World Development Report 2023

• 26 Apr 2023

On April 25, 2023, the World Bank released its World Development Report 2023.

• The report focuses on the theme of “Migrants, Refugees, and Societies.”
• The report analyzes international migration and its potential to serve as a force for growth and shared prosperity in all countries.
• The report highlights the rapidly changing demographics around the world, which are making migration increasingly necessary for countries at all income levels.
• There are currently 184 million people across the world who lack citizenship in the country in which they live, including 37 million refugees.
• The report presents a framework to guide policy-making based on how well migrants' skills and related attributes match the needs of destination countries and on the motive for their movement.
• The report identifies several policies that are needed to maximize gains for all parties involved in migration, including managing migration for development in origin countries, managing migration more strategically in destination countries, and fostering international cooperation.