World Bank

World Bank Our vision is to create a world free of poverty on a livable planet. Our vision is create a world free of poverty on a livable planet.

12/31/2025

๐ŸŽง In this episode of ๐˜›๐˜ฉ๐˜ฆ ๐˜‹๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜—๐˜ฐ๐˜ฅ๐˜ค๐˜ข๐˜ด๐˜ต, we look back at ๐ฐ๐ก๐š๐ญ ๐ฌ๐ก๐š๐ฉ๐ž๐ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“ ๐š๐ง๐ ๐ฅ๐จ๐จ๐ค ๐š๐ก๐ž๐š๐ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ” ๐š๐ง๐ ๐›๐ž๐ฒ๐จ๐ง๐. We're delighted to be joined by Anna Bjerde, World Bank's Managing Director of Operations and Raj Kumar, President and Editor-in-Chief of Devex. Listen now! http://wrld.bg/Evzh50XMEQp

๐Ÿ“š Here is a selection of four recent reports. Download our publications to access the ๐ฅ๐š๐ญ๐ž๐ฌ๐ญ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก on development and...
12/31/2025

๐Ÿ“š Here is a selection of four recent reports. Download our publications to access the ๐ฅ๐š๐ญ๐ž๐ฌ๐ญ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก on development and growth. http://wrld.bg/stXQ50XLcQA

โžค Rethinking Resilience: Adapting to a Changing Climateโ  http://wrld.bg/wc2P50XLhuR
โžค (In)Formalizing Jobs in Latin America and the Caribbean: Taxes, Benefits, and Labor Market Incentivesโ  http://wrld.bg/L5qB50XLhvb
โžค Making Job Platforms Work for Women http://wrld.bg/C7fN50XLhvu
โžค Mineral Resources of Africaโ  http://wrld.bg/Ty7S50XLhwu

๐ŸŽฏ In 2025, the World Bank Group made jobs its defining mission. In 2026, that mission will start to yield visible, measu...
12/31/2025

๐ŸŽฏ In 2025, the World Bank Group made jobs its defining mission. In 2026, that mission will start to yield visible, measurable, and transformative results. By focusing on jobs today, we lay the foundation for a more secure, prosperous tomorrow. Read our ๐˜๐ž๐š๐ซ ๐ข๐ง ๐‘๐ž๐ฏ๐ข๐ž๐ฐ.

As we look toward 2026, we remain committed to development that is resilient, fiscally sound, and based on trust. We call this approach smart...

Trade data offers critical insights into the resilience of national nutrition supply. When countries depend on only a fe...
12/30/2025

Trade data offers critical insights into the resilience of national nutrition supply. When countries depend on only a few suppliers for nutritious foods, even small disruptions can affect availability, affordability, and ultimately nutrition security.

Most countries rely on imports for key food groups, but limited supplier diversity increases vulnerability. This blog explains how assessing import...

12/30/2025

๐ŸŒ‡ ๐‚๐ˆ๐“๐˜ ๐“๐Ž๐”๐‘๐ˆ๐’๐Œ: ๐”๐๐‹๐Ž๐‚๐Š๐ˆ๐๐† ๐‰๐Ž๐๐’, ๐Ž๐๐๐Ž๐‘๐“๐”๐๐ˆ๐“๐ˆ๐„๐’, ๐€๐๐ƒ ๐‘๐„๐†๐ˆ๐Ž๐๐€๐‹ ๐†๐‘๐Ž๐–๐“๐‡

From ancient Byblos and Carthage to the sacred monuments of Madinah, bustling souks of Marrakesh, and futuristic skyscrapers of Dubai, cities in the Middle East and North Africa (MENA) have long enticed travelers worldwide.

These city centers are not only repositories of history and culture, but also vibrant hubs of commerce, spirituality, hospitality, adventure, and innovation that attract tourists from all around the world. In 2023, tourism contributed an estimated 6.7 percent to the Middle East's GDP and 8.1 percent to North Africa's, with the region outpacing global recovery trends from COVID.

Yet, despite this appeal, city tourism in MENA operates far below its potential. Much of the regionโ€™s tourism remains concentrated in enclave beach resorts or a handful of religious sites. A wide range of UNESCO World Heritage sites, traditional crafts markets and historic quarters that have the potential to serve as economic engines remain underutilized. The World Bank's experience demonstrates that properly developed tourism offers economic benefits reaching far beyond traditional sun-and-sand destinations.

