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  • Washington, D.C : The World Bank  (2,207)
  • Singapore : Springer Nature Singapore  (21)
  • Macroeconomics and Economic Growth  (1,224)
  • Environment  (680)
  • Social Protections and Labor  (587)
  • Economic Theory and Research  (443)
  • Law and Development  (288)
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  • 1
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Finance and Development ; Finance and Financial Sector Development ; Financial Support ; IDA ; Jobs ; Labor Markets ; Reform ; Social Protections and Labor
    Abstract: This evaluation is the first stage of the Independent Evaluation Group's assessment of the World Bank's support for more, better, and more inclusive jobs through International Development Association (IDA) financing, and it assesses the implementation of IDA-supported interventions directly supporting its jobs objectives across the three Replenishment cycles from fiscal years 2015 to 2022. Supporting the creation of more, better, and more inclusive jobs is critical towards achieving the goals of poverty reduction and shared prosperity in countries. This is especially true for countries that are eligible for International Development Association (IDA) financing. Since 2014, IDA has included jobs as a special theme, and subsequent IDA replenishments have had what this evaluation calls an 'IDA jobs strategy.' This strategy included explicit objectives, a series of policy commitments to achieve them, and results indicators to track them. This evaluation represents the first stage of the Independent Evaluation Group's assessment of the World Bank's performance in supporting more, better, and more inclusive jobs through IDA financing. It assesses the implementation of IDA-supported interventions that directly supported its jobs objectives across the three Replenishment cycles from fiscal years 2015 to 2022. The evaluation answers two questions: (i) To what extent IDA's strategy on jobs was grounded in sound analytics, adaptive, and operationally relevant (ii) To what extent the strategy has been translated into relevant and effective jobs interventions that directly address the objectives of more, better, and more inclusive jobs The scope of the evaluation is limited to the three main channels for achieving IDA jobs objectives: acting on labor demand, increasing labor supply, and improving labor market flexibility and geographic mobility. The report offers recommendations for further strengthening of the IDA jobs agenda towards the objective of supporting more, better, and more inclusive jobs
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  • 2
    Language: English
    Pages: 1 Online-Ressource (66 pages)
    Parallel Title: Erscheint auch als Lebrand, Mathilde Does Africa Need More Roads in the Digital Age? Evidence of Complementarities in Infrastructure
    Keywords: Employment ; Employment and Unemployment ; ICT Applications ; Information and Communication Technologies ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Social Protections and Labor ; Structured Transformation
    Abstract: This paper investigates whether the expansion of fast internet networks complements or substitutes for the development of roads to improve market access and create more and higher-skilled jobs in Africa. The paper combines the geographic locations of households and firms with the locations of main roads and optical-fiber nodes in 25 Sub-Saharan African countries. Using the difference-in-differences and instrumental variables approaches and leveraging the history of post-independence road building and the timing of the arrival of submarine internet, the paper examines the impacts of access to these two types of infrastructure, both in isolation and in combination. The findings show that improving access to both has large and positive complementary effects. On average, the additional impacts on employment from combining access to both types of infrastructure are 22 percent larger than the sum of their isolated effects. The findings suggest that a big push for combined investments in fast internet and road access could enhance economic development in Africa overall. Firms and workers in urban locations, female workers, and workers with higher levels of education gain the most from the complementarities that emerge
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  • 3
    Language: English
    Pages: 1 Online-Ressource (28 pages)
    Parallel Title: Erscheint auch als Coulibaly, Mohamed Responsibility Sharing and the Economic Participation of Refugees in Chad
    Keywords: Adaptation To Climate Change ; Climate Change ; Communities and Human Settlements ; Disaster Risk Management ; Environment ; Flood and Drought Risk Management ; Human Migrations and Resettlements ; Natural Resources Management ; Poverty Assessment ; Poverty Reduction
    Abstract: The Global Compact on Refugees recognizes the importance of responsibility sharing for hosting, protecting, and assisting refugees, while emphasizing the potential of economic participation to reduce the cost of humanitarian assistance. This note explores the relative importance of aid in caring for refugees hosted in Chad and the importance of the incomes earned by the refugees. It finds that the combination of aid and self-earned incomes falls far short of a minimum standard of living (the poverty line) as a consequence of which the vast majority of refugees lives in abject poverty. It is also finds that although refugees are hosted in camps with relatively few economic opportunities, self-generated income covers 54 percent of the poverty line and aid only 14 percent. As Chad has adopted a policy of refugee inclusion and dispersion, the note then explores how much these progressive policies might increase the income earning potential of refugees. This is found to be substantial. Economic participation policies are estimated to reduce refugee poverty from 88 to 50 percent (thus increasing the self-sufficiency of refugees dramatically), while increasing the incomes generated by poor refugees by more than 50 percent. The greatest participation benefits will be realized when refugees move to areas with more economic potential
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Access To Finance ; Ecosystem Restoration ; Environment ; Environmental Protection ; Finance and Financial Sector Development ; Financing Needs ; Nature Loss ; Private Sector Development ; Private Sector Economics ; Private Sector Investment
    Abstract: Ecosystem restoration is critical to the global ambition of halting and reversing nature loss. Tremendous efforts have been deployed globally to conserve the remaining rainforests, grasslands, rivers and lakes, reefs and mangroves, and other ecosystems that are critical for safeguarding biodiversity and the ecosystem services that humanity depends on. However, the extent of environmental degradation is such that recovering the productivity of ecosystems where it has been lost is equally important - for nature, communities, and economic sectors. While restoration is often viewed as the purview of the public sector, this report demonstrates opportunities for private sector investment. It aims to shift the perception that restoration finance is limited to grant funding from domestic and international public sources only. Drawing on case studies, it highlights the investment drivers and entry points for private finance in restoration projects. The financing models presented also point to opportunities for replication and scaling. This report is a product of the Finance Task Force of the United Nations Decade on Ecosystem Restoration, an initiative led by the United Nations Environment Program and the Food and Agriculture Organization of the United Nations. The United Nations Decade aims to drive the restoration of one billion hectares of degraded land between now and 2030. The role of the Finance Task Force, chaired by The World Bank, is to catalyze action that can contribute to unlocking the capital needed to meet the United Nations Decade's goals
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  • 5
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Education Study
    Keywords: Access To Education ; Education ; Education For All ; Gender ; Gender and Development ; Human Development and Gender ; Labor Management and Relations ; Labor Market Policy and Programs ; Public Sector Management ; Social Protections and Labor
    Abstract: The main objective of this study is to assess the performance of Cambodia's tertiary education system in terms of equitable access, labor market relevance, and research output, and to provide policy recommendations to the government and all stakeholders in the tertiary education sector. This will inform priority reforms and investments to strengthen the sector overall and, specifically, improve coverage, relevance, research, and governance. Building on the latest analytical work carried out in 2017 ahead of the preparation of an ongoing higher education operation supported by the World Bank, the study is an important step toward overcoming knowledge gaps about the main drivers of the results of the Cambodian tertiary education system and institutions. It will shed light on the factors explaining disparities in access, the mismatch between higher education programs and labor market needs, the capacity of higher education to train the specialists and technicians needed for the green economy, and shortcomings in the governance set up and processes that impede both public and private HEIs from operating in a flexible and efficient manner. The findings of the report will significantly add to the evidence base for identifying policy options to improve equity, relevance, and governance at both the national and institutional levels
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Affordable and Clean Energy ; Economic Policy, Institutions and Governance ; Energy ; Environment ; Environment and Natural Resource Management ; Industrial Management ; Industry, Innovation and Infrastructure ; Infrastructure Economics and Finance ; Land Assets ; Life on Land ; Rural Development ; SDG 11 ; SDG 15 ; SDG 7 ; SDG 9 ; Sustainable Cities and Communities ; Urban Development
    Abstract: This Guidance Note represents a call to action, dedicated to enhancing access to land and unlocking the full potential of land assets for urban and infrastructure development, as well as renewable energy investments. It not only underscores the importance of improving land access but also highlights the pathways towards leveraging land assets, creating value, and capturing its dividends
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  • 7
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Law and Justice Study
    Keywords: Discrimination ; Female ; Finance and Development ; Gender ; Genital Mutilation ; Human Rights ; Law and Development ; Violence Against Women ; Women's Rights
    Abstract: In 2012 and in 2018, the United Nations General Assembly adopted resolutions urging the international community to intensify global efforts to eliminate female genital mutilation/cutting (FGM/C). It also called upon "States, the United Nations system, civil society and all stakeholders to continue to observe 6 February as the International Day of Zero Tolerance for FGM/C and to use the day to enhance awareness raising campaigns and to take concrete actions against female genital mutilations". FGM/C is an extreme type of violence against women and girls which impairs their development potential and impacts the societies in which they live and work, their children, their families and ultimately their countries. FGM/C also undermines the World Bank's efforts to end extreme poverty and boost shared prosperity. Women and girls affected by FGM/C may not be able to reach their full personal, productive and professional potential. FGM/C causes a large number of physical and psychological problems and complications and can even lead to death. It imposes unnecessary suffering and prolonged pain. The international community recognized that FGM/C is an important development challenge that affects more than 200 million women and girls in the world. Sustainable Development Goal 5 (SDG 5: Achieve gender equality and empower all women and girls) includes a target on eliminating all harmful practices against women, such as female genital mutilation by 2030 (target 5.3). This eighth edition describes the international and regional instruments that address FGM/C as well as the national legislations adopted to outlaw FGM/C. This is a practical online tool to empower those fighting FGM/C
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  • 8
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Debt Indicators ; Developing Countries ; Economic Growth ; Fiscal and Monetary Policy ; Fiscal Indicators ; GDP ; Inflation ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Indicators ; Poverty Reduction ; SDG 1
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Sub-Saharan Africa region. Macroeconomic indicators such as population, gross domestic product, and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 9
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Adaptation to Climate Change ; Economic Development ; Gross Domestic Product ; Macroeconomics ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Diagnostics ; Poverty Measurement ; Poverty Reduction ; Poverty, Environment and Development ; Public Sector Development ; SDG ; Suatainable Development Goals
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North Africa region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 10
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Agribusiness ; Climate Finance ; Forestry Management ; Governance ; Local Governance ; Macroeconomics and Economic Growth
    Abstract: Local governments--especially cities and municipalities--in developing countries will be at the forefront of confronting and mitigating the impacts of climate change, and they need substantial financing to address this challenge. However, they often lack the fiscal resources for such investments. To address this financing gap, they will need to utilize a variety of financing sources and instruments. This joint publication of the World Bank and the UN Capital Development Fund aims to help cities and local governments better understand the various climate finance instruments and sources available to them, including intergovernmental fiscal transfers, own-source revenues, municipal borrowing (loans and bonds), public-private partnerships and credit-enhancement instruments such as guarantees. It provides information on each of these instruments - organized in a conceptual framework -- and highlights international experience and 18 case studies on their use from around the world. The report also recommends various actions that cities, local and national governments and development partners can take to increase access to these instruments to help meet climate investment needs in cities
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  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Climate Change Impacts ; Employment Growth ; Fiscal Consolidation ; Inflation ; Macroeconomics and Economic Growth ; Poverty Reduction ; Western Balkans
    Abstract: Economic growth in the Western Balkans slowed to 2.6 percent in 2023, from the 3.4 percent reached in 2022, reflecting the impact of a weak European economy weighed down by sequential shocks. Overall, the WB6 region has experienced a rise in total hours worked driven by employment growth and labor force expansion, especially driven by women joining the labor force. Poverty in the Western Balkans returned to its declining trend during 2023, but at a slower pace than pre-pandemic. A robust fiscal performance and solid rate of gross domestic product (GDP) growth led to a fall in debt as a share of GDP. After increasing to levels not seen in several decades, inflation rates in the WB6 fell significantly during 2023. Growth projections for the medium term have increased slightly, reflecting cautious optimism that, having weathered a flurry of shocks over recent years, the Western Balkans is beginning to see a return to trend economic performance. However, while the WB6 region is expected to return on its pre-pandemic trend in 2024, this is insufficient to enable meaningful convergence with European Union (EU) income levels over the medium term. The spotlight in this edition of the Western Balkans Regular Economic Report focuses on the role of cities as engines of growth and leading actor in the green transition. This spotlight recommends action on three main fronts to make cities in the Western Balkans greener. First, it is crucial to reduce urban sprawl and make cities more compact. Second, cities must bring down their emissions, also because this will have immediate improvement on socio-economic and environmental outcomes. And third, cities must take actions to reduce extreme urban heat and enhance preparedness for it
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  • 12
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Health Sector Review
    Keywords: Agricultural Irrigation and Drainage ; Climate Change ; Critical Care ; Disaster Risk Exposure ; Environment ; Groundwater ; Health Care Systems ; Health, Nutrition and Population ; Irrigation and Drainage ; Natural Hazards
    Abstract: Health care systems are at the frontline of delivering critical care during emergencies, mitigating illnesses and deaths. Yet many countries struggle to meet even routine demands for health care. Climate change, disasters, pandemics, and demographic changes are bound to increase pressures on already strained health systems (Rentschler and others 2021). Preparing and equipping health systems to adequately respond to crises are vital to ensure sustained access to health services and to provide reliable essential health care that protects people's well-being. Having a robust assessment of their country's health system's climate and disaster risk management (CDRM) capabilities allows policy makers to make these systems more resilient against shocks. This policy note introduces the Frontline Scorecard, a new rapid diagnostic tool that decision makers can use to conduct a high-level assessment of the CDRM capabilities of their health system, and illustrates its application in a case-study country, Belize
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  • 13
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Ambler, Kate Rural Labor and Long Recall Loss
    Keywords: Employment and Unemployment ; Labor Supply ; Poverty Reduction ; Rural Household Survey ; Rural Labor ; Social Protections and Labor ; Unemployment
    Abstract: Surveys frequently rely on annual recall to capture individuals' labor activities over the preceding year. This paper uses a panel of rural households in Malawi for a survey experiment to test the effect of a long, annual recall window on reported labor supply relative to a set of quarterly interviews. The paper documents large losses in reported labor participation using the long recall window with reductions of over 20 percent of reported activities and months worked and a 2.5 times greater incidence of reported unemployment relative to the shorter window. These losses are greater for activities further in the past and especially for individuals whose labor supply is reported by other family members, reaching up to 50 percent for some outcomes. The profile of households' primary respondents, predominantly male and older, and differential effects by age further suggest that long recall may cause meaningful biases in the resulting data for women and younger household members
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (44 pages)
    Parallel Title: Erscheint auch als Assem Mohammed G Hassan Ahmed, Hoda Stages of Diversification Redux
    Keywords: Development Trajectories ; Economic Concentration ; Economic Diversification ; Economic Growth ; Macroeconomics and Economic Growth ; Resource Poor Countries ; Resource Rich Countries
    Abstract: The existing literature on development and economic diversification finds an inverted-U function between these two variables, whereby economies diversify as they grow up to a point, after which they start specializing. This paper contributes to this literature by investigating the stages of diversification over the course of development during the past 57 years. The paper emphasizes the trajectories of resource-rich and resource-poor countries, an issue that has not been covered by the extant literature. In addition, the paper studies the stages of diversification across three dimensions, namely employment, value-added, and exports. Additionally, it examines the relationship for services. Non-parametric estimations suggest a U-shaped curve between measures of economic concentration and per capita income levels, which is in line with existing evidence. However, these patterns are mainly driven by between-country rather than within-country variation, a finding that had been ignored in the existing literature. Diversification patterns also differ across resource-rich and resource-poor countries: Employment and value added in resource-rich countries are on average more concentrated at low levels of development while in resource poor countries, they are more concentrated at high levels of development. In contrast, at all levels of development, exports are more concentrated in resource-rich countries
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  • 15
    Language: English
    Pages: 1 Online-Ressource (47 pages)
