Kuraisa lives in the Majhaulia village in Muzaffarpur district of Bihar, India. As an artisan, she and her family create traditional lac bangles – colorful bracelets made of resinous materials and usually molded in hot kilns – in their small home production unit.
In early 2016, Kuraisa joined a self-help group made up of other lac bangle producers and supported through the World Bank’s Bihar Rural Livelihoods Project (BRLP), also known locally as JEEViKA.
The self-help group taught Kuraisa new design techniques and loaned her $2,300 to start her own business. One year later , Kuraisa has added two more production units to her home, which provide full time jobs to her relatives and to as many as 6 additional workers during peak season.
Kuraisa’s annual business income has now tripled to $10,000. The self-help group has expanded and nearly 50 artisan families in the village have joined, giving rise to a village enterprise cluster with an annual revenue of $450,000.
Sixty-five million people worldwide are displaced by conflict and war.
Developing countries host 95% of them.
Displaced people need help. But so do their host communities, which face enormous sudden pressures on their infrastructure, public services and markets. These pressures have the potential to undermine political stability.
This is why international development institutions are rethinking how to approach humanitarian crises, and no longer consider humanitarian assistance and development interventions as two separate, sequential responses. We, at the World Bank, have been ramping up our support to both people and communities affected by fragility, conflict and violence as well as disaster risk, which can exacerbate instability.
Being able to provide quality financial services before, during and after periods of humanitarian crises can improve people’s resilience and help sustain livelihoods.
Standing in line to sign up for the Digital Youth Summit in Peshawar this May, I struck up a conversation with a young woman from Peshawar. I was pleasantly surprised by her level of interest and eagerness in participating at the tech conference. She was keen to develop an app that would allow her to sell home-based food products at a national level. She had already gathered a group of friends who would work with her on different aspects of task planning and implementation. Her enthusiasm was palpable and infectious. Born and raised in South Asia, I understand the constraints local women face in largely male dominated societies. I was therefore heartened by the large turn-out of women queuing to enroll for the workshops.
A few years ago, this would have seemed a strange question, as debt management and climate policy have traditionally been regarded as unrelated fields. But at a workshop at the annual Debt Management Forum in Vienna on May 22, 2017, debt managers from 50 developing countries discussed the role of emerging debt instruments such as green bonds and blue bonds, in raising capital for climate-friendly projects that range from reforestation to renewable energy.
While green and blue bonds resemble more traditional debt instruments in terms of structure and returns, they represent a novel approach to climate finance. Created just ten years ago, the total value of green bonds has grown at a spectacular pace, reaching US$82.6 billion in 2016. By the end of 2017, the total value of green bonds will likely exceed US$100 billion.
I am still shaken and saddened by the many lives lost to the attacks in Kabul two weeks ago and since then there has been more violence. As we grieve these tragedies, now is the time to stand strong with the people of Afghanistan and renew our commitment to build a peaceful and prosperous country.
To that end, we announced this week a new financing package of more than half-a-billion dollars to help Afghanistan through its struggle to end poverty, increase opportunity to help stabilize the country, and ensure all its citizens can access basic services during a time of economic uncertainty.
Afghanistan has come a long way since 2001 and achieved much progress under extremely challenging circumstances. Life expectancy has increased from 44 to 60 years, maternal mortality has decreased by more than three quarters and the country now boasts 18 million mobile phone subscribers, up from almost none in 2001.
Yet, the development needs in Afghanistan remain massive. Nearly 40 percent of Afghans live in poverty and almost 70 percent of the population are illiterate. The country needs to create new jobs for about 400,000 people entering the labor market each year. The situation is made more challenging by the return of around 5.8 million refugees and 1.2 million internally displaced people.
Our new support is in line with our belief that Afghanistan’s economic and social progress can also help it address security challenges. Our financing package meets the pressing needs of returning refugees, expands private-sector opportunities for the poor, boosts the development of five cities, expands electrification, improves food security, and builds rural roads.
- Sustainable Communities
- fragile states
- fragile and conflict affected states
- Conflict and Fragility
- Urban Development
- Social Development
- Public Sector and Governance
- Private Sector Development
- Migration and Remittances
- Financial Sector
- South Asia
Trời đã về đêm nhưng đường phố tại các thành phố và thị xã tại Việt Nam vẫn nhộn nhịp. Nền kinh tế tăng trưởng mạnh mẽ trong nhiều năm đã làm xuất hiện một tầng lớp trung lưu mới với khả năng chi tiêu nhiều hơn cho các hàng quán mở cửa tới thâu đêm, các cửa hàng bán lẻ lúc nào cũng đông khách và tỉ lệ sở hữu điện thoại di động ở mức cao—trung bình mỗi người có trên một máy điện thoại di động. Tuy nhiên, nền kinh tế vẫn dựa trên giao dịch bằng tiền mặt, phần đông người trong độ tuổi trưởng thành vẫn không sử dụng dịch vụ tài chính chính thức, ví dụ sử dụng tài khoản giao dịch. Chuyển sang hệ thống không dùng tiền mặt chính là một ưu tiên trong quá trình nâng cao hiệu quả, thúc đẩy phát triển kinh doanh và kinh tế, giảm nghèo tại những vùng nông thôn hẻo lánh nơi các nhà cung cấp dịch vụ tài chính truyền thống khó vươn tới.
