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  • 2015-2019  (15)
  • 2010-2014  (2)
  • Washington, D.C : The World Bank  (17)
  • Macroeconomics and Economic Growth  (12)
  • Law and Development
  • Social Protections and Labor
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  • Washington, D.C : The World Bank  (17)
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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Energy ; Energy and Poverty Alleviation ; Energy Policies and Economics ; Inequality ; Macroeconomics and Economic Growth ; Poverty ; Poverty Reduction ; Services and Transfers To Poor ; Taxation and Subsidies
    Abstract: This paper investigates the distributional direct welfare impact on households resulting from fuel subsidy removal. Note that this analysis focuses only on the direct distributional impact. A fuller understanding of the impact of fuel subsidies removal involves analyzing the indirect impact as well. Unfortunately, analysis of the distributional effect of fuel subsidies removal or fuel price increases is heavily constrained by the lack of appropriate data in Sudan. We do not have access to the relevant input-output table that describes the number of monetary transfers between sectors of the economy, making it impossible to simulate the indirect effect of fuel price increases on prices in other sectors. Therefore, the estimated impacts in this paper should be considered as the lower bound of the potential impact, as the overall impact will be higher when indirect impacts are factored. The paper is organized as follows. Section two examines the empirical evidence on the impact of fuel subsidy removal. Section three discusses the methodology and data used in this study. Section four presents an analysis of the welfare impact of fuel subsidies removal. Section 5, the conclusion, provides some suggestions on the way forward. The results from this work would inform policy dialogue with the Government of Sudan regarding the overall economic reforms that are being considered for stabilization of the economy
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  • 2
    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 ; Agricultural Sector Economics ; Agriculture ; Education ; Food Security ; Gender ; Incentives ; Inequality ; Labor Market ; Poverty ; Poverty Reduction ; Rural Development ; Rural Labor Markets ; Social Protections and Labor
    Abstract: Using the most recent household survey data, this paper examines the characteristics of Sudan's labor market as it relates to poverty outcomes. Several important aspects of the labor market are analyzed, including the relationship between labor market indicators and the demographic structure of the population, geographic location, education, and gender. It highlights the significant differences in labor market outcomes depending on the structure and distribution of the population and Sudan's labor market's many challenges across different dimensions, including demography, gender, and geography. The four key messages can be summarized as follows: first, Sudan is at the verge of entering the earl-dividend stage of the demographic transition. Sudan's population, while still very young, is on track to enter into the early-dividend stage of the demographic transition within just a few years, raising the stakes for job creation and investment in human capita. Second, while we find evidence for an increase in employment and labor force participation at the national level, this increase seems to be driven by seasonal labor in agriculture and increasing economic hardship, respectively. In urban areas, however, unemployment increased sharply, especially among youth. And despite the overall increase in employment and labor force participation, Sudan's labor market still underperforms in comparison to its peers. Third, Sudan's labor market is characterized by large gender disparities, including in terms of employment opportunities and pay. Finally, we find no signs of the beginnings of a structural transformation over the time-period author study; agriculture remains the mainstay of a large majority of employed Sudanese. Rather, labor productivity and real wages outside of agriculture declined markedly between 2009 and 2014, especially in sectors with links to the oil economy. The paper offers policy insights to enhance the role of the labor market in reducing poverty and boosting shared prosperity in Sudan, key among which are 1) encouraging private sector growth, 2) overcoming gender discrimination in the labor market, 3) investing in agriculture and re-storing price incentives, and 4) further expanding access to quality education
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other papers
    Keywords: Asset Recovery ; Corruption and Anticorruption Law ; Financial Law ; ICT Legal and Regulatory Framework ; Income and Asset Disclosure ; Information and Communication Technologies ; Law and Development ; Transparency