    Parallel Title: Erscheint auch als Kilic, Talip Recording the Time Divide: A Comparative Study of Smartphone- and Recall-Based Approaches to Time Use Measurement
    Keywords: Cellular Phones ; Commercial Recall ; Consumption ; Household Survey ; Macroeconomics and Economic Growth ; Telecommunications ; Usage Monitoring
    Abstract: Based on a randomized survey experiment in Malawi, this study examines how innovative techniques in time use data collection could sidestep measurement concerns with traditional recall-based time use measurement. The experiment assigns random samples of households, and adult men and women within, to one of two treatment arms on time use measurement: a traditional 24-hour recall time use diary, and a self-administered smartphone-based pictorial time diary, known as the TimeTracker app, for real-time data collection. Compared to the recall arm, participation in employment and unpaid domestic and care work is shown to be higher in the smartphone arm for both men and women. The resulting estimates of gender gaps, while continuing to be large, are narrower in the smartphone arm, except for care work where the estimated gender gap increases. The recall treatment leads to substantial underreporting of activities after 6 pm, which otherwise accounts for nearly 30 percent of daily reported time in the smartphone arm. Likewise, the extent of simultaneous activities, particularly among women, is markedly lower in the recall arm. The overall reported time is, however, higher in the recall arm due to the minimum 15-minute duration that was used for recording activities the 24-hour recall diary, while over one-third of activities lasted less than 15 minutes in the smartphone arm. The analysis also shows that using stylized time use questions with a 7-day recall, as opposed to a 24-hour recall diary, results in an even greater overestimation of reported time in employment and unpaid work
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  • 16
    Language: English
    Pages: 1 Online-Ressource (18 pages)
    Parallel Title: Erscheint auch als Bou-Habib, Chadi Globalization, Dutch Disease, and Vulnerability to External Shocks in a Small Open Economy: The Case of Lebanon in 1916 and 2019
    Keywords: Economic Conditions and Volatility ; Economic Crisis ; External Shock ; Famine ; General Equilibrium Simulation ; Macroeconomics and Economic Growth ; Mount Lebanon ; Natural Disaster
    Abstract: This paper investigates the similarities between the economy of 1912 Mount Lebanon on the eve of the famine of 1916 and the economy of 2004 Lebanon that set the stage for the major economic and social crisis of 2019. A simple general equilibrium simulation shows that, as long as the Lebanese economy remains reliant on foreign inflows, crises will persist, with different manifestations. Regardless of the period considered, foreign inflows increase domestic prices and induce real appreciation. Low productive capacities and insufficient job creation lead to high emigration. Emigration increases the reliance on foreign inflows, which in turn increase domestic prices and reduce competitiveness, hence triggering further emigration and further reliance on foreign inflows. Income and prices increase, but exports decline, and growth remains volatile. The interruption of the flows of capital and goods and the impossibility to migrate due to the First World War drove Lebanon into starvation in 1916. The interruption of inflows of capital in 2019 led to a major crisis and massive outmigration, as predicted through the simulations based on the structure of the Lebanese economy in 2004. The simulations effectively capture the impact of external shocks on the Lebanese economy and closely align with the actual changes in economic variables during 2005 to 2020
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  • 17
    Language: English
    Pages: 1 Online-Ressource (37 pages)
    Parallel Title: Erscheint auch als Bauer, Adam Michael How Delayed Learning about Climate Uncertainty Impacts Decarbonization Investment Strategies
    Keywords: Adjustment Costs ; Carbon Policy and Trading ; Carbon Price ; Climate Change and Environment ; Climate Change Mitigation and Green House Gases ; Climate Risk ; Environment ; Green Investment ; Stochastic Modeling
    Abstract: The Paris Agreement established that global warming should be limited to "well below" 2?C and encouraged efforts to limit warming to 1.5?C. Achieving this goal presents a significant challenge, especially given the presence of (i) economic inertia and adjustment costs, which penalize a swift transition away from fossil fuels, and (ii) climate uncertainty that, for example, hinders the ability to predict the amount of emissions that can be emitted before a given temperature target is passed, which is often referred to as the remaining carbon budget. This paper presents a modeling framework that explores optimal decarbonization investment strategy when both delayed learning about the remaining carbon budget and adjustment costs are present. The findings show that delaying learning about the remaining carbon budget impacts investment in three ways: (i) the cost of policy increases, especially when adjustment costs are present; (ii) abatement investment is front-loaded relative to the certainty policy; and (iii) the sectoral allocation of investment changes to favor declining investment pathways rather than bell-shaped paths. The latter effect is especially pronounced in hard-to-abate sectors, such as heavy industry. Each of the effects can be traced back to the carbon price distribution inheriting a "heavy tail" when the remaining carbon budget is learned later in the century. The paper highlights how climate uncertainty and adjustment costs combined result in a more aggressive least-cost strategy for decarbonization investment
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  • 18
    Language: English
    Pages: 1 Online-Ressource (50 pages)
    Parallel Title: Erscheint auch als Patino Pena, Fausto The Role of Firm Dynamics in Aggregate Productivity, Job Flows, and Wage Inequality in Ecuador
    Keywords: Aggregate Productivity ; Employment and Unemployment ; Finance and Development ; Finance and Financial Sector Development ; Firm Performance ; Job Flows ; Social Protections and Labor ; Wage Inequality
    Abstract: This paper examines the role of firm dynamics in aggregate total factor productivity, job flows, and wage inequality in Ecuador. Utilizing a comprehensive employer-employee dataset, the paper documents firm dynamics and job flow patterns that are consistent with the presence of market distortions. Also, the paper identifies factor misallocation as the main contributor to Ecuador's total factor productivity deceleration. Given these trends, the paper explores allocative inefficiency drivers through firm- and industry-level regressions. Firms in the top productivity quintile face distortive non-wage labor costs that are 3.7 times higher than the bottom quintile, after controlling for firm size and age. The findings also provide evidence of credit misallocation across firms. Additionally, industries with higher job mobility, credit access, and competition and lower non-wage labor costs, minimum wage incidence, and zombie firms demonstrate higher allocative efficiency. Moreover, worker-level regressions indicate that misallocation drivers explain up to 41 percent of wage inequality, with non-wage labor costs and product market frictions as distortions driving this inequality
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  • 19
    Language: English
    Pages: 1 Online-Ressource (53 pages)
    Parallel Title: Erscheint auch als Moretti, Matias Inelastic Demand Meets Optimal Supply of Risky Sovereign Bonds
    Keywords: Economic Development ; Emerging Markets Bond Index ; Finance and Financial Sector Development ; Inelastic Financial Markets ; Institutional Investors ; International Capital Markets ; International Financial Markets ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Small Open Economies ; Sovereign Debt
    Abstract: This paper presents evidence of inelastic demand in the market for risky sovereign bonds and examines its interplay with government policies. The methodology combines bond-level evidence with a structural model featuring endogenous bond issuances and default risk. Empirically, the paper exploits monthly changes in the composition of a major bond index to identify flow shocks that shift the available bond supply and are unrelated to country fundamentals. The paper finds that a 1 percentage point reduction in the available supply increases bond prices by 33 basis points. Although exogenous, these shocks might influence government policies and expected bond payoffs. The paper identifies a structural demand elasticity by feeding the estimated price reactions into a sovereign debt model that isolates endogenous government responses. These responses account for a third of the estimated price reactions. By penalizing additional borrowing, inelastic demand acts as a commitment device that reduces default risk
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  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Mobility and Transport Connectivity
    Keywords: Adaptation To Climate Change ; Carbon Emissions and Transport ; Climate Change Mitigation and Green House Gases ; Environment ; Green Growth ; Rail Greenhouse Gas Analysis ; Railways ; Transport ; Urban Development
    Abstract: Railways are a low carbon way to access opportunities and move goods to markets. To realize the benefits of railways in low-and middle-income countries (LMICs), an estimated USD 25-80 billion of investment annually will be needed. Many organizations and investors want to support green activities and a variety of climate finance sources and instruments have been developed todo just that. However, railways have had limited success in accessing climate specific financing instruments. This report examines the experience in attracting financing from climate-specific financing instruments of railways in LMICs. The review encompasses private sector climate finance, whose resources could potentially meet the entire rail financing gap, as well as carbon markets, and other results-based climate finance and climate funds
