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Global opinion leaders show increased use of social media for information on development

Zubedah Robinson's picture
Also available in: 中文 | Français | Español
Social media is increasingly becoming a driver of conversation on several topics including global development. The World Bank’s Public Opinion Research Group conducts  Country Opinion Surveys in about 40 developing countries every year and found that the number of global opinion leaders using social media to get information on global development is steadily increasing.

Vietnam’s financial inclusion priorities: Expanding financial services and moving to a ‘non-cash’ economy

Ceyla Pazarbasioglu's picture



 Also available in: Tiếng Việt

It’s nighttime and the streets are bustling in Vietnam’s cities and towns. Buoyed by years of strong growth, the country has a burgeoning middle class with purchasing power to sustain restaurants and cafes, full and open late into the night, busy retailers and a high penetration of mobile phones – more than one per person. The economy, however, continues to run on cash and a majority of adults still don’t have formal financial services such as a basic transaction account. Moving to a “non-cash” system is a priority for the government to increase efficiency, promote business and economic development and reduce poverty including in remote rural areas where traditional financial providers have difficulty reaching.

Since 2016 the State Bank of Vietnam, the country’s central bank, has been partnering with the World Bank Group on a comprehensive approach to financial inclusion which will result in a national financial inclusion strategy. While still in development, several key elements of the strategy are clear: a focus on digital finance including shifts in government payments to digital products and platforms; providing financial services to rural and agricultural communities and ethnic minorities, where growth has lagged and poverty rates are above the national average; and strengthening consumer protection and financial education so that the next generation of consumers are prepared for a modern financial marketplace.

'Fixing' disaster recovery

Jo Scheuer's picture
Also available in: العربية | Español | Français
Photo credit: Flickr User danvicphot


The link between poverty and disasters is becoming clearer – new research shows that extreme weather events alone are pushing up to 26 million people into poverty every year. With forces like climate change, urban expansion, and population growth driving this trend, annual losses have passed more than $500 billion annually, and show no signs of slowing.

With limited time and resources, however, adequate preparedness for these common events is often neglected in developing countries. The result is a pattern of deficient recovery that is imperiling sustainable development, and leaving millions of the most vulnerable behind.

Перспективы мировой экономики в 10 диаграммах: июнь 2017 года

Global Macroeconomics Team's picture
Всемирный банк прогнозирует повышение темпов роста мировой экономики в 2017 году до 2,7 процента по мере возобновления роста в странах с формирующимся рынком и развивающихся странах, относящихся к экспортерам сырьевых товаров, благодаря оживлению промышленного производства и торговли, росту уверенности участников рынка и стабилизации цен на сырье.
В развитых странах ожидается ускорение экономического роста до 1,9 процента в 2017 году, что благотворно скажется на положении их торговых партнеров. На фоне благоприятных глобальных условий финансирования и стабилизации цен на сырье экономический рост в странах с формирующимся рынком и развивающихся странах, в целом, достигнет в этом году 4,1 процента по сравнению с 3,5 процента в 2016 году. Вместе с тем, эти перспективы омрачаются серьезными факторами риска, к числу которых относятся возможность ужесточения торговых ограничений, неопределенность в области торговой, налогово-бюджетной и кредитно-денежной политики, а в более долгосрочном плане – хронически низкие показатели производительности и прироста инвестиций.

Скачать доклад «Перспективы мировой экономики» за июнь 2017 года (на английском языке).

В 2017 году темпы роста мировой экономики должны повыситься до 2,7 процента, как и прогнозировалось ранее. В странах с формирующейся рыночной экономикой и развивающихся странах (СФРРС) экономический рост, как ожидается, будет заметнее, чем в развитых странах, и составит 4,1 процента.
 
Рост мировой экономики

The Middle East, version 2.0.

Bassam Sebti's picture
Also available in: العربية | Español | Français


Let’s be honest. The Middle East and North Africa is burning, and in some areas it is literally burning. Conflict and fragility have long warped what once was the cradle of civilization and the inspiration for the many inventions we can’t live without today. However, in the midst of that fire hope rises, a driver of change that is transforming the ugly reality into a bright future.
 
After I fled the war in Iraq in 2006, I was pessimistic about what the future was holding for that region. Year after another, the domino-effect of collapse became a reality that shaped the region and its people. Yet, fast-forward to 2017, I have witnessed what I never thought I would see in my lifetime: the new renaissance in the Middle East and North Africa.
 
