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  • World Bank Group  (261)
  • Etang Ndip, Alvin  (6)
  • Andersen, Hans Christian
  • Edward Elgar Publishing
  • Poverty Reduction  (171)
  • Climate Change
  • 1
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Climate Change ; Environment ; Food Security ; Fragile Recovery ; Pollitical Challenges ; Water Resources ; Water Security
    Abstract: Somalia has remained on a strong economic reform path despite the various global and exogenous shocks that have continued to buffet the economy. Recurrent climate-related shocks, such as cycles of droughts, floods, locusts' infestation, higher international commodity prices, as well as increased insecurity and conflict, have interrupted the country's growth trajectory. However, this has not deterred the country's commitment to continue advancing reforms to strengthen key economic institutions and promote macroeconomic stability and recovery. As a result, Somalia has continued to make progress toward meeting the conditions for achieving the heavily indebted poor country (HIPC) completion point in December 2023. Within the framework of resilience, the eighth edition of the World Bank's Somalia economic update series provides an in-depth analysis of recent economic developments and growth outlook and makes a case for integrating climate change with Somalia's growth agenda. This report highlights macroeconomic policies and reforms that promote inclusive growth and institutional building including enhancing fiscal space for development priorities while strengthening expenditure controls; strengthening financial integrity; integrating Somalia into the global financial system; and improving debt management
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  • 2
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Debt Indicators ; Developing Countries ; Fiscal Indicators ; GDP ; Gender and Health ; Gender and Law ; Gender and Social Policy ; International Law ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Indicators ; Poverty Reduction ; SDG 1
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the South Asia region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 3
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Economic Growth ; Environment ; Inflation ; Macroeconomic Analysis of Economic Development ; Macroeconomics and Economic Growth ; No Poverty ; Poverty and Climate Change ; Poverty Diagnostics ; Poverty Measurement ; Poverty Reduction ; SDG ; Sustainanble Development Goals
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North Africa region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Climate Change Impacts ; Employment Growth ; Fiscal Consolidation ; Inflation ; Macroeconomics and Economic Growth ; Poverty Reduction ; Western Balkans
    Abstract: Economic growth in the Western Balkans slowed to 2.6 percent in 2023, from the 3.4 percent reached in 2022, reflecting the impact of a weak European economy weighed down by sequential shocks. Overall, the WB6 region has experienced a rise in total hours worked driven by employment growth and labor force expansion, especially driven by women joining the labor force. Poverty in the Western Balkans returned to its declining trend during 2023, but at a slower pace than pre-pandemic. A robust fiscal performance and solid rate of gross domestic product (GDP) growth led to a fall in debt as a share of GDP. After increasing to levels not seen in several decades, inflation rates in the WB6 fell significantly during 2023. Growth projections for the medium term have increased slightly, reflecting cautious optimism that, having weathered a flurry of shocks over recent years, the Western Balkans is beginning to see a return to trend economic performance. However, while the WB6 region is expected to return on its pre-pandemic trend in 2024, this is insufficient to enable meaningful convergence with European Union (EU) income levels over the medium term. The spotlight in this edition of the Western Balkans Regular Economic Report focuses on the role of cities as engines of growth and leading actor in the green transition. This spotlight recommends action on three main fronts to make cities in the Western Balkans greener. First, it is crucial to reduce urban sprawl and make cities more compact. Second, cities must bring down their emissions, also because this will have immediate improvement on socio-economic and environmental outcomes. And third, cities must take actions to reduce extreme urban heat and enhance preparedness for it
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  • 5
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Adaptation to Climate Change ; Economic Development ; Gross Domestic Product ; Macroeconomics ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Diagnostics ; Poverty Measurement ; Poverty Reduction ; Poverty, Environment and Development ; Public Sector Development ; SDG ; Suatainable Development Goals
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North Africa region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 6
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Capital Markets and Capital Flows ; Climate Change ; Environment ; Environment and Natural Resource Management ; Rural Development ; Urban Development
    Abstract: This study's aim was to assess the growing flood risk Sao Tome and Principe (STP) faces due to climate change. It achieved this by carrying out a nationwide risk assessment for riverine and coastal flooding. The study used recently completed high-resolution national flood hazard data for the present climate (2020) and two projected climates (in 2050 and 2080), based on the climate scenario Shared Socioeconomic Pathways (SSP)3-7.0, a medium to high reference scenario resulting from no additional climate policy under the SSP3 socioeconomic development narrative. This flood risk assessment examines the potential impacts and risks to people, buildings, healthcare facilities, the education sector, and tourism under both present and future climate conditions. It shows that flood risk is driven frequent flood events. There is a significant increase of flood risk under future climate conditions
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Keywords: CHVA ; Climate Change ; Climate Change Adaptation ; Environment ; Finance and Development ; Health Risks ; Health, Nutrition and Population ; Vulnerability
    Abstract: Due to global warming, the climate in most regions, especially Africa, is predicted to become more variable, and extreme weather events are expected to be more frequent and severe. These include increasing risks of droughts, flooding, and inundation due to sea-level rise in the continent's coastal areas, potentially reducing economic prospects and national development. It will be imperative for countries to mitigate and adapt to these changing climatic conditions. To succeed, the potential impacts of climate change and variability must be identified along with the country's capacity to adapt and the means to overcome barriers to successful adaptation. This climate and health vulnerability assessment (CHVA) aims to assist decision-makers in Ghana with planning effective adaptation measures to deal with climate-related health risks. The report identifies the impact of climate risks on health and health systems, the adaptive capacities in place to deal with these risks, and the gaps in the adaptive capacities. It also provides recommendations to close the identified gaps. The report adopts the World Health Organization's (WHO) operational framework for building climate-resilient health systems to analyze Ghana's adaptive capacity to adequately deal with current and future identified health risks of climate change
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  • 8
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation to Climate Change ; Climate Change ; Economic Growth and Planning ; Environment ; Environment and Natural Resource Management ; Finance and Development ; Finance and Financial Sector Development ; Poverty Reduction
    Abstract: Pakistan is at a critical decision point. While there have been recent important examples of reform progress, economic policies over past years and decades have had overall negative impacts on sustainability, productivity, and investment. As Pakistan has fallen behind its peers, progress with poverty reduction has ceased. Human development outcomes remain dire, while the benefits of growth have accrued disproportionately to a narrow elite. Amid continued rapid population growth and a youth bulge, a growing number of young Pakistanis are frustrated by the lack of opportunities, with prospects for young women especially bleak. Pakistan is among the countries most impacted by climate change, and recent events, including the 2022 floods, have highlighted the urgent need for investment in climate resilience. The economy is now, again, sustained by a short-term International Monetary Fund (IMF) program, inflation is at record highs, the rupee has depreciated sharply, while foreign exchange reserves remain at uncomfortably low levels. Recent policy measures (including the restoration of exchange rate flexibility, subsidy reforms, and movements towards fiscal constraint) have supported economic stabilization, but the underpinning drivers of Pakistan's economic fragility remain to be addressed. This note presents critical policy shifts required to move beyond the current low equilibrium towards sustainable and inclusive economic development and poverty reduction. This note summarizes the accompanying series of policy notes. It: (i) outlines Pakistan's current development challenge; (ii) identifies the critical constraints to faster development progress; (iii) describes the major policy shifts that will be required to address current constraints; and (iv) presents broad principles to guide implementation of required reforms
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Education ; Education For All ; Employment ; Employment and Unemployment ; Human Capital ; Poverty ; Poverty Reduction ; Skills Development and Labor Force Training ; Social Protections and Labor ; UMI Countries
    Abstract: This Human Capital Review aims to provide analytical foundations in the support of policies that improve human capital outcomes for the following four UMI countries in Central America: Costa Rica, Guatemala, Panama, and the Dominican Republic. The objective of this report is to identify the key constraints to human capital growth and understand how education and labor market policies can foster a resilient recovery, promote inclusive growth, and contribute to poverty reduction in these countries. The review also estimates the impact of the COVID-19 pandemic on human capital outcomes using a multi-sectoral approach. The analysis compares human capital outcomes in the decade before the COVID-19 pandemic (2010-2019) against trends during the pandemic (2020-2021). Lastly, the report focuses on these four countries, which are the only UMI in Central America to take advantage of new data collected during the pandemic, which allowed to quantify some of the impacts of COVID-19 and understand some of their long-term implications for human development outcomes
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  • 10
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation To Climate Change ; Climate Change ; Development Economics and Aid Effectiveness ; Environment ; IDA19 ; Macroeconomics and Economic Growth ; Rating System ; Resilience ; RRS
    Abstract: In response to the growing recognition that measuring inputs, such as climate finance, is not enough to capture the impacts of investments, the World Bank Group developed the Resilience Rating System (RRS). Developed over a two-year, multi-sectoral consultative process through close collaboration with internal and external actors, the RRS methodology aims to guide investment decisions and improve climate resilience in project design and outcomes. The methodology report is publicly available. The RRS evaluates and rates investment projects from C to A+, based on their resilience attributes in two complementary dimensions. The resilience of rating considers a project's design, reflecting the confidence that it will achieve its expected objectives and maximize development benefits in the face of climate and disaster risks. The resilience through rating considers a project's outcomes and reflects its contribution to improving climate resilience in the broader community, sector and systems, and to driving transformational adaptation. Combining the two dimension ratings provides an overall project rating, from CC to A+A+
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  • 11
    Language: English
    Pages: 1 Online-Ressource (172 pages)
    Series Statement: Climate Change and Development
    Parallel Title: Erscheint auch als
    Keywords: Climate Change ; Digital Tools ; E-Commerce ; Green Digital Transformation ; Green Gas ; Low Emissions
    Abstract: Climate change is unfolding amid the greatest information and communication revolution in human history. From e-commerce and social media to smart manufacturing and precision farming, digital technologies have become prevalent in all aspects of economic and social life. Digital technologies also have the potential to shape climate change action. Green digital transformation can help countries adapt effectively to the impacts of climate change and create greener growth pathways. Doing this means combining a focus on digital transformation and inclusion with a strategic and sustainable use of digital technologies to address climate change. Green Digital Transformation: How to Sustainably Close the Digital Divide and Harness Digital Tools for Climate Action illuminates the channels through which digital technologies intersect with climate change, and it proposes a path to low-emissions applications of digital technologies to help countries mitigate and adapt to climate change
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  • 12
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Data Development and Gender ; Economic Growth ; Employment and Unemployment ; Human Development and Gender ; Labor Market Policy and Programs ; Macroeconomics and Economic Growth ; Poverty Reduction ; Social Development and Poverty ; Social Protection Delivery Systems ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: The following analytical report summarizes the technical notes and presentations prepared by the World Bank and the Workforce Development Center under the Ministry of Labor and Social Protection of Population of Kazakhstan (MLSPP). These works aimed to support the MLSPP in the preparation of the Concept Plan of Labor Market Development for 2024-2029. The teams analyzed existing barriers and the potential for the creation of quality jobs in Kazakhstan because employment is essential for economic growth, which contributes to reducing poverty. Despite slower economic growth and some institutional challenges, Kazakhstan, nevertheless, has been successful at reducing the poverty rate. The major factor contributing to Kazakhstan's growth has been productivity, regardless of the period. A much lower contribution stems from labor market factors and employment rates. Therefore, the teams focused on how to boost firm productivity to increase the number and accessibility of better jobs, as well as how to develop skills and provide good education to the different groups of the population and prepare people for new and old jobs. Based on the material delivered by the World Bank, the WDC and other local expert groups, the MLSPP was able to draft the Concept Plan of Labor Market Development for 2024-2029, which the Government of Kazakhstan approved on November 28, 2023
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  • 13
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation To Climate Change ; Climate Change Adaptation ; Economic Growth ; Environment ; Finance ; Inlcusive Growth ; Macroeconomics and Economic Growth ; Poverty Reduction ; Resilience
    Abstract: This Country Climate and Development Report (CCDR) examines Liberia's development trajectory through the lens of the country's vulnerability to climate change. It identifies Liberia's development risks and opportunities, models various scenarios of climate impact and intervention, and proposes ways to strengthen resilience and finance climate actions that support Liberia's development aspirations of inclusive growth and poverty reduction
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Carbon Market ; Climate Change ; Digital Divide ; Environment ; Environment and Natural Resource Management ; ICT Applications ; Information Technology ; Private Sector Development ; Public Expenditure Management ; Public Sector Development
    Abstract: Enterprises in Kenya encompass a diverse and dynamic landscape, representing a crucial driver of economic growth and employment opportunities in the country. Small and medium-sized enterprises (SMEs) play a pivotal role, contributing significantly to the nation's gross domestic product (GDP) and accounting for 90 percent of the labor force. Enterprises must scale their climate action to meet Kenya's climate mitigation and adaptation goals. However, the lack of funding has limited their contribution to the climate agenda. Debt constitutes most of enterprises' funding, but the price of debt remains very high and loan tenors are short. The availability of patient capital, including private equity, is also low. Carbon markets can be an important vehicle to support an enterprise's climate action. Crucially, carbon markets function as a source of non-debt, results-based financing that does not require prior assets or collateral, potentially enabling enterprises in Kenya that struggle to access other sources of climate finance to grow. Despite this potential and the government of Kenya's commitment to scale carbon markets, Kenya's participation in international carbon markets remains concentrated, with most credits issued by a handful of developers. Many enterprises also have limited understanding on how they should develop and monetize carbon credits. The purpose of this guidebook is therefore to provide practical step-by-step guidance to help enterprises navigate the complex and fast-evolving landscape of carbon markets
