Its annual average economic growth of 7.6 percent between 2007 and 2017 far exceeds the average global growth rate of 3.2 percent.
This high growth has contributed to reducing poverty: Extreme poverty was mostly eradicated and dwindled from 8 percent in 2007 to 1.5 percent in 2017, based on the international poverty line of $1.90 a day (at purchasing power parity).
Access to basic services such as health, education and asset ownership has also improved significantly.
The country has a total of 32 hospitals and 208 basic health units, with each district hospital including almost always three doctors.
The current national literacy rate is 71 percent and the youth literacy rate is 93 percent.
The recent statistics on lending, inflation, exchange rates and international reserves (Sources: RMA, NSB) confirm that
Gross foreign reserves have been increasing since 2012 when the country experienced an Indian rupee shortage.
Reserves exceeded $1.1 billion, equivalent to 11 months of imports of goods and services, which makes the country more resilient to potential shocks.
The nominal exchange rate has been depreciating since early 2018 (with ngultrum reaching Nu. 73 against the US dollar in early November).
Agriculture and Rural Development
Child stunting, measured as low height for age, is associated with numerous health, cognition and productivity risks with potential intergenerational impacts.
and the pace of decline remains slow and uneven.
In Sindh, for example, things have worsened over time, with one in two children now stunted!
The policy response to this enormous health crisis has been almost entirely centered on interventions at the household level—reducing open defecation (OD), improving household behaviors like child feeding and care practices and food intake.
A recent World Bank report, which I co-authored, suggests that a major shift is this policy focus is required for significant progress on child stunting.
The report begins by showing that .
This has improved dietary diversity, even among the poorest, and increased household investment in a range of assets, including toilets within the home.
This has, in turn, led to a major drop in OD, from 29 percent to just 13 percent. Curative care has also expanded, with the mainstreaming of basic health units and the lady health worker program.
Many people in Sub-Saharan Africa still work in agriculture; on average, over half of the labor force, and even more in poorer countries and localities. Yet the share of the labor force in agriculture is declining (as is normal in development), leading African leaders and economists to focus on job creation outside agriculture.
Planning for jobs of the future matters. The 200 million young people (those ages 15-24 years old) either looking for jobs or constructing livelihoods now, will increase to 275 million each year by 2030, and 325 million by 2050. Is the neglect of agriculture in job creation strategies and public investments premature?
By 2050, more than a billion people will be living in African cities and towns. As more and more of the continent’s population – 60 percent of whom live in the countryside – move to urban areas, pressures on land can only intensify. How should we make room for this massive urban expansion? How will city structures have to change to accommodate Africa’s urban billion? And could well-directed policy help spring African cities out of the low-development trap? These questions were at the core of discussions at the World Bank’s 5th Urbanisation and Poverty Reduction research conference on September 6th 2018.
Together with more than 1,500 academics, scientists, and policymakers, we participated last week in the Rice Olympics.
The event—formally known as the International Rice Congress (IRC)—provides a unique window on the latest innovations and policies about the globe’s most important staple crop.
“Rice isn’t just a crop,” said Rajan Garjaria, Executive Vice President for Business Platforms at Corteva Agriscience. “It’s a way of life. A place can be made or broken, based on their rice crop.”
The Congress discussed a breadth of topics, but what stood out the most is that rice can be instrumental in making people healthier and in sustaining the planet.
The South Asia Food and Nutrition Security Initiative (SAFANSI), a World Bank partnership that aims to improve food and nutrition security across the region, participated in the Symposium on Sustainable Food Systems and Diets and presented its latest research on linkages among food prices, diet quality, and nutrition security.
Overall, the event underscored and discussed relevant strategies to transform nutrition security challenges into opportunities.
Last weekend, the North East Universities Development Consortium held its annual conference, with more than 160 papers on a wide range of development topics and from a broad array of low- and middle-income countries. We’ve provided bite-sized, accessible (we hope!) summaries of every one of those papers that we could find on-line. Check out this collection of exciting new development economics research!
The papers are sorted by topic, but obviously many papers fit with multiple topics. There are agriculture papers in the behavioral section and trade papers in the conflict section. You should probably just read the whole post.
If you want to jump to a topic of interest, here they are: agriculture, behavioral, climate change, conflict, early child development, education, energy, finance, firms and taxes, food security, gender, health and nutrition, households, institutions and political economy, labor and migration, macroeconomics, poverty and inequality, risk management, social networks, trade, urban, and water, sanitation, and hygiene (WASH).
From the Old Farmer’s Almanac to cutting edge satellite systems, farmers have always been in the market for weather forecasts that help them decide when to plant and harvest to mitigate climate risks. Earlier this month, the 48th session of the Intergovernmental Panel on Climate Change delivered sobering news: the Special Report on Global Warming of 1.5°C (SR1.5) concluded that climate impacts are already occurring and will be much worse at 2°C than previously projected.
What’s more, he sold quality seeds and other agriculture inputs to more than 150 farmers during that period, helping them save over INR 50,000.
A three-way partnership between JEEViKA (a Government of Bihar supported program for economic empowerment), Syngenta Foundation India (a civil society organization working towards enhancing farmers’ incomes) and the National Institute of Rural development & Panchayati Raj (NIRDPR), an academic institution helped Kumar and his farmer friends achieve a remarkable turnaround in their fortunes.
In this partnership, NIRDPR provided training to the budding entrepreneurs under the overall technical support of SFI, who provided on-the-ground hand-holding and mentoring support. JEEViKA provided the institutional platform from where promising local youths were identified, selected and incubated to work as entrepreneurs. The community organizations, in many cases, also provided the initial credit for seed capital to these entrepreneurs to start their agri-business ventures.
Small, landlocked, and resource-rich Lao PDR has been quietly maintaining its place as one of East Asia and Pacific’s fastest growing economies for nearly 20 years. Since 2000, the average economic growth rate of the country has been nearly 8 percent. This growth has propelled Lao PDR through many positive milestones, including meeting the criteria of Least Developed Country graduation for the first time this year. Meanwhile, poverty declined from 34 percent in 2003, to 23 percent according to most recent data, and incomes for many have risen.