Unsustainable debt. Debt distress. Debt trap. These dire terms are once again back in the 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.
Take two numbers: 1 in 3 young people
worldwide are not in education, employment or
training, and over 875 million people are expected to migrate
These figures often reflect unfulfilled aspirations and lack of opportunity.
People are often in jobs with below poverty-line pay; others have no prospects for a raise and professional advancement; for some others, it is hard to re-enter the job market after a period of unemployment; and, among the youngest, many face daunting obstacles in joining the workforce.
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.
Deadline: 09-Apr-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)
Objective: The Household Survey: Building on the questionnaire already developed for the forthcoming LSMS survey in Senegal (shortened version), the household survey will collect comprehensive and multi-purpose household data, including specific modules on health (health expenditures, financial protection, as well as a short module on adolescent health). Administering this survey tool through the CAPI (Computer Assisted Personal Interview) software developed by the World Bank (Survey Solution), the survey is expected to cover approximately 2100 households distributed across three regions and representative at the departmental level.
WASHINGTON, October 17, 2017 — The social status of one’s parents is as influential today as it was 50 years ago in determining a person’s future, according to early findings from an upcoming World Bank report, Fair Progress? Educational Mobility Around the World. Marking the 25th anniversary of the International Day to Eradicate Poverty, the institution sounded the alarm on a lack of progress since the 1960s in an area that is crucial for reducing poverty and inequality and promoting growth.
Date: Thursday, November 12, 2015
Time: 4:00 p.m. – 5:30 p.m. (ET) / 21:00 – 22:30 (GMT) or convert time
Location: J1-050, World Bank Group HQ & Online