Machine learning algorithms are excellent at answering “yes” or “no” questions. For example, they can scan huge datasets and correctly tell us: Does this credit card transaction look fraudulent? Is there a cat in this photo?
But it’s not only the simple questions – they can also tackle nuanced and complex questions.
Today, machine learning algorithms can detect over 100 types of cancerous tumors more reliably than a trained human eye. Given this impressive accuracy, we started to wonder: what could machine learning tell us about where people live? In cities that are expanding at breathtaking rates and are at risk from natural disasters, could it warn us that a family’s wall might collapse during an earthquake or rooftop blow away during a hurricane?
Small states (SST)
Its annual average economic growth of 7.6 percent between 2007 and 2017 far exceeds the average global growth rate of 3.2 percent.
This high growth has contributed to reducing poverty: Extreme poverty was mostly eradicated and dwindled from 8 percent in 2007 to 1.5 percent in 2017, based on the international poverty line of $1.90 a day (at purchasing power parity).
Access to basic services such as health, education and asset ownership has also improved significantly.
The country has a total of 32 hospitals and 208 basic health units, with each district hospital including almost always three doctors.
The current national literacy rate is 71 percent and the youth literacy rate is 93 percent.
The recent statistics on lending, inflation, exchange rates and international reserves (Sources: RMA, NSB) confirm that
Gross foreign reserves have been increasing since 2012 when the country experienced an Indian rupee shortage.
Reserves exceeded $1.1 billion, equivalent to 11 months of imports of goods and services, which makes the country more resilient to potential shocks.
The nominal exchange rate has been depreciating since early 2018 (with ngultrum reaching Nu. 73 against the US dollar in early November).
Imagine a state-of-the-art processing plant that harnesses laser-sorting technology to produce a whopping 15,000 tons of raisins a year, linking up thousands of local farmers to international markets and providing job opportunities to women.
To find such a world-class facility, look no further than
In Afghanistan’s volatile business environment, let alone its deteriorating security, Rikweda’s story is an inspiration for budding entrepreneurs and investors.
It also is an illustration of the government’s reform efforts to create more opportunities for Afghan businesses to open and grow, which were reflected in the country’s record advancement in the Doing Business 2019 index, launched today by the World Bank.
And Afghanistan is not the only South Asian country this year that took a prominent place among top 10 improvers globally.
. Its ranking has improved by 23 places this year and puts India ahead of all other countries in South Asia. This year, India is ranked 77th, up from 100th last year.
Together with more than 1,500 academics, scientists, and policymakers, we participated last week in the Rice Olympics.
The event—formally known as the International Rice Congress (IRC)—provides a unique window on the latest innovations and policies about the globe’s most important staple crop.
“Rice isn’t just a crop,” said Rajan Garjaria, Executive Vice President for Business Platforms at Corteva Agriscience. “It’s a way of life. A place can be made or broken, based on their rice crop.”
The Congress discussed a breadth of topics, but what stood out the most is that rice can be instrumental in making people healthier and in sustaining the planet.
The South Asia Food and Nutrition Security Initiative (SAFANSI), a World Bank partnership that aims to improve food and nutrition security across the region, participated in the Symposium on Sustainable Food Systems and Diets and presented its latest research on linkages among food prices, diet quality, and nutrition security.
Overall, the event underscored and discussed relevant strategies to transform nutrition security challenges into opportunities.
At the World Bank, we know that social inclusion is not only the right thing but also the economically smart thing to do. More inclusive societies are more likely to make the most of their entire stock of human capital. More open and inclusive cities are better placed to attract international capital and talent. More open and inclusive countries make more attractive international tourist destinations.
2,300 LGBTI people from Albania, Bosnia and Herzegovina, Croatia, Kosovo, FYR Macedonia, Montenegro, and Slovenia shared their experiences in the largest-ever survey of sexual and gender minorities in the region. The research report “Life on the Margins: Survey Results of the Experiences of LGBTI People in Southeastern Europe” provides a detailed account of the responses and tells a story of discrimination, exclusion, and violence.
Helena Costa, a smallholder from Sao Tome & Principe, has been investing in her family’s small agribusiness for a decade, wanting it to be more productive, more profitable, and produce quality fruits and vegetable products to supply local and export markets. The quality improvements she’s invested in include food safety practices, shifting to organic production, and planting biofortified crops. However, these food quality improvements are not yet recognized by the market. So, for Helena, improving the nutritional value of her food products is an extra cost that puts her at a disadvantage in relation to her competitors.
"I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories.
Like thousands of other poor women, Sharmin came down to Bangladesh’s capital from her village in the country’s north to seek a better job and create a more prosperous future for her family—leaving behind a life of crushing poverty.
Today, as we mark End Poverty Day 2018, it’s important to note that Sharmin’s heartening story is one of many in Bangladesh and the rest of South Asia, where economic growth has spurred a dramatic decline in extreme poverty in the last 25 years.