Kể từ năm 2016 Ngân hàng Nhà nước Việt Nam đã hợp tác cùng Nhóm Ngân hàng Thế giới hướng tới xây dựng một chiến lược quốc gia về tài chính toàn diện trên cơ sở một cách tiếp cận tổng thể. Mặc dù chiến lược này hiện vẫn đang còn trong quá trình xây dựng nhưng một số điểm chính đã được xác định rõ: chú trọng tài chính trên nền tảng công nghệ số bao gồm chuyển các chương trình thanh toán của chính phủ sang sử dụng các dịch vụ và nền tảng công nghệ số ; cung cấp dịch vụ tài chính tới các vùng nông thôn và dân tộc thiểu số còn lạc hậu và tỉ lệ nghèo còn cao hơn tỷ lệ nghèo bình quân cả nước; và tăng cường bảo vệ người tiêu dùng và phổ biến kiến thức tài chính giúp thế hệ người tiêu dùng mới được trang bị tốt hơn với dịch vụ tài chính hiện đại.
Bangladesh has made remarkable progress toward ending poverty and sharing prosperity with more of its people. As recently as 2000, about one in three Bangladeshis lived in extreme poverty based on the national poverty line; today, this has fallen to 13 percent. The poorest 40 percent of the population also saw positive per person consumption growth. Like in most countries, a key reason was broad-based growth in earnings. With more than 20 million people still living in extreme poverty and many workers with insecure jobs, Bangladesh cannot be complacent. It needs faster economic growth that can deliver more and better jobs for everyone.
With financial inclusion now established as an objective for most financial sector policymakers worldwide, the day-to-day responsibility for ensuring its achievement in a responsible, consumer-friendly, and evidence-based manner often falls to financial sector supervisors. Two challenges are particularly relevant: first, with an increased policy focus on financial inclusion, supervisors are often tasked with adapting reporting systems to collect granular data to monitor financial inclusion and inform policy. For example, how many customers are using each product? Are newly opened accounts active or dormant? What is the rate of growth of agent networks in rural areas?
Second, in a given market in order to improve competition and consumer choice, and ultimately financial inclusion. This means that non-bank FSPs such as mobile network operators (MNOs), fintech companies, financial cooperatives and microfinance institutions are increasingly brought under the supervisory mandate of supervisory authorities. This presents a significant challenge for financial sector supervisors who must cover a large and diverse set of FSPs with distinct risk profiles and capacities, stretching their already limited resources. Collecting and analyzing accurate, relevant, and timely information from these providers is at the heart of this supervisory challenge.
to address these challenges, an approach known to some as “suptech” (i.e. supervision technology). The National Bank of Rwanda (BNR) provides a case in point.
The demand for decent, affordable – and safe – housing for growing urban populations is a nagging problem for financially strapped governments throughout the developing world. According to McKinsey & Co., a third of the world’s urban population – 1.6 billion people – will be hard pressed to obtain decent housing by 2025.
, quickly, by strapping themselves inside the myth that it is always better to build new homes rather than strengthening existing ones.
In Colombia, for example, 98% of all housing subsidies fund the acquisition of a new house or apartment; almost nothing goes to retrofitting existing homes to withstand the forces of nature and the tests of time.
While new construction may be a more attractive way to create schools, hospitals, and other public infrastructure, housing is a bigger, more pressing and complicated problem that may have a simpler solution:
It’s not only a more efficient way to deploy limited government subsidies, but also a strategy to leverage these public funds with another private source in reach of governments: homeowners.
An estimated 1.1 billion people worldwide cannot officially prove their identity, according to the 2017 update of the World Bank's Identification for Development (ID4D) Global Dataset.
How do we prove who we are to the people and institutions with whom we interact? Imagine trying to open your first bank account, prove your eligibility for health insurance, or apply for university without an ID; quality of life and opportunities become severely restricted. An officially-recognized form of ID is the key enabler – critical not only for exercising a wide range of rights but also for accessing healthcare, education, finance, and other essential services. According to the World Bank Group’s latest estimates, this is problematic for an estimated 1.1 billion people around the globe.
Addressing this most basic barrier was the rationale behind the international community’s decision to set target 16.9 in the UN Sustainable Development Goals: “to provide legal identity for all, including birth registration” by the year 2030. It was also the impetus for the World Bank Group’s launch of the Identification for Development (ID4D) initiative in 2014.
In order to work effectively towards this ambitious goal, governments and development partners need to understand the scale of the challenge – and every year the World Bank Group updates the ID4D Global Dataset to do just that. Using a combination of publicly available data (e.g. birth registration coverage rates from UNICEF) and self-reported data from ID agencies, we estimate the population without an officially recognized ID in 198 economies. In addition, we collate relevant qualitative information such as details on the agencies and ministries responsible, and the prevalence of systems which are digital (now introduced in 133 economies, but not necessarily with full coverage in each).