Latest news with #AyhanKose
Arab News
9 hours ago
- Business
- Arab News
War-torn nations face growing poverty and hunger crisis
WASHINGTON: The world's most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent. That is the sobering conclusion of the World Bank's first comprehensive study of how 39 countries contending with 'fragile and conflict-affected situations'' have fared since the COVID-19 pandemic struck in 2020. 'Economic stagnation — rather than growth — has been the norm in economies hit by conflict and instability,' said Ayhan Kose, the World Bank's deputy chief economist. Since 2020, the 39 countries, which range from the Marshall Islands in the Pacific to Mozambique in sub-Saharan Africa, have seen their economic output per person fall by an average 1.8 percent a year. In other developing countries, by contrast, it grew by an average of 2.9 percent a year over the same period. The World Bank finds that countries involved in high-intensity conflict — which result in more than 150 deaths per million people — experience a cumulative drop of 20% in their gross domestic product, or the output of goods and services, after five years. More than 420 million people in the fragile economies are living on less than $3 a day — the bank's definition of extreme poverty. That is more than the combined total of everywhere else, even though the 39 countries account for less than 15 percent of the world's population. Many of these countries have long-standing problems with crumbling infrastructure, weak governance, and low educational standards. People in the 39 countries get an average of just six years of schooling, three years fewer than those in other low- and middle-income countries. Life expectancy is five years shorter, and infant mortality is twice as high. Increasing conflicts have made things worse. In the 2000s, the world saw an annual average of just over 6,000 conflicts — in which organized groups used armed force against other groups or civilians and caused at least one death. Now the yearly average exceeds 20,000. The conflicts are more lethal, too: In the 2000s, they took an average of fewer than 42,000 lives a year. From 2000 through 2024, the number averaged almost 194,000. Of the 39 countries, 21 are involved in active conflicts, including Ukraine, Sudan, Ethiopia, and Gaza. The World Bank finds that countries involved in high-intensity conflict — which result in more than 150 deaths per million people — experience a cumulative drop of 20 percent in their gross domestic product, or the output of goods and services, after five years. More conflict also means more hunger: The World Bank estimated that 18 percent — around 200 million — of the people in the 39 countries are 'experiencing acute food insecurity'' compared with just 1 percent in other low and middle-income countries. Some countries have managed to escape the cycle of conflict and economic fragility. Kose cites Nepal; Bosnia and Herzegovina; Rwanda; and Sri Lanka as relative success stories. And the World Bank report notes that the 39 countries do enjoy strengths, including natural resources such as oil and natural gas, and a lot of young, working-age people at a time when many economies are aging. 'Some of them are very rich when it comes to their tourism potential,'' Kose said. 'But you need to have security established. You and I are not going to go and visit these places unless they are safe, even though they might be the most beautiful places in the world.''
The Hill
10 hours ago
- Business
- The Hill
World Bank warns that 39 fragile states are falling further behind as conflicts grow, get deadlier
WASHINGTON (AP) — The world's most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent. That is the sobering conclusion of the World Bank's first comprehensive study of how 39 countries contending with 'fragile and conflict-affected situations'' have fared since the COVID-19 pandemic struck in 2020. 'Economic stagnation —rather than growth —has been the norm in economies hit by conflict and instability,' said Ayhan Kose, the World Bank's deputy chief economist. Since 2020, the 39 countries, which range from the Marshall Islands in the Pacific to Mozambique in sub-Saharan Africa, have seen their economic output per person fall by an average 1.8% a year. In other developing countries, by contrast, it grew by an average 2.9% a year over the same period. More than 420 million people in the fragile economies are living on less than $3 a day — the bank's definition of extreme poverty. That is more than everywhere else combined, even though the 39 countries account for less than 15% of the world's people. Many of these countries have longstanding problems with crumbling infrastructure, weak governments and low levels of education. People in the 39 countries get an average of just six years of schooling, three years fewer than those in other low- and middle-income countries. Life