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  • 15
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation to Climate Change ; Climate Change ; Climate Change Impacts ; Economic Policy ; Environment ; Environment and Natural Resource Management ; Finance and Financial Sector Development ; Green Growth
    Abstract: There is growing awareness globally about the potential impacts of climate change on financial stability. Climate-related financial risks can be broadly grouped into two categories: (i) climate physical risks, which are financial risks stemming from the gradual and abrupt impacts of climate change (primarily droughts and floods in the case of Morocco, as highlighted by the ongoing severe drought event and recent floods), and (ii) climate transition risks, which are financial risks that can result from the transition to a low-carbon economy, for example, due to changes in climate policy, technology, or market sentiment. The purpose of this report is to better understand the impact of these climate risks on Morocco's banking sector. This includes understanding the banking sector's exposure to sectors and regions that are vulnerable to climate physical and transition risks, as well as a quantification of climate impacts on banks' balance sheets under different scenarios. This report also takes stock of the Moroccan banking sector's current risk management practices and the supervisory response to climate-related financial risks
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  • 16
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Climate Change ; Economic Development ; Economic Growth ; Environment ; Health, Nutrition and Population ; Macroeconomics ; Macroeconomics and Economic Growth ; No Poverty ; Poverty ; Poverty Diagnostics ; Poverty Reduction ; SDG 1
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of Sub-Saharan Africa. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 17
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Debt Indicators ; Developing Countries ; Economic Growth ; Fiscal Indicators ; GDP ; Inflation ; Living Standards ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Indicators ; Poverty Reduction ; Public Sector Development ; SDG 1
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Europe and Central Asia region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 18
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Debt Indicators ; Developing Countries ; Economic Growth ; Fiscal and Monetary Policy ; Fiscal Indicators ; GDP ; Inflation ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Indicators ; Poverty Reduction ; SDG 1
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Sub-Saharan Africa region. Macroeconomic indicators such as population, gross domestic product, and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 19
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Agribusiness ; Agricultural Knowledge and Information Systems ; Climate Change and Agriculture ; Macroeconomic Analysis of Economic Development ; Macroeconomics and Economic Growth ; Poverty ; Poverty Measurement ; Poverty Reduction
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Latin America and the Caribbean region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Agricultural Growth and Rural Development ; Agriculture ; Economic Growth ; GDP ; High Poverty Rate ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Private Sector ; Rural Development ; Rural Economy ; Slow Growth
    Abstract: This Country Economic Memorandum (CEM) argues for a significant shift in policy to enable a virtuous cycle of sustained and inclusive economic growth, outlined infive building blocks. Chapter 1 identifies policy priorities to restore the macroeconomic fundamentals for growth through fiscal reform, debt sustainability, external rebalancing, and monetary stability. The following three chapters address three core structural constraints to growth and propose key reforms to accelerate agricultural commercialization and improve rural labor markets (Chapter 2), enable the private sector to drive productivity growth (Chapter 3), and catalyze exports and foreign investment (Chapter 4). Acknowledging that implementing key growth-enhancing policies--be they macroeconomic or structural--are the result of complex political economy and governance arrangements, Chapter 5 focuses on how past Malawian successes can inform future sectoral policies, reforms, and strategies to achieve the goals outlined in the Malawi 2063
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Gender Assessment
    Keywords: Economic Opportunity for Women ; Endowment ; Gender ; Gender and Economic Policy ; Gender and Poverty ; Gender Gap ; Gender Monitoring and Evaluation ; Human Rights ; Poverty Reduction ; Women's Agency
    Abstract: Achieving inclusive growth and maximizing poverty reduction in the Dominican Republic requires closing existing gender gaps: from early childhood to working age, and further still into old age. Using a lifecycle approach, this gender Assessment attempts to uncover, better understand, and deliver some policy recommendations for the main challenges in this area, with a focus on the three main dimensions of endowments, economic opportunity, and agency
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agriculture Study
    Keywords: Agriculture ; Climate Change ; Climate Change and Agriculture ; Financing ; Green Growth ; Policy Implementation
    Abstract: This report focuses on the agri-food sector in North Macedonia and investigates the potential and necessary actions for adopting a green growth trajectory. Agri-food is a key sector in need of transformation to achieve green growth in the country. The sector has great economic importance, and it is vulnerable to climate change and other environmental risks, which will compound current sector inefficiencies, including declining competitiveness. This report aims to assess: (i) the actions needed to re-focus agricultural support priorities in a manner that reflects green growth ambitions; (ii) policy financing implications; and (iii) the availability and capacity of effective policy implementation mechanisms. Finally, the potential impacts of greening agriculture support on farm efficiency are assessed and discussed
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  • 23
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Aspiring Upper Middle-Income Goals ; Meeting Poverty Reduction Goals ; Poverty and Policy ; Poverty Assessment ; Poverty Diagnostics ; Poverty Reduction ; Poverty Reduction Strategy ; Poverty Reduction Targets ; PPP Poverty Line ; Pro-Poor Growth
    Abstract: Indonesia can build on its impressive track-record of poverty reduction to tackle more ambitious poverty reduction targets. Indonesia has made impressive gains in reducing poverty, with previously lagging regions catching up, and the Government's goal to eliminate extreme poverty by 2024 practically met. As an aspiring upper middle-income country, however, Indonesia may want to widen its focus beyond extreme poverty by moving from the USD 1.90 2011 PPP poverty line to higher lines for middle-income countries. The focus should also include economically insecure households susceptible to falling back into poverty. Is Indonesia's current effort ready for this challenge Human capital outcomes are disappointing and worrying geographic disparities remain. Low productivity still prevents households from becoming economically secure. Shocks, including from climate change, continue to threaten reversal in poverty gains. In this report the authors identify several major pathways to tackle these challenges in a comprehensive and sustainable manner
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation to Climate Change ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Resilient Economy ; Environment ; Green Products ; Macroeconomics and Economic Growth ; Net Zero GHG ; Transition
    Abstract: As Colombia navigates a complex path toward a richer and more equitable future, the country faces three critical climate transitions. First, it will need to transit from a climate-vulnerable to a more climate-resilient economy. Second, guided by its Long-Term Climate Strategy (LTS) and strong legal framework, which place it among the climate-goal leaders of the Latin America region, the country will need to navigate a transition to a net zero greenhouse gas (GHG) emissions economy in the context of its stated goal for 2050. Third, in a world that will demand increasingly less of Colombia's primary exports-oil and coal-and more green products, it will need to engineer a transition in its economic model. This Country Climate and Development Report (CCDR) explores the opportunities for, and challenges to, achieving Colombia's development goals and its ambitious climate commitments, as well as the complementarities between the two. It explores how climate change and climate action would affect the country's growth and development and, in turn, how growth and development challenges would affect the achievement of its climate ambitions. The CCDR also investigates complementarities-specifically, how climate action could help Colombia achieve its development objectives, capture opportunities, support a just and inclusive transition, and protect its economy against longer-term risks from climate change and from the world's transition toward net zero GHG emissions
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  • 25
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: r02
    Keywords: Adaptation To Climate Change ; Climate Action Engagement ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Finance ; Climate Resilient Investment ; Country Climate Analytical Work ; Environment ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Climate Action ; Renewable Energy ; World Bank Group Effectiveness
    Abstract: The private sector has a critical role to play in addressing climate change by investing in low-carbon technologies, developing new technologies, and building climate resilience into its investments and operations. Private sector financing will also be critical for meeting the needs for global finance flows, but climate finance from the private sector has been very low. One reason for this is that most countries lack a conducive enabling environment for the private sector to engage in climate action. This evaluation assesses the World Bank Group's efforts to improve the enabling environment for private sector climate action (EEPSCA). The evaluation defines the private sector enabling environment for climate action as the set of policies (laws and regulations), incentives, standards, information, and institutions that encourage or facilitate the private sector to invest or behave in ways that reduce greenhouse gas emissions or adapt to the current or anticipated impacts of climate change. The private sector includes large, medium, and small firms; domestic and international financiers; and smallholder farmers or other producers. The evaluation assesses the relevance and effectiveness of Bank Group support to EEPSCA and aims to identify lessons applicable to the World Bank and the International Finance Corporation to inform implementation of the Bank Group Climate Change Action Plan 2021 and subsequent Bank Group climate activities. The evaluation also aims to inform discussions on the evolution road map, which considers further increasing the prominence of the role the Bank Group plays on global public goods, such as climate change
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  • 26
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Climate Change ; Climate Change Policy and Regulation ; Decntralization ; Economic Growth ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth ; Public and Municipal Finance ; Public Investment ; Public Sector Development
    Abstract: The latest Taking Stock report shows that Vietnam's economic growth slowed from 8% in 2022 to 3.7% in the first half of 2023. It forecasts a moderate growth of 4.7% in 2023, gradually accelerating to 5.5% in 2024 and 6.0% in 2025. However, the economy faces external and domestic headwinds. Vietnam has ample fiscal space and a proactive fiscal policy supporting short-term demand, removing barriers to the implementation of public investment, and addressing infrastructure constraints can help the economy achieve these targets and promote long-term growth. The report's special chapter studies Vietnam's public investment management and how it can contribute to the goal of becoming a high income economy. To harness the power of public investment, the report recommends that Vietnam sustain its level of investment, improve the quality of the proposed project, and address deficiencies in public investment management and inter-governmental fiscal institutions
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  • 27
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation To Climate Change ; Climate Change ; Energy ; Environment ; Health ; Social Protection ; Water and Food
    Abstract: This Country Climate and Development Report (CCDR) for the West Bank and Gaza examines the social and macroeconomic impacts of climate change under three alternative scenarios that reflect different levels of climate action and divergent economic growth trajectories. The scenario analysis builds on sector-level assessments focused on the water-energy-food nexus, urban development, and the macroeconomic framework and is informed by extensive stakeholder consultations and the stated climate priorities of the Palestinian Authority (PA). The health and social-protection sectors are treated as cross-cutting factors in this analysis, reflecting the critical importance of service provision and human capital in a fragile context like the West Bank and Gaza
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  • 28
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Adaptation To Climate Change ; Climate Change ; Demographic Change ; Diversity ; Economic Forecasting ; Economic Growth ; Environment ; Inclusivity ; Macroeconomics and Economic Growth ; Megatrends ; Social Development ; Social Inclusion and Institutions ; Sustainable Growth ; Technological Change
    Abstract: In 2022, Brazil celebrated its 200th anniversary. What will Brazil celebrate at its 220th anniversary, in 2042? Following the recent elections there is a window of opportunity for reforms that will shape Brazil's development over the next decades. "The Brazil of the Future: Towards Productivity, Inclusion, and Sustainability" takes a long-term perspective on Brazil's development, exploring how prudent actions today can generate opportunities for a more prosperous, inclusive, and sustainable society over the next 20 years. The report aims to stimulate public debate about a virtuous cycle for 2042, illustrated by four alternative future scenarios. With the right reforms Brazil can become an economic powerhouse that offers opportunities for all. A more inclusive social contract can facilitate critical reforms
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  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation To Climate Change ; Climate Change Adaptation ; Climate Change Mitigation and Green House Gases ; Decarbonization ; Economic Growth ; Environment ; Inclusive Economic Growth ; Macroeconomics and Economic Growth ; Net Zero Emissions ; Poverty Reduction ; Poverty, Environment and Development ; Resilience
    Abstract: This report explores how climate action, in line with Uzbekistan's goal of achieving net zero emissions by 2060, interacts with the country's growth and development path. It further suggests priority actions to reduce carbon emissions and build resilience while supporting inclusive economic growth and poverty reduction
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  • 30
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2118
    Keywords: Climate Change ; Economic Growth ; Monetary Poverty ; Non-Monetary Poverty ; Poverty Reduction ; Social Assistance
    Abstract: In recent decades, economic growth in the Dominican Republic (DR) has been steady. However, growth has not occurred in such a way as to make the benefits widely and evenly available. In fact, although the DR economy grew faster than that of other LAC countries before the Covid-19 pandemic, its poverty rates and social outcomes remain broadly similar to them. This report seeks to explain this conundrum, as well as to expand the knowledge base to improve the effectiveness of ongoing poverty reduction policies in the DR. The Poverty Assessment draws primarily on new analytical work conducted in the DR, structured around four background notes on: (i) trends in monetary poverty and inequality, as well as the key drivers of those changes; (ii) nonmonetary poverty and its spatial dimensions; (iii) social assistance programs and their role in mitigating poverty; and (iv) climate change and its interaction with poverty. By helping to reduce the evidence gap in each of these areas, our analysis hopes to inform government policies and the national dialogue on poverty reduction. In addition, the note integrates existing analytical work and evidence produced inside and outside the Bank, including from its operations in the country
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  • 31
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Access To Finance ; Equity and Development ; Female Economic Participation ; Finance and Financial Sector Development ; Gender ; Gender and Economic Policy ; Gender and Governance ; Gender Disparity ; Gender Inequality ; Human Rights ; Institutional Barriers To Economic Empowerment ; Poverty Reduction ; Women and Girls Opportunity
