New World Bank country classifications by income level: 2021-2022
Indonesia, Mauritius, Romania, and Samoa were very close to classification thresholds in 2019 and all experienced COVID-19 related decreases in Atlas GNI per capita, resulting in lower classifications in 2020. Venezuela, previously classified as a an upper-middle income country, is now unclassified due to a lack of available data in the recent ...
How does infrastructure contribute to job creation? - World Bank Blogs
Results reveal that preserving higher road quality through adequate maintenance expenditure leads to job creation in the manufacturing sector mostly by expanding the number of new firms, particularly in initially under-populated areas. This is also reflected in household consumption and income, which both increased by 0.4% overall.
Updated estimates of the impact of COVID-19 on global poverty: Looking ...
Each bar represents the net number of people who have either moved out of extreme poverty if they were poor in the last year or moved into extreme poverty if they were not poor in the previous year. Before COVID-19, the only other crisis-induced increase in the global number of poor in the past three decades was the Asian financial crisis ...
Electric Vehicles: An Economic and Environmental Win for Developing ...
In a study of 20 countries across Africa, Asia, the Caribbean, Oceana, Europe and South America, the report Economics of Electric Vehicles for Passenger Transportation found that more than half would benefit economically by adopting electric mobility. In some of these countries, the higher investments associated with electric vehicles (EVs) are ...
Report: State and Trends of Carbon Pricing - World Bank
Global carbon pricing revenues increased by 60% over past year, according to latest World Bank report. WASHINGTON, May 24, 2022— Global carbon pricing revenue in 2021 increased by almost 60 percent from 2020 levels, to around $84 billion, providing an important source of funds to help support a sustainable economic recovery, finance broader fiscal reforms, or invest in communities as part of ...
Pakistan Urgently Needs Significant Investments in Climate Resilience ...
ISLAMABAD, Nov. 10, 2022—Climate change-induced disasters could significantly set back Pakistan’s development ambitions and its ability to reduce poverty. To foster people-centric climate adaptation and resilience, the country needs fundamental shifts in its development path and policies, requiring substantial investments including international support, according to the World Bank Group ...
New Data: Private Sector Investment in Developing-Country ...
New data from the World Bank finds that private investment in low- and middle-income country infrastructure is rebounding from the historic lows recorded in 2020. Private investment commitments in low- and middle-income countries totaled $76.2 billion in 2021, representing a 49% increase from 2020.
Is globalization a good or a bad thing? - World Bank
The consequences are clear – either poor countries can develop their economies fast, or their people will be inclined to migrate to richer shores. Maybe most interestingly, the study looks at the winners and losers of the globalization process – and unveils several unexpected facts. It is often assumed that there are two main groups who ...
Gender and education in Indonesia: Progress with more work to be done
For example, in Sukamara Regency, Central Kalimantan, 61 percent of boys age 16 to 18 are enrolled in school, while the percentage of girls enrolled is 95. However, in other regions girls also face disadvantages. For example, in Probolinggo Regency, East Java, the percentage of boys enrolled is about one and a half times more than the ...
In Bangladesh, Empowering and Employing Women in the Garments Sector
In Bangladesh, Empowering and Employing Women in the Garments Sector. February 7, 2017. Women, aged between 18-26 years, at one of the training centres. The northern areas of Bangladesh are amongst the poorest in the country. Women in particular have difficulty finding alternative employment here, as they are isolated from the major industrial ...