Cities in the developing world are rapidly expanding, boosting countries’ economies, reducing poverty, and fueling global prosperity. But as more people, assets, and economic activity become concentrated in cities, and infrastructure struggles to keep up with rapid growth, the risk posed by natural disasters and climate change is rising.
The World Bank’s Commission on Global Poverty has submitted recommendations on how to more comprehensively measure and monitor global poverty in support of the Bank Group’s goals of ending extreme poverty by 2030 and boosting shared prosperity.
Greater cooperation through carbon trading could reduce the cost of climate change mitigation by 32 percent by 2030, according to a new World Bank report released at an international carbon event in Vietnam.
By 2030, without significant investment to improve the resilience of cities around the world, climate change may push up to 77 million urban residents into poverty.
Climate-driven water variability is a natural phenomenon observed across river basins, but predicted to increase due to climate change. Environmental change of this kind may aggravate political tensions, especially in regions that are not equipped with an appropriate institutional apparatus.
Economic development relies critically on infrastructure development. Yet, without careful planning, the services provided by hydropower facilities and dams are at risk.
India’s rapid economic growth is helping drive down the number of poor people living in Asia, a new report says. The number of people living below the poverty line, on $1.90 a day or less, in South Asia decreased by 37 million in 2013 from a year earlier according to World Bank.
This paper uses household surveys from 89 countries to estimate the rate of extreme poverty among children in the developing world. The estimates are based on the same surveys and welfare measures as official World Bank poverty estimates.
Agribusiness (including agriculture) accounts for almost one third of South Asia’s GDP and has the potential to almost double over the next fifteen years (reaching US$1.5 trillion by 2030).
The issues around the environmental integrity of international market mechanisms have gained a great deal of attention in the wake of the Paris Agreement.