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Consumer Protection ; Consumer Protection Law ; Corruption and Anticorruption Law ; Finance and Development ; Finance and Financial Sector Development ; Financial Capability ; Financial Consumer Protection ; Law and Development ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: The 2022 Global State of Financial Inclusion and Consumer Protection (FICP) Report is an update to the 2013 and 2017 FICP reports. These surveys aim to provide a timely source of global data to benchmark efforts by financial sector authorities to improve the enabling environment for financial inclusion and consumer protection. To date, this is the only longitudinal and global survey of this nature. As such, this report serves as a valuable resource to shape the World Bank's country engagements, a reference document for regulators and supervisors and, finally, a tool for both public and private sector actors with an interest in knowing the developments in this sector. The Survey questionnaire covers key topics related to financial inclusion and financial consumer protection (FCP) and aligns with international guidance to financial sector authorities in these areas. Because the report aims to capture both a snapshot as well as trends over time, the survey questionnaire has been modified over the three cycles to reflect the changing policy and regulatory landscape of financial inclusion and consumer protection
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  • 22
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Benazir Income Support Programme ; Benazir Nashonuma ; Benazir Taleemi Wazaif ; BISP ; Case Management ; CCT ; Conditional Cash Transfer ; Digital Divide ; Grievance Redress Mechanism ; ICT Applications ; National Socio-Economic Registry ; Social Protections and Labor
    Abstract: This report documents the progress that Pakistan has made so far in improving its systems for delivering social protection to its people. The government has increasingly relied on data and technology to increase the efficiency and effectiveness of the program. BISP UCT (Kafaalat),the country's largest social assistance program in terms of both budget allocation and number of beneficiaries has been responsible for the most innovative developments in the delivery of benefits. Its delivery systems have evolved significantly overtime expanding in scope from simply delivering the UCT to becoming a system that other programs can leverage to identify beneficiaries and deliver benefits. It has flexibility to be scaled up, both horizontally and vertically, in times of shock. This did not happen overnight: the government has consistently invested time and resources over the past decade and a half to improve how it functions. By documenting that journey, using the Social Protection Delivery Chain Framework developed by the World Bank in the "Sourcebook on the Foundations of Social Protection Delivery Systems," (Lindert and others 2020), this report can be a resource for domestic and international stakeholders
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  • 23
    Language: English
    Pages: 1 Online-Ressource (40 pages)
    Parallel Title: Erscheint auch als Jolevski, Filip Spillovers in ICT Adoption from Formal to Informal Firms: Evidence from Zambia
    Keywords: Decent Work And Economic Growth ; Digital Divide ; ICT Applications ; Industry ; Industry, Innovation And Infrastructure ; Informality ; Information and Communication Technologies ; Knowledge Economy ; Macroeconomics and Economic Growth ; SDG 8 ; SDG 9 ; Spillovers ; Sustainable Development Goals ; Technology ; Technology Industry
    Abstract: This paper examines spillovers in the use of digital technologies from formal to informal businesses by exploring differences in geographic proximity. Using a unique set of geocoded data from the 2019 World Bank Enterprise Surveys in Zambia, the findings indicate that closer geographic proximity to formal firms is associated with a significantly higher likelihood of digital adoption by informal businesses. The finding holds for various types of digital technologies, ranging from computers, tablets, and cell phones to mobile money transactions, and is robust to various measures of geographic proximity and model modifications. The results vary by the owner's level of education and business age. The results also suggest that the spillovers in information and communications technology use can be explained by competition in the local market and learning through enhanced interactions
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  • 24
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Blue Economy ; Employment and Unemployment ; Environment ; Industrial Management ; Labor Markets ; Maritime Space ; Natural Capital ; Sustainable Growth
    Abstract: With an accessible and attractive coastline of untouched natural splendor, Adriatic Croatia is a strategic driver of national economic development. It boasts rich cultural heritage and biodiversity and abundant coastal and marine resources providing the country with high socioeconomic value. A decade of strong growth of maritime tourism has fueled stable economic development in the coastal zone. Despite this progress, Adriatic Croatia faces multiple environmental challenges stemming from anthropogenic pressures and climate change. Negative impacts from over-tourism, urbanization, and pollution underline the urgency of adopting a sustainable maritime economy approach. The demographic decline and the lack of economic diversification could diminish future economic opportunities of Adriatic Croatia to grow sustainably and provide new jobs. The emerging challenges call for close attention in the context of the national development goals, sustainable development commitments and Croatia's aspiration to achieve blue growth. This report discusses the concept of blue economy while trying to understand and define the impacts of current challenges on the Republic of Croatia's transition to blue economy
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  • 25
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation to Climate Change ; Climate Change ; Climate Change Impacts ; Economic Policy ; Environment ; Environment and Natural Resource Management ; Finance and Financial Sector Development ; Green Growth
    Abstract: There is growing awareness globally about the potential impacts of climate change on financial stability. Climate-related financial risks can be broadly grouped into two categories: (i) climate physical risks, which are financial risks stemming from the gradual and abrupt impacts of climate change (primarily droughts and floods in the case of Morocco, as highlighted by the ongoing severe drought event and recent floods), and (ii) climate transition risks, which are financial risks that can result from the transition to a low-carbon economy, for example, due to changes in climate policy, technology, or market sentiment. The purpose of this report is to better understand the impact of these climate risks on Morocco's banking sector. This includes understanding the banking sector's exposure to sectors and regions that are vulnerable to climate physical and transition risks, as well as a quantification of climate impacts on banks' balance sheets under different scenarios. This report also takes stock of the Moroccan banking sector's current risk management practices and the supervisory response to climate-related financial risks
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  • 26
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Public Expenditure Review
    Keywords: Access and Equity in Basic Education ; Bhutan ; Domestic Revenue Administration ; Early Childhood Development ; Finance and Financial Sector Development ; Fiscal Policy ; Macroeconomics and Economic Growth ; Public Expenditure Management
    Abstract: Despite Bhutan's distinctive geographical and economic challenges, Bhutan has maintained a relatively high average real GDP growth rate of 8.8 percent over FY00-01-FY09-10, which is greater than the average of South Asian countries as well as low and middle-income economies. Bhutan's mountainous topography and dense network of rivers offer vast hydropower potential, which the country has been harnessing since the mid-1980s with the commissioning of the Chhukha Hydropower Project in 1986. However, due to a slower rate of growth of hydropower capacity, real GDP growth in Bhutan declined over the last decade, averaging only 3.5 percent, which was lower than the growth rates of regional peers and middle-income economies. Bhutan maintained a relatively strong fiscal position prior to COVID, but the situation has deteriorated recently. Bhutan's revenue to GDP ratio averaged at around 30 percent of GDP over FY10-11 and FY21-22, supported by revenue from hydropower projects and sizable external grants. However, revenue was on a declining trend that was further exacerbated by the onset of COVID-19. The pandemic necessitated an expansionary fiscal stance and led to delays in the commissioning of new hydropower projects. In the aftermath of the pandemic, despite a rapid phasing out of extraordinary outlays and containment in current expenditures, the government continued to provide fiscal support to boost economic activity by frontloading the 12th Five Year Plan (FYP) covering 2018-2023, resulting in a rise in capital expenditure. Consequently, the fiscal deficit widened from around 2 percent in FY18-19 to 6.7 percent of GDP in FY20-21 and further to 8.4 percent in FY21-22, the highest in over a decade. A Fiscal Sustainability Analysis (FSA) based on the MTMF assumptions indicates that fiscal consolidation is critical to ensure fiscal sustainability. The fiscal situation significantly worsens if capital expenditures are maintained at current levels of 18.1 percent of GDP rather than reducing them to 10.2 percent in the medium term as assumed in the MTMF. The fiscal outlook depends crucially on the commissioning dates of the hydropower projects. Bhutan needs to prepare for contingent scenarios and create fiscal buffers that could protect the country from negative shocks
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  • 27
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Analysis
    Keywords: Access and Equity in Basic Education ; Access To Education ; Agriculture ; Climate Change Impact ; Covid-19 Impact ; Education ; Food Security ; Health Service Management and Delivery ; Health, Nutrition and Population ; Human Capital Accumulation and Utilization ; Inclusive Development ; Long-Term Economic Growth ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: This report is undertaken as a part of the Human Capital Project (HCP), a globalinitiative of the World Bank Group that aims to increase governments' awarenessof the importance of investing in people (World Bank date of publication not identifiedb). One of the maincomponents of the HCP is a cross-country metric--the Human Capital Index (HCI). The HCI estimates the amount of human capital a child born today can expect to accumulate by the age of 18, thus highlighting how current health and education outcomes shape the work productivity of the next generation. Moreover, given the cumulative nature of human capital, the HCI has clear milestones across the entire human life cycle: at birth, children need to survive; during childhood, they need to be well-nourished; at school age, they must complete all schooling and active adequate learning levels; and in adulthood, they need to stay in good health. Finally, the HCI includes a result: a score that ranges from 0 to 1. A country where an average child has virtually no risk of being stunted or dying before age five, receives high-quality education, and becomes a healthy adult, would have an HCI close to 1. Conversely, when the risk of being ill-nourished or prematurely dying is high, access to education is limited, and the quality of learning is low, the HCI would approach zero
