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  • World Bank Group  (243)
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  • Washington, D.C : The World Bank  (259)
  • Finance and Financial Sector Development  (190)
  • Information and Communication Technologies  (86)
  • Finance and Development
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  • Washington, D.C : The World Bank  (259)
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  • 1
    Online Resource
    Online Resource
    The Effects of Matching Grants on Technology Startups : The Case of Korea's TIPS (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Finance and Financial Sector Development ; Matching Grants ; Mutual Funds ; Science and Technology Development ; Tech Incubator Program for Startup ; Technology Innovation ; Tips
    Abstract: This report investigates the case of a Korean public-private matching grant program called the Tech Incubator Program for Startup (TIPS). Launched in 2013, the program provides a package of support to selected startups, including matching grant for research and development (R and D) and mentorship, for up to three years. After ten years in operation, TIPS is particularly well suited to answer the question of whether public funding can help startups innovate and subsequently improve their performance. Using a dataset that includes 1,650 startups that applied for TIPS between 2013 and 2020, this research analyzes the effects of TIPS on recipients' performance and offers empirical evidence to inform entrepreneurship policy. The results show that TIPS positively affected startup performance one year after selection in terms of innovation input and output, although it did not have a significant effect on revenue or research collaboration activities. The report concludes with five lessons derived from Korea's policy experience in designing and implementing TIPS: (i) a well-designed coordination mechanism may serve as a viable public-private partnership model for fostering innovative startups, (ii) a co-investment model can crowd in private investment and achieve a multiplier effect by reducing the risk of investment in early-stage startups, (iii) complementary supports that target different stages of the startup lifecycle are needed, (iv) patient capital and continuity in entrepreneurial policy with a long-term view are key to nurturing a vibrant entrepreneurial ecosystem, and (v) constant engagement with beneficiaries through data collection and monitoring enables the development of a dynamic monitoring and evaluation mechanism
    DOI: 10.1596/40932
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  • 2
    Online Resource
    Online Resource
    Lao PDR 2023 - Forging Ahead : Restoring Stability and Boosting Prosperity (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Macroeconomic Performance ; Macroeconomics and Economic Growth ; Public and Municipal Finance ; Public Expenditure ; Public-Private Partnership ; Revenue Mobilization ; State-Owned Enterprises (SOEs)
    Abstract: The Lao PDR is facing unprecedented macroeconomic challenges, which jeopardize hard-won development gains. Over the past two decades, the country attracted considerable foreign investment and fostered regional integration, which contributed to a long period of high economic growth. Many human development indicators improved during the period 2000-2019, including child and maternal mortality, school enrolment, income poverty, and gender equity. However, economic growth was predominantly driven by large-scale investments in capital intensive sectors, such as mining and hydropower, which created few jobs and entailed environmental costs. Moreover, many public investments were financed by external debt, gradually jeopardizing debt sustainability and macroeconomic stability. Long-standing structural vulnerabilities have been exacerbated by the impacts of the COVID-19 pandemic and adverse global macroeconomic conditions. Since 2021, the national currency has depreciated considerably, and inflation soared. This has had a large negative impact on living standards, with many households struggling to cope. Meanwhile, limited spending on education, health, and social protection is undermining human capital and thus economic growth prospects. Significant debt pressures, especially short-term external liquidity constraints, have pushed the country into debt distress. This Public Finance Review identifies priority reforms to restore macroeconomic stability and boost prosperity. The objective of this review is to assess recent macro-fiscal performance, evaluate emerging fiscal risks, and propose policy reforms to secure fiscal sustainability, restore macroeconomic stability, and promote shared prosperity. This report is comprised of five chapters covering the main aspects of fiscal management: chapter 1 evaluates recent macroeconomic performance while placing fiscal policy in the broader macroeconomic context. Chapter 2 assesses domestic revenue mobilization efforts and scope for reforms to enhance tax collection. Chapter 3 investigates the size and composition of public expenditure, as well as measures to increase its efficiency and effectiveness. Chapter 4 discusses reforms of state-owned enterprises with a view to improving their financial performance, operational management, and corporate governance. Chapter 5 documents the experience with public-private partnerships and provides recommendations to maximize value for money and reduce fiscal risks
    DOI: 10.1596/40861
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  • 3
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    Online Resource
    Better Internet for All Filipinos : Reforms Promoting Competition and Increasing Investment for Broadband Infrastructure - A Policy Note (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Broadband Infrastructure ; Digital Divide ; Digitalization ; ICT Legal and Regulatory Framework ; Information and Communication Technologies ; Internet ; Outdated Legal Frameworks
    Abstract: Equitable access to broadband services is imperative to narrow the digital divide and for more people to benefit from digitalization. Compared to other ASEAN countries, the Philippines' internet connectivity lags in affordability, speed, and access, creating an uneven landscape for digital participation. Limited internet access curbs digital potential for citizens and businesses, with peri-urban connectivity being critical to future growth. The country's poor broadband infrastructure is rooted in outdated policy frameworks that stifle investment in rural areas and foster a market with weak competition, both of which hinder broadband expansion. Binding constraints underlying the Philippines' poor broadband infrastructure are inter-related, requiring a comprehensive package of reforms to yield desired entry, investment, and sector performance outcomes. The open access in data transmission (OADT) bill is a promising, viable start, among several proposals in Congress. Policymakers can build on immediate reforms through the open access bill as an entry point to broader and medium- to longer-term digital connectivity agenda. The cost of inaction - loss of growth opportunity, people remaining unequipped for future jobs, and widening of the digital divide - is too high for the Philippines
    DOI: 10.1596/40924
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  • 4
    Online Resource
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    World Bank Support to Jobs and Labor Market Reform through International Development Association Financing : A First-Stage Evaluation (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Finance and Development ; Finance and Financial Sector Development ; Financial Support ; IDA ; Jobs ; Labor Markets ; Reform ; Social Protections and Labor
    Abstract: This evaluation is the first stage of the Independent Evaluation Group's assessment of the World Bank's support for more, better, and more inclusive jobs through International Development Association (IDA) financing, and it assesses the implementation of IDA-supported interventions directly supporting its jobs objectives across the three Replenishment cycles from fiscal years 2015 to 2022. Supporting the creation of more, better, and more inclusive jobs is critical towards achieving the goals of poverty reduction and shared prosperity in countries. This is especially true for countries that are eligible for International Development Association (IDA) financing. Since 2014, IDA has included jobs as a special theme, and subsequent IDA replenishments have had what this evaluation calls an 'IDA jobs strategy.' This strategy included explicit objectives, a series of policy commitments to achieve them, and results indicators to track them. This evaluation represents the first stage of the Independent Evaluation Group's assessment of the World Bank's performance in supporting more, better, and more inclusive jobs through IDA financing. It assesses the implementation of IDA-supported interventions that directly supported its jobs objectives across the three Replenishment cycles from fiscal years 2015 to 2022. The evaluation answers two questions: (i) To what extent IDA's strategy on jobs was grounded in sound analytics, adaptive, and operationally relevant (ii) To what extent the strategy has been translated into relevant and effective jobs interventions that directly address the objectives of more, better, and more inclusive jobs The scope of the evaluation is limited to the three main channels for achieving IDA jobs objectives: acting on labor demand, increasing labor supply, and improving labor market flexibility and geographic mobility. The report offers recommendations for further strengthening of the IDA jobs agenda towards the objective of supporting more, better, and more inclusive jobs
    DOI: 10.1596/40885
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  • 5
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    Feasibility Study : Disaster Risk Finance and Insurance (DRFI) Solutions for Family Farmers in El Salvador, Guatemala, and Honduras (January 2024) (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Disaster Finance ; DRFI ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; NCA ; North Central America
    Abstract: The objective of this feasibility study is to identify disaster risk finance and insurance (DRFI) solutions for up to 1.9 million family farmers in El Salvador, Guatemala, and Honduras. This study is motivated by an emerging consensus on the need to design and implement large-scale DRFI solutions to improve the financial resilience of family farmers in North Central America (NCA) and reduce their vulnerability to extreme weather events and climate risks. The feasibility study provides an initial assessment of the technical, operational, financial, and policy considerations for developing and implementing DRFI solutions for family farmers in NCA. The feasibility study considers lessons learned from existing large-scale DRFI solutions in peer countries as well as ongoing programs and pilots in NCA
    DOI: 10.1596/40964
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  • 6
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    Evidence on Public Procurement from Firm-Level Surveys : Global Statistics from the World Bank Enterprise Surveys and a Novel Public Procurement Survey Module (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Equitable Growth, Finance and Institutions Insight
    Keywords: Finance and Financial Sector Development ; Firm-Level ; Global Statistics ; Public and Municipal Finance ; Public Procurement ; WBES
    Abstract: Public procurement is at the intersection between the public and the private sectors. Policy makers and practitioners are increasingly paying attention to the potential catalytic role of public procurement to promote economic growth and inclusive and sustainable development, for example through participation of SMEs and women-owned firms in this market. However, despite a growing academic literature, there is still limited evidence on the link between public procurement and firms, which this paper contributes to address in two ways. First, this paper provides guidance on how to design a high-quality firm-level survey to study public procurement from the perspective of firms. Second, this paper presents some of the statistics and stylized facts that can be generated on public procurement from the existing World Bank Enterprise Surveys data, covering more than 150 countries worldwide. To sustain evidence-based policies in public procurement, firm-level survey data can be a valuable source of information on public procurement market. In particular, it can capture dimensions such as views and perceptions of firms that cannot be observed from e-government procurement data, it allows to study firms that never entered the public procurement market, and it provides data for countries that have not adopted an eGP system yet. Together with legislative and institutional reviews, and the analysis of transactional procurement data, firm-level survey data can be used to identify weaknesses of a public procurement system and inform reform efforts. This paper is part of a broader effort to continuously expand the available data, statistics, and tools for evidence-based policy making in public procurement
    DOI: 10.1596/40822
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  • 7
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    Cambodia : Recommendations to the National Roadmap for Electric Mobility Transition (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Energy ; Energy Efficiency ; Energy Production and Transportation ; Environment ; Environment and Natural Resource Management ; Finance and Development ; Finance and Financial Sector Development ; Human Development and Gender ; Private Sector Development
    Abstract: In December 2021, the Royal Government of Cambodia (RGC) published Cambodia's Long-Term Strategy for Carbon Neutrality (LTS4CN), which outlines the country's vision in achieving a carbon-neutral economy by 2050. As part of the long-term strategies to achieve net-zero emissions, the RGC set targets for decarbonizing the transportation sector through a combination of measures, including electrifying 70 percent of motorcycles, and 40 percent of cars and urban buses by 2050. It also aims to have 30 percent of mode share by public transport in cities by 2050
    DOI: 10.1596/41263
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  • 8
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    Our Digital Earth : Insights and Opportunities from the World Settlement Footprint (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Conflict and Development ; Disaster Management ; Earth Observation ; Environment ; ICT Applications ; ICT Data and Statistics ; Information and Communication Technologies ; Natural Disasters ; Natural Hazards ; World Settlement Footprint (WSF)
    Abstract: Earth observation is a crucial source of accurate and up-to-date information of Earth's natural and manmade environments that are critical when planning for, responding to, and mitigating the effects of natural hazards. Satellites that regularly collect images of the entire globe combined--with machine learning algorithms to process them more efficiently--have the potential to provide timely, standardized, verifiable, and scalable information. This report focuses on the use of Earth observation to identify built-up areas exposed to natural hazards. It describes the World Settlement Footprint (WSF) suite of derived datasets, developed by the German Aerospace Center (DLR) in collaboration with the European Space Agency (ESA), the Google Earth Engine team, and the World Bank. These gridded datasets capture the extent of built-up areas from 1985-2015 and again for 2019, estimated building heights, impervious surfaces, and estimated population. Earth observation derived information is particularly useful for standardized and recurring World Bank operations. The report looks at several World Bank operations, and the key insights provided through analysis incorporating the various WSF suite products
    DOI: 10.1596/41229
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  • 9
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    Nepal Crisis Preparedness Gap Analysis : Technical Annex (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Access To Finance ; CPGA ; Environment ; Finance and Financial Sector Development ; Financial Preparedness ; Natural Disasters ; Primary Response ; Risk ; Social and Livelihood Support ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: Crisis preparedness is cral to preventing shocks from becoming crises. Investments in ex ante preparedness are especially relevant in countries like Nepal that face high levels of exposure and vulnerability to a range of risks. In seeking to identify opportunities to strengthen the Government of Nepal's (GoN's) capacity to prepare for crisis events in an effective and timely manner, this Technical Annex presents findings from the application of the Crisis Preparedness Gap Analysis (CPGA) diagnostic in the country. It provides details on findings and entry points across the five componnts of crisis preparedness. For a summary, please refer to the accompanying CPGA Nepal Briefing Note. Following a brief description of the CPGA methodology, the Technical Annex presents a summary of findings from each CPGA component alongside identification of entry points and opportunities to strengthen crisis preparedness in the country. To provide a holistic assessment of preparedness, the CPGA focuses on five core components of crisis preparedness. These are (i) Legal and Institutional Foundations, (ii) Understanding and Monitoring Risks, (iii) FinancialPreparedness, (iv) Primary Response, and (v) Social and Livelihood Support
    DOI: 10.1596/41192
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  • 10
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    Blueprints for Private Investment in Ecosystem Restoration : Lessons from Case Studies (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Access To Finance ; Ecosystem Restoration ; Environment ; Environmental Protection ; Finance and Financial Sector Development ; Financing Needs ; Nature Loss ; Private Sector Development ; Private Sector Economics ; Private Sector Investment
    Abstract: Ecosystem restoration is critical to the global ambition of halting and reversing nature loss. Tremendous efforts have been deployed globally to conserve the remaining rainforests, grasslands, rivers and lakes, reefs and mangroves, and other ecosystems that are critical for safeguarding biodiversity and the ecosystem services that humanity depends on. However, the extent of environmental degradation is such that recovering the productivity of ecosystems where it has been lost is equally important - for nature, communities, and economic sectors. While restoration is often viewed as the purview of the public sector, this report demonstrates opportunities for private sector investment. It aims to shift the perception that restoration finance is limited to grant funding from domestic and international public sources only. Drawing on case studies, it highlights the investment drivers and entry points for private finance in restoration projects. The financing models presented also point to opportunities for replication and scaling. This report is a product of the Finance Task Force of the United Nations Decade on Ecosystem Restoration, an initiative led by the United Nations Environment Program and the Food and Agriculture Organization of the United Nations. The United Nations Decade aims to drive the restoration of one billion hectares of degraded land between now and 2030. The role of the Finance Task Force, chaired by The World Bank, is to catalyze action that can contribute to unlocking the capital needed to meet the United Nations Decade's goals
