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  • World Bank Group  (197)
  • Washington, D.C : The World Bank  (197)
  • Information and Communication Technologies  (84)
  • Agriculture  (75)
  • Finance and Development
  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Keywords: CHVA ; Climate Change ; Climate Change Adaptation ; Environment ; Finance and Development ; Health Risks ; Health, Nutrition and Population ; Vulnerability
    Abstract: Due to global warming, the climate in most regions, especially Africa, is predicted to become more variable, and extreme weather events are expected to be more frequent and severe. These include increasing risks of droughts, flooding, and inundation due to sea-level rise in the continent's coastal areas, potentially reducing economic prospects and national development. It will be imperative for countries to mitigate and adapt to these changing climatic conditions. To succeed, the potential impacts of climate change and variability must be identified along with the country's capacity to adapt and the means to overcome barriers to successful adaptation. This climate and health vulnerability assessment (CHVA) aims to assist decision-makers in Ghana with planning effective adaptation measures to deal with climate-related health risks. The report identifies the impact of climate risks on health and health systems, the adaptive capacities in place to deal with these risks, and the gaps in the adaptive capacities. It also provides recommendations to close the identified gaps. The report adopts the World Health Organization's (WHO) operational framework for building climate-resilient health systems to analyze Ghana's adaptive capacity to adequately deal with current and future identified health risks of climate change
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Digital Divide ; Digital Finance ; Digitalization ; ICT Applications ; Information and Communication Technologies ; Information Technology
    Abstract: Jamaica's progress in digital transformation is paving the way for a foundational change in how the economy and society operate and create value. This report serves as input to guide Jamaica's digital transformation strategy, in line with the country's aspirations and its Vision 2030 National Development Plan. The report is based on the World Bank's Digital Economy Assessment methodology, which analyzes the digital economy across six pillars: digital infrastructure, digital public platforms, digital financial services, digital businesses, digital skills, and trust environment. It examines the current state of Jamaica's digital ecosystem, including its strengths and weaknesses, and outlines a set of priority actions for the GOJ to accelerate its digital transformation. The report also provides a comprehensive set of recommendations that the GOJ may consider incorporating into its short- and medium-term policy and budget planning cycles to leverage digital technologies across the six pillars outlined above. Although the implementation of some of the recommendations entails new legislation or regulation, many actions can be pursued without legal changes. The report organizes the findings of the six pillars into three main digital economy work streams that have an impact on the overall economy or that can be implemented across different sectors: the digital economy enabling environment, digital public infrastructure and platforms, and digital skills and technology adoption
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Public Sector Study
    Keywords: Civil Registration ; Digital Societies ; Economic Forecasting ; Economic Growth ; Environment ; Governance ; Identification Systems ; Information and Communication Technologies ; Sustainable Development
    Abstract: The World Bank Group's Identification for Development (ID4D) Initiative harnesses global and cross sectoral knowledge, World Bank financing instruments, and partnerships to help countries realize the transformational potential of identification (ID) systems, including civil registration (CR). The aim is to enable all people to exercise their rights and access better services and economic opportunities in line with the Sustainable Development Goals. This is especially important as countries transition to digital economies, digital governments, and digital societies, where inclusive and trusted means of verifying identity are essential to ensure accessibility and data protection
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  • 4
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation to Climate Change ; Climate Change ; Economic Growth and Planning ; Environment ; Environment and Natural Resource Management ; Finance and Development ; Finance and Financial Sector Development ; Poverty Reduction
    Abstract: Pakistan is at a critical decision point. While there have been recent important examples of reform progress, economic policies over past years and decades have had overall negative impacts on sustainability, productivity, and investment. As Pakistan has fallen behind its peers, progress with poverty reduction has ceased. Human development outcomes remain dire, while the benefits of growth have accrued disproportionately to a narrow elite. Amid continued rapid population growth and a youth bulge, a growing number of young Pakistanis are frustrated by the lack of opportunities, with prospects for young women especially bleak. Pakistan is among the countries most impacted by climate change, and recent events, including the 2022 floods, have highlighted the urgent need for investment in climate resilience. The economy is now, again, sustained by a short-term International Monetary Fund (IMF) program, inflation is at record highs, the rupee has depreciated sharply, while foreign exchange reserves remain at uncomfortably low levels. Recent policy measures (including the restoration of exchange rate flexibility, subsidy reforms, and movements towards fiscal constraint) have supported economic stabilization, but the underpinning drivers of Pakistan's economic fragility remain to be addressed. This note presents critical policy shifts required to move beyond the current low equilibrium towards sustainable and inclusive economic development and poverty reduction. This note summarizes the accompanying series of policy notes. It: (i) outlines Pakistan's current development challenge; (ii) identifies the critical constraints to faster development progress; (iii) describes the major policy shifts that will be required to address current constraints; and (iv) presents broad principles to guide implementation of required reforms
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Analysis
    Keywords: Access and Equity in Basic Education ; Access To Education ; Agriculture ; Climate Change Impact ; Covid-19 Impact ; Education ; Food Security ; Health Service Management and Delivery ; Health, Nutrition and Population ; Human Capital Accumulation and Utilization ; Inclusive Development ; Long-Term Economic Growth ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: This report is undertaken as a part of the Human Capital Project (HCP), a globalinitiative of the World Bank Group that aims to increase governments' awarenessof the importance of investing in people (World Bank date of publication not identifiedb). One of the maincomponents of the HCP is a cross-country metric--the Human Capital Index (HCI). The HCI estimates the amount of human capital a child born today can expect to accumulate by the age of 18, thus highlighting how current health and education outcomes shape the work productivity of the next generation. Moreover, given the cumulative nature of human capital, the HCI has clear milestones across the entire human life cycle: at birth, children need to survive; during childhood, they need to be well-nourished; at school age, they must complete all schooling and active adequate learning levels; and in adulthood, they need to stay in good health. Finally, the HCI includes a result: a score that ranges from 0 to 1. A country where an average child has virtually no risk of being stunted or dying before age five, receives high-quality education, and becomes a healthy adult, would have an HCI close to 1. Conversely, when the risk of being ill-nourished or prematurely dying is high, access to education is limited, and the quality of learning is low, the HCI would approach zero
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  • 6
    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
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  • 7
    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
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 10
    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
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 12
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Law and Justice Study
    Keywords: Discrimination ; Female ; Finance and Development ; Gender ; Genital Mutilation ; Human Rights ; Law and Development ; Violence Against Women ; Women's Rights
    Abstract: In 2012 and in 2018, the United Nations General Assembly adopted resolutions urging the international community to intensify global efforts to eliminate female genital mutilation/cutting (FGM/C). It also called upon "States, the United Nations system, civil society and all stakeholders to continue to observe 6 February as the International Day of Zero Tolerance for FGM/C and to use the day to enhance awareness raising campaigns and to take concrete actions against female genital mutilations". FGM/C is an extreme type of violence against women and girls which impairs their development potential and impacts the societies in which they live and work, their children, their families and ultimately their countries. FGM/C also undermines the World Bank's efforts to end extreme poverty and boost shared prosperity. Women and girls affected by FGM/C may not be able to reach their full personal, productive and professional potential. FGM/C causes a large number of physical and psychological problems and complications and can even lead to death. It imposes unnecessary suffering and prolonged pain. The international community recognized that FGM/C is an important development challenge that affects more than 200 million women and girls in the world. Sustainable Development Goal 5 (SDG 5: Achieve gender equality and empower all women and girls) includes a target on eliminating all harmful practices against women, such as female genital mutilation by 2030 (target 5.3). This eighth edition describes the international and regional instruments that address FGM/C as well as the national legislations adopted to outlaw FGM/C. This is a practical online tool to empower those fighting FGM/C
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  • 13
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Agribusiness ; Agricultural Finance ; Agriculture ; Gender and Economic Policy ; Gender and Social Policy ; Quality of Employment ; Social Conflict and Violence ; Social Protections and Labor
    Abstract: In Burkina Faso, agriculture is the primary source of employment for the population, but it faces challenges due to low productivity and poor water management, exacerbated by the adverse effects of climate change. Increases in grain production have been achieved through the expansion of cultivated areas, thereby putting significant pressure on natural resources. At the policy level, agriculture has been identified as a priority sector for the transformation of Burkina Faso's economic structure as outlined in the Second National Plan for Economic and Social Development (PNDES II). At the institutional and organizational level, the implementation of the program budgeting since 2017, shifting from funds-based budgeting to outcome-based budgeting, aims at enhancing the efficiency of public expenditure by focusing on outcomes. The structure of the program budgeting includes more than twenty distinct budget programs. This large number of budget programs poses challenges in terms of coordination, optimization, and capitalization of public action in favor of the agricultural sector. In this context, the World Bank undertakes this third agriculture public expenditure review to help the Government of Burkina Faso produce evidence on the structure of public expenditures. In addition to the classic analysis of the efficiency of expenditure allocation, the efficiency of budget execution, as well as coordination, monitoring and evaluation, and accountability mechanisms in the sector, the report will examine the incidence and impact of public expenditures by analyzing four specific cases: (i) input subsidies, (ii) hydro-agricultural facilities and irrigation; (iii) agricultural finance, and (iv) expenditures allocated to forestry and natural resources
