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  • 2015-2019  (4,572)
  • 2005-2009  (1,440)
  • Washington, D.C : The World Bank  (6,012)
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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (98 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: Over the past decade, China has built 25,000 km of dedicated highspeed railway-more than the rest of the world combined. What can we learn from this remarkable experience? China's High-Speed Rail Development examines the Chinese experience to draw lessons for countries considering investing in high-speed rail.The report scrutinizes the planning and delivery mechanisms that enabled the rapid construction of the high-speed rail system. It highlights the role of long-term planning, consistent plan execution, and a joint venture structure that ensures active participation of provincial and local governments in project planning and financing.Traffic on China's high-speed trains has grown to 1.7 billion passengers a year. The study examines the characteristics of the markets for which high-speed rail is competitive in China. It discusses the pricing and service design considerations that go into making high-speed rail services competitive with other modes and factors such as good urban connectivity that make the service attractive to customers.One of the most remarkable aspects of the Chinese experience is the rapid pace of high-quality construction. The report looks at the role of strong capacity development within and cooperation among China Railway Corporation, rail manufacturers, universities, research institutions, laboratories, and engineering centers that allowed for rapid technological advancement and localization of technology. It describes the project delivery structures and incentives for delivering quality and timely results.Finally, the report analyzes the financial and economic sustainability of the investment in high-speed rail. It finds that a developing country can price high-speed rail services affordably and still achieve financial viability, but this requires very high passenger density. Economic viability similarly depends on high passenger density
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  • 2
    Language: English
    Pages: 1 Online-Ressource (182 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: Port Development and Competition in East and Southern Africa analyzes the 15 main ports in East and Southern Africa (ESA) to assess whether their proposed capacity enhancements are justified by current and projected demand; whether the current port management approaches sufficiently address not only the maritime capacity needs but also other impediments to port efficiency; and what the expected hierarchy of ports in the region will be in the future. The analysis confirms the need to increase maritime capacity, as the overall container demand in the ports in scope is predicted to begin exceeding total current capacity by between 2025 and 2030, while gaps in terms of dry and liquid bulk handling are expected even sooner. However, in the case of many of the ports, the issue of landside access-the ports' intermodal connectivity, the ease of international border crossing, and the port-city interface-is more important than the need to improve maritime access and capacity. The analysis finds that there is a need to improve the operating efficiency in all of the ESA ports, as they are currently less than half as productive as the most efficient ports in the matched data set of similar ports across the world, in terms of efficiency in container-handling operations. Similarly, there is a need to improve and formalize stakeholder engagement in many of the ports, to introduce modern management systems, and to strengthen the institutional framework to ensure the most efficient use of the infrastructure and to be able to attract private capital and specialist terminal operators. Finally, given the ports' geographic location and proximity to main shipping routes, available draft, and the ongoing port-and-hinterland development, the book concludes that Durban and Djibouti are the most likely to emerge as the regional hubs in ESA's future hub-and-spoke system
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464814112
    Language: French
    Pages: 1 Online-Ressource (572 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Africa Development Forum
    Parallel Title: Erscheint auch als
    Abstract: Cet ouvrage presente une serie d'orientations politiques, ainsi que leurs declinaisons operationnelles, permettant aux pays d'Afrique subsaharienne de relever le defi de l'amelioration de l'apprentissage tout en elargissant l'acces et en assurant l'achevement d'une education de base pour tous. L'etude souligne l'importance de configurer le systeme educatif de maniere a ce qu'il soit constamment axe sur les resultats et a ce que tous les enfants aient acces a de bonnes ecoles, du materiel d'apprentissage de qualite et d'excellents enseignants. L'approche de cet ouvrage est unique car elle caracterise les pays en fonction des defis auxquels ils ont ete confrontes dans les annees 1990 et selon les progres accomplis en matiere d'education au cours des 25 dernieres annees, ce qui permet ainsi aux pays de la region d'apprendre les uns des autres. Les auteurs presentent une revue de litterature et y ajoutent de nouvelles analyses tirees de multiples donnees provenant d'une trentaine pays de la region. Ils integrent egalement des resultats de recherche sur ce qui influence l'apprentissage des enfants, leur acces a la scolarisation et les progres accomplis grace a l'education de base. Le livre tire des lecons sur la region pour la region a partir de ce qui fonctionne et de ce qui serait necessaire d'ameliorer. Le livre explore quatre pistes pour aider les pays a ajuster leurs systemes educatifs afin d'ameliorer l'apprentissage : poursuivre les efforts inacheves visant a assurer une education de base universelle et de qualite, assurer une supervision et un soutien efficaces des enseignants, concentrer les priorites de depenses et les procedures budgetaires sur l'amelioration de la qualite, et combler le deficit de capacites du systeme institutionnel. L'ouvrage se termine par une evaluation de la maniere dont les previsions de taux de fecondite et de croissance economique peuvent impacter les progres futurs en matiere d'education
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464814754
    Language: Spanish
    Pages: 1 Online-Ressource (80 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: World Bank Annual Report
    Parallel Title: Erscheint auch als
    Abstract: El Banco Mundial esta formado por el Banco Internacional de Reconstruccion y Fomento (BIRF) y la Asociacion Internacional de Fomento (AIF). Su mision es poner fin a la pobreza extrema e impulsar la prosperidad compartida de manera sostenible
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  • 5
    ISBN: 9781464814396
    Language: English
    Pages: 1 Online-Ressource (146 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: StAR Initiative
    Parallel Title: Erscheint auch als
    Abstract: The cost of official corruption is high: it degrades public trust, impedes economic development, and undermines the rule of law. Countries around the world are increasingly using asset recovery measures to pursue justice in official corruption cases and restore funds to public use. Successful application of bankruptcy or insolvency law can make or break a corruption case.Going for Broke: Insolvency Tools to Support Cross-Border Asset Recovery in Corruption Cases is intended as a guidebook for asset recovery practitioners for the use of bankruptcy proceedings in their work. It is offered as a complement to our prior texts: Public Wrongs, Private Actions and The Asset Recovery Handbook.Going for Broke offers practical advice to inform insolvency representatives, law enforcement officials, policy makers, and anyone entrusted with recovering their nations' stolen assets about the ways in which insolvency can be effectively be employed-either to complement an existingcivil or criminal asset recovery action or as a standalone procedure for recovery. It may also serve as a quick reference for other practitioners, including auditors, accountants, and others who deal with corruption and asset recovery
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (102 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: It is widely agreed that, over the past decade, accelerating infrastructure investments in India's North Eastern Region (NER) and neighboring countries, along with connectivity agreements with Bangladesh, hold immense promise for unlocking NER's economic potential. Other global trends, such as the growing incomes and consumer awareness in India and neighboring countries; a rising preference for fresh, healthy, safe, environmentally friendly, and socially responsible products; the growing role of services in manufacturing; and increasing demand for skilled resources are also very favorable for NER. Together, these developments can help NER showcase its strengths in agriculture and services, thereby developing value chains in these sectors, which will lead to sustainable, better-paying job opportunities for the people of NER. In this context, the World Bank, in consultation with stakeholders--government, private sector, and academia--analyzed two cross-cutting constraints that are encountered across all value chains and sectors in NER: connectivity and logistics, and product standards and quality infrastructure. To ground the policy in specific contexts, the team studied four sectors in depth: fruits and vegetables, spices, bamboo and related products, and medical tourism. Playing to Strengths lays out an initial policy framework for NER that integrates demand and supply and shows that, even with a low base in manufacturing, NER can leverage its strengths in agriculture and services to step up its growth. However, implementing this framework will require a different approach to doing business compared with the existing ecosystem and its associated value chains, which are mostly geared to local and/or price-conscious consumers. In capitalizing on its advantages, NER will not only accelerate its own development, but also will play an increasingly critical role in the government of India's "Act East" policy
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464813887
    Language: English
    Pages: 1 Online-Ressource (140 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Enabling the Business of Agriculture 2019 presents indicators that measure the laws, regulations and bureaucratic processes that affect farmers in 101 countries. The study covers eight thematic areas: supplying seed, registering fertilizer, securing water, registering machinery, sustaining livestock, protecting plant health, trading food and accessing finance. The report highlights global best performers and countries that made the most significant regulatory improvements in support of farmers
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  • 8
    Language: English
    Pages: 1 Online-Ressource (66 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: This book examines how nine different health systems--U.S. Medicare, Australia, Thailand, Kyrgyz Republic, Germany, Estonia, Croatia, China (Beijing) and the Russian Federation--have transitioned to using case-based payments, and especially diagnosis-related groups (DRGs), as part of their provider payment mix for hospital care. It sheds light on why particular technical design choices were made, what enabling investments were pertinent, and what broader political and institutional issues needed to be considered. The strategies used to phase in DRG payment receive special attention. These nine systems have been selected because they represent a variety of different approaches and experiences in DRG transition. They include the innovators who pioneered DRG payment systems (namely the United States and Australia), mature systems (such as Thailand, Germany, and Estonia), and countries where DRG payments were only introduced within the past decade (such as the Russian Federation and China). Each system is examined in detail as a separate case study, with a synthesis distilling the cross-cutting lessons learned. This book should be helpful to those working on health systems that are considering introducing, or are in the early stages of introducing, DRG-based payments into their provider payment mix. It will enhance the reader's understanding of how other countries (or systems) have made that transition, give a sense of the decisions that lie ahead, and offer options that can be considered. It will also be useful to those working in health systems that already include DRG payments in the payment mix but have not yet achieved the anticipated results
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464815171
    Language: English
    Pages: 1 Online-Ressource (70 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: After a period of rapid economic growth associated with high commodity prices, the Latin America andCaribbean region has again entered a phase of lackluster performance. Overall this slowdown seems moreself-inflicted than imported, and the outlook for the region is not encouraging either. A tepid exportresponse constrains the prospect of growing through external demand whereas limited fiscal space leaveslittle room to stimulate domestic demand. The outlook could deteriorate further if the internationalenvironment became less conducive.This report explores whether inward-looking development strategies could be one of the reasons for slowgrowth in Latin America and the Caribbean. Trade barriers are higher than in other developing regions, andwhile numerous preferential trade agreements have been signed, many of them are intra-regional. Thereport shows that South-North agreements are associated with increases in economic complexity andfaster economic growth than South-South agreements. It illustrates the point by assessing the economic,social, spatial and environmental impacts of two major: South-North agreements signed over the last year
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464814433
    Language: English
    Pages: 1 Online-Ressource (356 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Sustainable Infrastructure
    Parallel Title: Erscheint auch als
    Abstract: During the 1990s, a new p ...