    Abstract: StAR-the Stolen Asset Recovery Initiative-is a partnership between the World Bank Group and the United Nations Office on Drugs and Crime (UNODC) that supports international efforts to end safe havens for corrupt funds. This paper presents an overview of the benefits and challenges associated with transitioning from paper-based to electronic filing. While many of the experiences and practices presented can be relevant to experts from countries across all regions and income levels, the primary audience is policymakers, asset declaration/anti-corruption experts, and practitioners in middle-income countries, with a focus on countries in Europe and Central Asia. This paper provides an overview of the topic and does not aim to discuss all technical issues exhaustively
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  • 4
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Protection and Labor Discussion Papers
    Keywords: Poverty Assessment ; Poverty Reduction ; Social Assessment ; Social Development ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: As part of the ongoing debate on the modernization of the Bolsa Familia (BF) program, several reform proposals were presented through 2019, including by the Ministry of Citizenship (MoC), Congress and the think tank IPEA, the latter as part of a broader proposal to consolidate various expenditures. This note uses the BraSIM microsimulation model to evaluate the 2019 proposals in the context of Brazil's tax benefit system. All proposals lead to a higher number of beneficiaries, with the poorest families, especially children and youth, benefitting the most. In general, the progressive incidence of the current program would vary little in the MoC and Congress reforms, but is reduced in IPEA's, which includes a universal component. The three proposals have different contributions on poverty-reduction: IPEA's reform is significantly less efficient than the current scenario and other reforms in terms of cost-effectiveness. However, IPEA's proposal most contributes to the reduction of inequality, and is the only one that identifies financing sources through the extinction of more regressive expenditures. Through this comparative analysis, the Note also highlights the main dilemmas about the future of the program, which remain relevant even in the post-COVID-19 reality: the tension between generosity and coverage; the priorization of certain groups for poverty-reduction; reconciling the program's objective of encouraging human capital for children with its role of minimum income guarantee; the risks of eliminating a "basic benefit". While only IPEA's proposal identified financing sources for the program's expansion, the Note reveals additional potential sources of financing for the BF program in the tax benefit system
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  • 5
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Fiscal and Monetary Policy ; Fiscal Policy ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Public Finance ; Public Sector Development ; Public Sector Management and Reform ; Public Sector Reform ; Taxation and Subsidies
    Abstract: Croatia has made significant economic progress since independence, but the global financial crisis has exposed weaknesses in its economy and growth model. While growth has resumed in 2015, income convergence has been thrown back by the crisis and by the prolonged recession that followed and is currently proceeding only slowly. Low growth potential, deriving from low productivity growth, an ageing society, emigration, and a pace of capital accumulation lower than before the crisis, needs to be boosted for sustainable and reasonably rapid income convergence with the EU28. To this end, the export sector merits particular attention. Integration in global value chains and exposure to international competition would help to strengthen firm-level productivity, investment, and wages. Croatia has the smallest goods export sector among its peers in Central and Eastern Europe (CEE), and while exports of services are strong thanks to a vibrant tourism industry, the potential for productivity improvements there is limited. Fiscal policy will need to remain tight, as high public debt, to a significant extent denominated in foreign currency, needs to be reduced and fiscal space rebuilt. However, there is scope for using expenditure policies, for instance better targeting of social assistance, to increase incentives for labor force participation, which would help counter adverse demographic trends, reduce the need for fiscal transfers and increase the scope for raising public investment, and reduce inequality and poverty. Lastly, the effectiveness and efficiency of public sector service delivery across almost the entire public sector will need to be raised. This will also serve to make Croatia a more attractive destination for investments, which in turn would help boost output, reduce unemployment, and provide more revenue
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Agriculture ; Conflict ; Equity and Development ; Food Security ; Inflation ; Macroeconomics and Economic Growth ; Poverty Reduction
    Abstract: The economy is estimated to have contracted by 3.5 percent during FY2017-2018, but a modest recovery is projected for FY2018-2019. Coupled with economic mismanagement, many years of conflict have eroded the productive capacity of South Sudan. Conflict persists across the country despite the peace agreement and is the major driver of the economic collapse. Oil production is expected to be the major driver of growth in the short and medium term. South Sudan remains in debt distress and the external position is weak, with depleted reserves estimated at less than one week of import cover. If the peace agreement is respected by all parties and conflict does not recur, the economy is projected to grow by 1.8 percent during FY2018-2019. However, a less positive outlook could emerge if the peace agreement falters, with growth barely reaching 0.3 percent in the absence of progress in the non-oil sectors
