The World Region
The Belt and Road Initiative (BRI) is an ambitious effort to deepen regional cooperation and improve connectivity on a trans-continental scale. While the scope of the initiative is still taking shape, the BRI consists primarily of the Silk Road Economic Belt, linking China to Central and South Asia and onwards to Europe, and the New Maritime Silk Road, linking China to the nations of South East Asia, the Gulf Countries, North Africa, and on to Europe. Six other economic corridors have been identified to link other countries to the Belt and the Road.
Over the past two decades, rated infrastructure worldwide has grown threefold. Some periods of flatter growth aside, the rise of infrastructure lending for both project finance and corporates has helped steer the sector’s development.
All the while, the infrastructure sector has developed a more robust risk profile compared to companies primarily involved in the production of goods, otherwise known as non-financial corporates (NFCs). And,
Yunus owns a fabric store in Blantyre, Malawi. The store was founded by his grandfather, who immigrated to Malawi in 1927, and has now been in his family for three generations. Business is good, Yunus said, but that the cost of essential services like electricity and water has gone up since his grandfather and father owned the store. Even so, he remains optimistic.
Marija Bosheva is a student at an agriculture and forestry vocational high school in Kavadarci, Macedonia. Like many high school students around the world, she takes daily lessons in history, math, biology, and chemistry. However, unlike many of her peers, she is also studying oenology — the art of making wine.
Are you carrying on a family tradition, like Yunus? Do you work or study in an entirely new field that didn’t exist when your parents were your age? Are you in the same position vis a vis your peers as your parents were vis a vis theirs?
- Fair Progress
- Economic Mobility
- Social Mobility
- Educational Mobility
- Intergenerational Mobility
- Social Development
- Labor and Social Protection
- The World Region
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
World Bank CEO Kristalina Georgieva giving opening remarks at a high-level anti-corruption event at the 2018 Spring Meetings of the IMF and the World Bank Group. Photo: World Bank
We have to fight corruption by making sure it doesn’t happen in the first place and use technology to give every citizen a voice in this effort, said World Bank CEO Kristalina Georgieva in her opening remarks at a high-level event last Wednesday where leaders from government, the private sector, civil society, media, and academia discussed how to catalyze innovation to end corruption.
During a lively discussion, Thuli Madonsela, an Advocate of the High Court of South Africa, emphasized that . Peter Solmssen, Former General Counsel of Siemens AG, and AIG encouraged building trust that can lead to embracing the private sector as a potential partner.
Time use data is increasingly relevant to development policy. This data shows how many minutes or hours individuals devote to activities such as paid work, unpaid work including household chores and childcare, leisure, and self-care activities. It is now recognized that individual wellbeing depends not just on income or consumption, but also on how time is spent. This data can therefore improve our understanding of how people make decisions about time, and expand our knowledge of wellbeing.
Time use data reveals how, partly due to gender norms and roles, men and women spend their time differently. There is an unequal distribution of paid and unpaid work time, with women generally bearing a disproportionately higher responsibility for unpaid work and spending proportionately less time in paid work than men.
How do women and men spend their time?
In a forthcoming paper with Mariana Viollaz (Universidad Nacional de La Plata, Argentina), we analyze gender differences in time use patterns in 19 countries (across 7 regions and at all levels of income). The analysis confirms the 2012 World Development Report findings of daily disparities in paid and unpaid work between women and men.
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Data is the key ingredient for evidence based policy making. A growing family of artificial intelligence techniques are transforming how we use data for development. But for these and more traditional techniques to be successful, they need a foundation in good data. We need high quality data that is well managed, and that is appropriately stored, accessed, shared and reused.
The World Bank’s new data catalog transforms the way we manage data. It provides access to over 3,000 datasets and 14,000 indicators and includes microdata, time series statistics, and geospatial data.
Open data is at the heart of our strategy
Since its launch in 2010, the World Bank’s Open Data Initiative has provided free, open access to the Bank’s development data. We’ve continuously updated our data dissemination and visualization tools, and we’ve supported countries to launch their own open data initiatives.
We’re strong advocates for open data, but we also recognize that some data, often by virtue of how it has been acquired or the subjects it covers, may have limitations on how it can be used. In the new data catalog, rather than having such data remain unpublished, we’re making many of these previously unpublished datasets available, and we document any restrictions on how they can be used. This new catalog is an extension of the open data catalog and relies heavily on the work previously done by the microdata library.
Solar’s growing share of the energy mix is being driven by better storage capacity and attractive generation costs. Large solar parks are now competitive with most alternatives; their average cost is below 5 cents per kilowatt-hour in some developing countries. Smaller-scale solar grids are also getting more competitive, opening new paths to financing this clean energy source. With rapid improvements in energy efficient lighting, refrigeration, water pumps, and other technologies for households, solar may soon be as game-changing as mobile phones have been in the last decade.
Solar’s potential is evident from its quick growth in India, where installed capacity recently topped 20 gigawatts (GW), putting the country closer to its ambitious target of 100 GW from clean energy by 2022 (an amount comparable to total installed capacity in the United Kingdom).
By Petteri Orpo, Minister for Finance, Finland
According to the International Monetary Fund (IMF), Climate change increases poverty and conflicts, as well as migration pressure.
It’s time to act. In terms of scale, the solution to the climate crisis is an exceptional challenge in the history of humankind. Emissions must be reduced quickly in all sectors of the economy.