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World Development Report 2021--Data for Better Lives

Published on March 28, 2021
Current Context: The World Bank released a report titled ‘World Development Report 2021:Data for Better Lives’.
World Development Report 2021--Data for Better Lives
  • The report is a blueprint which describes that how to make use of power and solutions to improve the lives of poor people and advance development objectives, by ensuring that no one is left behind.
  • The report highlights various ways to improve the lives of people.
  • The report describes the Social Contract for Data in order to get more value out of data while protecting people against harm and ensuring access and representation. It also mentions that different data-creating and data-using parties should collaborate to attain the objective of the report.
  • It mentions that Value, Equity and Trust are the three elements of a social contract for data.
  • The report supports the nations to identify where the public and private sector investments are the most critical.
  • It highlights defining rich welfare programs to have policy reforms and mentions the sectors in which initiatives can be held to facilitate cross-border cooperation.
  • Static Part: 
    • HQ of World Bank: Washington, D.C., United States
    • President of World Bank: David Malpass

Question: 

Q.1 Which organisation released the report titled as ‘as ‘World Development Report 2021: Data for Better Lives’?
a. World Trade Organisation
b. World Bank
c. International Monetary Fund
d. Organisation for Economic Co-operation and Development
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