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agriculture Study
    Keywords: Adaptation to Climate Change ; Agribusiness ; Agricultural Finance ; Agriculture ; Climate Change Mitigation and Green House Gases ; Climate Change Policy and Regulation ; Crops and Food Security ; Small and Medium Size Enterprises
    Abstract: Argentina's agrifood sector drives both prosperity and crisis. While agrifood generates essential foreign currency earnings, tax revenue and employment, the sector's vulnerability to external shocks can wreak havoc on the larger economy. This agriculture sector review addresses the economic, social, and environmental dimensions of Argentina's agrifood sector. The economic dimension is vital, due to the influence of agrifood productivity and its growth on Argentina's macroeconomy. The social, or inclusion, dimension highlights the potential to improve the livelihoods of the rural poor as well as access to affordable food for the urban poor. Finally, the environmental dimension examines the urgent need to increase the resilience of agricultural production systems and support their adaptation to climate change, as well as the agrifood sector's potential to mitigate climate change and other externalities. This summary report is based on a series of more detailed sectoral background papers and is aimed at public sector policymakers and other key stakeholders, with the goal of identifying potential reforms in public policies and programs and contributing to the development of a new shared vision for the Argentine agrifood sector
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  • 15
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 16
    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
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Digital Finance ; Digital Government ; Digital Manufacturing ; Digitization ; Information and Communication Technologies ; Natural Resources Management
    Abstract: With only 16 years remaining to achieve Uganda's Vision 2040, the digital transformation of the land sector is critical to accelerating social well-being and economic growth. Uganda has made notable progress on land sector reforms, such as establishing the Uganda National Land Information System (UgNLIS) and piloting an approach for systematic demarcation. However, challenges persist. Low levels of registered properties, cumbersome processes for sporadic land registration, and incomplete support systems to enable data transparency and accessibility, all contribute to the persistently limited digitalization. These challenges are compounded by population growth and internal migration, which drive complex, competing demands for land and are likely to increase the prevalence of land-related conflicts in the future. Digital transformation can unlock Uganda's land sector by accelerating systematic demarcation, enabling maintenance of the land registry and helping to establish supporting systems for data transparency and informed decision-making. This note offers key recommendations to update the legal and policy framework for the land sector; standardize, digitalize, and scale the registration of land rights, and; advance establishment of National Spatial Data Infrastructure
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  • 18
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 19
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; 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
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  • 20
    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
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  • 21
    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
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Climate Change ; Finance and Development ; Finance and Financial Sector Development ; Governance ; Inclusion ; Poverty Alleviation ; Resilience ; Shared Prosperity ; Sustainability ; Sustainable Finance
    Abstract: This annual report, which covers the period from July 1, 2022, to June 30, 2023, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)-collectively known as the World Bank-in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors
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  • 23
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2114
    Keywords: Adaptation To Climate Change ; Agriculture ; Climate Change ; Energy ; Environment ; Green Infrastructure ; Hydro Power ; Landscape Restoration ; Sustainable Land Management ; Vakhsh River ; Water
    Abstract: This report outlines the main results of a study conducted to assess the potential role of landscape restoration/nature-based solutions/green infrastructure in the Vakhsh River Basin, Tajikistan, to reduce the impacts of soil erosion on the hydropower cascade, increase agricultural productivity, improve livelihoods, and inform about investment opportunities. This assessment finds sediment sources and loadings in the Vakhsh River Basin, considers the potential correlation between soil erosion and sedimentation in hydropower reservoirs, proposes possible and cost-effective landscape restoration measures, and estimates the value of ecosystem services provided. The study also presents recommendations for implementing the proposed interventions for the Vakhsh River Basin and for scaling up to other degraded areas throughout the country
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Keywords: Agriculture ; Atlas Region ; Earthquake ; Economic Growth ; Environment ; Female Labor Force ; Gender ; Gender and Development ; Macroeconomics and Economic Growth ; Natural Disasters ; Poverty ; Social Protections and Assistance ; Social Protections and Labor ; Tourism ; Women's Economic Empowerment
    Abstract: The Moroccan economy is recovering. Following a sharp deceleration in 2022 caused by various overlapping commodity and climatic shocks, economic growth increased to 2.9 percent in the first semester of 2023, driven primarily by services and net exports. Inflation has halved between February and August 2023, but food inflation remains high. Lower commodity prices havealso contributed to a temporary narrowing of the current account deficit. The response to recent crises and the unfolding reform of the health and social protection systems are exerting pressures on public spending. However, the government is managing to gradually reduce the budget deficit
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  • 25
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2201
    Keywords: Access of Poor To Social Services ; Access To Finance ; Access To Services ; Digital Divide ; Finance and Financial Sector Development ; G20 ; Inclusive Cities ; Information and Communication Technologies ; National Urban Development Policies and Strategies ; Poverty Reduction ; Roles of Stakeholders ; Sustainability and Resilience ; Urban Development
    Abstract: In both G20 and non-G20 countries alike, cities have a crucial role to play in the achievement of national development goals. Already, cities generate more than 80 percent of global GDP and, with a share of the global population that is projected to reach nearly 70 percent by 2050, up from the current share of around 57 percent, the global importance of cities will only grow further in the decades ahead. However, whether the cities of tomorrow can fulfil their potential as drivers of national economic development will depend, to a large extent, on how inclusive they are - that is to say, the extent to which they are able to provide all their residents with quality access to services, markets, and spaces. This is because not only is inclusion in and of itself important, but because more inclusive cities are also both more prosperous and more resilient cities. At the same time, many policies that contribute to inclusive urban development carry important co-benefits for both climate change mitigation and adaptation, as well as vice versa. In this context, this report addresses four important questions: (a) What is an inclusive city (b) How inclusive are cities in G20 member and guest countries, as well as in other countries, globally today (c) What instruments should policymakers draw-on to make the cities of tomorrow more inclusive or, to put it more succinctly, what can policymakers do to make their cities more inclusive And, finally, (d) What are the roles of different stakeholders - city leaders and their associated local governments; national governments, including their ministries of finance; the private sector; civil society organizations; and others - in the effective wielding of these instruments or, to put it more bluntly, who needs to do what
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  • 26
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 27
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 40347
    Keywords: Agriculture ; Economic Growth ; Economic Value of Forests ; Environment ; Forest Biodiversity ; Forests and Climate Change ; Global Environmental Committment ; Public Sector Development ; Sustainable Development Goals ; Windfire Risk Management
    Abstract: Lebanon's forest landscapes are unique in the Mediterranean region and, over the centuries, have provided multiple socioeconomic, cultural, and environmental benefits. However, societal changes have had a significant impact on these landscapes, putting them at risk of further degradation. Lifestyle changes and restrictions on access to forests and woodlands have contributed to the abandonment of traditional community use, management, and protection of forests. This neglect has left forests vulnerable to arson, vandalism, and natural disasters. This Lebanon Forest Note articulates opportunities for supporting the protection and sustainable management of Lebanon's forest landscapes. It considers the increasing pressure on natural resources due to anthropogenic activities/stresses, as well as their increased vulnerability to climate change and natural disasters, especially forest fires. The note presents a forward-looking business case for Lebanon to protects its forest ecosystem services, while increasing the socioeconomic benefits for Lebanon's sustainable development goals and global environmental commitments
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  • 28
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2193
    Keywords: Adolescent Health ; Agriculture ; Education Indicators and Statistics ; Fiscal Consolidation ; Gender ; Gender and Education ; Gender Gaps ; Greening Agriculture ; Inflation ; Labor Markets ; Low Labor Force ; Macroeconomics and Economic Growth ; Poverty ; Skills Development and Labor Force Training ; Western Balkans
    Abstract: In the context of weakening global demand, growth in the Western Balkans decelerated over the course of 2022 and into 2023. Against the background of the lasting effects of shocks from Russia's invasion of Ukraine, sticky inflation, and tighter financial conditions, global demand has been weakening, and this has a divergent impact across the Western Balkans (WB6). On the one hand, the slowdown in global demand contributed to weaker-than expected performance of industrial production in the whole European Union (EU) region and in the WB6. On the other hand, global demand has proved more resilient in services and, for travel, with twice as many people traveling globally during Q1 2023 as in the same period in 2022 (UNWTO). This has particularly benefited Albania, Kosovo, and Montenegro, where services exports have reached new record highs. In contrast, weakening global demand for goods has weighed on Bosnia and Herzegovina (BiH), North Macedonia and Serbia. On the demand side, private consumption remained in general an important growth driver, despite rising price pressures. Reforms are needed to consolidate the recovery toward sustainable growth, while negotiations with the EU hold the potential to bolster prospects in the Western Balkans. As the WB6 agriculture sector is undergoing a major structural transformation, efforts to green agriculture are also important to ensure access to the EU market and for the competitiveness of agriculture, rural development, and food and nutrition security. Most WB6 countries have recently included agriculture greening in their development strategies. Historically, the environmental footprint of the WB6 agriculture sector has been relatively low. But this has been more an unintended outcome of still high rurality and low farming intensity rather than a result of public policy and expenditure choices. Agricultural public expenditures, while substantial in terms of amounts and adequate to influence agricultural production, have not yet prioritized financing of greening and climate-smart agriculture. It is important for the WB6 countries to accelerate greening of their agriculture by learning from the EU's green transition and better utilization of the existing public funds available for agricultural development
