The “World Development Report 2021: Data for Better Lives” was released by the World Bank. The World Development Report focuses on how data can improve the lives of poor people and advance development objectives, to ensure no one is left behind. It highlights the tremendous potential of the changing data landscape to improve the lives of poor people, at the same time acknowledging its potential to open back doors that can harm individuals, businesses, and societies.
Through this report, World Bank aims to support its client countries by identifying where public and private sector investments are the most critical, defining a rich program for policy reform and technical assistance, and highlighting areas in which global initiatives can help to convene and facilitate cross-border cooperation.
Important takeaways for all competitive exams:
- World Bank Headquarters: Washington, D.C., United States.
- World Bank Formation: July 1944.
- World Bank President: David Malpass.