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poverty Education Featured World

Behind the numbers: How we measure global poverty

Did you know? According to the latest estimates from the World Bank’s Poverty and Inequality Platform (PIP), 831 million people worldwide live in extreme poverty, surviving on less than $3.00 per day. But how is this number derived? Where does the data come from? In this blog, we take you behind the scenes. To understand how the World […]

Development Education Featured Global World

Empowering youth with opportunities and jobs to end poverty

At the beginning of my advocacy journey, I often searched for affordable ways to present myself at events. A friend of mine had launched a small clothing business, offering creative designs that young people like me could afford. She hired a tailor to bring her ideas to life, but struggled with rent and limited capital. […]

Development Economy Featured Finance

Sparking the investment miracle developing economies need to create jobs

Developing economies today face an investment shortfall of historic proportions.  Meeting even the most modest development goals will require a huge investment push—equal to about 5 percent of global gross domestic product (GDP) per year. For low-income countries, the financing gap is about 8 percent of GDP annually. It’s a prohibitive price tag that runs into trillions of […]

Education Economy Featured News World

Education is a key to jobs, growth, and lifelong learning

Education is a foundation for good jobs and the surest way out of poverty. We know a good education equips learners with important foundational skills—literacy, numeracy, and socio-emotional competencies—which are essential for work and life. These skills help today’s children become tomorrow’s productive workers and enable workers to reskill or upskill later in life.   Investing […]

Economy Business Featured Finance Lifestyle

From crisis to action: Mobilizing tools for rapid response and lasting resilience

Over the past year, I’ve seen a growing interest in, and a stronger demand for, better tools to prepare for and respond to crises. Our partners in government, the private sector, civil society, foundations, and other development organizations send us the same message time and time again: In the face of crisis, we need greater […]

transport Development Economy Environment Featured

Why going “all in” on active mobility is a sure bet for sustainable development

Every year on United Nations World Bicycle Day (June 3), we celebrate the transformative benefits of the bicycle. At the World Bank Group headquarters in Washington, DC, staff from across the institution gathered in the main atrium—as per a growing tradition—to recognize the tremendous contribution the bicycle can make to the World Bank’s mission of ending extreme […]

Banking Economy Featured Technology

Finding the sweet spot between bank rivalry and safety

Imagine your favorite open-air market. Stalls hustle for customers, prices fall, and shoppers win—until one fragile roof gives way and everyone scrambles. Banking is similar. Lean rivalry makes credit cheaper; cut-throat rivalry slashes margins so deeply that lenders may gamble to survive. Finding the sweet spot is not guess-work. A new World Bank working paper – Navigating […]

poverty Featured Lifestyle News World

Public transit access and income segregation

Low-income households in US cities tend to be segregated in low-opportunity neighbourhoods with worse access to good schools and desirable urban amenities. Public transportation is often expected to bridge inequalities, but sparsely distributed public transit networks may end up concentrating poverty further if high- and low-income households sort differently between driving-accessible and transit-accessible residential neighbourhoods. […]