East Asia and Pacific remains the world’s growth engine despite a challenging external environment, with developing economies growing by 7.2% in 2013. The proportion of people living in poverty in the region has steadily declined—less than 10% of the population lives on $1.25 a day—but much more needs to be done as there are still close to half a billion people living on $2 a day.
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July 17, 2014 — A joint World Bank Group-Vietnam study, announced during Bank Group President Kim's visit to Vietnam, will look at the steps the country needs to take to become a modern, industrialized country in a single generation.Read More »
July 1, 2014 — The Internet is now the main source for information on economic and social development issues in the country. The Bank's Open Data initiative has made it easier to get reliable and up-to-date data.Read More »
June 23, 2014 — "I see Jakarta has developed, but I have not." This painful observation was made by Rasma, an ice fruit vendor in Indonesia's capital. Although the country has managed to sustain strong economic growth, the results have not been felt by all.Read More »
China can save a total $1.4 trillion (15% of last year's GDP) if it builds more efficient, denser cities. A new World Bank-China joint report recommends using those savings to expand social services to all people—including migrants.Read More »