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  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 31
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agriculture Study
    Keywords: Agricultural Sector Economics ; Agriculture ; Dietary Habits ; Food Security ; Income
    Abstract: This report is a product of the World Bank's monitoring efforts in Myanmar and provides an in-depth look at the country's agricultural sector and food security status. This study examines intertwined challenges, falling crop yields, escalating food costs, deteriorating dietary habits, changing income sources, and shifting labor dynamics among farmers. In doing so, this analysis aims to illuminate the complex dynamics affecting households and communities nationwide. It offers essential insights for stakeholders seeking to address these pressing issues
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Adaptation to Climate Change ; Climate Change ; COVID-19 ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Financial Systems ; Transition ; Vulnerabilities
    Abstract: This report provides an assessment of the stability of the financial systems of selected Pacific Island Countries (PICs) in the context of COVID-19 and emerging risks. The report brings together an analysis of information provided by the central banks of the PICs covered by this study over the last two years. The purpose of the study is to assess the financial stability and vulnerabilities and to provide technical guidance to the PIC authorities to assist in their financial sector policy response. Chapter 1 presents an overview of the financial systems of the PICs. Chapter 2 presents an analysis of the impacts of COVID-19 on the financial systems of the PCIs and the policy responses to the pandemic. Chapter 3 looks at the challenges of transitioning from the pandemic to normal policy settings. Chapter 4 provides a set of bespoke policy recommendations with the aim of enhancing the ability to deal with financial sector risks and vulnerabilities. Finally, Chapter 5 puts forward recommendations for the assessment of climate and environmental related risks on the PICs. The report finds that the pandemic has negatively impacted economic growth in the PICs, challenging financial stability. Due to various relief measures adopted by governments in the region, and the lagged economic impact of the pandemic, the PICs' financial sectors do not yet fully reflect the risks to bank profitability and asset quality, which could materialize over 2022-23. Response and
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  • 33
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Evaluation
    Keywords: Access To Basic Services ; Agriculture ; Climate Change Impacts ; Economic Growth ; Environment ; Governance Indicators ; Macroeconomics and Economic Growth ; Sub-Saharan Africa
    Abstract: Between 1993 and 2013, Mozambique became one of the fastest-growing economies in Sub-Saharan Africa boosting incomes and living standards. Political and macroeconomic stability provided the foundation for robust growth led by a rebounding agricultural sector and significant donor support. Growth, however, decelerated beginning in 2016 in the face of low commodity prices, a hidden debt crisis, and natural disasters. In FY18, Mozambique was formally classified as a fragile country. The Covid-19 pandemic further eroded growth. In light of the country's evolving context, this Country Program Evaluation (CPE) reviews the World Bank Group's engagement in Mozambique over the period FY08 into FY21. The CPE assesses the extent to which the Bank Group's support was relevant to Mozambique's main development challenges and drivers of fragility as well as how Bank Group support evolved and adapted over time. The evaluation delves into four themes that are relevant to Mozambique's pursuit of the Bank Group's Twin Goals of Poverty Reduction and Shared Prosperity: (i) low agricultural productivity; (ii) unequal access to basic services; (iii) weak institutions and governance; and (iv) vulnerability to climate change and natural disasters. The evaluation presents findings from each of the four themes covered and distills lessons from Bank Group experience in Mozambique to inform future strategies and engagements
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  • 34
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 35
    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
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  • 36
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Climate Change ; Environment ; Finance and Development ; Finance and Financial Sector Development ; Fiscal Sustainability ; Policies ; Shocks
    Abstract: Real GDP expanded by 17.7 percent in 2022, with per capita incomes surpassing the pre-pandemic levels. On the supply side, accommodation, transport, and commerce explained 60 percent of growth. On the demand side, exports (mainly tourism) and private consumption accounted for growth. The rebound in economic activity in 2022 was accompanied by a reduction in poverty (0.8 percentage points), despite the spike in inflation. Headline inflation reached 7.9 percent (y/y) in December 2022 after inflationary pressures emerged in 2021, fueled by high international oil and food prices and global supply chain disruptions due to the war in Ukraine. Higher food prices and low agricultural production, driven by the five year long drought, intensified food insecurity
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  • 37
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 38
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Adaptation To Climate Change ; Biodiversity ; Climate Change ; Energy ; Environment ; Forest Institutions ; Forest Management ; Forests ; Fuels ; Information and Communication Technologies ; Land Degradation ; Landscape Restoration ; Legal Framework ; Non-Wood Forest Products ; NWFPs ; Protected Areas
    Abstract: This note synthesizes multiple reports produced under World Bank support to the Government of Armenia (GoA) in undertaking landscape restoration opportunities assessment and provides a detailed overview of opportunities and challenges in the forestry sector. Armenia is a forest-poor country; only 11.2 percent of the territory (334,100 hectares (ha) is forested, which is concentrated in three marzes: Tavush and Lori in the north and Syunik in the south. The predominant forest type is naturally grown broad-leaved mountain forest with a small area of pine forest. Estimates on the state of the forests, their extent, quality, health, and harvested volumes vary widely depending on the data sources and methodology used. Based on wood consumption data, harvesting volumes must be much higher than officially reported, while forest growth is lower than the current official estimates. These divergences, combined with limited silvicultural management and exacerbated by fires and uncontrolled grazing, mean that sustainable forest use is clearly far from guaranteed. The note has been developed through a consultative process and is expected to inform all relevant stakeholders on the status of the forest sector and opportunities to further improve it. The objective of this note is to strengthen the dialogue with Armenia on the forest sector considering the ongoing reforms and to explore how the country can reverse landscape degradation and increase its contribution to post-pandemic economic recovery
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  • 39
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 40
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Agriculture ; Armed Conflict ; Children and Education ; Civil War ; Conflict ; Conflict and Development ; Displacement ; Food Security ; Food Unaffordability ; Health and Poverty ; Health, Nutrition and Population ; Humanitarian Response ; Limited Health Care ; Living Costs ; Living Standards ; Poverty Reduction ; Reduced Food Intake ; Repeated Shocks
    Abstract: This report highlights respondents' lived experiences during Yemen's conflict as experts of their own experiences. This report aims to present the voices of Yemenis who have now spent eight years living through a civil war, economic crisis, and close to famine. This report is among the few authentically capturing Yemeni voices on a range of day-to-day issues from different governorates across the country. But arguably the small sample size limits ability to generalize findings. However, generalizing findings was not the intention of the report. For each theme, 'Voices from Yemen' presents a multi-stakeholder perspective to mitigate bias towards a single stakeholder group or geographical area. Moreover, the report's findings are in line with those in quantitative reports, such as 'Surviving in the Times of War' or the 'World Bank Phone Survey' report on food security. 'Voices from Yemen' presents a comprehensive picture of suffering derived from human stories behind the statistics. The conflict has made Yemeni lives unaffordable, uncertain, vulnerable, and often unbearable. The power of people's speech and the intensity of their stories narrate their grave vulnerabilities and the sense of helplessness and suffering the conflict has caused
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  • 41
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 42
    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
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  • 43
    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
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  • 44
    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
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  • 45
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 46
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 47
    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
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  • 48
    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
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  • 49
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 50
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 51
    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
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  • 52
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agriculture Study
    Keywords: Agriculture ; Climate Change ; Climate Change and Agriculture ; Financing ; Green Growth ; Policy Implementation
    Abstract: This report focuses on the agri-food sector in North Macedonia and investigates the potential and necessary actions for adopting a green growth trajectory. Agri-food is a key sector in need of transformation to achieve green growth in the country. The sector has great economic importance, and it is vulnerable to climate change and other environmental risks, which will compound current sector inefficiencies, including declining competitiveness. This report aims to assess: (i) the actions needed to re-focus agricultural support priorities in a manner that reflects green growth ambitions; (ii) policy financing implications; and (iii) the availability and capacity of effective policy implementation mechanisms. Finally, the potential impacts of greening agriculture support on farm efficiency are assessed and discussed
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  • 53