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  • 28
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Social Analysis
    Keywords: Acceleration ; Human Capital ; Life Cycle ; Multisectoral Framework ; Policies ; Social Assessment ; Social Development ; Social Protections and Labor
    Abstract: South Africa's economic growth and development agenda and to present a harmonized approach for investing in priority areas for human capital formation. The policy note first presents an in-depth diagnostic of the status of human capital in the country, applying a life cycle approach. The life cycle approach places a strong emphasis on investing in human capital development holistically, involving all relevant sectors, and as a continuum, following the trajectory of an individual's life. Focus is given to three critical stages of an individual's life, (i) early childhood; (ii) school age; and (iii) youth to adulthood. Based on the findings of the analysis, the policy note identifies the priority challenges and proposes a framework for action. The findings of this policy note aim to serve as a basis for a much-needed dialogue across key relevant government entities, including sector departments such as the Department of Health, the Department of Basic Education, the Department of Higher Education and Training, Department of Social Development, and others, such as National Treasury, Department of Planning, Monitoring and Evaluation, the Office of the Presidency as well as provincial government departments, on how best to invest in human capital, both in the short and medium-to-long term. The note could also be used to inform a range of stakeholders, including civil society, development partners, and the private sector of the human capital development challenges in South Africa and how certain gaps could be addressed through better coordination of interventions. Lastly, the note aims to motivate further research on key areas where there are information and knowledge gaps on human capital in South Africa
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  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Attitudes ; Development Economics and Aid Effectiveness ; Effectiveness ; Governance ; International Governmental Organizations ; Macroeconomics and Economic Growth ; Participations and Civic Engagement ; Social Development ; Stakeholder Engagement ; World Bank Group Knowledge ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Mongolia assists the World Bank Group (WBG) in better understanding how stakeholders in Mongolia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Mongolia on 1) their views regarding the general environment in Mongolia; 2) their overall attitudes toward the WBG in Mongolia; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Mongolia; and 4) their perceptions of the WBG's future role in Mongolia
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  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Attitudes ; Development Economics and Aid Effectiveness ; Effectiveness ; Governance ; International Governmental Organizations ; Macroeconomics and Economic Growth ; Participations and Civic Engagement ; Social Development ; Stakeholder Engagement ; World Bank Group Knowledge ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Guinea assists the World Bank Group (WBG) in better understanding how stakeholders in Guinea perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Guinea on 1) their views regarding the general environment in Guinea; 2) their overall attitudes toward the WBG in Guinea; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Guinea; and 4) their perceptions of the WBG's future role in Guinea
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  • 31
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Conflict and Fragility ; CPE ; Development Economics and Aid Effectiveness ; Drought and Climate Shocks ; Macroeconomics and Economic Growth ; Mavroeconomic Vulnerabilities ; Unsustainable Development ; Weak Business Environment
    Abstract: The objective of this Country Program Evaluation (CPE) is to assess how well the World Bank Group supported Ethiopia in addressing key challenges that constrained its development and how that support adapted over time to respond to changing circumstances, an evolving relationship, and lessons from experience. The evaluation will cover fiscal years (FY)13-23. The time period is selected to include the last two Bank Group strategies to support Ethiopia and coincides with the period of theprevious two political administrations. The evaluation aims to inform the next Bank Group-supported Country Partnership Framework (CPF) for Ethiopia expected in FY25
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Childcare ; Early Childhood Development ; Education ; Legal Framework ; Policies ; Services Mapping ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: The "Comprehensive Assessment of the Childcare Landscape in Lebanon: A Mixed Methods Study" analyzes the supply and demand of formal childcare services for children aged 0-3. It provides a review of Lebanon's regulatory and institutional framework around childcare, maps out the current supply of services including cost and quality aspects, and deepens the understanding of households' childcare needs. Findings show that there is a mismatch between supply and demand, with a gap in provision for the youngest children and that supply is mostly private, costly, and concentrated in coastal areas. Childcare responsibilities limit women's ability to join the labor force, and affordability is a main constraint for families to access services, resulting in low demand for formal childcare. The study proposes measures for an inclusive expansion of quality and affordable childcare services in four areas: (i) an enabling environment for efficient, affordable provision of quality childcare services, (ii) a more equitable distribution of the unpaid care work burden within the household, (iii) improved State support to address households' care needs, and (iv) inclusive family-friendly workplace conditions in the private sector
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  • 33
    Language: English
    Pages: 1 Online-Ressource (66 pages)
    Parallel Title: Erscheint auch als Hauser, Christina Sarah Tackling Gender Discriminatory Inheritance Law Privately: Lessons from a Survey Experiment in Tunisia
    Keywords: Family Law ; Gender Discrimination ; Gifting ; Inheritance Law ; Poverty Reduction ; Rural Poverty Reduction ; Social Protections and Labor
    Abstract: When reform of gender discriminatory law fails, individual action can offer a second-best solution. As most Muslim-majority countries, Tunisia applies Islamic inheritance law, systematically favoring sons over daughters. By making gifts to their daughter, parents can privately attenuate gender discrimination in inheritance. This study investigates to what extent gifting can represent an alternative to legal reform and for whom. Within a randomized experiment, this study tests whether providing information on public support for inheritance law reform and/or the possibility to make a gift to one's daughter has a causal impact on individual attitudes towards women's right to inheritance. The overall evidence on the effectiveness of the proposed informational treatments to encourage gifting is mixed. However, approval of gifting daughters is high--especially among the wealthy. Men are more likely to gift than women. By contrast, demand for legal reform is significantly higher among women and individuals with low educational attainment. The findings thus suggest that gifting indeed represents an alternative to legal reform; but mostly for a relatively well-off subset of the population, leaving the agency to the traditionally male head of the family
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  • 34
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (43 pages)
    Parallel Title: Erscheint auch als Letta, Marco Climate Immobility Traps: A Household-Level Test
    Keywords: Adaptation ; Adaptation To Climate Change ; Causal Forests ; Climate Change Impacts ; Climate Migration ; Environment ; Finance and Financial Sector Development ; Household Data ; Housing Finance ; Immobility Traps
    Abstract: The complex relationship between climate shocks, migration, and adaptation hampers a rigorous understanding of the heterogeneous mobility outcomes of farm households exposed to climate risk. To unpack this heterogeneity, the analysis combines longitudinal multi-topic household survey data from Nigeria with a causal machine learning approach, tailored to a conceptual framework bridging economic migration theory and the poverty traps literature. The results show that pre-shock asset levels, in situ adaptive capacity, and cumulative shock exposure drive not just the magnitude but also the sign of the impact of agriculture-relevant weather anomalies on the mobility outcomes of farming households. While local adaptation acts as a substitute for migration, the roles played by wealth constraints and repeated shock exposure suggest the presence of climate-induced immobility traps
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  • 35
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Core Principles ; Corruption and Anticorruption Law ; Finance and Financial Sector Development ; Financial Law ; Insurance and Risk Mitigation% ; Integrity Compliance ; Internal Controls ; Law and Development ; Small and Medium Sized Enterprises
    Abstract: Small and medium-sized enterprises, or "SMEs," play a major role in global economic development. This Guide aims to provide SMEs with a useful framework for developing effective Integrity Compliance Programs, or "ICPs," tailored to their own business models, budgets, and risk profiles. It distills prevailing best practices and guidelines from leading national and international institutions. Many SMEs worldwide have collaborated with the World Bank Integrity Compliance Office, or "ICO," to develop creative strategies for devising and implementing ICPs, mitigating the risk of misconduct in their operations, and even more broadly, among their business networks. This Guide describes some of these strategies. It is hoped that this Guide, which explains certain core principles, internal controls, and essential elements of ICPs, will be of real, practical value for SMEs seeking to build a culture of integrity in their businesses and communities
