If you are born into a low-income family, what are the chances that you will rise higher regardless of your background? The ability to move up the income ladder, both in one’s lifetime and with respect to one’s parents, matters for fighting poverty, reducing inequality, and even for boosting growth. Yet, mobility has stalled in recent years in large parts of the world, with the prospects of too many people across the world still too closely tied to their parents’ social status rather than their own potential, according to the findings of a new World Bank report launched today. Mobility is also much lower, on the average, in developing economies than in high-income economies. The developing world accounts for 46 of the bottom 50 economies in terms of mobility in education from the bottom to the top.
Yunus owns a fabric store in Blantyre, Malawi. The store was founded by his grandfather, who immigrated to Malawi in 1927, and has now been in his family for three generations. Business is good, Yunus said, but that the cost of essential services like electricity and water has gone up since his grandfather and father owned the store. Even so, he remains optimistic.
Marija Bosheva is a student at an agriculture and forestry vocational high school in Kavadarci, Macedonia. Like many high school students around the world, she takes daily lessons in history, math, biology, and chemistry. However, unlike many of her peers, she is also studying oenology — the art of making wine.
- Young men and women interested in information and communication technology (ICT) are being identified and trained to meet the coming needs of the ICT sector in Afghanistan.
- The training is part of the plan under the Afghanistan ICT Sector Development Project to encourage start-ups, innovation, and use of technology.
- The project, implemented by the Ministry of Communication, Information and Technology, supports the overall development of the ICT sector in Afghanistan.
Article published by the World Bank on October 12, 2016.
- By 2030, without efforts to boost urban resilience, climate change may push up to 77 million more urban residents into poverty.
- The world has a brief window of opportunity to make cities more resilient, but it will take a significant amount of funding—especially for developing countries.
- A new report discusses the challenges and opportunities of unlocking investment in resilient infrastructure for improved urban livelihoods worldwide.
WASHINGTON, June 30, 2016 – The World Bank Group is moving to help India deliver on its unprecedented plans to scale up solar energy, from installing solar panels on rooftops to setting up massive solar parks. This will catapult India to the forefront of the global effort to bring electricity to all, mitigate the effects of climate change, and set the country on a path to become the ‘India of the future’.
“The world must turn to (the) sun to power our future,” India’s Prime Minister Narendra Modi said at the historic COP21 climate conference in Paris last year. “As the developing world lifts billions of people into prosperity, our hope for a sustainable planet rests on a bold, global initiative.”
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