When tourism value chains are well integrated, the sector drives growth in linked local industries, amplifying its impact on jobs and local economies. According to the World Travel and Tourism Council, the travel and tourism sector in the Middle East is expected to create nearly 3.6 million new jobs over the next decade. This job intensity makes tourism particularly valuable for MENA cities, facing urgent youth unemployment.

City tourism generates employment across the entire skills spectrum, from facilities maintenance and hospitality services to specialized roles for architects, curators, digital marketers, and facility managers. Women represent a significant share of tourism entrepreneurs, often establishing small and medium enterprises in hospitality, handicrafts, and cultural services. As example, evidence from Southern Albania demonstrates tourism's inclusive potential with over half of thousands of new jobs created went to women, youth, and persons with disabilities. Strategic city tourism development could also extend employment seasons and offer diversified income sources, supporting resilient economies.

Cities serve dual roles as destinations and gateways from which tourism benefits flow to surrounding areas. As logistics hubs providing airport access, hospitality services, and marketing platforms, cities make rural destinations accessible while the same infrastructure enables rural residents to access urban employment and markets. Cities hosting major events such as the World Cup, Hassan II tennis tournament and cultural events such as music festivals attract tourists from beyond national boundaries. Linking these city-focused attractions with nature-based destinations, eco-tourism, and agricultural tourism offers tourists diverse regional experiences.

Realizing this regional potential requires expanding accommodation in secondary destinations, improving connectivity, and investing in marketing regional experiences. A World Bank study showed that a 10 percent increase in tourism demand to underserved regions in Egypt, Lebanon, and Morocco could generate between 5 and 19 percent more jobs in hospitality sectors, with spillovers across transport, entertainment, and local services. Local household income multipliers from nature-based tourism ranges from $2 to $5 for every tourist dollar spent, with poor rural households often benefiting disproportionately.

From Aseer's mountain heritage to Tunis' medinas, from Alexandria's waterfront to Amman's citadel, mayors across MENA can transform their cities into economic powerhouses that create jobs, preserve heritage, and catalyze regional prosperity. The question is not whether city tourism can drive transformation, it is which cities will seize this opportunity first. With the right investments in infrastructure, skills, and partnerships, MENA's mayors can write the next chapter in their cities' storied histories, one where ancient souks bustle with entrepreneurs, heritage sites employ local youth, and every visitor becomes an ambassador for the entire region.

โœ๏ธ ๐˜‰๐˜บ ๐˜Š๐˜ข๐˜ต๐˜ฉ๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜ฆ ๐˜›๐˜ฐ๐˜ท๐˜ฆ๐˜บ, ๐˜—๐˜ณ๐˜ข๐˜ค๐˜ต๐˜ช๐˜ค๐˜ฆ ๐˜”๐˜ข๐˜ฏ๐˜ข๐˜จ๐˜ฆ๐˜ณ ๐˜ง๐˜ฐ๐˜ณ ๐˜ต๐˜ฉ๐˜ฆ ๐˜”๐˜ช๐˜ฅ๐˜ฅ๐˜ญ๐˜ฆ ๐˜Œ๐˜ข๐˜ด๐˜ต ๐˜ข๐˜ฏ๐˜ฅ ๐˜•๐˜ฐ๐˜ณ๐˜ต๐˜ฉ ๐˜ˆ๐˜ง๐˜ณ๐˜ช๐˜ค๐˜ข ๐˜™๐˜ฆ๐˜จ๐˜ช๐˜ฐ๐˜ฏ

12/30/2025

โ˜‘๏ธ Our latest regional economic update for the Middle East, North Africa, Afghanistan, and Pakistan argues that job creation and fully leveraging the regionโ€™s workforce are essential to raising living standards. In this context, the low ๐ฅ๐ž๐ฏ๐ž๐ฅ๐ฌ ๐จ๐Ÿ ๐Ÿ๐ž๐ฆ๐š๐ฅ๐ž ๐ฅ๐š๐›๐จ๐ซ ๐Ÿ๐จ๐ซ๐œ๐ž ๐ฉ๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ญ๐ข๐จ๐ง in the region remains a major obstacle. โ 

