World Bank

artificial intelligence: Will Artificial Intelligence take over jobs?

Artificial intelligence (AI) can generate X-ray reports at Max Healthcare. This evolving tool — in beta stage at present — is being programmed with radiologists’ knowhow, by scanning millions of patient records. And though it may not yet be able to read the blur on the film as tuberculosis, in five years, AI could make that interpretation as well. On, almost 70% of motor insurance policies are sold by bots. HDFC Bank products such as ‘loan in 10 seconds’…

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Habitat for Humanity of Washington, D.C. to Dedicate Nine Homes

WASHINGTON, Jan. 22, 2018 /PRNewswire-USNewswire/ — After two and a half years of construction and the help of thousands of volunteers and donors from the D.C. community, Habitat for Humanity of Washington, D.C. (D.C. Habitat) will celebrate the completion of nine homes in Northeast and Southeast D.C. together with their nine new homeowners in a special ceremony on Saturday, January 27. The event also marks the completion of D.C. Habitat’s 169th home. Every family celebrating played an active role in making…

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World Bank Gives a Push to Cote d’Ivoire to Increase the Coverage of Early Childhood Nutrition – Côte d’Ivoire

$60.4 million is approved to prevent vulnerable children from stunting and help grow with adequate cognitive development and educational attainment WASHINGTON, January 19, 2018–The World Bank today approved a total amount of $60.4 million (about FCFA32 billion) in the form of a credit from the International Development Association (IDA*–$50 million), and a grant from the Power of Nutrition Trust Fund ($10.4 million), to support the government of Cote d’Ivoire in its efforts to improve nutrition, cognitive development and education attainment…

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World Bank signs $300m loan for Nepal quake reconstruction

Kathmandu – NPL Kathmandu, Jan 21, 2018 (AFP) -The World Bank on Sunday approved a $300 million loan for Nepal as the impoverished nation struggles to raise money to rebuild almost three years after an earthquake killed thousands and flattened homes. Nearly 9,000 people died when a 7.8-magnitude quake struck in April 2015, destroying more than half a million homes. Only one in ten of those homes has been rebuilt as the third anniversary of the disaster looms and Nepal…

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Informal economy – Newspaper – DAWN.COM

The writer is a researcher in the development sector. THE 12th Five Year Plan (2018-23) — to be finalised soon — is based on a strategy that combines “inclusive growth with green development”. In recent years ‘inclusive growth’ — growth that benefits all segments of society — has replaced ‘poverty alleviation’ as a catchphrase in development planning. Everyone is talking about it, including the IMF, World Bank, ADB, ILO, national governments as well as those averse to the ‘growth’ paradigm.…

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Greening economic growth – Newspaper

The writer is an environmental sustainability and climate expert, and a former practice manager of the World Bank’s Environment and Natural Resources Global Practice. WHEN I hear people in Pakistan talk of how we really need to focus on economic growth now and on cleaning up later, I cannot help thinking about the Mexican finance secretary’s reaction in 2000 when he heard that environmental degradation was costing his country about nine per cent of gross domestic product per annum. I…

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EDITORIAL COMMENT: The Zim Diaspora — from remittances to large-scale investment

India has one of the largest Diasporas in the world.  It is estimated to be 20 million strong.   They are in almost every country under the sun and remain closely connected to their country of descent culturally and economically.   According to reports, they send $56 billion in remittances annually.  Also, many of them are using the connections they have built in their adopted countries to raise money to invest in various economic sectors back home. Mexico also has a…

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World Bank to revise rankings

Following the admission by its Chief Economist that the process had been compromised by politicized methodology, the World Bank is set to revise its annual ranking of countries by ease of doing business. Paul Romer, the World Bank’s Chief Economist since late 2016, was reported by the Wall Street Journal as saying that the Bank found irregularities in how the survey’s methodology was updated from year to year, and intends to correct and republish the ranking for the past four…

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Vanguard Newspaper Nigeria – Why Nigeria should trade more with Africa | Nigerian Bulletin

By Onome Amawhe A Nigeria-Africa trade tie has long been a cherished, but elusive goal. With a growing need for the establishment of closer economic tie between Nigeria and the continent’s numerous countries, based on a heightened need for regional integration, and a clearer understanding of the reasons for past economic failures, the concept has gained a much more significant voice through Visa Africa Integration Index , launched in 2014 at the prestigious World Economic Forum in Durban, South Africa.…

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Chile complains of World Bank unfair treatment

Image copyright AFP/Getty Image caption Paul Romer is the World Bank’s chief economist Chilean officials have accused the World Bank of treating the country unfairly for several years. Foreign Minister Heraldo Muñoz, tweeted “fake news was becoming fake statistics”. He was responding to an interview given by the bank’s chief economist, Paul Romer who said indicators for Chile may have been manipulated for political reasons to show a decline in Chile’s business conditions. The World Bank has ordered an enquiry.…

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Reforms in retail sector may be need of the hour

India has tweaked its foreign direct investment policy in single-brand retail trading (SBRT) by allowing foreign players to have 100% stake under the automatic route. Earlier too, we had opened the door for 100% FDI in SBRT, but a government approval was needed beyond 49%. So, what has substantially changed from then to now? Nothing in terms increasing or lowering stakes. It is only in terms of enhancing the ease of doing business that this part of policy change concerns…

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Obsolete rules pull down Pakistan on World Bank’s rankings

Punjab govt initia­tes reform­s to facili­tate invest­ors, improv­e countr­y’s standi­ng PHOTO: REUTERS LAHORE: Though Pakistan is placed at a dismal 147th rank out of 190 economies in the World Bank’s Ease of Doing Business index for 2017, India stands at the 100th place, setting off alarm bells for policymakers. India has managed to leapfrog to gain a place among top-100 economies by achieving a 30-spot improvement as it was at the 130th position in 2016. The critical support to this achievement…

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Doing business rankings based on hard data: World Bank

NEW DELHI: With its own chief economist raising doubts over ‘doing business’ rankings of certain countries, the World Bank has said ranking indicators and methodology are designed with no single country in mind and rankings are based on “hard data”. The World Bank’s chief economist Paul Romer told The Wall Street Journal on Friday that the organisation changed the methodology of its ‘doing business’ rankings in ways that were unfair and misleading, and the organisation will recalculate the rankings for…

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World Bank Predicts Economic Growth For Zimbabwe

By Terrence Mawawa| The World Bank has predicted marginal economic growth in Zimbabwe following the new political dispensation. According to the World Bank, Zimbabwe’s economy is expected to grow by 0.9 percent this year before slowing to 0.2 percent in 2019. In its latest Global Economic Prospects Report, the World Bank attributed the slight economic growth to the new political era in Zimbabwe. According to the report, Zimbabwe’ s economy grew by 2.8 percent towards the end of the year…

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