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agriculture Study
    Keywords: Agricultural Knowledge and Information Systems ; Agriculture ; Climate Change Impacts ; Digital Climate Information ; Environment ; Food Systems ; Resilience ; West Africa
    Abstract: By advancing knowledge on digital climate information and agriculture advisory services ('agromet services') in support of West Africa's farmers, this report has two objectives. First, it aims to identify priority actions for promoting digital agromet services under the West Africa Food System Resilience Program (FSRP) with a focus on Burkina Faso, Ghana, Mali, Niger, and Togo. Second, the report strives to provide insights on the required ingredients for creating viable agromet delivery models to all stakeholders involved in the production and dissemination of weather and climate information. These stakeholders include representatives from the Ministries of Agriculture (MOAs), National Meteorological Services (NMSs), Disaster Risk Management (DRM) specialists, interested parties from the private sector and civil society, and development practitioners. This report's findings were obtained through i) a benchmarking analysis of ten case studies examining existing delivery mechanisms of digital agromet services, and ii) semi-structured interviews with public institutions complemented by desk research. Case study results indicate that providers of agromet services should bundle different service types and diversify revenue streams to ensure that their offerings are impactful and viable. The report also finds that increasing levels of trust between the public and the private sector would facilitate the creation of innovative climate information delivery models based on public-private engagement (PPE). Other key recommendations to enhance agromet services include continuing to invest in the technical and human capacity of the region's NMSs, increasing collaboration between NMSs and agricultural extension services, and establishing clear regulatory frameworks on digitalization and open data
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  • 54
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Acquaculture Mismanagement ; Acquaculture Pollution ; Agriculture ; Coastal and Marine Environment ; Coastal and Marine Resources ; Discarded Fishing Equipment ; Environment ; Fisheries and Aquaculture ; Marine Plastic Debris ; Marine Plastic Pollution Mitigation ; Pollution Management and Control ; Water Resources
    Abstract: The Government of Indonesia's (GoI) National Plan of Action on Marine Plastic Debris (NPOA-MPD 2017-2025) outlines the ambitious objective of reducing marine plastic debris by seventy percent by 2025. Abandoned, Lost and Discarded Fishing Gear (ALDFG) is a major component of sea-based sources of marine debris, and is another important sea-based source of plastic leakage. The cultivation of marine and aquatic species, including seaweed, uses plastic components such as buoys, ropes, harvest bins and feed sacks. The primary pathways for plastic leakage from aquaculture include mismanagement, deliberate discharge, extreme weather and catastrophic events such as tsunamis. The impacts of fishery and aquaculture plastic pollution on the environment, economy, livelihoods and food security are significant. The scale of these impacts on fisheries, marine ecosystems and human users has prompted international action. Managing and mitigating plastic pollution from fisheries and aquaculture has the potential to contribute to Indonesia's marine plastic debris targets while also providing economic opportunities. This report presents options for reducing ALDFG and ALDAG in Indonesia, and improving the management and use of End-of-life fishing gear (EOLFG)
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  • 55
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: COVID-19 ; 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
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  • 56
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 57
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 58
    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
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  • 59
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Adaptation to Climate Change ; Agricultural Sector Economics ; Agriculture ; Agriculture Infrastructure ; Climate Change ; Climate Resilient Investment ; Energy ; Energy Infrastructure ; Energy Policies and Economics ; Environment ; Infrastructure Economics and Finance ; Infrastructure Finance ; Resilient Infrastructure ; Sub-Saharan Africa ; Transport
    Abstract: This Compendium Volume presents a series of guidance notes and more detailed complementary technical notes that offer practical insights in support of enhancing the climate resilience of infrastructure investment projects in Sub-Saharan Africa. This first introductory chapter starts with an overview of the investment conditions and climatic context in the region, followed by a description of the scope of this Compendium Volume and individual notes, target audiences, and a roadmap for users of the contents covered in this Volume
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  • 60
    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
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  • 61
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: Agriculture ; Covid-19 ; Economic Investment and Savings ; FIP ; Forest Investment Program ; Forestry Management ; Macroeconomics and Economic Growth ; Pandemic
    Abstract: With the COVID-19 pandemic, the development context for the world is fundamentally challenged in many ways. The pandemic has taken a drastic human toll, and its global-scale economic and social impacts affected rural development work focused on the most poor and vulnerable populations. It has also highlighted the increasing need to invest in natural climate solutions that protect and restore critical ecosystems, support climate stability and ecosystem resilience, and help people access livelihood opportunities. This report provides an in-depth portfolio analysis of WB-implemented FIP and DGM projects during the pandemic, gathering information from documents and directly from stakeholders involved in these projects on the impacts of the pandemic during their preparation and implementation, finding trends in delays in project activities, and identifying coping mechanisms used to overcome the challenges resulting from the pandemic. For example, some projects have shifted activities requiring in-person engagement, such as training and workshops, to a virtual format. Other projects use electronic monitoring and data collection tools to follow up on activity implementation. Finally, this report provides a few general lessons for the CIF program, WB-financed operations, donors, and other external international development partners. Although the COVID-19 pandemic continues to pose a challenge, authors now hope, having already experienced it for roughly three years, to learn from the various adaptation measures implemented by the projects, for application to future shocks
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  • 62
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 63
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2199
    Keywords: Agriculture ; Antimicrobial Resistance (AMR) ; Central Asia ; Covid-19 ; Ecosystem Transformations ; Education Reform and Management ; Food Safety ; Food Systems Resilience ; Health, Nutrition and Population ; ICT Applications ; International Economics and Trade ; Livestock ; One Health Approach ; Regional Cooperation
    Abstract: Central Asia has made much progress in public health and animal health in the last 20 years but was as unprepared as other regions in the world to respond to the COVID-19 pandemic. The region also faces challenges from other emerging diseases, re-emerging diseases, and climate change. Since 2020, the Central Asian regional economies, as the rest of the world, have faced two shocks - the COVID-19 pandemic and the war in Ukraine. Animal diseases do not respect borders and remain a public health concern because of the possible transmission of pathogens to humans. They can spread quickly from one country to another, with impact on animal health, trade, food security, food safety and possibly creating public health emergencies. One Health is an approach that allows for addressing human, animal, and ecosystem health issues through intersectoral action, to prevent, detect, respond to, and recover from infectious diseases, with an endpoint of improving global health security and achieving gains in development. The World Bank has been actively engaged in Central Asia for over two decades and is well-placed to act as a convener able to provide regional program-design expertise and implementation support for a One Health program. The findings of this report will support the preparation of the Central Asia One Health Framework for Action by providing recommendations for activities which can be further supported through public spending, private investments, and other financial resources
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  • 64
    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
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  • 65
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Adaptation To Climate Change ; Climate Change ; Energy Efficiency ; Environment ; GHG Emission ; ICT Applications ; ICT Policy and Strategies ; ICT Sector ; Information and Communication Technologies
    Abstract: This report is based on a targeted review of Singapore's approach to climate change, focusing on how the country drives energy efficiency and reduces GHG emissions in the ICT sector, particularly in data centers. It aims to reflect the various measures undertaken by the Singapore Government, present lessons learned, keytakeaways and challenges that continue to lie ahead. The information in this version is current as of end November 2023. The purpose of this report is to provide the key lessons for broad, multistakeholder consideration and dialogue forwhat countries could consider as they approach "greening" the ICT sector. It is important to note that addressing all the issues raised in this report does not guarantee a perfect, or even workable, enabling environment to meet theglobal climate change challenge. This is because the effectiveness of these measures can be affected by exogenous factors and the unique national circumstances of each country
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  • 66
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Agricultural Growth and Rural Development ; Agriculture ; Economic Growth ; GDP ; High Poverty Rate ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Private Sector ; Rural Development ; Rural Economy ; Slow Growth
    Abstract: This Country Economic Memorandum (CEM) argues for a significant shift in policy to enable a virtuous cycle of sustained and inclusive economic growth, outlined infive building blocks. Chapter 1 identifies policy priorities to restore the macroeconomic fundamentals for growth through fiscal reform, debt sustainability, external rebalancing, and monetary stability. The following three chapters address three core structural constraints to growth and propose key reforms to accelerate agricultural commercialization and improve rural labor markets (Chapter 2), enable the private sector to drive productivity growth (Chapter 3), and catalyze exports and foreign investment (Chapter 4). Acknowledging that implementing key growth-enhancing policies--be they macroeconomic or structural--are the result of complex political economy and governance arrangements, Chapter 5 focuses on how past Malawian successes can inform future sectoral policies, reforms, and strategies to achieve the goals outlined in the Malawi 2063
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  • 67
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 68
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Keywords: Accommodation and ; Agriculture ; Aquaculture ; Economic Growth ; Fisheries and ; Fisheries Sector ; Growth Potential ; Human Capital ; Industry ; Macroeconomics and Economic Growth ; Private Sector Development ; Regionalization ; Tourism Industry ; Tourism Sector
