Tier IV presents the Bank's organizational effectiveness and modernization. Economic disruptions are likely to be more severe and protracted in emerging market and developing economies with larger domestic outbreaks and weaker medical care systems; greater exposure to international spillovers through trade, tourism, and commodity and financial markets; weaker macroeconomic frameworks; and more pervasive informality and poverty. Open Knowledge Repository content related to COVID-19 / coronavirus can be found, The World Bank Annual Report 2020 : Supporting Countries in Unprecedented Times, 01. Official estimates suggest non-oil real GDP growth slowed to 0.3% in Q2 2019. Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. The report highlights the need for banks to evolve into platform-based models and transform their core to stay competitive. September 29, 2020 Posted by China Briefing Reading Time: 2 minutes. The World Bank Annual Report 2020 : Supporting Countries in Unprecedented Times. Mitigation measures have significantly reduced transport, causing an unprecedented decline in demand for oil, while weaker economic growth will further reduce overall commodity demand. Second, what are the characteristics of reformist governments? The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. To learn more about cookies, click here. Published . Doing Business also measures regulation on employing workers and contracting with the government, which are not included in the ease of doing business score and ranking. JavaScript is disabled for your browser. The Documents & Reports (D&R) site is an official disclosure mechanism for the World Bank Group’s final reports. Why were many economies in the region able to contain the disease while some others ... COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. The slowdown in real estate continues due to oversupply and associated debt overhang — average residential prices fell in Q4 2019 by 7-7.5% y/o/y in Dubai and Abu Dhabi. for key findings discussion on #WRBR20: RT @DwivedySusovan: Less than 20 mins to go! The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The COVID-19 pandemic has, with alarming speed, dealt a heavy blow to an already-weak global economy, which is expected to slide into its deepest recession since the second world war, despite unprecedented policy support. The World Bank Group works in every major area of development. The World Retail Banking Report 2020 from Capgemini and Efma explores how retail banks are facing pressure to transform, as new entrants focused on customer experience gain significant market traction while the current pandemic environment drives consumers to digitally interact more with their banks. The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the by-laws of the two institutions. It documents new evidence on trends over time in the HCI, examples of success, and new analytical work on utilization of human capital, as well as a primer on the COVID-19 (coronavirus) pandemic and its potential impact on human capital. Ten of these areas—starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency—are included in the ease of doing business score and ease of doing business ranking. First, when do governments change regulation with a view to developing their private sector? Is there a tension between containing the disease and providing relief today and promoting recovery and growth tomorrow? This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. for key findings discussion on #WRBR20: RT @DwivedySusovan: All set for #WRBR20 key findings with @ghanem_elias, @VincentFokke of @Capgemini_Bnkg and @donginsel of @HollandFinTec…, All set for #WRBR20 key findings with @ghanem_elias, @VincentFokke of @Capgemini_Bnkg and @donginsel of…. This site uses cookies to optimize functionality and give you the best possible experience. And conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. Growth in 2020 is subject to major uncertainty due to the COVID-19 pandemic and low oil prices. Answering these questions adds to our knowledge of development. And conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the by-laws of the two institutions. Doing Business 2020, a World Bank Group flagship publication, is the 17th in a series of annual studies measuring the regulations that enhance business activity and those that constrain it. Learn how platform-based models can power banks forward, find out how a progressive core banking transformation approach can enable a sustainable platform and more, hear about Nordea’s core banking transformation journey, and see how Capgemini can help bankers undergo the necessary transformation. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors. Statement on irregularities in data in the Doing Business 2018 and 2020 reports. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. While economic reasons are the main drivers of reform, the advancement of neighboring economies provides an additional impetus for regulatory change. Statement on irregularities in data in the Doing Business 2018 and 2020 reports. World Bank Group (2020-04-23) Almost all commodity prices saw sharp declines during the past three months as the COVID-19 pandemic worsened. To meet these agile new entrants head on, banks need to urgently embrace Open X. New technologies could draw production closer to the consumer and reduce the demand for labor. World Retail Banking Report 2020: Evolving into platform-based models and transforming the core to power banks forward. The repository contains official documents and reports which are made available to the public in accordance with the Bank’s Access to Information Policy to better share the institution's knowledge base. It concludes that technological change is, at this stage, more a boon than a curse. Data and excel files related to the World Development Report 2020 Background Papers Trading for Development in the Age of Global Value Chains This site uses cookies to optimize functionality and give you the best possible experience. Doing Business covers 12 areas of business regulation. Spanish PDF 10.70MB. To drive top-line growth and improve the bottom line, banks need to create, cultivate, and monetize network effects by building, buying, or sharing platform capabilities. Beyond the current steep economic contraction, the pandemic is likely to leave lasting scars on the global economy by undermining consumer and investor confidence, human capital, and global value chains. COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. Meanwhile, serious threats have emerged to the model of trade-led growth. The World Retail Banking Report 2020 from Capgemini and Efma explores how retail banks are facing pressure to transform, as new entrants focused on customer experience gain significant market traction while the current pandemic environment drives consumers to digitally interact more with their banks. Global data and statistics, research and publications, and topics in poverty and development, Environmental and Social Policies for Projects. The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. Additional information on activities and outcomes is available in the annexes. Feedback has been successfully submitted. Showing items related by title, author, creator and subject. World Bank Group (2020-04-23) Almost all commodity prices saw sharp declines during the past three months as the COVID-19 pandemic worsened. By documenting changes in regulation in 12 areas of business activity in 190 economies, Doing Business analyzes regulation that encourages efficiency and supports freedom to do business. The global recession would be deeper if countries take longer to bring the pandemic under control, if financial stress triggers defaults, or if there are protracted effects on households and ... World Bank East Asia and Pacific Economic Update, October 2020 : From Containment to Recovery. COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures, and reverberations from the global recession. © document.write(currentYear);The World Bank Group, All Rights Reserved. Twenty-six economies became less business-friendly, introducing 31 regulatory changes that stifle efficiency and quality of regulation. The World Bank Annual Report 2020 : Supporting Countries in Unprecedented Times World Bank (2020-10-01) The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. Read our statement. The World Development Report (WDR) 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade.