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GLOBAL FINDEX 2021 DATABASE

COVID-19 Drives Global Surge in Use of Digital Payments

This expansion created new economic opportunities, closing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks, according to the Global Findex 2021 database. As of 2021, 76% of adults globally now have an account at a bank, other financial institution, or with a mobile money provider, up from 68% in 2017. Importantly, growth in account ownership was evenly distributed across many more countries. 

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PODCAST

Why Is the World Facing a Food Crisis?

The world is facing rising food prices that are hitting poor and developing countries hardest. Even before COVID-19 reduced incomes and disrupted supply chains, chronic and acute hunger were on the rise due to factors, including conflict, socio-economic conditions, natural hazards, climate change and pests. In this episode of The Development Podcast we explore the challenges potential solutions to the food price crisis and hear from a restaurant owner in Cairo who is struggling with the rising cost of bread.

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BRIEF

The World Bank and Ukraine

The invasion in Ukraine will have far-reaching economic and social impacts - well beyond the immediate impact it is already having on the lives and livelihoods of those in the country. The World Bank Group continues to coordinate with Ukraine and other development partners to assess these costs and develop a robust response to help the Ukrainian people during this difficult period. Learn more.

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to end extreme poverty and promote shared prosperity in a sustainable way

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Data

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Agriculture is crucial to economic growth: in 2018, it accounted for 4% of global gross domestic product (GDP) and in some least developing countries, it can account for more than 25% of GDP.

But agriculture-driven growth, poverty reduction, and food security are at risk: Multiple shocks – from COVID-19 related disruptions to extreme weather, pests and conflicts – are impacting food systems, resulting in higher food prices and growing hunger. Read more

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