๐Ÿ—ฃ๏ธ Watch Roberta Gatti, Chief Economist for the Middle East, North Africa, Afghanistan & Pakistan region at the World Bank, and download the report: http://wrld.bg/Z1tw50XLhii

๐Ÿ“ˆ The World Bank Groupโ€™s ๐ง๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐ ๐š๐ฌ ๐ฉ๐ซ๐ข๐œ๐ž ๐ข๐ง๐๐ž๐ฑ increased by 5 percent in November over the prior month, after declinin...
12/29/2025

๐Ÿ“ˆ The World Bank Groupโ€™s ๐ง๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐ ๐š๐ฌ ๐ฉ๐ซ๐ข๐œ๐ž ๐ข๐ง๐๐ž๐ฑ increased by 5 percent in November over the prior month, after declining 5 percent in 2025Q3 over the previous quarter. Changes in the U.S. and European benchmark prices have been strikingly divergent in recent months.

Global gas markets are entering a new phase as U.S., European, and Asian price paths divergeโ€”driven by LNG trade shifts, changing demand, and...

12/29/2025

๐Ÿ—จ๏ธ ๐๐€๐•๐ˆ๐†๐€๐“๐ˆ๐๐† ๐๐€๐๐Š ๐…๐€๐ˆ๐‹๐”๐‘๐„๐’ ๐€๐Œ๐ˆ๐ƒ ๐’๐Ž๐•๐„๐‘๐„๐ˆ๐†๐ ๐ƒ๐„๐…๐€๐”๐‹๐“๐’ ๐ˆ๐ ๐„๐Œ๐„๐‘๐†๐ˆ๐๐† ๐Œ๐€๐‘๐Š๐„๐“๐’

Sovereign defaults in Emerging Markets and Developing Economies (EMDEs) increased significantly after the Covid-19 pandemic, with 31 defaults in 2020 and 38 in 2021. According to the World Bank Groupโ€™s latest International Debt Report, external debt burdens across low- and middle-income countries continue to build, reaching a record US$8.9 trillion in 2024, with interest payments climbing to an all-time high of US$415 billionโ€”straining fiscal space just as more countries confront rising risks of default.

Sovereign defaults in recent years in countries like Sri Lanka, Ghana, and Lebanon ๐ข๐ฆ๐ฉ๐š๐œ๐ญ๐ž๐ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ and signaled future challenges for other EMDEs with similar fiscal and external vulnerabilities. Sri Lankaโ€™s default on its foreign sovereign debt in 2022, for instance, was the first in its history. The run-up to the sovereign default was marked by a tide of economic adversity and a financial sector heavily exposed to the sovereign through rising holdings of government securities. The country introduced import restrictions amidst an economic downturn, as international reserves dwindled when they were used to service international debt and to preserve the exchange rate level. The collapse of the exchange rate and the sovereign default that followed set the stage for a contraction in economic activity and put the spotlight on banksโ€™ overexposure to the distressed sovereign.

When banks become jittery in a sovereign default, it doesnโ€™t just unsettle the financial sectorโ€” ๐ข๐ญ ๐œ๐š๐ง ๐ฌ๐ฐ๐ข๐Ÿ๐ญ๐ฅ๐ฒ ๐ฌ๐ก๐š๐ญ๐ญ๐ž๐ซ ๐ฉ๐ฎ๐›๐ฅ๐ข๐œ ๐œ๐จ๐ง๐Ÿ๐ข๐๐ž๐ง๐œ๐ž. Other countries followed a similar script:
โžค rising sovereign stress due to persistent fiscal deficits and unsustainable public debt levels,
โžค weak external positions manifested through current account deficits and low international reserve coverage. These fiscal and external pressures increasingly shifted government financing needs to the domestic domainโ€”primarily banks and financial institutions,
โžค exposing the financial sector to heightened sovereign risk.

As international investors grew wary of these fiscal weaknesses post-pandemic, governmentsโ€™ access to external market financing diminished and reliance on the domestic financial sector increased. The sovereign-financial sector nexus deepened, leaving the financial sectorโ€™s soundness vulnerable to a government whose creditworthiness was under acute pressure.