And the numbers are striking:
Even more remarkable, South Asian countries experienced an increase in incomes among the poorest 40 percent of 2.6 percent a year between 2010-2015, faster than the global average of 1.9 percent.
It’s worth thinking about how far South Asia has come – but remaining clear-eyed about how far we must go to finish the fight against extreme poverty.
Indeed, it is increasingly clear that
True, the extreme poverty rate is significantly lower in India relative to the average rate in Sub-Saharan Africa. But because of its large population, India’s total number of poor is still large.
And while there has been a substantial decline in the numbers and rate of people living below $1.90 in South Asia, the number of people living on less than $3.20 has declined by only 8 percent over 1990-2015 because of the growing population.
A massive storm system brought historic flooding across South Eastern Europe in 2014, causing more than $2 billion in damages in Bosnia and Herzegovina and shrinking Serbia’s economy by nearly a full percent. Two years later, in August 2016, thunderstorms in the Former Yugoslav Republic (FYR) of Macedonia dropped 93 liters of precipitation per square meter in just a few hours, sparking flash floods in the capital, Skopje, that killed at least 21 people.
In both cases, some of these impacts could have been reduced by improving cross-border monitoring and forecasting while strengthening early warning services at a national level. Fortunately, governments are now working together to improve information exchanges across boundaries and strengthening regional early warning systems through the South-East European Multi-Hazard Early Warning Advisory System.
Just look around the world: .
To meet that challenge and be able to compete in the global economy, countries need to prepare their workforces now for the tremendous challenges and opportunities driven by technological change.
To that end, .
The Index will be released on October 11 at the Bank’s Annual Meetings in Bali as part of the Human Capital Project, a global effort led by the Bank to accelerate investments in people for greater equity and economic growth.
No doubt, any country ranking gets high visibility and, sometimes, meets controversy. But I hope it triggers a dialogue about policies to promote investments in people.
To be clear, —or the “frontier”.
The index, irrespective of whether it is high or low, is not an indication of a country’s current policies or initiatives, but rather reflects where it has emerged over years and decades.
The index ranges from 0 to 1 and takes the highest value of 1 only if a child born today can expect to achieve full health (defined as no stunting and survival up to at least age 60) and complete her education potential (defined as 14 years of high-quality school by age 18).
The 2016 monsoon was much heavier than usual affecting almost all of Bhutan, especially in the south.
Landslides damaged most of the country’s major highways and smaller roads. Bridges were washed away, isolating communities.
The Phuentsholing -Thimphu highway which carries food and fuel from India to half of Bhutan was hit in several locations, and the Kamji bridge partially collapsed, setting residents of the capital city and nearby districts into panic for fear of food and fuel shortages.
Overall the floods drove down Bhutan’s gross domestic product by 0.36 percent.
In 2015, Djibouti was considered one of the five data deprived countries in the Middle East and North African (MENA) region. The last household expenditure survey had been done in 2013, and no concrete plans were on the table to conduct a new one. Moreover, Djibouti’s statistical capacity to conduct surveys and censuses was at the bottom of the region and its statistical capacity score (46.7) lagged the MENA region (64.4) and other low income countries (63.4). Thus, the statistical system in Djibouti ran the risk of not being able to provide timely information and help inform the public policy dialogue.
As recently as 2006, Timor-Leste was in crisis. Only a few years into independence, the country was torn by riots and political turmoil. Not surprisingly, its business climate was one of the region’s worst.
But . Nonetheless, Timor-Leste remains a fragile state, and with oil accounting for 80 percent of GDP, it is the world’s second most oil-dependent nation.
Home to Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka, South Asia is one of the world’s most dynamic regions.
It's also one of the least integrated.
A few numbers say it all: Intra-regional trade accounts for only 5 percent of South Asia’s total trade; Intra-regional investment is smaller than 1 percent of overall investment.
Accumulated scientific evidence shows that proper nutrition and stimulation in utero and during early childhood benefit physical and mental well-being later in life and contribute to the development of children’s cognitive and socioemotional skills. Yet, a critical but often overlooked fact in policy design and program development across the world is the association between maternal depression and childhood stunting -- the impaired growth and development measured by low height-for-age.
One year after hurricanes Irma and Maria swept through the Caribbean, leaving a trail of devastation and turmoil, the calm seems to have returned to the region after the unprecedented storms.
Children are back in school, rebuilding has started, tourism is slowly rebounding and businesses have started to reopen.
- Sustainable Communities
- Building Back Better
- Hurricane Maria
- Hurricane Irma
- disaster risk management
- Climate Change
- Latin America & Caribbean
- St. Vincent and the Grenadines
- St. Lucia
- St. Kitts and Nevis
- Dominican Republic
- Cayman Islands
- Bahamas, The
- Antigua and Barbuda