    Abstract: Comoros is at the crossroads to redefine its future and become an upper-middle income country by 2050, but this would require implementing an ambitious reform agenda that focuses on increasing productivity and private investment. The current business-as-usual policy framework has delivered low private investment and human capital, sectoral growth below potential, and no poverty eradication. Pursuing this policy framework, which would not allow Comoros to reach the GDP growth target of 7.5 percent by 2030 laid out in the national development plan, could result in GDP per capita of USD 1,890 and a poverty rate of 22.9 percent by 2050. By contrast, under a policy framework of ambitious reforms that include measures to increase inclusiveness, Comoros could reach a GDP per capita of USD 3,934 and reduce the poverty rate to below 5 percent by 2050. Supported by the continuous implementation of ambitious reforms, such a level of GDP per capita could have Comoros reach upper-middle-income status by 2050. Under this ambitious reform agenda, private investment would average 11.9 percent of GDP in 2023-2050, and total factor productivity growth would average 1.45 percentage points per year during the same period
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  • 69
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Business Cycles and Stabilization Policies ; Coronavirus ; COVID-19 ; Digital Divide ; Disease Control and Prevention ; Economic Growth ; Financial Sector ; Fiscal and Monetary Policy ; Foreign Direct Investment ; Health, Nutrition and Population ; Information and Communication Technologies ; Macroeconomics and Economic Growth ; Monetary Policy
    Abstract: Myanmar's economy continues to be severely tested by the ongoing impacts of the military coup and the surge in COVID-19 cases in 2021. While some real-time indicators have improved in recent months, they remain consistent with a much lower level of economic activity than prior to the February coup. Reported COVID-19 cases have fallen to low levels (and few reported cases of the Omicron variant as of early January 2022), while real time indicators of mobility, manufacturing activity, and exports are showing signs of recovering. On the other hand, indicators of conflict suggest that the security environment has deteriorated in many parts of Myanmar, including in states and regions which have historically been relatively peaceful. This has affected businesses' operations, logistics, confidence, and appetite to invest. After the sharp decline in incomes and employment observed across the economy, available indicators suggest domestic demand remains very weak. At the same time, supply-side constraints persist and some have worsened in recent months. Access to kyat liquidity, credit, and foreign currency remains severely constrained. A sharp exchange rate depreciation in September 2021 has raised import prices across the economy, including of fuel and other critical inputs to production, increasing transport costs. Electricity outages are a growing concern and internet disruptions continue to reduce the reliability of firms' and households' connectivity and ability to access information and connect with markets (see Part III: Digital Disruptions and Economic Impacts)
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  • 70
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 71
    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
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  • 72
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agricultural Study
    Keywords: Agribusiness ; Agricultural Sector Economics ; Agriculture ; Agriculture and Farming Systems ; Climate Change and Agriculture ; Equity and Development ; Food Security ; Poverty Reduction
    Abstract: This Synthesis report summarizes the main constraints and opportunities that Georgia faces in amplifying the contribution of the agriculture sector to the country's economic growth and diversification, employment creation, poverty reduction, food security and nutrition, and climate resilience and mitigation. Successful achievement of these multiple objectives, however, requires an integrated set of multi-sectoral policies. Synergistic public and private investments in agriculture, water, and land can lead to increased production and productivity by transitioning from low returns from agriculture to high-value crop production
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  • 73
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Education ; Finance and Financial Sector Development ; Industry ; Information and Communication Technologies ; Infrastructure Finance
    Abstract: This report provides a region-wide analysis on the status of the digital economy in South Asia. It identifies opportunities and challenges for national and regional action to realize the transformational potential of digitalizing economies, societies, and governments. The report synthesizes and builds upon country assessments produced for Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. It follows the World Bank's digital economy assessment framework, covering different dimensions of the digital economy from digital infrastructure and public platforms to digital financial services, skills, and the trust environment. It also discusses the opportunities and benefits of regional integration and collaboration. First and foremost, enabling access to high-quality affordable broadband, and increasing its adoption, will yield substantial social and economic benefits. These benefits include better access to information, education, and training, greater administrative efficiency in public services, and improved economic growth and productivity. There are currently significant gaps in connectivity access and usage within and across South Asian countries. While most countries have closed the gaps in mobile network coverage, fixed broadband coverage remains a challenge. The usage gap (represented by the number of people living within range of a mobile network but not using the Internet) remains the region's biggest challenge, and is driven by gaps in digital literacy, gaps in affordability for the poorest quintiles, and a lack of relevant content and applications. While there is significant diversity across South Asia, countries in the region might consider adopting a twin-track approach as follows: a) implement policies to enhance competition and attract private sector investment for the upgrade and roll out digital infrastructure, especially for fixed fiber networks that connect users over the middle and last miles, and b) invest heavily in demand-side policies and programs to enhance digital skills and increase affordability, especially for the poorest in the region
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  • 74
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Democratic Government ; E-Government ; Financial Policy ; Governance ; Information and Communication Technologies ; National Governance
    Abstract: Authorities in Mexico are seeking solutions to the complex task of improving efficiency in the financial and government sectors when identifying individuals and legal entities, while balancing other public-policy objectives, such as governance, technological neutrality, safety, privacy, and universal coverage. The objective of this document is to describe the identity-management system (IMS) in Mexico and its importance to the financial-sector environment while reflecting on the need for digital identification and authentication procedures and processes. The document will analyze the different options for, and policy implications of, the digital identification of individuals and legal entities in Mexico when meeting financial policy objectives and regulation. This document builds on the principles established by the G20 on digital financial inclusion, the Identity management system analysis, and the common principles on Identification for sustainable development. It takes into account standards and guidelines issued in the financial-sector context that recognize the need to identify individuals and legal entities and intends to provide guidance to Mexican authorities when defining policies that involve the need to identify individuals and legal entities. The document is organized as follows: First, an executive summary presents key observations and recommendations for authorities. A discussion of identification systems in the financial sector comes next, followed by a description of the IMSs in Mexico, including the institutional arrangements, and then by sections on digital identity and the legal framework supporting such infrastructures. Finally, the report concludes with a section on potential actions, which build on initiatives in other countries, which are included along with the report. International standards are attached as appendixes to support the methodology used to elaborate this document
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  • 75
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Digital Divide ; Information and Communication Technologies ; Telecommunications
    Abstract: Myanmar has experienced a series of total and partial internet shutdowns since the military coup in February 2021. These restrictions have varied in intensity across the country and over time, ranging from the complete shutdown of all wireless broadband services and nightly shutdowns of fixed line services between February and April 2021, followed by limited access to a whitelist of websites and services and intermittent subnational shutdowns starting in May 2021. The restrictions on internet access have had a profound impact on investments in the sector, subsequently affecting the growth of digital infrastructure and digitally enabled services in Myanmar. Internet restrictions have also had important implications on household welfare, firm operations, and growth of the digital economy in Myanmar. New regulations, market exit by private sector providers, and continued internet restrictions threaten to reverse the progress made over the last decade. Continued internet restrictions can lead to further restraint of online economic activity and closure of many young digital start-ups that rely on consistent, reliable, and widespread internet adoption to reach markets
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  • 76
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: Digital Divide ; E-Finance and E-Security ; E-Government ; Finance and Financial Sector Development ; Governance ; Information and Communication Technologies
    Abstract: Migrating from legacy IT infrastructure and data storage to cloud services can yield enormous benefits for governments: it can save governments money; increase the integrity, quality, and speed with which they deliver services; and provide access to the most advanced analytical tools and cybersecurity features available. These benefits have spurred a shift by governments across the globe away from legacy information technology (IT) systems, and towards cloud solutions, including public cloud services
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  • 77
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Agriculture ; Armed Conflict ; Conflict and Development ; COVID-19 ; Food Security ; Natural Resources ; Peace and Peacekeeping ; Post Conflict Reconstruction
    Abstract: South Sudan is at a crossroads in its recovery, reconstruction, and development. Having gained independence in 2011 after two protracted civil wars, the country twice relapsed into conflict: first in 2013 and again in 2016. While the economy began to recover following the 2018 peace deal, progress has stalled amidst a multitude of crises - including the COVID-19 pandemic, climate shocks, and dwindling oil production. At the same time, the broad-based rise in commodity prices due to the war in Ukraine have on balance affected South Sudan adversely. A decade after independence, South Sudan remains caught in a web of fragility and economic stagnation, with weak institutions, recurring cycles of violence, and ubiquitous poverty. Overall, the conflict is estimated to have cost South Sudan an accumulated loss in aggregate GDP of some USD 81 billion during 2012 - 2018, equivalent to USD 11.6 billion per year on average (80 percent of 2010 GDP). Consequently, South Sudan's real GDP per capita in 2018 was estimated at being one third of the counterfactual estimated for a non-conflict scenario. With the fragile peace deal largely holding despite challenges in implementation, the authorities initiated an ambitious reform program aimed at macroeconomic stabilization and modernization of the young country's public financial management systems. This report discusses South Sudan's economic performance since independence, with a focus on leveraging the country's endowments of natural capital - oil and arable land - to support recovery and resilience. Three messages emerge from this report. First, there is a peace dividend in South Sudan. South Sudan's real GDP per capita in 2018 was estimated at one third of the counterfactual estimated for a non-conflict scenario. Thus, maintaining peace can by itself be a strong driver of growth. Second, with better governance and accountability, South Sudan's oil resources can drive transformation. Third, South Sudan's chronic food insecurity could be reversed with targeted investments to improve the resilience of the agricultural sector