    Abstract: This thematic note is part of a broader mixed-method study on gender inequalities in Madagascar, which intends to illustrate the key gender gaps in the country and shed light on the unique challenges that young Malagasy women face in their educational, professional, and family trajectories. Due to the persistence of financial, social, and institutional barriers, Malagasy women and girls encounter significant disadvantages across all dimensions of well-being and are unable to access opportunities in an equal manner with men and boys in the country. They are largely constrained in their ability to accumulate human capital in education and health, and to participate in economic opportunities; and they face severe limitations in agency and decision-making, particularly with respect to family formation. Women and girls also appear to be disproportionally affected by the impacts of climate change and the COVID-19 pandemic, which further widen preexisting gender gaps and amplify vulnerability to poverty, violence, and discrimination. This thematic note provides in-depth insights into the status of women and girls' economic opportunities in Madagascar and proposes several strategic lines of action to enhance women's economic empowerment. This note is accompanied by the overview of all study findings and three thematic notes that present in-depth insights in the following key dimensions: education, health, and agency
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Adaptation To Climate Change ; Climate Change ; Energy Efficiency ; Environment ; GHG Emission ; ICT Applications ; ICT Policy and Strategies ; ICT Sector ; Information and Communication Technologies
    Abstract: This report is based on a targeted review of Singapore's approach to climate change, focusing on how the country drives energy efficiency and reduces GHG emissions in the ICT sector, particularly in data centers. It aims to reflect the various measures undertaken by the Singapore Government, present lessons learned, keytakeaways and challenges that continue to lie ahead. The information in this version is current as of end November 2023. The purpose of this report is to provide the key lessons for broad, multistakeholder consideration and dialogue forwhat countries could consider as they approach "greening" the ICT sector. It is important to note that addressing all the issues raised in this report does not guarantee a perfect, or even workable, enabling environment to meet theglobal climate change challenge. This is because the effectiveness of these measures can be affected by exogenous factors and the unique national circumstances of each country
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  • 33
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation To Climate Change ; Climate Change ; Deforestation ; Environment ; Forests ; GHG Emissions ; Political Economy ; Private Sector
    Abstract: The world faces a triple crisis of three interconnected issues-development, climate, and nature- and current levels of climate action are insufficient. Beyond the grim headlines, there are increasingly clear opportunities to achieve triple wins. To support the alignment of sustainable development priorities and actions with climate change risks and objectives, the World Bank launched the Country Climate and Development Report (CCDR) in 2022. This core diagnostic tool aims to help countries prioritize the most impactful actions to boost resilience and adaptation and reduce GHG emissions, while delivering on broader development and sustainability objectives. CCDRs now cover 56 percent of the population of low- and middle-income countries (LICs and MICs) and 73 percent of their gross domestic product (GDP). The second set of CCDRs also includes one high-income country (HIC), Romania. A main addition of the CCDRs published since COP27 relates to tropical forests, a key dimension of the global climate change challenge. The first set of CCDRs covered only 10 percent of the world's tropical forests, but the addition of key forested countries-including Brazil, the Democratic Republic of Congo, Indonesia, and the Republic of Congo-increases coverage to 56 percent. Many CCDRs (including Romania and Turkiye) also discuss the role of non-tropical forests for resilience and emission reduction. This second summary report builds on the first report published ahead of COP27. Although it is important to caveat the differences in scenarios and ambition, modeling framework, and scope of analysis, this report provides aggregated results that can help governments, private sector investors, citizens, and development partners prioritize the most impactful climate actions. It confirms-with more granularity and stronger evidence, based on more countries-key findings from the first summary report; but it also discusses new issues, such as deforestation and land degradation. It aims to inform global priorities, including the World Bank's Evolution Roadmap and Global Challenge Programs (GCP), as well as other global initiatives
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  • 34
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation To Climate Change ; Budget Deficit ; Climate Change ; Energy ; Environment ; Inflation ; Macroeconomics and Economic Growth ; Non-Hydrocarbon Activity ; Oil and Gas
    Abstract: This Algeria Economic Update reports on the main recent economic developments and policies. It places them in a global and longer-term context and assesses the implications of these developments and policy changes for Algeria's economic prospects. The report is intended for a broad audience, including policymakers, business leaders, financial market participants, and the community of analysts and professionals working in/on Algeria. The report is divided into two chapters. Chapter 1 presents macroeconomic developments in Algeria over the year 2022 and the first quarter of 2023, while Chapter 2 describes the short- and medium-term outlook for the Algerian economy
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  • 35
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Conflict ; COVID-19 ; Economic Forecasting ; Food Insecurity ; Inflation ; Macroeconomics and Economic Growth ; Poverty Diagnostics ; Poverty Reduction
    Abstract: Yemen's economy has been transformed by eight years of violent conflict. War has shattered the country's already fragile economic equilibrium, touching upon virtually every aspect of life. The compounded shocks of the COVID-19 pandemic and rising global prices have only deepened the economic and humanitarian disaster precipitated by the war. Since the start of the conflict, economic analyses have tended to focus on the deterioration of macroeconomic indicators, the sharp rise in poverty and food insecurity, and the destruction of infrastructure and the capital stock, but relatively little attention has been paid to the current structure of the economy or what prospects can be envisaged for the country. Also, it is important to situate this analysis within the political economy dynamics of the country which majorly affect the economic development challenges of the country. Data constraints and the unique characteristics of Yemen's recent experience limit the effectiveness of traditional growth-analysis methodologies. This Country Economic Memorandum (CEM) uses novel data-collection methods and analytical techniques, triangulating its findings with traditional approaches and direct data collection to close the economic knowledge gap. Information sources include extensive key-informant interviews, household phone surveys, and remotely sensed geospatial data based on satellite imagery, including nighttime illumination data. This CEM also combines an in-depth political economy analysis with economic development investigation
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  • 36
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Adaptation To Climate Change ; Catchment Areas ; Climate Change ; Environment ; Macroeconomics and Economic Growth ; Roads ; Vulnerability Assessment
    Abstract: The Kingdom of Lesotho is a landlocked country in southern Africa. Large pockets of the population reside along the Senqu River Valley in the south-eastern reaches of the country, and some of the roads traverse this river to connect to the mountainous areas. Increasing temperatures and changing rainfall patterns due to climate change negatively impacts Lesotho's road network. Sustained land degradation, soil erosion, and increased demand on ecosystem services threatens infrastructure and the health of Lesotho's natural ecosystems, including wetlands. The primary aim of this study was to undertake a review of existing frameworks for climate and environment vulnerability assessments for roads and to adapt these to the Lesotho context in line with Southern African Development Community (SADC) protocol on transport, the National Strategic Development Plan of Lesotho, and the South African National Roads Agency (SANRAL) Design Guidelines. The adapted climate and environmental risk framework then formed the basis for developing a climate change risk and vulnerability and assessment methodology/tool
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  • 37
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Benefits ; Human Capital ; Integration ; International Economics and Trade ; International Migration ; Job Markets ; Labor Markets ; Migration ; Poverty Reduction ; Social Protections and Labor ; Welfare
    Abstract: The global economic recovery remains fragile, creating choppy seas for the recovering Pacific. While global conditions have gradually improved since the pandemic and spillovers from Russia's invasion of Ukraine, progress on reducing inflation in major economies has proven more challenging than expected. Given that all Pacific countries are net importers, this has resulted in persistently high imported inflation. The speed of monetary policy tightening by major central banks has slowed, but easing is unlikely in the near term. Aggregate demand in major trading partners of the Pacific (particularly Australia and New Zealand) remains lackluster. This could limit demand for travel and tourism services and other income sources such as remittance and commodity exports. Despite uncertainties in the global economic recovery, Pacific economies are expected to see ongoing expansion in 2023 and 2024. Fiji led the Pacific's post-COVID-19 recovery with open borders and a strong rebound in 2022 and is now on track to reach its pre-pandemic output level in 2023. Ongoing recovery expectations in the Pacific are broadly in line with March 2023 World Bank projections except for Tuvalu and Palau, where growth has been revised down given weaker than expected outcomes in construction and tourism. In 2023, Pacific growth is expected to reach 3.9 percent and then moderate to 3.3 percent in 2024 as the initial post-COVID-19 rebound dissipates and the region moves towards its long-term trend growth of 2.6 percent. Nonetheless, uncertainty remains high and depends on whether a soft landing can be achieved among key trading partners as they battle ongoing inflation. Inflation remained stubborn across the Pacific at an average of over 6.7 percent in 2022, a substantial increase from the 1.5 percent average during 2019-2021. This has increased the risk of vulnerable populations falling into poverty. In line with global trends, Pacific inflation is expected to decline to an average of 6.0 percent in 2023 and gradually subside thereafter
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  • 38
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Foreign Labor Markets ; International Access ; Labor Markets ; Labor Migration ; Legal Framework ; NCA Countries ; Poverty Reduction ; Social Protections and Labor
    Abstract: This note aims to close the knowledge gap about the effectiveness and capacity of labor migration sending systems in NCA countries. The report assesses whether NCA countries have the fundamental elements of an effective labor migration sending system, identifies the missing elements, and offers recommendations for strengthening the systems over time. Filling such a knowledge gap is critical to inform policies that maximize the benefits and minimize the costs of economic migration. Programs and policies that help expand legal pathways for regular migration will not only promote mutually beneficial migration, but could be a step, albeit small, towards dissuading individuals from pursuing risky migration patterns. Indeed, evidence from Mexico indicates that investing in legal labor pathways can reduce irregular migration (Clemens and Gough, 2018). In this context, this note summarizes the main findings from three institutional diagnostics of the labor migration sending systems in NCA countries, with a view to deepening the understanding of the supply side of labor flows. To this end, and building on previous World Bank experience globally, a diagnostic tool was developed to identify what steps the NCA governments have taken to recognize and respond to foreign demand for workers. The tool examines if appropriate structures, systems, processes, and resources exist to prepare and deliver adequate labor supply arrangements in the context of bilateral agreements (BLAs) or Temporary Work Agreements (TWAs) with other countries. The diagnostic tool is organized around four main pillars to regulate, facilitate, fortify, and further access of labor migrants to international labor markets
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  • 39
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Adaptation to Climate Change ; Climate Change ; Climate Change and Environment ; Ecosystem Degradation ; Ecosystems and Natural Habitats ; Environment ; Landscape ; Mazowe ; Sustainable Development
    Abstract: Productive natural ecosystems are being lost and degraded by poorly planned and managed commercial and small-scale livelihood activities in Zimbabwe, and threats will be further exacerbated by climate change. This report identifies the drivers of ecosystem degradation and assesses the value of ecosystems that are key to Zimbabwe's sustainable development. It also highlights investments that are necessary to protect the landscape and deliver ecosystem services for sustainable livelihood and climate resilience
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  • 40
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Women in Development and Gender Study
    Keywords: Empowerment ; Equity and Development ; Gender ; Gender and Development ; Gender Equality ; Poverty Reduction ; WGE ; Women and Girls ; World Bank Projects
    Abstract: Gender equality has long been central to the World Bank's twin goals of ending extreme poverty and boosting shared prosperity in a sustainable manner. More recently, women's and girls' empowerment (WGE) has become a priority in the Africa region in the context of the region's demographic transition. There has been a proliferation of World Bank projects with development objectives that include "empowerment", yet there remains a lack of consensus around its definition and operationalization. This note lays out a pragmatic Operational Approach to enhancing women's and girls' empowerment in World Bank projects. It is not intended to provide a new definition of empowerment or to present a new framework. Instead, the objective of the note is to translate widely accepted empowerment concepts into an operational approach to WGE that Bank Task Team Leaders (TTLs) can use in their project and ASA work. The approach includes: (i) a systematic way to analyze constraints to achieving WGE in the context of lending or analytical products; (ii) a list of potential intervention areas within the three empowerment pillars that can be integrated into World Bank projects; and (iii) guidance on how to incorporate the operational approach to WGE into project design
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  • 41
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Adaptation ; Adaptation to Climate Change ; Climate Change ; Climate Change Impacts ; Conflict ; Environment ; Sahel ; Social Risks
    Abstract: Somalia's natural and human geography is shaped by its harsh climate. Lying at the eastern extremity of the Sahel, Somalia has an arid to semi-arid climate. The country is in the midst of a prolonged and complex climate disaster, which shows little sign of abating. It has recently endured its longest drought in four decades, now punctuated with renewed flooding. This Climate Risk Review aims to systematically summarize existing knowledge on Somalia's climate risks in an accessible and standardized form. It has developed a set of semiquantitative metrics to summarize and compare risks. It contains four chapters: Chapter 1: Climate Overview outlines Somalia's climate context and how it shapes natural and human geography and rural production systems, as well as briefly summarizes current climate policies. Chapter 2: Climate Change, Conflict, and Social Risks examines the interaction between climate, armed conflict, and social risks, both to better understand the wider context of vulnerability and to identify particularly harmful interactions. Chapter 3: Risk Summaries inventories the major biophysical climate risks across five areas: climate disasters, agriculture and livestock, natural resources, health, and infrastructure and services. For each risk, it collates current information and indicates how ongoing climate change will likely affect the intensity of that risk in future. Chapter 4: Prioritizing Adaptation Action recaps the overall findings across different risks and links these to the broader development agenda within Somalia. It identifies broad priorities and approaches for climate action in relation to policies and institutions, physical investments, and knowledge. This information is complemented by a more systematic review of adaptation options across different sectors in the report's appendix. The report is intended as a reference resource and basis for informing further analytical work. The investments and actions it highlights need to be supported by new and detailed analytical work to identify the most efficient interventions and the institutional steps needed to support them
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  • 42
