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World Development Indicators 2006

Ignacio Hernandez's picture

World Development Indicators (WDI) publication is the World Bank's annual compilation of data about development. The newly-released 2006 edition includes more than 900 indicators in over 80 tables organized in 6 sections: World View, People, Environment, Economy, States and Markets, and Global Links.


François Bourguignon, the World Bank's Chief Economist and Vice President for Development Economics, is optimistic about data showing that economic growth in the developing world has averaged 4.8 percent a year since 2000 and was 4.8 percent in Sub-Saharan Africa in 2004, exceeding the 2004 global growth rate of 4.1 percent.


Growth is essential to reduce poverty, and we see evidence of this in the data. That's why this boost in growth in Africa is promising. After many years, the continent is showing growth that could deliver much more poverty reduction than in the recent past. It is important for Africa to build on this growth, which is partly driven by higher commodity prices and partly by fundamentals, to keep closing the gap with the rest of the world.


Read the whole press release.


Submitted by Yashvir Tyagi on
Economic growth is a necessery condion for making a dent in poverty reduction but the quality of growth is also very important.Growth should be inclusive and humaninsing.Despite encouraging trends in economic growth in many African and South Asian countries,millons of people in these countries stil wallow deep in hunger, disease and squalor.Results of poverty reduction strategies are not optimum due to poor governance and corruption. World being a global village poverty anywhere is a threat to prospertiy everywhere.

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