Resolving ๐œ๐จ๐ฆ๐›๐ข๐ง๐ž๐ ๐ฌ๐จ๐ฏ๐ž๐ซ๐ž๐ข๐ ๐ง-๐›๐š๐ง๐ค ๐œ๐ซ๐ข๐ฌ๐ž๐ฌ, commonly known as conglomerate crises, is highly complex given interactions between macro and financial sector variables, lack of monetary and fiscal policy space, and the need for painful reforms across a broad range of policy areas, often under acute time pressure. Bail outs funded by taxpayer money are often not an option given the lack of government fiscal buffers.

Countries need ๐ฆ๐จ๐๐ž๐ซ๐ง ๐›๐š๐ง๐ค ๐ซ๐ž๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐ซ๐ž๐ ๐ข๐ฆ๐ž๐ฌ to reduce fiscal costs during bank failures. Such tools help set failing financial institutions aside from the general corporate insolvency framework, enabling early and prompt intervention that preserves depositorsโ€™ funds. A resolution framework also provides robust statutory powers to carve out assets and liabilities (e.g. purchase and assumption transactions) and writing down or converting liabilities into equity (i.e. bail-ins), among others. This is in contrast with bailouts, where governments would use public funds to recapitalize failed institutions.

๐“๐ก๐ž ๐ฌ๐œ๐š๐ซ๐œ๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ข๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐„๐Œ๐ƒ๐„๐ฌ that can be bailed in leaves policymakers with fewer options and puts uninsured depositors at risk, which is unpopular and disruptive. The ultimate objective is to shield public funds from bailing out failed financial institutions, imposing losses on private sector creditors, in a manner that protects lower-income households and small firms. This requires a well-funded deposit insurance scheme that can quickly protect small depositors and support the orderly resolution of failing banks. While such schemes are becoming more common in EMDEs, they are still far from universal.

Liquidity pressures typically intensify during sovereign debt distress, so a fully operational ๐„๐ฆ๐ž๐ซ๐ ๐ž๐ง๐œ๐ฒ ๐‹๐ข๐ช๐ฎ๐ข๐๐ข๐ญ๐ฒ ๐€๐ฌ๐ฌ๐ข๐ฌ๐ญ๐š๐ง๐œ๐ž (๐„๐‹๐€) ๐Ÿ๐ซ๐š๐ฆ๐ž๐ฐ๐จ๐ซ๐ค is essential to prevent sudden, contagious bank runs. Standard ELA policies, such as collateralized lending at penalty rates and only to banks that are solvent but temporarily illiquid, continue to hold, but conglomerate crises present unique challenges. For example, demand for scarce FX liquidity may surge and may be impossible to meet in an environment of capital flight and depleted foreign exchange reserves.

Conglomerate crises challenge multiple government agencies due to their interconnected nature. ๐€ ๐ก๐จ๐ฅ๐ข๐ฌ๐ญ๐ข๐œ ๐š๐ฉ๐ฉ๐ซ๐จ๐š๐œ๐ก ๐š๐ง๐ ๐ฌ๐ญ๐ซ๐จ๐ง๐  ๐œ๐จ๐จ๐ซ๐๐ข๐ง๐š๐ญ๐ข๐จ๐ง between fiscal, monetary, and financial sector policies is crucial. This requires clear interagency coordination arrangements that define decision-making roles in line with each authorityโ€™s legal mandate, ensuring a timely and coordinated policy response. These agencies are primarily the central bank, ministry of finance, deposit insurance and financial supervisory agencies.

The World Bank Group has partnered with countries around the world, including Ghana, Lebanon, and Sri Lanka, to confront challenges during conglomerate crises, and help them ๐ฉ๐ซ๐ž๐ฉ๐š๐ซ๐ž ๐ซ๐จ๐›๐ฎ๐ฌ๐ญ ๐Ÿ๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐ฌ๐š๐Ÿ๐ž๐ญ๐ฒ ๐ง๐ž๐ญ๐ฌ that can effectively address the risks associated with conglomerate crises. This includes facilitating the development of comprehensive frameworks for prudential supervision, emergency liquidity assistance, and modern bank resolution and deposit insurance regimes.

By offering technical expertise, resources, and strategic guidance, the World Bank Group empowers EMDEs to implement proactive reforms that enhance financial sector stability and resilience, while developing domestic financial markets. The World Bank Group's commitment to fostering financial stability underscores its dedication to supporting countries in building sustainable and inclusive economies.

