Ahmad added that 50 per cent of the total trade in East Asia is between neighbours. 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. Region: East Asia & Pacific. This will fund nearly 87,000 more houses in 32 districts affected by the 2015 earthquakes and provide grants for families to ensure rebuilt housing is earthquake resistant. The repository contains official documents and reports which are made available to the public in accordance with the Bank’s Access to Information Policy to better share the institution's knowledge base. The Bank Group hosted a pre-summit roadshow in Malaysia and Singapore to help raise interest among investors in those countries. In 2015, approximately 281 million people in the region were malnourished. The cutoff date for this report was April 9, 2018. To boost human capital as a driver of growth, the Bank is helping the region improve access to and quality of education, address childhood stunting and malnutrition, strengthen health systems and services, and expand safety nets to protect the poorest people. For the first time in South Asia, we extended a $10 million Catastrophe Deferred Drawdown Option (CAT-DDO), which will help Maldives mitigate the risks and vulnerabilities associated with COVID-19. First, SAFTA is undermined by the so-called “sensitive list”- a long list of products that are exempted from the tariff liberalization program. It will also support hand-washing stations in several municipalities to improve hygiene, both as part of the effort to address COVID-19 and for the longer term. The query also holds learning outcome data from international learning assessments (PISA, TIMSS, etc. A new World Bank report, South Asia’s Hotspots, finds that average temperatures in the region have increased in the last sixty years and will continue rising. And here are the reasons behind SAFTA’s ineffectiveness. The demographic transition is swelling the ranks of the working-age population across most of South Asia. regional growth is expected to contract by 7.7 percent in 2020, after topping 6 percent annually in the past five years. It won’t be easy but such actions are essential in making the region’s cities prosperous and livable. In Pakistan, an additional $700 million for the Dasu Hydropower Project will help lower the overall cost of the country’s energy generation, benefiting millions of users and making electricity more affordable. It's urgent to develop smart policies to help them and prepare for a resilient recovery. The slowdown has been severe in South Asia, which in recent quarters was no longer the fastest growing region in the world. As it paves the way for recovery, South Asia can sustain high growth only if investments and exports both grow stronger. 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. Rainfall is becoming more erratic: some areas will experience more droughts, others more rain. These … In Bhutan, $15 million in financing with a CAT-DDO will support reforms to manage climate and disaster risks, including disease outbreaks. We are working with partners to provide basic services to the displaced and hosting communities. The World Bank Group works in every major area of development. 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. According to the World Bank, 70% of the South Asian population and about 75% of South Asia's poor live in rural areas and most rely on agriculture for their livelihood according to the UN's Food and Agricultural Organisation. Fostering resilience to conflict and climate change. Through three projects, we will provide nearly 4 million people with access to health, nutrition, and family planning services and address gender-based violence through preventive and response services. The region is also highly vulnerable to climate impacts, including natural disasters and rising sea levels and temperatures. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The Documents & Reports (D&R) site is an official disclosure mechanism for the World Bank Group’s final reports. Conflict and fragility risks are increasing in South Asia, resulting in greater displacement. Toward Great Dhaka: A New Urban Development Paradigm Eastward, South Asia Hotspots: Impacts of Temperature and Precipitation Changes on Living Standards, Office of the Chief Economist, South Asia Region (SARCE). This time is different, as private consumption, traditionally the backbone of demand in South Asia and a core indicator of economic welfare, will decline by more than 10 percent, further spiking poverty rates. February 02, 2021 | Jaishree Jindel. South Asia’s economic outlook is grim The region is set to plunge in 2020 into its worst-ever recession as the devastating impacts of COVID-19 on South Asian economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty. Latest news and information from the World Bank and its development work in South Africa. For the first time in decades, Nepal also has a stable, majority government to carry out a long-term development vision. In its report released on Sunday, the World Bank saw the South Asian region, comprising eight countries, growing by 1.8 - 2.8% this year, down from the 6.3% it … In India, a $210 million project in the state of Maharashtra will help smallholder farmers access emerging domestic and export markets, increase private sector investment in agricultural value chains, increase productivity, respond to price fluctuations, and build crop resilience. Source: World Bank and staff calculations.. The World Bank EdStats Query holds around 2,500 internationally comparable education indicators for access, progression, completion, literacy, teachers, population, and expenditures. The initial focus has been on the health emergency response and protecting the most vulnerable. Making roads safer for India’s popular two-wheelers. Last Updated: Dec 20, 2020. According to the World Bank report, increasing the competitiveness of South Asia’s exports will require an improvement in the performance of its container ports, as over three quarters of the region’s trade is transported through ports. World Bank support has helped South Asia achieve the following results, among others: SPOTLIGHT: MAKING NEPAL AN ATTRACTIVE DESTINATION FOR INVESTMENT. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. South Asia At-A-Glance In 2020, South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty In India, a $400 million project will help the government develop an institutional framework to manage the Ganga river basin and finance investments that address pollution in the basin’s urban areas. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. In Nepal, we provided an additional $200 million to the Earthquake Housing Reconstruction Project. South Africa; South Sudan; Spain; Sri Lanka; St. Kitts and Nevis; St. Lucia; St. Martin (French part) St. Vincent and the Grenadines; Sudan; Suriname; Sweden; Switzerland; Syrian Arab Republic; T. … To learn more about cookies, click here. Report by the World Bank and Elsevier. South Asia real GDP growth forecast. It ap­ pears as the first in a series ofPolicy Research Reports, which are intended to bring . Medical experts place vulnerabilities related to respiratory ailments such as asthma and chronic lung disease high on the list of preexisting conditions that can make people more susceptible to COVID-19. All three can create jobs and fight poverty. In December 2019, we also convened the 100-day “Girls Learn, Women Earn” campaign, which focused on creating better learning and employment opportunities for Pakistani girls and women. The World Bank and Elsevier collaborated on the following report to examine research and collaboration in South Asia and beyond. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. In most South Asian countries, growth is expected to be below long-run averages this year but there is significant diversity evident in the high frequency data of industrial production. To learn more about cookies, click here. The World Bank's Regional Integration, Cooperation, and Engagement work supports regional activities in South Asia to promote economic connectivity, climate change resilience, and human development. According to the latest South Asia Economic Focus Beaten or Broken? Current account deficits have declined, as is often the case during economic downturns. But are countries generating enough jobs? In Pakistan, we committed $436 million to improve health and education services and social protection for poor and vulnerable households in Balochistan, Khyber Pakhtunkhwa, and Punjab. to South Asia from The World Bank: Data. ), equity data from … South Asia is again the fastest growing region in the world. In previous recessions, falling investment and exports led the downturn. The Bank supports cross-border trade, transport and energy connectivity, long-term water security, environmental sustainability, and resilience in South Asia, which remains one of the world’s least economically integrated regions. This work is funded by the Energy Sector Management Assistance Program (ESMAP), a multi-donor trust fund administered by The World Bank … According to our latest South Asia Economic Focus, growth in the region is projected between 1.8 and 2.8 percent this year, down from 6.3 percent projected six months ago and potentially the lowest in four decades. South Asia will be hit hard as COVID-19 strikes. World Bank support has helped South Asia … The East Asian Miracle is the summary ofthat program of research. This site uses cookies to optimize functionality and give you the best possible experience. It will be implemented in all 36 state districts and benefit over 1 million farming households. Factoring in population growth, however, income-per-capita in the region will remain 6 percent below 2019 estimates, indicating that the expected rebound will not offset the lasting economic damage caused by the pandemic. India’s economy, the region’s largest, is expected to contract by 9.6 percent in the fiscal year that started in March 2020. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The time to act is now to achieve the goal of halving road crash deaths by 2030. The South Asia Micro Database (SARMD) is a regional database of socio-economic indicators established in 2014 managed by SARTSD. Find out what the Bank Group's branches are doing. A $50 million regional project will support a partnership to fight plastic pollution in transboundary river systems and the region’s shared seas. It includes 40 surveys covering 8 countries. South Asia is facing its worst-ever recession. South Asia’s economic outlook is grim The region is set to plunge in 2020 into its worst-ever recession as the devastating impacts of COVID-19 on South Asian economies linger on. Global data and statistics, research and publications, and topics in poverty and development, PLASTIC FREE RIVERS AND SEAS FOR SOUTH