World Bank Group - International Development, Poverty, SustainabilityTime 2020-06-13 14:06:50
Description:With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Understanding Poverty Global data and statistics, research and publications, and topics in poverty and development We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. The shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. The World Bank forecasts that the global economy will shrink by 5.2% this year. Updated global estimates of the impact of coronavirus forecast 71-100 million will be pushed into extreme poverty. The fight against COVID-19 continues but countries are also planning for the future. Watch World Bank Group President David Malpass explore the recovery path after the pandemic. We are working to reverse biodiversity loss by directly investing in biodiversity and offering the financing, tools and technical advice to support nature and people. Learn how we are responding and supporting countries to manage the COVID-19 (coronavirus) pandemic. The World Bank Group has two goals, to end extreme poverty and promote shared prosperity in a sustainable way Who we are Using the newly launched growth forecasts of June from the Global Economic Prospects, we can update the estimate of the pandemic’s impact on global poverty. The new growth forecasts contain two scenarios—baseline and downside—allowing us to explore two different scenarios for how the pandemic may impact poverty. The baseline scenario assumes that the outbreak remains at levels currently expected and that activity recovers later this year, while the downside scenario assumes that outbreaks persist longer than expected, forcing lockdown measures to be maintained or reintroduced. Read More The COVID-19 pandemic is expected to plunge most countries into recession in 2020, with per capita income contracting in the largest fraction of countries globally since 1870. Advanced economies are projected to shrink 7 percent. That weakness will spill over to the outlook for emerging market and developing economies, who are forecast to contract by 2.5 percent as they cope with their own domestic outbreaks of the virus. Read More. Taking care of the land and preserving biodiversity – through healthy soil, reliable water access and pollinators – is vital for providing livelihoods for rural populations, particularly during times of economic shock like that caused by the current COVID-19 pandemic.Healthy ecosystems have been shown to provide a lifeline to the poorest. The Poverty Environment Network project that collects income data of forest adjacent communities from 24 countries, estimates that environmental income (most of it from the forest) represents 28 percent of total income of these households (Angelsen et al, 2014). Read More. As countries around the world contend with the health emergency of the COVID-19 pandemic, the economic effects of mitigation measures have immediately impacted the world’s commodity markets and are likely to continue to affect them in the longer term.The global economic shock of the pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the April Commodity Markets Outlook reports. Here is a look at the outlook for commodity markets in six charts. View Charts Access the World Bank's portfolio of more than 12,000 development projects, including current and historical data since 1947. We help developing countries find solutions to the toughest global and local development challenges—from adapting to climate change to boosting food security to increasing access to energy.
<<< Thank you for your visit >>>With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.