    DOI: 10.1596/41251
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  • 11
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    Measuring the Emissions and Energy Footprint of the ICT Sector : Implications for Climate Action (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Carbon Emissions ; Climate Change Mitigation and Green House Gases ; Digitalization ; Energy Footprint ; Environment ; GHG ; ICT Policy and Strategies ; ICT Sector ; Information and Communication Technologies
    Abstract: Digitalization is increasing rapidly worldwide, requiring more energy, and resulting in greenhouse gas (GHG) emissions. According to International Telecommunication Union (ITU) two thirds of the world's population are now online. Estimates of the internet and communication technology (ICT) sector's share of global carbon emissions vary across the literature ranging from 1.5 to 4 percent. Based on the data and estimates in this report at least 1.7 percent of global emissions stem from the ICT sector. Meanwhile, one-third of the world's population, or 2.6 billion people, remain unconnected to the internet. The large majority, about 94 percent, live in low and middle-income countries (LMICs), and less than 20 percent of LMICs have modern data infrastructure, such as co-location data centers and access to cloud computing. Connecting people in these countries will require more infrastructure and devices, which will further increase demand for scarce energy resources and drive emissions even higher if targeted interventions are not implemented. The objective of this report is two-fold. First, the report breaks down the energy and emissions profile of the sector and assesses the 30 highest emitting countries for telecommunications while providing global estimates for other ICT sector segments. The report uses a key framework for categorizing energy use and emissions, the greenhouse gas protocol corporate standard. Second, the report addresses the policy and regulatory implications inferred from this data and the examination of these issues through several country case studies
    DOI: 10.1596/41238
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  • 12
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    Blended Finance for Climate Investments in India (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Environmental Expenditure Review
    Keywords: Access To Finance ; Adaptation To Climate Change ; Blended Concessional Finance ; Clean Energy ; Climate Investments ; Climate-Smart Agriculture ; Environment ; Finance and Financial Sector Development ; Green Housing ; Solar Power ; Waste-To-Energy
    Abstract: The document collection focuses on the concept of blended finance for climate investments, emphasizing the need for innovative financial mechanisms to address climate change. It discusses the potential of blending public and private capital to mobilize investment in climate-related projects, aiming to achieve both environmental and financial returns. The collection explores various models and case studies to demonstrate the effectiveness of blended finance in driving sustainable development and combating climate change on a global scale
    DOI: 10.1596/41194
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  • 13
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    Diversification through the Application of the Co-evolutionary Framework : Korea and Viet Nam (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Co-Evolutionary Framework ; Diversification ; Economic Growth ; ICT Policy and Strategies ; Information and Communication Technologies ; Macroeconomics and Economic Growth ; Principle Of Relatedness ; Technology-Based
    Abstract: This research examines the diversification process by conceptualizing a co-evolutionary framework linking production and technology. The study applies the framework to retrospectively explain Korea's successful diversification path and to Viet Nam to identify how the country could further diversify into complex and value-added products. The authors apply relatedness analysis leveraging patent and trade data and present four different types of diversification patterns, namely unrelated diversification, production-based diversification, technology-based diversification, and complex diversification. Developed countries including Korea shifted toward technology-based or complex diversification strategies as their economies developed. Using a simulated scenario approach, the report outlines potential future trajectories wherein Viet Nam attains technological capabilities. The result shows that Viet Nam can diversify into 233 products if it accumulates capabilities in the 12 identified technologies. The report concludes with policy lessons that could inform policy makers in Viet Nam as well as other developing economies. Namely, that the country would need to invest more intensively in technology and capabilities upgrading to diversify into new complex products and evolve its diversification strategy alongside its economic growth and capability building process
    DOI: 10.1596/41312
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  • 14
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    Urban and Interurban Road Pricing : Navigating the Changing Landscape of Mobility Management and Infrastructure Financing (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Mobility and Transport Connectivity
    Keywords: Finance and Development ; Finance and Financial Sector Development ; Financing ; Infrastructure ; Mobility ; Road Pricing ; Transport ; Urban Development
    Abstract: The document is structured into five chapters. Chapter 2 provides a comprehensive overview of the theoretical framework surrounding road pricing. It outlines the fundamental principles and characteristics of road pricing, while exploring the relationship between social equity and road pricing. Additionally, it addresses potential implementation challenges that may arise. The subsequent chapters offer summaries of international experiences in interurban pricing (Chapter.3) and urban pricing (Chapter 4). In the case of interurban pricing, a broad spectrum of approaches is examined, including traditional methods, concession tolls, and the latest trends in variable pricing within the European Union. Lastly, chapter 5 highlights the key trends in road pricing and provides recommendations based on the evidence presented throughout the document. This chapter serves to offer valuable insights for decision-makers, drawing from the comprehensive studies presented within the document
    DOI: 10.1596/41227
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  • 15
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    ESG Integration at the Government Pension Fund of Thailand (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Equitable Growth, Finance and Institutions Insight
    Keywords: Access To Finance ; ESG Integration ; Finance and Financial Sector Development ; Government Pension Fund ; Investments ; Pension Funds ; Pensions and Retirement Systems ; Social Funds and Pensions ; Social Protections and Labor
    Abstract: This report describes the ESG integration practices at GPF as a practical example of how a pension fund can integrate ESG considerations into its investment practices and processes. The report focuses on the incorporation of ESG issues into our investment analysis and decision-making process. Other elements of responsible investing such as active ownership and ESG disclosure practices whilst also key to GPF's overall approach, are not discussed in detail in this report. The report is a product of technical co-operation between teams from GPF and the World Bank. The report starts by providing some background information on GPF, including its investment philosophy and an overview of ESG investment philosophy before detailing the GPF ESG Score methodology. It then describes how the GPF ESG Score methodology is applied to equity and fixed-income investments, followed by an overview of how GPF ensures that ESG considerations are integrated into the selection, appointment and monitoring of external managers. It concludes with some reflections on the landscape of responsible investment and identifies areas where GPF expects to improve its investment process in the coming years
    DOI: 10.1596/41329
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  • 16
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    Yemen : Connecting the Yemeni Private Sector to the World (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Access To Finance ; Business Environment ; Conflict ; Conflict and Development ; Economic Growth ; Finance and Financial Sector Development ; Fragile States ; Private Sector ; Private Sector Development
    Abstract: This Private Sector Assessment Report on the Republic of Yemen is delivered as part of the Private Sector Technical Assistance project. The goal of the project is to understand the dynamics of the country's private sector during conflict; identify constraints to trade, investment, and finance; and propose recommendations for inclusive private sector entry, survival, and growth. The report also includes an overview of the financial sector's impact on the private sector, especially on the latter's resilience during conflict. Finally, the report provides structural and policy recommendations that, once implemented by the authorities on both national and subnational levels, would prepare the Yemeni private sector to participate in the country's post-conflict recovery and reconstruction
    DOI: 10.1596/41273
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  • 17
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    The Global State of Financial Inclusion and Consumer Protection (2024)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Consumer Protection ; Consumer Protection Law ; Corruption and Anticorruption Law ; Finance and Development ; Finance and Financial Sector Development ; Financial Capability ; Financial Consumer Protection ; Law and Development ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: The 2022 Global State of Financial Inclusion and Consumer Protection (FICP) Report is an update to the 2013 and 2017 FICP reports. These surveys aim to provide a timely source of global data to benchmark efforts by financial sector authorities to improve the enabling environment for financial inclusion and consumer protection. To date, this is the only longitudinal and global survey of this nature. As such, this report serves as a valuable resource to shape the World Bank's country engagements, a reference document for regulators and supervisors and, finally, a tool for both public and private sector actors with an interest in knowing the developments in this sector. The Survey questionnaire covers key topics related to financial inclusion and financial consumer protection (FCP) and aligns with international guidance to financial sector authorities in these areas. Because the report aims to capture both a snapshot as well as trends over time, the survey questionnaire has been modified over the three cycles to reflect the changing policy and regulatory landscape of financial inclusion and consumer protection
    DOI: 10.1596/41250
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  • 18
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    GovTech Maturity Index, 2022 Update : Trends in Public Sector Digital Transformation (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: Data Analysis ; Data Collection ; Economic Growth ; Governance ; ICT Data and Statistics ; Index Construction ; Information and Communication Technologies ; Macroeconomics and Economic Growth ; Results Reporting ; Technology ; Validation
    Abstract: The 2021 GovTech Maturity Index (GTMI) report and underlying dataset provide opportunities to replicate the study, identify gaps in digital transformation by comparing the differences among economies and groups of economies, and track changes over time in a transparent way. The dataset will be updated every two years to reflect developments in the GovTech domain. This 2022 GTMI update report and the accompanying dataset and new data dashboard present the progress within the last two years, highlight some of the good practices, and identify existing gaps for possible improvements in countries at the technology frontier. As with the 2020 edition, economies are grouped, not ranked, to illustrate the state of GovTech focus areas globally. This overview report presents a summary of the approach, how the 2022 GTMI dataset update is different, improvements in the GTMI dataset contents and visualization tools and GTMI group calculations, and initial findings and key messages
    DOI: 10.1596/38499
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  • 19
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    The Big Push for Transformation through Climate and Development : Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: Adaptation to Climate Change ; Climate Change Economics ; Climate Change Policy and Regulation ; Climate Development ; Economic Growth ; EMDES ; Energy Transition ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Fiscal Space ; Inclusive Recovery ; Macroeconomics and Economic Growth ; Public Sector Development ; Sustainability ; Transformation
    Abstract: This report makes the case for a big investment push for EMDEs' sustainable recovery and development, assesses the magnitude and composition of such investment, presents actions needed for an energy transition, looks at the role that innovations and state capacity can play in facilitating GRID, and proposes actions that governments, the private sector, MDBs, the IMF, and donors can undertake to mobilize financing at the large scale needed. The report summarizes the insights derived from the meetings of the High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth, jointly led by Mari Pangestu, Ceyla Pazarbasioglu, and Nicholas Stern, and composed of experts from research institutions, the private sector, and governments, as well as senior World Bank Group and IMF staff members. The work of the HLAG, and thus this report, focuses on EMDEs and delves in greater depth into climate investment and financing, particularly for energy transition, as it is a less researched area. While doing so, it recognizes that policy and investment decisions in high-income countries, which accounted for only 16 percent of the global population in 2019 and yet for 32 percent of total greenhouse gas emissions (World Bank 2023a, 2023b), will be critical to whether the Paris Agreement goals can be reached. It also recognizes that these countries must play a key role in contributing financially to EMDEs' transition to low-carbon economies
    DOI: 10.1596/39478
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    Strengthening Financial Stability, Resilience and Safety Nets in the Pacific Islands : Compilation of In-Depth Papers (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Banking Supervision ; COVID-19 ; Economic Growth ; Economic Stabilization ; Finance and Development ; Finance and Financial Sector Development ; Financial Stability ; Macroeconomics and Economic Growth ; Macroprudential ; Microprudential
    Abstract: Over the past two years, the World Bank has been working with Pacific Island Countries (PICs) to assess the impact of the COVID 19 pandemic on their financial systems and provide guidance to the PIC prudential authorities on policy issues relating to strengthening the resilience of financial systems in the region. As part of this work program, the World Bank produced a series of seven deep dive papers on a range of issues relating to financial stability in the PICs. Each paper was presented during an online workshop with the prudential authorities of the PICs and followed by a Questions and Answers session. The papers in the series are: COVID-19 and financial stability: guidance on financial system surveillance in the pandemic, COVID-19 and stress testing, micro prudential and macro prudential policy: seeking the right balance, early intervention in banking supervision, recovery planning for banks, bank resolution, and financial safety nets This volume pulls together these deep dive papers while being mindful that each paper stands on its own. Yet, an integrated approach is needed in all these policy areas, and it is vital to tailor reforms to country specific circumstances This recognizes that, even in a stable financial system there will inevitably be periods of financial stress and that there is a need to ensure that frameworks are in place to address these events cost-effectively and in ways that preserve market discipline, avoid moral hazard and minimize fiscal risks. Private
    DOI: 10.1596/39456
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    International Finance Corporation Additionality in Middle-Income Countries : An Independent Evaluation April 17, 2022 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Additionality ; Banking Sector ; Capacity Building ; Finance and Financial Sector Development ; Financial Additionality ; Financial Collaboration ; Financial Competition ; Governance ; Non Bank Financial Institutions ; Nonfinancial Additionality
    Abstract: Additionality is a core feature of private sector development finance institutions (DFIs). It is the unique contribution that a DFI or a multilateral/ bilateral bank brings to a private investment project that is not offered by commercial sources of finance. The key idea is that the investment project should add value without crowding out private sector activity. Identifying and articulating project additionality is particularly important in middle- income countries (MICs) since financial markets in MICs are more developed, and private investment far exceeds official development assistance. This evaluation report examines the relevance and effectiveness of IFC's approach to additionality in MICs and seeks to explain the factors that contribute to or constrain its realization. While the evaluation focuses on IFC's additionality on the level of the project, it also applies the lens of country and sector context to draw additional learning. Thus, it considers whether additionality can occur beyond the level of a single project-for example, at the country and sector level. Both at the project level and beyond the project, the evaluation derives lessons and offers recommendations on how IFC can further strengthen its additionality
    DOI: 10.1596/39776
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    Nepal Fiscal Federalism Update, June 2023 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Fiscal Federalism ; Fiscal Performance ; Implementation Gaps ; Macroeconomics and Economic Growth ; Natural Resources ; Public and Municipal Finance ; Public Financial Management ; Revenue Sharing
    Abstract: The World Bank Nepal Fiscal Federalism Update aims to report annually on the progress of fiscal federalism in Nepal and identify implementation gaps. This first such update reviews the progress on fiscal federalism since the publication of the Federalism Capacity Needs Assessment (FCNA) in 2019
    DOI: 10.1596/39949
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    Kosovo Public Expenditure Review (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/39944
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    Cambodia Economic Update, May 2023 : Post-COVID-19 Economic Recovery (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; Economic Growth ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth ; Pandemic ; Public and Municipal Finance ; Public Spending
