Tag: World Bank

 

What Is the World Bank Doing to Improve the Lives of Women and Girls?

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Today is International Women’s Day. How do we make sure that the fine words and aspirations tripping off the tongues of premiers and ministers this March 8th transfer into tangible progress for women and girls?

One small part of the solution is to make sure that the institutions dedicated to financing and implementing gender and development-related projects and programs are producing positive results. And that small part of the solution still requires some significant change to accomplish.

The World Bank’s Poverty Statistics Lack Median Income Data, So We Filled In the Gap Ourselves — Download Available

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PovcalNet, the World Bank’s global poverty database, provides all kinds of country statistics, including mean income, the share (and number) of the population living in absolute poverty ($1.90), the poverty gap and several measures of income inequality, such as the Gini coefficient. But one thing it doesn’t provide is median income or consumption. The median is a better measure of “typical” well-being than the mean, which is always skewed to the right.

We’ve been waiting for the World Bank to add these medians to its PovcalNet database, but we got impatient and did it ourselves. By manually running a few hundred queries in PovcalNet, we now have (and can share with you) the latest median income/consumption data for 144 countries (using 2011 PPPs — more on our methods below).

The World Bank Is Turning 70. Do We Still Need It?

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The World Bank opened in 1946 to finance a global economy just emerging from colonization and warfare and just embarking on the Cold War. Today the global development landscape is radically different, and capital circles the globe at volumes unthinkable back then. Why keep the World Bank now?

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