The State of Social Safety Nets 2018

safety-nets-2018-report-cover-1Safety nets protect vulnerable households from impacts of economic shocks, natural disasters, and other crises

  • An estimated 36 percent of the very poor escaped extreme poverty because of social safety nets, providing clear evidence that social safety net programs are making a substantial impact in the global fight against poverty.
  • In developing and transition countries, 2.5 billion people are covered by safety net programs. Of these, 650 million people are from the poorest quintile.
  • Yet, in low-income countries, only 1 in 5 of the poorest are covered by safety net programs.

Continue reading

Moving beyond GDP to look at the world through the lens of wealth

STORY HIGHLIGHTS Graph1

  • Global wealth grew significantly over the past two decades with middle-income countries catching up to high-income countries.
  • New World Bank report includes estimates of human capital for the first time. Human capital is the largest component of global wealth, pointing to the need to invest in people.
  • Natural capital makes up nearly half of the wealth in low income countries. More efficient, long-term management of natural resources is key to sustainable development.

Continue reading

Improvements in Transportation and Road Safety to Benefit Nearly 400,000 Paraguayans

WASHINGTON, July 26, 2016 – The World Bank (WB) Board of Executive Directors approved a US$100 million loan yesterday that will contribute to reducing transportation costs and improving road safety, as well as the planning and management capacity of Paraguay’s road network. The project will benefit approximately 400,000 Paraguayans that use Routes 1 and 3, which link important development hubs in the country.

Continue reading