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Agricultural Sector Economics ; Agriculture ; Consumption ; Food Security ; Inequality ; Inflation ; Macroeconomics and Economic Growth ; Poverty ; Poverty Reduction ; Taxation and Subsidies
    Abstract: With the end of the oil economy in 2011, Sudan's regime of subsidies for wheat and fuel became increasingly unsustainable. The loss of oil revenues in the wake of the secession of South Sudan in 2011 resulted in severe macroeconomic imbalances, including a substantial budget deficit, pressure on the exchange rate, increases in the inflation rate, and the emergence of a system of multiple exchange rates. Despite an increase in the fiscal cost of these subsidies due to downward pressure on the Sudanese Pound (SDG) and except for incremental price hikes for electricity and fuel, both wheat and fuel subsidies remained largely in place until the end of last year. This policy note aims to estimate the level and incidence of welfare effects of increasing staple food prices between October 2017 and July 2018. Combining household-level data from the first round of the National Household Budget and Poverty Survey 2014/15 and monthly wholesale prices collected in up to six major markets throughout the country, this note evaluates the distributional effects of recent price hikes. Future subsidy reforms should pay close attention to typical food price fluctuations over the year: ideally, reforms are implemented shortly after sowing and before the main harvest season. Food prices typically fluctuate substantially in Sudan over the course of the year. Fuel subsidy reforms should be timed to take advantage of this pattern, which would most likely mean that they should be initiated directly after the sowing season and before the beginning of the harvest season so that prices remain stable at this point
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  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Agriculture ; Employment ; Employment and Unemployment ; Gender ; Labor and Employment Law ; Labor Markets ; Law and Development ; Skills Development and Labor Force Training ; Social Protections and Labor
    Abstract: Due to frequent domestic and external shocks, Niger is one of the poorest countries in the world. Located in a sub-region repeatedly challenged by security threats such as the Libyan conflict, the Mali crisis and the Boko Haram armed attacks, the Nigerien economy is exposed to severe climate shocks that largely impact the country's economic performance. Despite going through several episodes of political turbulence, Niger has experienced relative political stability, with beneficial effects for economic growth since 2011. To sum up, Niger is a country that faces the jobs challenges of an agrarian and increasingly resource-based economy, and in which a large part of the population is young, poor and exposed to external and internal shocks. In Niger, most population is poor and lives in rural areas, implying that the jobs with the highest development impact are in agriculture. However, as discussed, jobs per se do not guarantee sufficient income opportunities to escape poverty; as such, increases in productivity are crucial for improving living standards. Moreover, giving the high exposure of poor and rural households to climatic shocks and food insecurity, the new jobs agenda needs to encourage the use of modern and inputs and decrease reliance on rainfall patterns. This book is arranged as follows: 1) Chapter one explains the employment structures in Niger; 2) Chapter two discusses employment dynamics and transitions; 3) Chapter three has the analysis of agricultural employment; 4) Chapter four looks at non-agricultural household enterprises; and 5) Chapter five introduces the youth occupational aspirations
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464805516
    Language: English
    Pages: Online-Ressource (1 online resource (246 p.))
    Edition: Online-Ausg.
    Series Statement: World Development Indicators
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Currency ; Currency composition ; Debt disbursements ; Debt ratios ; Debt service ; External debt ; Finance and Financial Sector Development ; Global development finance ; Interest payments ; Macroeconomics and Economic Growth ; Principal repayments ; Total debt
    Abstract: The Little Data Book 2015 is a pocket edition of World Development Indicators 2015. It is intended as a quick reference for users of the World Development Indicators database, book, and mobile app. The database covers more than 1,200 indicators and spans more than 50 years. The 214 country tables present the latest available data for World Bank member countries and other economies with populations of more than 30,000. The 14 summary tables cover regional and income group aggregates
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    ISBN: 9781464804618
    Language: English
    Pages: Online-Ressource (1 online resource (88 p.))