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  • 78
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Agricultural Sector Economics ; Agriculture ; Debt Restructuring ; Economic Conditions and Volatility ; Economic Insecurity ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Recession
    Abstract: Chad's gross domestic product (GDP) contracted by 1.2 percent in 2021 - the second consecutive year of recession - driven by a two-month suspension of oil production at its Esso plants, economic disruptions due to sociopolitical insecurity, and liquidity constraints because of delays in debt restructuring. Low oil revenue, coupled with increased spending to deal with shocks, widened the fiscal deficit to 4.3 percent of GDP in 2021. The 2022-24 economic recovery is expected to be fragile and subject to significant downside risks related to recurrent and emerging sources of vulnerability. With a slow and fragile economic recovery, the adverse effects of the pandemic on poor and vulnerable households are expected to last in the short to medium term. Chad can seize emerging opportunities offered by the political transition, increasing oil prices, and debt restructuring to undertake reforms aimed at renewing its social contract and reducing long-term vulnerabilities. Stronger agricultural and livestock value chains are critical to economic diversification, sustainable growth, and food security in the medium to long term. Livestock is the economy's most important non-oil sector and represents a major income source in the agriculture sector. The government should take bold actions to strengthen or create agricultural and livestock value chains
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  • 79
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation to Climate Change ; Agriculture ; Crop Yields ; Crops and Crop Management Systems ; Environment ; Labor Market ; Temperature ; Water Conservation ; Water Resources ; Water Resources Assessment ; Water Resources Management
    Abstract: This Iran Economic Monitor (IEM) provides an update on key economic developments and policies as of Spring 2022. Iran's economy continued its gradual recovery in 2021-2022 following the rebound in domestic and external demand. Despite a more accommodative fiscal policy in 2021-2022, higher oil and tax revenues have improved the fiscal deficit-to-GDP ratio. GDP growth is projected to remain modest in the medium term, as the economy remains constrained by both global and domestic gr owth bottlenecks. A more favorable global oil market outlook is projected to improve Iran's fiscal and external balances. Iran's economic outlook is subject to significant risks. Consumer price inflation accelerated due to a combination of supply-push and demandpull factors, adding to pressures on the welfare of lower-income households. Addressing long-term development challenges, including impending climate change shocks, requires a comprehensive package of economic reforms complemented by adequate social protection measures
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  • 80
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Agriculture ; Economic Growth ; Energy Sector ; Gender ; Macroeconomics and Economic Growth ; Poverty Reduction ; Urbanization
    Abstract: The arrival of a new government provides an opportunity to reinvigorate the reform agenda to deliver inclusive growth for the Somali people. Since the establishment of the Provisional Constitution in 2012, Somalia has made commendable progress on many fronts. Macroeconomic stability has been maintained, high levels of indebtedness are being addressed through the Heavily Indebted Poor Countries (HIPC) initiative, several sector laws and institutions have been established, and a poverty reduction strategy paper has been developed - the ninth National Development Plan (NDP9). However, much remains to be done and the time has come to mark the next milestone in Somalia's development trajectory through advancing reforms anchored in the HIPC process. The objective of the collection of policy notes is to provide sector-specific policy advice for the leadership of the new government, drawing on the expertise of the World Bank Group. This overview chapter synthesizes the advice across the sector policy notes and is organized in four sections. The first section outlines the current context. The second section presents the framework for organizing the policy notes. The third section summarizes the advice, and the fourth section concludes
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  • 81
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: ICT Economics ; ICT Policy and Strategies ; Information and Communication Technologies ; Information Technology
    Abstract: Digital technologies are paving the way for economic growth and new service delivery models across Africa. On key digital indicators, Botswana fares similarly or better than regional neighbors, but is lagging behind global peers with the same income levels, illustrating the potential to enhance performance. The digital economy in Botswana rests on several relatively strong individual strategies, policies, and regulations. However, when combined, these form a somewhat fragmented framework - further challenged by oftentimes slow implementation. This digital economy for Africa (DE4A) report considers the digital economy's five foundational pillars, as well as cross-cutting issues. The report summarizes pillar status and recommendations for addressing challenges: infrastructure; digital platforms; digital financial services (DFS); digital business; digital skills; and suggested priority areas for action
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Women in Development and Gender Study
    Keywords: Agriculture ; Environment ; Forestry ; Forestry Management ; Gender ; Macroeconomics and Economic Growth ; Rural Development
    Abstract: Forests and terrestrial ecosystems play a primary environmental role in climate-change mitigation and adaptation. In many developing countries, forests provide ecosystem services and support the livelihoods of hundreds of millions of people, mainly the poorest and most vulnerable in rural areas. The sustainable management of natural resources can reduce poverty and enhance shared prosperity at the local level. As countries develop Natural Resource Management (NRM) and forest management, it is crucial to ensure that these processes include women in productive, income-generating activities. Men and women access, use, and manage forests differently, as seen in the gendered nature of activities such as gathering forest products, hunting, wood harvesting, and mineral collection. Furthermore, there are persistent gender gaps in access to services, inputs (including credit and financing), markets, value-addition activities, land tenure, representation, and agency. The Forest Carbon Partnership Facility (FCPF) and the World Bank (WB) have outlined a program aimed at promoting gender equality in REDD+ and foresty strategies and implementation. The FCPF is a global partnership of governments, businesses, civil society, and Indigenous Peoples (IPs) focused on reducing emissions from deforestation and forest degradation, forest carbon stock conservation, sustainable forest management, and the enhancement of forest carbon stocks in developing countries, activities commonly referred to as REDD+. This document aims to help task teams and practitioners identify and diagnose factors contributing to gender gaps in sustainable forest projects in FCPF countries by providing nine people-centered research tools based in the behavioral sciences. Such gaps can be rooted in gender norms, roles, and beliefs, attentional limitations, and procedural hassles, among others
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  • 83
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Adaptation to Climate Change ; Agriculture ; Climate Change ; Climate Change Impacts ; Environment ; Forestry ; Forestry Management ; Rural Development
    Abstract: This Country Forest Note offers an in-depth picture of the forest sector of Uzbekistan, viewed through a forest landscape lens, and provides guidance to help define goals and identify opportunities for the continued development of the sector. Despite a large number of current challenges, forest landscape management presents opportunities for sustainable development: increasing the forest area will provide additional benefits in terms of climate change. A holistic approach to soil degradation is required that includes improved livestock husbandry, soil management, and agricultural practices, all of which have a role to play. Leskhozes have a central role in transforming the forest sector and augmenting their capacity and skills needs to be an important consideration. Equally important is to encourage community participation through mahallas and create favorable conditions for private sector involvement. Strong government commitment and institutional and stakeholder buy-in and ownership are required to support the transition to more adaptive management in forestry. This transition is critical to address climate change issues, increased threats to forests, soil and water conservation, economic management of wood and non-wood forest products (NWFPs) from forested landscapes, and improvement of livelihoods of rural households
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  • 84
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: ICT Policy and Strategies ; Information and Communication Technologies ; Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor
    Abstract: The COVID-19 pandemic resulted in vast numbers of people in need of social assistance, many of whom were not previously covered by social safety nets. To meet this unprecedented level of need, governments quickly scaled social assistance reaching over 1.7 billion people in low- and middle income countries. Scaling up social assistance presented two separate but related challenges: first, adapting targeting and registration to reach individuals not commonly included in social assistance databases, such as urban informal workers, and second, how to deliver government to person (G2P) payments safely and securely in the context of the pandemic. Countries that could leverage pre-pandemic investments in digital public infrastructure (DPI)- identification (ID), payments and trusted data sharing-were better able to implement COVID-response social assistance programs and reach more beneficiaries. This paper, analyzes the role of these DPIs, also called digital stack, in the social protection response to COVID by analyzing data on howCOVID-response social assistance programs register red and made payments to beneficiaries across178 programs across 85 countries. The analysis shows how these digital systems and infrastructure allowed for innovative targeting, registration, and payment approaches that covered a significantportion of the population. This paper uses administrative data on G2P registration and payment methods combined with anecdotal evidence from country case studies to show how pre-pandemic investments in digital databases, digital ID, and digital payments impacted countries' abilities to reach new beneficiaries and deliver payments safely in the context of the pandemic response. It further details workaround solutions implemented by countries without these assets and infrastructure in place, and how some countries were able to expand their digital infrastructure even amidst the urgency of the crisis response. The analysis concludes with suggestions as to the impact that the social assistance response to COVID-19 can have on the future of social protection payments, in terms of inspiring investments in building and strengthening G2P ecosystems globally