โœ๏ธ ๐˜‰๐˜บ ๐˜”๐˜ช๐˜ฒ๐˜ถ๐˜ฆ๐˜ญ ๐˜‹๐˜ช๐˜ซ๐˜ฌ๐˜ฎ๐˜ข๐˜ฏ, ๐˜“๐˜ฆ๐˜ข๐˜ฅ ๐˜๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜š๐˜ฆ๐˜ค๐˜ต๐˜ฐ๐˜ณ ๐˜š๐˜ฑ๐˜ฆ๐˜ค๐˜ช๐˜ข๐˜ญ๐˜ช๐˜ด๐˜ต; ๐˜™๐˜ข๐˜ง๐˜ฆ๐˜ญ ๐˜”๐˜ฐ๐˜บร , ๐˜—๐˜ฐ๐˜ณ๐˜ค๐˜ฆ๐˜ญ ๐˜š๐˜ฆ๐˜ฏ๐˜ช๐˜ฐ๐˜ณ ๐˜๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜š๐˜ฆ๐˜ค๐˜ต๐˜ฐ๐˜ณ ๐˜š๐˜ฑ๐˜ฆ๐˜ค๐˜ช๐˜ข๐˜ญ๐˜ช๐˜ด๐˜ต; ๐˜ข๐˜ฏ๐˜ฅ ๐˜Šรฉ๐˜ฅ๐˜ณ๐˜ช๐˜ค ๐˜”๐˜ฐ๐˜ถ๐˜ด๐˜ด๐˜ฆ๐˜ต, ๐˜“๐˜ฆ๐˜ข๐˜ฅ ๐˜๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜š๐˜ฆ๐˜ค๐˜ต๐˜ฐ๐˜ณ ๐˜š๐˜ฑ๐˜ฆ๐˜ค๐˜ช๐˜ข๐˜ญ๐˜ช๐˜ด๐˜ต - ๐˜ž๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜‰๐˜ข๐˜ฏ๐˜ฌ

12/29/2025

In Uzbekistan๐Ÿ‡บ๐Ÿ‡ฟ, bold reforms are transforming daily life. With support from IDA - World Bank Group, the country is modernizing infrastructure and improving services for families, schools, and clinics. Watch this video to learn how we're building a more inclusive and resilient future. http://wrld.bg/aIyk50XLcwq

๐Ÿ‘‰ Countries that align protection priorities with incremental species benefits can achieve far greater biodiversity outc...
12/28/2025

๐Ÿ‘‰ Countries that align protection priorities with incremental species benefits can achieve far greater biodiversity outcomes than those pursuing area targets alone. Global efforts should prioritize speciesโ€‘focused planning, costโ€‘effective expansion, and equitable financing that reflects differentiated capacities, ensuring no country is left behind.

Biodiversity loss is accelerating, threatening food, water, climate stability, and global prosperity. One million species face extinction without...

12/28/2025

๐Ÿ—จ๏ธ ๐“๐”๐‘๐๐ˆ๐๐† ๐’๐“๐€๐๐ƒ๐€๐‘๐ƒ๐’ ๐ˆ๐๐“๐Ž ๐€ ๐’๐๐‘๐ˆ๐๐†๐๐Ž๐€๐‘๐ƒ ๐…๐Ž๐‘ ๐๐‘๐Ž๐’๐๐„๐‘๐ˆ๐“๐˜

The world runs on silent agreements. When they work, they go unnoticed: the socket that fits the plug, the kilogram that weighs a kilogram in Nairobi, Kenya, as surely as in Nagpur, India, the barcode that rings up a carton of milk or registers a container at sea. Standards, the shared rules that ensure consistency, compatibility, and quality, are not mere technicalities. They are part of the invisible infrastructure of modern economies, as vital to prosperity as roads, ports or power grids. Treat them as a springboard and they propel development. Make them into a straitjacket and they will stifle it.

