"We’re the nation that just had six of our scientists and researchers win Nobel Prizes—and every one of them was an immigrant," U.S. President Barack Obama recently said after the Nobel Prize winners were announced.
The Internet was abuzz about it, and how could it not be?
The announcement couldn’t come at a better time. Not only are US Nobel laureates immigrants, but also the country has been identified as one of four where the world’s high-skilled immigrants are increasingly living, according to a new World Bank research article. The other three countries are the United Kingdom, Canada and Australia.
On September 22, 2016, we launched the World Bank Big Data Innovation Challenge – a .
As the world grows more connected--through mobile phones, social media, internet, satellites, ground sensors and machines—governments and economies need better ways to harness these data flows for insights toward targeted policies and actions that boost climate resilience, especially amongst the most vulnerable. To make this data more useful for development, we need more data innovations and innovative public-private arrangements for data collaboration.
The World Bank Big Data Innovation Challenge invites innovators across the world to reimagine climate resilience through big data solutions that address the nexus areas of food security and nutrition, and forests and watersheds – high priority areas of the World Bank’s Climate and Forest Action Plans and the UN Sustainable Development Goals.
We humanize what is going on in the world and in ourselves only by speaking of it, and in the course of speaking of it we learn to be human. –Hannah Arendt
We all know that real time market price dashboard. Securing livelihoods has become more and more difficult with 66 percent of the population now living in poverty, a new peak.. But what the numbers mask is the pain and suffering that people go through to make ends meet. Let’s take the case of South Sudan. The country has had a very tumultuous time, witnessing more than its share of a few crises between 2015 and 2016. The collapse of a fragile peace accord led to a renewed military confrontation while simultaneously international oil prices dropped, depriving South Sudan of its main source of foreign exchange. This triggered a severe fiscal and economic crisis, leading to sky rocketing prices as documented in our
The 66 percent number certainly summarizes the country’s poverty level, which is unquestionably useful for comparisons and analyses to inform policies and programs. However, what the number doesn’t reveal is the struggle that families go through daily. To capture this aspect and give a humane feel to an abstract poverty number, we have started collecting short video testimonials from people living in South Sudan as part of the High Frequency Survey:
If you want to do something fast, do something that has already been done. If you want to hardwire a data innovation into World Bank Operations, be prepared to involve others in a process of learning by doing. – Holly Krambeck, Senior Transport Specialist, WBG
As the world grows more connected, data flows from a multitude of sources. Mobile networks, social media, satellites, grounds sensors, and machine-to-machine transactions are being used along with traditional data--like household surveys--to improve insights and actions toward global goals.
At the World Bank, a cadre of pioneering economists and sector specialists are putting big data in action. Big data sources are being harnessed to lead innovations like:
- satellites to track rural electrification, to monitor crop yields and to predict poverty;
- taxi GPS data to monitor traffic flows and congestion
- mobile phone data for insights into human mobility and behavior, as well as infrastructure and socio-economic conditions
Bangladesh Prime Minister Sheikh Hasina and World Bank Group President Jim Yong Kim celebrated Bangladesh’s dramatic progress fighting poverty on End Poverty Day, October 17, at a special event in the heart of Dhaka.
More than 20 million people have lifted themselves out of poverty in Bangladesh in the last two decades. By 2010, the extreme poverty rate fell to 18.5 percent, down from 33.7 percent in 2000.
Speaking in the Bangla language, the prime minister said Bangladesh’s journey has never been smooth, but strong leadership and the resilience of the population have helped it become a lower middle income country and a model for others to imitate.
- Increases in food expenditures
- Children less likely to be severely underweight
- Improvements in child educational achievements
- Increases in share of expenditures devoted to healthcare
October 17 is the International Day for the Eradication of Poverty. This year’s theme is Moving from humiliation and exclusion to participation: Ending poverty in all its forms. This is not only the United Nations’ Global Goal #1, but it’s also one of the World Bank’s two main goals.
Working to end poverty can be an everyday practice. And we have dedicated our work to helping nations invest in both people and infrastructure to achieve this goal. To support our mission to end poverty by 2030, we launched the #ItsPossible social media campaign to inspire hope that it is indeed possible to end extreme poverty – if we all work together.
Today, 1.2 billion people still don’t have access to electricity and close to 600 million people don’t have access to safe drinking water. Worse, in developing countries, 4 billion people – which is 60% of the global population, don’t have internet access – their voices are not being heard.
The plight of forcibly displaced people, who are fleeing conflict and violence, is best summed up by the lyrics of the plaintive 1970 classic by Argentine troubadour Facundo Cabral: "No soy de aquí ni soy de allá"("I'm not from here nor there").
Those lyrics convey both the sense of uprootedness felt by those displaced from their native lands and habitual routines, and the feeling of “otherness,” emotional detachment, and powerlessness when relocated to foreign surroundings and societies, which in some cases, are unwelcoming to outsiders.
Government leaders and advocates came together during the Annual Meetings to discuss a major development goal – ensuring everyone has access to affordable financial services such as a bank or mobile money account. While a lot of progress has been made on “financial inclusion,” new rules affecting the flow of funds threatens to slow or even reverse some gains.
Financial Inclusion not Exclusion: Managing De-Risking brought together Queen Máxima of the Netherlands, US Treasury Secretary Jack Lew, Zhou Xiaochuan, Governor of the People’s Bank of China, Sri Mulyani Indrawati, Indonesia’s Minister of Finance. Arun Jaitley, India’s Minister of Finance, World Bank Group President Jim Yong Kim, and Juan Manuel Vega-Serrano, the president of the Financial Action Tax Force (FATF), which sets international standards for combating money laundering, terrorist financing and other related threats.
Some 700 million people were brought into the formal financial system between 2011 and 2014 – a major success – but 2 billion people remain cut off, said Queen Máxima, who is the United Nations Secretary-General’s special advocate for inclusive finance for development.
A new challenge to financial inclusion is a trend toward “de-risking” by banks. Many larger banks are increasingly terminating or restricting business relationships with remittance companies and smaller local banks in certain regions of the world. De-risking has therefore made money transfers more difficult for migrant workers and humanitarian organizations working in war-torn places.