As this decade comes to an end, the world has seen progress on many fronts. The poorest countries have greater access to water, electricity, and sanitation (i.e., a toilet). Poverty and child mortality have fallen. Technology has spread far and wide so that there are now more mobile phones than people. But we’ve also broken some of the wrong kinds of records. In 2019, more people were forcibly displaced than any other time in history. Carbon dioxide in the atmosphere hit an all-time high and biodiversity is declining at an accelerating rate. These charts highlight some remarkable achievements and the serious challenges that remain as we head into 2020.
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October 18, 2019
October 19, 2019
Registration is now open until Monday June 3, 2019 at 11:59PM (EST).
The Annual Bank Conference on Development Economics (ABCDE), organized by the World Bank’s Development Economics (DEC) Vice Presidency, is one of the world’s best-known series of conferences for the presentation and discussion of new knowledge on development. The conference aims to promote the exchange of cutting-edge knowledge among researchers, policymakers, and development practitioners.
The next conference will take place on June 17–18, 2019 at World Bank Headquarters in Washington, D.C. The theme of the conference will be “Multilateralism: Past, Present, and Future”. The 2019 ABCDE conference will be part of a series of events scheduled to celebrate the 75th anniversary of the Bretton Woods conference
The outlook for the global economy in 2019 has darkened.
International trade and investment have softened. Trade tensions remain elevated. Several large emerging markets underwent substantial financial pressures last year.
Against this challenging backdrop, growth in emerging market and developing economies is expected to remain flat in 2019. The pickup in economies that rely heavily on commodity exports is likely to be much slower than hoped for. Growth in many other economies is anticipated to decelerate.
In addition, risks are growing that growth could be even weaker than anticipated, the World Bank’s January 2019 Global Economic Prospects reports.
The World Development Report (WDR) 2019: The Changing Nature of Work studies how the nature of work is changing as a result of advances in technology today. Fears that robots will take away jobs from people have dominated the discussion over the future of work, but the World Development Report 2019 finds that on balance this appears to be unfounded. Work is constantly reshaped by technological progress. Firms adopt new ways of production, markets expand, and societies evolve. Overall, technology brings opportunity, paving the way to create new jobs, increase productivity, and deliver effective public services. Firms can grow rapidly thanks to digital transformation, expanding their boundaries and reshaping traditional production patterns.
WASHINGTON, October 31, 2018 – Governments around the world set a new record in bureaucracy busting efforts for the domestic private sector, implementing 314 business reforms over the past year, says the World Bank Group’s Doing Business 2019: Training for Reform report, released today.
The reforms, carried out in 128 economies, benefit small and medium enterprises as well as entrepreneurs, enabling job creation and stimulating private investment. This year’s reforms surpass the previous all-time high of 290 reforms two years ago.