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  • Foster, Vivien
  • International Finance Corporation
  • Timilsina, Govinda R.
  • Washington, D.C : The World Bank  (11)
  • Macroeconomics and Economic Growth  (11)
  • 1
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Private Sector Development, Privatization, and Industrial Policy
    Schlagwort(e): Business Environment ; Climate Change ; Climate Change Economics ; COVID-19 ; Economic Growth ; Energy ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Private Sector Economics ; Water
    Kurzfassung: Diamonds have been at the center of Botswana's growth miracle for decade - but the urgency to diversify is stronger than ever. Although Botswana's economy has undergone transformation over the past decades, the shift has been largely into non-tradable services, with limited gains in employment, income equality, and export diversification. In addition, Botswana's high vulnerability to climate change, which affects all major sectors of the economy, underscores the need to strengthen Botswana's response to climate factors as a basis for renewed, sustainable growth. A positive growth outlook and steps taken as part of the Coronavirus disease 2019 (COVID-19) crisis response should give the government new impetus to accelerate reforms. Success in diversifying the economy will depend on the decisive implementation of structural measures to increase private sector participation in nonmineral exports and transformative sectors. The dominant role that the government of Botswana still plays in large parts of the economy, particularly through its footprint as a shareholder in companies in the corporate sector, is a critical constraint that inhibits the entry and success of private sector participants. Gaps in infrastructure, access to finance, and skills are additional key constraints to employment and productivity growth. A coordinated approach to financing entrepreneurship and policies to increase uptake of digital finance can help close the gap. Trade barriers are another key cross-cutting constraint for the private sector, and a greener path for the economy can be unlocked by facilitating improved trade in environmental goods and services (EGS). Three key recommendations for the energy sector are as follows. The first recommendation is the fast tracking of instruments to facilitate investment in energy infrastructure development, including independent power producer (IPP) licensing, and procurement guidelines and processes. The second recommendation is the enhancement of the institutional capacity and governance model of the Botswana Energy Regulatory Authority (BERA). The third recommendation is the development of credit-enhancement and risk-mitigation strategies and supporting instruments to attract and mobilize private sector investment
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  • 2
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Women in Development and Gender Study
    Schlagwort(e): Access To Finance ; Finance and Financial Sector Development ; Gender ; Gender and Economic Policy ; Gender Monitoring and Evaluation ; Macroeconomics and Economic Growth ; Private Sector Development
    Kurzfassung: Nigeria is the largest economy in Africa, and it is projected to have the fifth largest population in the world by 2026. The gender gap is particularly acute in Nigeria, and three market failures stand out: (1) a persistent gender gap at the company leadership level; (2) lack of access to finance for women who want to start a business; and (3) women's limited access to markets through supply chains and procurement opportunities. The International Finance Corporation (IFC) and Nigerian Exchange Limited (NGX) have joined forces to rally some of the largest Nigerian companies to increase women's participation in private sector development. Through the Nigeria2Equal initiative, IFC is working with the chief executive officers (CEOs) of companies listed on NGX that are committed to implementing gender-smart solutions to reduce gender gaps across leadership, employment, and entrepreneurship. Through the Nigeria2Equal initiative, IFC is working with the chief executive officers (CEOs) of companies listed on NGX that are committed to implementing gender-smart solutions to reduce gender gaps across leadership, employment, and entrepreneurship. By conducting market research and publishing studies such as this report, IFC is establishing the business case for the private sector to invest in women in Nigeria, and are helping companies to identify gaps and constraints, and invest in reducing those gaps
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  • 3
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Schlagwort(e): Business Cycles and Stabilization Policies ; Coronavirus ; COVID-19 ; Disease Control and Prevention ; Emerging Markets ; Gender ; Health, Nutrition and Population ; Insurance ; Macroeconomics and Economic Growth ; Private Sector Development ; Private Sector Economics ; Trade