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (84 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: This report is part of a broader work program on shaping a more positive narrative on regional integration in South Asia. It is a follow-up to a recent flagship report published by the South Asia Region of the World Bank, A Glass Half Full: The Promise of Regional Trade in South Asia. E-commerce is dramatically changing the way goods and services are transacted nationally, regionally, and globally. It facilitates international trade by reducing the cost of distance and remoteness and can be more inclusive of underrepresented groups such as women, small businesses, and rural entrepreneurs. Intraregional trade in South Asia is still below its potential, and the region lags behind other parts of the world in activating the potential benefits from e-commerce. Adopting a novel yet practical approach, this report explores how e-commerce can be boosted to deepen intraregional trade in South Asia. It examines the main transacting models in the digital space and the channels through which e-commerce helps reduce transactions costs for firms and consumers. It considers the regulations, as well as the regulatory gaps, affecting private sector participation in e-commerce, focusing on data privacy, consumer protection, delivery, cybersecurity, market-access regulations, and digital payments. Finally, the report presents recommendations for regulatory reforms that could enhance e-trade, especially in a regional context and as a possible platform for greater global engagement by South Asian firms. The scale of these recommendations ranges from the modest, such as allowing cross-border payments and streamlining the customs regime, to the more ambitious, such as allowing the operation of regional e-commerce platforms and liberalizing related cross-border logistics services
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  • 12
    Language: English
    Pages: 1 Online-Ressource (46 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: This book presents the main findings of a study on school learning environments and student outcomes, which the World Bank conducted in 2019 in three regions of the Russian Federation. Using data collected through the OECD School User Survey and the pilot "Trends in Mathematics and Science Study"? (TIMSS), the book analyzes how a school's infrastructure and learning environment may affect the progress and success of students in math and science. It also delves into teaching practices, analyzing their impact on learning and highlighting the important nexus between learning environments and teaching methods. The book concludes by recommending areas in which focused attention by educational authorities could improve educational policy and help maintain high-quality learning environments. The book will be useful for educators, school principals, architects, and policy makers who are involved in school infrastructure projects and are interested in increasing their knowledge of school design planning
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  • 13
    ISBN: 9781464812712
    Language: French
    Pages: 1 Online-Ressource (172 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Practice
    Parallel Title: Erscheint auch als
    Abstract: Les ressources naturelles sont susceptibles de renforcer la stabilite economique et politique d'un pays et de contribuer a la prosperite nationale et au developpement economique. Cependant, dans les pays dependant largement des ressources naturelles, une mauvaise gestion de ces secteurs peut souvent entrainer corruption, flux financiers illicites (FFI) et ainsi, pauvrete. Une transparence et responsabilisation de la gestion reglementaire de ces secteurs est donc un defi pour les pays riches en ressources. De mauvaises decisions concernant l'octroi de licences extractives peut ouvrir une boite de Pandore en multipliant les risques de corruption. Ce manuel fournit donc des methodes et solutions inspirees des bonnes pratiques pour ameliorer la transparence, la responsabilisation et l'integrite dans la procedure reglementaire d'octroi de licences, ainsi que la diligence raisonnable en matiere d'integrite. Ce Manuel adapte le concept de competence et d'honorabilite issu de la declaration de Bale au secteur extractif, et fournit des solutions pour effectuer des controles efficaces en matiere de (a) propriete effective (b) antecedents criminels et judiciaires (c) conflits d'interets, avec l'objectif d'integrer ces controles au processus reglementaire d'octroi de licences. Ce manuel met egalement en exergue les lacunes juridiques pouvant faciliter les risques de corruption et offre des solutions pour reduire ces risques. Les bonnes pratiques identifiees peuvent aider les pays a affecter des ressources limitees aux controles des antecedents necessitant un examen minutieux et rigoureux et a effectuer ces controles de la maniere la plus rentable possible. Elles aident egalement les pays a repondre aux exigences de l'ITIE relatives a la divulgation des beneficiaires effectifs et des personnes politiquement exposees (PPE). Ces strategies visant a limiter les possibilites de corruption dans le secteur extractif peuvent aider a reduire les flux financiers illicites (FFI) qui peuvent miner les ressources d'une economie et empecher un pays d'atteindre ses objectifs en matiere de developpement durable
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  • 14
    Language: English
    Pages: 1 Online-Ressource (142 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: Because malnutrition in early life significantly affects the physical and mental development of children, addressing malnutrition is fundamental to the development of Vietnam's human capital. Economic development of the nation depends on the strength, resilience, and intelligence of its workforce. Governments dedicate millions of dollars annually to health and education, recognizing that individual losses in productivity may run as high as 10 percent of lifetime earnings and that as much as 11 percent of GDP could be lost each year in Asia and Africa due to undernutrition.The ethnic minority groups living mainly in the northern midlands and in the mountainous and central highlands regions are consistently more undernourished than the Kinh majority. Despite decreases in stunting, the prevalence of stunting among ethnic minority children is still twice that in the Kinh ethnic group. There has been an overall decline in wasting of 1.7 percent between 2000 and 2011, although only the richest quintile showed a significant reduction (3.4 percent). These data, along with an overall decrease in the prevalence of wasting and stunting, indicate an increase in nutrition inequality between 2000 and 2011. Moreover, it is noteworthy that the ethnic minority groups constitute the majority of the undernourished populations in most of the 10 provinces with the highest rates of stunting among children under 5 years old.This analytical report describes the very high rates of malnutrition among ethnic minority populations in Vietnam. It assesses the determinants and causes, using a causal framework and systems analysis; reviews current commitments and policies directed at reducing disparities in malnutrition; examines implementation of nutrition-specific and nutrition-sensitive interventions, particularly those that require multisectoral coordination and collaboration; draws conclusions based on the analysis; and recommends how policies and programs can be strengthened to reduce inequities and fulfill the economic potential of all ethnic groups
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  • 15
    ISBN: 9781464813979
    Language: English
    Pages: 1 Online-Ressource (192 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Africa Development Forum
    Parallel Title: Erscheint auch als
    Abstract: In Sub-Saharan Africa, th ...
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  • 16
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This Country Program Evaluation (CPE) assesses the development effectiveness of the World Bank Group program in the Philippines between 2009 and 2018. The report provides input to the next Country Partnership Framework for the Philippines and may offer lessons for Bank Group country programs in other lower-middle-income countries facing similar development challenges
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  • 17
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This evaluation reviews how well the World Bank's operating model has enabled knowledge flow and enhanced collaboration to deliver integrated solutions. The evaluation also looks at the incentives and behaviors the model inculcates. Evidence comes from both sides of the matrix.The evaluation finds that certain aspects of the operating model have shown value, especially its enabling of global knowledge flow. This is the effect of setting up GPs that operate more globally than before and GTs that provide useful strategic directions and coherence to cross-cutting priorities. The World Bank is able to provide integrated solutions addressing clients' important development problems because of the leadership of Country Directors supported by Program Leaders.However, evidence from the early years of implementing the model indicates that its structure and processes tend to inhibit collaboration and cause inefficiency, fragmentation, and internal competition. The interface between GPs and Regions has weakened. Some GPs lack coherent and systematic approaches to managing and investing in knowledge. There are concerns with insufficient contestability in the quality assurance process for operations and ASA products. If left unaddressed, these issues pose risks to the World Bank's ability to deliver for clients.IEG acknowledges management's proactive course correction of the operating model. The evaluation finds that this could be enhanced by continuously collecting and reviewing data on organizational effectiveness.These findings have led to six recommendations: (1) Strengthen the approach to knowledge in the GPs and GTs with clear goals, roles, and mechanisms, budgets commensurate with mandates, and metrics for knowledge uptake, quality, and influence; (2) improve budgeting systems to better incentivize knowledge flow and collaboration; (3) better link the GPs and Regions to improve coordination and enhance responsiveness to clients; ( 4) ensure a stronger and more consistent use and role of the Program Leaders as a mechanism for cross-sectoral collaboration, integrated solutions, and complex client dialogue; (5) review the existing quality assurance arrangements to improve the quality of knowledge embedded in advisory and financing services; and (6) ensure there is ongoing monitoring of the operating model and more continuity in change management efforts to enhance the organization's ability to attain its knowledge flow and collaboration goals
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  • 18
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Sector Management Assistance Program Papers
    Abstract: The Energy Sector Management Assistance Program (ESMAP) in the World Bank, in consultation with multiple development partners, has developed the Multi-Tier Framework (MTF) to measure and monitor energy access in terms of attributes and tiers. The MTF defines energy access as one that is adequate, available when needed, reliable, of good quality, affordable, legal, convenient, healthy, and safe for all required energy applications across households, productive enterprises, and community institutions. As part of the stock-taking exercise on measuring access using MTF, ESMAP has launched detailed data collection activities in seventeen countries, including Bangladesh. Findings of this report are based on nationally representative data on access to electricity and cooking solutions
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  • 19
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Sector Management Assistance Program Papers
    Abstract: The Multi-tier Framework (MTF) was developed to address the specifics of energy-access needs outlined in the Sustainable Development Goals (SDGs) of the United Nations and the Sustainable Energy for All (SEforAll) initiative launched by the Secretary-General of the United Nations. The Energy Sector Management Assistance Program (ESMAP) in the World Bank, in consultation with multiple development partners, has developed the Global Tracking Framework (GTF) to measure and monitor energy access using the MTF in terms of attributes and tiers. As part of the stock-taking exercise on measuring access via the MTF, ESMAP has launched detailed data collection activities in seventeen countries. One of those is Nepal, a country in South Asia committed to achieving the Sustainable Development Goal on Energy Access (SDG 7.1). With the government of Nepal, the World Bank carried out a nationally representative household survey in 2017 to determine a baseline for Nepal's access to energy. The findings of this report are based on the data from that survey
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  • 20
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Systems Approach for Better Education Results (SABER)
    Abstract: This report is organized as follows. Chapter one analyzes the emerging trends in the evolution of student's learning outcomes in Tanzania's primary schools and explores variations by region, ethnic-group and gender. Chapter two describes different dimensions and trends of teacher quality, such as teacher absence, content knowledge, pedagogical skills and teaching practices. Chapter three provides descriptive evidence on school governance and school management quality using the Development-World Management Survey. Chapter four presents detailed information on school inputs and infrastructure, as well as emerging trends. Chapter five provides a more general description of the different types of support available to students and their engagement to learning. Chapter six analysis the correlation between service delivery indicators and learning outcomes and provides suggestive evidence on key observable factors associated with highest gains in test scores. Chapter seven concludes by providing some clear lessons and priority areas for action
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Finance and Financial Sector Development ; Financial Regulation ; Financial Regulation and Supervision ; Legal Framework
    Abstract: The Philippine payment, clearing, and settlement infrastructure consists of systemically important financial market infrastructures and retail payment systems. The Philippine payment and settlement system (PhilPaSS) was implemented in 2002 and is operated by the payments and settlements office (PSO) of Bangko Sentral ng Pilipinas (BSP) and the oversight function is with the payment system oversight department (PSOD) of BSP. The rules and regulations for implementation of the national payment systems act (NPSA) have to be notified by the BSP on an immediate basis to provide a high degree of certainty for payment systems in Philippines, including each material aspect of PhilPaSS' activities. The BSP should obtain the approval of the Monetary Board (MB) for the operations of PhilPaSS as laid down under section 8 of the NPSA. It is recommended that BSP issue necessary secondary legislation under the NPSA covering the registration of payment systems. In order to ensure that the current governance framework adequately represents the interests of the relevant stakeholders in PhilPaSS, BSP may take suitable measures such as considering stakeholder representation in the Board Risk Oversight Committee (BROC) or in the digital payments transformation steering committee (DPTSC) for direct participants or alternately constitute user committees and undertake a public consultation process. The MB should establish a clear, documented risk-management framework that includes the PhilPaSS' risk policy, assigns responsibilities and accountability for risk decisions, and addresses decision-making in crises and emergencies. It is accordingly recommended that: (i) the enterprise risk management (ERM) framework to include legal risk, credit risk, liquidity risk, settlement risk, custody risk, and reputational risk for PhilPaSS, apart from operational risk; and (ii) consider strengthening the BROC to enable it to also function as a risk committee for PhilPaSS in addition to its existing role
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Debt Markets ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Non Bank Financial Institutions ; Securities Markets Policy and Regulation
    Abstract: The Philippines corporate debt and equity markets will need to grow to provide alternative financing sources to support the strongly growing economy and emphasis on infrastructure spend. Capital markets deepening will be an essential pre-requisite for the country's continued economic development. Well-functioning capital markets ensure the optimal allocation and pricing of capital. This enables retail and wholesale pools of capital to be efficiently deployed in a manner that maximizes returns for such owners of capital against their risk profile. Furthermore, there are a number of technical and operational issues that can be addressed, that can significantly improve the enabling environment for and functioning of the capital markets. The result of these factors has been a lack of focus in policy development and implementation that has hampered capital market development. Key issues include: a lack of commitment to reform from key stakeholders that has impeded the development of markets and market infrastructure; an onerous tax environment that has deterred issuance and investment; a continuing need to improve investor confidence by strengthening the quality of supervision and enforcement for market intermediaries and market operators; cumbersome regulatory requirements and processes around issuance, particularly debt issuance; and outdated and inefficient trading and post-trading infrastructure, and governance concerns regarding market operators. In order to effect meaningful change, a capital markets champion is required. This champion should be cognizant of the relevance of capital markets to the country and possess the will and vision to drive legislative, regulatory, and tax reforms. In addition, a commitment to initiate a change in the ownership and governance of key exchanges and enforce policy against entrenched interests will provide considerable impetus for development