    Abstract: Cambodia's economic recovery solidified in 2022 with real growth accelerating to 5.2 percent. After shifting to "living with COVID-19" in late 2021, the economy is firmly on a path to recovery and has now returned to its pre-pandemic growth trajectory. Initially led by the strong performance of export-oriented manufacturing, growth drivers are rotating to the services and agriculture sectors. Meanwhile, the agriculture sector is benefitting from improved access to regional markets, thanks to newly ratified bi-lateral and regional free trade agreements. Weakening external demand is, however, starting to weigh on the country's economic recovery. Despite weakening goods export performance, the current account balance is improving, thanks to the rebound in the travel and tourism industry and remittances, while the oil price shock eased. The economic recovery and good revenue administration underpinned an across-the board improvement in domestic revenue collection. The authorities continued to provide cash transfers for poor and vulnerable households, although the worst of the pandemic is now behind us. In this regard, the Cambodian authorities have extended the COVID-19 cash transfer program, with an additional budget. To enhance the long-term resilience and competitiveness of the economy, efforts are needed to further promote export product diversification
    DOI: 10.1596/39931
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    Indonesia Economic Prospects, June 2023 : The Invisible Toll of COVID-19 on Learning (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; Education Finance ; Education Reform and Management ; Education System ; Finance and Development ; Finance and Financial Sector Development ; Learning Losses ; Pandemic
    Abstract: Commodity windfalls and private consumption have sustained Indonesia's growth despite a difficult global environment, but signs of normalizing domestic demand are emerging. Inflation is easing at a faster pace than markets anticipated. Indonesia's external vulnerabilities remain moderate. The fiscal stance has normalized reflecting faster fiscal consolidation, anchored by a broad-based rise in revenues and prudent public spending. Softening inflation and resilient capital flows have led Bank Indonesia (BI) to ease its pace of monetary tightening. The outlook remains stable as the economy normalizes following the post-pandemic recovery. While this is a robust outcome given levels of global uncertainty, Indonesia still faces declining productivity growth like other emerging market economies. Policy makers are encouraged to build on recent reforms and adopt further market-friendly policies and reduce constraints to competition to accelerate productivity growth. The Government of Indonesia (GoI) has put tremendous efforts into mitigating the learning disruption caused by COVID-19. This study provides new evidence of learning loss in math and language, comparing data on grade 4 student learning before and after the COVID-19 pandemic-induced school closures across Indonesia. In line with international literature on COVID-19 - induced learning losses, students' future earnings and Indonesia's future productivity will be negatively affected if no action is taken. This study highlights the urgency of addressing learning loss by stimulating political commitment for learning recovery and prompting deliberate actions, with adequate resources to complete them
    DOI: 10.1596/39921
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    The Initial Ten-Year Journey : Impact Assessment of Seoul Center Korea Trust Fund (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: EAP ; Economic Growth ; Finance and Development ; Finance and Financial Sector Development ; Financial Sector ; Macroeconomics and Economic Growth ; Private Sector ; Technical Assistance
    Abstract: The overarching objective of the Seoul Center for Finance and Innovation partnership was to improve and develop financial and private sectors in the East Asia and Pacific (EAP) region by delivering better technical assistance and advisory services to EAP countries. To achieve this objective, the Seoul Center provides grants to provide demand-driven, priority technical assistance and support capacity-building needs in EAP client countries. Since 2012, a total of 32 KTF grants have been allocated to 10 EAP countries and 2 regions (EAP and Global) in three phases. This limited scope impact assessment was undertaken on behalf of the Finance, Competitiveness, and Innovation Seoul Center Korean Trust Fund (KTF) in accord with an agreed term of reference. The purpose of this assignment is to carry out an independent impact assessment of select East Asia Pacific (EAP) country-level technical assistance and advisory grant funded projects completed over ten years from 2012 through 2022. The assessment of results realized focused on fifteen country-level TA and advisory KTF grant funded activities concluded by end-2022
    DOI: 10.1596/39909
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    Kenya Country Economic Memorandum : Seizing Kenya's Services Momentum (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Competition ; Economic Growth ; ICT Applications ; Inclusion ; Increased Productivity ; Information and Communication Technologies ; Linkages ; Macroeconomics and Economic Growth ; Services Sector ; Technology ; Trade
    Abstract: Kenya's economy has been growing solidly but maintaining and increasing growth will depend on increasing private investment and productivity. Between 2010 and 2019, Kenya maintained a steady annual growth rate of 5 percent and the economy was able to rebound relatively rapidly from the COVID-19 pandemic. However, productivity growth did not make much of a contribution to output growth, and growth has been lower than that of some other, fast-growing middle-income countries. This points to the potential for Kenya to increase growth via productivity gains, by expanding the role of the private sector and, especially, accelerating private investment. Doing this has become more urgent as the Government's fiscal space to invest has shrunk, making it crucial also for the sustainability of growth to identify new opportunities for the private sector to contribute. This Country Economic Memorandum (CEM) focuses on the question of how seizing opportunities in Kenya's services sector can contribute more effectively to long-term economic growth. This report argues that growing the services sector should not be seen as an alternative to industrialization, but rather as an enabler of economy-wide growth, including in manufacturing, and in agriculture too. It focuses on five channels through which services contribute to jobs, economic transformation and inclusion: (i) the need to SHIFT the services sector to higher value-added activities; (ii) how to LINK services better to other economic activities to grow its enabling role; (iii) how to BOOST the productivity of the sector through technology and increasing competition; (iv) how to TRADE more services through removing regulatory barriers to trade and investment; and finally (v) how to SECURE people's economic livelihoods better, especially those working in lower-skilled and economically more vulnerable services subsectors. Growing the contribution of services will require a program of structural reforms and complementary efforts
    DOI: 10.1596/40115
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    RWI Phase 3 Report on Regulatory Trends (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Digital Economy ; Digital Infrastructure ; ICT Legal and Regulatory Framework ; ICT Policy and Strategies ; Information and Communication Technologies ; Policies ; Regulatory Watch Initiative
    Abstract: The Regulatory Watch Initiative (RWI) is designed as a supplementary tool to aid national administrations in contemplating, analyzing, and drafting policies, laws, and regulations. It can also provide insight on comparative measures to spur Digital Economy growth by informing decision-makers about gaps, trends, and best practices for developing a fully enabling environment and to support the adoption of digital infrastructure for integrated and balanced economic and social development
    DOI: 10.1596/40073
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    Armenia Forest Landscape Restoration Note (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40349
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    Unlocking Blue Carbon Development : Investment Readiness Framework for Governments (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Adaptation To Climate Change ; Blue Carbon ; Blue Economy ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Public and Private Investment ; Readiness Framework
    Abstract: The purpose of this paper is to provide a practical framework to guide governments in catalyzing and scaling up public and private investment in Blue Carbon as part of their blue economy development. It does this by describing in detail a Blue Carbon Readiness Framework, a step-by-step, well-illustrated guide with simple checklists. Client countries can use the illustrations and checklists to determine their readiness to catalyze and scale up investment in blue carbon credit finance. The Blue Carbon Readiness Framework consists of three pillars: 1. Data and Analytics; 2. Policy and Institutions; 3. Finance
    DOI: 10.1596/40334
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    Zanzibar Basic Education Public Expenditure Review (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Access To Finance ; Basic Education Financing ; Education ; Education Sector Strategy and Lending ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Policies ; Public and Municipal Finance ; Public Funding ; Public Spending ; Zanzibar
    Abstract: Since 2015, because of healthy economic growth and a strong commitment to strengthening human capital, Zanzibar has made significant progress in the provision of good quality basic education services. Government spending has risen and has supported ambitious plans to provide inclusive and equitable access to quality education and skills training. Since 2015, sector targets for increasing access to public services were largely met in education, and in some instances surpassed. Yet despite these significant successes, the basic education sector continues to face challenges in providing good-quality services and reaching the marginalized. This Zanzibar Basic Education Public Expenditure Review aims to: (i) assess the scale of the financing challenge in basic education (preprimary, primary, and secondary education); (ii) analyze the adequacy, efficiency, and equity of current levels and uses of public spending on education; and (iii) from this analysis, and drawing on relevant international practices, present a set of policy suggestions for improvements in public funding for basic education in Zanzibar
    DOI: 10.1596/40223
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    IFC Annual Report 2023 : Building a Better Future (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2128
    Keywords: Energy Access ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Innovation ; Public-Private Partnerships ; Science and Technology Development ; Technology ; Trade Finance
    Abstract: IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets and developing economies. We work in more than 100 countries, using our capital, mobilization capacity, expertise, and influence to create jobs and raise living standards, especially for the poor and vulnerable. In fiscal year 2023, IFC committed a record 43.7 billion dollars to private companies and financial institutions in developing countries, leveraging the power of the private sector to improve people's lives as economies grapple with the impacts of global compounding crises
    DOI: 10.1596/40506
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    Romania Country Climate and Development Report (2023)
    Washington, D.C : The World Bank
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    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
    DOI: 10.1596/40500
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    Bulgaria Public Finance Review 2023 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Finance and Development ; Finance and Financial Sector Development ; Fiscal Policy ; Fiscal Spending ; Governance ; Government Revenue
    Abstract: Bulgaria has traditionally adhered to fiscal discipline and prudent fiscal policy since the introduction of its currency board arrangement in mid-1997. After a gradual decline in the 2000s, public debt has remained among the lowest in the European Union (EU), hovering in a narrow band between 17 and 29 percent of gross domestic product (GDP) for the last 10 years. The low level of public debt has been supported by relatively low fiscal deficits or even surpluses in some years. This has helped the fiscal system absorb recent shocks relatively unscathed and provided sufficient fiscal space to address emerging crises and limit the scarring on economic activity, the labor market, and incomes. This report provides fresh evidence on Bulgaria's fiscal landscape and some of the key issues that fiscal policy may need to address going forward. To start with, the report looks at opportunities to increase revenue collection with two special focuses - the value-added tax (VAT) compliance gap and health taxes (excises on tobacco and alcohol products). Social spending effectiveness in reducing headline poverty and child poverty in particular also requires urgent attention from policy makers. An updated fiscal incidence analysis shows that Bulgaria's fiscal system has a limited impact on overall poverty; neither is it effective in addressing child poverty, as it reduces it by just 0.3 percentage points
    DOI: 10.1596/40804
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    Lebanon Economic Monitor, Fall 2023 : In the Grip of a New Crisis (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Access To Finance ; Armed Conflict ; Conflict ; Conflict and Development ; Economic Development ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth ; Middle East ; Money and Banking ; Recession
    Abstract: Lebanon is hit by yet another crisis: the spillover effects of the conflict in the Middle East. While the country remains mired in political and institutional vacuum, and a crippling socioeconomic crisis for over four years, it has now been hit by another large shock: fear that the current conflict centered in Gaza could escalate further into Lebanon. By 2022 and early 2023, the economy was able to find a temporary bottom following years of sharp contraction, thanks to tourism and sizeable remittances. The temporary bottoming out helped the exchange rate to also stabilize temporarily. With the onset of the current conflict, Lebanon's economy is projected to be back in recession in 2023. This special focus assesses the impact of the current conflict and its spillovers on Lebanon's economy. Assuming that the current situation of containment of military confrontation to the southern borders persists, the economy is estimated to contract in 2023, primarily due to the shock to tourism spending
    DOI: 10.1596/40785
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    Interoperability : Towards a Data-Driven Public Sector (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: API ; Data Architecture ; Digital Infrastructure ; ESB ; GOVTECH ; ICT Applications ; Information and Communication Technologies ; Information Technology ; Interoperability ; Open Source
    Abstract: Interoperability frameworks are a key enabler for GovTech, the World Bank's whole-of-government approach to public sector modernization, as they reduce system boundaries between government agencies by setting standards and guidelines across government systems to allow for seamless exchange of information and communication between systems. But governments may face several challenges when setting up and implementing interoperability frameworks, related to a mix of technical, semantic, legal, organizational, and cultural factors. This How-to Note provides advice on what interoperability in the public sector is, why it is needed and how it can be implemented with various examples and a whole-of-government approach to interoperability taking into account both digital and nondigital aspects is of the essence
    DOI: 10.1596/38520
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    Data Classification Matrix and Cloud Assessment Framework : Cloud Assessment Framework and Evaluation Methodology (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Equitable Growth, Finance and Institutions Insight
    Keywords: Cloud Computing ; Data Classification Matrix ; Information and Communication Technologies ; Information Technology ; PII ; Public Sector ; Security
    Abstract: This data classification matrix and cloud assessment framework supports the policy goals articulated in the World Bank's Institutional and procurement practice note for cloud computing services in the public sector. The framework is intended to support World Bank client countries, practitioners, and multilateral and bilateral development partners to manage the risks of acquiring public cloud solutions. These suggestions are based on good practices identified in the practice note. The framework first offers a data classification scheme for government data and personally identifiable information (PII) of citizens that governments and their contractors handle based upon the confidentiality, integrity, and availability security objectives. The framework then suggests cloud security requirements corresponding to each proposed data classification level. These security requirements are based upon international standards and good practices identified in the practice note. The framework also offers a checklist for procuring agencies seeking to procure cloud services
    DOI: 10.1596/39550
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    Strengthening Public Finances for Inclusive Growth and Sustainable Development (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Expenditure Efficiency ; Finance and Financial Sector Development ; Fiscal Sustainability ; Inclusive Growth ; PER ; Public and Municipal Finance ; Public Expenditure
    Abstract: The Republic of Congo is the third-largest crude oil producer in Sub-Saharan Africa after Nigeria and Angola and is heavily dependent on oil production and oil exports. With a population of 5.5 million, Congo is a lower middle-income economy, endowed with abundant natural resources. The economy is heavily dependent on oil production, which accounted for 45 percent of GDP, 75 percent of government revenue, and 95 percent of exports of goods during the height of oil prices (2010-14). Besides crude oil, Congo is endowed with a wealth of mineral resources, including reserves of potash, phosphate, iron, and copper, which remain largely untapped. Much of the country is covered with tropical forests of softwoods and hardwoods (over 65 percent of the country's total surface area), a fragile ecosystem that removes carbon from the atmosphere and stores it, thus helping to slow global warming. This Public Finance Review (PFR) aims to support the implementation of the National Development Plan. This PFR provides analysis and advice to the government on two objectives: (i) to increase expenditure efficiency to support inclusive growth in a sustainable manner, and (ii) to boost mobilization of broad-based revenue to finance the development objectives envisaged in the new National Development Plan. This PFR is performed as part of the World Bank Group's broader efforts to support the enhancement of fiscal management in Congo. A public finance review rather than a public expenditure review was undertaken because revenue mobilization is critical for Congo to restore fiscal sustainability. The PFR complements recently completed and ongoing analytical pieces on Congo's fiscal management, including the Tax Administration Diagnostic Assessment Tool analysis (2019); Debt Management Performance Assessment (2021); the Republic of Congo Economic Updates (2019 and 2020); the Public Expenditure and Financial Accountability (PEFA) assessment (2023, and the Public Expenditure Review on Human Development (2022). This PFR, therefore, focuses on areas that are not addressed by these analytic reports
