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Water Matters: It's Time for Action in Latin America and the Caribbean

Millions of Latin Americans still suffer from water insecurity. Today, 150 million people live in highly water-scarce areas, and climate change is worsening this outlook. According to the World Bank, over the last two decades, Latin America has experienced 74 droughts, causing more than US$ 13 billion in damage. This phenomenon impacts agricultural and livestock production and farmers’ livelihoods, especially those living in vulnerable conditions.

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Interview: COVID-19’s Devastating Impact on Human Capital

The COVID-19 pandemic caused a massive collapse in human capital at critical moments in the life cycle, derailing development for millions of children and young people in low- and middle-income countries, according to Collapse and Recovery: How COVID-19 Eroded Human Capital and What to do About It, the first analysis of global data on young people under the age of 25. What were the losses for young people and developing economies, and can they be recovered? To help us learn more, Norbert Schady, Chief Economist for Human Development at the World Bank Group and co-author of this year’s report, joins Expert Answers.

Photo: World Bank
Food Security

Latest Food Security Update

Our latest update from March 9 shows that domestic food price inflation remains high around the world, with inflation levels above 5% in 94.1% of low-income countries, 86% of lower-middle-income countries, and 87.0% of upper-middle-income countries and many experiencing double-digit inflation. The countries affected most are in Africa, North America, Latin America, South Asia, Europe, and Central Asia.

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In 2022, the global average score on the World Bank’s Women, Business and the Law index rose just half a point to 77.1—indicating women, on average, enjoy barely 77 percent of the legal rights that men do. At the current pace of reform, in many countries a woman entering the workforce today will retire before she will be able to gain the same rights as men, the report notes. This year, 18 countries enacted 34 reforms, the lowest number of reforms in 20 years. But more than half of all reforms captured were implemented in the Sub-Saharan Africa region by seven economies. Learn More.


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