Our new ๐˜ž๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜‹๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜™๐˜ฆ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต 2025: ๐˜š๐˜ต๐˜ข๐˜ฏ๐˜ฅ๐˜ข๐˜ณ๐˜ฅ๐˜ด ๐˜ง๐˜ฐ๐˜ณ ๐˜‹๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต is the first comprehensive analysis of todayโ€™s global standards landscape. It asks, ๐ก๐จ๐ฐ ๐œ๐š๐ง ๐ฌ๐ญ๐š๐ง๐๐š๐ซ๐๐ฌ ๐›๐ž ๐ก๐š๐ซ๐ง๐ž๐ฌ๐ฌ๐ž๐ ๐ญ๐จ ๐š๐œ๐œ๐ž๐ฅ๐ž๐ซ๐š๐ญ๐ž ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ข๐œ ๐๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ? The report provides a practical policy framework for countries at all stages of development. And its lessons could not be more timely. Technological and geopolitical shifts are making standard-setting increasingly urgent. Artificial intelligence (AI), synthetic biology, and other fast-moving innovations are racing ahead of the worldโ€™s rule-making capacity. The result is a dangerous paradox: a cornucopia of standards for relatively inconsequential products, like packaged potato chips, and glaring gaps for transformative, high-stakes technologies like biotechnology and AI.

๐’๐ญ๐š๐ง๐๐š๐ซ๐๐ฌ ๐ก๐š๐ฏ๐ž ๐ฉ๐ซ๐จ๐ฅ๐ข๐Ÿ๐ž๐ซ๐š๐ญ๐ž๐ ๐ข๐ง ๐ซ๐ž๐œ๐ž๐ง๐ญ ๐๐ž๐œ๐š๐๐ž๐ฌ. Most international standards have been created since the turn of the century and non-tariff measuresโ€”often related to standardsโ€”now cover nearly all global trade. This increase reflects the complexity of supply chains, the digitization of commerce, and rising demand for safety and quality in high-income countries. Complying with standards, and shaping them, is now a prerequisite for export growth, technology diffusion, and resilient public services.

Yet developing countries are often absent from the ๐ฉ๐ซ๐จ๐œ๐ž๐ฌ๐ฌ ๐จ๐Ÿ ๐œ๐ซ๐ž๐š๐ญ๐ข๐ง๐  ๐ฌ๐ญ๐š๐ง๐๐š๐ซ๐๐ฌ. On average, they sit on less than one-third of the technical committees that set global standards at the International Organization for Standardization and even fewer are in bodies that are not inter-governmental. This absence amounts to acquiescing to the priorities of advanced economies. When lower-income countries do not participate, they relinquish vital opportunities to advance their own priorities and lose crucial avenues to speed up job creation and economic growth.

Voluntary standards, mostly industry-led, can spread good practices in flexible ways. Mandatory standards, embedded in government regulations, can protect health, safety, and the environment. ๐๐ฅ๐ž๐ง๐๐ข๐ง๐  ๐ฆ๐š๐ง๐๐š๐ญ๐จ๐ซ๐ฒ ๐š๐ง๐ ๐ฏ๐จ๐ฅ๐ฎ๐ง๐ญ๐š๐ซ๐ฒ ๐ฌ๐ญ๐š๐ง๐๐š๐ซ๐๐ฌโ€”and tiering them by the capacity to comply by riskโ€”can maximize efficiency while safeguarding the public interest. Tiered standards can also widen participation: small firms can start at a basic tier and climb upward, rather than face a compliance cliff that only dominant incumbents can scale.

To turn standards into a springboard, governments of developing countries must resist the urge to overregulate and instead focus on ๐›๐ฎ๐ข๐ฅ๐๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฎ๐ง๐๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐ก๐š๐ญ ๐ž๐ง๐š๐›๐ฅ๐ž ๐ก๐ข๐ ๐ก๐ž๐ซ ๐ช๐ฎ๐š๐ฅ๐ข๐ญ๐ฒ. This includes improving their โ€œquality infrastructure,โ€ which comprises metrology (the existence of reliable and internationally aligned measurements), conformity assessment (testing, inspection, and certification), accreditation (โ€œchecking those who checkโ€), and standardization itself. When this system works well, businesses and consumers need not worry about everyday routines. Firms can concentrate instead on demonstrating quality at a reasonable cost. Consumers can trust what they buy. Regulators can focus on outcomes.

Avoiding the straitjacket requires ๐ฆ๐š๐ญ๐œ๐ก๐ข๐ง๐  ๐š๐ฆ๐›๐ข๐ญ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐œ๐š๐ฉ๐š๐œ๐ข๐ญ๐ฒ. Regulators might be tempted, for instance, to copy the most stringent international pollution standards to signal seriousness. But standards that exceed a countryโ€™s capacity to comply are a recipe for uneven enforcement, rampant corruption, and market concentration. Where capacity is strong, governments should raise their ambition and align with global norms. Where it is weak, they should adapt standards to local realities while instituting mechanisms to build capacity over time.

