Proactive steps need to be taken to ensure that technology adoption is guided by principles of human centricity, inclusion, and trust. Junior Professional Associate, Washington, United States MUMBAI: India can improve its economic growth rate by at least 1.5 percentage point if 50% of its women join the workforce, said Annette Dixon, World Bank 's vice president for the South Asia region. By intelligence officials, for intelligent people. South Asia is the southern region of Asia, which is defined in both geographical and ethno-cultural terms. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region as well as country briefs covering Afghanistan . License : CC BY-4.0. South Asia. Global Economic Prospects: South Asia. South Asia Economic Focus, Spring 2021 : South Asia Vaccinates World Bank (2021-03-31) South Asia region's economies are beginning to recover, though unevenly: economic activity in industry and export sectors have recovered to pre-COVID levels but some labor-intensive services sectors and tourism have not. Line Bar Map. Work with us to find fulfillment in sharing your knowledge and skills, and be a part of our vision in achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific. India's economy, South Asia's largest, is expected to . Remittances seem to have been even more essential during the COVID-19 pandemic, increasing by 5.2 percent . © 2018 The World Bank Group. For instance, in South Asia an estimated 5.5 million children are predicted to drop out of school due to COVID-related income losses. Recent developments: Although the South Asia region has witnessed a smaller number of COVID-19 cases than many other regions, touris m activity has faded, and domestic pandemic mitigation measures are weighing heavily on short-term economic activity. The CPIA rates countries against a set of 16 criteria grouped in four clusters: (i) economic management; (ii) structural policies; (iii) policies for . World Bank national accounts data, and OECD National Accounts data files. 329 were here. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The database, the full text of the report, and the underlying country-level data for all figuresâalong with the questionnaire, the survey methodology, and other relevant materialsâare available at www.worldbank.org/globalfindex. April 19, 2021 - The World Bank's Business Pulse Survey of more than 130,000 firms around the world indicates COVID-19 hit firms harder in South Asia than firms in other regions. A selection of documents is provided on global, regional and state policy experiences of relevance to India, and more broadly to South Asia, along with . Population, total - South Asia. Found insideThis book identifies factors that contribute to water conflicts and that detract from water cooperation in this region. It sheds light on how international organisations affect these transboundary water interactions. All Rights Reserved. The South Asian region, comprising eight countries, is likely to show economic growth of 1.8% to 2.8% this year, the World Bank said in its South Asia Economic Focus report, well down from the 6.3 . The World Bank's recently released South Asia Economic Focus, Fall 2020 report has revealed the sharp economic impact of COVID-19 in a region that is home to 1.38 billion people or one fourth of . https://www.linkedin.com/in/hartwig-schafer-90551a52/, Unlocking and Safeguarding Human Potential Across South Asia, South Asia unites to double down on marine plastics pollution. In South Asia extreme poverty also fell sharply, to a third of its 1990 level (from 45 percent to 15 percent). Governance consists of the traditions and institutions by which authority in a country is exercised. Rapid changes have taken place in the structure of the global economy, and this book looks at how South Asia can take advantage of these changes. Graph, map and compare more than 1,000 time series indicators from the World Development Indicators. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. Li-cense: Creative Commons Attribution CC BY 3.0 IGO Translations—If you create a translation of this work, please add the AFP, Washington, United States. World Development Report 1995: Workers in an Integrating World addresses labor and employment--issues that are important for South Asia. This book analyzes the performance of South Asian educational systems and identifies the causes and correlates of student learning outcomes. He brings strong operational experience from several regions and sectors. World Bank stops financial support to Afghanistan amid worries about fate of women under the Taliban. In this first edition, the Bank finds that South Asia s strong rebound since March 2009 is comparable to that in East Asia. Government policy, external support, resumption of private spending and global recovery are driving the rebound. 