    Kurzfassung: Coronavirus disease 2019 (COVID-19), which began as a health crisis in early 2020, has rapidly evolved to become an unprecedented economic crisis affecting global, national, and regional economies and billions of individuals around the world. This report analyzes the widespread implications of the crisis on industry sectors, businesses, individuals, families, and communities. It closely examines evidence and data from business sectors and segments of society that may face challenging paths to recovery, including the most vulnerable firms and individuals in emerging markets that are likely to experience continuing hardship and specific difficulties coping with the crisis. And it highlights opportunities for the private sector to respond, to support a vigorous recovery and to build back better. The first section of the report, chapters 1 to 5 addresses issues that cut across sectors, as well as ways the development community can join with the private sector to help impacted communities and sectors recover and rebuild. The second section, chapters 6 to 9 focus on sector-specific responses to the crisis. The final section, chapters 10 to 12 attends to gender inequities, how they have been aggravated by the crisis, and potentially effective remedies
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  • 4
    Sprache: Englisch
    Seiten: 1 Online-Ressource (40 pages)
    Paralleltitel: Erscheint auch als Print Version: Foster, Vivien Understanding Drivers of Decoupling of Global Transport CO2 Emissions from Economic Growth: Evidence from 145 Countries
    Schlagwort(e): Carbon Dioxide Emissions ; Climate Change Mitigation ; Climate Change Mitigation and Green House Gases ; Economic Growth ; Energy ; Energy Demand ; Environment ; Greenhouse Gas Emissions ; Macroeconomics and Economic Growth ; Transportation Sector
    Kurzfassung: This paper examines the extent to which countries have succeeded in decoupling transport emissions from economic growth, and how changes in emissions intensity, economic growth, and population growth have contributed to changes in transportation-related emissions. The paper employs a modified version of the Tapio decoupling model, and demonstrates that over the 1990-2018 study period only 12 of 145 countries achieved "absolute decoupling," defined as reducing emissions while growing gross domestic product. The majority of the top emitters remain in a "relative decoupling" state, with emissions growing more slowly than gross domestic product. Many of the middle- and low-income countries have not achieved decoupling; their emissions are growing as fast as or faster than gross domestic product. To understand the driving factors of transport-related carbon emissions, the paper conducts index-decomposition and an econometric analysis. The results reveal that while transportation emission intensity has declined in most countries, economic growth and population growth have offset these declines. If these patterns continue, achieving the goals of the Paris Agreement with improvements in efficiency alone seems unrealistic. The paper also shows evidence that higher energy prices are associated with strong emissions reduction
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  • 5
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Agricultural Study
    Schlagwort(e): Agribusiness ; Agricultural Sector Economics ; Agriculture ; Macroeconomics and Economic Growth
    Kurzfassung: In recent years, there has been a growing interest in investments from the government, development partners and the private sector in integrated development/growth corridors and other spatial development initiatives, where coordinated investments in transport infrastructure, power, communications and markets are expected to create conditions to unleash Papua New Guinea's undoubted agricultural potential. Growth corridor strategies are increasingly invoked to coordinate public and private investment around strategic backbone infrastructure in developing countries. Investments in soft and hard infrastructure to promote investment in processing zones or out-grower schemes and facilitate multi-stakeholder dialogue aim to overcome coordination failures and bottlenecks related to market linkages or producer-relations to secure supply chains. This paper discusses the model of growth corridors as a tool for inclusive agricultural development in Papua New Guinea. It provides corridor and other spatial development approaches in terms of i) their geographical scope, ii) their objectives and iii) their governance mechanisms, the driving force behind the corridor initiative. Finally, it analyzes the potential and the needs of how the Markham and Ramu valleys can be a role model for an agricultural transformation in Papua New Guinea
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  • 6
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Investment Climate Assessment
