92 million people benefit from economic inclusion programs

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Women beneficiaries of a World Bank-funded Human Development Programs in the village of Soavina in Madagascar. Photo: © Sarah Farhat/World Bank
 

Economic inclusion programs help boost the income and assets of the world's poorest individuals and households with a "big push" of coordinated interventions. These programs are on the rise in 75 countries around the world, reaching approximately 20 million households and benefitting nearly 92 million individuals, according to the latest State of Economic Inclusion Report 2021.

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A man fills a syringe from a vial, Nigeria. Photo © Dominic Chavez The Global Financing Facility
 

The emergence of new, more transmissible variants has led to further large-scale shutdowns and redoubles the urgency of vaccination. Recovering from setbacks in human capital outcomes will depend greatly on the successful deployment of vaccines.

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Photo: © Tran Thi Hoa / World Bank
 

In January 2021, the Resilience Rating System was being piloted in more than 20 World Bank projects across all regions, covering sectors in human development, infrastructure, and sustainable development. The new rating system provides guidance on developing climate-resilient projects and is a way to assess what projects are doing to increase climate resilience.

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In West Africa, coastal erosion poses enormous risks and put thousands of lives and livelihoods at risk. Camp Khar Yallah or Waiting for God, Senegal, for internal displaced people due to climate change.

"As the COVID-19 pandemic continues to have devastating consequences globally, new vaccines offer a ray of hope. However, the economic and poverty implications of the pandemic are enormous. Economic recovery and jobs are front and center in the minds of decision-makers. Should resilient environmental projects be pushed back? We believe the answer in West Africa is no."

— Ede Ijjasz-Vasquez, Maria Sarraf, and Simeon Ehui, January 27

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Fatimetou Mint Mohamed is just one woman benefitting from a project to help communities diversify their income. Now she has big plans for her hide tanning business.

Read more #ChangingLives stories.

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Join our next #OneSouthAsia live conversation to hear how three women entrepreneurs are navigating the pandemic and tapping regional opportunities to create jobs, contribute to economic growth, and reduce gender gaps. South Asia has the world's lowest rate of women entrepreneurs, with just 18% of small, medium and large businesses principally owned by a woman. Tune in live January 29th at 8am ET.

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The COVID-19 pandemic has caused major disruptions in the global economy that could have lasting adverse effects. If history is any guide, the global economy is heading for a decade of growth disappointments. Join this key discussion on the reforms needed to spur growth following the economic damage caused by the COVID-19 pandemic. The conversation with experts will touch on many of the themes and findings from the latest Global Economic Prospects report, launched by the World Bank.

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More than 80% of @WBG_IDA-eligible countries' debt stock is owed to multilateral and bilateral creditors. Find out what that means during the #COVID19 crisis and what the @WorldBank is doing to help

Did you know? #Lebanon becomes 1st country to receive our support to fund the procurement of #COVID19 vaccines!

Chart: Share of Labor Force with Intermediate or Advanced Education who are UnemployedEstimates of the unemployed labor force who have intermediate education (upper secondary or post-secondary non-tertiary education) show that women are more likely to be unemployed than men. For more than half the countries for which there are data in the Middle East & North Africa region - about 1 in 4 women with intermediate education are unemployed and about 1 in 3 women with advanced education are unemployed. Read More>>

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