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Poverty

The Unbanked in South Asia

Leora Klapper's picture

What is the account penetration among women in South Asia? Has the spread of bank agents affected how adults do their banking in Bangladesh and Nepal? How are people all over South Asia saving, borrowing, making payments and managing risk?

In the past, the view of financial inclusion in SAR has been incomplete, and the details unsatisfying. A patchwork of data from diverse and often incompatible household and central bank surveys was the only information available with which to construct a regional picture.

With the release of the Global Financial Inclusion Indicators (Global Findex) we now have a comprehensive, individual-level, and publicly-available database that allows for comparisons across 148 economies of how adults around the world manage their daily finances and plan for the future. The Global Findex database also identifies barriers to financial inclusion, such as cost, travel time, distance, amount of paper work, and income inequality.

Join Us At Our Three Upcoming Public Events!

South Asia's picture

Leveraging Technology and Partnerships to Promote Equity in South Asia

Wednesday, April 18 at 9:00AM

The Next South Asia Regional Flagship on equity and development (March 2013) will feature an eBook which will combine interactive multimedia as a part of the World Bank Open Data and Open Knowledge initiatives. This signals a new era in development analysis is produced and shared.

Please RSVP to Alison at areeves@worldbank.org by Tuesday, April 17th to attend.

Twitter hashtag: #wbequity

 

Breaking Down Barriers: A New Dawn on Trade and Regional Cooperation in South Asia

Thursday, April 19 at 3:00PM

Uplifting Flood-Affected Lives in Pakistan

South Asia's picture

 

For the first time ever, more than one million households ravaged by the devastating floods of 2010 are being uplifted through a unique cash transfer approach in Pakistan, employing innovative use of payment technology, control and accountability mechanisms, making it possible to give back to the flood-affected families their right to life!

How to Make Horticulture Value Chains Work for Women?

Miki Terasawa's picture

Sima is a chairperson of Ghoryan Women Saffron Association. Her association was formed by the Danish Committee for Aid to Afghan Refugees (DACAAR) and received a small grant to help improve their post-harvest processing. The women purchased a saffron drier and learned post-harvest processing, including hygiene, grading, sorting, and packaging. They identified two women trainers to ensure quality control. In 2010, the association doubled saffron production, and the sales price increased by almost 110 percent. From the user fee, the women saved Af 108,700 (approximately US$ 2,100) and plan to buy another drier. “Men now make tea for their wives, when we are busy during the saffron season,” Sima says.

Pakistan’s Most Favored Nation Status to India: A Win-Win for the Region?

Tara Beteille's picture

Trade relations between India and Pakistan appear set to improve significantly with Pakistan likely to grant India Most Favored Nation (MFN) status. The potential gains from easier trading relations are considerable for both countries. In 2009-10, official trade between the two stood at $2 billion. Studies suggest this volume could be much higher, absent formal and informal barriers. For instance, a recent SAARC report estimates trade potential to be $12 billion.

What exactly does MFN status mean?

All WTO members are bound to grant MFN treatment to member countries with respect to trade in goods. India granted Pakistan MFN status in 1996, but Pakistan held back, citing strategic considerations. Despite granting Pakistan MFN status, India continued to impose high tariffs on goods of interest to Pakistan—textiles and leather. Thus, merely according MFN status does not imply easier trade. So, does Pakistan’s offer matter? Yes, it does. It signals enthusiasm, goodwill, and a keenness to build peaceful and productive economic and political relations in the region.

Where will the gains come from?

Connecting the Dots!

Subhash Ghimire's picture

Let’s be honest. As a youth growing up in Nepal, it is sometimes very hard to get people – and by people I mean seniors in decision-making positions - to take you seriously. It is even more difficult to get them to listen to your ideas or acknowledge you as an important demographic, capable of more than burning tires and picketing politicians.

In the one week I spent in Washington DC, at the World Bank and IMF annual meetings, rushing madly between meetings, presentations, discussion forums and Indian restaurants, I learnt that this deep-rooted attitude is changing. And fast.

Maybe it is the Arab Spring. Maybe it is the realization that without embracing youth into the South Asian market economy, we will have made zero progress in terms of development even ten years down the line. Or maybe, it just makes sense – maybe we are finally realizing the inherent interconnectedness in our world. Realizing that one project from a little village in Nepal is directly linked to the socio-economic structure of our communities, countries and regions.

“I Cannot Sleep While I’m in India"

Saori Imaizumi's picture

It is India’s future that keeps Mr. Kapil Sibal, India’s Human Resource Development (HRD) Minister, awake. Last week, the World Bank hosted Mr. Kapil Sibal who spoke to a 120 strong crowd about “India and the World – Lessons Learnt and Contributions Towards the Global Knowledge Economy. “ During the lively discussion chaired by World Bank’s Tamar Manuelyan Atinc (Human Development Network Vice President) and moderated by Michal Rutkowski (South Asia Human Development Director. Mr. Sibal highlighted how India can contribute to the global knowledge economy.

Mr. Sibal, a well known Indian politician, is famous for his effort in enacting the Right of Children to Free and Compulsory Education (RTE) Act, which provides every child between 6-14 years free and compulsory education. With so many challenging issues to be solved for education in India, I was impressed with what Mr. Sibal has implemented so far as well as his grand vision for leading the country to achieve continued growth and prosperity.

Lessons from My World Bank Expedition

Sonal Kapoor's picture

My learnings from the recently concluded World Bank-IMF Annual Meetings 2011 where I represented India as a youth delegate. I am compiling them all together as lessons I learnt and how it changed my life and rewrote my history and understanding. Forever.

Lesson #1: The world has finally started taking the youth seriously.

Over the past 10 days or so, I had seen and felt that the youth opinion DOES MATTER to the policy makers at the World Bank and IMF. In individual meetings between CSOs, Bank, IMF Staff and Executive Directors, or at the Global Development debate on jobs opportunities for all, or at the flagship event, More and Better Jobs, I have realized that our opinion is acted upon stringently. Youth at the World Bank is a respected and celebrated group. When Jeremy Mark, Deputy Chief of Public Affairs, External Relations Department, encouraged me to go ahead and speak to Ms. Christine Lagarde, MD, IMF about a concern I had on issues in low income economies, I was pleasantly surprised. Honestly, I had not expected this open door policy concept of such higher up officials taking genuine and keen interest in the concerns that a youngster would have about the street children in her country, she is working with. Simply put, this sensitivity amazed me.

What Does More and Better Jobs in South Asia Mean?

Pradeep Mitra's picture

The Track Record

Imagine adding the population of Sweden—somewhat under 10 million— to your labor force year after year for a decade. Insist that the wage workers among them earn increasing real wages and that poverty among the self-employed decline over time. What you have just described is not quite South Asia's record on the quantity and quality of job creation between 2000 and 2010. The region has done better.

Poverty has fallen, not only among the self-employed, but among all types of workers—casual laborers who are the poorest, regular wage and salary earners who are the richest and the self-employed who are in between. This hierarchy of poverty rates among the three employment types has endured over decades. Thus improvements in job quality have occurred predominantly within each employment type rather than through movement across types. The composition of the labor force among the employment types shows little change over time. The self-employed, many of whom are in farming, comprise the largest share, reflecting the predominance of agriculture in much of the region. Casual laborers make up the second largest share in rural areas.

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