    Schlagwort(e): Information and Communication Technologies ; Macroeconomics and Economic Growth ; Telecommunications
    Kurzfassung: The expansion of telecommunications services to unserved and underserved areas is key to reduce the digital connectivity gap. In order to do so, it is important to explore innovative and cost-efficient technologies and business models. Telecom Energy Services Company (TESCOs) offer solutions for powering and managing telecom companies' networks in off-grid and bad-grid areas in chapter one. International Finance Corporation (IFC) is seeking to contribute to the growth and development of innovative solution providers for telecom sites located in areas with little to no access to electricity by providing insights into the growth perspectives of the TESCO market globally in chapters two and three. IFC presents a market segmentation framework based on current business models in chapter four. The report then examines the typical commercial arrangements and key drivers which influence the bankability of TESCOs in chapter five. IFC also estimates the total amount of financing needed in order to address the pressing need for connectivity in unserved and underserved areas and acts as a call to action to stakeholders in the industry and in the financing community to work towards bridging this important connectivity gap. The five sections covered in this report represent the key dimensions required to assess the investment opportunity for TESCOs
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  • 7
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Women in Development and Gender Study
    Schlagwort(e): Gender ; Gender and Economic Policy ; Macroeconomics and Economic Growth ; Private Sector Development ; Small and Medium Size Enterprises
    Kurzfassung: Small and medium enterprises (SMEs) make up a large part of Kenya's economy, accounting for approximately 98 percent of all businesses. SMEs are found in all sectors of the economy, they are estimated to contribute about 80 percent of total employment in Kenya, and they play a central role in Kenya's economic growth. Women's ownership of formal SMEs is low, comprising only about one third of registered SMEs. Women-owned and led SMEs (WSMEs) face structural barriers in growing their businesses due to their limited access to: finance, business networks and connections, and market information. Consequently, these barriers limit WSMEs' ability to access new markets, such as procurement contracts with private sector Buyers. In 2020, IFC established Sourcing2Equal, a global program that aims to connect 5,000 WSMEs to private procurement opportunities by 2023. The first project under the program is in Kenya. This report examines the barriers that Kenyan SMEs face in accessing private procurement contracts, and if there are differences based on whether companies are owned by women, men, or owned jointly by women and men. Analysis of survey data from 571 SMEs, and interviews with 14 corporate Buyers in Kenya, provide unique data on gender gaps in the participation of SMEs in corporate supply chains, and it reveals emerging practices that are aiming to increase the procurement of goods and services from WSMEs. The sample of formally registered SMEs was selected from a defined population in business membership organizations' databases, rather than from a national census dataset. Due to the potential risk of homogeneity in the sample, the statistically significant results of this study should not be assumed to be representative of the whole SME population
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  • 8
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (31 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Timilsina, Govinda R A General Equilibrium Analysis of Demand Side Management Programs Under The Clean Development Mechanism of The Kyoto Protocol
    Schlagwort(e): Clean energy ; Climate Change ; Climate change ; Cost of electricity ; Economic Theory and Research ; Electric utilities ; Electricity savings ; Emission ; Energy ; Energy Production and Transportation ; Energy and Environment ; Energy conservation ; Energy prices ; Environment ; Environment and Energy Efficiency ; Environmental consequences ; Macroeconomics and Economic Growth ; Price of electricity ; Clean energy ; Climate Change ; Climate change ; Cost of electricity ; Economic Theory and Research ; Electric utilities ; Electricity savings ; Emission ; Energy ; Energy Production and Transportation ; Energy and Environment ; Energy conservation ; Energy prices ; Environment ; Environment and Energy Efficiency ; Environmental consequences ; Macroeconomics and Economic Growth ; Price of electricity ; Clean energy ; Climate Change ; Climate change ; Cost of electricity ; Economic Theory and Research ; Electric utilities ; Electricity savings ; Emission ; Energy ; Energy Production and Transportation ; Energy and Environment ; Energy conservation ; Energy prices ; Environment ; Environment and Energy Efficiency ; Environmental consequences ; Macroeconomics and Economic Growth ; Price of electricity
