Lack of skills? Or lack of jobs? Colombia’s challenge of creating good ...
Between 2009 and 2014 average wages for high-educated workers (completed secondary education or above) rose by close to 9 percent before dropping by 7 percent between 2014 and 2019 (Figure 1). The unemployment rate followed a similar trend, displaying first a decline during the first half of the decade followed by an increase in the second half ...
Pandemic Crisis Fuels Decline of Middle Class in Latin America and the ...
WASHINGTON, June 24, 2021 – The COVID-19 pandemic pushed 4.7 million people out of the middle class and into vulnerability or poverty in Latin America and the Caribbean (LAC) last year, likely reversing decades of social gains, according to a new World Bank report. The impact was even more dramatic if the effect of a massive, temporary social transfer program in Brazil is excluded from the ...
Entrepreneurship is the trend in Latin America - World Bank
Young people and experts agree that the road to entrepreneurship is lined with obstacles and that Latin America faces a major cultural roadblock: an aversion to risk. “We have to overcome the stigma of failure. It should not be viewed as an end but rather as one more step in the learning process,” says Quijada Torres.
Promoting Wage Equality in the Labor Market in Africa: a Moral Imperative
While wage and occupational inequalities persist on the continent, progress has been made. Africa’s development cannot take place without gender equality. In addition to being a moral imperative, achieving wage equality is the best strategy to foster inclusive development. In Nigeria, for example, it is estimated that greater participation of ...
South Africa’s Efforts to Improve Financial Stability and Inclusion Boosted
World Bank, SECO sign $4.6 million multi-donor Trust Fund program. PRETORIA, September 21, 2018 – South Africa’s efforts to strengthen its financial sector stability and improve financial inclusion got a boost with the signing of $4.6 million multi-donor Trust Fund program by the World Bank Group and the Swiss State Secretariat for Economic Affairs (SECO), to help the country further ...
How Latin America’s housing policies are changing the lives of urban ...
Latin American cities are looking for new ways to redesign existing urban areas and finance it—encouraged perhaps by the sluggish macroeconomic environment. For example, to renew its underutilized downtown areas, Medellin is piloting “tax-increment financing” (a model to capture increases in land values, albeit with a rather unfriendly name).
Latinoamérica supera la pobreza con mejores sueldos - World Bank
Un informe afirma que el 'boom' de las materias primas mejoró los ingresos de los latinoamericanos, incluso de los más pobres. Más salario pero no más empleo. Así se puede resumir el boom de América Latina visto con los ojos de los más pobres de la región. Al parecer, el auge de las materias primas durante más de una década elevó los ...
March 2021 global poverty update from the World Bank
In contrast, spurred by the conflicts in Yemen and Syria, the Middle East and North Africa region has seen a sharp reversal, with the poverty rate increasing from around 2.1% in 2013 to 4.3% in 2015 and 7% in 2018. In Latin America, poverty has largely stagnated, remaining at around 3.7% between 2015 and 2019.
Poverty and exclusion among Indigenous Peoples: The global evidence
By compiling national survey data from ten countries in Latin America, Asia, and Africa, the study is able to assess poverty rates and trends for about 80% of the world’s Indigenous population. We cast a wide net by including all peoples - data allowing - who satisfy any definition of being indigenous, as set forth by a government ...
What are trade blocs and how do two of Latin America’s largest compare?
The Pacific Alliance is a Latin American trade bloc formed in 2011 among Chile, Colombia, Mexico, and Peru. Together the four countries have a combined population of about 221.3 million and GDP of $2.1 trillion. The Southern Common Market (Mercosur) created in 1991, includes Argentina, Brazil, Paraguay, Uruguay, and Venezuela.