How to increase compensation for health workers during COVID-19
The data that the World Bank has for 10 countries in Latin America and 27 in the European Union shows that while health care workers do enjoy a premium over workers in other sectors of the economy, the premium decreases with country income levels. ... but a good rule of thumb is that it should be a minimum of 20 percent of gross wages. However ...
How much does it cost to create a job? - World Bank Blogs
In South Africa we must also overlay the need to increase our technology capability. Only counting jobs as a measure will penalize the two new high tech jobs against ten minimum wage manual labour jobs. Our economy desperately needs both. A metric we use at Riversands Incubation Hub to overcome this problem, is the total of salaries and wages ...
What Does It Mean to Be a Woman in Brazil? The Answer Will Surprise You
Afro-Brazilian women earn less than white women and men with the same level of education. On average, Afro-Brazilian women earn 7.7 reales (US$ 2.50) per hour compared to 12.5 reales (US$ 4.02) for white women and 15.6 reales (US$ 5) for white men. Afro-Brazilian women who completed secondary education earn half the wage of white men with the ...
What are the facts about rising food prices and their effect on the region?
The global situation in 2011 was critical. Global food prices soared by 10% in July from a month before, with maize and soybean reaching all-time peaks due to a summer of droughts and high temperatures in both the United States and Eastern Europe. From June to July, maize and wheat rose by 25% each, soybeans by 17%. Only rice went down, by 4%.
How Migrants Can Help Countries Fill Labor Gaps: Learning from Policymakers
Key Highlights. Migrants can help economies of sending and receiving countries, as long as each party pays attention to key areas of policy. Migration opportunities should be in line with the skills lacking from the country’s labor force. There are key lessons to be learnt from Kazakhstan, Korea and Malaysia, according to presenters at a ...
Regional Economic Updates, October 2022
Growth in developing East Asia and the Pacific outside of China is forecast to accelerate to 5.3% in 2022 from 2.6% in 2021, according to the World Bank’s East Asia and Pacific October 2022 Economic Update. China, which previously led recovery in the region, is projected to grow by 2.8% in 2022, a sharp deceleration from 8.1% in 2021.
South Africa leading the way toward a low-carbon economy and resilient ...
The $497 million project will support Eskom to decommission, repurpose and create new opportunities for the impacted people of Mpumalanga province, which has 12 of South Africa’s coal fired power plants and the 83% of South Africa’s coal production. I visited Mpumalanga in September and met with the Region’s Premier, Refilwe Tsipane.
Remittances Grow 5% in 2022, Despite Global Headwinds
Growth in remittance flows is estimated at 9.3% for Latin America and the Caribbean, 3.5% in South Asia, 2.5% in the Middle East and North Africa, and 0.7% in East Asia and the Pacific. In 2022, for the first time a single country, India, is on track to receive more than $100 billion in yearly remittances.
Raising fiscal revenue in times of crisis
The recent floods in Pakistan have left over 1,500 people dead, while droughts are taking a toll in the Horn of Africa and in South America, affecting food production and hydropower generation and throwing millions of people into severe food insecurity. The multiple crises have resulted in significant revenue losses in many developing countries.
Remarks by World Bank Group President David Malpass at the G20 Leaders ...
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.