    Kurzfassung: This paper analyzes the economic and environmental consequences of a potential demand side management program in Thailand using a general equilibrium model. The program considers replacement of less efficient electrical appliances in the household sector with more efficient counterparts. The study further examines changes in the economic and environmental effects of the program if it is implemented under the clean development mechanism of the Kyoto Protocol, which provides carbon subsidies to the program. The study finds that the demand side management program would increase economic welfare if the ratio of unit cost of electricity savings to price of electricity is 0.4 or lower even in the absence of the clean development mechanism. If the program's ratio of unit cost of electricity savings to price of electricity is greater than 0.4, registration of the program under the clean development mechanism would be needed to achieve positive welfare impacts. The level of welfare impacts would, however, depend on the price of carbon credits the program generates. For a given level of welfare impacts, the registration of the demand side management program under the clean development mechanism would increase the volume of emission reductions
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  • 9
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (52 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Timilsina, Govinda R The Role of Revenue Recycling Schemes In Environmental Tax Selection
    Schlagwort(e): Carbon Tax ; Carbon Taxes ; Debt Markets ; Energy ; Energy Production and Transportation ; Energy Tax ; Environment ; Environment and Energy Efficiency ; Environmental Tax ; Environmental Taxes ; Finance and Financial Sector Development ; Income Tax ; Levies ; Levy ; Macroeconomics and Economic Growth ; Tax Rates ; Tax Revenue ; Taxation and Subsidies ; Transport ; Transport Economics, Policy and Planning ; Carbon Tax ; Carbon Taxes ; Debt Markets ; Energy ; Energy Production and Transportation ; Energy Tax ; Environment ; Environment and Energy Efficiency ; Environmental Tax ; Environmental Taxes ; Finance and Financial Sector Development ; Income Tax ; Levies ; Levy ; Macroeconomics and Economic Growth ; Tax Rates ; Tax Revenue ; Taxation and Subsidies ; Transport ; Transport Economics, Policy and Planning ; Carbon Tax ; Carbon Taxes ; Debt Markets ; Energy ; Energy Production and Transportation ; Energy Tax ; Environment ; Environment and Energy Efficiency ; Environmental Tax ; Environmental Taxes ; Finance and Financial Sector Development ; Income Tax ; Levies ; Levy ; Macroeconomics and Economic Growth ; Tax Rates ; Tax Revenue ; Taxation and Subsidies ; Transport ; Transport Economics, Policy and Planning
    Kurzfassung: This study examines the roles of revenue recycling schemes for the selection of alternative tax instruments (i.e., carbon-, sulphur-, energy- and output-tax) to reduce CO2 emissions to a specified level in Thailand. A static, single period, multi-sectoral computable general equilibrium (CGE) model of the Thai economy has been developed for this purpose. This study finds that the selection of a tax instrument to reduce CO2 emissions would be significantly influenced by the scheme to recycle the tax revenue to the economy. If the tax revenue is recycled to finance cuts in the existing labour or indirect tax rates, carbon tax would be more efficient than the sulphur-, energy- and output-taxes to reduce CO2 emissions. On the other hand, if the tax revenue is recycled to households through a lump-sum transfer, sulphur and carbon taxes would be more efficient than energy and output taxes. The ranking between the sulphur and carbon taxes under the lump sum transfer scheme depends on substitution possibility of fossil fuels. Sulphur tax is found superior over carbon tax at the higher substitution possibility between fossil fuels; the reverse is found true at the lower substitution possibility. In all schemes of revenue recycling considered, the output tax is found to be the most costly (i.e., in welfare terms) despite the fact that it generates two to three times higher revenue than the other tax instruments
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  • 10
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (40 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Halpern, Jonathan Designing Direct Subsidies for Water and Sanitation Services Panama
