Social safety nets – predictable cash grants to poor households often in exchange for children going to school or going for regular health check-ups – have become one of the most effective poverty reduction strategies, helping the poor and vulnerable cope with crises and shocks. Each year, safety net programs in developing countries lift an estimated 69 million people living in absolute poverty and uplifting some 97 million people from the bottom 20 percent – a substantial contribution in the global fight against poverty.
Let me answer it this way: If you are a youth, you are damned if you farm, and you will be equally damned if you don’t. Farming as an option is very key to enabling the continuous production of food to meet our consumption demand. We are in an era where we have to attract the young people to join food production, since majority of them think it is dirty work. Interacting with young farmers has only left me understanding that, besides the lack of mechanisation, we lack the best farming practices that would otherwise increase our earnings.
Getting more youth to engage productively in agriculture is not, and won’t be, an easy job. As an aspiring goat farmer and student in agribusiness management, I know that it takes real passion and commitment to make a living from agriculture. I am currently rearing 40 free range goats on a small farm in my village. On average, I spend about Uganda Sh30,000 to rear each goat—which I normally sell off during the Christmas season at Shs 200,000. This year, I intend to use the money to expand the business, and invest in high value crops to take advantage of the free manure from the goats.
Remittances to developing countries decreased by 2.4 percent to an estimated $429 billion in 2016. This is the second consecutive year that remittances have declined. Such a trend has not been seen in the last 30 years. Even during the global financial crisis, remittances contracted only during 2009, bouncing back in the following year.
Most youths’ perception of agriculture and agribusiness reflects the image of a dirty, exhausted poor farmer carrying a rusty hoe on puffy, tired shoulders somewhere on the outskirts of modernity.
I am often asked—what happened as a result of the World Bank’s 2013 flagship report, Inclusion Matters? It made a big splash in the world of ideas but what did it do to improve people’s lives? This is not to say that ideas don’t affect the lives of people, but they need to seep into practice. How do we know if a report has been relevant for development practice?
According to the World Bank Development Report on Digital Dividends (2016), the rapid spread of digital technologies around the world is boosting economic growth and expands opportunities in many instances; but the benefits of technological changes are not evenly distributed to workers globally. For high-skilled workers, technology in most cases complements their skills, increases their productivity, and often leads to higher wages. Whereas for middle and low-skilled workers, benefits depend on the degree to which technology either complements or substitutes workers in job functions.
The story of a country’s economic development is often told through the lens of new roads, factories, power plants, and ports. However, it can also be told through the voices of everyday heroes, individuals who have taken action to improve their lives and those around them. In this blog series, the World Bank Group, in partnership with Ivorian newspaper Fraternité Matin and blogger Edith Brou, tells the stories of those individuals who, with a boost from a Bank project, have set economic development in motion in their communities.
About Sofie immediately felt reassured on her arrival for treatment at the Bagba Health Center in southern Côte d’Ivoire: “As soon as you go through the door, the nurse’s aides put you at ease with a smile. In other places, you’re scared and you think twice before talking to the medical personnel, who are quick to belittle patients and walk away.”