    DOI: 10.1596/39721
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    China Economic Update, June 2023 : Sustaining Growth through the Recovery and Beyond (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Carbon-Neutral ; Economic Growth ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Fiscal Policy ; Household Incomes ; Housing Finance ; Inflation ; Labor Market ; Macroeconomics and Economic Growth ; Private Investment
    Abstract: Economic activity bounced back in Q1 2023 with the removal of mobility restrictions and a surge in spending on services. However, growth momentum has slowed since April, indicating that China's recovery remains fragile and dependent on policy support. China's GDP growth is projected to rise to a 5.6 percent in 2023, led by a rebound in consumer spending. The economic recovery offers an important opportunity for policymakers to refocus their efforts on achieving China's longer-term development objectives. Structural reforms remain crucial to solidify the recovery and achieve the longer-term goals to (i) become a high-income country by 2035 through productivity-led and environmentally sustainable growth; (ii) peak carbon emissions before 2030 and become carbon-neutral by 2060; and (iii) share the gains from economic growth more equally among the population
    DOI: 10.1596/39947
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    International Finance Corporation Platforms Approach : Addressing Development Challenges at Scale - An Independent Evaluation (Approach Paper) (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Development Challenges ; Economic Growth ; Finance and Development ; Finance and Financial Sector Development ; IFC Platforms ; Macroeconomics and Economic Growth ; SDGs
    Abstract: Recurring development challenges and new compounding crises affecting client countries and firms constrain the ambition of the International Finance Corporation (IFC) to contribute to attainment of the Sustainable Development Goals (SDGs) by 2030. The recurring challenges, including insufficient private sector participation in development financing, continue to affect emerging markets and developing economies and the firms within them. Two related initiatives-the IFC capital increase and the IFC 3.0 strategy-underpin IFC's goal to contribute to the SDGs by 2030. IFC's capital increase package was based on the IFC 3.0 strategy, which requires creating new markets through advisory and upstream services and mobilizing private capital from new sources and through new approaches (IFC 2017, 2018, 2020a). IFC has introduced a platforms approach to scale up its interventions in accordance with IFC 3.0 and the capital increase objectives. IFC defines platforms as thematic interventions-at a regional, global, or sectoral level-designed to address a specific development challenge (IFC 2022b). The main purpose of the evaluation is to assess whether the platforms approach offers IFC a means to achieve its capital increase and IFC 3.0 objectives while meeting the Board's and clients' expectations
    DOI: 10.1596/40147
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    Iraq Economic Monitor, Spring/Summer 2023 - Reemerging Pressures : Iraq's Recovery at Risk (With a Special Focus on Financial Intermediation in Iraq) (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: External Sector ; Finance and Financial Sector Development ; Monetary Policy ; Oil and Gas ; Public Finance
    Abstract: Iraq's economy continued its recovery after the sharp, pandemic-induced recession in 2020 but growth constraints in the oil sector have reemerged. After moderating in 2022, consumer price inflation ticked up in early 2023, fueled by the depreciation of the Iraqi dinar in the parallel market. Fiscal and external account balances benefitted from the oil windfall in 2022 but this trend significantly moderated in early 2023. The new budget is excessively expansionary, and lacks the structural reforms that Iraq needs to develop a vibrant and sustainable economy. The economic outlook remains subject to significant risks, largely due to deep structural challenges. Urgent implementation of financial sector reforms and modernization of its banking sector architecture, currently major barriers to economic diversification, are a critical condition to bolster the private sector and unlock much-needed job creation. Financial access in Iraq is amongst the lowest in the world, with only 19 percent of adults owning a bank account, highlighting a significant underutilized source of financing. Crucially, lack of financing remains the top constraints for small and medium enterprises and firms operating in the informal sector, undermining private sector-led growth and job creation. As this report's Special Focus highlights, this is in part due to the banking sector structure and operations, which is dominated by undercapitalized state-owned banks with weak institutional capacities that primarily provide financing to public sector entities and state-owned enterprises. The private commercial banking sector is weak and has limited capacity to support financial intermediation and is geared towards maximizing revenues from the foreign exchange auctions. Furthermore, the non-banking financial sector is nascent with small and underdeveloped capital markets, unregulated Micro Finance Institutions, and an underdeveloped insurance sector. To tackle these challenges, the sector's reform priorities include institutional reforms in state-owned banks and incentivizing digital financial services to increase financial intermediation and promote financial inclusion in Iraq. The full implementation of these reforms can help restore public confidence in the financial sector and help mobilize Iraq's wealth towards solving the pressing development challenges of the country
    DOI: 10.1596/40103
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    Climate-Related Shocks and Fiscal Sustainability : Potential Impacts and Policy Options (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40050
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    Generative Artificial Intelligence (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Sector/Thematic Studies
    Keywords: Creativity and Scalability ; Disaster Relief ; Efficiency and Productivity ; Explicit Density Models ; Generative AI ; Implicit Density Models ; Information and Communication Technologies ; Information Technology ; Infrastructure Development ; Machine Learning
    Abstract: Generative artificial intelligence (AI) has been developing rapidly and has attracted significant attention in recent years, with numerous advances and breakthroughs. The generative AI market is expected to grow from 1.5 billion dollars in 2021 to 6.5 billion dollars by 2026 - a compound annual growth rate of 34.9 percent. Acknowledging the growing importance of generative AI in research and practical applications, including its use to solve international development challenges, this report provides a comprehensive overview of generative AI, introduces the basics, explains its development over time, and examines its types and applications. After highlighting the benefits and capabilities of generative AI, the report explores how it can be applied in various industries such as health care, manufacturing, media, and entertainment and then discusses potential opportunities and limitations users must consider. Finally, it describes initiatives and strategies that the Korean government and private sector players have implemented to adopt and advance generative AI in Korea and the global marketplace. The fifth issue in the Emerging Technology series, generative AI is the result of a collaboration effort of the World Bank Group Information Technology Solutions Technology and the World Bank Korea Country Office. The series captures new technology and trends and shares knowledge to help solve international development challenges
    DOI: 10.1596/39959
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    Decentralized Identifier (DID) (2023)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Sector/Thematic Studies
    Keywords: Decentralized Identifier ; DID ; Digital Identity ; Digital Technology ; Information and Communication Technologies ; Information Technology ; Private Sector ; Public Sector ; Security and Privacy ; Self-Sovereign Identity
    Abstract: An identification card that proves a person's identity is essential in modern society. It allows individuals to access various online and in-person public services by verifying their identity. Through an identity (ID) card, government services such as civil complaints, taxation, health care, insurance, and pension can be smoothly provided. In some cases, the ID card may contain additional information, such as home address or eligibility for certain services, which can be used to verify your identity and eligibility for certain benefits. ID cards are crucial for accessing public - and private - services where the individuals need to verify the information. However, most IDs are issued and controlled by external authorities and information is shared and revoked upon the request. A decentralized identifier (DID) is a new type of globally unique persistent identifier that does not require centralized registration authorities. Repeatedly generated and registered cryptographically, DIDs enable a new model of decentralized digital identity, which is referred as self-sovereign identity or decentralized identity. This sometimes allows users to verify information rapidly without having to contact multiple issuing parties. This 4th issue in the Emerging Technology series briefly describes the DID and its potential for solving development challenges, alongside key highlights of Korea's experience and lessons learned in regard to the exploration and adoption of emerging technologies
    DOI: 10.1596/39958
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    Open and Inclusive : Fair Processes for Financing Universal Health Coverage (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Keywords: Consistency ; Equity ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Health Financing ; Health Insurance ; Health Policy and Management ; Health, Nutrition and Population ; Impartiality ; UHC ; Universal Health Coverage
    Abstract: The report offers decision support on fair processes for policy choices relating to health financing for universal health coverage (UHC). It opens by making the case for why fair processes matter for health financing. It argues that procedural fairness contributes to fairer outcomes, strengthens the legitimacy of decision processes, builds trust in authorities, and promotes the sustainability of reforms on the path to UHC. The report then describes key health financing decisions with an impact on equity in service coverage and financial protection, where issues of procedural fairness are particularly important. Next, it offers principles and criteria for designing and assessing the processes around these health financing decisions and provides suggestions for how to make them fairer. Finally, the report examines country experiences with diverse instruments that can be used to operationalize principles and criteria for fair processes in health financing decision-making
    DOI: 10.1596/39953
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    Activating Alignment : Applying the G-20 Principles for Sustainable Finance Alignment with a Focus on Climate Change Mitigation (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2185
    Keywords: Alignement Tools ; Climate Change Mitigation ; Climate Change Mitigation and Green House Gases ; Environment ; Finance and Development ; Finance and Financial Sector Development ; G-20 ; Sustainable Finance
    Abstract: The first action in the G-20 Sustainable Finance Roadmap proposes six high-level principles for the development and global coordination of approaches to align investments with sustainability goals. "Alignment approaches" are national and international frameworks for the financial sector that aim to monitor global sustainable finance flows and ensure that they are contributing to the temperature goals of the Paris Agreement, the Sustainable Development Goals (SDGs), and other international sustainable finance objectives. These approaches increasingly leverage "alignment tools," which include but are not limited to (a) taxonomies (or classifications) of private sector activities that can be labeled as achieving environmental and social objectives; (b) certifications and labels that confirm that products or services have met environmental, social, and governance (ESG) standards; (c) disclosure frameworks that guide private sector entities to manage and report on their ESG performance; and (d) transition frameworks that help the private sector design a credible shift to low-carbon technologies and practices. The tools can then be applied in different ways-ranging from national-level regulations to voluntary private sector-led initiatives, to corporate-level practices. The tools can be applied by investors and finance providers for different purposes at different levels: at the "asset level" (as in determining whether a project or activity is compatible with a relevant sustainable finance taxonomy or due diligence framework); the "entity level" (as inwhether a corporate or financial institution has a robust low-carbon transition plan and adheres to the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work); or "portfolio level" (as in whether an index is aligned with a credible temperature objective or supports poverty reduction). The G-20 Voluntary Principles for Developing Alignment Approaches provide a common foundation for ensuring these alignment approaches are robust and consistent
    DOI: 10.1596/40402
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    The Global State of Financial Inclusion and Consumer Protection, 2022 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2186
    Keywords: Catalysts ; FICP ; Finance and Financial Sector Development ; Financial Education ; Financial Inclusion and Consumer Protection ; Financial Regulation and Supervision ; Financial Sector ; Financial Structures
    Abstract: The Global State of Financial Inclusion and Consumer Protection (FICP) Report, 2022 - which is an update to the 2013 and 2017 iterations of the Global FICP Survey report - details the key findings and provides a source of global data to benchmark efforts by financial sector authorities to improve the enabling environment for financial inclusion and consumer protection. To date, this is the only longitudinal and global survey of this nature. As such, this report serves as a valuable resource to shape the World Bank's country engagements, a reference document for regulators and supervisors and, finally, a tool for both public and private sector actors with an interest in knowing the developments in this sector. The Survey questionnaire covers key topics related to financial inclusion and financial consumer protection (FCP) and aligns with international guidance to financial sector authorities in these areas. Because the report aims to capture both a snapshot as well as trends over time, the survey questionnaire has been modified over the three cycles to reflect the changing policy and regulatory landscape of financial inclusion and consumer protection
    DOI: 10.1596/40335
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    Reserve Management Survey Report 2023 : Insights into Public Asset Management (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2185
    Keywords: Central Banks ; Climate Change and Environment ; Climate Change Mitigation and Green House Gases ; Finance and Financial Sector Development ; Financial Risk Management ; Governance ; Information and Communication Technologies ; Portfolio Management ; RAMP ; Reserve Advisory and Management Partnership ; Strategic Asset Allocation (SAA)
    Abstract: This survey report represents a collaborative effort between Reserve Advisory and Management Partnership (RAMP) and central banks worldwide to advance the understanding and practice of reserve management. The cooperation of all central banks involved is greatly appreciated, and we anticipate that the findings obtained from this survey will make a valuable contribution to the ongoing success and resilience of central bank reserve management
    DOI: 10.1596/40545
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    The Next Generation of Statistical Capacity Building (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 39458
    Keywords: Capacity Building ; Climate Change Impacts ; Data ; Development ; Economic Growth ; Inflation ; Information and Communication Technologies ; Poverty Assessment ; Statistics
    Abstract: The digital revolution has changed the operating environment for statistics and has increased competition in the information space. The operating environment for NSOs has changed significantly in the past decades. Computing power once prohibitively expensive has become affordable even for low-income and lower-middle-income countries. Data that had to be collected manually are now ubiquitous because of digitalization and e-government initiatives, which have also created a constant flow of data from citizens and businesses to government agencies. The rollout of national ID programs, unique business entity identifiers, and national address registers have created the potential for integrating data from disparate databases. However, the vast new technical possibilities have been accompanied by intense competition in the information space. NSOs that were once the main, or in some cases the only, providers of socioeconomic information, are being challenged by new, nimbler, and more data savvy players who are not bound by the rigid definitions and standards of official statistics. The COVID-19 pandemic amplified this trend, with a proliferation of data sites providing near to real-time data on the impact of the pandemic on public health, livelihoods, labor markets, and the economy
    DOI: 10.1596/40471
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    Toward a K-12 Blended Learning Framework for Saudi Arabia (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2113
    Keywords: Blended Learning ; Climate Change Mitigation and Green House Gases ; Economic Growth ; Education ; Energy and Environment ; ICT ; Information and Communication Technologies ; K-12
    Abstract: This report proposes a preliminary guiding framework to define and deploy blended learning models at the K-12 level in the Kingdom of Saudi Arabia. Drawing lessons from international examples and good practices, the proposed framework aims to provide key considerations for the strategic and effective use and integration of Information and Communications Technology (ICT) in K-12 schools
    DOI: 10.1596/40466
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    Republic of Congo Country Climate and Development Report - Diversifying Congo's Economy : Making the Most of Climate Change (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40433
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    Establishing Efficient and Effective Insurance Guarantee Schemes (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Finance and Financial Sector Development ; Insurance and Risk Mitigation ; Insurance Guarantee Schemes ; Liquidation Process ; Resolution Regime