    Edition: Online-Ausg.
    Series Statement: Directions in Development - Trade
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Comparative Advantage ; Exchange Rate ; Export Champions ; Export Growth ; Export-Promotion ; Exporter Dynamics ; Firm Size Distribution ; Firm-Level Data ; Global Value Chains ; International Economics and Trade ; Job Creation ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Policy ; Trade Sanctions
    Abstract: While other emerging regions have been thriving, the Middle East and North Africa (MENA) region's aggregate export performance over the past two decades has been consistently weak. Using detailed firm-level export data from Customs administrations, Champions Wanted explains why. One central finding of the book is that the size distribution of MENA's exporting firms is suggestive of a critical weakness at the top. With the exception of the top firm, MENA's elite exporters are smaller and weaker compared to their peers in other regions. The largest exporter is alone at the top-Zidane without a team. MENA countries have failed to nurture a group of export champions, which critically contribute to export success in other regions. Part of the reason behind this weak export performance is the lack of a competitive real exchange rate. The deleterious effects of an uncompetitive currency can be traced all the way down to the firm level, hurting expansion at the intensive and extensive margins and preventing the emergence of export takeoffs. The lack of heavyweight exporters at the top of the distribution also reflects the region's failure to push for trade and business climate reforms energetically. Finally, the region's prevalent cronyism and corruption under pre-Arab Spring regimes (at least) confirms that business-government ties have led to distortionary allocation of favors and rent dissipation by beneficiary firms, with little evidence that those firms have developed into national champions or helped lift the region's export performance. The possibility of state capture in itself should call for caution when advocating any form of government intervention. In contrast, some interventions, such as export promotion programs, show some effects on smaller exporters. However, because these firms are marginal in trade, such programs cannot be game changers. More broadly, the success of MENA countries in promoting export growth and diversification, as well as generating jobs, depends heavily on their ability to create an environment where large firms can invest and expand exports and new, efficient firms can rise to the top. This book offers some policy leads on how to achieve this goal
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464805530
    Language: English
    Pages: Online-Ressource (1 online resource (176 p.))
    Edition: Online-Ausg.
    Series Statement: World Development Indicators
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg. The little data book on financial inclusion 2015
    Keywords: Wirtschaftsindikator ; Sozialer Indikator ; Entwicklung ; Daten ; Finanzwirtschaft ; Öffentliche Schulden ; Auslandsschulden ; Schuldentilgung ; Sparen ; Haushalt ; Entwicklungsfinanzierung ; Currency ; Currency composition ; Debt disbursements ; Debt ratios ; Debt service ; External debt ; Finance and Financial Sector Development ; Global development finance ; Interest payments ; Macroeconomics and Economic Growth ; Principal repayments ; Total debt ; Erde
    Abstract: The Little Data Book on Financial Inclusion 2015 is a pocket edition of the Global Financial Inclusion Database published in 2015 in "The Global Findex Database 2014: Measuring Financial Inclusion around the World?" by Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden (World Bank Policy Research Paper 7255). It provides 41 country-level indicators of financial inclusion summarized for all adults and disaggregated by key demographic characteristics-gender, age, income, and rural residence. The book also includes summary pages by region and by income group aggregates. Covering 143 economies, the indicators of financial inclusion measure how people save, borrow, make payments and manage risk
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 12
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464804410
    Language: English
    Pages: Online-Ressource (1 online resource (164 p.))
    Edition: Online-Ausg.
    Series Statement: World Development Indicators
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg.
