Recently, the OECD released the results for PISA 2015, an international assessment that measures the skills of 15-year-old students in applying their knowledge of science, reading, and mathematics to real-life problems. There is a sense of urgency to ensure that students have solid skills amidst modest economic growth and long-term demographic decline in Europe and Central Asia (ECA).
Helping Moldova to stabilize an economic crisis, however, is only the beginning of growing the economy and improving people’s lives. So, where should we focus our efforts now?
"If you want one year of prosperity, grow grain. If you want a decade of prosperity, plant trees. If you want 100 years of prosperity, invest in people."
Every person needs and deserves quality education. But what does quality education mean? Even for countries which have affirmed their status as “quality education service providers,” there are arguments supporting or refuting education service quality. For developing countries, the challenge is even greater ¾ limited resources, major needs, and lack of experience are common problems faced by decision-makers in education. Various methods are used globally to compare the quality of education system—one of which is the OECD’s Programme for International Student Assessment (PISA).
Another year has passed, and as we do each year-end, here’s a rundown of what content resonated most with you on World Bank social media in 2016.
Four World Bank Facebook posts you cared about most
Some of our most popular and engaging content on Facebook in 2016 was, not surprisingly, multimedia. Check out these posts that made the biggest impact with you in the last year.
On October 17 – now recognized as End Poverty Day – Bangladeshi singer Habib Wahid unveiled a new song singing the praises of his country’s rapid progress in reducing poverty and building a prosperous society. Check out the video, and remember why you poured out your approval with more than 161,000 views, 65,000 reactions, and 4,600 shares!
Results for the Organization for Economic Cooperation and Development’s (OECD) 2015 Program for International Student Assessment (PISA) exercise were released on December 6. The results are instructive, not only because of what they tell us about the science, mathematics, and reading knowledge and skills of 15-year-olds around the world, but also in terms of how they compare to the 2015 Trends in International Mathematics and Science Study (TIMSS) results, which were released a week ago (click here to read my blog on key takeaways from the TIMSS results).
On this bright, sunny Saturday, a Moldovan charity held its traditional fall soccer tournament for local and international organizations, businesses, and diplomatic missions. The purpose of the tournament is a noble one – to collect funds for palliative care services to children and adults suffering from incurable and life-limiting illnesses.
And so the World Bank Moldova soccer team turned up, eager to display our dazzling foot work and dribbling skills (OK, a slight exaggeration, I admit!) A handful of injuries and business trips meant a reduced overall capacity, but that did not deter the rest of us from being determined to win.
In my first blog on Moldova’s pension system, I discussed challenges and reform options. My second one focused on the incentives to contribute into that pension system. Now, in this third blog, I am going to discuss Moldova’s retirement age: why it is important to raise it ... and why it is equally challenging to do so.
To better understand the issues faced by public pension systems today, it is important to remember that they are generally pay-as-you-go schemes. This means that those who work today pay the pensions of those who are retired.
This particular system was first introduced in Germany back in the 19th century, when the workforce was growing – a very different situation from what we have today. Rapidly ageing societies, longer life expectancy at retirement, lower fertility and migration are all adding pressures on pension systems in many European countries, including Moldova.
For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the Sustainable Development Goals and signing the Paris climate deal at the end of 2015, the global community is now looking into the best and most effective ways of reaching these milestones. In this five-part series I will discuss what the World Bank Group is doing and what we are planning to do in key areas that are critical for ending poverty by 2030: good governance, gender equality, conflict and fragility, creating jobs, and, finally, preventing and adapting to climate change.
Twenty years ago, the World Bank took up the fight against corruption as an integral part of reducing poverty, hunger, and disease. The decision was groundbreaking then and remains valid today. Corruption diverts resources from the poor to the rich, leads to a culture of bribes, and distorts public expenditures, deterring foreign investors and hampering economic growth.
- domestic resource mobilization
- Development Finance
- international development association
- Public Sector and Governance
- The World Region
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
- Cote d'Ivoire