    Abstract: A well-developed efficient insurance sector plays an important role in any economy. This role is supported by effective regulation and supervision with the aim of having a sound insurance sector that is growing, offering adequate covers, contributing to employment and investment, ensuring reduced exposure to poverty, and increasing shared prosperity. These objectives go beyond merely protecting the interests of policyholders. They recognize that the insurance sector plays a much larger role in the economy, even for those who are not policyholders or beneficiaries. Failure of insurers can undermine these objectives. Failure events might best be defined broadly and from a consumer perspective rather than through a literal analysis of a legal definition. It is clear that such events could have an adverse impact on both the policyholders and beneficiaries directly involved as well as the broader market. As a result, the insurance sector maintains a high level of resilient providers with a well-developed system catering to orderly resolution. It is also noted that politics can add to the challenges of managing an insurer failure. Media and local politics can lead to significant pressure either regionally or nationally. While the normal activity of dealing with a crisis event is drawing heavily on the resources of the supervisory authorities, this additional layer of activity is usually not trivial. In some situations, political engagement is needed to secure the necessary mechanisms for resolution. Given the variety of actual situations that arise, it is often the case that politicians need to be engaged in the solution
    DOI: 10.1596/40742
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    Greening ICT : A Case Study in Singapore (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40692
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    Pacific Economic Update, February 2023 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; Finance and Development ; Finance and Financial Sector Development ; Post-Pandemic ; Public Debt ; Social Protections and Assistance ; Social Protections and Labor ; Tourism ; Travel-Dependent
    Abstract: This publication is the inaugural edition of the future publication series on Pacific Economic Update (PEU). It consists of two parts. Part A analyzes the recent economic developments in Pacific Islands. Based on these developments, the PI EU summarizes the outlook for the region's economies and risks to this outlook. Second, the PEU provides an in-depth examination of a public debt issues in the Pacific and proposes policy recommendations to address public debt related challenges. The PEU is intended for a broad set of audience, including regional forums, policy makers, business leaders, international donors and the community of analysts and professionals engaged in the economies of Pacific Island countries. In dealing with the challenges of rising inflation, tepid recovery from the pandemic and global slowdown, the PICs should strike a balance between supporting livelihoods and reducing future public debt risks. The need for fiscal support during the current environment of high inflation and tepid economic recovery is understandable as it provides the much needed relief for vulnerable households and businesses to navigate the crisis. Nonetheless, these support measures create significant fiscal burdens, and are unsustainable, particularly if the high energy and food prices persist longer than envisaged. Most PICs already face low capacity to finance unexpected shocks which would be further tested by a natural disaster event. Therefore, PICs should tread a delicate balance between fiscal support measures and achieving fiscal sustainability. Any forthcoming fiscal support should be well-targeted, time-bound, and deficit-neutral. Over the medium-term, fiscal efficiency gains and ongoing donor support is critical to finance key development challenges and climate adaptation. Revenue-based fiscal consolidation measures could include improving the efficiency of tax collections and eliminating tax exemptions. On the expenditure side, PICs have limited room to sharply cut spending given the expected modest growth and ongoing development needs. Therefore, it becomes imperative to improve the efficiency of public spending, to maximize social dividends for every dollar spent. Resulting savings from fiscal consolidation measures could help build sovereign wealth funds to provide added fiscal buffers during shocks and economic downturns. Due to high vulnerability to disasters and climate change, PICs will need to seek ongoing concessional financing for critical climate adaptation and development needs
    DOI: 10.1596/39523
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    Pacific Island Countries : Financial Stability and Resilience in Turbulent Times (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/39455
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    The World Bank's Role in and Use of the Low-Income Country Debt Sustainability Framework : Independent Evaluation Group (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Climate Change Impact On Debt Growth ; Country Debt Capacity ; COVID-19 Pandemic Impact On Debt ; Debt Sustainability Framework ; Determining Debt Distress ; Economic Conditions and Volatility ; Economic Insecurity ; Finance and Financial Sector Development ; IFC ; Inflation ; Low-Income Country Debt ; Macroeconomics and Economic Growth ; MIGA ; World Bank Debt Data
    Abstract: This evaluation, requested by the Committee on Development Effectiveness of the Executive Board of the International Development Association (IDA), is intended to provide input and insight into the upcoming World Bank-International Monetary Fund (IMF) review of the Low-Income Country Debt Sustainability Framework (LICDSF) currently planned for fiscal year 2023. The sharp rise in debt stress among low-income countries and a changing global risk landscape leading up to and after the onset of the COVID-19 pandemic have pushed concerns with debt sustainability to the top of the global policy agenda. This evaluation assesses the World Bank's inputs into the LIC-DSF and how it uses LIC-DSF outputs to inform various corporate and country-level decisions. Main findings and recommendations include: (i) Expectations of the World Bank in taking the lead on long-term growth prospects should be clarified. (ii) Recently increased attention to debt data coverage should be sustained and extended; greater attention is needed to assess data quality. (iii) The DSA should be more directly and consistently used to inform priorities for the identification of fiscally oriented prior actions in development policy operations and SDFP performance and policy actions. (iv) The World Bank should continue to give increasing attention in the LIC-DSF to the long-term implications of climate change, in terms of both growth and fiscal requirements of adaptation and mitigation
    DOI: 10.1596/39774
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    Sub-National Public Expenditure and Financial Accountability Assessment : Can Tho City, Vietnam (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Finance and Financial Sector Development ; Financial Accountability ; Financial Regulation and Supervision ; National Reform ; Performance Indicators ; Public Expenditure
    Abstract: The World Bank is supporting Can Tho City (CCT) of Vietnam to conduct an analysis of its current public financial management (PFM) arrangements and national legal framework in comparison to good international practices. The main objective of this activity is to inform the design and implementation of a robust PFM reform agenda for the city in 2023-2025. The activity is performed under the framework of the Swiss State Secretariat for Economic Affairs (SECO) Trust Fund for Sub-National Public Financial Management Reform, effective April 2020. This sub-national public expenditure and financial accountability (PEFA) assessment aims to measure the PFM performance of CCT. The assessment will be used by CCT in planning improvements to the administration of its services. It will also facilitate discussions by CCT and development partners with the central government on possible reforms in country PFM system to enable better allocation of resources which would ultimately assist CCT and other sub-national governments (SNG) in the discharge of its functions
    DOI: 10.1596/39705
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    Scaling Up to Phase Down : Financing Energy Transitions in the Power Sector (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Access To Finance ; Clean Energy ; Climate Change Mitigation and Green House Gases ; Energy ; Energy Finance ; Energy Transition ; Environment ; Finance ; Finance and Financial Sector Development ; Low-Income Countries ; Middle-Income Countries ; Paris Agreement ; Power Sector ; Renewable Energy
    Abstract: The Scaling Up to Phase Down approach is a contribution by the World Bank to the ongoing debate on how to accelerate energy transition in low- and middle-income countries (LICs and MICs)-as called for by the 2015 Paris Agreement on climate change-while simultaneously widening access to the reliable and affordable energy that underpins countries' development goals. The approach is intended to be a bridge between the challenges facing World Bank clients who are seeking to transition their power sectors and the development partners supporting their efforts. The energy transition is the process of shifting the global energy system away from the consumption of fossil fuels and toward low-carbon technologies in order to support international goals of limiting climate change. In the next decade, much of this transition will first occur in the power sector because solutions using newer technologies have the potential to become cost competitive with appropriate interventions, and also because the power sector is a powerful pathway for decarbonizing other sectors-most notably transport, buildings, and industry. The power sector is therefore the focus of this report. The power sector transition will advance energy efficiency and decarbonize the energy supply by expanding renewable energy and strengthening electricity networks in order to integrate renewable energy, demand-side management, and end-use electrification. In LICs and MICs, this transition aims to meet the rapidly growing demand for energy in a way that supports inclusive development consistent with net-zero global emissions by mid-century, and builds resilience to the changing climate. A just transition in the power sector should address the needs of workers and communities who are affected by the shift away from fossil fuels; provide modern energy access to millions of people; and protect vulnerable customers from unaffordable energy prices. For the first time, the World Bank has outlined a vision for how the international community can support LICs and MICs to overcome critical barriers that are paralyzing the power sector transition. Drawing on findings of the first set of Country Climate and Development Reports produced by the World Bank, and decades of engagement with energy sector development, this approach distills understanding of the unique challenges that LICs and MICs face in undertaking this transition at the scale and pace required to meet their development and climate needs. The approach may help both World Bank clients and development partners in preparing a roadmap to catalyze and sustain a virtuous cycle that unleashes urgently needed investment in power sector transition. Chapter 1 explains that the capital-intensive nature of clean energy investments, combined with the lack of access to affordable capital, have a disproportionate and distorting effect on the power sector transitions of LICs and MICs. Even where renewable energy has the potential to provide a more affordable energy supply and improve energy security and health, the up-front capital costs that must be borne leave LICs and MICs locked into using costly fossil fuels. Chapter 2 discusses additional barriers to the scaling up of clean energy and the concomitant phasing down of coal. The commitment of governments will be essential in order to foster the policies, regulations, and institutions needed to prepare a pipeline of projects that can attract private capital. This chapter argues that concessional finance is essential in order to overcome the barriers to investments of private capital at the necessary levels. Chapter 3 discusses how public and concessional support must be deployed with a disciplined approach in order to scale up clean energy and energy efficiency. Chapter 4 explains the need to phase down the use of unabated coal, and the instruments to do so in a manner that manages losses and protects the most vulnerable. Chapter 5 concludes the paper with a discussion of how larger and sustained volumes of concessional capital could be more effectively structured within country-based programmatic approaches and technology demonstration partnerships in order to scale up the financial resources and political momentum for transitioning the power sector
    DOI: 10.1596/39689
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    2022 Comoros Public Expenditure Review : Addressing Fiscal Challenges to Foster an Inclusive Growth (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Economic Growth ; Finance and Financial Sector Development ; Fiscal Challenges ; Inclusive Growth ; Macroeconomics and Economic Growth ; PER ; Public and Municipal Finance ; Public Expenditure Review
    Abstract: The Union of the Comoros is a small-island country in Eastern Africa that recorded a modest economic expansion and suffered from various fiscal challenges during the last decade that had an impact on long-term growth. Limited fiscal space to address development needs explains the country's low human capital and poor quality infrastructure, which in turn hamper efforts to increase productivity and private sector growth. In addition, due to low performing State-owned enterprise (SOEs) and weakening economic performance, Comoros faces significant fiscal risks. The analysis presented in this PER supports the efforts of the government of Comoros to enhance public expenditure efficiency, create fiscal space, and limit fiscal risks. The analysis is designed to focus on public investment management (PIM) and public financial management (PFM), identify reforms that could yield fiscal and efficiency gains, and assess the governance of SOEs
    DOI: 10.1596/40112
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    Third GambiaEconomic Update : Accelerating Financial Inclusion to Unleash The Gambia's Growth Potential (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Access to Finance ; Digitalization ; E-Finance and E-Security ; Finance and Financial Sector Development ; Financial Inclusion ; Legal Framework ; Payment Infrastructure
    Abstract: The Gambia's economy continued to recover in 2022, albeit at a subdued pace in a sluggish global economic environment. Real GDP increased by 4.3 percent (1.8 percent in per capita terms) in 2022, unchanged from 2021, when economic growth was recovering from the COVID-19 pandemic following a sharp deceleration to 0.6 percent in 2020. On the supply side, growth was supported by improved agricultural production, which benefited from a relatively rainy season. A deceleration of growth in industry and subdued growth in the services sector explain The Gambia's weak growth performance. Rising world commodity prices and trade disruptions weighed on the economy, as the country is a net importer of oil and food commodities and has experienced negative terms of trade. Growth in industry was affected by rising prices and limited availability of manufacturing and construction inputs. Weak growth in services was linked to a weaker-than-expected recovery in tourism, which, although the number of arrivals increased, was not sufficient to offset weak growth in other subsectors. On the demand side, growth was driven by increased public consumption and infrastructure investment, while private consumption slowed, and exports contracted. Economic growth was 1.3 percentage points (ppts) below initial projections, owing to the spillover effects of Russia's invasion of Ukraine
    DOI: 10.1596/40055
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    Central African Republic - Public Expenditure Review in Key Human Development Sectors : Summary (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2109
    Keywords: Education ; Education Finance ; Finance and Financial Sector Development ; Health ; Health Economics and Finance ; Health, Nutrition and Population ; HRM ; Human Development ; Macro Fiscal Context ; Public and Municipal Finance ; Public Expenditure ; Sustainability
    Abstract: This is an overview of the CAR Human Development (HD) Public Expenditure Review (PER). This overview provides an analytical basis to decision-makers and stakeholders for the formulation of ambitious yet fiscally responsible interventions to improve human capital outcomes in CAR. The PER examines public expenditure trends of the education, health, and social protection (SP) sectors with a focus on adequacy, efficiency, and equity of expenditures as well as human resource management (HRM). The primary objective is to provide analytical insights for government policy development and prioritization strategy as it seeks to achieve a resilient recovery and rebuild its education and health sectors and establish a strong SP system which will help the poorest households invest and protect their own human capital. The PER can also serve as a useful source of knowledge and information to development partners seeking to deepen the impact of their support to the human capital development sectors. The recommendations put forth by the PER are those identified as fiscally sustainable and most important for rebuilding and strengthening human capital development sectors, including a focus on future human resource (HR) recruitment needed in the education and health sectors
    DOI: 10.1596/40337
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    Greening Public Administration with GovTech : Embracing a Green Digital Transition: Guidance Note - Volume 1 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 39458
    Keywords: Adaptation To Climate Change ; Digital Technologies ; E-Government ; Environment ; Governance ; Govtech ; Green Transition ; ICT Applications ; Information and Communication Technologies
    Abstract: Governments are increasingly seeking opportunities to leverage digital technologies to build a greener future. This guidance note provides useful advice to policy makers underlining adequate leadership and commitment are crucial to implement coordinated GovTech and Green policies. The climate change impacts of digitalization can provide the benefits of green digital service delivery, paperless administration, and the efficiency of integrated services for a reduction of the carbon footprint. The guidance note will focus on "greening Public Administration through GovTech" defined as GovTech policies, initiatives, and/or solutions that embrace environmental considerations by design, maximizing the green benefits and considering the potential negative impacts, for example through digitalization of government processes. This guidance note is centered around three main topics: (i) the green government process through digital solutions; (ii) greening digital service delivery; and (iii) identifying policy mechanisms to mainstream green digital approaches throughout government systems
    DOI: 10.1596/40594
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    Private Sector Opportunities for a Green and Resilient Reconstruction in Ukraine : Synthesis Report (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2162