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  • 23
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Finance and Financial Sector Development ; Financial Regulation ; Financial Regulation and Supervision ; Securities Markets Policy and Regulation
    Abstract: The securities and exchange commission (SEC) is the main regulator of the capital market in the Philippines, but its resources are insufficient to adequately address its core functions, especially the supervision of capital market participants, and yet it has to address other legal responsibilities unrelated to capital markets. Other agencies also have capital market regulatory responsibilities, creating a fragmented regulatory framework that causes inconsistencies detrimental to the market and to investors' protection. The existence of regulatory arbitrage, supervisory overlaps, and enforcement gaps evidences the need for an active periodic procedure with other financial system regulators to coordinate supervision activities and review unregulated products, markets, market participants and activities. It should include information sharing and analysis of areas where there may be arbitrage, overlap, gaps, and risks to investor protection and market fairness, efficiency and transparency or other risks to the financial system. A clear and consistent risk-based approach for the SEC supervision of capital market intermediaries is needed. The bank secrecy legislation of Philippines impedes prompt access by the SEC to bank account information
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: E-Finance and E-Security ; Finance and Development ; Finance and Financial Sector Development ; Financial Literacy ; Financial Regulation ; Financial Regulation and Supervision ; Financial Structures ; Legal Framework ; Risk Management
    Abstract: This technical note, prepared based on the financial sector assessment program (FSAP) mission to the Philippines, presents the overview of retail payments in the country and assesses its various aspects against relevant international standards and guidance. The assessment covers twelve thematic areas, which include: (1) public and private sector commitment; (2) legal and regulatory framework; (3) governance arrangements; (4) market competitiveness; (5) financial and information and communications technology (ICT) infrastructures; (6) risk management; (7) access points; (8) product design; (9) awareness and financial literacy; (10) leveraging large-volume recurrent payment streams; (11) payment systems oversight; and (12) cooperation and information sharing. This paper aims to present a succinct but comprehensive assessment of the most important aspects of the retail payments market in the Philippines. The scope of the assessment also includes an examination of the nascent fintech ecosystem, insofar as it relates to the provision of payment services or using retail payment services and accompanying infrastructure to build other value-added products
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  • 25
    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 ; Environment ; Inequality ; Natural Disasters ; Poverty ; Poverty Reduction ; Rainfall ; Resilience
    Abstract: The Sudanese economy has faced several shocks over the years, sometimes resulting in devastating impacts on the economy and the welfare of Sudanese households. The sources of these shocks vary, ranging from weather-related shocks such as droughts and floods to the global financial crisis and commodity price hikes. In the absence of effective social protection programs, exposure of households to frequent shocks lowers their ability to escape poverty, pushing households slightly above the poverty line back into poverty and sliding poor households deeper into poverty. This paper applies this framework to examine the impact of shocks on the welfare of Sudanese households and explore coping strategies typically utilized by households to mitigate the negative effects of shocks. The paper uses the 2009 National Baseline Household Survey (NBHS) and the 2014-15 National Household Budget and Poverty Survey (NHBPS) to document the main types of shocks that Sudanese households are exposed to and describe the profile of Sudanese households likely to be vulnerable and/or resilient to shocks. To complement this analysis, the paper uses the most recent round of the data collected in 2014/15 (containing information on idiosyncratic shocks) together with data on covariate shocks such as rainfall and conflict obtained from other sources to estimate the impact of shocks on household welfare. Since the impact of shocks on household welfare is likely to be multidimensional, various indicators of household welfare such as consumption, poverty status, assets, dietary quality, and diversity are considered in the paper. Results from the analysis are used to highlight the state of social protection in Sudan and discuss the need for an expansion of the existing system
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  • 26
    Language: English
    Pages: 1 Online-Ressource (70 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: This volume summarizes a series of studies undertaken to better understand the current socioeconomic context of the Northern and Eastern provinces in Sri Lanka. Nearly a decade after the end of the Sri Lankan civil war, the Northern and Eastern provinces lag in key social and economic measures. The study was made up of six background studies focused on (i) the provincial economies and economic structures of the North and East; (ii) labor force dynamics; (iii) demographic changes and impacts on vulnerability; (iv) the psychosocial needs of the local population; (v) community and social institutions; and (vi) livelihood trends and impacts of the war on productive assets. These studies were informed by both primary data collection, as well as secondary data sources and literature. The key findings from the assessment show that significant public investments in the Northern and Eastern provinces have resulted in growth and convergence between these provinces and the rest of the country. However, pockets of poverty and deprivation remain across these provinces, and the economic base of the region has yet to fully recover from the impacts of the civil war. Social vulnerabilities were persistent across the Northern and Eastern provinces, and were closely linked with poverty rates. With the demographic impacts of the war, vulnerabilities for women are growing in the region. There was a high rate of psychosocial needs recorded, and evidence that the social fabric has not been fully restored since the war. Citizen engagement, trust, and accountability remain important priorities, alongside economic revival, job creation, and restoring the social fabric and local institutions
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  • 27
    ISBN: 9781464813702
    Language: English
    Pages: 1 Online-Ressource (190 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Remarkably, a small fract ...
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  • 28
    ISBN: 9781464813641
    Language: English
    Pages: 1 Online-Ressource (196 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Sustainable Infrastructure
    Parallel Title: Erscheint auch als
    Abstract: Beyond the Gap: How Countries Can Afford the Infrastructure They Need while Protecting the Planet aims to shift the debate regarding investment needs away from a simple focus on spending more and toward a focus on spending better on the right objectives, using relevant metrics. It does so by offering a careful and systematic approach to estimating the funding needs to close the service gaps in water and sanitation, transportation, electricity, irrigation, and flood protection. Exploring thousands of scenarios, this report finds that funding needs depend on the service goals and policy choices of low- and middle-income countries and could range anywhere from 2 percent to 8 percent of GDP per year by 2030.Beyond the Gap also identifies a policy mix that will enable countries to achieve key international goals-universal access to water, sanitation, and electricity; greater mobility; improved food security; better protection from floods; and eventual full decarbonization-while limiting spending on new infrastructure to 4.5 percent of GDP per year. Importantly, the exploration of thousands of scenarios shows that infrastructure investment paths compatible with full decarbonization in the second half of the century need not cost more than more-polluting alternatives. Investment needs remain at 2 percent to 8 percent of GDP even when only the decarbonized scenarios are examined. The actual amount depends on the quality and quantity of services targeted, the timing of investments, construction costs, and complementary policies.Finally, investing in infrastructure is not enough; maintaining it also matters. Improving services requires much more than capital expenditure. Ensuring a steady flow of resources for operations and maintenance is a necessary condition for success. Good maintenance also generates substantial savings by reducing the total life-cycle cost of transport and water and sanitation infrastructure by more than 50 percent
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  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464813863
    Language: English
    Pages: 1 Online-Ressource (270 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Global Economic Prospects
    Parallel Title: Erscheint auch als
    Abstract: The outlook for the global economy has darkened. Global financing conditions have tightened, industrial production hasmoderated, trade tensions have intensified, and some large emerging market and developing economies have experiencedsignificant financial market stress. Faced with these headwinds, the recovery in emerging market and developingeconomies has lost momentum. Downside risks have become more acute and include the possibility of disorderly financialmarket movements and an escalation of trade disputes. Debt vulnerabilities in emerging market and developing economies,particularly low-income countries, have increased. More frequent severe weather events would raise the possibility of largeswings in international food prices, which could deepen poverty. In this difficult environment, it is of paramount importancefor emerging market and developing economies to rebuild policy buffers while laying a stronger foundation for futuregrowth by boosting human capital, promoting trade integration, and addressing the challenges associated with informality
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  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464813764
    Language: English
    Pages: 1 Online-Ressource (486 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty
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  • 31
    Language: English
    Pages: 1 Online-Ressource (69 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: After mediocre growth in 2018 of 0.7 percent. LAC is expected to perform only marginally better in 2019(growth of 0.9 percent) followed by a much more solid growth of 2.1 percent in 2020. LAC will face bothinternal and external challenges during 2019. On the domestic front. the recession in Argentina; a slowerthan expected recovery in Brazil from the 2014-2015 recession, anemic growth in Mexico. and thecontinued deterioration of Venezuela. present the biggest challenges. On the external front. the sharpdrop in net capital inflows to the region since early 2018 and the monetary policy normalization in theUnited States stand among the greatest perils. Furthermore, the recent increase in poverty in Brazilbecause of the recession points to the large effects that the business cycle may have on poverty. The coreof this report argues that social indicators that are very sensitive to the business cycle may yield a highlymisleading picture of permanent social gains in the region
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (98 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region as well as country briefs covering Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It concludes with a data section providing key economic indicators for South Asia 'at a glance'. Overall, it aims at providing important background information and timely analysis of key indicators and economic and financial developments of relevance to World Bank Group operations and interaction with counterparts in the region, particularly during annual and spring meeting
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  • 33
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This evaluation examines how the World Bank has supported two types of professional development to improve teacher capacity-preservice and in-service training-and identifies how these drivers of education quality can be better designed, implemented, and scaled up
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  • 34
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: The international development community acknowledges that the SDGs will not be achieved without greater participation from the private sector. Estimates for investment needs in developing countries alone range from USD 3.3 trillion to USD 4.5 trillion per year. Up to 70 percent of the investment gap could come from the private sector, according to international estimates. Engaging the private sector as a financier, operator, service provider, or innovator in the pursuit of the SDGs requires efficiently functioning and competitive markets and effective governments. Such markets only emerge when there is a sufficiently conducive enabling environment that not only addresses market failures through policy reform but also improving underperforming markets through demonstration effects, enhancing competition, innovation, integration and enhancing skills through investments and advisory services. This evaluation was designed to shed light on several key aspects of the IFC's creating markets agenda and experience on the ground. Those key aspects include the following: (i) Identification of market creating opportunities; (ii) Channels through which IFC contributes to market creation; (iii) Results from IFC's market creating interventions; and (iv) Success factors driving the Bank Group's market creation results
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  • 35
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: The evaluation examines the development effectiveness of the World Bank Group's support for trade facilitation and identifies lessons for future engagement. The World Bank Group has played a leading role in trade facilitation reform over the past 12 years, having identified lowering trade costs as a crucial means to promote its development agenda. Among its contributions, the Bank Group has been a leading technical partner to the WTO during the Trade Facilitation Agreement (TFA) process throughout the evaluation period. Main findings of the report include: (i) Over the evaluation period, the World Bank Group has demonstrated leadership in facilitating trade through its broad scope of work: (893 interventions of all types) in addition to Advisory and Analytic work, generally targeting countries with the greatest bottlenecks, results, in its contribution to a substantial reduction of international trade costs, and its creation of global public goods through thought leadership, convening power, and its trade facilitation indicators - which contributed to a positive dynamic in reforms. (ii) Most World Bank Group projects supporting trade facilitation reforms achieved their development objective, and all three institutions exceeded their corporate scorecard targets. The World Bank's investment lending appears to be substantially more effective than its policy operations. At the trade facilitation intervention level, the overall success rate averaged 79 percent
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  • 36
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This evaluation examines the World Bank Group's evolving experience in building resilience in urban areas during the period 2007-17. The focus of this evaluation is the World Bank Group's support to clients in building urban resilience-to cope, recover, adapt and transform-in the face of shocks and chronic stresses
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  • 37