    Keywords: Education ; GDP ; Gender ; GNI ; Growth ; Income classification ; Infrastructure ; Macroeconomics and Economic Growth ; Malnutrition ; MDGs ; Population ; Poverty ; Trade
    Abstract: World Development Indicators 2015 provides a compilation of relevant, highquality, and internationally comparable statistics about global development and the fight against poverty. It is intended to help policymakers, students, analysts, professors, program managers, and citizens find and use data related to all aspects of development, including those that help monitor progress toward the World Bank Group's two goals of ending poverty and promoting shared prosperity. Six themes are used to organize indicators-world view, people, environment, economy, states and markets, and global links. As in past editions, World Development Indicators reviews global progress toward the Millennium Development Goals (MDGs) and provides key indicators related to poverty. WDI 2015 includes: * A selection of the most popular indicators across 214 economies and 14 country groups organized into six WDI themes * Thematic and regional highlights, providing an overview of global development trends * An in-depth review of the progress made toward achieving the Millennium Development Goals * A user guide describing resources available online and on mobile apps A complementary online data analysis tool is available this year to allow readers to further investigate global, regional, and country progress on the MDGs: data.worldbank.org/mdgs. Each of the remaining sections includes an introduction; six stories highlighting specific global, regional or country trends; and a table of the most relevant and popular indicators for that theme, together with a discussion of indicator compilation methodology. WDI DataFinder Mobile App Download the WDI DataFinder Mobile App and other Data Apps at data.worldbank.org/apps. WDI DataFinder is a mobile app for browsing the current WDI database on smartphones and tablets, using iOS, Android, and Blackberry, available in four languages: English, French, Spanish, and Chinese. Use the app to: * browse data using the structure of the WDI * visually compare countries and indicators * create, edit, and save customized tables, charts, and maps * share what you create on Twitter, Facebook, and via email
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 13
    ISBN: 9781464803567
    Language: English
    Pages: Online-Ressource (1 online resource (248 p.))
    Edition: Online-Ausg.
    Series Statement: Latin America and Caribbean Studies
    Series Statement: World Bank E-Library Archive
    Parallel Title: Druckausg. Latin America and the rising South
    DDC: 332.098
    RVK:
    Keywords: Entwicklung ; Wirtschaftswachstum ; Wirtschaftslage ; Lateinamerika ; Karibischer Raum ; Wirtschaftliche Integration ; Weltwirtschaft ; Sozioökonomischer Wandel ; Süden ; Emerging Market ; Wirtschaftswachstum ; Außenhandel ; Finanzwirtschaft ; Investition ; domestic savings ; FDI ; Financial integration ; Foreign direct investment ; Global financial network ; Global trade network ; Global value chains ; Globalization ; International Economics and Trade ; Labor market dynamics ; Macroeconomics and Economic Growth ; Private Sector Development ; Real exchange rate dynamics ; Rise of the south ; Trade Integration ; Trade structure ; Erde ; Lateinamerika
    Abstract: The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need to go beyond this North-South dichotomy. This tectonic re-configuration of the global landscape has brought about significant changes to countries in the Latin America and Caribean (LAC) region. The time is ripe for an in-depth analysis of the dynamics and nature of LAC's external connections.This latest volume in the World Bank Latin American and Caribbean Studies series will focus on the implications of these trends for the economic development of LAC countries. In particular, trade, financial, macroeconomic, and sectoral shifts, as well as labor-market aspects will be systematically analyzed
    Note: Description based on print version record
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Public Sector Study
    Keywords: Equity ; Fiscal Policy ; Inequality ; Law and Development ; Macroeconomics and Economic Growth ; Poverty Reduction ; Public Sector Development ; Tax Evasion ; Tax Law ; Tax Reform ; Taxation and Subsidies
    Abstract: This report takes an in-depth look, from a policy perspective, at the trade-offs between increasing tax collection and improving the equity of the fiscal system. As part of this effort, the report places the Peruvian tax system in an international context and considers the key challenges the government is facing in its drive to increase revenue. It also conducts qualitative and quantitative analyses of the impact of taxes and transfers on inequality and on the distribution of income. The report then makes several policy proposals that would increase tax collection without jeopardizing equity, and it then simulates the impacts of these changes on collection and equity. This advice spanned the 2012-2014 period, and included research on several tax policy-related issues, such as legal advice on double-taxation treaties and in-depth analyses of tax exemptions. To keep the focus tight, some of the work is not included in this report. Contributions were originally written in Spanish to provide the Ministry of Economy and Finance (MEF) with timely advice on the subject and were discussed with the counterparts during and immediately after its preparation. As a result of prioritizing this process, two teams focused on different areas of research and were able to contribute to the analytical base behind the ongoing tax reform. The report summarizes the main elements of this process and resulting advice. It comes out at the same time as the finance ministry announces the first set of tax reforms that were informed by this work