Countriesโ€”and sectors within themโ€”should chart a realistic trajectory for standard-setting that matches their stage of development. Our report proposes a progressive framework to do this: ๐š๐๐š๐ฉ๐ญ, ๐š๐ฅ๐ข๐ ๐ง, ๐š๐ฎ๐ญ๐ก๐จ๐ซ. For countries at an early stage of development, where compliance capacity is typically low, the smartest course is to adapt international standards to domestic conditions. At more advanced stages, countries should aim to align their markets with international standards. And at every stage, countries should author international standards in priority areas where they have built expertise. That means showing up in committees, commenting on drafts, and convening domestic stakeholders so learning flows in both directions.

At the same time, higher-income countries and international bodies should create seats at the standard-setting table for low-income countriesโ€”and provide the support they need to succeed. They should cut duplication in the notorious โ€œspaghetti bowlโ€ of overlapping voluntary standards and cooperate internationally to minimize divergence, especially where public interests are shared and the costs of fragmentation are high. In frontier technologies, leading economies should press their top firms to set baseline standards and stress-test them with diverse stakeholders before markets harden around proprietary defaults.

This is vital because ๐ฌ๐ญ๐š๐ง๐๐š๐ซ๐๐ฌ ๐š๐ซ๐ž ๐ก๐จ๐ฐ ๐ฌ๐จ๐œ๐ข๐ž๐ญ๐ข๐ž๐ฌ ๐ฆ๐š๐ค๐ž ๐ญ๐ก๐ž ๐ฎ๐ง๐ฌ๐ž๐ž๐ง ๐จ๐›๐ฏ๐ข๐จ๐ฎ๐ฌ ๐š๐ง๐ ๐ ๐จ๐ฏ๐ž๐ซ๐ง๐š๐›๐ฅ๐ž. Standards reduce transaction costs, diffuse know-how, and enable scale. In low-trust environments, they substitute for reputation; in high-tech ones, they are the only way complex systems interoperate safely. Done well, standards lower entry barriers, expand opportunity, and protect the vulnerable. Done badly, they entrench incumbents and stymie progress.

Developing countries are in a race against time. Several middle-income countries have set their sights on becoming high-income within a generation. To succeed, they must run a relay. Standards are the baton, passed from lab to factory to regulator to border and back again through feedback and learning. When standards are designed and implemented effectively, the whole team runs faster.

โœ๏ธ ๐˜‰๐˜บ ๐˜๐˜ฏ๐˜ฅ๐˜ฆ๐˜ณ๐˜ฎ๐˜ช๐˜ต ๐˜Ž๐˜ช๐˜ญ๐˜ญ, ๐˜Š๐˜ฉ๐˜ช๐˜ฆ๐˜ง ๐˜Œ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ด๐˜ต ๐˜ฐ๐˜ง ๐˜ต๐˜ฉ๐˜ฆ ๐˜ž๐˜ฐ๐˜ณ๐˜ญ๐˜ฅ ๐˜‰๐˜ข๐˜ฏ๐˜ฌ ๐˜Ž๐˜ณ๐˜ฐ๐˜ถ๐˜ฑ ๐˜ข๐˜ฏ๐˜ฅ ๐˜š๐˜ฆ๐˜ฏ๐˜ช๐˜ฐ๐˜ณ ๐˜๐˜ช๐˜ค๐˜ฆ ๐˜—๐˜ณ๐˜ฆ๐˜ด๐˜ช๐˜ฅ๐˜ฆ๐˜ฏ๐˜ต ๐˜ง๐˜ฐ๐˜ณ ๐˜‹๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜Œ๐˜ค๐˜ฐ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ค๐˜ด

12/28/2025

โ†—๏ธ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐š๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐ข๐š๐ฅ ๐ข๐ง๐ญ๐ž๐ฅ๐ฅ๐ข๐ ๐ž๐ง๐œ๐ž are growing rapidly, but access to skills is not. GenAI vacancies rose 9ร— in three years, highlighting a widening global competency gap. Investing in training is essential. Download the Digital Progress and Trends Report: http://wrld.bg/zNGO50XBCuh

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