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Climate Change ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Fiscal Sustainability ; Policies ; Shocks
    Abstract: Real GDP expanded by 17.7 percent in 2022, with per capita incomes surpassing the pre-pandemic levels. On the supply side, accommodation, transport, and commerce explained 60 percent of growth. On the demand side, exports (mainly tourism) and private consumption accounted for growth. The rebound in economic activity in 2022 was accompanied by a reduction in poverty (0.8 percentage points), despite the spike in inflation. Headline inflation reached 7.9 percent (y/y) in December 2022 after inflationary pressures emerged in 2021, fueled by high international oil and food prices and global supply chain disruptions due to the war in Ukraine. Higher food prices and low agricultural production, driven by the five year long drought, intensified food insecurity
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  • 43
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2114
    Keywords: Adaptation To Climate Change ; Agriculture ; Climate Change ; Energy ; Environment ; Green Infrastructure ; Hydro Power ; Landscape Restoration ; Sustainable Land Management ; Vakhsh River ; Water
    Abstract: This report outlines the main results of a study conducted to assess the potential role of landscape restoration/nature-based solutions/green infrastructure in the Vakhsh River Basin, Tajikistan, to reduce the impacts of soil erosion on the hydropower cascade, increase agricultural productivity, improve livelihoods, and inform about investment opportunities. This assessment finds sediment sources and loadings in the Vakhsh River Basin, considers the potential correlation between soil erosion and sedimentation in hydropower reservoirs, proposes possible and cost-effective landscape restoration measures, and estimates the value of ecosystem services provided. The study also presents recommendations for implementing the proposed interventions for the Vakhsh River Basin and for scaling up to other degraded areas throughout the country
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  • 44
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation To Climate Change ; Climate Change ; Climate Change Mitigation and Green House Gases ; Climate Resilience ; DRC ; Economic Growth ; Environment ; Fragile Countries ; Low-Carbon ; Macroeconomics and Economic Growth
    Abstract: This Country Climate and Development Report (CCDR) aims to support DRC's efforts to achieve its development goals within a changing climate by quantifying the impacts of climate change on the economy and highlighting policies and interventions needed to strengthen the country's climate resilience on many different levels. The report captures the interplay between DRC's development, climate challenges, and climate policies, with the objective of identifying synergies and tradeoffs. The CCDR supports the strategic vision of the Government of DRC as articulated in its 2030 National Strategic Development Plan ("Plan National Strategique de Developpement" (PNSD)) to reach middle-income country (MIC) status by 2035, and by 2050, become a diversified inclusive economy spurred by sustainable growth. It identifies the priorities needed in order to launch the most impactful, cost-effective actions to boost adaptation, build resilience, and foster low-carbon growth, while delivering on broader development goals. These are critical objectives, especially in fragile countries such as the DRC
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  • 45
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation To Climate Change ; Climate Change ; Climate Change Mitigation and Green House Gases ; Economic Growth ; Environment ; Infrastructure ; Macroeconomics and Economic Growth ; Poverty ; Resilience ; Urban Development ; Urban Environment
    Abstract: Cote d'Ivoire is at a crossroads. Despite good progress over the last decade, recent global economic and health shocks have aggravated existing problems including lack of fiscal space, limited access to concessional and cheap financing, and a fragile political neighborhood. But Cote d'Ivoire now has an opportunity to put its growth on a more sustainable path, both realizing the aspirations of a growing population and better adapting to the growing impacts of climate change. Climate change impacts are already affecting Cote d'Ivoire, as temperatures increase, rainfall and other weather events become more extreme and less predictable, and sea levels rise. This World Bank Group Country Climate and Development Report (CCDR) shows negative impacts from climate change will reduce economic performance and over proportionally impact the poor. The report examines specific opportunities in energy, agriculture, and land use as well as urban development and interconnectivity that could render the country's development more sustainable and inclusive, raising standards of living while increasing resilience in face of climate change. Dealing with a changing climate is a national imperative, where choices need to be made for the structural transformation of the economy, transitioning from outdoor low-earning sectors such as agriculture to more value-added industrial and service activities
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  • 46
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2119
    Keywords: Climate Change Impacts ; Debt Indicators ; Economic Growth ; Education ; Environment ; Fiscal Indicators ; GDP ; GHG ; Inflation ; Life Expectancy At Birth ; Macroeconomics and Economic Growth ; Poverty Assessment ; Poverty Indicators ; Poverty Reduction
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Europe and Central Asia region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 47
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Access and Equity in Basic Education ; Carbon Neutrality ; Climate Change ; Education Finance ; Educational Institutions and Facilities ; Energy ; Environment ; Low-Carbon ; Macroeconomics and Economic Growth ; Resilience
    Abstract: The Cambodia Country Climate and Development Report (CCDR) provides analysis and recommendations on how Cambodia can achieve sustained development while responding to climate change and the low-carbon transition. Cambodia has high development aspirations, aiming to become an upper-middle-income country by 2030 and a high-income country by 2050. Achieving these goals will not be easy and will require a more inclusive, diversified, and productive economy. Climate change could amplify existing development challenges, with potentially sizable impacts on growth, trade, debt, and poverty reduction, as Cambodia faces one of the world's highest levels of exposure to floods and extreme heat. However, building climate resilience also offers an opportunity, not only to mitigate climate risks, but also to concurrently further development outcomes, as this report finds that adaptation measures in Cambodia have large development co-benefits. Moreover, Cambodia has made ambitious pledges in its Nationally Determined Contributions (NDC) and in its Long-term Strategy for Carbon Neutrality (LTS4CN). Delivering these commitments will require careful policy choices to mitigate transition risks and seize development opportunities. Finally, as a small, open economy highly dependent on trade and foreign direct investment (FDI), Cambodia will be highly affected by the accelerated decarbonization and changing consumption and production patterns in the rest of the world. With the right policy choices and a vibrant private sector, this could offer opportunities for export diversification, job creation, and growth
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  • 48
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Keywords: Banking Sector ; Economic Growth ; Fiscal and Monetary Policy ; Fiscal Space ; Growth ; Income Inequality ; Inequality ; Macroeconomics and Economic Growth ; Poverty Reduction ; Reforms
    Abstract: Global economic activity registered resilient growth in early 2023 but is losing momentum. Advanced economies growth slowed less-than-anticipated inearly 2023 as tight labor markets drove wages up, preventing a sharp decline in consumption. However, global growth slowed slightly in Q2 2023, with services growth cooling gradually and manufacturing remaining soft. Global inflation has moderated in recent months, largely reflecting favorable base effects from commodity prices falling below their 2022 peaks, along with abating supply chain pressures. Global trade in services strengthened in 1H 2023 thanks to the easing of mobility restrictions but trade in goods slowed due to weakening global industrial production
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  • 49
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation ; Adaptation to Climate Change ; Climate Change Mitigation and Green House Gases ; Climate Governance ; Climate Resilience ; Economic Diversification ; Environment ; Finance and Financial Sector Development ; Financial Sector and Social Assistance ; Health Costs ; Natural Capital ; Poverty Reduction ; Private Sector ; Private Sector Development ; Private Sector Economics ; Republic Of Congo ; Sustainable Growth
    Abstract: The Republic of Congo (RoC) CCDR is a new World Bank core diagnostic report that integrate climate change and development considerations. It is intended to help the country prioritize the most impactful actions that can boost adaptation and reduce greenhouse gas (GHG) emissions, while delivering on broader development goals. The CCDR builds on data and rigorous research and identify main pathways to reduce climate vulnerabilities and GHG emissions, including the costs and challenges as well as benefits and opportunities from doing so. The report highlights that RoC could reduce poverty in rural areas by 40% and in urban areas by 20% by 2050 by implementing more ambitious reforms to promote economic diversification and climate resilience. It also concludes that business as usual is not an option. Economic losses could reach up to 17% of GDP by 2050 if reforms to diversify the economy and attract more climate investments are not taken. Climate impacts could also increase total health costs from USD 92 million in 2010 to USD 260 million by 2050. The report identifies four priorities to promote sustainable growth in the country: (i) stronger and greener infrastructure and services in electricity, transport, water, and sanitation can deliver transformative results; (ii) More climate-ready education, health systems and social services can save lives and bring critical resources to the poorest; (iii) More investments in natural capital including climate smart agriculture and greater forest management along will help create jobs while reducing carbon emissions; (iv) better climate governance to leverage carbon markets. The forest contributes to USD 260 million in timber exports and store over 44 billion tons of carbon dioxide equivalent emissions. Protecting and valorizing the forest is critical to turn the country's natural capital into wealth. The report emphasizes that the private sector has a critical role to play in mobilizing financing for an ambitious set of reforms and investments in the context of tight fiscal space. This will require raising awareness on risks and opportunities from climate change, and innovative solutions and financial sector reforms
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  • 50
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Poverty Assessment
    Keywords: Access To Services ; Food ; Infrastructure ; Monetary and Non-Monetary ; Poverty Assessment ; Poverty Reduction
    Abstract: This report -- the Central African Republic's (CAR's) first ever poverty assessment -- draws on unparalleled microdata to propose practical strategies for lifting Central Africans out of poverty. Against the backdrop of a wide range of development challenges -- including persistent low growth, conflict and displacement, andthe increasing threats posed by climate change --CAR urgently needs policies for reducing poverty. This report draws primarily on the 2021 Enquete Harmonisee sur le Conditions de Vie des Menages (EHCVM), the first household survey suitable for poverty measurement conducted in CAR in more than a decade, to try and guidesuch policies. The report provides CAR's headline poverty and inequality statistics, using the EHCVM's unique sampling strategy to cover internally displaced persons (IDPs). The analysis goes beyond considerations of monetary poverty alone, assessing the extent of non-monetary deprivation in CAR, examining constraints onhuman capital development, and exploring the role that livelihoods -- especially in agriculture -- can play in lifting people out of poverty. Using geospatial data, the results are also linked to indicators of physical access to schools and health facilities as well as key elements of basic infrastructure. This Executive Summary highlights the poverty assessment's key findings and outlines the policies that can kickstart CAR's pathway towards poverty reduction
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  • 51
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation To Climate Change ; Climate Change ; Deforestation ; Environment ; Forests ; GHG Emissions ; Private Sector
    Abstract: Climate action is critical for development in the Middle East and North Africa (MENA). The region contains countries among the most affected by climate change but least prepared to address it. This report introduces key findings of the World Bank Country Climate and Development Reports (CCDRs) in the region. The CCDRs help align climate and development considerations for governments and other stakeholders and help prioritize actions that enhance adaptation and resilience, reduce greenhouse gas emissions, and align with broader development goals. Addressing these challenges and converting them into opportunities is crucial, including taking carefully prioritized, sustained action. Seven CCDRs have been published for MENA countries (Egypt, Iraq, Jordan, Lebanon1, Morocco, Tunisia, West Bank and Gaza), offering policy and investment options to harmonize climate and development objectives. Additional countries will be covered as CCDRs are finalized in the coming years
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  • 52
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Biodiversity ; Climate Change ; Economic Forecasting ; Economic Growth ; Environment ; Environmentally Protected Areas ; Food Prices ; Macroeconomics and Economic Growth ; Nature-Based Tourism ; Poaching ; Private Sector ; Protected Areas
    Abstract: The Rwandan economy continued to achieve strong growth in 2022 in the face of weakening external demand and restrictive monetary policies required to control inflation. Rising food prices particularly affected the poor, who devote a large share of their spending to food and appear to have faced higher food inflation than richer households did. Growth is expected to decline somewhat in 2023 and then to recover closer to historical rates over the medium term. Tourism is a major source of Rwanda's foreign exchange earnings and tends to generate a higher proportion of formal sector jobs than other sectors and could make a substantial contribution to growth. Within tourism, strengthening the provision of nature-based tourism, which accounts for eight percent of leisure and conference visitors in Rwanda would also help protect biodiversity and advance Rwanda's efforts to adapt to climate change. Nature-based tourism faces significant challenges, including potential limits on expansion of revenues from one of the primary international attractions - gorilla trekking, degradation of the natural assets that underpin the sector, risks presented by infectious diseases, habitat change and overexploitation, and the impact of climate change on tourism demand. Key measures to promote nature-based tourism will need to include expanding the network of protected areas and improving management of the natural assets within and outside protected areas and diversifying the nature-based tourism's offering while complementing efforts to diversify tourism activities. Efforts are required to enhance revenue sharing mechanisms to increase incentives for local communities to conserve natural assets and unlock new opportunities and community-led enterprises that generate revenue from tourism and sustainable management of natural resources, including forests. This is essential to address poverty, to mitigate poaching threats, other illegal activities, and reduce unsustainable exploitation of resources. It is also imperative to secure private sector participation in financing and operation of facilities by introducing innovative financing methods to secure the necessary investment, strengthening capacity and management of tourism facilities and services, and removing subsidies that contribute to environmental degradation
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  • 53
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Adaptation to Climate Change ; Climate Change ; COVID-19 ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Financial Systems ; Transition ; Vulnerabilities
    Abstract: This report provides an assessment of the stability of the financial systems of selected Pacific Island Countries (PICs) in the context of COVID-19 and emerging risks. The report brings together an analysis of information provided by the central banks of the PICs covered by this study over the last two years. The purpose of the study is to assess the financial stability and vulnerabilities and to provide technical guidance to the PIC authorities to assist in their financial sector policy response. Chapter 1 presents an overview of the financial systems of the PICs. Chapter 2 presents an analysis of the impacts of COVID-19 on the financial systems of the PCIs and the policy responses to the pandemic. Chapter 3 looks at the challenges of transitioning from the pandemic to normal policy settings. Chapter 4 provides a set of bespoke policy recommendations with the aim of enhancing the ability to deal with financial sector risks and vulnerabilities. Finally, Chapter 5 puts forward recommendations for the assessment of climate and environmental related risks on the PICs. The report finds that the pandemic has negatively impacted economic growth in the PICs, challenging financial stability. Due to various relief measures adopted by governments in the region, and the lagged economic impact of the pandemic, the PICs' financial sectors do not yet fully reflect the risks to bank profitability and asset quality, which could materialize over 2022-23. Response and