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  • 36
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (42 pages)
    Parallel Title: Erscheint auch als Lall, Somik V A Global Incentive Scheme to Reduce Carbon Emissions
    Keywords: Affordable and Clean Energy ; Carbon Emissions ; Carbon Policy and Trading ; Climate Change Mitigation and Green House Gases ; Environment ; Environmental Economics and Policies ; Global Carbon Incentive ; Global Carbon Reduction Incentive ; Global Warming ; Greenhouse Gas Emissions ; International Finance Institutions ; Life on Land ; Natural Resources Management ; SDG 7 ; Sustainable Development Goals
    Abstract: This paper proposes an objective way of estimating and allocating "differentiated" responsibilities for carbon emissions across countries. These responsibilities translate into specific obligations and incentives for future emission reductions and support for adaptation, mitigation, and development. The proposals in this paper should be seen as a starting point for an informed and productive debate. Under the Global Carbon Reduction Incentive, every country that emits more than the per capita global average pays into a global incentive fund. This annual payment will be calculated based on the "excess" emissions per capita, the country's population, and a dollar amount called the Global Carbon Incentive. Countries below the global per capita average would receive a payout commensurate with their "under-emission." The United States and China are the two biggest emitters and, assuming a Global Carbon Incentive of USD10, they jointly would contribute more than USD70 billion to the fund, from which nations such as India, Nigeria, Pakistan, Bangladesh, and Indonesia would be the major recipients. An important adjustment to the Global Carbon Reduction Incentive is to focus on consumption rather than production--a country should not avoid responsibility for the carbon it consumes by outsourcing production to another country. The proposal considers that countries that have used more of the collective carbon budget have benefited from the associated development and should pay for it. The proposal also considers methane emissions as well as crediting countries for their efforts toward preventing deforestation
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  • 37
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Simbeye, Laban The Role of Firm Dynamics in Aggregate Productivity and Formal Job Flows in Zambia
    Keywords: Employment and Unemployment ; Finance and Financial Sector Development ; Formal Jobs ; Formal Wages ; Industrial Management ; Industry ; Productivity ; Skills Development and Labor Force Training ; Social Protections and Labor ; Structural Transformation ; Wages, Compensation and Benefits
    Abstract: Zambia's private sector must deliver quality jobs at scale to keep up with its expanding working age population, contribute to economic transformation, and reduce poverty. This entails both the creation of high-quality jobs and productivity improvement among existing jobs and firms. This paper analyzes the dynamics of formal firms to identify the drivers and barriers to productivity, formal employment, and formal wage growth in Zambia. Leveraging firm and worker administrative tax data from Zambia, the paper decomposes labor productivity and wage growth among formal firms and workers in Zambia into within-firm, between-firm, inter-sectoral, and dynamic components. The findings show that the aggregate labor productivity of formal firms declined over 2014-21, driven by secular within-firm declines in the non-mining industry and service sectors. By contrast, labor productivity grew in agriculture and remained flat in mining over the same period. Real wage trends for formal workers have mostly mirrored labor productivity dynamics, declining 40-50 percent across non-agriculture sectors but growing slightly in agriculture, largely driven by within-firm shifts rather than between-firm or between-sector dynamics. The declines in labor productivity and wages reflect business environment challenges related to access to finance and electricity, as well as burdensome formal compliance requirements and competition with the informal sector. Within-firm labor productivity challenges also reflect low skills and capacity--including low technology adoption--among both firms and workers
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  • 38
    Language: English
    Pages: 1 Online-Ressource (36 pages)
    Parallel Title: Erscheint auch als Rodriguez, Laura Taxes, Transfers, and Gender: Fiscal Policy Incidence across Fiscal and Care Categories in Jordan
    Keywords: Fiscal and Monetary Policy ; Fiscal Policy ; Gender ; Gender and Economic Policy ; Macroeconomics and Economic Growth ; Poverty ; Poverty Assessment ; Poverty Reduction
    Abstract: Fiscal incidence analysis helps in understanding who contributes to and benefits from the fiscal system, and assessing the impact of fiscal policies in reducing poverty and inequality. Traditionally, the incidence of fiscal policy is assessed for households along the income distribution. In an attempt to tease out the gendered impacts of the fiscal system, this paper instead looks at how much different types of households in Jordan contribute to and benefit from current fiscal policies and the extent to which the fiscal system is helping to equalize post-market outcomes within and across groups. A household typology is constructed for Jordan based on households' demographic characteristics, which not only determine which taxes and transfers a household experiences, but also influence the participation of women in economic activity outside the household because they affect the generation and allocation of care responsibilities. The paper shows that the receipt of in-kind benefits, primarily education, is what drives which groups that receive the largest net benefits from the fiscal system. The results also show that the fiscal system in Jordan is reducing within-group inequalities, which represent over 80 percent of total inequality for both fiscal and care groups. The fiscal system has a limited impact on inequalities across groups, but they are very small
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  • 39
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Climate Action ; Communities and Human Settlements ; Environment ; Environment and Natural Resource Management ; Life on Land ; Migration ; Migration Policies and Jobs ; SDG 13 ; SDG 15
    Abstract: The Dominican Republic (DR) is vulnerable to climate change and has a high rate of natural degradation. The DR shows evidence of significant human mobility flows of (i) internal migration, mainly rural to urban; and (ii) international cross-border migration, especially from Haiti. Given this context, the DR is an important place to study migration induced by the impacts of climate change and natural degradation. In this report, climate migration refers to migration that can be attributed largely to the slow-onset impacts of climate change on livelihoods through natural degradation such us shifts in water availability, crop productivity, ecosystem productivity, or to factors such as sea-level rise. This note builds upon previous studies undertaken regarding climate migration in the DR, and combines a quantitative modeling approach with a qualitative case study
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  • 40
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Crisis ; Sahel ; Shocks ; Social Protection ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: The Sahel region of Africa faces multiple crises, which further compound structural economic and human development challenges. The Sahel is one of the world's poorest regions and displays some of the lowest levels of human capital globally. Violence and insecurity in the Sahel have significantly increased in the past decade, with several countries experiencing active armed conflict and unrest. The impacts of climate change compound existing vulnerabilities and risks. Finally, the external shocks of the COVID-19 pandemic and the war in Ukraine have impacted the Sahel, eroding purchasing power and aggravating poverty. Adaptive Social Protection (ASP) plays a critical role in preventing or mitigating the negative impacts of shocks and boosting resilience for long-term development. ASP has emerged as a flexible and dynamic approach to social protection during the past decade. It combines and exploits synergies between social protection, disaster risk management (DRM), and climate change adaptation. Adaptive Social Protection (ASP) plays a critical role in preventing or mitigating the negative impacts of shocks and boosting resilience for long-term development. The Sahel's vulnerability and exposure to shocks and crises is set to increase with accelerating climate change, calling for a shift from often externally funded, ad hoc responses toward building sustainable, government-led system. Over the past decade, ASP has been on a remarkable trajectory in the Sahel, and this is an appropriate time to take stock of the situation. This report provides an overview of the state of ASP across six Sahelian countries - Burkina Faso, Chad, Mali, Mauritania, Niger, and Senegal - as well as a set of recommendations for actions to strengthen the adaptiveness and responsiveness of existing systems to shocks
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  • 41
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Gender ; Gender and Development ; Gulf Cooperation Council (GCC) ; Macroeconomics and Economic Growth ; Saudi Arabia ; Women ; Women and Labor
