#The World Bank

Social enterprise works to end period poverty in Scotland

Edinburgh — For half of the world's population, sanitary products are a necessity. With costs soaring to $11 per month, for many women, these items have become a luxury. But a social enterprise called Hey Girls is trying to change that by providing free sanitary products. A new law...
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Equatorial Guinea's poor lose hope in promised social housing

Brand new homes intended for Equatorial Guinea's lower-income families have cropped up across the capital Malabo, but shanty town residents say they are going to the middle class and wealthy instead. Obiang planned to provide enough housing to raise Malabo's shanty towns, including Nubili, a mass of tin-roofed shacks along narrow paths that is home to thousands of families in the heart of the city.
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African central banks discuss CBDCs for cross-border payment

African central banks are exploring the use of a central bank digital currency (CBDC) for cross-border payments in the region. In a meeting hosted in Kenya recently, 13 national and regional central banks discussed possible collaborations on a cross-border CBDC and the impact it would have on compliance with regulatory standards.

Country provides free period supplies to women

(WTRF) — Women make up half of the world’s population, and with that comes the necessities of sanitary products, according to CBS News. Average costs for these items are $11.00 per month, and for many, this is a luxury. Hey Girls a social enterprise is aimed at changing...

World Bank: increase prices to fight against water scarcity

The World Bank expects growth to slow to 1.3% for Morocco in 2022. In addition to the destabilizing shocks taking place internationally, this deceleration is explained by the agricultural sector which is expected to contract sharply with a fall 15% of its added value. For Javier Diaz Cassou, Senior Economist of the World Bank in Morocco, this development confirms the high exposure of the country and the vulnerability of its economy to climatic shocks with episodes of drought which have been linked for three of the last four years. “In the longer term, the Moroccan economy could find it more difficult to recover from droughts, as water scarcity becomes a more permanent condition”, warned Javier Diaz Cassou, on the occasion of the publication of the new report. monitoring of the economic situation in Morocco presented on July 20, during a meeting also moderated by Jesko Hentschel, director of operations of the World Bank in the Maghreb. According to the report, while the Kingdom is relying on an ambitious $40 billion infrastructure development plan to minimize the impact of droughts and water scarcity on the Moroccan economy, however, continues to increase the The storage capacity is insufficient to deal effectively with water stress.

Inflation to reduce in 2023, relief to remain in 2024

Inflation is all set to reduce in India and all across the world, and this respite from high prices will come to stay for a long period of time. According to a report from the World Bank, the rates of almost all the commodities like crude oil, natural gas, grains, edible oil, cotton, and metals, will go down by 15% in the year 2023. After which, in 2024 as well, the rates of the same are expected to drop by 12%. This year, the biggest role in inflation was played by crude oil and natural gas. The next year, their prices will drop the most.

15 Most Valuable Companies in Canada

In this article we take a look at the 15 most valuable companies in Canada. To skip this part and see the top 5 companies in this list, click 5 Most Valuable Companies in Canada. Canada is a natural resource-rich country with the second-largest landmass in the world. Having a...

'But You're a Woman': Iraqi Furniture-Maker Carves up Stereotypes

Baghdad - With hammer and saw, Nour al-Janabi is building her latest creation, a candy-pink sofa, in the carpentry workshop she runs in male-dominated and conservative Iraq. 'At the start, relatives criticized me,' said the 29-year-old carpenter and furniture-maker, who is also a mother of four. 'They would say: 'But you're a woman... You're an amateur... It's a men's trade.''

How to Save Money When You Need to Remit Cash to Family Back Home

In many countries, money transfers from migrant family members working abroad are vital for survival and progress. The payments sent from the earnings of migrant workers overseas, known as remittances, could be the difference between survival and poverty. In fact, remittance payments are on the rise globally and have become the biggest piece of foreign income sent to many developing economies. According to The World Bank, in 2021, remittances to low and middle-income nations climbed 8% vs. 2020 levels to $605 billion, surpassing even the strongest of predictions. And with the holidays right around the corner, the time couldn’t be better to prepare for any financial needs in your home country.

Poverty Reduction in South Sudan

South Sudan is considered the youngest nation in the world, officially gaining independence from Sudan on July 9, 2011, after a vote for independence was passed via referendum in January of that year. Data from the World Bank shows that the poverty rate in South Sudan was 82.3% as of 2016 – the highest poverty rate in the world. The World Bank also outlined some of the other issues South Sudan faces including severe flooding, food shortages a humanitarian crisis coupled with a vulnerable government built upon a shaky peace treaty. These issues make it extremely difficult for South Sudan to address the poverty crisis.