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  • 54
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Conflict and Development ; Forced Displacement ; Host Communities ; Inequality ; Living Standards ; Poverty Reduction ; Social Cohesion ; Social Conflict Prevention
    Abstract: This report presents new evidence from 26 background studies on forced displacement and social cohesion to expand the current knowledge base on how to prevent social conflict and promote social cohesion in forced displacement contexts. The background studies are geographically and methodologically diverse. They examine social cohesion in a variety of low-, middle-, and high-income countries across Africa, Asia, Central, and South America, and Europe. Building on this new evidence, the report provides lessons on how development investments and policies can reduce inequalities, alleviate social tensions, and promote social cohesion between and within displaced populations and host communities. Overall, the findings demonstrate that, while displacement can exacerbate existing inequalities and create new inequalities and the potential for conflict, especially in areas with strained services and limited economic opportunities, inclusive policies and development investments can effectively mitigate the negative effects of displacement and promote social cohesion
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  • 55
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Evaluation
    Keywords: Climate Change ; Development Challenges ; Economic Growth ; Food Insecurity ; Macroeconomics and Economic Growth ; Natural Disasters
    Abstract: Somalia is today among the poorest and most fragile countries in the world, facing myriad development challenges related to ongoing conflict, climate change, food insecurity, natural disasters, and displacement. Overlapping crises related to the COVID-19 pandemic, a prolonged drought, and macroeconomic shocks from rising food and fuel costs have worsened socioeconomic conditions (World Bank 2022). Seventy-one percent of Somalis lived in extreme poverty in 2021, compared with 28 percent for Sub-Saharan Africa (World Bank 2021). Average life expectancy was 57.4 years, and maternal mortality stood at 734 for every 100,000 births (World Bank 2018d). The country's Sustainable Development Goal ranking was 160th out of 163. The Somalia Country Program Evaluation (CPE) will assess the evolution of the World Bank Group's support over fiscal years (FY)13-22 and the extent to which the Bank Group adequately prepared for an eventual normalization of relations with Somalia, tailored its support to the conflict and fragility situation in Somalia and evolving circumstances and country priorities, and learned from experience. It will seek to inform the preparation of the next Somalia Country Partnership Framework (CPF) and may be relevant to broader Bank Group engagement in countries affected by fragility, conflict, and violence (FCV)
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  • 56
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Economic Growth ; Employment ; Finance and Financial Sector Development ; Financial Sector and Social Assistance ; Fiscal and Monetary Policy ; Macroeconomics and Economic Growth ; PER ; Poverty Reduction ; Public Spending ; Social Assistance ; Western Balkans
    Abstract: Kosovo has gained a creditable reputation for prudent macro-fiscal management; yet necessary structural reforms and related fiscal pressures lie ahead. The country's track record includes consistently high output growth rates, prudent fiscal deficits supported by fiscal rules, and one of the lowest public debt levels among peers. The Government was able to successfully weather the COVID-19 crisis and mitigate the impact of the ongoing inflationary crisis caused by the Russian invasion of Ukraine thanks to its healthy fiscal accounts and stable financial sectors. At the same time, however, the overlapping external shocks have highlighted the inherent volatility that mirrors Kosovo's structural limitations - especially in health, energy, and education - and accentuates gaps in both human and physical capital. The objective of this Public Expenditure Review (PER) is to help the government identify means for improving the structure and quality of public services, enhance the equity of government spending, and take a holistic view of policies that will affect financing needs over time. To do so, the PER has analyzed fiscal issues that have not been explicitly detailed in, or are in the process of being incorporated into, the medium-term expenditure framework and the economic reform program. The most notable issues include the urgently needed energy investments, the ramifications of the new law on public salaries on the budget, the sustainability of the untargeted social protection system, and possible pathways of the cost of pensions in light of expected changes to eligibility criteria, and the health spending and health financing conundrum. The PER also looks back at past World Bank PER recommendations and their implementation record, in the attempt to shine a light on measures that remain valid and could still be implemented
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  • 57
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Financial Sector ; Fiscal Policy ; Growth and Poverty ; Inflation ; Macroeconomics and Economic Growth ; Poverty Diagnostics ; Poverty Reduction ; Rice Economy
    Abstract: In the last two years, Liberia's economic performance has improved. Inflation remained in single digits despite high global food and fuel prices and a relaxation in monetary and fiscal policies. Liberia's poverty rate is projected to have declined slightly in the last two years as GDP growth rebounds and inflation moderates. On the external side, Liberia's current account balance improved in 2022, thanks to the continued increase in mining export earnings. The increase in gold export in 2022 offset the increase in imports. Liberia's medium-term economic outlook is positive, but uncertainties remain. Even as it has been trying to recover from a decade of weak economic and social performance, Liberia's overall productivity and economic efficiency remain low, especially in vital sectors of the economy, including agriculture. Demographic trends, economic growth, and a strong preference for rice are the main drivers of demand. Yet, Liberia produces only one-third of its rice needs due to several constraints, including limited access to technology, inefficient farming practices, low public and private investments, and a fragmented value chain, among other factors that have kept productivity low. Amid low production, the increase in imported rice prices continues to fuel food insecurity, poverty, and vulnerabilities in Liberia. Domestic production would need to triple to satisfy local demand, but increasing production would require significant investments in the rice sector, as well as policy actions. This report provides some broad directions for policies
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  • 58
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Climate Change ; Data ; Disaster Response ; Drought ; Food Security ; Inclusive Growth ; Macroeconomics and Economic Growth
    Abstract: This 2023 Economic Update for Mali is articulated in two chapters, plus a spotlight. The first chapter presents the economic and poverty developments observed in the country in 2022 as well as the outlook from 2023 to 2025. This chapter is followed by a summary of the macroeconomic-poverty impact analyses for Mali in the World Bank Sahel Country Climate and Development Report (2022). Chapter Two offers a deep dive on the potential from using disaster risk financing and insurance instruments to reduce adverse socio-economic impacts of climate shocks. While the analysis is about the establishment of such instruments to protect a key sector such as pastoralism, which engages around 80 percent of Mali's households, their use can be extended to other sectors such as agriculture
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  • 59
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Climate Change ; Disaster Risks ; Economic Growth ; Environment ; Macroeconomics and Economic Growth ; Resilience
    Abstract: Cabo Verde is a young, small, and vibrant island nation with an open economy. Rising above its daunting geographical challenges and limited endowments, the country is a story of economic success. Reforms to the rule of law and the market have prompted significant economic and social progress since the country's independence from Portugal in 1975, leading to democratic and macro-economic stability. Its robust, albeit highly volatile, economic growth has been driven by tourism, remittances, and foreign direct investment, enabled by structural reforms and social and political stability. Despite remarkable social and economic progress, Cabo Verde's development model has been showing signs of fatigue since the 2008 global financial crisis. To guide Cabo Verde in meeting these challenges, this Country Economic Memorandum (CEM) contains two modules: (1) empowering complementary engines of growth; and (2) fostering the resilience of growth to disaster and climate-related shocks. The CEM benchmarks Cabo Verde's performance against other Small Island Developing States (SIDS), structural peers (Samoa, Sao Tome and Principe, and Vanuatu), and aspirational peers (Mauritius, Seychelles, St. Kitts and Nevis, and St. Lucia). Structural peers are countries that share similar economic characteristics and endowments, while aspirational peers are countries that have been able to grow faster and more sustainably than Cabo Verde, despite sharing similar structural conditions (Annex 1)
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  • 60
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Climate Change ; Fiscal Adjustment ; Fiscal and Monetary Policy ; Fiscal Sustainability ; Health Care ; Macroeconomics and Economic Growth ; Revenue Mobilization ; Social Protection ; Spending Trends ; Taxes, Transfers and Equity
    Abstract: Having implemented a substantial fiscal response to COVID-19, Thailand's government now faces the medium-term challenge of reducing elevated deficit and debt levels, and the structural challenge of meeting rising spending needs, including those associated with an aging population, while maintaining fiscal sustainability. In this context, this Public Revenue and Spending Assessment sets out revenue and expenditure choices that will help to ensure a more inclusive and sustainable economy. This will require raising revenue, improving the efficiency of public spending, and ensuring that revenue and spending policy measures support the most vulnerable and are responsive to climate-related challenges. Within this overall framework, the report provides several recommendations to improve the quality of spending in the health, education, and social protection sectors, as well as a detailed assessment of fiscal policies that will contribute to the achievement of climate mitigation and adaptation goals
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  • 61
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: r02
    Keywords: Development Effectiveness ; Gender ; Gender Monitoring and Evaluation ; IEG Implementation ; Poverty Impact Evaluation ; Poverty Monitoring and Analysis ; Poverty Reduction ; Progress Towards Outcomes ; World Bank Self-Assessment ; World Bank Strategy
    Abstract: The Management Action Record (MAR) provides Management's annual self-assessment of World Bank Group (WBG)-wide progress in implementing recommendations from the Independent Evaluation Group's (IEG) major evaluations to deliver outcomes in key priority areas. The MAR is an important vehicle for monitoring the uptake of IEG evaluations; it aims to ensure that recommendations lead to targeted actions that help shape the WBG's strategic directions, improve its development effectiveness, and ultimately help countries achieve their development goals. This year's MAR report provides updates on 59 recommendations from 22 IEG evaluations issued between FY19 and FY22, covering a diverse range of areas of strategic importance to the WBG. Building on progress achieved over the previous reporting cycles since the 2020 MAR Reform, this year's MAR process featured enhanced candor in the self-assessment, a broader evidence base, and a widening of the teams involved in providing feedback to IEG for richer reporting. During this year's MAR update cycle, Management continued its more intensive engagement approach, with more touchpoints, to enhance the MAR's learning focus and build understanding between evaluators and technical staff. This has included the facilitation of dozens of evaluation-specific working meetings with IEG, involving over 130 participants from across the WBG, with representation from all relevant WB Global Practices, IFC, and MIGA regional and industry teams
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  • 62
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Access To Labor Market ; Accessibility ; Climate Change ; Disability Inclusion ; Economic Forecasting ; Economic Stabilization ; Environment ; Health Services ; Health, Nutrition and Population ; Inclusive Disaster Management ; Social Protection ; Social Protections and Labor
    Abstract: The impacts of climate change will be unevenly felt within and across countries partly due to social and economic inequalities. Persons with disabilities represent 16 percent of the global population and face widespread forms of social and economic marginalization yet have received little attention in prior studies of climate change and social inequality. The mortality rate of persons with disabilities in natural disasters is "up to four times higher than people without disabilities" (Stein and Stein 2021). How do the fast-moving shocks, flooding, drought, heatwaves and slower-moving social and economic effects of climate change impact persons with disabilities How can climate change adaptation efforts be disability inclusive This study examines these questions through original fieldwork and qualitative interviews conducted in Uzbekistan. In November 2022, the authors interviewed persons with disabilities in three regions of the country. The resulting qualitative data afford key insights into how climate change and disability status interact to generate distinct vulnerabilities. Within the nascent field of climate change and disability studies, this report represents one of the first fieldwork-based accounts of how climate change presents heightened risks to persons with disabilities in a developing country context
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  • 63
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Keywords: Current Economic Indicators ; Equity Committment ; Fiscal and Monetary Policy ; Fiscal Policy ; GDP Growth By Sector ; Governance ; Macroeconomics and Economic Growth ; Poverty Reduction ; Recent Economic Developments
    Abstract: Global growth is projected to slow significantly in 2023 as continued monetary tightening constrains the credit supply. Tanzania's economy has performed relatively well despite a challenging external environment. The government recognizes that a dynamic private sector fueled both by domestic and international investment is crucial to increase productivity, accelerate job creation, and support more inclusive and resilient growth. Tanzania has several macroeconomic advantages that could support a successful transition to middle-income status. Tanzania's most urgent reform priorities include measures to improve efficiency and effectiveness of expenditure programs and boost tax-revenue mobilization. The government should assess and regulate budget transfers to state-owned enterprises to ensure their sustainability. An analysis of the implementation capacity of ministries with low expenditure execution rates could inform efforts to improve procurement systems and strengthen monitoring and evaluation. The government should adjust VAT, corporate income tax, and excise tax rates to increase revenue mobilization, and excise taxes on tobacco should be reevaluated to balance revenue and public health objectives. Strengthening taxation on wealthier households is vital to improve the equity of the tax system. Reinforcing the tax administration's auditing capacity will be necessary to boost collection efficiency and enhance distributional equity, and registration thresholds should also be adjusted to broaden the tax base. The Commitment to Equity (CEQ) methodology could be used to assess the impact of proposed fiscal policy changes on household income, poverty, and inequality
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  • 64
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation To Climate Change ; Climate Change ; Environment ; Human Capital ; Inclusive Development ; Social Protections and Assistance ; Social Protections and Labor ; Sustainability
    Abstract: To respond to climate change effectively, human capital needs to be at the heart of policy responses. This policy note demonstrates the impacts of climate change across the lifecycle and provides a framework of policy and program interventions to protect, build, and use human capital to minimize climate change impacts and create opportunities for more sustainable and inclusive development on a livable planet. By demonstrating the scope of impacts of climate change on people and people's potential to contribute to climate action, the note also makes a case for prioritizing human capital investments as part of countries' Nationally Determined Contributions (NDCs) and other climate strategies