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This report provides a retrospective assessment of the Bank Group's results and performance acrossits project and program portfolio. This is relevant for understanding the stock of achievements to date and the foundations on which the Bank Group is delivering on the Forward Look and its ambitious capital package. The report synthesizes trends in Independent Evaluation Group (IEG) ratings and identifies explanatory factors behind portfolio performance. Each of the three Bank Group institutions assesses results differently because of their differing reporting periods, operating models, and clients. The supplementary file contains four appendixes and the remaining, more specialized topic appendixes of the Results and Performance of the World Bank Group (RAP) report. This report is IEG's annual review of the development effectiveness of the World Bank Group (WBG). The report synthesizes trends in ratings, and identifies explanatory factors behind portfolio performance. This report provides a retrospective assessment of the World Bank Group's results and performance across its project and program portfolio. This is relevant for understanding the stock of achievements to date and the foundations on which the Bank Group is delivering on the Forward Look and its ambitious capital package. The four key appendixes for Results and Performance of the World Bank Group 2018 are included with the main file
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  • 38
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: In 2016, the World Bank Group stepped up its engagement in situations of conflict-induced forced displacement at the global and country levels and adopted a new approach to its engagement that recognizes displacement as a development challenge that must be addressed to attain the World Bank Group's twin goals. Since fiscal year 2016, the Bank Group's analytical, financial, and operational support has become more aligned with its stated development approach building on lessons from past engagements. This is an important shift
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  • 39
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Abstract: Argentina is characterized by low levels of private credit and persistent labor market rigidities. Furthermore, financial development remained stagnant in Argentina even during episodes of fast economic growth, in stark contrast with the experience of sustained growth accelerations around the world. The goals of the paper are twofold. Firstly, it is concerned with quantifying the productivity losses associated with such low levels of private credit penetration and characterizing its implications for different subsets of firms in the economy. The latter is important in light of various policy interventions aimed at mitigating the impact of low access to credit based on firm-size thresholds. Secondly, it studies the dynamics of hypothetical reforms to credit markets in a context of rigid labor markets, which seems to be the adequate scenario in which structural reforms will have to be implemented, given the stickiness that labor market regulations have shown to reform efforts in the past. It finds sizable productivity losses from financial frictions, in the order of thirteen percent. At the micro level it finds that it is the youngest firms, whose average marginal return to capital is far above the riskfree rate in the economy, that are more prone to become financially constrained. Turning to reform scenarios, we investigate sudden reforms that are implemented abruptly and more plausible reform paths that gradually dismantle financial frictions. In the former, productivity and the investment rate rise sharply on impact, while it also does the rate of unemployment, going from five to almost twelve percent. In the latter, the rise of unemployment is more gradual and less sharp, peaking at seven percent. On the flipside, the investment rate declines on impact, although the contraction is short-lived
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  • 40
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agricultural Study
    Abstract: Agriculture and the rural space will continue to demand the attention of policy makers in Bolivia for several reasons, even as urbanization gains momentum. First, agriculture is a proven engine of economic growth. Aside from showing its strength in decades past, in recent years agriculture shielded the Bolivian economy from the worst effects of the decline in other primary sectors, and in the future, healthy rates of agricultural growth will make the overall economy more diversified and more resilient. Second, a robust and dynamic agricultural sector will continue to curb dependence on the mining and gas sectors, while contributing significantly to inclusive growth, value addition, the creation of more and better jobs on and off of the farm, and better nutrition for all. Third, because agricultural growth in Bolivia has proven to be pro-poor, maintaining that growth is essential for continued reductions in poverty. Fourth, because climate and other shocks affecting agriculture can significantly disrupt steady gains in economic growth, poverty reduction, and food security, building a resilient agricultural sector is critical to sustain those gains. Finally, although policy makers will want to support agricultural growth, they will not want that growth to compromise the future for generations of Bolivians by squandering and degrading irreplaceable natural resources
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  • 41
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Abstract: Air pollution is known to be a risk factor for personal health and an important determinant of various diseases. Numerous studies exist that examine the effects of an increase in air pollution on the risk of disease and mortality from cardiovascular and cardiopulmonary causes. One possible way to quantify air pollution is to measure the concentration of particles with a specific diameter between 2.5 and 10 micrometers are referred to as (PM10).The authors assess the effects of air pollutants (PM10) on hospital admissions for respiratory diseases in Egypt in 2016. They use a retrospective design and employ a generalized additive model (GAM) to conduct our analysis. Daily hospital admission data for Chronic Obstructive Pulmonary Disease (COPD) and chronic bronchitis were collected from specialized chest hospitals and matched to air pollution data. The results suggest that the concentration of PM10 in the air is an important predictor of respiratory disease. The authors find that a 10 ug
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  • 42
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Poverty Assessment
    Abstract: Uganda's progress in reducing poverty during the late 1990s and early 2000s was remarkable. This note documents the trends in poverty and inequality in Uganda with a focus on the period 2012 to 2016. It first explores how various indicators of monetary poverty have evolved over time and if these trends vary by urban and rural areas and by region. This is complemented with a description of the movements in several non-monetary poverty indicators. Secondly, the note analyzes who has benefitted from the lackluster economic growth, and how this has translated into different measures of inequality. It then aims to disentangle some of the forces behind the changes in poverty, mostly resorting to decomposition exercises. Finally, it provides an account of who are the poor households and what are their living conditions, particularly compared to non-poor households
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  • 43
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Financial Accountability Assessment
    Abstract: The Public Expenditure and Financial Accountability (PEFA) 2019 is an assessment of the quality of the Ukrainian PFM system at the subnational level of and monitors the results achieved through PFM reforms undertaken since the 2015 central government PEFA assessment. More specifically, the PEFA assessment measures which processes and institutions contribute to the achievement of desirable budget outcomes, aggregate fiscal discipline, strategic allocation of resources, and efficient service delivery. The main purpose of the 2019 PEFA assessment is to provide the government of Ukraine with an objective and up-to-date diagnostic of the public financial management performance at the oblast level of subnational government based on the latest internationally recognized PEFA methodology. This assessment covers the Khmelnytskyi oblast administration which consists of seventeen budgetary institution
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  • 44
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Climate Change ; Climate Change Impacts ; Environment ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Insurance ; Insurance and Risk Mitigation ; Natural Disasters
    Abstract: The Philippines' financial sector is highly vulnerable to climate risks. The country has high exposure to natural hazards (typhoons, landslides, floods, droughts, volcanic eruptions), strong dependence on a climate-sensitive agricultural sector, and vast coastlines where all major cities and the majority of the population reside. Significant systemic vulnerabilities can materialize if large natural disasters affect the capital region. In addition to physical risks, Philippine banks can also be exposed to transition impacts, that is, risks that emerge during the transition towards a more sustainable and carbon-neutral economy. Philippine supervisory authorities should build capacity to better understand and manage climate risks and foster transparency. At the same time, there is opportunity for deepening financial markets for green growth, by addressing several market and institutional barriers. With limits in public spending, there is great need, but also a significant opportunity for the private sector to contribute to green inclusive growth, including finance for climate resilience and mitigation efforts
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  • 45
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Finance and Financial Sector Development ; Financial Regulation and Supervision ; Insurance and Risk Mitigation ; Insurance Regulation ; Risk Management
    Abstract: The insurance industry in Philippines is small but growing. Insurance penetration remains below that observed in many countries in the region and very low compared to countries with similar per capita incomes in other parts of the world. During the last five years, the Insurance Commission (IC) has made a significant effort to improve insurance regulation and supervision. The IC has considerable autonomy in practice but lacks operational supervisory independence. Improving the independence of the IC should be accompanied by measures to increase its formal accountability to the government. The assessment has identified areas for further development of IC's supervisory approach, like risk profiling, and stronger cooperation and coordination among supervisors. A key recommendation is that IC formulate a strategy with an implementation plan to advance its risk based and market conduct supervision. While consumer protection has improved in many respects, ongoing oversight of insurance intermediaries should be improved. IC should review its resources and organization to meet the demands of a more risk-based approach. IC's inspection methods, data collection, and reporting infrastructure (IT systems), analytical tools, and on-site inspection manuals require a major overhaul. The IC should carry out a comprehensive review of the current regulations and supervision processes and data reporting requirements with the view to reduce the regulatory burden on the industry. In conjunction with strengthening governance, transparency, and internal control requirements, own risk and solvency assessment (ORSA), and enterprise risk management (ERM) requirements should be developed and implemented on an individual entity and group basis. Enabling new product development and liberalizing tariffs should be considered as part of an IC growth strategy for the insurance sector
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  • 46
    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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  • 47
    Language: Spanish
    Pages: 1 Online-Ressource (69 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Luego de un pobre crecimiento de 0,7% en el afio 2018. la region de America Latina y el Caribe crecera auna tasa levemente mayor en el 2019 (0.9%) ya una tasa mucho mas solida en el 2020 (2.1%). La regiondebera hacer frente a desafios tanto internos como externos durante el 2019. En el frente interno. larecesion en Argentina. una recuperacion mas lenta de lo esperado en Brasil, la desaceleracion en Mexico. yla crisis en Venezuela son las principales preocupaciones. En el frente externo, la fuerte cafda en lasentradas netas de capital a la region desde principios del 2018 y la normalizacion de la polftica monetariaen los Estados Unidos representan las mayores amenazas. Ademas, el reciente aumento de la pobreza enBrasil como resultado de la recesion sugiere gue el ciclo economico puede tener importantes repercusionessobre la pobreza. Los capftulos centrales de este informe muestran gue el uso de indicadores sociales gueresponden mucho al ciclo economico pueden llevar a conclusiones erroneas en cuanto a las gananciassociales permanentes en la region
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  • 48
    Language: English
    Pages: 1 Online-Ressource (143 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Economic growth in Sub-Saharan Africa is estimated to have decelerated from 2.5 percent in 2017 to 2.3percent in 2018, below the rate of growth of population for a fourth consecutive year. Regional growth in2018 is below the pace projected in 2018 October issue of Africa's Pulse {0.4 percentage points lower). Thisslowdown was more pronounced in the first half of 2018 and it reflected weaker exports among the region'slarge oil exporters (Nigeria and Angola) due to dwindling oil production amid higher but volatile internationalprices for crude petroleum. A deeper contraction in Sudanese economic activity and a broad-based growthslowdown among non-resource-intensive countries also played a role.Sub-Saharan African countries with fragile context have made considerable efforts to find a way out offragility. Regional and sub-regional economic organizations are promoting economic cooperation andaddressing security and peace challenges that go beyond national borders.The special topic of this issue of Africa's Pulse argues that the digital economy can unlock new pathways forinclusive growth, innovation, job creation, service delivery and poverty reduction in Africa. The continent hasmade. great strides in mobile connectivity; however, it still lags the rest of the world in access to broadband.Only 27 percent of the population in the continent have access to internet, few citizens have digital IDs,businesses are slowly adopting digital technologies and only few governments are investing strategically indeveloping digital infrastructure, services, skills, and entrepreneurship
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  • 49
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: In a year marked by change throughout the institution, the Independent Evaluation Group's commitment to rigorous analysis, innovative methodological approaches, and the sharing of knowledge and lessons remains its foundation. Though topics ranged from forced displacement to creating markets, the evaluations presented similar stories about what is and is not working at the World Bank Group, providing guidance on improving outcomes. Common themes included building resilience, monitoring who benefits, and increasing private sector engagement. A highlight of FY19 was the release of the World Bank Group Evaluation Principles, co-led by the IEG Methods Adviser in collaboration with IFC, MIGA, and the World Bank. The principles act to solidify a Bank Group evaluation approach based on the evaluation framework established in FY18. The document delineates core principles for evaluation and underlying principles for planning, conducting, and using evaluations at the Bank Group. In FY20, IEG will position itself to provide even greater impact by focusing on the development effectiveness questions that most concern the institution and its clients in terms of what is needed to influence country development outcomes and where the Bank Group can do more, differently, or better. IEG has aligned its work program with Bank Group strategic priorities, keeping in mind the Sustainable Development Goals, commitments made in the IBRD and IFC Capital Packages, and the themes of the IDA's last two replenishments (IDA18 and 19)
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  • 50
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This evaluation seeks to inform the World Bank's efforts to support client countries to deliver sustainable irrigation and drainage services and achieve development impacts. The results of this evaluation can help the World Bank improve strategic approaches in an evolving context. Irrigation service delivery is increasingly challenged by multiple factors that are driving demand for agricultural production, water scarcity, and variability in water precipitation. These factors include population growth and urbanization leading to increasing demand for agricultural products, and greater competition for water resources from domestic and industrial users. Untreated urban wastewater released into water bodies affects irrigation water quality. Water availability is increasingly variable because of the effects of climate change
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  • 51