expectancy is five years shorter and infant mortality is twice as high. Increasing conflicts have made things worse. In the 2000s, the world saw an annual average of just over 6,000 conflicts — in which organized groups used armed force against other groups or against civilians and cause at least one death. Now the annual average exceeds 20,000. The conflicts are more lethal, too: In the 2000s, they took an average of fewer than 42,000 lives a year. From 2000 through 2024, the number averaged almost 194,000. Of the 39 countries, 21 are involved in active conflicts, including Ukraine, Sudan, Ethiopia and Gaza. The World Bank finds that countries involved in high-intensity conflict — which kill more than 150 out of every 1 million people — see a cumulative drop of 20% after five years in their gross domestic product, the output of goods and services. More conflict also means more hunger: The World Bank estimated that 18% — around 200 million – of the people in the 39 countries are 'experiencing acute food insecurity'' compared with just 1% in other low and middle-income countries. Some countries have managed to escape the cycle of conflict and economic fragility. Kose cites Nepal; Bosnia and Herzegovina; Rwanda; and Sri Lanka as relative success stories. And the World Bank report notes that the 39 countries do enjoy strengths, including natural resources such as oil and natural gas and a lot of young, working-age people at a time when many economies are aging. 'Some of them are very rich when it comes to their tourism potential,'' Kose said. 'But you need to have security established. You and I are not going to go and visit these places unless they are safe even though they might be the most beautiful places in the world.''
The Independent
10 hours ago
- Politics
- The Independent
World Bank warns that 39 fragile states are falling further behind as conflicts grow, get deadlier
The world's most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent. That is the sobering conclusion of the World Bank's first comprehensive study of how 39 countries contending with 'fragile and conflict-affected situations'' have fared since the COVID-19 pandemic struck in 2020. 'Economic stagnation —rather than growth —has been the norm in economies hit by conflict and instability,' said Ayhan Kose, the World Bank's deputy chief economist. Since 2020, the 39 countries, which range from the Marshall Islands in the Pacific to Mozambique in sub-Saharan Africa, have seen their economic output per person fall by an average 1.8% a year. In other developing countries, by contrast, it grew by an average 2.9% a year over the same period. More than 420 million people in the fragile economies are living on less than $3 a day — the bank's definition of extreme poverty. That is more than everywhere else combined, even though the 39 countries account for less than 15% of the world's people. Many of these countries have longstanding problems with crumbling infrastructure, weak governments and low levels of education. People in the 39 countries get an average of just six years of schooling, three years fewer than those in other low- and middle-income countries. Life expectancy is five years shorter and infant mortality is twice as high. Increasing conflicts have made things worse. In the 2000s, the world saw an annual average of just over 6,000 conflicts — in which organized groups used armed force against other groups or against civilians and cause at least one death. Now the annual average exceeds 20,000. The conflicts are more lethal, too: In the 2000s, they took an average of fewer than 42,000 lives a year. From 2000 through 2024, the number averaged almost 194,000. Of the 39 countries, 21 are involved in active conflicts, including Ukraine, Sudan, Ethiopia and Gaza. The World Bank finds that countries involved in high-intensity conflict — which kill more than 150 out of every 1 million people — see a cumulative drop of 20% after five years in their gross domestic product, the output of goods and services. More conflict also means more hunger: The World Bank estimated that 18% -- around 200 million – of the people in the 39 countries are 'experiencing acute food insecurity'' compared with just 1% in other low and middle-income countries. Some countries have managed to escape the cycle of conflict and economic fragility. Kose cites Nepal; Bosnia and Herzegovina; Rwanda; and Sri Lanka as relative success stories. And the World Bank report notes that the 39 countries do enjoy strengths, including natural resources such as oil and natural gas and a lot of young, working-age people at a time when many economies are aging. 'Some of them are very rich when it comes to their tourism potential,'' Kose said. 'But you need to have security established. You and I are not going to go and visit these places unless they are safe even though they might be the most beautiful places in the world.''
