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Poverty and Trade

Spreading the Gains from Trade More Widely

Global trade has contributed to growth and poverty reduction in the past three decades, but gains from trade can be more inclusive, according to a new World Bank report, which provides new knowledge, data, and tools to make trade work better for more people. 

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INFORMAL ECONOMY

Widespread Informality Likely to Slow Recovery from COVID-19 in Developing Economies

A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies (EMDEs), according to a new study by the World Bank. The study is the first comprehensive Bank analysis examining the extent of informality and its implications for an economic recovery.

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Global Gas Flaring Report

Seven Countries Account for Two-Thirds of Global Gas Flaring

According to the World Bank’s 2020 Global Gas Flaring Tracker, from 2019 to 2020, oil production declined by 8 percent, while gas flaring dropped by 5 percent. Gas flaring satellite data from 2020 reveals that Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running. 

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The global COVID-19 vaccination campaign will be the largest in history. The delivery of COVID-19 vaccines presents challenges unprecedented in scale, speed and specificities, especially in low- and middle-income countries. In November 2020, anticipating the availability of safe and effective vaccines for COVID-19, the World Bank together with WHO, UNICEF, the Global Fund, and Gavi rolled out readiness assessments in more than 100 low and middle-income countries. Read More

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