    Schlagwort(e): Access To Cred Administrative Cost ; Administrative Costs ; Beneficiaries ; Beneficiary ; Check ; Customers ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Financial Sustainability ; Gender ; Gender and Law ; Housing Subsidy ; Interest ; Investments ; Law and Development ; Macroeconomics and Economic Growth ; Population ; Poverty Reduction ; Private Sector Development ; Rural Development ; Rural Poverty Reduction ; Subsidies ; Subsidization ; Subsidy ; Subsidy Payments ; Tax Law ; Taxation and Subsidies ; Total Costs ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Urban Water Supply and Sanitation ; Water Subsidies ; Water Subsidy ; Water Supply and Sanitation ; Worth ; Access To Cred Administrative Cost ; Administrative Costs ; Beneficiaries ; Beneficiary ; Check ; Customers ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Financial Sustainability ; Gender ; Gender and Law ; Housing Subsidy ; Interest ; Investments ; Law and Development ; Macroeconomics and Economic Growth ; Population ; Poverty Reduction ; Private Sector Development ; Rural Development ; Rural Poverty Reduction ; Subsidies ; Subsidization ; Subsidy ; Subsidy Payments ; Tax Law ; Taxation and Subsidies ; Total Costs ; Town Water Supply and Sanitation ; Transport ; Transport Economics, Policy and Planning ; Urban Water Supply and Sanitation ; Water Subsidies ; Water Subsidy ; Water Supply and Sanitation ; Worth
    Kurzfassung: May 2000 - An alternative to traditional subsidies for water and sanitation services is direct subsidies - funds governments provide to cover part of the water bill for households that meet certain criteria. Issues associated with such a subsidy are analyzed through a case study of Panama. As an alternative to traditional subsidy schemes in utility sectors, direct subsidy programs have several advantages: they are transparent, they are explicit, and they minimize distortions of the behavior of both the utility and the customers. At the same time, defining practical eligibility criteria for direct subsidy schemes is difficult and identifying eligible households may entail substantial administrative costs. Foster, Gomez-Lobo, and Halpern, using a case study from Panama, discuss some of the issues associated with the design of direct subsidy systems for water services. They conclude that: · There is a need to assess - rather than assume - the need for a subsidy. A key test of affordability, and thus of the need for a subsidy, is to compare the cost of the service with some measure of household willingness to pay. · The initial assessment must consider the affordability of connection costs as well as the affordability of the service itself. Connection costs may be prohibitive for poor households with no credit, suggesting a need to focus subsidies on providing access rather than ongoing water consumption. · A key issue in designing a direct subsidy scheme is its targeting properties. Poverty is a complex phenomenon and difficult to measure. Eligibility must therefore be based on easily measurable proxy variables, and good proxies are hard to find. In choosing eligibility criteria for a subsidy, it is essential to verify what proportion of the target group fails to meet the criteria (errors of exclusion) and what proportion of nontarget groups is inadvertently eligible for the benefits (errors of inclusion). · Administrative costs are roughly the same no matter what the level of individual subsidies, so a scheme that pays beneficiaries very little will tend not to be cost-effective. It is important to determine what proportion of total program costs will be absorbed by administrative expenses. · Subsidies should not cover the full cost of the service and should be contingent on beneficiaries paying their share of the bill. Subsidies for consumption above a minimum subsistence level should be avoided. Subsidies should be provided long enough before eligibility is reassessed to avoid poverty trap problems. · The utility or concessionaire can be helpful in identifying eligible candidates because of its superior information on the payment histories of customers. It will also have an incentive to do so, since it has an interest in improving poor payment records. Thought should therefore be given at the design stage to the role of the service provider in the implementation of the subsidy scheme. · The administrative agency's responsibilities, the sources of funding, and the general principles guiding the subsidy system should have a clear legal basis, backed by regulations governing administrative procedures. · To reduce administrative costs and avoid duplication of effort, it would be desirable for a single set of institutional arrangements to be used to determine eligibility for all welfare and subsidy programs in a given jurisdiction, whether subnational or national. This paper - a product of the Finance, Private Sector, and Infrastructure Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to evaluate and disseminate lessons of experience in designing policies to improve the quality and sustainability of infrastructure services and to enhance access of the poor to these basic services. The authors may be contacted at vfosterworldbank.org or jhalpern@worldbank.org