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: Fragility, conflict and violence (FCV) pose a major challenge for development and for reaching the Bank Group's twin goals. Enabling appropriate private sector activities can be a means to break free of the fragility trap by supporting economic growth, promoting local employment and income earning opportunities, generating government revenues, and delivering goods and services. However, the private sector faces substantial constraints in fragile and conflict-affected situations (FCS). This report takes stock of available evidence regarding the effectiveness of IFC's support in FCS. It aims to inform IFC's strategy in FCS as IFC seeks to scale up its activities in FCS as part of its commitments under the Capital Increase Package, and to provide inputs for the Bank Group's Fragility, Conflict and Violence (FCV) strategy currently being developed
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  • 52
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: The World Bank Group's positioning in relation to Rwanda's Vision 2020 goal of rapidly attaining Middle-Income Country (MIC) status reflected many of the elements that are critical to realizing the country's goal: (i) Under a first pillar of promoting economic transformation for sustained growth, it supported infrastructure (notably energy and transport); the business environment (including skills development); the financial sector (including rural finance); and in the latter years the urban sector. (ii) Under a second pillar of reducing social vulnerability and raising the productivity and incomes of the poor, it supported agriculture; health (initially); and social protection-including demobilization and reintegration of ex-combatants. (iii) A third accountable governance pillar aimed to strengthen central and decentralized public financial management (PFM). This evaluation assesses the development effectiveness of the World Bank Group's country program in Rwanda over the period FY09-17. The report aims to inform future partnership frameworks between the World Bank Group and the Rwandan Government. The report is also of interest to individuals and organizations working with countries striving to consolidate economic progress after a successful transition from conflict, or countries striving to reach middle-income country (MIC) status
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  • 53
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: This evaluation assesses the Bank Group's effectiveness and comparative advantage in fostering regional integration during FY2003-17 and draws lessons that can be used to inform future regional integration operations. Client countries of the World Bank Group have turned to regional integration as one of the pathways toward faster economic development and peace, and to help overcome development challenges. Main findings of the report include: (i) Overall, the Bank Group's efforts to foster regional integration have led to mostly positive development outcomes in the Sub-Saharan Africa Region and in infrastructure sectors. (ii) Though the IDA Regional Window program has also contributed to regional integration (mainly in the Africa Region), the development outcomes of its interventions are not significantly different from similar projects co-financed outside the program
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  • 54
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: The International Development Association (IDA) Regional Window Program was developed as a funding mechanism to provide additional financing resources to co-finance projects that help low-income countries achieve their regional integration objectives. The main objective of this synthesis report is to inform policy decisions on the International Development Association (IDA) Regional Window Program in the context of the IDA18 mid-term review and the IDA19 replenishment. The report contains information on (a) the achievements of the program, and (b) key findings and conclusions for the consideration of IDA Deputies. This synthesis is derived primarily from IEG's thematic evaluation, Two to Tango: An IEG Independent Evaluation of World Bank Group Support to Fostering Regional Integration and is complemented by findings from other existing thematic evaluations such as Grow with the flow: World Bank Group support to Trade Facilitation, project-level evaluations and validations, and project performance assessment reports
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  • 55
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Abstract: Maternity, paternity, and parental leave policies and associated benefits play a significant role in ensuring financial protection at the time of pregnancy, child birth and child raising, and in shaping women's ability to participate in employment, specifically to get a job and to remain in the labor market after starting a family. This note summarizes the main principles of extending maternity, paternity and parental leave and benefit policies globally and in Europe, highlights new policies and measures, and compares key characteristics such as leave duration and financing in the European countries (EU ad European Free Trade Association (EFTA) member states and Western Balkan countries). This could inform policy making and help assess existing policies and reforms, including in Kosovo
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  • 56
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Abstract: Just energy transition is key to South Africa's inclusive and sustainable growth. It is necessary to unlock large pools of private capital and attract foreign investment to drive low-carbon transition. Despite downside risks, South Africa has strong macroeconomic fundamentals and commitment to improving the overall investment climate. Climate change poses considerable systematic risks, thus needs to be urgently integrated into macroeconomic policy and planning. Harness transition opportunity invest in resilient infrastructure and create market for low-carbon technologies to boost growth and strengthen the macro investment climate. Implement carbon tax effectively and raise policy ambition, supported by a fiscal framework conducive for climate investments, as well as invest tax revenues to support just transition. The current energy crisis presents an opportunity for sector reform, regulatory changes, and use of innovative financial solutions to promote low-carbon private sector investments. The World Bank has developed this discussion paper in response to the government of South Africa's request to analyze ways in which private capital flows can be catalyzed and leveraged for low-carbon investments. The focus of this paper is on electricity generation sector and the industry sector
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  • 57
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Abstract: Paraguay is a middle-income, landlocked country with a population of about seven million. The nation is highly dependent on its transport and logistics infrastructure to connect to regional markets and international seaports. In road quality and connectivity, on the other hand, Paraguay trails its neighbors and other middle-income countries. According to the Global Competitiveness Indices, Paraguay is in the bottom third of indexed countries for road connectivity and quality. The government has attempted to address perceptions on quality and connectivity through higher budget allocations for the road sector. The higher road sector budget has been directed to expansion and preservation of the paved roads since 2012 and has, on the whole, allocated sufficient funds for their maintenance as estimated by this Public Expenditure Review (PER). Despite this there has been a slight decline in the overall quality of the network due to over and under funding of roads geographically and by functional classification. This PER is structured as follows: Chapter 2 provides some background on the Paraguayan economy, the country's road network (primary, secondary, and tertiary) features and analysis, and an overview of the government institutions responsible for the network; Chapter 3 describes how Paraguay budgets and manages its road sector, what the funding sources are, and how efficiently the expenditures are being spent; Chapter 4 assesses Paraguay's goals for its road sector, the effectiveness of its budget execution and sustainability of its funding, and its sector monitoring practices; and Chapter 5 concludes with the main findings and recommendations
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  • 58
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Abstract: In March 2018, the World Bank finalized an agreement with Central Agency for Public Mobilization and Statistics (CAPMAS) to conduct a demand survey for housing across Egypt. The survey consisted of a sample of 10,300 households across eight governorates. The inclusive housing finance program supports several aspects of the government's social housing program, including financial aid to low-income households to help them access housing. This aid comes in the form of a subsidy that either complements the down payment and the repayments in the first years of a mortgage loan or contributes to the payment of the rent in the public or the private sector. The Government of Egypt asked the World Bank to advise on conducting a housing demand assessment to understand the differential demand for rental and ownership housing by different income and employment groups and for different types of houses, locations, and regions. The main objective of the study is to provide detailed information on the demand for affordable ownership housing with a mortgage loan, a down payment, and a subsidy and for formal rental accommodation
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  • 59
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Financial Accountability Assessment
    Abstract: This Public Expenditure and Financial Accountability (PEFA) 2019 report is an assessment of the quality of the Ukrainian PFM system at the subnational level. More specifically, the PEFA assessment measures which processes and institutions contribute to the achievement of desirable budget outcomes, aggregate fiscal discipline, strategic allocation of resources, and efficient service delivery. A central government PEFA assessment and a subnational assessment at the oblast level were conducted in 2019. The main purpose of the 2019 PEFA assessment is to provide the government of Ukraine with an objective, up-to-date diagnostic of public financial management performance at the rayon level of subnational government based on the latest internationally recognized PEFA methodology. This assessment covers the Iziaslavskyi rayon administration which is composed of sixteen budgetary institutions
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  • 60
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Systems Approach for Better Education Results (SABER)
    Abstract: In 2018, the World Bank released World Development Report which showed that the world is facing a 'Learning Crisis'. Following up from that report, the Bank has launched the Human Capital Project to mobilize more resources, including for the improvement of learning outcomes. Subsequently, global leaders have been increasingly focused on solving this learning crisis and have renewed attention for Sustainable Development Goal 4: Quality Education. Pakistan is an early adopter of this Human Capital Project, and the new government is taking the lead to address the root causes of the learning crisis. This report aims to help the government with that agenda, by quantifying the extent of the learning crisis, and to highlight the main causes of the crisis. According the World Development Report, the 'Learning Crisis' consists of three main elements. The first is that access to schooling is still unequally distributed. While there have been huge efforts to expand schooling, there are still countries (including Pakistan) with millions of children out of school. Children living in regions with violence, children from poorer families and children with physical or mental disabilities are still often excluded. The second element is that even those who are in school are often not learning anything at all. In Malawi and Zambia, for instance, 89 percent of students could not read a single word by the end of Grade 2. In India, that figure is 85 percent. These numbers are important, as children who do not master basic literacy will probably never catch up with the curriculum. In other words, schooling is not necessarily the same as learning. The third element of the learning crisis is that the proximate causes of the learning crisis, low quality teaching, student school readiness, school leadership and school inputs, are not systematically addressed by actors in the system. One of the reasons behind this is that there is no systematic data collection on these factors
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  • 61
    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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  • 62
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Inequality ; Living Standards ; Poverty Assessment ; Poverty Lines ; Poverty Reduction
    Abstract: This report aims to map poverty and inequality in Sudan and would be representative of the 18 states and 131 localities of Sudan. The poverty mapping technique is based on a small area estimation (SAE) technique developed by the World Bank to derive estimates of geographic poverty and inequality. It combines data from the 2014-15 National Household Budget and Poverty Survey (NHBPS) and the 2008 Population and Housing Census data to build spatially disaggregated poverty maps. Although household surveys usually include measures of income and wealth, they are not representative beyond the state level. Yet, allowing lower levels of disaggregation is important for policy interventions, particularly for countries like Sudan that have state governments, which manage the activities of the state while reporting to the federal government. This study uses a model of household expenditure from a survey data set to estimate household welfare at the lower levels and apply it to the census data set which does not provide information on household income or expenditure. These maps illustrate the information gains provided by SAE, show there is a substantial spatial heterogeneity within the localities, and highlight the small areas most likely to exhibit the highest risk of poverty
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  • 63
    Language: English
    Pages: 1 Online-Ressource (0 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Africa's Pulse is a biannual publication containing an analysis of the near-term macroeconomic outlook forthe region. Each issue also includes a section focusing upon a topic that represents a particular developmentchallenge for the continent. It is produced by the Office of the Chief Economist for the Africa Region of theWorld Bank.Recent data point to a weakening of economic growth in Sub-Saharan Africa in 2018, according to the newAfrica's Pulse, a bi-annual analysis of the state of African economies conducted by the World Bank. Thegrowth slowdown can be attributed to the lower than expected performance of the large countries in theregion (South Africa and Nigeria). The downswing reflects poorer performance in agriculture followingdroughts and lower performance of commodity sectors
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  • 64
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (0 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region as well as country briefs covering Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It concludes with a data section providing key economic indicators for South Asia "at a glance". Overall, it aims at providing important background information and timely analysis of key indicators and economic and financial developments of relevance to World Bank Group operations and interaction with counterparts in the region, particularly during annual and spring meeting
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  • 65
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (0 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Despite some financial turbulence, growth in developing East Asia and Pacific (EAP) was resilientduring the first half of 2018. The growth outlook for the region remains positive. After peaking in2017, growth in developing EAP is expected to slow modestly in 2018, as China's economicexpansion continues to moderate. However, downside risks have significantly intensified. Anescalation in trade tensions and heightened financial market turbulence, either due to an accelerationin U.S. monetary policy normalization or contagion from other emerging markets could threaten theregion's growth prospects. To navigate uncertainty, developing EAP economies should reduceshort-term vulnerabilities and enhance buffers, redouble their commitment to an open, rules-basedinternational trade and investment framework, including through deeper regional economicintegration, and deepen structural reforms. The intensification of risks underscores the need tocontinue to enhance economic security by investing in human capital and strengthen socialassistance and insurance programs to increase households' resilience to systemic shocks
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  • 66
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464813719
    Language: English
    Pages: 1 Online-Ressource (194 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: World Bank East Asia and Pacific Regional Report
    Parallel Title: Erscheint auch als
    Abstract: East Asia has been a para ...