    Keywords: Access To Finance ; Accommodation and Tourism Industry ; Agricultural Sector Economics ; Agriculture ; Commercial Sectors ; Domestic Private Financing ; Finance and Financial Sector Development ; Green Growth ; Industry ; Infrastructure ; Infrastructure Economics and Finance ; Infrastructure Finance ; Private Sector Development ; Private Sector Economics ; Private Sector Investment ; Social Sectors
    Abstract: In March 2023, the Second Rapid Damage and Needs Assessment (RDNA2) identified USD 411 billion worth of investments required for Ukraine's reconstruction. The World Bank Group's new report "Private Sector Opportunities for a Green and Resilient Reconstruction in Ukraine", developed in cooperation with Ukraine's government, assesses the potential for private financing to meet these needs under both a status quo scenario and a scenario with reforms and other sectoral interventions
    DOI: 10.1596/40562
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    Building Green : Sustainable Construction in Emerging Markets (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2201
    Keywords: Access To Finance ; Adaptation To Climate Change ; Carbon Emission Reduction ; City Development Strategies ; Climate Change Adaptation ; Climate Change Mitigation and Green House Gases ; Construction Materials ; Decarbonization ; Developing Countries ; Emerging Markets ; Environment ; Finance and Financial Sector Development ; Sustainable Construction ; Urban Development
    Abstract: How developing countries meet their rising building needs will be pivotal to the world's climate future. The good news is that the projected emissions growth in construction value chains can be reduced significantly with the application of existing technologies, new financing instruments, and the implementation of appropriate policies. Even as emerging economies meet the rising demand for residential and commercial buildings, it is possible to reduce total emissions from the sector below today's level by 2035. To avoid perpetuating the status quo, decisive action is needed by policy makers, developers, construction material producers, financiers, and international development institutions. IFC is launching this report to guide international efforts to decarbonize construction value chains. Building Green: Sustainable Construction in Emerging Markets was prepared through close collaboration between IFC economists, investment officers, and building and constructionsector specialists. The report provides a comprehensive analysis of the challenges of reducing carbon emissions from construction value chains in developing countries, but also the considerable opportunities that willcome from mobilizing the estimated USD 1.5 trillion of investment required for this transition
    DOI: 10.1596/40561
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    Digital Hotspots : Developing Digital Economies in a Context of Fragility, Conflict and Violence (2023)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2204
    Keywords: Digital Economies ; Digital Sectors ; FCV ; Gender Monitoring and Evaluation ; Information and Communication Technologies ; Telecommunications
    Abstract: Currently, about ten percent of the global population lives in economies affected by Fragility, Conflict, and Violence (FCV). Climate change, rising inequality, demographic change, sovereign debt and other global trends render fragility increasingly more complex. In recent years, it has become widely recognized that the adoption of digital technologies "can" make a significant contribution to poverty reduction and socio-economic development in countries and regions around the globe, both FCV and non FCV alike, though it is far from sure that they "will". The purpose of this report is therefore to provide an analytical backbone to underpin financial commitments to growing digital economies in FCV countries. The report presents case studies of countries that are recovering from different levels and stages of conflict, with a view towards identifying needed actions to keep ICT sectors afloat in FCV economies. Specifically, the report provides case studies of the development of the telecom sector in Afghanistan, Iraq, Libya, Somalia, South Sudan, Syria and Yemen
    DOI: 10.1596/40549
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    A Review of Disaster Risk Management for Fragility, Conflict and Violence Countries in the World Bank Portfolio : Fiscal Years 2012-2022 (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 40504
    Keywords: Access To Finance ; Adaptation to Climate Change ; Conflict and Development ; Disaster Risk Management ; Finance and Financial Sector Development ; Fragility, Conflict and Violence ; Gap Analysis ; Gfdrr Portfolio ; Innovation ; Labor Markets ; World Bank Financing
    Abstract: This portfolio review, led by the Global Facility for Disaster Reduction and Recovery's (GFDRR) Disaster-FCV Nexus thematic area, aims to contribute to the GFDRR's overarching objective to help low- and middle-income countries understand and reduce their vulnerability to natural hazards and climate change. More specifically, the report aims to i) assess financing trends in World Bank (WBG) Disaster Risk Management (DRM) activities in Fragility, Conflict and Violence (FCV) countries over the fiscal year (FY) period 2012-2022, ii) understand key challenges for operational teams; identify and disseminate lessons and best practices, and iii) recommend ways to inform the GFDRR's work on the Disaster FCV Nexus and integrate the nexus into WBG operations. The primary audience for this portfolio review is WBG task teams and managers, but it may also interest current and possible new donors to the GFDRR
    DOI: 10.1596/40505
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    Unlocking the Potential of Women and Adolescent Girls in Madagascar - Challenges and Opportunities in Increasing Women's and Girls' Economic Empowerment : Cahier 3 (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40430
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    Digital Transformation of Philippine Higher Education (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Education Study
    Keywords: Connectivity ; Digital Transformation ; Education ; Education For the Knowledge Economy ; Government Information Network ; Higher Education ; Higher Education Reform ; ICT Applications ; ICT Policy and Strategies ; Information and Communication Technologies ; Internet ; Social Protections and Labor ; Vocational and Technical Education
    Abstract: The Digital Transformation of Philippine Higher Education recommends a medium-term strategy for the Commission on Higher Education (CHED). Chapter 1 presents an overview of the Philippine higher education sector and analyzes the sectoral and country context for digital transformation of higher education. Chapter 2 discusses the foundations and pillars that support digital transformation as well as the building blocks of common and shared platforms and services for students and academic, research, and administrative stakeholders in higher education. Based on the findings in Chapter 1 and global good practices on digital transformation in Chapter 2, Chapter 3 recommends strategic goals and actions for CHED and HEIs as well as other higher education key players to digitally transform Philippine higher education
    DOI: 10.1596/38481
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    Institutional and Procurement Practice Note on Cloud Computing : Cloud Assessment Framework and Evaluation Methodology (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Equitable Growth, Finance and Institutions Insight
    Keywords: Cloud Computing ; Data Classification ; Governance ; Information and Communication Technologies ; Information Technology ; Institutional Framework ; Security
    Abstract: Despite widespread awareness on the benefits of cloud computing, authorities in most of the World Bank's client countries have not explored the opportunity of adopting cloud computing solutions. Task teams are finding it difficult to provide relevant advice to the counterparts and address their concerns. Most authorities have identified risks of moving to cloud computing: Will their data be safe? Will they have sovereign control over access to data stored offshore? Will privacy be protected? These risks are real. Due to an inadequate assessment framework to identify and assess these risks, the typical response of most client governments is to develop a government's cloud (G-Cloud or GovCloud). This seems logical for more sensitive or mission critical data. However, this is not enough. Adopting a hybrid cloud model, which leverages the cloud services from the private sector to work in conjunction with the G-Cloud can offer immense opportunities to save costs, improve security, enhance performance, and strengthen resilience in a post COVID-19 world. However, client governments need guidance to change their policy response on cloud computing - from the risk-avoidance to the one of risk-management. This note provides guidance on institutional and procurement arrangements and risk mitigation methodology for acquiring and managing public cloud solutions using a whole-of-government approach
    DOI: 10.1596/39549
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    Digital Economy for Latin America and the Caribbean - Country Diagnostic : Colombia (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Digital Businesses ; Digital Economy ; Digital Financial Services ; Digital Infrastructure ; Digital Public Platforms ; Digital Skills ; E-Finance and E-Security ; Finance and Financial Sector Development ; Infrastructure Economics and Finance ; Infrastructure Finance ; Infrastructure Regulation ; Trust Environment
    Abstract: This report analyzes the current state of, challenges to, and opportunities for the development of a digital economy and proposes six policy priorities for the Government of Colombia (GoC). The report is based on the World Bank's Digital Economy Assessment methodology, which analyzes the digital economy across six pillars or foundational elements: digital infrastructure, digital platforms, digital financial services, digital businesses, digital skills, and trust environment
    DOI: 10.1596/39906
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    Difference Maker : A Story of the Seoul Center Korea Trust Fund Impactin the East Asia and Pacific Region (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: DEBT ; Economic Forecasting ; Economic Growth ; Excessive Credit Growth ; Finance and Development ; Finance and Financial Sector Development ; Financial Inclusion Gaps ; Financial Sector Reform ; Macroeconomics and Economic Growth
    Abstract: The Republic of Korea's astonishing economic development commenced shortly after the end of the Korean war. Today, Korea is the world's tenth largest economy based on gross domestic product, a key development partner of the World Bank Group, an important contributor to the International Development Association, the fund established to support the world's poorest countries, and a unique international donor. Over the past decade, the East Asia and Pacific region has experienced significant economic growth and development. This has been especially evident in the financial sector. Nevertheless, many challenges remain. Risks such as excessive credit growth, asset bubbles, high levels of household and corporate debt have emerged, increasing the vulnerability of the financial sector to shocks. Consequently, ensuring the stability and resilience of the financial sector is crucial for sustainable economic development in the region. When it comes to financial inclusion, despite the good progress made in many developing countries in the region, there are still significant gaps across the region. A large portion of the population in some countries in the region especially in rural areas and among vulnerable groups, still lack access to formal financial services such as savings account and payment systems. This hampers their ability to save, invest and participate in the formal economy, limiting their economic opportunities and potential growth. Against this backdrop, with the support of the Korea Trust Fund, the World Bank has made a significant impact in enhancing the financial sector in the East Asia and Pacific region. These selected stories speak to the positive impact that the Seoul Center's partnership with the Ministry of Economy and Finance has had within the recipient countries. The booklet presents these in detail
    DOI: 10.1596/39899
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    World Bank Annual Report 2023 : A New Era in Development (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40219
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    The Leaders of the Twin Transition in Asia : Mapping Capabilities through Digital and Green Patents (2023)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation to Climate Change ; Digital and Green Patents ; Environment ; ICT Applications ; Information and Communication Technologies ; Transition Technologies ; Twin Transition
    Abstract: The objective of this project is to map the East Asian metropolitan areas that are leading the digital and green transition (twin transition). The research will leverage patent data to identify green technologies and digital technologies in which East Asian metropolitan regions have managed to develop a relatively strong position, how such positions have changed over time, and to what extent both types of technologies tend to support or reinforce each other. The knowledge piece will provide high-end data visualizations and analytics to inform policymakers and stakeholders and better leverage knowledge in these different ecosystems
    DOI: 10.1596/40222
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    Taking Stock, August 2023 : Making Public Investment Work for Growth (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40169
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    Kingdom of Eswatini Economic Update, August 2023 : Raising the Game with Efficient State-Owned Enterprises (2023)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Forecasting ; Economic Growth ; Finance and Financial Sector Development ; Fiscal Deficit ; Macroeconomics and Economic Growth ; Poverty ; Public and Municipal Finance ; SOE ; Unemployment
    Abstract: Eswatini's economy has been characterized by persistent low growth, high fiscal deficits, and unprofitable state-owned enterprises (SOEs). Without significant reform, the country is unlikely to achieve its socioeconomic aspirations, and poverty and unemployment are likely to remain high. These problems are exacerbated by the difficult external environment, with subdued global demand and volatile international prices. In this context, the government of Eswatini recognizes that the country needs a series of policy reforms to unleash the potential of the private sector. It also needs to improve the efficiency of SOEs in strategic sectors, which deliver services to many businesses and households. This report is divided into two parts. Part 1 discusses recent economic developments in the global and domestic economy and assesses Eswatini's short and medium-term prospects. Part 2 reviews the role that SOEs can play in the government's efforts to enhance economic performance. It assesses both their contribution to the economy and their limitations to suggest directions for reform
    DOI: 10.1596/40154
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    Enablers of Inclusive Cities : Enhancing Access to Services and Opportunities (2023)
    Washington, D.C : The World Bank
    Details
    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
    DOI: 10.1596/40642
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    e-Gov Assessment in Republika Srpska : Rapid Assessment Results (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2206
    Keywords: Digital Government Strategy ; Digitization Policy ; E-Governance Transition ; E-Government ; Electronic Registries ; European Commission ; Finance and Financial Sector Development ; Governance ; Information and Communication Technologies ; Sustainable Digital Transformation
    Abstract: This report, which is funded by the EU under the Support to Public Sector Management Reform Project in BiH, presents an assessment of e-services and key enablers that underpin an efficient and user-centric digital government in the RS, including recommendations for further development. The assessment was conducted at the request of and in close collaboration with the RS Ministry of Scientific and Technological Development, Higher Education and Information Society (MNRVOID). The report is meant to inform the RS Government's future reform plans in the area of digitization
    DOI: 10.1596/40603
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    Sierra Leone Economic Update 2023 : Enhancing Value Chains to Boost Food Security (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Keywords: Access To Finance ; Finance and Financial Sector Development ; Food and Nutrition Policy ; Food Security ; Food Systems ; Health, Nutrition and Population ; Stability ; Value Chains
    Abstract: Sierra Leone's economy experienced overlapping setbacks during 2022, as external spillovers from the Russian invasion of Ukraine aggravated domestic macroeconomic vulnerabilities. This led to high levels of inflation, a substantially weaker currency, greater imbalances in public finances, and lower foreign exchange reserves. GDP growth slowed in 2022 (from 4.1 percent in 2021 to 3.5 percent) bringing the average GDP growth since the onset of the COVID-19 pandemic to only around half of the pre-pandemic trend. High global energy and fertilizer prices coupled with a weaker currency translated into accelerating inflation which rose from 12percent in 2021 to 27 percent in 2022, and further to over 50 percent by August 2023, threatening the welfare of households and worsening food insecurity and poverty
    DOI: 10.1596/40586
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    Armenia Public Expenditure Review : Improving Spending Efficiency (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2109
    Keywords: Capital Spending ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Macro-Fiscal Policy ; Macroeconomics and Economic Growth ; Public and Municipal Finance ; Public Health Spending ; Social Protection ; Universal Health Insurance
    Abstract: Armenia's fiscal performance has improved during the past two decades, supported by reforms. Revenue collection has converged with income and regional peers, overall spending levels have remained prudent, and debt levels remain sustainable. Fiscal policy has been counter-cyclical and progressive but has had a limited impact on economic growth. Spending efficiency is a key area of concern. Expenditure efficiency in areas such as infrastructure, road transport, health, and education are significantly behind the global efficiency frontier. The fiscal implications associated with the policy proposals in the 2021-2026 government program are significant. How can fiscal policy support the implementation of the government's key policy proposals while ensuring the sustainability of public finances This is the main question for this Public Expenditure Review (PER). To answer it, this PER will (i) analyze past fiscal performance; (ii) assess the medium-term fiscal impacts of selected policy proposals that are currently being considered such as increase in pensions, changes to social assistance, increased health expenditures, and increased capital expenditure; and (iii) propose options to improve spending efficiency in select areas to provide options for the government to use the available fiscal space to effectively implement these policy proposals
    DOI: 10.1596/40563