2020. Infrastructure is essential for development. GNI per capita, Atlas method (current US$) - South Asia. None. Economist, Pretoria, South Africa The World Bank Updated: 2021-09-09T23:57:16Z. South Asia from The World Bank: Data. Over 700 events have been live-streamed on the platform, including in languages - Spanish, French, and Arabic. Health, Nutrition and Population. In managing the World Bank's engagement in South Asia to end extreme poverty and boost shared prosperity, Schafer leads relations with Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Before joining the region, Schafer served as the Vice President for Global Themes where he oversaw the World Bank Group’s engagement in corporate priority areas of Fragility, Conflict and Violence, Gender, Infrastructure, Public-Private Partnerships, Guarantees, Climate Change, and Knowledge Management. Projects. There are clear signs of an economic rebound in South Asia. The COVID-19 pandemic has upended decades of global development progress, with the poor and vulnerable the worst hit. This report synthesizes the results of country and sector studies on the economic costs and benefits of unilateral and regional actions on climate change in the Asian Development Bank's six South Asia developing members, namely Bangladesh, ... While all regions have made progress, the most significant was in East Asia and Pacific, which recorded an extreme poverty rate of just 3.5 percent in 2013, a dramatic fall driven largely by China. Population, total - South Asia, World from The World Bank: Data Topographically, it is dominated by the Indian Plate and defined largely by the Indian Ocean on the south, and the Himalayas, Karakoram, and Pamir mountains on the . Find Out Find Out. Which prompts the question: How bad is inequality in South Asia? And why would that matter? This book takes a comprehensive look at the extent, nature, and drivers of inequality in this very dynamic region of the world. In managing the World Bank’s engagement in South Asia to end extreme poverty and boost shared prosperity, Schafer leads relations with Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. This is more than half of all global dropouts. World Bank national accounts data, and OECD National Accounts data files. Metadata. Highest values. South Asia's reliance on state-led development is concealing vulnerabilities to growing levels of unsustainable debt that could lead to financial crises, the World Bank warned. The largest share of the "new poor" is estimated to be in South Asia. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). "Written for public and private sector professionals in South Asia, the book presents policy options that would enable the subregion to compete in a rapidly changing global environment. We invite you to send questions to panelists by email: [email protected] COVID-19 pandemic has exacerbated these vulnerabilities and reversed much of the recent gains in human development. The pandemic has abruptly halted years of progress against global extreme poverty, expected to rise this year for the first time in over two decades. Despite the potential, the region faces persistent human capital deficits—one out of every three children is stunted here, and four out 100 do not live beyond the age of five. India's economy is expected to grow 1.5% to 2.8% in the 2020-21 fiscal which started on April 1, the World Bank said in its South Asia Economic Focus report. South Asia has a huge need to create more and better jobs for a growing population â â especially in the manufacturing industries where it is underperforming as compared to East Asia. None. It includes population data by various age groups, sex, urban/rural; fertility data; mortality data; and migration data. Day 2. The World Bank is working closely with countries in South Asia to sustainably. Log into your account. Most of the new extreme poor, more than 110 million even by the World Bank's baseline estimate, will be in South Asia and sub-Saharan Africa. Country Policy and Institutional Assessment. He manages a portfolio of financial support worth more than $50 billion. Find Out REPORT FRAUD OR CORRUPTION. South Asia has a young population and one of the lowest female participation rates in the labor force. Latin America, economic policy, Caribbean area, economic stabilization, poverty, government policy. Regional Vice-President for South Asia of The World Bank, Praful Patel addresses a press conference in New Delhi, 12 February 2007. Online tool for visualization and analysis. Wednesday, September 9, 2020. Governments in the region, including India and Pakistan, are exposed to the risk of "hidden debt" via funding guarantees by state-owned banks and enterprises, as . South Asia Subregional Economic Cooperation (SASEC) With employees from more than 60 countries, ADB is a place of real diversity. Aggregates. This site uses cookies to optimize functionality and give you the best possible experience. Found inside â Page i'The World Bank needs India more than India needs it.' 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