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 11
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (46 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Halpern, Jonathan Information and Modeling Issues in Designing Water and Sanitation Subsidy Schemes
    Schlagwort(e): Administrative Procedures ; Consumption ; Consumption ; Consumption Patterns ; Cred Demand ; E-Business ; Economic Theory and Research ; Empirical Analysis ; Environment ; Environmental Economics and Policies ; Finance and Financial Sector Development ; Financial Literacy ; Incentives ; Income ; Information ; Macroeconomics and Economic Growth ; Need ; Options ; Poverty ; Private Sector Development ; Revenue ; Standards ; Subsidies ; Tariffs ; Town Water Supply and Sanitation ; Values ; Water ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Use ; Willingness To Pay ; Wtp ; Administrative Procedures ; Consumption ; Consumption ; Consumption Patterns ; Cred Demand ; E-Business ; Economic Theory and Research ; Empirical Analysis ; Environment ; Environmental Economics and Policies ; Finance and Financial Sector Development ; Financial Literacy ; Incentives ; Income ; Information ; Macroeconomics and Economic Growth ; Need ; Options ; Poverty ; Private Sector Development ; Revenue ; Standards ; Subsidies ; Tariffs ; Town Water Supply and Sanitation ; Values ; Water ; Water Conservation ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Use ; Willingness To Pay ; Wtp
    Kurzfassung: May 2000 - Evaluating design alternatives is a first step in introducing optimal water subsidy schemes. The definition of appropriate targeting criteria and subsidy levels needs to be supported by empirical analysis, generally an informationally demanding exercise. An assessment carried out in Panama revealed that targeting individual households would be preferable to geographically based targeting. Empirical analysis also showed that only a small group of very poor households needed a subsidy to pay their water bill. In designing a rational scheme for subsidizing water services, it is important to support the choice of design parameters with empirical analysis that simulates the impact of subsidy options on the target population. Otherwise, there is little guarantee that the subsidy program will meet its objectives. But such analysis is informationally demanding. Ideally, researchers should have access to a single, consistent data set containing household-level information on consumption, willingness to pay, and a range of socioeconomic characteristics. Such a comprehensive data set will rarely exist. G-mez-Lobo, Foster, and Halpern suggest overcoming this data deficiency by collating and imaginatively manipulating different sources of data to generate estimates of the missing variables. The most valuable sources of information, they explain, are likely to be the following: · Customer databases of the water company, which provide robust information on the measured consumption of formal customers but little information on unmeasured consumption, informal customers, willingness to pay, or socioeconomic variables. · General socioeconomic household surveys, which are an excellent source of socioeconomic information but tend to record water expenditure rather than physical consumption. · Willingness-to-pay surveys, which are generally tailored to a specific project, are very flexible, and may be the only source of willingness-to-pay data. However, they are expensive to undertake and the information collected is based on hypothetical rather than real behavior. Where such surveys are unavailable, international benchmark values on willingness to pay may be used. Combining data sets requires some effort and creativity, and creates difficulties of its own. But once a suitable data set has been constructed, a simulation model can be created using simple spreadsheet software. The model used to design Panama's water subsidy proposal addressed these questions: · What are the targeting properties of different eligibility criteria for the subsidy? · How large should the subsidy be? · How much will the subsidy scheme cost, including administrative costs? Armed with the above information, policymakers should be in a position to design a subsidy program that reaches the intended beneficiaries, provides them with the level of financial support that is strictly necessary, meets the overall budget restrictions, and does not waste an excessive amount of funding on administrative costs. This paper - a product of the Finance, Private Sector, and Infrastructure Sector Unit, Latin America and the Caribbean Region - is part of a larger effort in the region to evaluate and disseminate lessons of experience in designing policies to improve the quality and sustainability of infrastructure services and to enhance the access of the poor to these basic services. The authors may be contacted at vfosterworldbank.org or jhalpern@worldbank.org
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