The Global Economy: on Track for Strong but Uneven Growth as COVID-19 Still Weighs

A year and a half since the onset of the COVID-19 pandemic, the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag.

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Empowering local people to engineer their own futures: a new infrastructure planning approach

Climate change is challenging our status quo as the frequency of extreme weather events 1140x500-ninos-corriendokeeps increasing. Water scarcity could cost some regions up to 6% of GDP and floods could force hundreds of millions of people from their homes by 2050. At the same time, we’re facing a $15 trillion infrastructure finance gap.

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Debt Service Suspension Initiative could save countries around $12 billion

Since the COVID-19 outbreak, developing economies have suffered unprecedented capital outflows. The World Bank Group has created a virtual one-stop for the latest information about Debt Service Suspension Initiative (DSSI). It highlights the potential savings for each eligible country—both in dollar terms and as a percentage of GDP. Explore the data!

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eC2: Blue Economy Assessments

Deadline: 27-Apr-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) water

a. Preparation of Blue Economy Roadmaps, including a rapid Blue Economy diagnosis (quantitative) of the contributions of selected productive sectors to the blue economy jobs, GDP, and gender; and Institutional assessment of policy and regulatory frameworks.
b. Assessment of regional marine monitoring and forecasting; and preparation of a OECS Marine Research Agenda and action plan.

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How to rekindle productivity growth, in five charts

There has been a broad-based slowdown in productivity growth since the global untitledfinancial crisis, affecting the majority of advanced economies and emerging market and developing economies (EMDEs).  Productivity growth is the primary source of lasting income growth, which in turn is the main driver of poverty reduction. Whereas the one-quarter of emerging market and developing economies (EMDEs) with the fastest productivity growth have reduced their extreme poverty rates by an average of more than 1 percentage point per year since 1981, poverty rates rose in EMDEs with productivity growth in the lowest quartile. The broad-based slowdown in labor productivity growth over the past decade has raised concerns about progress in achieving development goals.

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How important are Global Value Chains for development? Read the new WDR2020 draft report and comment

Following an intense research and writing process over the last 10 months, I am pleased figure_1_-_2020_wdr_framework to announce that a draft of the World Development Report (WDR) 2020 – Trading for Developing in the Age of Global Value Chains is now available online for public comment.

Why Global Value Chains (GVCs) and why now? 

The World Bank’s last report on trade was more than thirty years ago – WDR 1987 Industrialization and Foreign Trade. In the meantime:

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To balance debt and development, transparency and purpose are key

Unsustainable debt. Debt distress. Debt trap. These dire terms are once again back in theindex headlines, just a decade after the global financial crisis of 2008-2009.

In the past five years alone, public debt in the poorest countries has increased from 36 percent of GDP to 51 percent of GDP.  In addition, debt-service ratios in some countries are rising at an alarming pace, threatening countries’ ability to invest in much-needed infrastructure, education, health and many other needs crucial for lifting their citizens out of poverty and achieving the international community’s Sustainable Development Goals by their 2030 deadline.

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Making remittances work for the poor-Three lessons learned from three Greenback 2.0 Remittance Champion Cities in Southeast Europe

“Mother, you shall not fear as long as your sons live in Germany” goes a popular folk bc47fa5a-b961-4919-a1f9-3911757217d8song in Kosovo. Its equivalent in Bosnia and Herzegovina says “I am from Bosnia, take me to America” and in Albania the most famous morning show goes by the motto “Love your country, like Albania loves America”.  In these countries, migration and remittances are synonyms of economic prosperity in the homeland. More than 40 percent of the population of these countries lives and works abroad for decades, and regularly sends money to their families back home. Remittance inflows in 2018 are estimated to range from $1.3 to $2.3 billion in these countries, exceeding foreign direct investment and accounting for 10 to 16 percent of the GDP.[1]

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What does Urban Resilience mean in the Eastern Caribbean context?

When you think of a city, what comes to your mind? Skyscrapers? Subways? Crowds of castries_saintluica.jpgpeople jostling each other as they head to work? And what comes to mind when you think of an Eastern Caribbean island? Sun, sand, beaches paradise? Yet, Eastern Caribbean countries also have cities of thousands of people. In 2017, 35% of the Eastern Caribbean* population was urban: 221,000 out of 628,000 people lived in cities.
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Official Statistics in a Post-Truth World

edelman-1Submitted by Haishan Fu On Thu, 06/14/2018

I’ve been thinking about the role of data and digital technology in today’s information landscape. New platforms and technologies have democratized access to much of the world’s knowledge, but they’ve also amplified disinformation that affects public discourse. In this context, the official statistics community plays a critical role in bringing credible, evidence-based information to the public.

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