    Abstract: The Gulf Cooperation Council (GCC) economies have been a bright spot in an otherwise gloomy economic landscape. Average growthin the GCC surpassed 7 percent in 2022 led by Saudi Arabia, its biggest economy, which was globally the fastest growing large economy. This growth was not just a result of buoyant hydrocarbon prices but also continued growth of non-oil sectors. The latter was the result of persistent structural reforms undertaken by several GCC countries to improve the investment environment, promote flexible labor markets, and encourage women to join the labor market. GCC countries have used the windfall revenues from oil and gas to rebuild their buffers, pay down their debt, and shore-up their sovereign wealth funds. They have also sought to protect their vulnerable populations with continued subsidies on food, fuel, and utilities. Such policies have limited the impact of inflation on the domestic economy. Finally, GCC countries have also used their financial muscle to support economically weaker countries in the region. The stellar growth of 2022 is slowing down and growth is expected to moderate to 1 percent in 2023 before picking up again to 3.6 percent in 2024. The decline in economic activity in 2023 is driven by consecutive production cut decisions by OPEC+ in an effort to stabilize global oil prices. However, non-oil GDP continues its growth trajectory reaching 3.9 percent, resulting weaker integration between oil and non-oil sectors. To maintain this track record, GCC countries will need to continue to exercise prudent macroeconomic management, stay the course with structural reforms, and increase non-oil exports. Downside risks remain and it would be amiss not to mention them. The conflict in the Middle East presents major risks to the region and the GCC outlook if it extends or expands to include other regional players. While it is too early to quantify the impact and channels of the conflict, we already witness a 4 percentsurge in global oil futures. Although China is bouncing back after emerging from tight Covid-19 lockdowns, troubles in the real estate sector could still disrupt this trajectory. Persistent high inflation in the world's major economies has not been entirely vanquishedsuggesting a high interest rate environment for a longer period. Windfall revenues are anticipated as a result of higher oil prices driven by the conflict in the Middle East. However, the extent and duration of the conflict will play a pivotal role in determining economicramifications not only on energy markets but also on regional financial and trade markets and overall economic confidence. The Special Focus section of the report discusses the power of structural reforms and social norms in advancing female labor force participation in Saudi Arabia. Saudi Arabia experienced an unprecedented surge in female labor force participation since 2016 as a result of: (i) changing regulations and the removal of legal barriers, shifting social norms, (ii) the implementation of sound structural reforms and (iii) effective government communications. Saudi Arabia's success in increasing female labor force participation from 17.4 percent in 2017 to 36 percent in 2023 offers important lessons to other countries in the region and the world
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  • 42
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Demand Shortfalls ; Economic Forecasting ; Economic Growth ; Growth ; Inflation ; Investment Shifts ; Macroeconomics and Economic Growth ; Property Sector
    Abstract: Economic activity in China has picked up in 2023, but the recovery remains fragile. Real GDP growth accelerated to 5.2 percent y/y in the first three quarters of 2023, driven by demand for services, resilient manufacturing investment, and public infrastructure stimulus. The initial phase of economic reopening triggered a surge in economic activity in Q1, but growth momentum decelerated rapidly in Q2 before recovering modestly in Q3. The volatile growth performance, compounded by persistent deflationary pressures and still weak consumer confidence, suggests continued fragility in the recovery. China's investment deceleration has been one of the key drivers of the overall growth slowdown in recent years. Together with the decline in aggregate investment growth, there has been a marked shift in the composition of investment. Structural reforms are crucial both to accelerate rebalancing towards higher consumption and to mitigate risks of inefficiencies in capital allocation. Following recent statements by policymakers, a renewed focus on structural reform implementation with specific measures strengthening the rule of law, independent enforcement of regulations, fostering competition, and ensuring a level-playing field could help ensure that resources are allocated to the most productive sectors and firms. Deepening financial sector reform will enhance market-based financial intermediation. Measures to improve the progressivity of the fiscal system, reform the hukou system, and foster inclusive finance will support household consumption growth
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  • 43
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Forecasting ; Economic Growth ; FDI ; Foreign Direct Investment ; FX ; Import Bans ; Improved Welfare ; Inflation ; International Economics and Trade ; Macroeconomics and Economic Growth ; Oil Flows ; Private Sector Credit
    Abstract: Important reform decisions have been taken for Nigeria to avoid a fiscal cliff, and temporary compensation is being provided to help the poorest and most vulnerable households. In May and June 2023, the incoming administration undertook two critical policy decisions, which have resulted in price and exchange rate adjustments in the second half of the year. Targeted cash transfers are helping to cushion the adjustment to higher gasoline prices. On fiscal policy, budget planning for the next several years is consistent with sustaining the fiscal savings from the subsidy reform and mobilizing more revenues. However, the reforms are yet to be completed to fully realize the economic benefits. The FX market has remained volatile and is still in a period of continuing adjustment to the new policy approach. Revenue gains from the FX reform are visible, but more clarity is needed on oil revenues, including the fiscal benefits from the PMS subsidy reform. The economic outlook for Nigeria in the short to medium term hinges on the continuation and effectiveness of its macroeconomic stabilization agenda. Successful implementation of the initiated reforms will be the first step toward improving Nigeria's growth prospect. Moving decisively onto a higher long-term growth and poverty reduction path requires not only a stable macroeconomic environment but also concerted structural reforms
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  • 44
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (35 pages)
    Parallel Title: Erscheint auch als Komatsu, Hitomi Presumptive Tax on Small and Microenterprises with a Gender Lens in Ethiopia
    Keywords: Effective Tax Rate ; Female Entrepreneurs ; Fiscal Policy ; Gender ; Gender and Economics ; Macroeconomics and Economic Growth ; Microenterprises ; Tax ; Taxation and Subsidies
    Abstract: Governments often use simplified business tax systems, such as presumptive tax regimes, to register and tax small and microenterprises. Despite concerns about how such regimes could disproportionately affect female-owned and low-revenue entrepreneurs, there is a lack of empirical analysis examining the tax burden. The presumptive tax in Ethiopia has a complex assessment system, where the tax liabilities are determined according to the activity type and turnover (99 activities and 19 turnover bands), and some activities do not have a tax-free threshold. This paper uses two rounds of data in the Ethiopian Socioeconomic Surveys and the tax code to analyze the equity and gender implications of the presumptive tax on small and microenterprises by imputing the effective tax rates. There are three key findings. First, the effective tax rates are higher for businesses in the lowest quartile at 4.3 percent of turnover compared to 1.5 percent for businesses in the highest quartile, using the most recent survey, resulting in a regressive system. Second, male-owned businesses tend to operate in sectors without a tax-free threshold and are more likely than female-owned businesses to face higher tax rates. Third, the effective tax rates are high for businesses in food and beverage services, which is female-dominated, and for transit services, which is male-dominated, due to the lack of a tax-free threshold for these sectors. The study finds that an alternative presumptive tax system with a single tax rate on turnover and an exemption for all low-revenue businesses would be simpler for tax assessment and more progressive
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  • 45
    Language: English
    Pages: 1 Online-Ressource (57 pages)
    Parallel Title: Erscheint auch als Chen, Yutong Gender-Specific Transportation Costs and Female Time Use: Evidence from India's Pink Slip Program
    Keywords: Difference in Differences Specifications ; Fiscal and Monetary Policy ; Gender ; Labor Supply ; Low Skilled Labor ; Macroeconomics and Economic Growth ; Transportation Cost ; Travel Subsidies ; Unemployed Women ; Women in The Workforce
    Abstract: This paper estimates a synthetic difference-in-differences specification on the roll-out of a program providing free bus transit for women in several Indian states, to examine the impact on women's time allocation and labor supply. Household expenditures on buses fall and women save time on travel. However, there is substantial heterogeneity. Skilled employed women increase labor supply and reduce time on household chores. Low-skilled married women increase time on household activities and reduce labor supply. Unemployed women increase job search with no effect on employment. The findings show that gender roles within households undermine the effect of gender-specific travel subsidies on female labor supply
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  • 46
    Language: English
    Pages: 1 Online-Ressource (43 pages)
    Parallel Title: Erscheint auch als Isser, Deborah H Governance in Sub-Saharan Africa in the 21St Century: Four Trends and an Uncertain Outlook
    Keywords: Centralized Power Arrangements ; Checks and Balances ; Fiscal and Monetary Policy ; Governance Reform ; Governance Trajectory ; Macroeconomics and Economic Growth ; Poverty Reduction ; Social Development ; Social Inclusion and Institutions
    Abstract: What can be learned from the governance trajectory of African countries since the beginning of the 21st century What is the quality of governance on the African continent and how does it shape development The first decade of the millennium saw promising growth and poverty reduction in much of the continent. Yet, Sub-Saharan Africa has also been the stage of a stream of governance reform failures and policy reversals, and many countries continue to suffer from the consequences of poor governance. This paper explores the dynamics of governance reform on the continent over the past two decades and points to four key trends. First, effective state institutions, capable of maintaining peace, fostering growth, and delivering services, have developed unevenly. Second, progress has been made on enhancing the inclusiveness and accountability of institutions, but it remains constrained by the weakness of checks and balances and the persistence of patterns of centralized and exclusive power arrangements. Third, civic capacity has risen considerably, but the inability of institutions to respond to social expectations and political mobilization threatens to turn liberal civic engagement into distrust, populism, and radicalization. Fourth, the combination of these three trends contributes to the rise of political instability, which constitutes a major threat for the continent