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  • 65
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation To Climate Change ; Climate and Development ; Climate Change ; Climate Change Economics ; Climate Policy Framework ; Climate Resilience ; Decarbonization ; Economic Forecasting ; Economic Outlook ; Economic Policy ; Environment ; Investment and Investment Climate ; Macroeconomics and Economic Growth
    Abstract: Indonesia has been successful in navigating the macroeconomic fallout from asynchronous global shocks. Gross domestic product (GDP) growth remains strong though the economy is yet to fully recover to its pre-pandemic trajectory. This is consistent with labor market trends, which show a recovery in labor force participation and employment but a possible deterioration in jobs quality. Inflation has been brought under control following the effects of the energy price shocks in 2022, though new pressures are emerging from food supply risks and renewed oil price rises. External pressures have risen due to tight global financing conditions, which have triggered capital outflows and currency pressures across emerging markets including Indonesia. With resilient macroeconomic underpinnings and the end of the post-COVID recovery cycle, the policy focus turns again to the growth agenda
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  • 66
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation To Climate Change ; Climate Change ; Deforestation ; Economic Growth ; Environment ; Forests ; GHG Emissions ; Macroeconomics and Economic Growth ; Private Sector
    Abstract: This Country Climate and Development Report (CCDR) proposes that Benin focuses on building a resilient economy, with investment and policy options primarily targeted at adapting to climate change risks. The dependence of Benin's economic structure on agriculture and informal employment makes its development path highly vulnerable to climate change in the absence of proper adaptation. The government and the private sector need to be better prepared to deal with climate change -- building adequate institutions and governance structures will be crucial. While all sectors will have to become more resilient, this is especially urgent for agriculture and land use, urban and network infrastructure, and human development (education, health). Mitigation efforts should focus on avoiding carbon lock-ins and reducing deforestation. Investing in renewable energy whilst expanding the population's access to electricity should be a priority for Benin. A higher share of renewable energy can bring about co-benefits for other sectors (agriculture, water, transport, and forestry). To maintain its growth trajectory, Benin needs to pay special attention to its most vulnerable people, including women. To protect the poor and vulnerable the just transition should focus on reconciling development and climate goals while addressing inequality (income and gender related), and spatial exclusion
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  • 67
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Environmental Analysis
    Keywords: Amazon ; Cerrado ; Climate Change ; Climate Change and Environment ; Climate Change Impacts ; Ecosystem ; Environment
    Abstract: Brazil is highly exposed to climate change risks. The impacts of global climate change risks and local practices on the Amazon and Cerrado biomes are of particular concern, as they provide vital ecosystem services to Brazil, the South American region, and the world. The Brazil Country Climate and Development Report (CCDR) examines the implications of climate change and climate action for Brazil's development objectives and priorities. It identifies opportunities for Brazil to achieve both its development goals and its climate commitments. It lays out a combination of sectoral and economy-wide policy reforms, as well as targeted investments in near- and medium-term mitigation and adaptation measures to achieve more rapid and inclusive development with lower greenhouse gas (GHG) emissions. The idea is to maximize synergies between climate and development objectives, while addressing trade-offs among policy objectives and key transition challenges
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  • 68
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Adaptation To Climate Change ; Air Quality and Clean Air ; Climate Change ; Cost-Effective ; Energy-Efficient ; Environment ; Indoor Air Quality ; Thermal Comfort ; Urban Development ; Urban Housing
    Abstract: This report provides evidence-based guidance on cost-effective and energy-efficient cooling and ventilation interventions to improve building-level thermal comfort and indoor air quality for a changing climate in South Asia. It focuses on Bangladesh, India, and Pakistan but also covers all the countries in the region, including Afghanistan, Bhutan, Maldives, Nepal, and Sri Lanka. After an introduction, the report analyzes local climates and air quality issues, building types, and occupant behavior, as well as available passive and active interventions and their relevance in the region, before concluding with a set of recommendations for all building types. The report also identifies additional recommendations specific to residential and commercial buildings, along with policy and country-specific recommendations
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  • 69
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Poverty Assessment
    Keywords: COVID-19 ; Economic Forecasting ; Environmental Shocks ; Fiscal System ; Macroeconomics and Economic Growth ; Poverty and Equity ; Poverty Reduction ; Urban Areas
    Abstract: This report relies on several data sources. The main source providing the poverty, inequality and labor figures herein is the 2019/20 Household Budget Survey (Inquerito sobre Orcamento Familiar, IOF2019/2020) conducted by the National Statistical Institute (Instituto Nacional de Estatistica, INE) starting in November 2019 and spanning 13 months. The survey's sample was drawn from the 2017 Census and allows for poverty figures to be representative at national and provincial as well as rural and urban levels. The fieldwork included data collection from 13,297 households interviewed across four quarters as in previous surveys, to account for seasonality effects like the impact on households' consumption of relatively more abundant post-harvest periods. The starting point for the analysis is chapter 1, which synthesizes progress in reducing poverty between 2014-15 and 2019-20. This chapter also looks at the regional distribution of poverty, the impact of the pandemic, multidimensional poverty, the profile of the poor, changes in the responsiveness of poverty to growth, discusses trends in non-monetary dimensions of wellbeing, and simulates future poverty trends. Chapter 2 examines the distribution of growth and inequality reduction over the period, the pandemic's impact, discusses the growth-poverty-inequality relationship, assesses the spatial dimensions of poverty, and estimates the Human Opportunity Index for Mozambique. Chapter 3 focuses on labor markets and provides insights into labor force participation, unemployment, underemployment, employment sectors, child labor, and labor market demand conditions. Chapter 4 presents a fiscal incidence analysis and information on transfers. Chapter 5 examines the relevance of environmental shocks, assesses the impact of weather events on agricultural production and night-time light radiance in urban areas. It also models poverty and distributional impacts of climate change shocks and presents findings on climate change literacy in Mozambique. Finally, chapter 6 discusses a variety of policy implications
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  • 70
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Adaptation To Climate Change ; Biodiversity ; Climate Change ; Energy ; Environment ; Forest Institutions ; Forest Management ; Forests ; Fuels ; Information and Communication Technologies ; Land Degradation ; Landscape Restoration ; Legal Framework ; Non-Wood Forest Products ; NWFPs ; Protected Areas
    Abstract: This note synthesizes multiple reports produced under World Bank support to the Government of Armenia (GoA) in undertaking landscape restoration opportunities assessment and provides a detailed overview of opportunities and challenges in the forestry sector. Armenia is a forest-poor country; only 11.2 percent of the territory (334,100 hectares (ha) is forested, which is concentrated in three marzes: Tavush and Lori in the north and Syunik in the south. The predominant forest type is naturally grown broad-leaved mountain forest with a small area of pine forest. Estimates on the state of the forests, their extent, quality, health, and harvested volumes vary widely depending on the data sources and methodology used. Based on wood consumption data, harvesting volumes must be much higher than officially reported, while forest growth is lower than the current official estimates. These divergences, combined with limited silvicultural management and exacerbated by fires and uncontrolled grazing, mean that sustainable forest use is clearly far from guaranteed. The note has been developed through a consultative process and is expected to inform all relevant stakeholders on the status of the forest sector and opportunities to further improve it. The objective of this note is to strengthen the dialogue with Armenia on the forest sector considering the ongoing reforms and to explore how the country can reverse landscape degradation and increase its contribution to post-pandemic economic recovery
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  • 71
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Climate Change ; Finance and Development ; Finance and Financial Sector Development ; Governance ; Inclusion ; Poverty Alleviation ; Resilience ; Shared Prosperity ; Sustainability ; Sustainable Finance
    Abstract: This annual report, which covers the period from July 1, 2022, to June 30, 2023, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)-collectively known as the World Bank-in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors
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  • 72
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Agriculture ; Armed Conflict ; Children and Education ; Civil War ; Conflict ; Conflict and Development ; Displacement ; Food Security ; Food Unaffordability ; Health and Poverty ; Health, Nutrition and Population ; Humanitarian Response ; Limited Health Care ; Living Costs ; Living Standards ; Poverty Reduction ; Reduced Food Intake ; Repeated Shocks
    Abstract: This report highlights respondents' lived experiences during Yemen's conflict as experts of their own experiences. This report aims to present the voices of Yemenis who have now spent eight years living through a civil war, economic crisis, and close to famine. This report is among the few authentically capturing Yemeni voices on a range of day-to-day issues from different governorates across the country. But arguably the small sample size limits ability to generalize findings. However, generalizing findings was not the intention of the report. For each theme, 'Voices from Yemen' presents a multi-stakeholder perspective to mitigate bias towards a single stakeholder group or geographical area. Moreover, the report's findings are in line with those in quantitative reports, such as 'Surviving in the Times of War' or the 'World Bank Phone Survey' report on food security. 'Voices from Yemen' presents a comprehensive picture of suffering derived from human stories behind the statistics. The conflict has made Yemeni lives unaffordable, uncertain, vulnerable, and often unbearable. The power of people's speech and the intensity of their stories narrate their grave vulnerabilities and the sense of helplessness and suffering the conflict has caused
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  • 73
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Adaptation to Climate Change ; Agricultural Sector Economics ; Agriculture ; Agriculture Infrastructure ; Climate Change ; Climate Resilient Investment ; Energy ; Energy Infrastructure ; Energy Policies and Economics ; Environment ; Infrastructure Economics and Finance ; Infrastructure Finance ; Resilient Infrastructure ; Sub-Saharan Africa ; Transport
    Abstract: This Compendium Volume presents a series of guidance notes and more detailed complementary technical notes that offer practical insights in support of enhancing the climate resilience of infrastructure investment projects in Sub-Saharan Africa. This first introductory chapter starts with an overview of the investment conditions and climatic context in the region, followed by a description of the scope of this Compendium Volume and individual notes, target audiences, and a roadmap for users of the contents covered in this Volume
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  • 74
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation ; Adaptation To Climate Change ; Climate Change ; Environment ; Manage Model
    Abstract: The Dominican Republic has made significant progress in boosting economic growth and reducing poverty, but it still faces challenges to achieve inclusive and equitable development, increase productivity, and improve the competitiveness and sustainability of primary sectors like agriculture, water, tourism, and energy. The National Development Strategy (NDS) and the National Multi-Year Public Sector Plan (NPSP) aim to address development and climate challenges and promote a green, inclusive and resilient future. The DR is highly vulnerable to climate change, which is likely to compound existing development challenges. By 2050, climate change impacts are expected to decrease labor productivity and affect health, crop yields, tourism, infrastructure capital, and natural ecosystems such as forests and coastal areas. Climate change also poses risks to the financial system such as the banking sector's heightened credit exposure to tropical cyclones and droughts. Although the DR has a small carbon footprint, the country's GHG emissions have been rising, mainly in the energy, waste, and agricultural sectors. Fostering a low-carbon growth path can support the country's climate change goals while bringing important development co-benefits. The Dominican Republic CCDR employs a version of the MANAGE model. This CCDR further extends the model to incorporate the path of emissions from key sectors (transport, energy, AFOLU), and to incorporate DR-specific climate damage functions to introduce the impact of climate change on the economy
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  • 75
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2201
    Keywords: Access of Poor To Social Services ; Access To Finance ; Access To Services ; Digital Divide ; Finance and Financial Sector Development ; G20 ; Inclusive Cities ; Information and Communication Technologies ; National Urban Development Policies and Strategies ; Poverty Reduction ; Roles of Stakeholders ; Sustainability and Resilience ; Urban Development
    Abstract: In both G20 and non-G20 countries alike, cities have a crucial role to play in the achievement of national development goals. Already, cities generate more than 80 percent of global GDP and, with a share of the global population that is projected to reach nearly 70 percent by 2050, up from the current share of around 57 percent, the global importance of cities will only grow further in the decades ahead. However, whether the cities of tomorrow can fulfil their potential as drivers of national economic development will depend, to a large extent, on how inclusive they are - that is to say, the extent to which they are able to provide all their residents with quality access to services, markets, and spaces. This is because not only is inclusion in and of itself important, but because more inclusive cities are also both more prosperous and more resilient cities. At the same time, many policies that contribute to inclusive urban development carry important co-benefits for both climate change mitigation and adaptation, as well as vice versa. In this context, this report addresses four important questions: (a) What is an inclusive city (b) How inclusive are cities in G20 member and guest countries, as well as in other countries, globally today (c) What instruments should policymakers draw-on to make the cities of tomorrow more inclusive or, to put it more succinctly, what can policymakers do to make their cities more inclusive And, finally, (d) What are the roles of different stakeholders - city leaders and their associated local governments; national governments, including their ministries of finance; the private sector; civil society organizations; and others - in the effective wielding of these instruments or, to put it more bluntly, who needs to do what
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  • 76
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Adaptation ; Climate Change ; Decarbonization ; Development ; Environment ; Resilience
    Abstract: The Azerbaijan Country Climate and Development Report assesses how the country can reduce its vulnerability to climate shocks and the risks emerging from the global low-carbon transition while protecting the living standards of its people and reaping opportunities of a new climate economy. It argues that regardless of the pace of global mitigation efforts, decarbonization is in Azerbaijan's economic self-interest. It highlights that the country faces considerable risks from future physical climate impacts potentially disrupting its sectors like agriculture and others. Finally, the report shows that climate action is affordable if supported by the right set of policies - some of which are already envisaged by the country's 2022-2026 Socio-economic Development Strategy but not yet implemented like a phase-out of fossil fuels subsidies - aimed at catalyzing private sector investment in decarbonization and resilience."