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  • 67
    ISBN: 9781464813771
    Language: English
    Pages: 1 Online-Ressource (164 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Africa Development Forum
    Parallel Title: Erscheint auch als
    Abstract: Access to reliable electricity is a prerequisite for the economic transformation of African economies, especially in a digital age. Yet the electricity access rate in Sub-Saharan African countries is often substantially low, households and businesses with access often face unreliable service, and the cost of the service is often among the highest in the world. This situation imposes substantial constraints on economic activities, provision of public services, adoption of new technologies, and quality of life.Much of the focus on how best to provide reliable, affordable, and sustainable electricity service to all has been on mitigating supply-side constraints. However, demand-side constraints may be as important, if not more important. On the supply side, inadequate investments in maintenance result in high technical losses; most state-owned utilities operate at a loss; and power trade, which could significantly lower the cost of electricity, is underdeveloped. On the demand side, the uptake and willingness to pay are often low in many communities, and the consumption levels of those who are connected are limited. Increased uptake and use will encourage investment to improve service reliability and close the access gap. This report shows that the fundamental problem is poverty and lack of economic opportunities rather than power. The solution lies in understanding that the overarching reasons for the unrealized potential involve tightly intertwined technical, financial, political, and geographic factors. The ultimate goal is to enable households and business to gain access, to afford to use, and utilities to recover their cost and make profits. The report makes the case that policy makers need to adopt a more comprehensive and long-term approach to electrification in the region-one centered on the productive use of electricity at affordable rates. Such an approach includes increased public and private investment in infrastructure, expanded access to credit for new businesses, improved access to markets, and additional skills development to translate the potential of expanded and reliable electricity access into substantial economic impact. Enhancing the economic capabilities of communities is the best way to achieve faster and more sustainable development progress while addressing the broad challenges of affordability, low consumption, and financial viability of utilities, as well as ensuring equitable provision between urban and rural areas
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  • 68
    Language: English
    Pages: 1 Online-Ressource (56 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Focus
    Parallel Title: Erscheint auch als
    Abstract: For African cities to grow economically as they have grown in size, they must create productive environments to attract investments, increase economic efficiency, and create livable environments that prevent urban costs from rising with increased population densification. What are the central obstacles that prevent African cities and towns from becoming sustainable engines of economic growth and prosperity? Among the most critical factors that limit the growth and livability of urban areas are land markets, investments in public infrastructure and assets, and the institutions to enable both. To unleash the potential of African cities and towns for delivering services and employment in a livable and environmentally friendly environment, a sequenced approach is needed to reform institutions and policies and to target infrastructure investments. This book lays out three foundations that need fixing to guide cities and towns throughout Sub-Saharan Africa on their way to productivity and livability
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  • 69
    Language: French
    Pages: 1 Online-Ressource (150 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Selon les estimations, la croissance economique en Afrique subsaharienne a connu une deceleration, passant de 2,5% en 2017 a 2,3% en 2018. Elle est donc inferieure a la croissance de la population pour la quatrieme annee consecutive. La croissance regionale en 2018 est inferieure de 0,4 point de pourcentage au rythme projete dans l'edition d'Africa Pulse d'octobre 2018. Ce ralentissement a ete plus prononce au cours de la premiere moitie de 2018, refletant une faiblesse des exportations parmi les grands exportateurs de petrole de la region (Nigeria et Angola) a la suite d'une diminution de la production petroliere accompagnant des cours internationaux du petrole brut plus eleves mais volatils. A cela s'ajoute une contraction plus forte de l'activite economique au Soudan et un ralentissement generalise de la croissance parmi les pays exigeant peu de ressources.Les pays d'Afrique subsaharienne fragiles ont fait des efforts considerables pour echapper a la fragilite. Les organisations economiques regionales et sous-regionales encouragent la cooperation economique et s'attaquent aux problemes de la securite et du retour de la paix, qui vont au-dela des frontieres nationales.La these du theme special de cette edition d'Africa Pulse est que l'economie numerique ouvre de nouvelles voies vers une croissance inclusive, l'innovation, la creation d'emplois, la prestation de services et la reduction de la pauvrete en Afrique. Si le continent a fait de serieux progres en matiere de connectivite mobile, il est encore a la traine du reste du monde en matiere d'acces a la large bande. A peine 27% de sa population ont acces a l'Internet, peu de ses citoyens ont un identifiant numerique, ses entreprises adoptent lentement les technologies numeriques et peu de ses gouvernements investissent de facon strategique dans le developpement d'infrastructures, de services, de competences et d'entrepreneuriat du numerique
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  • 70
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (0 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Europe and Central Asia Economic Update
    Parallel Title: Erscheint auch als
    Abstract: With slowing global growth and increasing uncertainty clouding the global economic prospects,the Europe and Central Asia region faces a more challenging context than previously envisioned.Growth in the emerging markets and developing economies in the region slowed in 2018 and isprojected to decline to further in 2019, before picking up in 2020-21. What challenges does theregion face in the coming year? In the long run, how should policy makers design policies thatboost growth and help individuals and firms adjust to the interplay between globalization andtechnological change? Within the global context, this update summarizes the recent developmentsand outlook for the region. The focus of this issue is on financial inclusion in the region, as one ofthe important policy areas that can promote long-term growth, reduce poverty, and enhanceresilience to shocks
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  • 71
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: World Bank emphasizes the importance of social contracts to eliminate poverty and boost shared prosperity. In the 2014 World Bank Group Goals, the World Bank calls for social contracts that prioritize the poor while creating the conditions for equitable growth. This learning-oriented evaluation generates lessons from the World Bank's experience using social contract diagnostics to help countries reshape their social contracts. It does this by:(i) evaluating the quality and value added of social contract diagnostics; (ii) assessing how social contract diagnostics are translated into operations; (iii) identifying the risks and challenges of integrating social contract diagnostics into operations; and (iv) drawing lessons on how to overcome these challenges. At the country level, this evaluation identified 21 Systematic Country Diagnostics (SCDs) that use a social contract framing to diagnose and explain complex development challenges such as entrenched inequalities, poor service delivery, weak institutions, and why decades of policy and institutional reforms promoted by external development actors could not fundamentally alter countries' development paths
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  • 72
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: World Bank Group strategy continues to position SMEs as key vehicles to promote employment, value chain development, economic and social inclusion, and resilience in the face of fragility and conflict. This note synthesizes findings regarding SMEs and SME support from recent IEG evaluations, independent evaluations by other MDBs, and relevant World Bank Group research
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  • 73
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: The 18th replenishment of the International Development Association (IDA18), one of the world's major providers of financial resources to the poorest countries, was the largest in the institution's 56-year history. Together with significant changes in its policy and financing framework, IDA's enhanced commitment authority was expected to enable faster progress toward the international community's far-reaching and ambitious 2030 agenda,1 which aligns closely with the World Bank Group's twin goals of eradicating extreme poverty and boosting shared prosperity in a sustainable manner. The objective of this synthesis report is to draw on findings and lessons from recent IEG evaluations (that is, those completed since FY16) and databases that are pertinent to IDA18 special themes and IDA support more generally to inform forthcoming IDA19 discussions. The synthesis report focuses on learning from IDA experience over the last 10 years in relation to areas covered by the IDA18 special themes, drawing on relevant IEG evaluations completed since FY16
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  • 74
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Infrastructure Study
    Abstract: Tunisia's has made significant investments in infrastructure, which has contributed to economic growth. The investments have enabled reasonably good access to basic infrastructure services. While access rates are high, the relative quality of Tunisia's infrastructure has deteriorated significantly over the last ten years. State-owned enterprises (SOEs), which dominate the infrastructure sector, receive considerable subsidies and incur notable financial losses. Overall, there is a heavy reliance on external borrowing to fund infrastructure investment, which creates contingent liabilities, and enhances foreign exchange and macro-economic risk. Chapter one provides an overview of Tunisia's infrastructure performance; chapter two discusses each sub-sector in more detail in terms of achievements and challenges; chapter three looks at historical trends in spending followed by a scenario analysis of investment needs with anecdotal examples, and discusses the present macro-economic and fiscal constraints; and chapter four presents possible action items for further discussion with the Tunisian government
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  • 75
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: From the 15th replenishment of the International Development Association (IDA15)through IDA18, the Crisis Response Window (CRW) evolved from a focus on economicshocks to include two other types of crises-natural disasters and public healthemergencies. The CRW was set up as a pilot under IDA15 to address repercussionsrelated to the global financial crisis on IDA countries. When established as a permanent part of IDA, it was amended to address the impact of natural disasters in addition to economic shocks. CRW coverage was expanded to include public health emergencies when the Ebola crisis erupted in 2014. This IEG synthesis paper takes stock of experience with IDA's CRW, making use of IEG evaluative evidence. The paper synthesizes findings from existing evaluations and information on CRW performance during its pilot stage under IDA15 and subsequent IDA cycles, to inform stakeholders and promote learning. The audience for this paper is primarily internal, including management, Executive Directors (including the Committee on Development Effectiveness), and IDA deputies
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  • 76
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Abstract: This analytical work assesses the current capabilities of, as well as the gaps and challenges faced by, the Georgian Hydrometeorological Department (GHMD) in producing and delivering weather, climate, and hydrological (hydrometeorological) products and services based on users' needs. It provides the government authorities and decision makers in Georgia with a technical strategic framework for improvements in hydromet and early warning systems and services (EWS), to provide socioeconomic benefits to the Georgian population; safeguard their lives, livelihoods, and property; and protect economic investments. The road map consists of 11 chapters. Chapters 1-3 highlight the climate and hydrological hazards affecting Georgia, their consequent risks, and the socioeconomic impacts on the Georgian people. Chapter 4 provides an assessment of users' needs for hydromet information. Chapter 5 gives an overview of the institutional and organizational structure of GHMD, while chapter 6 provides an in-depth analysis of GHMD's current status. Chapter 7 discusses modernization of hydromet and EWS. Chapters 8 and 9 present the road map in detail, along with three proposed successive development scenarios designed to transform GHMD into a technically modern and sound hydrometeorological service by narrowing the gap between GHMD's current status and the level of services needed for fully discharging its public service mandate. Chapter 10 presents a detailed socioeconomic benefits analysis. Finally, chapter 11 lays out the conclusions and a way forward, and several annexes provide additional details
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  • 77
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Sector Management Assistance Program Papers
    Abstract: The objective of the report is to inform the preparation of a Government Program for establishing the status of customers in need, the scope of their rights, and protection measures to help them meet demands for electricity in case of electricity tariff increases. The report analyzes patterns of electricity consumption, affordability, poverty and distributional impacts of hypothetical scenarios of tariff increases. It also reviews the current protection mechanism with an electricity subsidy, models the impact of short- and medium-term reform options, and recommends concrete mitigation measures. In accordance with Law No. 05/L-085 on Electricity of 2016, the Government of Kosovo should develop a detailed Program for establishing the status of customers in need, the scope of their rights, and protection measures to help them meet demands for electricity. Electricity accounts for almost 90 percent of the total energy expenditures of households in Kosovo, and over 97 percent of the energy expenditures of poor households.1 According to the Law on Electricity2, the Ministry of Labor and Social Welfare (MLSW) in cooperation with the Ministry of Energy, Ministry of Finance and in consultation with the Energy Regulatory Office (ERO) and other stakeholders of the electricity sector should develop a social protection program (Program), providing social benefits to ensure the necessary electricity supply to customers in need, or providing for support for energy efficiency improvements, to address energy poverty. Such measures shall not impede the effective opening of the electricity market and its functioning. Customers in need are household consumers, who, due to social status, enjoy some special rights regarding the supply with electricity, to be provided in exceptional cases. Commitment to the development of this Program is taken also with Kosovo's Energy Strategy, and with the requirements of the Treaty of Energy Community as defined by the Third Energy Package3. The Program should propose an approach to identifying the electricity poor who are vulnerable and outline short- and medium-term measures for their protection
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  • 78
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Women in Development and Gender Study
