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World Bank

An assessment of 187 nations revealed women are fully equal to men under the law in only six nations, a new report said. They are Belgium, Denmark, France, Latvia, Luxembourg and Sweden. […] Read More

Extreme poverty around the globe decreased from 35.9 percent in 1990 to 10 percent in 2015, except Sub-Saharan Africa, where poverty was about 41 percent. […] Read More

The more we cooperate with others, the more we are likely to help. That’s the finding of a recent working paper. While not a study of religious faith, expanding our circle of concern sounds very Christian. […] Read More

Not only do social safety nets “play a pivotal role” in reducing poverty and lowering income inequality but they also have been demonstrated to be effective in doing so. These are two key assertions in the World Bank Group’s “The State of Social Safety Nets 2018” report released on April 4. “Social safety net (SSN) […] Read More

Expanding access to clean water, along with proper sanitation and hygiene systems, is essential to ending global poverty, but often there is a gap between policy and implementation. This was a central emphasis in a new World Bank report based on studies of conditions in 18 nations, including Bangladesh, Guatemala, Nigeria and the West Bank. […] Read More

Decades of progress in reducing extreme global poverty have been hindered by a continued high rate of income inequality, according to a World Bank report. “The world had almost 1.1 billion fewer poor in 2013 than in 1990, a period in which the world population grew by almost 1.9 billion people,” the report stated. Yet, […] Read More

Climate change will impoverish an additional 100 million people globally by 2030 if sufficient steps are not taken to mitigate global warming, according to a World Bank report. The publication, “Shock Waves,” noted the intimate connection between climate change and poverty, emphasizing that they must be addressed together rather than in isolation. “Ending poverty and […] Read More

Social safety net programs positively impact 1.9 billion worldwide, according to a new World Bank report. Interest in these “non-contributory measures designed to provide regular and predictable support to poor and vulnerable people” is growing, as their effectiveness becomes more widely recognized. Currently, “an average developing country … has about 20 social safety net programs” […] Read More

World Bank development programs have caused 3.4 million persons to be displaced, and many bank-funded initiatives have given rise to human rights abuses. These findings were revealed in a series of reports published by The International Consortium of Investigative Journalists (ICIJ) and The Huffington Post (HP) in April. The World Bank was established in 1944 […] Read More

Money, sex and power have a moral toxicity when mixed and misused. All three components have contaminated the ethos at the World Bank, the institution intended to help the poor, reduce global poverty and raise the standard of living. The World Bank president, who came to office with an anti-corruption agenda, has his own corrupt […] Read More