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  • 77
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Keywords: Covid-19 ; Financial Crisis Management and Restructuring ; ICT Applications ; Insurance and Risk Mitigation ; Macroeconomics and Economic Growth ; Poverty Reduction ; Regional Trade ; Sequential Shocks
    Abstract: Since the onset of COVID-19 in 2020, Togo's economy has shown signs of resilience in the face of shocks but efforts to reduce poverty were frustrated and fiscal space depleted. Togo was able to avoid a recession in 2020, with real GDP growth recorded at 2 percent, before rebounding rapidly to 6.0 percent in 2021, thanks in part to a strong counter-cyclical fiscal policy response. Challenges intensified again in 2022 as Russia's invasion of Ukraine contributed to a sharp uptick in energy, fertilizer, and food prices, while global demand decelerated, and financing conditions tightened. However, growth remained robust at 5.8 percent in 2022 as a significant increase in public spending helped counterbalance the adverse impact of weakening export revenues, rising inflation, and decelerating consumer spending. Low-income households were affected by high food price inflation in 2021-22, but the effect on poverty was offset by sustained economic growth and the benefits accruing to poor households dependent on agricultural income. Global headwinds, high domestic inflation, and growing insecurity in the northern Savanes region have prompted the Government to significantly ramp up emergency spending, leading the budget deficit to a three-decade high of 8.3 percent of GDP, from 4.7 percent in 2022
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  • 78
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2163
    Keywords: Anti-Money Laundering ; Biodiversity ; Climate Change ; Climate Smart Agriculture ; Decarbonization ; E-Finance and E-Security ; Energy ; Energy+ ; Environment ; Finance and Financial Sector Development ; Forest Ecosystems ; Green Growth Finance ; High-Income Country ; Integrated Water Resource Management (IWRM) ; Low-Carbon ; Net Zero ; Resilient Cities
    Abstract: This report explores how climate action, in line with Romania's goal of achieving net zero emissions by 2050, interacts with the country's growth and development path. It further suggests priority actions to reduce carbon emissions and build resilience, while supporting inclusive economic growth and poverty reduction. This is the first Climate Country and Development Report (CCDR) to cover a European Union member state and a high-income economy
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  • 79
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2203
    Keywords: Climate Change ; Climate Change Adaptation ; Environment ; Health ; Health, Nutrition and Population ; Human Migrations and Resettlements ; Human Rights ; Threat Mitigation
    Abstract: Climate change has been called the most important threat to human health in the 21st century. It is estimated that if thetemperature rises and its impact on the other climatic variablescontinues unchanged, it will kill more than 83 million people (1 percent of the world's population) in the next 80 years (Wattset al. 2020)-13 times the toll of the COVID-19 pandemic (WorldHealth Organization 2023). Historically, only pandemics or worldwars have posed such threats to human health. As a result, the issue has aroused unprecedented attention. In 2021, the World Health Organization (WHO) declared climate changethe greatest health threat facing humanity (WHO 2021). Now, more than 195 governments have included climate change mitigation and adaptation as pillars in their multi-year plans, and government health sectors have been developing plans tomeasure and respond to the impact of climate change on health. However, recognition of the links between climate change and health remains nascent, so these efforts have not yet been accompanied by strategic and actionable approaches to measure the impacts and ground the responses. This report contributes to addressing that gap by providing a framework for understandingthe impact of climate change on human health in Colombia and by outlining the most effective actions to mitigate the threat
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  • 80
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2119
    Keywords: Debt Indicators ; Education ; Environment ; Fiscal Indicators ; GDP ; GHG ; Health Economics and Finance ; Health Insurance ; Health Monitoring and Evaluation ; Inflation ; Macroeconomics and Economic Growth ; Poverty Indicators ; Poverty Reduction
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North Africa region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 81
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Accommodation and Tourism Industry ; Covid-19 Economic Recovery ; Economic Outlook ; Environment ; GDP Growth ; Industry ; Job Market Diversification ; Poverty Monitoring and Analysis ; Poverty Reduction ; Recent Economic Developments ; Tourism and Ecotourism ; Tourism and Jobs
    Abstract: Economic activity in Uganda is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak. Real GDP growth is estimated to reach 5.7 percent in FY22/23, albeit still below the pre-COVID-19 projection of 6.5 percent. Growth has been supported by a robust post-pandemic recovery in the services sector, bolstered by the rapid growth of information and communications technology. Real estate and construction also performed well, while agriculture suffered from droughts in some regions and heavy rains in others, as well as rising input costs. The recovery of income and employment bolstered demand, while private investment overcame tight domestic and global financial conditions to sustain increases in new exports and manufacturing orders into the third quarter of FY22/23. As growth accelerated, Uganda's per capita income increased to about USD 930 for FY21/22, edging closer to the lower-middle-income threshold
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Drought ; Economic Recovery ; Emigration ; Inflation ; Migration ; Poverty Reduction
    Abstract: Migration will likely become increasingly important for Tunisia in terms of both inflows and outflows, given the demographic transition in both Tunisia and Europe. As such Tunisia can work (also with partner countries) to maximize the benefits of migration. As a country of mainly emigration, Tunisia could help strengthen the match of its emigrants with the demand abroad, including through enhanced cooperation with destination countries. Such cooperation should include focusing international assistance towards development objectives in Tunisia. Based on available evidence, increasing household incomes will contribute to reducing the propensity to consider emigrating through irregular channels. As its importance as a destination country (hence migrants who want to settle in Tunisia) is likely to increase, Tunisia can also enhance the economic benefits from immigrants by facilitating migrants' regular status and streamlining the recognition of their qualifications, which has been identified as one of the key aspects for the successful implementation of bilateral mobility agreements involving skill partnerships
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  • 83
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Environmental Analysis
    Parallel Title: Erscheint auch als Iraq country climate and development report
    Keywords: Umweltschaden ; Klimaänderung ; Auswirkung ; Wirtschaft ; Energiewirtschaft ; Kohlendioxid ; Emissionsverringerung ; Wasserreserve ; Landwirtschaft ; Klimaschutz ; Anpassung ; Strategie ; Entwicklungsmodell ; Resilienz ; Finanzierung ; Adaptation ; Adaptation To Climate Change ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Change Policy and Regulation ; Environment ; Macroeconomics and Economic Growth ; Public Sector Development ; Resilience ; Social Aspects of Climate Change ; Social Development ; Irak ; Green Growth ; Low-carbon ; Energy Transition
    Abstract: The Iraq Country Climate and Development Report (CCDR) is a core WBG analytical product. The report focuses on specific analytical components that are critical to addressing Iraq's most pressing development needs and climate challenges simultaneously. The Iraq CCDR advocates for energy transition as a lever to address Iraq's deep energy sector's inefficiencies and cope with the vulnerabilities of the water-agriculture-poverty nexus. The Iraq CCDR presents a set of prioritized and sequenced policy recommendations, which aim to accelerate Iraq's green, resilient and inclusive development
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  • 84
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Environmental Analysis
    Parallel Title: Erscheint auch als Egypt country climate and development report
    Keywords: Umweltschaden ; Klimaänderung ; Entwicklungsmodell ; Sozioökonomischer Wandel ; Klimaschutz ; Politik ; Anpassung ; Strategie ; Resilienz ; Treibhausgas ; Emissionsverringerung ; Adaptation ; Adaptation To Climate Change ; Carbon Policy and Trading ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Environment ; Macroeconomics and Economic Growth ; Resilience ; Water Resources Management ; Water Supply ; Ägypten ; Policies And Institutions ; Green Growth ; Low-carbon
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  • 85
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Equity and Development ; Gender ; Gender Monitoring and Evaluation ; Poverty ; Poverty Assessment ; Poverty Reduction
    Abstract: The Poverty and Gender Assessment examines the structural challenges to securing a robust and inclusive recovery from the pandemic and sustained progress in poverty reduction and gender equality in The Gambia. It leverages a diverse set of data sources to understand the nature of poverty and household welfare, and highlights constraints to and opportunities for poverty reduction. The report discusses the recent increase in poverty in The Gambia due to the COVID-19 pandemic as well as the important progress registered prior to the pandemic in improving key non-monetary indicators of welfare such as school attendance, maternal and child health, and access to water and electricity. Finally, it presents evidence on the link between education and jobs for men and women, gender disparities in labor market outcomes, and the challenges faced by the agricultural sector during a period of increased climate volatility
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  • 86
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Adaptation To Climate Change ; Carbon Taxes ; Climate Change ; Climate Change Economics ; Climate Change Impacts ; Climate Change Mitigation and Green House Gases ; Climate Change Policy and Regulation ; Environment ; Macroeconomics and Economic Growth ; Public Sector Development ; Resilience
    Abstract: Integrating climate and development is a pillar of the World Bank Group's (WBG) Climate Change Action Plan 2021-25. To advance its implementation, the WBG has launched the Country Climate and Development Report (CCDR). This new, core diagnostic tool analyzes how a country's development goals can be achieved in the context of adapting to, and mitigating against, climate change. As such, the Pakistan CCDR provides analysis and policy recommendations on how to harmonize the country's efforts to achieve further economic growth and lower poverty rates, on the one hand, with the pursuit of a climate-resilient, low-carbon, and equitable development path, on the other. In light of the devastating 2022 heatwaves and floods and the country's vulnerability profile, the CCDR puts a strong emphasis on the need for building long-term resilience. Further, it explores pathways for Pakistan to achieve deep decarbonization by 2050, and eventually reach net-zero emissions by 2070 without undermining its development ambitions. It also provides assessment on technical, financial and institutional and governance frameworks needed for these climate transitions. Most importantly, it attempts to capture the centrality of people in climate policies by assessing how climate risks affect lives and livelihoods, and ways in which governments can build resilience and address poverty, distributional and job impact of climate change and climate actions. Lastly, it sheds lights on ways for Pakistan to galvanize cooperation between public and private sectors and support from international communities
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  • 87
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Environmental Analysis
    Keywords: Adaptation To Climate Change ; Air Pollution ; Climate Change ; Climate Change and Environment ; Energy ; Energy and Environment ; Environment ; Green Issues
    Abstract: Serbia needs to transition to a greener growth model for internal and external reasons. Internally, Serbia's economy is still characterized by low energy and resource productivity, with significant impacts on health and the environment. As a candidate country for EU membership, Serbia also needs to react to external influences by aligning domestic policies with the EU's energy, environment, and climate legislation, while avoiding negative impacts of the EU's planned Carbon Border Adjustment Mechanism (CBAM). This report draws from a rich analysis to provide recommendations on how the transition to greener and more resilient growth in Serbia can begin. First, environmental fiscal reforms are needed to incentivize the adoption of more environmentally friendly technologies. The implementation of carbon pricing will also enable Serbia to proactively prepare for the upcoming EU CBAM. The proceeds of carbon pricing should be reinvested in innovation and education to further accelerate the green transition. Second, institutional frameworks need to be strengthened to support the government in delivering on reforms. Third, sector-specific reforms will need to address important challenges like energy efficiency, air pollution, waste management, water, and wastewater. Importantly, the transition needs to be based on a coherent and adaptive roadmap, which mitigates the risks of 'brown' growth, protects those adversely impacted, and ensures an equitable distribution of the benefits of increased growth
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  • 88
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Adaptation ; Adaptation To Climate Change ; Climate Change ; Climate Change and Environment ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Change Policy and Regulation ; Environment ; Macroeconomics and Economic Growth ; Public Sector Development
    Abstract: Climate change poses major risks for development in the Philippines. Climate shocks, whether in the form of extreme weather events or slow-onset trends, will hamper economic activities, damage infrastructure, and induce deep social disruptions. Adaptation to the risks of climate change, including both extreme events and slow-onset problems, is thus critical for the Philippines. Policy inaction would impose substantial economic and human costs, especially for the poor. Adaptation cannot eliminate the costs of climate change, but it can substantially reduce them. Many adaptation responses also contribute to mitigation; conversely, many mitigation measures generate local co-benefits, such as reduced air pollution. Although the Philippines is a relatively low emitter of greenhouse gas (GHG), it can contribute to global mitigation efforts through an energy transition, including a shift away from coal. The investment costs of such adaptation measures and an energy transition are substantial but not out of reach. The Philippines Country Climate and Development Report (CCDR) comprehensively analyzes how climate change will affect the country's ability to meet its development goals and pursue green, resilient, and inclusive development. The CCDR helps identify opportunities for climate action by both the public and private sectors and prioritizes the most urgent development challenges impacted by climate change in the Philippines
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  • 89
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Economy Growth ; Exports ; Fiscal Revenues ; International Economics and Trade ; Natural Resources ; Poverty Reduction
    Abstract: Over-reliance on natural resources has held back diversification of Gabon's economy, as growth, exports, and fiscal revenues are still largely dependent on extractives. Despite Gabon's abundant natural resources, growth has been slow to reduce poverty. In the context of dual shocks from low oil prices and the COVID-19 pandemic in 2020, government authorities committed to fiscal consolidation, structural reforms, and economic diversification as part of the Accelerated Transformation Plan (PAT). In addition, at their exceptional summit in August 2021, the Economic and Monetary Community of Central Africa (CEMAC) heads of state provided a strong political endorsement for structural reforms, with emphasis on improved management of public funds and governance, business environment reforms, and regional integration of human capital. This Country Economic Memorandum (CEM) is framed along the new reforms supported by the CEMAC heads of state to achieve faster, more inclusive, and sustainable growth. In this CEM, the green economy is viewed as an opportunity for Gabon to position itself as a champion. Economic transformation is necessary to find a better, sustainable model for job creation: reinforcing labor supply through better skills and job-search training, and creating economic opportunities in a more conducive environment for investment and trade. This CEM aims at supporting policy makers in their reform efforts. Their goal is to help Gabon, a small economy of 2.3 million people, break free from its resource-dependent growth model and create the conditions to move people into jobs in promising green sectors