    Abstract: This note presents the results of a survey undertaken in Fiji from May to June 2019 with the intention to identify the specific challenges men and women cross-border traders are facing related to trade facilitation at the firm level. Generally, efforts to improve trade conditions, especially relating to women cross-border traders, have been progressing over the years. Yet, there is limited work focusing on trade facilitation initiatives and trade competitiveness interventions aimed at women firms who face trading barriers that are not strictly linked to tariffs or policies. There is a global data gap on the nature of barriers that women traders face related to trade facilitation at the firm level. In fact, the problem is even deeper rooted; there is a global vacuum of knowledge about the exact proportion of cross-border traders that are women. No country, not even the gender equality champions in Northern Europe, can easily confirm the number of women that undertake cross-border trade in their respective countries. A survey designed to collect data on these challenges is being rolled out in the Pacific. Countries in the Pacific Islands region face unique development challenges: they are physically detached from major markets, have small populations spread across many islands and time zones, confront the worst impacts of climate change, and are some of the most vulnerable countries to natural disasters in the world
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  • 79
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Abstract: Adequate investment in human capital development is critical for enabling Bangladesh to reach its goal of becoming an upper middle-income country. Bangladesh, currently a lower-middle country with an annual per capita gross national income (GNI) of USD 1,470 (WDI 2019), aims to attain upper-middle income status by 2021 and eliminate poverty by 2030. Recognizing the importance of investing in education for building its human capital base, the government of Bangladesh (GoB) has been allocating a large portion of the national budget to the education sector each year during the past two decades. Effective utilization and equitable distribution of allocated public spending is important for ensuring adequate progress in education outcomes. This report analyzes major spending and outcomes trends in the overall education sector in recent years, with a focus on primary and secondary education. Responding to the recommendation of the 2015 Bangladesh Public Expenditure Review Update for more analytical work on public spending in different sectors, including education, the current study analyzes the trends in major education expenditures, access to education, quality of education, and disparities in education outcomes in the past two decades. It also looks at the composition of education expenditure, consistency between budget allocations and actual expenditures, equity in education spending, and potential links between spending and key educational outcomes. Because of data limitations, this report focuses mainly on primary and secondary education. It is expected that this analysis will add to the literature on investments in the Bangladesh education sector and inform discussions on identifying policy priorities and making resource allocation decisions in the sector
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  • 80
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Abstract: This study is motivated by the lack of demand-side jobs study in Indonesia. Workers do not create jobs; they only fill job openings. However, most of the jobs studies in Indonesia are focused on the supply side of jobs (workers), including skills development, workers protection and unemployment insurance, as well as international migration. To gain insights into the job-creation side of the puzzle, this study proposes to explore the demand side of jobs (employers or firms). Specifically, it aims to contribute to the Indonesia Jobs Strategy by providing new (and perhaps the only) evidence on the demand side of jobs in Indonesia. This report is not exhaustive of all demand side of jobs. It is part of the bigger report on demand-side jobs, which will include the macroeconomic analysis (growth and productivity decomposition, projected sectoral employment growth, et cetera), HH enterprises (including those in the agriculture sector), and the emerging economic sectors such as the digital economy
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  • 81
    ISBN: 9781464813528
    Language: English
    Pages: 1 Online-Ressource (494 pages)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Two decades after its original publication, The Analysis of Household Surveys is reissued with a new preface by its author, Sir Angus Deaton, recipient of the 2015 Nobel Prize in Economic Sciences. This classic work remains relevant to anyone with a serious interest in using household survey data to shed light on policy issues.The book reviews the analysis of household survey data, including the construction of household surveys, the econometric tools useful for such analysis, and a range of problems in development policy for which this survey analysis can be applied.Chapter 1 describes the features of survey design that need to be understood in order to undertake appropriate analysis. Chapter 2 discusses the general econometric and statistical issues that arise when using survey data for estimation and inference. Chapter 3 covers the use of survey data to measure welfare, poverty, and distribution. Chapter 4 focuses on the use of household budget data to explore patterns of household demand. Chapter 5 discusses price reform, its effects on equity and efficiency, and how to measure them. Chapter 6 addresses the role of household consumption and saving in economic development. The book includes an appendix providing code and programs using STATA, which can serve as a template for users' own analysis
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464812491
    Language: English
    Pages: 1 Online-Ressource (206 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: South Asia Development Forum
    Parallel Title: Erscheint auch als
    Abstract: South Asia has grown rapidly with significant reductions in poverty, but it has not been able to match the fast-growing working age population, leading to lingering concerns about jobless growth and poor job quality.Could export growth in South Asia result in better labor market outcomes? The answer is yes, according to our study, which rigorously estimates-using a new methodology-the potential impact from higher South Asian exports per worker on wages and employment over a 10-year period.Our study shows the positive side of trade. It finds that increasing exports per worker would result in higher wages-mainly for better-off groups, like more educated workers, males, and more-experienced workers-although less-skilled workers would see the largest reduction in informality.How can the benefits be spread more widely? Our study suggests that scaling up exports in labor-intensive industries could significantly lower informality for groups like rural and less-educated workers in the region. Also, increasing skills, and participation of women and young workers in the labor force could make an even bigger dent in informal employment. The region could achieve these gains by: (i) boosting and connecting exports to people (e.g., removing trade barriers and investment in infrastructure); (ii) eliminating distortions in production (e.g., by more efficient allocation of inputs); and (iii) protecting workers (e.g., by investing in education and skills)
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  • 83
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (272 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: International Development in Practice
    Parallel Title: Erscheint auch als
    Abstract: In a modern world with rapidly growing international trade, countries compete less based on the availability of natural resources, geographical advantages, and lower labor costs and more on factors related to firms' ability to enter and compete in new markets. One such factor is the ability to demonstrate the quality and safety of goods and services expected by consumers and confirm compliance with international standards. To assure such compliance, a sound quality infrastructure (QI) ecosystem is essential. Jointly developed by the World Bank Group and the National Metrology Institute of Germany, this guide is designed to help development partners and governments analyze a country's quality infrastructure ecosystems and provide recommendations to design and implement reforms and enhance the capacity of their QI institutions
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  • 84
    Language: English
    Pages: 1 Online-Ressource (55 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Middle East and North Africa Economic Update
    Parallel Title: Erscheint auch als
    Abstract: World Bank economists expect GDP growth in the Middle East and North Africa (MENA) to continueat a modest pace of 1.5 percent in 2019, slightly down from 1.6 percent in 2018. The declme reflectsa contraction in one large economy, which more than offsets growth in other countries. In the mediumterm, the World Bank expects real GDP in the MENA to grow at 3.4 percent and 2.7 percent in 2020and 2021, respectively. The expected upswing is partially driven by ongoing policy reforms, as wellas reconstruction efforts in some countries. However, MENA's modest recovery will be insufficientto change its historically low growth in per capita GDP. External factors are unlikely to pull the regionout of its low-growth equilibrium. In addition, many countries in the region have persistent currentaccount deficits. A recent deterioration in external balances across MENA constrained the region'sability to finance these deficits. Although the region has a low risk of experiencing sudden reversalsin capital inflows in the short run, structural reforms capable of raising aggregate labor productivityare urgently needed to gradually reduce external imbalances. The report concludes by providingexamples of reforms in fiscal policies, trade-related policies, social protection and labor markets, andstate-owned enterprises (SOEs) in network industries
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  • 85
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other Social Protection Study
    Abstract: This paper explores how men and women experience their time waiting for a response to applications for international protection, in asylum seekers' reception centers in Italy and Greece. The experience of waiting in camps can be characterized as one of extended uncertainty, during which women and men live lives in a new environment, with limited physical and social interactions with local communities. Qualitative data collected in early 2017 reveals that these prolonged waits generate various vulnerabilities, some compounding those already caused by trying journeys, which include gender-specific vulnerabilities. In addition, the paper provides an overview of the aspirations men and women asylum seekers hold as they look at the future. These aspirations are informed by pre-existing gender and social norms, but their development appears to be influenced also by the time in waiting. Specifically, aspirations seem constrained for all by the high levels of uncertainty and duration of the legal process, as well as by limited information, and barriers to interactions with local communities. Thus, men and women miss out on opportunities to qualify or broaden their aspirations, as they wait. Taking into account the different challenges and opportunities men and women asylum seekers face may be helpful in devising more targeted and thus effective policies with regards to asylum seekers during this period in waiting
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  • 86
    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: Public Expenditure Review
    Abstract: Guinea-Bissau is a small state in West Africa with a population of around 1.8 million. It is rich in natural resources (fisheries, forestry and agriculture) and biodiversity. Economic activity is, however, dominated by the production and sale of unprocessed cashew, which is also the main source of income for more than two thirds of households. Guinea-Bissau is host to a large variety of ethnic groups, languages and religions, with communal and ethnic-based violence remaining low. The country has a history of political and institutional fragility dating back to its independence from Portugal in 1973. Since independence, four successful coups have been recorded, with another 16 coups attempted, plotted, or alleged. Political fragility has been manifesting itself in frequent government turnover. Political instability has been responsible for large drops in output and government expenditure. After almost three years of political gridlock, a new consensus government came to power in April 2018. In sum, Guinea-Bissau has been caught in a vicious cycle of poor governance, fragmented elites, weak public sector capacity, and a poorly diversified economy. The objective of the Guinea-Bissau Public Expenditure Review (PER) is to analyze government expenditure, fiscal revenue, and public financial management in selected sectors (education, health, and security). The PER is a follow-up to the World Bank's (2017) Public Expenditure Analysis that provided an overall review of public finances in Guinea-Bissau (see Annex I). It contains a wide range of analyses, with some chapters examining public spending trends and outcomes, while others are more process oriented and place a strong emphasis on PFM systems, at macro- and micro-levels. The education and health chapters go beyond the confines of traditional World Bank PERs-namely the efficiency, effectiveness, and equity of spending. Both of these chapters also review the PFM systems in the respective line ministries with a view to identifying options for reform. Further, the PER analyzes the fiscal implications of continuing to spend over 15 percent of the budget on the security sector and nearly 9 percent of GDP on wage and nonwage compensation
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  • 87
    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: Economic Updates and Modeling
    Abstract: Economic performance in 2018 has been mixed. The data that are available suggest some areas of softening in the economy.1 Foreign direct investment declined to 2 percent of GDP in 2017, down from about 5 percent in 2014. The current account deficit has increased to 3.8 percent of GDP in the year ending September 2018, from 2.2 in the preceding 12 months. Recent Bank of Tanzania data confirm lower cashew exports and 2017 decline in non-traditional exports has continued into 2018, which raises concerns on prospects for longer term growth. The Tanzania Revenue Authority is reporting that many large tax payers are unable to meet their tax obligations on time. Nonperforming loans have declined recently to 9.7 percent in September 2018 from 12.5 percent in September 2017, but remain almost double the 5 percent statutory threshold. Banks have limited lending to businesses and interest rates are high (18 percent for one-year loans in August 2018), though some banks have lowered benchmark lending rates. On a positive note, credit to the private sector has been edging up, reaching 4.9 percent in the 12 months ending September 2018. The fiscal deficit is still low, not counting payment arrears and delayed refunds of value-added tax. The 2017/18 budget deficit after grants of 1.3 percent of GDP suggests effective spending management but does not factor in payment arrears, with an estimated stock of over 3 percent of GDP. Government is paying down roughly TZS 1 trillion of verified arrears per fiscal year. The low deficit is the result of controlled recurrent expenditures and under execution of the development budget by more than 40 percent. Contributing factors include shortfalls in domestic revenue and external financing for large projects. Public debt is currently sustainable, but there is need for the Government to consider cost-effective financing options and manage associated risks to support public investments. The 2018/19 budget targets public investment to consume 45 percent of total spending, equivalent to 9.1 percent of GDP compared to 5.5 a year prior
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  • 88
    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: Economic Updates and Modeling
    Abstract: The outlook for the global economy has darkened amid elevated trade tensions. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening. Global growth is projected to moderate from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019 and 2.8 percent in 2020-21, as economic slack dissipates, monetary policy tightens in advanced economies, and global trade gradually slows (World Bank Global Economic Prospects, January 2019). Despite external shocks to trade and tourism, growth of the Thai economy is estimated to have accelerated to 4.1 percent in 2018. The economy proved to be resilient in the face of strong global headwinds due to strengthening domestic demand stemming from an upswing in private consumption and private investment. Domestic consumption expanded by 5 percent in 2018Q3, posting the highest growth rate in 22 quarters in a low-inflation environment and record-low unemployment. In addition, private investment grew by 3.9 percent in the third quarter supported by increased spending on construction, machinery and equipment. Strong domestic demand offset partially adverse global factors-the China-US trade dispute-as well as domestic and idiosyncratic factors-such as the Phuket boat tragedy and the high-base effect of gold exports. The Thai economy also owed its resiliency to strong and stable macroeconomic fundamentals