Al-Ahram Weekly
15 hours ago
- Business
- Al-Ahram Weekly
Surge in conflicts fuels extreme poverty: World Bank - Economy
Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the World Bank said Friday. Economies in fragile and conflict-affected regions have become "the epicenter of global poverty and food insecurity, a situation increasingly shaped by the frequency and intensity of conflict," the bank added in a new study. This year, 421 million people get by on less than $3 a day in places hit by conflict or instability -- a situation of extreme poverty -- and the number is poised to hit 435 million by 2030. Global attention has been focused on conflicts in Ukraine and the Middle East for the past three years, said World Bank Group chief economist Indermit Gill. But "half of the countries facing conflict or instability today have been in such conditions for 15 years or more," he added. Currently, 39 economies are classified as facing such conditions, and 21 of them are in active conflict, the Washington-based development lender said. The list includes Ukraine, Somalia, South Sudan and the West Bank and Gaza. It also includes Iraq although not Iran. The report flagged that moves to prevent conflict can bring high returns, with timely interventions being "far more cost-effective than responding after violence erupts." It also said that some of these economies have advantages that could be used to reignite growth, noting that places like Zimbabwe, Mozambique and the Democratic Republic of Congo are rich in minerals key to clean tech like electric vehicles and solar panels. "Economic stagnation -- rather than growth -- has been the norm in economies hit by conflict and instability over the past decade and a half," said Ayhan Kose, World Bank Group deputy chief economist. The bank's report noted that high-intensity conflicts, which kill more than 150 per million people, are typically followed by a cumulative fall of around 20 percent in GDP per capita after five years. Follow us on: Facebook Instagram Whatsapp Short link:
Time of India
15 hours ago
- Politics
- Time of India
World Bank warns that 39 fragile states are falling further behind as conflicts grow, get deadlier
The world's most desperate countries are falling further and further behind, their plight worsened by conflicts that are growing deadlier and more frequent. That is the sobering conclusion of the World Bank 's first comprehensive study of how 39 countries contending with "fragile and conflict-affected situations'' have fared since the COVID-19 pandemic struck in 2020. "Economic stagnation -rather than growth -has been the norm in economies hit by conflict and instability," said Ayhan Kose, the World Bank's deputy chief economist. Since 2020, the 39 countries, which range from the Marshall Islands in the Pacific to Mozambique in sub-Saharan Africa, have seen their economic output per person fall by an average 1.8% a year. In other developing countries, by contrast, it grew by an average 2.9% a year over the same period. More than 420 million people in the fragile economies are living on less than $3 a day - the bank's definition of extreme poverty. That is more than everywhere else combined, even though the 39 countries account for less than 15% of the world's people. Live Events Many of these countries have longstanding problems with crumbling infrastructure, weak governments and low levels of education. People in the 39 countries get an average of just six years of schooling, three years fewer than those in other low- and middle-income countries. Life expectancy is five years shorter and infant mortality is twice as high. Increasing conflicts have made things worse. In the 2000s, the world saw an annual average of just over 6,000 conflicts - in which organized groups used armed force against other groups or against civilians and cause at least one death. Now the annual average exceeds 20,000. The conflicts are more lethal, too: In the 2000s, they took an average of fewer than 42,000 lives a year. From 2000 through 2024, the number averaged almost 194,000. Of the 39 countries, 21 are involved in active conflicts, including Ukraine, Sudan, Ethiopia and Gaza. The World Bank finds that countries involved in high-intensity conflict - which kill more than 150 out of every 1 million people - see a cumulative drop of 20% after five years in their gross domestic product, the output of goods and services. More conflict also means more hunger: The World Bank estimated that 18% -- around 200 million - of the people in the 39 countries are "experiencing acute food insecurity'' compared with just 1% in other low and middle-income countries. Some countries have managed to escape the cycle of conflict and economic fragility. Kose cites Nepal; Bosnia and Herzegovina; Rwanda; and Sri Lanka as relative success stories. And the World Bank report notes that the 39 countries do enjoy strengths, including natural resources such as oil and natural gas and a lot of young, working-age people at a time when many economies are aging. "Some of them are very rich when it comes to their tourism potential,'' Kose said. "But you need to have security established. You and I are not going to go and visit these places unless they are safe even though they might be the most beautiful places in the world.''
