With the phenomenal growth of microfinance institutions representing 30 million members with over $2 billion of annual disbursement over the past two decades, it is important to understand the dynamics of microcredit expansion and its induced impact on household welfare. A new World Bank working paper by Shahidur R. Khandker and Hussain A. Samad uses long panel survey data spanning over 20 years to examine the dynamics of microcredit programs in Bangladesh.
LTD Editors's blog
President Jim Yong Kim, Prof Jeff Sachs, Chief Economist Kaushik Basu and Annie Lowrey of the New York Times participated in a panel last Friday titled 'Sharing Prosperity, Delivering Results.'
The four discussed the challenges of achieving the World Bank Group's goals of ending extreme poverty and boosting shared prosperity, and in so doing, all stressed the need to take on the goals with an activist's zeal.
From calling for a Data Revolution to analyzing the power of migration and development, to sharing prosperity and the moral imperative of ending poverty and discrimination, there are a dizzying array of events, meetings and ideas buzzing at this week's Spring Meetings of the WB and IMF.
On Data, you can watch the webcast of an event at the Bank where Jim Yong Kim, the Chief Economist of the AFDB and Haishan Fu of the Data Group in the Development Economics Vice Presidency spoke of their vision for better statistics harnessed for the greater good. Also, David Roodman has a compelling post on what it will take to overhaul methods of data collection and donor as well as country coordination.
This paper reviews the empirical evidence on the existence of poverty traps, understood as self-reinforcing mechanisms through which poor individuals or countries remain poor. Poverty traps, understood as self-reinforcing mechanisms through which poor individuals or countries remain poor, have captured the interest of many development policy makers, because poverty traps provide a theoretically coherent explanation for persistent poverty. They also suggest that temporary policy interventions may have long-term effects on poverty. However, a review of the reduced-form empirical evidence suggests that truly stagnant incomes of the sort predicted by standard models of poverty traps are in fact quite rare. Read the entire paper here.
Virginia Gewin of Nature magazine carries a story on USAID's new Global Development Lab, a $100 million effort that will fund research into technological solutions for targeted problems related to food security and nutrition, maternal and child survival, energy access and sustainable water solutions.
The Washington Post's Monkey Cage has a post on crony capitalism in Tunisia that draws from the findings of a widely reported WB working paper by Bob Rijkers, Caroline Freund and Antonio Nucifora titled 'All in the Family: State Capture in Tunisia.'
Kayode Ogunbunmi, correspondent from City Voice newspaper in Nigeria, covered the World Bank's Annual Land and Poverty Conference in Washington this week his story for Reuters TrustLaw website looks at how foreign investors are often blamed for Africa land grabs conducted by local ruling elites.
A report by ODI, "The Chronic Poverty Report 2014-2015:The Road to Zero Extreme Poverty," provides an impoverishment index to help countries determine which priorities will pull their citizens out of poverty.
'Remittances and Vulnerability in Developing Countries,' a new World Bank Policy Research Working Paper by Giulia Bettin, Andrea F. Presbitero, and Nikola Spatafora, examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies.
A piece titled 'The dividend is delayed' in the March 8 edition of The Economist summarizes a new research paper by Jean-Pierre Guengant and John May titled, 'African Demography,' which predicts a higher fertility rate for Africa than calculated by the UN.
Sarah Gray writes in Salon about the future of the internet in 2025.
The following post is a part of a series that discusses 'mind and culture,' the theme of the World Bank’s upcoming World Development Report 2015.
For one night, the Cirque du Soleil closes all its shows in Las Vegas. Instead, more than 100 artists come together to create one magnificent show in support of One Drop to give out a simple, yet very powerful message: water, for today and forever. For One Drop, awareness is as essential as economic development to drive change to make water accessible to all. The non-profit organization uses social arts to connect, communicate, and convince communities to adopt sound water management practices that ensure sustainability in the long run. The Let’s Talk team caught up with Jacques Rajotte, Chief Operating and Innovation Officer, and Danielle Valiquette, Chief International Programs Officer, One Drop, on their visit to the World Bank last week to know more about operationalizing social arts as an impactful tool for social transformation.
Anne Marie Slaughter of New America has a podcast on women's role in the Ukraine uprising.
Philanthropy News Digest reports on the launch of a new Gloldman Sachs-World Bank Group $600 million fund for women entrepreneurs.
How legal reforms improve women's welfare is a question being studied by World Bank economist Mary Hallward-Driemeier.
- weekly round up