Human ingenuity works through the miracles that happen when governments, private enterprises, and individuals act to benefit entire societies—fostered by a balanced blend of rules and practices. Here are a few thoughts on the new
#BusinessReady
report.
#BusinessReady
goes beyond 'ease of doing business,' offering countries a roadmap to create a business climate that benefits firms, consumers, the environment, and society.
Read the
@ProSyn
op-ed by
@IndermitGill
➡️
JUST LAUNCHED: The
@WorldBank
's new flagship report,
#BusinessReady
(B-READY), offers countries a roadmap to create a business climate that benefits firms, consumers, the environment, and society as a whole.
➡️
STARTING IN ONE HOUR:
What policy reforms can boost private sector development and tackle global challenges? Join us as the
#BusinessReady
report launches to explore solutions.
🔴 Watch Live ➡️
With Minister Sri Mulyani Indrawati in Jakarta. Year in and year out, she's one of the world's top finance ministers. Indonesia's fiscal discipline should be studied and emulated—in poor, middle-income, and wealthy economies.
In their drive for wealth, too many developing economies remain wedded to an approach out of the last century: policies focused heavily on attracting investment. There is a better way--and it's quicker, kinder, and cleaner.
How can over 100 countries, including China and India, escape the “middle-income trap”?
@WorldBank
's latest World Development Report outlines how they can achieve faster, higher-quality, and lower-carbon-intensity growth.
➡️
🧵We just released our World Bank high income (HI) data
How did M'sia do?
> M’sia to reach HI by ~2030
> Projection most sensitive to US$/RM rate
- eg, if US$/RM was just-under-4 btwn 2022-24, 🇲🇾 would be HI *this* year
> Sarawak retains HI status. New entrant? Selangor!🧵
The World Bank Enterprise Surveys are invaluable for understanding the private sector's challenges and opportunities.
You'll want to join this event for firsthand insights about the latest trends and data.
Interested in
#privatesector
development?
Join us as a stellar lineup of experts outlines ways to unleash the private sector’s full potential, informed by the latest World Bank Enterprise Surveys
#data
on firm experiences.
📍Watch online
📣 My friend & colleague
@IndermitGill
coined the iconic term “Middle-Income Trap”
Now the World Bank Chief Economist, he’s coming to M’sia to talk about it!
Live in KL on June 11, w/
@n_izzah
,
@IdrisJala_
,
@JohanMerican
, & me
Moderated by the perspicacious
@shouningbfm
!
This is the fabulous
@WorldBank
team behind the forthcoming World Development Report on how middle-income countries can break into the ranks of the wealthiest economies—and how all economies can achieve high-quality
#growth
.
Watch out for it later this summer.
#WDR2024
Innovative research accelerates development. Join us as we launch the
#AfricaLEADS
program in Cape Town next week. The goal: Connect
@WorldBank
operations, policy, and research to drive change. Watch the video and register here: .
New York law governs a large share of the external sovereign-debt contracts of
#developing
#economies
. Section 230 of the state’s Sovereign Stability Act holds enormous promise, but it must be precisely drawn. Lee Buchheit and I outline a way forward.
Mark your calendars for July 9 and 10.
#ABCDE2024
will bring together leading economic thinkers to explore how to resolve the profound mismatch that exists between global policy advocacy and the research-based solutions needed to achieve this decade’s key development objectives.
Global debates on achieving key development goals are clouded by growing incoherence.
Join us at the
@WorldBank
&
@CGDev
as we work to bridge the gap between international policy advocacy & research-based solutions.
Register for
#ABCDE2024
➡️
Just finished an energizing visit to
@iitmadras
with
@WorldBank
India Lead Economist Aurélien Kruse and WDR2024 Director Somik Lall, at the invitation of the institute’s Extra Mural Lectures team. We discussed ‘India and the Middle-Income Trap.”
@emliitm
Our (World Bank) headline take on the M'sian economy
1. GROWTH: 4.3% for 2024; shade < regional avg of 4.5%
2. JOBS: Migrant workers crowd-in jobs for M'sians. Real problem for M'sians? ~4-in-10 M'sians work < skill levels
3. POVERTY: ~16k families still s.t. hardcore pov
🧵