Bank, 2018-04-19) Demirguc-Kunt, Asli ; Klapper, Leora ; Singer, Dorothe ; Ansar, Saniya ; Hess, JakeThe Global Findex database is the world's most comprehensive set of data on how people make payments, save money, borrow and manage risk. Launched in 2011, it includes more than 100 financial inclusion indicators in a format allowing users to compare access to financial services among adults worldwide -- including by gender, age and household income. This third edition of the database was compiled in 2017 using nationally representative surveys in more than 140 developing and high-income countries. The database includes updated indicators on access to and use of formal and informal financial services. It features additional data on Fintech and digital financial services, including the use of mobile phones and internet technology to conduct financial transactions. Global Findex data is utilized to track progress toward the World Bank's goal of Universal Financial Access by 2020 and the United Nation's Sustainable Development Goals. The data also is a source for the G20 Financial Inclusion Indicators and a benchmark for policymakers seeking to expand access to and use of financial services. Lastly, this report discusses opportunities to expand access to financial services among the unbanked, and ways to promote greater use of digital financial services among the underbanked. -
Publication
The State of Social Safety Nets 2018
(Washington, DC: World Bank, 2018-03-14) World BankThe State of Social Safety Nets 2018 Report examines global trends in the social safety net/social assistance coverage, spending, and program performance based on the World Bank Atlas of Social Protection Indicators of Resilience and Equity (ASPIRE) updated database. The report documents the main social safety net programs that exist globally and their use to alleviate poverty and to build shared prosperity. The 2018 report expands on the 2015 edition, both in administrative and household survey data coverage. A distinct mark of this report is that, for the first time, it tells the story of what happens with SSN/SA programs spending and coverage over time, when the data allow us to do so. This 2018 edition also features two special themes: Social Assistance and Ageing, focusing on the role of old-age social pensions, and Adaptive Social Protection, focusing on what makes SSN systems/programs adaptive to various shocks. -
Publication
The 1.5 Billion People Question: Food, Vouchers, or Cash Transfers?
(Washington, DC: World Bank, 2018) Alderman, Harold ; Gentilini, Ugo ; Yemtsov, Ruslan ; Alderman, Harold ; Gentilini, Ugo ; Yemtsov, Ruslan ; Abdalla, Moustafa ; Al-Shawarby, Sherine ; Bhattacharya, Shrayana ; Falcao, Vanita Leah ; Hastuti ; Hernández, Citlalli ; Oliveira, Victor ; Prell, Mark ; Puri, Raghav ; Scott, John ; Smallwood, David ; Sooriyamudali, Chinthani ; Sumarto, Sudarno ; Tiehen, Laura ; Tilakaratna, Ganga ; Timmer, PeterMost of the people in low and middle-income countries covered by social protection receive assistance in the form of in-kind food. The origin of such support is rooted in countries’ historical pursuit of three interconnected objectives, namely attaining self-sufficiency in food, managing domestic food prices, and providing income support to the poor. This volume sheds light on the complex, bumpy and non-linear process of how some flagship food-based social protection programs have evolved over time, and how they currently work. In particular, it lays out the broad trends in reforms, including a growing move from in-kind modalities to cash transfers, from universality to targeting, and from agriculture to social protection. Case studies from Egypt, India, Indonesia, Mexico, Sri Lanka, and United States document the specific experiences of managing the process of reform and implementation, including enhancing our understanding of the opportunities and challenges with different social protection transfer modalities. -
Publication
Monitoring Global Poverty: Report of the Commission on Global Poverty
(Washington, DC: World Bank, 2017) World BankIn 2013, the World Bank Group announced two goals that would guide its operations worldwide. The first is the eradication of chronic extreme poverty -- bringing the number of extremely poor people, defined as those living on less than 1.25 ppp-adjusted dollars a day, to less than 3% of the world population by 2030. The second is the boosting of shared prosperity, defined as promoting the growth of per capita real income of the poorest 40% of the population in each country. Last year, UN member nations agreed in New York to a set of post-2015 Sustainable Development Goals (SDG), the first and foremost of which is the eradication of extreme poverty everywhere, in all its forms. Both the language and the spirit of the SDG objective reflect the growing acceptance of the idea that poverty is a multi-dimensional concept that reflects multiple deprivations in various aspects of well-being. That said, there is much less agreement on the best ways in which those deprivations should be measured; and on whether or how information on them should be aggregated. This report advises the Bank on the measurement and monitoring of global poverty on two areas: • What should be the interpretation of the definition of extreme poverty, set in 2015 in Purchasing Power Parity (PPP)-adjusted dollars a day per person? • What choices should the World Bank make regarding complementary monetary and non-monetary poverty measures to be tracked and made available to policy-makers? The World Bank plays an important role in shaping the global debate on combatting poverty, and the indicators and data the Bank collates and makes available shape opinion and actual policies in client countries, and, to a certain extent, in all countries. How we answer the above questions can therefore have a major influence on the global economy. -
Publication
Earth Observation for Water Resources Management: Current Use and Future Opportunities for the Water Sector
(Washington, DC: World Bank, 2016-04-12) García, Luis ; Rodríguez, Juan Diego ; Wijnen, Marcus ; Pakulski, Inge ; García, Luis ; Rodríguez, Juan Diego ; Wijnen, Marcus ; Pakulski, IngeThis book describes some key global water challenges, perspectives for remote sensing approaches, and their importance for water resources-related activities. It presents eight key types of water resources management variables, a list of sensors that can produce such information, and a description of existing data products with examples. This book provides a series of practical guidelines that can be used by project leaders to decide whether remote sensing may be useful for the problem at hand and suitable data sources to consider if so. The book concludes with a review of the literature on reliability statistics of remote-sensed estimations. -
Publication
The World Bank Group A to Z 2016
(Washington, DC: World Bank, 2016) World Bank GroupNote: Information in this title reflected the institution at the time of publication and may be subject to change... The World Bank Group A to Z provides concise and essential information about the mission, policies, procedures, products, and services of the new World Bank Group. This second edition is a follow-up to the first volume released for the 2014 Annual Meetings. The World Bank Group A to Z series builds on previous editions of A Guide to the World Bank to include features not found in its predecessors including: a graphical introduction to the World Bank Group, highlighting the Bank Group’s goals, financials, regions, and results; examples and photos of Bank Group projects and programs; and tools to guide you to the information you are looking for (even if you don’t know exactly what that is). It also reflects the wide-ranging reforms that have taken place within the World Bank Group in recent years, including the launch of the new World Bank Group Strategy; new approaches to development; the establishment of new Global Practice Groups and Cross Cutting Solutions Areas; and the goal of becoming a “Solutions Bank,” one that will marshal the vast reserves of evidence and experiential knowledge across the five World Bank Group agencies and apply them to local problems. With more than 280 entries arranged in encyclopedic A-to-Z format, readers can easily find up-to-date information about the five agencies of the World Bank Group and the wide range of areas in which they work: from agriculture, education, energy, health, social protection and labor to gender, jobs, conflict, private sector development, trade, water and climate change. The World Bank Group’s work in all of these areas now focuses on two new twin goals: eliminating extreme poverty by 2030 and boosting shared prosperity of the poorest 40 percent in every developing country.