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  • 85
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Access To Finance ; Agricultural Sector Economics ; Agriculture ; Finance and Financial Sector Development ; Public Sector Development
    Abstract: The World Bank and FAO teamed up with the Government of Tanzania to produce the country's first agricultural public expenditure review (PER) since the launch of the country's second agriculture sector development program (ASDP II). After outlining the role and performance of the sector (crop, livestock, fisheries, and forestry) in Tanzania and its main policy frameworks, this report uses historical data from 2017 to 2022 to review the level and composition of public expenditure. It then analyzes its allocative efficiency, effectiveness and alignment with the Government's strategic sectoral goals as defined in Tanzania Vision 2025 and the ASDP II. To do so, it combines a price incentive analysis on key value chains, thematic deep dives on strategic areas for the government (irrigation, agricultural knowledge system, seed system, climate change adaptation), and a coherence analysis. The report unveils that agricultural public budget mostly targets public goods in Tanzania, but at a level too critically low for these to materialize and support sustainable productivity growth and job creation. Detailed actionable recommendations are proposed for the government to improve spending on the agricultural sector to leverage further its growth potential
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  • 86
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Agriculture ; Finance and Financial Sector Development ; Food Security ; Inflation ; International Financial Markets ; Macroeconomics and Economic Growth ; Resilience
    Abstract: The war in Ukraine and rising commodity prices have exacerbated the vulnerabilities of the Tunisian economy in the first months of 2022. The impact of the war began to be felt as the trade deficit widened by 56 percent in the first six months of 2022 reaching 8.1 percent of GDP. Lower oil and gas production and increased demand for energy and agricultural products have exacerbated the vulnerability of the trade balance to the vagaries of international markets. With a challenging global environment, the economic recovery appears weaker than previously forecast
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  • 87
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Health, Nutrition and Population (HNP) Discussion Papers
    Keywords: Child Health ; Finance and Development ; Finance and Financial Sector Development ; Health Economics and Finance ; Health Indicators ; Health, Nutrition and Population ; Maternal Health
    Abstract: The Democratic Republic of Congo (DRC) is the largest country in sub-Saharan Africa, by area. The country has a long history of conflict, political upheaval, and instability and has a very high poverty rate despite its abundance of natural resources. Mortality and fertility rates in DRC are among the highest in the world. The Health System Strengthening for Better Maternal and Child Health Result Project (PDSS - Le Projet de Developpement du Systeme de Sante) was launched in 2015 with the objective of improving utilization and quality of maternal and child health services in eleven provinces of out of the provinces in the Democratic Republic of Congo (DRC). The main component of the project is the implementation of a provider payment system reform through Performance-Based Financing (PBF), launched in the end of 2016. Contracted health facilities receive quarterly payments conditional on the volumes of targeted services provided and on quality of care. The objective of this impact evaluation is to assess whether the PBF approach impacts utilization and quality of primary health services, in comparison to equivalent amounts of unconditional financing. The rational for comparing outcomes produced by facilities implementing PBF to those produced by facilities who receive equivalent amounts of unconditional financing is to isolate the impact of the PBF incentive mechanisms from the direct impact of the additional resources received through the program
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  • 88
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Data Collection ; Data Quality ; Information and Communication Technologies ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: Investing in better data systems is critical to maximize the impact of social protection programs as more and more countries around the world are aiming to not only reduce poverty and inequality but also to achieve Universal Social Protection (USP). Globally the expansion of social safety net programs has contributed to poverty reduction and the improved well-being of the poor. Now countries are now offering more comprehensive packages of social benefits and services to serve broader population needs and to facilitate more sustainable poverty reduction outcomes. If not managed well, the expansion of services and beneficiaries can contribute to fragmentation in program processes and systems that will result in higher administrative costs, lack of coordination, and duplication in processes. Frequent climate shocks and the COVID-19 pandemic have also further highlighted critical gaps in social protection coverage, exposing the need for more and better data systems to identify and support those still excluded from social protection programs and systems. A high-quality data system is especially important to direct appropriate benefits and services to the groups that need them. Although there is no one size fits all targeting strategy, building a credible social information system (SIS) and improving social protection delivery systems (DS) are key to achieving USP everywhere. In the Indonesian context, the greatest gains are more likely to come from investment in coverage and quality of the data through better systems and expertise. This policy note summarizes options and principles for improving data quality for an effective social registry in Indonesia, to better support outreach, intake, registration and eligibility determination for Social Protection Programs. While the note is Indonesia-focused, it provides lessons applicable to other countries addressing these challenges as well
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  • 89
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Access To Finance ; Ethics ; Finance and Financial Sector Development ; Governance ; Human Rights ; ICT Data and Statistics ; Information and Communication Technologies ; Private Sector Development
    Abstract: Technology is at the core of credit reporting systems, which have evolved significantly over the past decade by adopting new technologies and business models. As disruptive technologies have been increasingly adopted around the globe, concerns have arisen over possible misuse or unethical use of these new technologies. These concerns inspired international institutions and national authorities to issue high-level principles and guidance documents on responsible technology use. While adopting new technologies benefits the credit reporting industry, unintended negative outcomes of these technologies from ethics and human rights perspectives must also be considered. The white paper begins with a brief introductory section, followed in section 2 with a discussion of technology use in credit reporting, with a special focus on the key disruptive technologies being increasingly adopted by the industry. Section 3 provides information on the scope, development, and high-level principles of several key technology frameworks, including the principles underlying their responsible use. Section 4 introduces ten principles to guide responsible use of technology in credit reporting activities. Section 5 discusses considerations for applying the principles. The section concludes with use cases illustrating the principles in action
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  • 90
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 91
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Agriculture ; Debt Arrears ; Debt-To-Gdp ; Economic Recovery ; GDP ; Gross Domestic Product ; High Oil Prices ; International Economics and Trade ; Poverty Reduction ; Sustainability
    Abstract: Gabon's economic recovery has been intensifying, with oil and other commodities projected to drive GDP growth to 2.7 percent in 2022, up from 1.5 percent in 2021. The fiscal stance improved in 2021 amid contained spending and is expected to turn into a surplus in 2022. While debt-to-GDP remains sustainable amidst gradual economic recovery and high oil prices, debt arrears remain high. The uptick in oil prices compensated for the decline in production and led to a trade surplus in 2021, which is expected to remain high in 2022. Food insecurity could be exacerbated by the ongoing war in Ukraine as Gabon is highly vulnerable to shocks in the agricultural sector. The government has adopted plans to increase agricultural production. Despite the government's efforts to increase agricultural production, Gabon's agricultural trade remains hampered by structural bottlenecks related to weak supporting infrastructure, the high number of intermediaries, and price uncertainty. Informal payments and obstacles for imports into Gabon, including petty harassment, add to already high import duties and can contribute to informality, unpredictability, and delays in border crossing and transport network. Reducing petty harassment would support trade in agriculture, reduce the overall cost of living for the population, and foster economic growth in Gabon
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  • 92
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    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
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  • 93
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Agricultural Irrigation and Drainage ; Agriculture ; Climate Change ; Integrated Water Resources Management ; Irrigation
    Abstract: Agriculture plays a vital role in the economy of Georgia despite the relatively small size of the sector. Agriculture is the country's largest employer and makes a significant contribution to exports even though agriculture contributes a modest share to total GDP. Following the collapse of the former Soviet Union, actual irrigated area in Georgia declined significantly. Georgia is currently facing important challenges related to the development of its agricultural sector, which requires the rehabilitation of irrigation and drainage systems and the establishment of institutional organizations that makes it sustainable. This policy note on the irrigation sector supports the World Bank-led analytical study on Agricultural, Land, and Water Policies to Scale-Up Sustainable Agri-Food Systems in Georgia. It was carried out during the months of April to July 2021, in close collaboration with the main stakeholders of the irrigation sector in Georgia and the services of the World Bank. The analysis in this policy note identifies the core constraints, which are hindering irrigation sector performance in Georgia and leading to the slow implementation of the irrigation strategy with a brief overview of some of the factors that are contributing to these constraints
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  • 94
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Cryptocurrency ; E-Finance and E-Security ; Emerging Markets ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Information and Communication Technologies ; Private Sector Development
