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World Bank Group: Financial Inclusion – Banking on Low-Income Households
Financial exclusion restricts economic opportunity and constrains poverty reduction. Yet today there are an estimated 2.5 billion adult people worldwide who go about their lives without any formal financial services such as bank accounts. According to the World Bank’s Global
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World Bank Group: Spurring Job Growth in the Western Balkans – Research and Innovation
By Paulo Correa and Christopher Colford Promoting economic growth and job creation requires innovative industries that can make imaginative use of business opportunities springing from new technologies and research and development (R&D) activities. But not every economy can develop a Silicon Valley
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Otaviano Canuto, World Bank Group: Walking on the Wild Side – Monetary Policy and Prudential Regulation
Global financial integration and the linkages between the financial and the real sides of economies are sources of huge policy challenges. This is now beyond doubt, after what we saw in the run-up to and the unfolding of the 2008
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World Bank Reports on Affordable Housing in Egypt
Hamada Mohamed, a taxi driver, is married with a 3 -year-old boy, and expecting a new baby in the coming months. Like 75 percent of young families he has not been able to afford a house and has had to
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World Bank Response to Philippines Typhoon Disaster
“We have been encouraged by the resilience of the Filipino people and the determination shown by President Aquino and his team as they work to recover from a disaster of unprecedented scale,” said World Bank Group President Jim Yong Kim.
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MIGA (World Bank): Energy in Africa – The Many Sides of Sustainability
Africa is booming—mostly. Much of the continent has experienced strong and sustained economic growth over the last two decades. Many countries have also been shielded from the recent Great Recession due to favorable commodity prices and relatively weak ties to
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The World Bank: Calling for an End to Poverty
With more than a billion people in the world living on less than $1.25 per day, World Bank Group President Jim Yong Kim today said this week that extreme poverty was “the defining moral issue of our time,” and he
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World Bank Initiative for a Low Carbon Future
The World Bank has announced a new Low-Carbon Liveable Cities (LC2) Initiative to support developing country cities around the world in their efforts to plan low-carbon, climate-smart development and get finance flowing. The initiative – which aims to reach 300
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Christopher Colford, World Bank: Competitive Cities Can Meet the Challenge of Job Creation
Focusing policies on competitive industries can provide jobs for the impoverished, hungry, restive urban millions As magnets for talent and crucibles of creativity, dynamic cities are the pacesetters for innovation in this era of relentless global competition. Vibrant metropolitan regions
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Otaviano Canuto, World Bank Group: China, Brazil – Two Tales of a Growth Slowdown
China and Brazil are both facing a growth slowdown, as compared to the period prior to the global financial crisis. They were both able to respond with aggressive anti-cyclical policies to the post-Lehman quasi-collapse of the global economy. In both
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