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    Building a Better Future : IFC Annual Report 2023 Financials (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2128
    Keywords: Education Reform and Management ; Finance and Financial Sector Development ; Financial Data ; Financial Results ; Global Outlook ; IFC ; Information Technology
    Abstract: This Management's Discussion and Analysis (MD and A) discusses the financial results of the International Finance Corporation (IFC or the Corporation) for the fiscal year ended June 30, 2023 (FY23). The MD and A contains forward looking statements which may be identified by such terms as "anticipates," "believes," "expects," "intends," "plans", "aims" or words of similar meaning. Such statements involve a number of assumptions and estimates that are based on current expectations, which are subject to risks and uncertainties beyond IFC's control. Consequently, actual future results could differ materially from those currently anticipated. IFC undertakes no obligation to update any forward-looking statements. Certain reclassifications of prior years' information have been made to conform with the current year's presentation
    DOI: 10.1596/40507
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    GovTech in Fragile and Conflict Situations Trends, Challenges, and Opportunities (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 39458
    Keywords: Adaptation to Climate Change ; FCS ; Fragility and Conflict ; Governance ; GOVTECH ; Information and Communication Technologies ; Insurance and Risk Mitigation ; Investment and Investment Climate ; Political Economy ; Reforms
    Abstract: This report takes stock of the development of GovTech solutions in Fragile and Conflict-Affected Situations (FCS), be they characterized by low institutional capacity and/or by active conflict and provides insights on challenges and opportunities for implementing GovTech reforms in such contexts. It is aimed at practitioners and policy makers working in FCS but will also be useful for practitioners working in Fragility, Conflict, and Violence (FCV) contexts, at-risk countries, or low-income countries as some similar challenges and opportunities can be present. Chapter 1 describes the methodology and provides basic definitions of FCV and GovTech as well as the rationale for the report. Chapter 2 provides an overview of GovTech in FCS, based on the analysis of GovTech Maturity Index (G_TMJ) data, and common challenges to GovTech in FCS. Chapter 3 analyzes the state of GovTech reforms per pillar in FCS and illustrates these with selected examples. Chapter 4 concludes with some recommendations for designing and implementing GovTech projects in these contexts based on the analysis
    DOI: 10.1596/40484
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    Mauritius Public Expenditure Review - From Resilience to Performance : Modernizing Fiscal Policies to Boost Mauritius's Growth Post-pandemic (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Education Equity ; Finance and Development ; Finance and Financial Sector Development ; Fiscal Policies ; Private Sector Development ; Public and Municipal Finance ; Public Finance Management
    Abstract: Mauritius's economy has grown dramatically since the country's independence in 1968, and its rapid development offers a powerful example for developing economies worldwide. However, growth dynamism has waned in recent years. In addition, Mauritius was hard-hit by the COVID-19 pandemic and headwinds from Russia's war in Ukraine. Nevertheless, Mauritius has shown strong resilience, and with an economic recovery now well underway, the government has an opportunity to implement structural reforms to boost inclusive growth and sustainably regain high-income status. Reorienting the country's fiscal policy will be critical to this effort, to better align revenues and expenditures and to strengthen macroeconomic stability, which played a major role in Mauritius's economic success. Mauritius's transition to a knowledge-based economy will also require a robust competitive environment and sustained investment in human capital and innovation. This report identifies opportunities to enhance the impact of fiscal policy on macroeconomic stability and accelerate the transition toward greener, more resilient, and knowledge-based growth. The recommended reforms are designed to prioritize investment in productive assets while continuing to meet the social needs of an aging society in a cost-effective manner and strengthening resilience against climate change and other shocks. The report also identifies opportunities to leverage Mauritius's low-carbon growth potential in line with the focus of its most recent budgets
    DOI: 10.1596/40788
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    Advancing Disaster Risk Finance in Dominica (2023)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Catastrophe Risk Financing Strategy ; Disaster Risk Insurance ; Disaster Risk Strategy ; Economic Policy, Institutions and Governance ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance and Risk Mitigation ; Macroeconomics and Economic Growth ; Natural Disaster Preparedness ; Ukaid ; Urban Development
    Abstract: The objective of this report is to make recommendations for the Government of the Commonwealth of Dominica (GoCD) for the formulation of a country-specific comprehensive disaster risk financing (DRF) strategy, based on the assessment of the legislative, financial management, fiscal, and insurance market environment in Dominica. The key activities of the present review are twofold: (a) to review the existing data that would inform the quantification of Dominica's contingent liabilities to natural hazards, as well as current practices in DRF and (b) to conduct a review of the existing public financial management (PFM) and insurance market with respect to DRF by reviewing laws, regulations, practices, existing protocols and systems, and macroeconomic conditions. This report is envisioned to be used as a planning tool for the potential development of a comprehensive DRF strategy that would equip the Ministry of Finance and Investment (MoF) with information and instruments to manage contingent liabilities posed by natural hazards. This report presents recommendations for a cost-effective DRF strategy in Dominica, drawing heavily on international experience, country-specific information, and similar conditions in Small Island Developing States (SIDS) with limited fiscal space. These complementary resources for a national DRF strategy are based on a preliminary fiscal risk analysis and a review of the current budget management of disasters in Dominica. The report benefits from the international experience of the World Bank and the approach outlined in its operational DRF and insurance framework, which has assisted several countries worldwide, including in the Caribbean (Belize, Grenada, St. Vincent and the Grenadines, Jamaica, and so on) in the design and implementation of sovereign catastrophe risk financing strategies. This report tailors the approach to the institutional, social, and economic context of Dominica
    DOI: 10.1596/40753
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    Racing Against Time : World Bank Economic Monitoring Report to the Ad Hoc Liaison Committee (2023)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Parallel Title: Erscheint auch als Racing against time
    Keywords: Wirtschaftsentwicklung ; Kreditmarkt ; Entwicklung ; Tendenz ; CBRs ; Economic Development ; Finance and Development ; Finance and Financial Sector Development ; Fiscal ; Health Systems Development and Reform ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Palestinian Economy ; West Bank and Gaza
    Abstract: Operating in environments marked by fragility, conflict, and violence poses complex and distinct challenges, and the Palestinian case is no different. A significant body of literature has emphasized the specific bottlenecks that exist, ranging from - in the first place - the movement, access, trade, and investment restrictions imposed by the Government of Israel (GoI) on the West Bank, and the near-blockade of Gaza, the noncontiguous geography of the territories, to the program advanced by the Palestinian Authority on structural reforms lacking momentum, and increasing penury of foreign aid. Numerous analytical and policy papers - spanning at least three decades, since the establishment of the AHLC forum - have emphasized the severity of the challenges at hand and the imperative of fostering cooperation among all parties. Despite relative clarity on the objectives, progress on the implementation of priorities has been modest, resulting in increased complexity and urgency at the present day. At the behest of the AHLC, this report aims to guide the renewed efforts of the PA and the GoI, the global community, and - more broadly - all relevant policymakers and stakeholders, as they lay the groundwork for sustainable growth and shared prosperity in the Palestinian territories and the wider region. In line with the above, the findings of this report are unsurprising. Unlocking the economic potential of the West Bank and Gaza requires urgent action, in order to spur per capita growth beyond near-stagnation levels, as well as to put the fiscal situation on a sounder footing. The removal, or at least a significant reduction, of restrictions by Israel is a vital prerequisite. Simultaneously, steadfast commitment by the PA to the implementation of a comprehensive reform agenda will be paramount to bolster both recovery and resilience, along with reinforcing institutional governance. In addition, as this report indicates, addressing shortfalls in the health sector will be pivotal to improve the efficiency of public spending, safeguarding human capital, improving service delivery, and revitalizing economic opportunities in a context marked by decades of fragility. While underscoring the burning pressure of these challenges, the World Bank remains fully committed to continuing its close technical collaboration with the PA, the GoI, and all relevant development partners, to help forging a path towards stability, security, economic progress and prosperity, and to contribute to the collective aspiration for a brighter future
    DOI: 10.1596/40403
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    Supporting Resilient Coastal Economies in Vietnam : Informing the operationalization of Vietnam's Marine Strategy with international experiences (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Covid-19 ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Natural Resources Management
    Abstract: Inclusive and environmentally sound sustainable development re - quires managing natural resources that societies depend on for the long term. In the context of marine and coastal resources which pro - vide an important source of income for large numbers of households and revenue for countries, this implies balancing the economic, social, and environmental dimensions of the use of the natural resources in marine and coastal areas. The term "blue economy" is increasingly being used to describe this balanced approach. For coastal countries such as Vietnam, the importance of its marine economy is well known. The country has used the goods and services provided by the natural assets in its near-shore and coastal areas - including fisheries, mangroves, wetlands, lagoons, and sandy beaches - for tourism, production of seafood, and controlling climate events that cause erosion and weathering. The purpose of this report is to inform the operationalization of the strategy for the sustainable development of Vietnam's marine economy by 2030, with a vision to 2045 by providing relevant insights from international experiences with blue economy development. The World Bank definition for blue economy - to promote economic growth, social inclusion, and preservation or improvement of livelihoods while at the same time ensuring environmental sustainability - is used as a guiding framework for this work
    DOI: 10.1596/37697
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    Djibouti Economic Monitor, Fall 2022 (2022)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; ICT Economics ; ICT Policy and Strategies ; Information and Communication Technologies ; Information Technology ; Macroeconomics and Economic Growth ; Private Investment
    Abstract: Djibouti's economic activity has slowed since the beginning of 2022, after the rebound observed in 2021. Fiscal pressure has increased as a result of measures to mitigate the impact of the war in Ukraine, worsening drought, and a sharp increase in debt service in 2022. Rising international energy and food prices generated high year-on-year inflation. The external current account' deteriorated further in 2022. The banking sector has remained generally stable and sound, despite the many shocks facing the Djibouti economy. Djibouti's economy is expected to recover gradually over the medium term. There are several risks to Djibouti's mediumterm prospects: (i) a further deterioration in the fiscal situation resulting from a continued accumulation of public debt, a continued decline in revenues, and increased tax exemptions; (ii) potential shocks in the global transport and logistics value chains (particularly important for the activities of port-related public enterprises); (iii) the continuation or possible intensification of the Ethiopian crisis; and (iv) climatic shocks, including drought and floods. To strengthen its resilience to the multiple exogenous shocks it faces, Djibouti is implementing a strategy to diversify its port activities in order to capture more value added in international trade. This strategy includes the development of a ship repair yard, a new oil terminal and a new business district at the old portrait In addition, to address the impact of climate change, Djibouti is developing a national strategy for the promotion of a green economy whose activities will help generate additional income for the population through the development of ecotourism activities in addition to their beneficial impact on climate change. In this context, the development of networks and the use of digital technology offer Djibouti significant potential for creating economic and social opportunities
    DOI: 10.1596/38325
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    Federated Ecosystems for Digital ID : Current Approaches and Lessons (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Public Sector Study
    Keywords: Amazon ; Digital Id Credentials ; Facebook ; Google Accounts ; ICT Data and Statistics ; Information and Communication Technologies ; Log-In ; Services on the Internet ; Websites
    Abstract: The focus of this paper is on federations that provide digital ID credentials and services recognized by governments for official purposes, in other words, accessing government services, and may also be accepted or required for certain services in the private sector that require higher levels of assurance-for example, the opening of a bank account. Other forms of digital ID and federation provided and used only by private sector entities-such as using Facebook, Amazon, or Google accounts to log-in to other websites or services on the internet via federation protocols-are not considered here
    DOI: 10.1596/38443
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    Striving for Clean Air : Air Pollution and Public Health in South Asia (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Air Quality Guideline ; Finance and Financial Sector Development ; WHO ; World Health Organizations
    Abstract: Nine out of the world's 10 cities with the worst air pollution are in South Asia. South Asians are exposed to extremely unhealthy levels of ambient air pollution, especially in densely populated, poor locations. The World Health Organization's (WHO) Air Quality Guideline recommends that concentrations of PM2.5 - small dust or soot particles in the air - should not exceed an annual average of 5 micrograms per cubic meter (mu g/m3). But in South Asia, nearly 60 percent of the population lives in areas where concentrations of PM2.5 exceed an annual mean of 35 mu g/m3. In the densely populated Indo-Gangetic Plain, it is over 20 times the level that the WHO considers healthy (100 mu g/m3 in several locations). Ambient air pollution is a public health crisis for South Asia, not only imposing high economic costs but also causing an estimated 2 million premature deaths each year. The health impacts of air pollution range from respiratory infections to chronic diseases, and from serious discomfort to morbidity and premature mortality. This drives up healthcare costs, lowers productive capacity, and accounts for lost days worked
    DOI: 10.1596/38417
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    The Metaverse (2022)
    Washington, D.C : The World Bank
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    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Sector/Thematic Studies
    Keywords: Avatar ; Decentralization ; Economic System ; Information and Communication Technologies ; Information Technology ; Interoperability ; Metaverse ; Virtual World
    Abstract: The Metaverse, widely regarded as a successor to today's internet, is a concept embodying a unified digital world that is tightly connected to the physical world. In the Metaverse, people can interact without physical or geographic constraints and enjoy a compelling sense of social presence. This offers a positive impact on the real world in various areas. In addition, the Metaverse can serve as a globally unified economic system for digital content that enables entities in different countries to interact frictionlessly. The emerging technologies curation series aims to capture and share Korea's experience and lessons learned in regard to the exploration and adoption of emerging technologies such as blockchain, AI, edge-computing, IoT, 5G, and so forth. This third issue in the series briefly describes the Metaverse and its potential for solving development challenges, alongside key highlights of Korea's experience
    DOI: 10.1596/39957
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    Creating Markets In Namibia : Creating Resilient and Inclusive Markets - Country Private Sector Diagnostic (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Private Sector Development, Privatization, and Industrial Policy
    Keywords: Agribusiness ; Agriculture ; Energy ; Finance and Financial Sector Development ; Housing Finance ; Private Investment ; Private Sector ; Private Sector Development ; Private Sector Economics ; Renewable Energy
    Abstract: Since achieving independence in 1990, Namibia's remarkable growth has been fueled by foreign direct investment and enabled by prudent economic management. Since 2016, however, growth has declined steadily and the economy fell into recession, exposing the vulnerability of Namibia's economic growth model to external and climate shocks. These challenges were exacerbated by the Coronavirus (COVID-19) pandemic, an economic slowdown in neighboring South Africa, worsening terms of trade on the back of declining global demand and commodity prices, a decline in Southern African Customs Union (SACU) revenues, and the effects of crippling droughts on agricultural and industrial production. Namibia has very high levels of poverty and inequality, which are largely driven by high levels of unemployment. The primary objective of this Country Private Sector Diagnostic (CPSD) is to identify near and medium-term reform opportunities to revitalize the private sector and help reposition Namibia's growth on a green, resilient, and inclusive trajectory. This CPSD explores priority reform opportunities to address five cross-cutting bottlenecks: (1) enhancing the role and performance of the state-owned enterprise (SOE) sector through a more effective competition policy environment; (2) strengthening implementation of the public-private partnership (PPP) framework to expand private investments, especially in infrastructure; (3) leveraging the potential for digital transformation of the economy; (4) addressing inefficiencies in logistics and trade facilitation; and (5) tapping opportunities in the water sector for green and resilient growth. The diagnostic then looks in depth at three sectors prioritized by the Namibian government - renewable energy, climate-smart agribusiness, and housing, and provides recommendations for reducing sector-specific bottlenecks to stimulate growth potential