ASIA, Environmental and Social Policies for Projects, Exports to Jobs: Boosting the Gains from Trade in South Asia. There are many more poor people who are net buyers of food than there are those who benefit from higher prices of agricultural products even in the predominantly rural countries of South Asia. Life expectancy at birth, total (years) GNI per capita, Atlas method (current US$) Statistical Capacity score (Overall average) Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. Four years ago, Nepal was reeling from a devastating earthquake that claimed thousands of lives. Notes: (e)=estimate; (f)= forecast. This report examines food and overall inflation trends in South Asia, which is experiencing relatively high inflation, and is home to a large number of poor. This site uses cookies to optimize functionality and give you the best possible experience. South Asia’s economic outlook is grim The region is set to plunge in 2020 into its worst-ever recession as the devastating impacts of COVID-19 on South Asian economies linger on. The report examines both short-term and longer-term … These projects will increase the quality and uptake of health services, improve early childhood education, provide learning opportunities for children in primary and secondary school, and establish more efficient economic and social inclusion programs. World Bank and Asian Development Bank join forces for a resilient recovery in South Asia . The World Bank’s recent report “A Glass Half Full: The Promise of Regional Trade in South Asia” gets to the bottom of this. New laws aim to encourage foreign direct investment, improve the business climate, and protect intellectual property. When the summit concluded, some 15 deals had been signed to develop hydro and solar power, 5G network services, a high-end resort, grain storage warehouses, and public-private partnerships. In 2020, South Asia is set to plunge into its worst-ever recession as the devastating impacts of COVID-19 on the region’s economies linger on, taking a disproportionate toll on informal workers and pushing millions of South Asians into extreme poverty. True, the scale of the deadly epidemic across South Asia seems smaller compared to Western countries: India, the world’s second-most populous country, reported 1,860 active cases as of today; Nepal has recorded zero official deaths. With an estimated 1.5 million people entering the job market every month over the next two decades, job creation is essential. There are many more poor people who are net buyers of food than there are those who benefit from higher prices of agricultural products even in the predominantly rural countries of South Asia. By increasing the use of e-commerce, the region could help increase competition and firms’ productivity, increase market access, and strengthen commercial linkages between countries. Income level: High income. O.1 Temperatures Have Been Increasing in Much of South Asia ..... 3 O.2 Annual Average Temperatures Increase by 2050 Relative to 1981–2010 ..... 7 O.3 Severe Hotspots Will Cover a Significant Portion of South Asia by 2050 ..... 9 1.1 South Asia Remains a Region Very Vulnerable to Climate Change and Road safety is a critical development priority. Again, fundamental to making this sub-region an economic growth node for south Asia; overall, if we look at the numbers, it is quite extraordinary," he said. The numbers in this report are based on SARMD. South Asia Chief Economist Office Macroeconomics, Trade and Investment Global Practice. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Informality and COVID-19 in South Asia, Office of the Chief Economist, South Asia Region (SARCE). At least 43 percent of participating farmers and workers are expected to be women. "In our part of the world, we have numbers that are far below those potential. Today, its future looks considerably brighter. Informal workers are at risk and millions may fall into extreme poverty. South Asia’s policymakers, the World Bank report says, face a choice: Continue on the same path or undertake difficult and appropriate reforms to improve the region’s trajectory of development. The indicators cover the education cycle from pre-primary to tertiary education. In India, an $80 million project will improve water management and increase agricultural productivity for more than 400,000 smallholder farmers, women, and pastoral communities in Himachal Pradesh. The report examines both short-term and longer-term … South Asia as used in this report includes Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. South Asia is on course for its worst economic performance in 40 years, with decades of progress in the battle against poverty at risk, because of coronavirus, the World Bank said Sunday. The Bank Group’s financial and technical support for the summit reaffirms the 50-plus year engagement with Nepal and supports our commitment to the country’s ambitious goal of becoming a middle-income country by 2030. It follows the Global Monitoring Database (GMD) … Since early April, the World Bank has delivered 25 operations totaling almost $7.9 billion to support COVID-19 recovery in South Asia. To create a more resilient future, countries need to sustain businesses and support job creation. As reports on policy issues, we intend that they should help us . A $120 million project in Nepal will improve employment services and labor market outcomes for nearly 100,000 youth, especially women. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. NEW DELHI: India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday. Countries need to reimagine the delivery of essential services, such as health, education and social protection to protect their people better against future shocks. In the Dark: How Much Do Power Sector Distortions Cost South Asia? Gerald Ollivier. Investors’ applications were also received for 11 other projects in response to the 77 that were showcased by the government. This report examines food and overall inflation trends in South Asia, which is experiencing relatively high inflation, and is home to a large number of poor. Inflation remains near … This package includes IDA guarantees and financing from the IDA18 Private Sector Window and leverages IFC loans and MIGA guarantees. In Bangladesh, a $500 million program will expand and enhance a 260-kilometer national highway to support greater regional trade and help improve the livelihoods of over 20 million people in rural areas. to . a broad audience the results ofresearch on development policy issues carried out by staff ofthe World Bank. South Asia is set to plunge into its worst-ever recession in 2020 as the devastating impacts of COVID-19 on the region’s economies linger. Shixin Chen. The report warned that the pandemic will reinforce inequality in the region. Access South Africa’s economy facts, statistics, project information, development research from experts and … Our report Unleashing E-Commerce for South Asian Integration analyzed how e-commerce can become a driver of growth and boost trade. "In Africa, over 22 per cent of trade is between neighbours." In Bangladesh, the $100 million Municipal Water Supply and Sanitation Project will help provide access to cleaner water sources and sanitation services for at least 600,000 people. South Asia’s Hotspots finds that higher temperatures and shifting precipitation patterns will reduce living standards in communities across South Asia—locations that the book terms “hotspots.” More than 800 million people in South Asia currently live in communities that are projected to become hotspots under a carbon-intensive climate scenario. Global data and statistics, research and publications, and topics in poverty and development, Environmental and Social Policies for Projects, Municipal Water Supply and Sanitation Project, Earthquake Housing Reconstruction Project, Unleashing E-Commerce for South Asian Integration, achieve gender parity in school enrollment, Office of the Chief Economist for South Asia Region, Beaten or Broken? GDP growth (annual %) - South Asia. The World Bank Group works in every major area of development. As a result, informal workers are at risk and millions of South Asians may fall into extreme poverty. The hydropower plant will provide most of its electricity during the summer months, when demand is highest, helping reduce blackouts. Investing in people and supporting inclusive growth. And growth should further strengthen to 7.1 percent on average in 2019-20, reflecting an improvement across most of the region. In Bangladesh, we approved three operations totaling $350 million to help address the needs of host communities and displaced Rohingya. Global action to reduce greenhouse gas emissions will reduce the … Addressing this requires building resilience at the local level. The World Bank, Parley for the Oceans, and SACEP will help South Asia curb marine plastic pollution and ramp up eco-innovation. This combination of factors helped attract more than 700 foreign investors from over 300 companies representing 40 countries at the Nepal Investment Summit, organized by the government in March 2019. The World Bank and the International Finance Corporation, collectively The World Bank Group, have provided this Global Solar Atlas in addition to a series of global, regional and country GIS data layers and poster maps, to support the scale-up of solar power in our client countries. Supporting sustainable growth and creating jobs. In Afghanistan, a $99 million financing package is supporting two gas-to-power energy projects to increase the amount of electricity generated domestically while leveraging private financing for the energy sector. Regional growth is projected to rebound to 4.5 percent in 2021. February 02, 2021 | Nadeera Rajapakse. Extreme poverty is steadily falling, and growth has remained relatively strong for the last two years. As of June 22, COVID-19 cases in South Asia have been rising exponentially, with more than 735,000 confirmed so far, mostly in India, Pakistan, and Bangladesh. Visit all of the projects that we are working on in the South Asia Region. World Bank national accounts data, and OECD National Accounts data files. World Bank (2019-10-13) Global GDP growth is decelerating, while trade and industrial production are stagnating. Our report Unleashing E-Commerce for South Asian Integration analyzed how e-commerce can become a driver of growth and boost trade. Data are in calendar years. Going forward, our priority is to pave the way for an inclusive and resilient recovery. Urban wetlands breathe life into Sri Lanka’s capital city. February 08, 2021 | Hartwig Schafer . By increasing the use of e-commerce, the region could help increase competition and firms’ productivity, increase market access, and strengthen commercial linkages between countries.

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