With a population of more than 1.2 billion, India is the world’s largest democracy. Over the past decade, the country’s integration into the global economy has been accompanied by economic growth. India has now emerged as a global player.
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WASHINGTON, January 27, 2014 – With more than half of Sub-Saharan Africa’s population now under the age of 25, and as many as 11 million young Africans expected to join the labor market every year for... Show More + the next decade, creating millions of productive, well-paying jobs will be vital to boost economic growth, significantly cut poverty, and create shared prosperity in Africa, according to a new World Bank report on youth employment in Africa.While many African economies have registered impressive economic growth in recent years, poverty levels across the region have not fallen as much as expected and young people looking for better-paying work have been at a great disadvantage. This is partly because many African countries rely heavily on oil, gas, and mineral extraction which boosts economic growth but does little to create new jobs for the region’s fast-growing youth population or reduce overall rates of poverty. In a new comprehensive regional report on the subject, ‘Youth Employme Show Less -
In the spirit and theme of regional cooperation and political economy, the World Bank also hosted a policy competition. In the session, participants were split into six groups with representation from... Show More + each country, and asked to answer how they think national competitiveness can be improved through South Asian regional cooperation. Some ideas consistent across all groups was to break down barriers for people meeting, increasing trust between countries, and for more opportunities that allow people to meet. Others suggested building a South Asian University and leveraging and boosting the South Asia Association for Regional Cooperation (SAARC).After a grueling three days of academia, the participants traveled to sites signifying the rich and common history of Pakistan and South Asia. They visited Harappa, an ancient site of the Indus Valley Civilization; Islamabad, the modern capital of Pakistan; and the old city of Lahore, a major urban center of South Asia for centuries.This year marked Show Less -
“Gender-based violence is deeply rooted in societal norms but is interlinked with economic and institutional factors such as women’s access to paid employment and increased education for women as well... Show More + as men," said Maria Correia, the World Bank's sector manager for social development in South Asia, another of the judges.The other winning entries:Diba Parwez, 18, Afghanistan: “Change in orthodox views, empowerment of females, imbuing righteous values in children, implementation of all constitutional laws for women.”Kazi Sadia Yesmin, 21, Bangladesh: “Break the limit, create equal opportunity! Free & fair participation of women with men in every sphere will gradually end gender violence.”Kelzang Wangmo, 21, Bhutan: "Educate young children, the future generations, about the importance of gender equality so that they acknowledge each other from a young age."Vandana Rathore, 20, India: “Multi-sectoral approach: value-based education, better laws, speedy justice Show Less -
Washington, D.C. – The South Asia Regional Art Exhibition "Imagining our Future Together" organized by the World Bank will open on Jan. 22, at World Bank headquarters.South Asia is the least... Show More + integrated region in the world, and more and better regional cooperation will help the region to realize its full potential. Breaking barriers is not only about economics and trade of goods and services. Art has the potential to connect people and countries. To take this vision forward, the World Bank’s South Asia vice presidency and the World Bank Art Program organized a regional competition for young South Asian artists in 2012. It received more than 1,000 entries from 231 talented young artists born after 1974 inspired by the idea of a more integrated region.The theme for the competition was creating a vision for a common future and showcasing the unique beauty, creativity, and challenges of South Asia. Forty-four artworks by the 25 winners of the competition are being exhibited here. Show Less -
Vaishnavi Pranatharthiharan, who had the top entry from Sri Lanka, highlighted that the urbanization strategies should be tactical, incorporating modern technologies with local community inputs and consensus.From... Show More + Pakistan, Kanza Azeemi highlighted that behavioral changes are necessary in terms of investing in energy-saving solutions at all levels such as replacing incandescent light bulbs with energy-efficient ones. She noted that government has a role in terms of incentives through taxes and subsidies to encourage energy conservation and promote greater research and development.Padam Raj Panaru from Nepal stressed that developing countries need technology transfers from more industrialized countries to promote green investment and entrepreneurship. Fostering greater interaction around green ideas will create opportunities for knowledge sharing.From India, Shruti Lakhtakia noted that individual energy use in industrialized countries is still much greater than in South Asia countries. I Show Less -