    DOI: 10.1596/38334
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    Sectoral Approach to the Drivers of Productivity Growth in Poland : A Firm-Level Perspective on Technology Adoption and Firm Capabilities (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: Competitiveness and Competition Policy ; Information and Communication Technologies ; Information Technology ; Private Sector Development
    Abstract: The report presents the main structural characteristics of the sectors included in the Technology Adoption Survey (TAS) implemented in Poland and provides sectoral TAS results for general and sector-specific business functions, comparing Poland to a peer country, Korea. Nine sectors analyzed within TAS include agriculture, food processing, wearing apparel, motor vehicles, pharmaceuticals, basic metals, wholesale and retail trade, financial services, and land transport. These form a selection of the most important economic industries in agriculture, manufacturing, and services. The same sectors were chosen in all countries where TAS was implemented because of their important contributions to the national economies as well as their diversity, which allowed us to identify the different natures of their technological needs and the barriers to technology adoption. Sectors in Poland differ in technology sophistication in both general business and sector-specific functions but, to a large extent, those differences are driven by the sectors' structural differences, such as the number of large firms, the share of exporters, and the number foreign-owned enterprises. Firms in different sectors face different economic conditions and are exposed to a different balance of regulatory, environmental, and geopolitical risks and challenges. Understanding those sectoral differences, especially as they affect the use of sector-specific technologies, is of utmost importance, because productivity improvements historically have been driven primarily by capital-intensive investment, which often involves sector-specific technologies. In the context of sector-specific technologies, it is worth noting that the level of sophistication differs between sectors. Comparing technology trends across sectors is beyond the scope of this report, however; rather, here we closely follow the methodology described in Bridging the Technological Divide: Technology Adoption by Firms in Developing Countries
    DOI: 10.1596/38269
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    An Introduction to Developing a Risk-Based Approach to Financial Consumer Protection Supervision (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Accountability Study
    Keywords: Consumers ; Finance and Financial Sector Development ; Financial Products and Services ; Foreign Direct Investment ; Foster Compliance Across the Financial Market
    Abstract: Financial products and services play a significant role in enabling consumers to build their resilience, seize opportunities, and meet essential needs but consumers also face risks when engaging with such products and services. This is due to a range of factors, including information and power asymmetries and abusive or overly aggressive market practices. Although an ongoing effort, over the past decade significant progress has been made around the world to strengthen FCP regulatory frameworks. Policy makers have been incorporating a broader range of regulatory approaches to protect consumers from inappropriate market practices, assist consumers to make better-informed decisions regarding the use of financial products and services and ultimately achieve better outcomes for consumers. However, such regulatory frameworks must be operationalized, including through supervision, to be effective. Authorities are increasingly turning to the task of developing appropriate supervisory processes and frameworks to monitor and implement FCP regulation effectively and foster compliance across the financial market as well as good conduct and consumer outcomes more generally. Undertaking FCP supervision can be a daunting task given the wide range of financial products, providers, and issues to be considered, combined with limited supervisory capacity and resources. This note seeks to assist in addressing this critical knowledge gap by providing introductory guidance on key issues, constraints, and decisions that Authorities should consider when establishing RBS for FCP. Given the need to customize RBS models to the characteristics of each country and its existing supervisory infrastructure, this Note does not specify predefined solutions but provides Authorities interested in implementing an RBS model with an overview of various matters to be considered when designing a tailored RBS approach, with the aim of assisting the planning and development of a context-appropriate approach. A range of practical examples are provided as illustrations
    DOI: 10.1596/38419
    URL: lizenzpflichtig
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  • 93
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    Handbook for Scaling Irrigation Systems (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agricultural Study
    Keywords: Access To Finance ; Agricultural Irrigation and Drainage ; Agriculture ; Asset Management ; Finance and Financial Sector Development ; Financial Structures
    Abstract: The demand for more efficient use of land and water resources to enable farmers to produce food using climate-resilient processes continues to grow in the face of a growing global population and the impacts of climate change and other shocks such as Coronavirus (COVID-19). Although irrigation has been widely promoted as important for productivity and resilience, it has not been sufficiently expanded. Large, well-established irrigation projects developed by public institutions and select private sector projects play an important role in providing access to irrigation, but they are insufficient to meet need. In parallel, farmers have been developing effective small-scale irrigation (SSI) options that include a range of technologies, financing methods, and operating models. International Finance Corporation (IFC) and the International Fund for Agricultural Development (IFAD) are global organizations focused on promoting resilient agriculture and food system transformation. This handbook takes a practical approach in guiding its target readers, which comprise policy makers, governments and government agencies, private sector actors, and development institution partners, on how to deliver effective design and operation strategies, combined with financing models, to implement and sustainably expand use of irrigation
    DOI: 10.1596/38336
    URL: lizenzpflichtig
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  • 94
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    Opportunities for All : Brazil Policy Notes 2022 (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Access and Equity in Basic Education ; Education ; Education For All ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Global Markets ; Green Growth ; Green Issues ; Illegal Deforestation ; Inclusion ; Productivity ; Social Development ; Social Inclusion and Institutions ; Sustainable Development Financing
    Abstract: This package of Public Policy Notes is directed to Brazilian policy makers and society to present the World Bank Group's overview of key challenges facing the country at this juncture, and possible ways forward to address them. We present an agenda prioritized around four issues of core relevance to Brazil's recovery and its future resilience. First is the goal of financing development sustainably given the immediate challenge of situating the country's enormous growth, inclusion and climate action needs within a credible macroeconomic framework and efficient and effective fiscal policies. The second theme addressed in this note is building opportunities through productivity-led growth. With the growing reliance of Brazilians on social assistance policies, it is critical to keep sight of growth and jobs as the most important vehicles for the dignity and upward mobility of the poor. Third is increasing the capabilities and economic inclusion of the poor so that they are better able to capture the opportunities that come with growth. Thefourth theme we address in this note is meeting Brazil's potential as a as a leader in green and climate friendly development. This document is accompanied by a package of six policy presentations and an underlying set of more detailed policy reports that can be accesses here: https://www.worldbank.org/en/country/brazil
    DOI: 10.1596/38504
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  • 95
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    Unleashing Sustainable Finance in Southeast Asia (November 2022) (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Climate Change Economics ; Debt Markets ; Finance and Development ; Finance and Financial Sector Development ; Financial Structures ; Macroeconomics and Economic Growth
    Abstract: Climate change mitigation and adaptation efforts are urgently needed across Southeast Asia. The financial sector can play a critical role in supporting countries in their journey toward greater resilience and sustainability, but it must adapt to do so effectively. This report shows that while sustainable finance has experienced widespread expansion, sustainable financial markets remain small and unable to meet the funding needs of ASEAN-5 economies for their various sustainability objectives. Financial performance is a key driver of sustainable investments for financial institutions, often prioritized over sustainability considerations. This report highlights the importance of developing the financial architecture for sustainability in financial markets
    DOI: 10.1596/38341
    URL: lizenzpflichtig
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  • 96
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    Strategic Communications for Identification Systems : Guidance Note (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Public Sector Study
    Keywords: Design ; ICT Data and Statistics ; Implementation and Delivery of Identification (ID) Systems ; Inclusive and Trusted Systems ; Information and Communication Technologies ; Strategic Communications
    Abstract: This guidance note unpacks how strategic communications can enhance the design, implementation, and delivery of identification (ID) systems that are inclusive and trusted. When leveraged holistically, strategic communications can help governments engage effectively with relevant actors throughout the lifecycle of an ID system, including stakeholders on the supply side of ID administration, such as government and private sector implementing entities, and those on the demand side, namely the people that an ID system is intended to serve. Effective communication with relevant actors sows the seeds for public awareness about an ID system, which ultimately helps boost engagement through increased access, both of which are fundamental to achieving the United Nations Sustainable Development Target 16.9 on the provision of legal identity for all. This note builds on best practices for communications outlined in the ID4D Practitioner's Guide to offer governments and ID system practitioners a more in-depth perspective on how to craft an effective strategy and implementation framework. In doing so, the guide highlights essential components for a communications strategy; spotlights cross-country campaigns specific to ID systems and beyond to demonstrate the breadth of potential approaches; and provides practical tools, such as terms of references and a measurement framework, that can support practitioners as they transform ideas into action
    DOI: 10.1596/38423
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  • 97
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    Planning Beyond the Next Harvest : Advancing Economic Stability and Agricultural Commercialization (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Achieving Fiscal Consolidation Goals ; Affordable Input Programme ; AIP ; Finance and Financial Sector Development ; Foreign Direct Investment
    Abstract: The 16th edition of the Malawi Economic Monitor (MEM) calls for urgent actions to stabilize the economy and enhance growth. As in the previous MEM, this includes addressing three key areas: i) Stabilizing the economy: While some progress is being made, there remains an urgent need for theimplementation of the announced macroeconomic reforms, including building foreign reserves, achieving fiscal consolidation goals for the current fiscal year, returning debt to a sustainable path through restructuring, implementing key fiscal governance and public financial management (PFM) reforms, and continuing the shift toward a more flexible exchange rate regime. ii) Stimulating agricultural export competitiveness and market-driven growth in the economy: In the context of an ongoing macroeconomic crisis, it will be essential to focus on reforms to catalyze growth. This includes a sustained emphasis on advancing agricultural commercialization, improving the productivity of firms, and increasing and diversifying exports. It will also be important to deliver on the planned reform of expensive and poorly targeted subsidies, such as those for the Affordable Input Programme (AIP), and remove distortions that constrain firms' growth. iii) Protecting the poor and strengthening resilience: As another difficult lean season approaches, including the heightened risk of extreme weather events, it will be essential to advance implementation of the significantly expanded Social Cash Transfer Program and other assistance programs. In the context of fiscal pressures, it will also be important to continue prioritizing the deliveryof essential services to the most vulnerable, while improving the efficiency and effectiveness of social sector expenditure
    DOI: 10.1596/38394
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  • 98
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    GIF Guidance : Clean Technology Options for Buses - Prefeasibility Analysis (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: Environmental and Financial Risks ; ICT Data and Statistics ; Information and Communication Technologies ; Potential Technical
    Abstract: This guide begins by establishing the minimum conditions that should be in place to consider a technology feasible. This will be done in chapter two, starting with the general local political context and analysis of the project's planning, and moving on to more specific technical conditions for each technology regarding energy vector availability and standards and regulations to consider. Once the general context has been established, chapter three presents a brief description of the technical aspects of each technology, which involves considerations on bus selection, fueling or charging infrastructure, energy consumption and modes of operation. After going through this chapter, the TTL should have a clear understanding of the more technical or physical implications of each technology and should have the tools to argue whether a technology would be feasible. A detailed description of all CTBs is presented in the Annex on bus technology and charging infrastructure. It is strongly recommended that the evaluator reads this annex before starting the evaluation. In chapter four, a methodology for comparing the environmental impact of each technology is presented. This includes assessing the potential reduction in GHG emissions of each vehicle technology, as well as local toxic emissions. In chapter five, the economic performance of the different technologies is assessed by estimating CAPEX and OPEX expenditures and calculating the levelized cost of ticket (LCOT) of the different technologies under varying financial scenarios and considerations. Using the results from the previous sections, Chapter six presents and evaluates the cost-benefit of implementing each technology. The guide concludes with chapter six, a results evaluation and a discussion of the potential technical, environmental, and financial risks the evaluator should consider for the different technologies
    DOI: 10.1596/38382
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  • 99
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    Trauma Incidence and Emergency Medical Services in Malawi (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Keywords: Data Collection ; Health Management Information System ; Health Systems Development and Reform ; Health, Nutrition and Population ; Information and Communication Technologies ; Roads and Highways ; Transport
    Abstract: This report provides insights into the current situation and overall burden of trauma and RTCs in Malawi, shares what we have learned about how to effectively run a digital trauma registry in a low-resource setting, and highlights lessons learned from the implementation of the EMS pilot
    DOI: 10.1596/36905
    URL: Deutschlandweit zugänglich
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  • 100
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    Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean (2022)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Finance and Development ; Finance and Financial Sector Development ; Financial Sector and Social Assistance ; Infrastructure Economics and Finance ; Infrastructure Finance ; Public and Municipal Finance ; Water Supply and Sanitation ; Water Supply and Sanitation Finance
    Abstract: The maximizing finance for development (MFD) approach can be implemented to close the financing gap in the water and sanitation sector in Latin America and the Caribbean, helping the region in getting closer to achieving sustainable development goal (SDG 6), particularly if emphasis is put on innovative financing, and linking SDG financing principles. In this overall context, impact bonds are some of the latest tools made available in the results-based financing (RBF) area. On the supply side, impact bonds can inject a more entrepreneurial approach into public service provision. By focusing on outcomes rather than activities, service providers are offered more latitude in the way they deliver services. Through a review of the most recent studies and research on the matter, this document explores the challenges faced by Latin America and the Caribbean in financing the development of its water and sanitation sector and its need for new instruments. It provides insights on impact bonds as one of the latest innovations in the field of RBF. Limitations of the evaluation include the fact that the instrument is rather young. Chapter one looks at the challenges faced by Latin America and the Caribbean in achieving SDG 6. Chapter two examines the financing gap and how new instruments, and innovative thinking can help tackle it. Chapter three explores a new paradigm, the emergence of impact bonds. Chapter four closes the loop by looking at how impact bonds can be a useful complement to closing the financing gap. The final chapter offers recommendations for the development of this relatively new instrument
    DOI: 10.1596/37100
    URL: Deutschlandweit zugänglich
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