I have just recently come back from attending the World Economic Forum on the Middle East and North Africa at the Dead Sea in Jordan. This year, the Forum and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, partnered to bring together 100 Arab start-ups that are shaping the Fourth Industrial Revolution.
 
There, the positive vibe was all around; no negativity, no pessimism. Instead there was a new sense of optimism and enthusiasm, hunger for change, and the will to take the region to a whole new future, away from conflict and the current norm of pessimism.

Is technology a third lever for financing the SDGs?

Magdi M. Amin's picture

When governments adopted the Sustainable Development Goals (SDGs), their message was one of ambition: a world in which poverty is eliminated, growth made sustainable, ecosystems restored, and no one is left behind. This came with a price tag: annual investment needs of $4 trillion. With only $1.5 trillion now being invested, this means closing an investment gap of $2.5 trillion every year until 2030.

For International Finance Institutions, this is the central challenge of our time. It involves aligning the interest of global savers, and the investors who represent them, with the interest of citizens as they are expressed through the SDGs.

The fact is that the poorest countries have been left behind. To change this, we have focused on two levers: (a) reforms and instruments to manage risks of investing in lower-income countries, which are perceived to be of higher risk, and (b) sector policy and capacity to increase the flow of viable, high impact projects. At major gatherings in Addis Ababa, New York, Washington and Accra, we are working on these issues.

Can you make a #Loop4Dev? Join our cities boomerang challenge!

Mario Trubiano's picture
Also available in: Español | Français | العربية | 中文

Ever notice how cities can really encapsulate many of the things that make life enjoyable? Green spaces to enjoy the outdoors, access to jobs, affordable housing for all, a well-connected public transportation system, access to healthy food, schools for all children, and so on. Some cities achieve this better than others, but creating a city that works for all of its citizens can be a challenge for governments and communities alike.

Why? Let’s look at some numbers: Up to 1 billion people living in slums in the cities of the world are in need of better services; Cities consume 2/3 of the world’s energy and account for 70% of greenhouse gas emissions; 66 out of 100 people will live in cities by 2050, which tells us the global population is becoming increasingly urban.

Every city is a work in progress in this sense and for organizations like the World Bank, cities offer opportunities to help people raise themselves out of poverty. With so many people concentrated geographically, it’s possible to make improvements that benefit many, and with investments across multiple sectors in cities, governments can really make an impact on the lives of their citizens.

Disaster risk management a top priority on the international stage this week

Joe Leitmann's picture

Photo by Joe Qian / World Bank

How many school children can be endangered by the schools themselves? The answer was over 600,000 in metropolitan Lima alone.
 
In the region, fraught with frequent seismic activity, nearly two-thirds of schools were highly vulnerable to damage by earthquakes. Working with the Peruvian Ministry of Education (MINEDU), the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR) conducted a risk assessment that ultimately helped make an estimated 2.5 million children safer and paved the way for a $3.1 billion national risk-reduction strategy.
 
Whether it is building safer schools or deploying early warning systems, disaster risk management is an integral part of caring for our most vulnerable, combating poverty, and protecting development gains.
 
Disaster risk management is a development imperative. Over the last 30 years, the world has lost an estimated $3.8 trillion to natural disasters. Disasters disproportionately affect the poor, threatening to roll back gains in economic and social wellbeing worldwide, and to undo decades of development progress overnight.

Sustainable tourism can drive the blue economy: Investing in ocean health is synonymous with generating ocean wealth

Rob Brumbaugh's picture
Also available in: 中文 | العربية | Español | Français
A snorkeler explores a coral reef in the coastal waters of Micronesia. © Ami Vitale


Tourism is one of the world’s largest industries, contributing trillions of dollars to the global economy and supporting the livelihoods of an estimated one in ten people worldwide. In many countries, with both developing and well-developed economies, tourism is appropriately viewed as an engine of economic growth, and a pathway for improving the fortunes of people and communities that might otherwise struggle to grow and prosper.

Much of that tourism depends on the natural world—on beautiful landscapes and seascapes that visitors flock to in search of escape, a second wind, and a direct connection with nature itself. Coastal and marine tourism represents a significant share of the industry and is an important component of the growing, sustainable Blue Economy, supporting more than 6.5 million jobs—second only to industrial fishing. With anticipated global growth rates of more than 3.5%, coastal and marine tourism is projected to be the largest value-adding segment of the ocean economy by 2030, at 26%.

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