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  • 89
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Public Expenditure Review
    Abstract: In 2016, the Government of Bulgaria (GoB) decided to initiate spending reviews (RS) to improve the efficiency and effectiveness of its spending in the context of a moderate fiscal consolidation process. Although Bulgaria has one of the lowest overall spending in the European Union (EU), spending outcomes lag those of other EU member states. In the case of waste management, Bulgaria spends the most among comparable EU countries, but outcomes could be significantly improved. Still a large part (48 percent in 2016 ) of municipal solid waste generated is landfilled even though waste management infrastructure is under development. To help address these challenges the Ministry of Finance (MoF) requested analytical and advisory support from the World Bank. Such support was intended to identify spending pressures and potential efficiency and effectiveness gains in waste management. In contrast to most spending reviews, where saving targets are identified upfront and the primary objective is to find ways of reducing the budget, the primary objective of this review is to increase performance and use any savings derived from efficiency gains for additional priority spending on waste management. A secondary objective is for this SR to help increase the transparency of spending on waste management, as information on spending categories by activity and municipality has not been analyzed until now
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  • 90
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other papers
    Abstract: This paper examines the patterns of growth of Poland, and its transition into high-income status over the past two decades from a macro and micro perspective. It benchmarks Polish performance with that observed in established high-income countries, and with that of others that have been trapped in middle--income levels and examines the role that integration into the EU had on growth. The analysis reveals, first, that Poland's growth process has been accompanied by a process of diversification of assets, including institutions, physical and human capital. Second, that the progressive integration into the EU bloc boosted growth and productivity because of three keyfactors: (i) increased openness to trade, investment and talent, (ii) increased domestic competition, and regulatory harmonization with EU, (iii) increased certainty in reforms, through a commitment to EU-institutions. Third, that for full convergence to high-income levels, Polish firms need to increase their innovative capacities. The paper extracts lessons applicable to other economies trapped in middle-income levels, as well as to Poland itself to consolidate growth looking forward
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  • 91
    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: Water Papers
    Abstract: Water, climate and finance know no borders. This brings challenges and opportunities: The majority of freshwater worldwide flows in transboundary basins and most climate change impacts are felt through the water cycle. Transboundary cooperation in climate change adaptation is crucial for preventing mal-adaptation and making adaptation in shared basins more effective. However, many basins struggle in accessing funds for climate change adaptation. River basin organizations can play a valuable role in this fund-raising process. Understanding the special risks and complexities of transboundary river basin projects is critical to preparing bankable project proposals that will attract public and private financing partners. This report highlights the challenges and opportunities countries face in accessing financial resources for climate adaptation in transboundary river basins. Outlining basic characteristics and criteria for the preparation of bankable project proposals, the report is a guide for those working on climate change adaptation in transboundary river basins
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  • 92
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other papers
    Abstract: Blockchain is an emerging technology that offers the possibility of re-engineering economic models and enabling the creation of markets and products that were previously unavailable or unprofitable across emerging markets. This report is intended to introduce readers to current developments in distributed ledger technology, or blockchain, with the vantage point of possible benefits to emerging markets. The first six chapters were written a year ago, while the last three are more recent and bring the perspective of a year of development in the nascent technology. Chapter 1 provides an overview of blockchain technology, followed by a look at its unfolding applications in emerging markets in Chapter 2. Chapter 3 examines whether blockchain can be used to mitigate de-risking by financial institutions. Chapters 4 and 5 look more closely at the financial services sector, including an overview of how blockchain fits into the spectrum of financial technology (fintech) innovations and the resulting provision of financial services (Chapter 4), and an analysis of blockchain's contribution to reaching the unbanked and underbanked in various emerging markets, including in Latin America, Asia, and Sub-Saharan Africa (Chapter 5). Chapter 6 looks beyond fintech to explore how developments in applied blockchain technology can impact agribusiness, drug safety, and more generally provide enforcement tools to promote the reach of sustainable and inclusive business. Chapter 7 discusses the proper regulatory environment needed to stimulate competition and investment in blockchain technologies in emerging markets and beyond. Chapter 8 examines the potential of blockchain to accelerate the transition to low-carbon energy solutions in these countries. Chapter 9 offers a review of legal issues associated with the use of blockchain and how these can be addressed
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  • 93
    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: Energy Sector Management Assistance Program Papers
    Abstract: This report integrates primary and secondary research with COM-B (Capability, Opportunity, Motivation - Behavior) theoretical framework for understanding and effecting behavior change and consumer decisions on usage of efficient biomass stoves. Organized around seven themes - awareness, consumer finance, trust, access, understanding, product features, and gender - the report presents the outcomes of stakeholder interviews, consumer focus groups, and household surveys aimed at gaining a deeper understanding of the factors that determine perception of improved stoves and drive consumer decisions. It then proposes behavioral levers that the authors believe may increase the likelihood of uptake of efficient stoves and that can be ultimately used to maximize effectiveness of marketing by the private sector, design awareness campaigns, and sharpen the focus of development projects. The report primarily focuses on issues around improvement of biomass fuel usage efficiency and does not directly consider alternate cooking solutions, which might merit a more comprehensive review
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  • 94
    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
    Abstract: The World Bank Group's Women, Business and the Law examines laws and regulations affecting women's prospects as entrepreneurs and employees across 187 economies. Its goal is to inform policy discussions on how to remove legal restrictions on women and promote research on how to improve women's economic inclusion. Women, Business and the Law 2019: A Decade of Reform introduces a new index measuring legal rights for women throughout their working lives in 187 economies. The index is composed of 35 data points grouped into eight indicators. The data covers a 10-year period not only to understand the current situation but to see how laws affecting women's equality of opportunity have evolved over time. The index assesses economic rights at milestones spanning the arc of a woman's working life: the ability to move freely; starting a job; getting paid; legal capacity within marriage; having children; running a business; managing assets; and getting a pension
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  • 95
    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: Economic Updates and Modeling
    Abstract: Sri Lanka is facing a challenging macroeconomic landscape. The post-conflict high growth momentum has decelerated. A volatile global environment and structurally weak competitiveness continue to weaken growth and external sector performance. High interest costs mask limited fiscal improvement. While outlook remains stable conditional on political stability and reform implementation, the balance of risks is downward tilted. The country is vulnerable to global financial market conditions due to large refinancing requirements. Although some important reforms were carried out, the process has slowed down due to a challenging political environment
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  • 96
    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: Debt and Creditworthiness Study
    Abstract: Cote d'Ivoire has a moderate risk of external debt distress, with limited space to absorb shocks. All liquidity and solvency external debt indicators lie below their thresholds under the baseline scenario. However, the ratios of external debt service to revenue and exports are projected to rise, diminishing room to maneuver, and an export shock would cause breaches of their relevant thresholds under the worst-case stress scenarios. This underscores the substantial downside risks originating from external shocks and the need to boost domestic revenue mobilization. The overall risk of public debt distress is also moderate, with public debt to GDP ratio expected to decrease gradually. A sustained compliance with the WAEMU fiscal deficit convergence criterion and a prudent external borrowing strategy balancing the costs and economic return of new loans will be crucial to preserve debt sustainability
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  • 97
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other Agricultural Study
    Abstract: Zambia's agricultural sector represents the backbone of its rural economy and holds great potential for the entire country. Zambia's agriculture sector faces challenges and is likely to grow more vulnerable as a result of climate change and risk. At the same time, land use, land-use change and forestry (LULUCF), and agriculture sector account for approximately 93 percent of the country's carbon footprint. The Government of the Republic of Zambia (GoZ) is integrating climate change concerns into its agriculture policy agenda. Under its Zambia climate-smart agriculture (CSA) strategy framework, the GoZ is promoting the rollout of CSA practices that will sustainably increase productivity, enhance resilience, and reduce or remove greenhouse gas (GHG) emissions. The CSA investment plan (CSAIP) aims to identify and fill knowledge gaps about CSA's local- and national-level benefits, specifically under climate change, inform policy development, and prioritize investment opportunities. The World Bank collaborated with the GoZ to develop a CSAIP intended to support the operationalization of the country's climate commitments toward development of a productive, resilient, and low-emission agriculture sector. The CSAIP development began with a participatory process that identified the agriculture sector's policy goals. This report takes the next step by assessing the impacts of a suite of CSA practices on achieving the sector goals and on household welfare. The report concludes with recommendations and proposals for future CSA investments
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  • 98
    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: Country Financial Accountability Assessment
    Abstract: The research is based on the PEFA framework and methodology for assessing public financial management performance and the data set that is generated from the PEFA assessments. The research quantified PEFA scores and aggregated them into overall scores which required developing assumptions on weighting scores, measures, and assessments. The research acknowledges methodological limitations of using the PEFA data set, including the assumptions. In general, the research follows the approach taken by previous researchers who have used PEFA data for quantitative analysis, but this does not eliminate the challenges that persist in transforming grades to numerical values and aggregating them. The time inconsistency issues and the limited number of observations also influenced the regression analysis using the PEFA data set. The team acknowledges that the PEFA data set was not designed for statistical analysis and that using it in quantitative regressions presents a series of econometric issues that cannot be fully resolved in this book, or in other papers which apply a similar approach. The research report builds on general recognition that PFM is important for development and recognizes that there is limited evidence based on the nontechnical determinants of PFM performance, as well as the outcomes of a good PFM system. The report therefore aims to bridge some of this gap between theory and practice using data on PFM performance from PEFA assessments. The report undertakes a closer examination of the key debates on what constitutes a good PFM system by providing an overview of the PEFA framework, and the data set that is generated through PEFA assessments, including its strengths and weaknesses. This was done to enable the research team to undertake quantitative analysis of the relationship between PFM performance and other governance indicators and outcomes
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  • 99
    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: Policy Notes
    Abstract: This policy note was prepared in parallel to the report Pakistan at 100- Shaping the Future. The report Pakistan at 100 discusses options to accelerate and sustain growth in Pakistan so that the country becomes an upper middle-income country when it turns hundred years old in 2047. This policy note discusses the need for strong governance to accelerate and sustain Pakistan's growth. Strong governance will require improved transparency and accountability, so policies are designed and implemented to benefit Pakistan's population
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  • 100
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Other Environmental Study
    Abstract: West Africa's coastal areas host about one third of the region's population and generate 56 percent of its GDP. They are home for valuable wetlands, fisheries, oil and gas reserves, and high tourism potential. However, these areas are affected by severe pressures: rapid urbanization along the coast has increased the demands on land, water, and other natural resources; man-made infrastructure and sand extraction have contributed to significant coastal retreat; moreover, climate change and disaster risks are exacerbating these threats. As a result, coastal areas are undergoing alarming environmental degradation leading to deaths (due to floods, air and water pollution), losses of assets (houses, infrastructure) and damages to critical ecosystems (mangroves, marine habitat). This study estimates in monetary terms the Cost of Environmental Degradation (COED) in the coastal areas of Benin, Cote d'Ivoire, Senegal, and Togo. Specifically,it values the impacts of degradation that occur during one year, as a result of three major factors: flooding, erosion, and pollution (from water, air and waste). The final results are expressed in 2017 prices. They are reflected in absolute (USD) and in relative terms, as percentage of the countries' GDP. Overall, the COED of the four countries is estimated at about USD 3.8 billion, or 5.3 percent of the countries' GDP in 2017. Flooding and erosion are the main forms of degradation, accounting for more than 60 percent of the total cost. Moreover, coastal degradation causes over 13,000 deaths a year, primarily due to air and water pollution, and to floods
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