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  • 90
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; Domestic Economic Sectors ; Global Economic Headwinds ; Inflation ; International Economics and Trade ; Poor Households ; Poverty Reduction
    Abstract: While recovering from Coronavirus (COVID-19),Cambodia's economy is now facing global economic headwinds. The current account improved in the first half of 2022 as the trade deficit narrowed. Rising global energy, fertilizer and food prices prompted a surge in inflation. Rising inflation is particularly harmful to poor households. To mitigate impacts of the food and oil price shock, the authorities are planning to introduce additional social assistance measures, while extending the existing COVID19 cash transfer program until end-2022. Promoting the domestic economic sectors, focusing on the travel, tourism, and hospitality industries should help partly offset the deterioration of external demand conditions. And successful facilitation of coherent private sector leadership of the sector should help create a "crowding-in" effect, anchored to comprehensive long-term plans, catalyzed by public seed funding. It is equally important to address supply chain constraints, which include high logistics and transportation costs to boost export
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  • 91
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Business Cycles and Stabilization Policies ; Coronavirus ; COVID-19 ; Economic Growth ; Economic Recovery ; Fiscal and Monetary Policy ; Inequality ; Macroeconomics and Economic Growth ; Poverty Reduction
    Abstract: Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflation. The government's continued fiscal expansion is also providing support to the economy. Regional integration offers significant benefits for Rwanda, including greater potential for scale economies, opportunities for learning to export and produce higher-quality goods, and cooperation to improve trade facilitation. Regional trade will be enhanced by boosting trade with non- East African Community (EAC) members. The African continental free trade area (AfCFTA) can boost growth and trade integration. The development of Rwanda as a regional logistics hub, serving as an intermediating node between the East and Central Africa regions offers prospects to increase revenues and generate efficiency gains through the concentration of logistics services. The white paper on logistics and distribution services strategy for Rwanda, prepared with the support of the World Bank, laid out a two-phase strategy for the rollout of Rwanda as regional logistic hub. This involved: (i) improving the efficiency of Rwanda's role as a land-bridge for re-exports to Goma in Democratic Republic of Congo (DRC); and (ii) establishing a regional logistics hub in Rwanda linked to a primary multi-modal hub at Kisangani and a secondary multi-modal hub at Kindu
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  • 92
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Climate Change ; Climate Change and Environment ; Climate Change Mitigation and Green House Gases ; Environment ; Environmental Economics and Policies ; Natural Resources Management ; Social Accountability ; Social Development
    Abstract: The purpose of this report is to raise awareness and initiate a discussion on the need for sovereign sustainability reporting. The proposed sovereign climate and nature reporting framework would assist sovereigns looking to attract investment by enabling them to produce comprehensive, regular, standardized, and, eventually, forward-looking disclosures of their climate- and nature related risks and opportunities. Sovereign reporting would help meet the needs of investors who are increasingly requesting such disclosures for all asset classes in their portfolios so that they can measure portfolio alignment with the Paris Agreement. This report discusses five fundamental questions regarding sovereign climate and nature reporting: (a) why is a sovereign reporting framework needed;(b) what is required to develop a reporting framework for sovereigns; (c) how is materiality important in driving a reporting framework for sovereigns; (d) what is the potential for unintended consequences; and (e) what are the recommended next steps to develop and implement a reporting framework for sovereigns Sovereign reporting needs its own approach and framework. A customized approach suited to the specifics of sovereign reporting is recommended. This could build on the core elements and underlying principles of existing corporate-focused frameworks such as the Taskforce for Climate-related Financial Disclosure (TCFD). Other frameworks such as context-based performance accounting and reporting frameworks and environmental economic approaches could also be drawn upon, such as the UN System for Environmental Economic Accounting (SEEA) framework. Annex A to this report presents a draft example of a sovereign climate and nature risk and opportunities reporting framework as a starting point for discussion (noting that it is not intended as a fully developed template or blueprint)
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  • 93
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Carbon Emissions ; Climate Change ; Climate Change Mitigation and Green House Gases ; Environment ; Environmental Disasters and Degradation ; Export Competitiveness ; Trade Policy
    Abstract: The Twenty-sixth United Nations Climate Change Conference (COP26) was held in early November 2021 in Glasgow, Scotland, at which Vietnam's Prime Minister, Pham Minh Chinh, pledged once again that Vietnam would be part of the global climate change solution. The country aims to increase the share of clean energy in its total primary energy supply to at least 20 percent by 2030 and 30 percent by 2045 and has pledged to phase out coal-fueled power generation and made a commitment to reach net zero emissions by 2050. Trade can be a central part of the solution to climate change Vietnam is experiencing and will have to deal with in years to come. Green trade or cleaner trade, trade in environmental or environmentally friendly goods can help Vietnam achieve not only its climate commitments but also its development ambition to become a high-income economy by 2045 as set out in the 2021-2030 Social Economic Development Strategy (SEDS). This edition of Taking Stock reviews the recent developments in the Vietnamese economy and discusses the economy's short- to medium-term prospects, highlighting domestic and external risks associated to the COVID-19 pandemic. The second part of the report elaborates on how Vietnam can harness the impacts of climate change on its trade sector, address challenges and take advantage of new opportunities
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  • 94
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation To Climate Change ; Carbon Policy and Trading ; Climate Change ; Climate Change Mitigation and Green House Gases ; Computable General Equilibrium ; Economic Growth ; Economic Theory and Research ; Environment ; Global Warming ; Macroeconomics and Economic Growth
    Abstract: Policymakers in developing countries face multiple challenges related to climate change. To provide policymakers with reliable recommendations on a variety of climate related policies, the WBG has a diverse and complementary set of models. The analytics range from evaluating the aggregate, sectoral, and welfare effects of mitigation measures to assessing country-specific adaptation needs, considering the impacts of extreme weather events as well as gradual global warming. Key indicators include macroeconomic outcomes, sectoral indicators, co-benefits and poverty and distributional issues. This report summarizes the range of climate and development issues addressed by each model in the WBG suite, revealing both strengths and limitations of individual models, as well as the complementarity among models
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  • 95
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Access of Poor To Social Services ; Anticorruption ; Business Environment ; Energy Security ; Financial Sector ; Fiscal Sustainability ; Foreign Direct Investment ; Governance ; Labor Market ; National Governance ; Poverty Reduction ; Public Sector Development ; Public Sector Management and Reform ; Social Protections and Assistance ; Social Protections and Labor ; Water Resource Management
    Abstract: Moldova's policy priorities and key actions going forward: Strengthening the capacity and governance of public administration; Strengthening the judiciary and the fight against corruption; Supporting a resilient recovery while safeguarding fiscal sustainability; Building fiscal resilience at the subnational level with land administration and property registration and valuation; Enhancing labor markets and addressing COVID-19 challenges; Achieving a sustainable social protection system; Improving the efficiency and resilience of health service delivery; Strengthening environment protection and disaster risk management; Water resource management; Increasing resilience and competitiveness of agriculture; Enhancing the business environment and market competition; Fostering SMEs and strengthening FDI linkages; Enhancing financial sector stability and governance; Strengthening education outcomes and skills; Expanding inclusive digital development opportunities; Multimodal transport and logistics; and Addressing energy security and sustainability
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  • 96
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Systematic Country Diagnostics
    Keywords: Climate Change and Environment ; Climate Change and Health ; Education ; Educational Sciences ; Environment ; Gender ; Inequality ; Poverty Reduction ; Science and Technology Development ; Science of Climate Change
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  • 97
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Development Patterns and Poverty ; Economic Forecasting ; Macroeconomics and Economic Growth ; Poverty Assessment ; Poverty Monitoring and Analysis ; Poverty Reduction
    Abstract: This edition of the Macro Poverty Outlooks periodical contains 203 country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for developing countries. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita - and where available - other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country
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  • 98
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: AFCFTA ; African Continental Free Trade Area ; Non-Tariff Barriers ; Poverty Reduction ; Trade Facilitation
    Abstract: The Ugandan economy will need to grow rapidly, sustainably, and broadly (i.e., in a shared manner), to reach middle-income status, lift its population out of poverty, and generate enough jobs for one of the fastest growing populations in the world. To do so, the country needs to unlock its growth potential by allocating productive factors to their most efficient uses. However, like many least developing countries, Uganda suffers from a small domestic market and distortions, which leads to misallocation of resources. As a result, international trade will play a critical role in solving some of the current challenges faced by the Ugandan economy and ultimately boosting economic growth and development. For Uganda, greater integration into global value chains will be crucial to create jobs outside of subsistence agriculture and the informal economy. Sustained growth in trade will also increase consumer welfare by expanding options and lowering prices of consumer goods. Regional trade agreements can help Uganda diversify its range of markets and products, mitigating the risk of external shocks by lessening dependence on any single trading partner. Greater intra-African trade also offers opportunities to add more value to export commodities and to leverage the potential of agribusiness to promote inclusive growth. The African Continental Free Trade Area (AfCFTA) offers opportunities for Uganda to deepen its access to regional markets and exploit the growth potential of the region. Expanding regional and continental trade offers significant benefits for Uganda, including potential economies of scale, new export opportunities, access to higher levels of the value chain, and forums to improve trade facilitation. However, non-tariff barriers continue to limit trade, including the discriminatory use of technical regulations, non-harmonized sanitary and phytosanitary requirements, and complex rules of origin. Security challenges such as the closure of the border between Rwanda and Uganda in 2019 has also constrained regional integration. To benefit fully from the AfCFTA, Uganda and her neighbors will need to overcome hurdles that have long weakened the effectiveness of existing regional arrangements by facilitating better trade through improved logistics, infrastructure, addressing non-tariff barriers and avoiding the politically motivated trade barriers like border closures
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  • 99
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Adaptation To Climate Change ; Climate Change ; Climate Change Economics ; Climate Change Impacts ; Climate Change Mitigation and Green House Gases ; Climate Change Policy and Regulation ; Environment ; Macroeconomics and Economic Growth ; Public Sector Development
    Abstract: In Jordan, natural resource scarcity and import dependence mean pronounced climate change impacts are inevitable and adapting to climate change is a pressing development priority. A new World Bank diagnostic tool, The Country Climate and Development Report explores the linkages between climate and development and identifies priority actions to build resilience and reduce carbon emissions, while supporting economic growth and reducing poverty. The report indicates that Jordan's trajectory in meeting its climate and development goals will be largely determined by policy and investment choices in five strategic sectors - water, energy, agriculture, transport and urban development. The transformation of those sectors towards a resilient and low carbon path would need to be closely coordinated along two nexuses to maximize co-benefits and to reduce potentially negative socio-economic impacts: the water-energy-food security nexus, in a context of extreme water scarcity and pressing adaptation needs, and the urban-transport-energy nexus, which is at the core of the shift towards a low-carbon growth path. Jordan will need to use a combination of avenues to leverage financing for priority climate action. Selected policy reforms to improve the management of public investment in key sectors, attract and leverage private sector financing, incentivize end-users and change behaviors, and ensure greater engagement of the financial sector will all be essential for the achievement of Jordan's climate priorities. Equally important will be the identification of additional financing for priority investments, without which the country's climate commitments may remain out of reach
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  • 100
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; Credit To Private Sector ; Global Commodity Market Shock ; International Economics and Trade ; Pandemic ; Poverty Reduction ; Promoting Vaccination ; Robust Growth
    Abstract: Kenya's rebound from the pandemic continued in 2022. Driven by broad-based increases in services and industry, real Gross Domestic Product (GDP) increased by 6.0 percent Year-on-Year (y/y) in the first half (H1) of 2022. However, the agriculture sector contracted by 1.5 percent during thesame period, and with the sector contributing almost one fifth of GDP, its poor performance pulled back GDP growth by 0.3 percentage points. Notwithstanding the strong y/y creases, GDP has seen a marked sequential slowdown since the 2021 third quarter (Q3) as base effect dissipatedand business confidence weakened because of the global commodity market shock, a long regional drought and domestic political uncertainty in the run up to the August 2022 general elections. Business confidence however picked up in the wake of a smooth transition of power following a largely peaceful presidential election. Kenya's growth prospects remain bright; however, emerging shocks are challenging the broad-based rebound. Thebaseline assumes robust growth of credit to private sector, contained COVID-19 infections, and high commodity prices favorable for Kenyan exports to boost Kenya's growth in the medium term. However, the ongoing shocks, including the long drought in arid and semi-arid areas, rising inflation, and tighter global financial conditions, create challenges for Kenya to sustain its recovery
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