    Abstract: Fintech is transforming the global financial landscape. It is creating new opportunities to advance financial inclusion and development in Emerging Markets and Developing Economies (EMDEs), but also presents risks that require updated supervision policy frameworks. Fintech encompasses new financial digital products and services enabled by new technologies and policies. Although technology has long played a key role in finance, recent fintech developments are generating disruptive innovation in data collection, processing, and analytics. They are helping to introduce new relationship models and distribution channels that challenge traditional ways of finance, while creating additional risks. While most of these risks are not new, their effects and the way they materialize and spread across the system are not yet fully understood, posing new challenges to regulators and supervisors. For example, operational risk, especially cyber risk, is amplified as increasing numbers of customers access the financial network on a 24 by 7 basis. Likewise, increased reliance by financial firms on third parties for provision of digital services, such as cloud computing, may lead to new forms of systemic risks and concentration on new dominant unregulated players such as big tech firms. This note aims to provide EMDE regulators and supervisors with high-level guidance on how to approach the regulating and supervising of fintech, and more specific advice on a few topics. Preserving the stability, safety, and integrity of the financial system requires increased attention to competition and ensuring a level playing field and to emerging data privacy risks. As a general principle, policy response should be proportionate to risks posed by the fintech activity and its provider. While striking the right balance can be challenging in the absence of global standards, the IMF-World Bank Bali Fintech Agenda (BFA), along with guidance by Standard Setting Bodies, provides a good framework for reference
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  • 95
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Digital Divide ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Information and Communication Technologies ; Private Sector Development ; Rural Development ; Securities Markets Policy and Regulation
    Abstract: This technical note is structured in the following manner. Section two provides an overview of the main barriers and frictions that SMEs face to access finance. Section three explores how digitization is an enabler for SME finance and how different fintech solutions address these barriers. The fintech solutions analyzed include digital credit, asset-based lending, and equity products. Also examined are innovative products such as digital payments, credit risk assessment using alternative data, tokenized assets, and electronic invoicing. Market enablers such as e-commerce and open banking, and the digitization of business processes, which contribute to addressing the barriers and frictions to SME access to finance, are also highlighted. Section four analyzes how the providers of these fintech solutions for SMEs impact traditional banks, financial institutions, and implications on the financial market structure. This section also discusses the effects of the COVID-19 pandemic on the use of digital financial products for SMEs. Section five then addresses some of the key risks and challenges involved in the adoption of digital financial products and key market enablers. Finally, section six presents policy and regulatory recommendations to address the different challenges
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  • 96
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Access to Finance ; E-Finance and E-Security ; Finance and Financial Sector Development ; Information and Communication Technologies ; Macroeconomics and Economic Growth
    Abstract: The global economy is undergoing a rapid digital transformation that is changing many conventional notions about our behavior and preferences. This includes the way in which we, as consumers, as businesses, or in interactions with government, seek out goods and services and pay for them or how we receive money from others or transfer it to family or friends. As the payments industry undergoes radical changes due to digital transformation, users, providers of payment services, and regulators are adapting to the new dynamics at varying paces. This note discusses the most significant innovations in payments and their key impacts and implications on users, banks and other payment service providers, regulators, and the overall structure of the payments market. The note places special emphasis on how emerging markets and developing economies (EMDEs) can reap the benefits of payment innovations in terms of costs, convenience, accessibility, and inclusion for individuals and firms, and allow them to leapfrog development of their payments markets and effectively support economic activity
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  • 97
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Climate Shocks ; Employment and Unemployment ; Information and Communication Technologies ; Labor Markets ; Poverty Assessment ; Poverty Reduction ; Social Protections and Labor
    Abstract: This poverty assessment lays out the broad development challenges that Nigeria faces, which constrain the country's poverty reduction. The discussion provides the backdrop for the detailed analysis presented in later parts of the report. First, the introductory section links Nigeria's macroeconomic performance with its prospects for poverty reduction, emphasizing that the country may be struggling to stimulate inclusive growth: that is, growth that would benefit Nigerians across the welfare distribution. Second, the section examines the proliferating climate and conflict shocks that Nigeria faces, which further complicate poverty reduction. Third, the section describes how the "double shock" of COVID-19 has affected Nigeria, through both health and economic impacts and discusses the recent acceleration in inflation. Finally, this introduction considers Nigeria's data landscape, explaining how new microdata offer vital insights into the country's pathways out of poverty
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  • 98
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Access To Finance ; Banking Law ; Finance and Financial Sector Development ; ICT Applications ; ICT Legal and Regulatory Framework ; Information and Communication Technologies ; Law and Development
    Abstract: Open banking has emerged strongly in the past few years as a system to give customers the right to share with parties they trust the information that banks have about them in a secure manner and also as a way to open up processes and services in banking. The main objectives pursued by regulatory frameworks that define open banking are generally encouraging innovation and fostering competition, resulting in new products and services at competitive prices to the benefit of consumers. With that in mind, and with the United Kingdom as a first mover, different regulatory approaches have been developed. Some of them are regulatory driven, while in other cases, with a hands-off approach, they have been led by industry. In between, we also find collaborative models in which both the public sector and private-party players are instrumental to the definition and adoption of open banking. Regulatory approaches also differ in the scope of data that is to be shared, the definition of the financial institutions that have to publish their application programming inter-faces and share data, the mandatory or voluntary nature of the framework, the definition of the type of license that third-party providers need to operate, and the definition or not of concrete standards, among other things. While there is no single right approach, there are common challenges that countries considering regulation certainly need to bear in mind in terms of the definition and interoperability of technical standards, security, governance, and consent and authentication mechanisms. Although open-banking regulatory frameworks have been operating for less than two years at most, early lessons can be drawn from the first movers and the debates that are taking place between regulators and market participants
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  • 99
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Agriculture ; Food Security ; Inequality ; Poverty ; Poverty Reduction ; Services and Transfers To Poor ; Social Protections and Labor
    Abstract: In contrast with the rest of Latin America and the Caribbean, Brazil's poverty rate is estimated to have decreased between 2019 and 2020 to 13.1 percent. Auxilio Emergencial (AE), a large emergency cash transfer program launched in April 2020, is believed to be the main driver of that decrease, because it more than offset economic losses caused by the COVID-19 pandemic. Nonetheless, food insecurity (FI) estimates showed an opposite trend: Severe and moderate FI went up in 2020. This apparent paradox can be mostly explained by the way in which poverty and FI are measured: Measurements of poverty are based on annualized income estimates, while those of FI are based on the occurrence of an event, whereby the sudden, uncompensated loss of a job or reduction of benefits (such as AE) can turn into the loss of a household's ability to feed itself in the short term. In 2021, both poverty and FI may have increased. Simulations suggest that poverty increased in 2021 to 18.7 percent. Meanwhile, about 18 percent of households reported running out of food in the past 30 days owing to a lack of resources, twice the pre-pandemic rate. Overall and food inflation, a sluggish labor market recovery with falling real wages, and the significant scaling down of the AE program are all factors in this trend. The war in Ukraine has pushed inflationary expectations upward. Given the projected 0.7 percent gross domestic product (GDP) growth for 2022, labor incomes are not expected to boost households' consumption levels significantly. Coupled with the complete elimination of AE, poverty and FI may further deteriorate in 2022
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  • 100
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Keywords: ICT Economics ; Information and Communication Technologies ; Science and Technology Development ; Technology Innovation
    Abstract: Many Sub-Saharan African (SSA) countries, including Guinea-Bissau, lack the requisite enabling environment to capture a larger fraction of the global digital economy or benefit from its gains and are thus at increasing risk of being left behind. Rapid digital transformation is reshaping the global economy, driving financing inclusion, closing information gaps between buyers and sellers, and changing the way economies of scale are achieved. In many, although certainly not all, parts of the continent, access to and affordability of broadband internet remains low; for that matter, even access to electricity is low, preventing Africans from being able to go online. Most public services remain offline, and many Africans lack digital identity or mobile wallets to take advantage of digital financial or other services. Digital skills and literacy remain weak. Finally, although venture capital investment on the continent continues to grow, 2021 witnessed 681 rounds of fundraising across 640 startups, totaling US5.2 billion dollars in equity raised, according to the African Private Equity and Venture Capital Association, structural constraints prevent businesses from taking greater advantage of the digital economy. Of the 716 financial technology (fintech) companies currently operating in SSA, only 5 percent have scaled. In this context, the WBG has undertaken this digital economy diagnostic of Guinea-Bissau under the leadership of the Ministry of Transport and Communication and the Vice Prime Minister. Based on desk research, virtual and in person interviews with a wide range of public and private sector stakeholders, and an April 2022 field mission to discuss preliminary findings and proposed recommendations, this report analyzes the constraints in each of the five foundational pillar and puts forward actionable recommendations categorized by priority level and sequencing. Overall, it aims to inform the national dialogue, as well as next steps, around Guinea-Bissau's digital transformation, a policy agenda in which the Government of Guinea Bissau (GoGB) has expressed keen interest
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