Global megatrends such as income inequality, climate change, demographic shifts, technological progress, and urbanisation are shaping the future of societies. Yet, their quantitative impacts on development are neither well understood nor established. This paper examines the individual and combined effects of these global forces on poverty, using both cross-section and …
This paper nowcasts poverty in India, one of the countries with the largest population below the international poverty line of $1.90 per person per day. Because the latest official household survey dates back to 2011/12, there is considerable uncertainty about recent poverty trends in the country. Applying a pass-through and …
Digital Senegal for Inclusive Growth explores possible solutions for a more intensive use of digital technologies, especially by small and medium enterprises, to increase their productivity and create more quality jobs. The report will contribute to helping women and young people in particular to gain access to decent work and …
Sluggish growth, low human capital, labor market weaknesses, and exposure to shocks are holding Nigeria’s poverty reduction back says a new World Bank report “A Better Future for All Nigerians: Nigeria Poverty Assessment 2022”. The report represents the culmination of the World Bank’s engagement on poverty- and inequality-relevant data and …
The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 …
The India Supplement 2022—Inequality Kills—reveals that when 84 percent of households in the country suffered a decline in their income in a year marked by tremendous loss of life and livelihoods, the number of Indian billionaires grew from 102 to 142. It also states that just a one percent wealth …
This paper examines the short-term implications of the COVID-19 pandemic for inequality in developing countries. The analysis takes advantage of high-frequency phone survey data collected by the World Bank to assess the distributional impacts of the pandemic through the channels of job and income losses, food insecurity, and children’s education …
The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising inflationary pressures. After expanding by 5.5 per cent in 2021, the global output is projected to grow by only 4.0 per cent in 2022 and 3.5 per …
This report identifies climate resilience solutions for urban poor in Indonesia and their enabling factors, building on national policies and programs and taking into account the priority sectors for climate-resilient development. Climate risk threatens Indonesia’s socioeconomic development, and it is likely to exacerbate the plight of Indonesians living below and …
This paper looks at the prioritization of agricultural value chains (VCs) for the allocation of R&D; resources that maximize development outcomes (poverty, growth, jobs, and diets). Considering that growth in VCs affects those various outcomes differently, as expansion pathways result in the diverse use of production factors and inputs, trade-offs …
This report presents the results of a collaboration between FAO and the Oxford Poverty and Human Development Initiative (OPHI), at the University of Oxford. The first part of the report proposes a framework for measuring multidimensional poverty in rural areas and describes the motivation for the Rural Multidimensional Poverty Index …
Sub-Saharan Africa has achieved significant gains in reducing the levels of extreme poverty in recent decades, yet the region continues to experience challenges across the development indicators, including energy access, literacy, delivery of services and goods, and jobs skills, as well as low levels of foreign direct investment. Exacerbating the …
The framework responds to a central topic for the green economic recovery agenda regarding the mobilization of resources, creating fiscal and monetary policies that scale up social protection, support employment, reduce poverty, and address inequalities. It proposes four pillars to be applied across public, innovative and multilateral funding sources to …
OVID-19 has affected children at an unprecedented scale, making it the worst crisis for children UNICEF has seen in its 75-year history, the United Nations Children’s agency said in a report. The report Preventing a lost decade: Urgent action to reverse the devastating impact of COVID-19 on children and young …
The African Continental Free Trade Area (AfCFTA) could reduce COVID-19-induced growth contraction, poverty and inequality trends and spur sustainable and inclusive growth on the continent if stronger support measures targeting women, young traders and small businesses are implemented, according to UNCTAD’s Economic Development in Africa Report 2021. The report shows …
As per the latest World Inequality Report 2022, India is a “poor and very unequal country, with an affluent elite,” where 57 percent of the national income is held by top 10 percent, while the share of the bottom 50 percent is merely 13 percent in 2021. There was also …
There have been many successes and failures in economic and social development of India in the last 75 years. The recent covid-19 pandemic had also an adverse impact on growth, employment, health and education etc. In this paper, issues and policies are discussed beyond India@75 for achieving growth, inclusion and …
Agricultural Development: New Perspectives in a Changing World is the first comprehensive exploration of key emerging issues facing developing-country agriculture today, from rapid urbanization to rural transformation to climate change. In this four-part volume, top experts offer the latest research in the field of agricultural development. Using new lenses to …
Chandigarh ranked fourth among eight Union Territories (UTs) with 5.97 percent of city’s population under Multidimensional Poverty Index (MPI) — a new index that is based on health, education, standard of living. In case of states, the performance of Chandigarh is poorer than five states including Punjab (5.59 percent), Tamil …
The Nigeria Development Update (NDU) is a World Bank report series produced twice a year around Spring and Fall. The NDU assesses recent economic and social developments and prospects in Nigeria, and places these in a longer-term and global context. It also provides an in-depth examination of selected economic and …
Central African governments introduced several socioeconomic measures after COVID-19 first surfaced. CEMAC countries and the Democratic Republic of Congo enacted stimulus measures equivalent to several percentage points of GDP, combining tax relief and liquidity injections with spending for public health measures and social sectors. These have varied by country depending …