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  • 15
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Legal and Judicial Sector Assessment
    Keywords: Bribery ; Corruption and Anticorruption Law ; Illicit Enrichment ; Law and Development ; Law Enforcement Systems ; Money Laundering ; Public Officials
    Abstract: This document contains the answers to the self-evaluation questionnaire of Honduras for the Review Mechanism in the implementation of the United Nations Convention against Corruption (UNCAC). To facilitate the review of Party States (Dominican Republic and Republic of Nauru) a brief summary of the criminal proceedings in Honduras, its stakeholders and roles are presented. Also attached are some key definitions that may contribute to understanding the Honduran context in criminal matters, criminal procedure and international cooperation, related to the implementation of UNCAC
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  • 16
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Adaptation To Climate Change ; Climate Change ; Climate Change Economics ; Climate Change Impacts ; Decision Making ; Environment ; Financial Management ; Macroeconomics and Economic Growth ; Private Sector
    Abstract: The 2013 Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC AR5) advised that warming of the climate system is unequivocal and said that since the 1950s many of the observed changes are unprecedented over decades to millennia. Climate change is one of the greatest challenges of our time it affects every country and yet progress in mainstreaming climate change into the policy-making process is patchy. Some countries political leaderships have put in place high-profile climate change mitigation and adaptation plans, with broad participation across government agencies and nongovernmental stakeholders, and with their central finance and planning agencies assuming a key role. In many other countries, however, climate change issues remain the preserve of specialist environmental agencies and there is no framework or mechanism by which climate change issues are systematically taken into account in national planning. This Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) seeks to provide practitioners with the tools and information needed to respond to the public expenditure policy and management challenges arising from climate change. It is a series of notes and supporting materials written to consolidate current research and international experience, to identify emerging practice, and to provide practical and applicable guidance for staff of central finance agencies, development agencies, environmental agencies, and international organizations working on climate change issues
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Economic Memorandum
    Keywords: Energy ; Investment Climate ; Macroeconomics and Economic Growth ; Oil and Gas ; Public Investment ; Public Sector Development ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: This report - the first phase of a programmatic Iraq country economic memorandum (CEM) is structured around the themes of revenue management and economic diversification. These themes accord with the economic challenges faced by Iraq in the medium term but contrast with the short-termism of current Iraqi decision making, which is pushing for a rapid ramp-up of oil production - reducing diversification to finance a large up-front spending program which is detached from a vision of how to diversify the economy. Iraq's oil revenue boom will not be able to meet the expectations placed upon it without a range of supporting policies. Iraq should aim towards adapting its economy to strong weight of oil, as opposed to complete insulation of the non-oil economy from it or dependence on it. To address the myriad links between Iraq's economic challenges, the report takes a sequential approach to the analysis. Chapter one presents an overview of the fiscal aspects of prospective developments in the energy sector, and an outline of major obstacles to growth in the non-oil economy. Chapter two, a relatively high-level and abstract economic model is developed to study the impact of various options for spending the oil revenue windfall on the non-oil economy. Chapter three, the opportunities for the development of the non-oil economy are set out in more detail along with recommended next steps in the World Bank support to the government of Iraq
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