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  • 47
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Development Economics and Aid Effectiveness ; Effectiveness ; Macroeconomics and Economic Growth ; Social Accountability ; Social Development ; Stakeholder Engagement ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Fiji assists the World Bank Group (WBG) in better understanding how stakeholders in Fiji perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Fiji on 1) their views regarding the general environment in Fiji; 2) their overall attitudes toward the WBG in Fiji; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Fiji; and 4) their perceptions of the WBG's future role in Fiji
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  • 48
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Demographics and Aging ; Economic Development ; Economic Growth and Planning ; Environment ; Environment and Natural Resource Management ; Human Development and Gender ; Macroeconomics and Economic Growth ; Rural Development ; Rural Development Strategy and Policy ; Urban and Rural Development ; Urban Development ; Urban Economic Development
    Abstract: This report begins with an Executive Summary, which introduces the territorial development approach and the rationale for applying it in Lesotho's development context before going on to summarize key takeaways and recommendations. It is followed by four chapters: chapter 1, Introduction, lays out the country context, presenting in brief Lesotho's economic and demographic situation, population projections, governmental structure, and poverty profile and the government's goals. Chapter 2, territorial development framework and analysis in Lesotho, discusses the territorial development approach, its objectives, and the challenges it aims to address before presenting a customized 2 by 2 territorial framework for Lesotho and explaining how it can be applied. Chapter 3, analyzing Lesotho's Challenges through a Territorial Lens, lays out a spatial analysis centering on four development challenges: economic opportunities, internal connectivity and regional integration, access to basic services, and climate preparedness. To highlight the challenges, the chapter includes 4D heat maps linked to density, distance, disparity, and disaster risk. It also summaries case studies and real-life applications of the territorial development approach in Lesotho. Full case studies are in an annex. Chapter 4, recommendations, covers guiding principles and recommendations based on the territorial development approach and analysis
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  • 49
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Artisanal Coastal Fleet ; Blue Cabotage ; Blue Economy ; Blue Tourism ; Coastal and Marine Environment ; Environment ; Investment Projects ; STP
    Abstract: The Democratic Republic of Sao Tome e Principe (STP) is the smallest independent island state in Africa, having gained independence in 1975, following the Seychelles. STP has a predominantly young population. However, as an island micro-state, the country faces many development problems specific to islands and small countries, such as weak governance capacity, the inability to provide basic services to the population, and a lack of adequate infrastructure (ports, electricity, airports). Additionally, high production and distribution costs of goods and services, including food products, exacerbate the poverty level of the population. The virtually nonexistent corporate structure and undiversified, highly dependent economy make the country vulnerable to exogenous shocks. To address these challenges, STP developed and adopted a Transition Strategy for the Blue Economy in December 2019. This strategy aims to establish the coherence of public policies linked to oceanic resources with the policies of other sectors, such as fisheries and aquaculture, tourism, and energy. The purpose of this paper is to consolidate the analysis of the three investment projects prioritized for inclusion in the National Investment Plan for the Blue Economy. While the report does not imply endorsement of these projects by the World Bank and Food and Agriculture Organization of the United Nations (FAO), its primary objective is to illuminate the drivers of cost and benefit associated with the priorities already identified by the government of Sao Tome e Principe
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  • 50
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation To Climate Change ; Climate Resilient Transport ; Decarbonization ; Environment ; Green Growth ; Infrastructure Economics ; Infrastructure Economics and Finance ; Road and Bridge Infrastructure
    Abstract: At five percent of energy emissions, transport is one of the major contributors to greenhouse gas (GHG) emissions in Indonesia. The rapid growth in vehicle fleet-personal passenger vehicles in particular is driving road transport emissions. Indonesian cities are suffering from severe congestion, air quality issues, and increasing numbers of road accidents and fatalities. Private transport dependence is increasing in Indonesian cities. The growth in Indonesia's urban population has led to a growth in urban area boundaries, suboptimal spatial patterns, and increased travel distances. The availability and quality of public transport is highly deficient and largely left to fragmented unorganized players with old and poorly maintained minivans (angkot). Electric vehicle mobility has been identified as a major prospective area of development for Indonesia. The market response has been timid so far and, despite the government electrification plans, the EV market uptake as a fraction of total vehicle sales is small Large gains in both economic development and climate mitigation benefits are possible through a more structured approach towards urban mobility
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  • 51
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Development Economics and Aid Effectiveness ; Effectiveness ; Financial Aid ; Macroeconomics and Economic Growth ; Social Accountability ; Social Development ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Algeria assists the World Bank Group (WBG) in better understanding how stakeholders in Algeria perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Algeria on 1) their views regarding the general environment in Algeria; 2) their overall attitudes toward the WBG in Algeria; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Algeria; and 4) their perceptions of the WBG's future role in Algeria
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  • 52
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Development Economics and Aid Effectiveness ; Effectiveness ; Financial Aid ; Macroeconomics and Economic Growth ; Social Accountability ; Social Development ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Azerbaijan assists the World Bank Group (WBG) in better understanding how stakeholders in Azerbaijan perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Azerbaijan on 1) their views regarding the general environment in Azerbaijan; 2) their overall attitudes toward the WBG in Azerbaijan; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Azerbaijan; and 4) their perceptions of the WBG's future role in Azerbaijan
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  • 53
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Economic Policy, Institutions and Governance ; Environment ; Environment and Natural Resource Management ; Landscape Management ; Public and Municipal Finance ; Public Sector Development ; Public Sector Management
    Abstract: This guide presents the Landscape Governance Assessment Tool (LGAT) and the Decision Support System (DSS). It is intended for people addressing a variety of problems linked to forested landscapes, such as alleviating rural poverty, restoring degraded lands, meeting national climate commitments, or conserving biodiversity. The LGAT measures the strengths and weaknesses of governance in a forested landscape. Drawing on expert and stakeholder knowledge, the LGAT assesses the quality of governance and produces a summary rating, called the Landscape Governance Index (LGI). The tool can be used at many stages of a project, but it is primarily intended to provide an informed starting point for discussing and designing governance reforms. The DSS component creates a roadmap for reform by identifying priority areas, generating ideas for reform, and analyzing them to arrive at practical ways forward. Overall, the tool identifies reform pathways that have a good chance of making a difference in the landscape. The LGAT score demonstrates the need, while stakeholder and expert involvement in both the measurement and DSS steps shape and garner support for reforms. The DSS analysis screens the reforms to identify those likely to be practical and effective
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  • 54
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Carbon Market ; Climate Change ; Digital Divide ; Environment ; Environment and Natural Resource Management ; ICT Applications ; Information Technology ; Private Sector Development ; Public Expenditure Management ; Public Sector Development
    Abstract: Enterprises in Kenya encompass a diverse and dynamic landscape, representing a crucial driver of economic growth and employment opportunities in the country. Small and medium-sized enterprises (SMEs) play a pivotal role, contributing significantly to the nation's gross domestic product (GDP) and accounting for 90 percent of the labor force. Enterprises must scale their climate action to meet Kenya's climate mitigation and adaptation goals. However, the lack of funding has limited their contribution to the climate agenda. Debt constitutes most of enterprises' funding, but the price of debt remains very high and loan tenors are short. The availability of patient capital, including private equity, is also low. Carbon markets can be an important vehicle to support an enterprise's climate action. Crucially, carbon markets function as a source of non-debt, results-based financing that does not require prior assets or collateral, potentially enabling enterprises in Kenya that struggle to access other sources of climate finance to grow. Despite this potential and the government of Kenya's commitment to scale carbon markets, Kenya's participation in international carbon markets remains concentrated, with most credits issued by a handful of developers. Many enterprises also have limited understanding on how they should develop and monetize carbon credits. The purpose of this guidebook is therefore to provide practical step-by-step guidance to help enterprises navigate the complex and fast-evolving landscape of carbon markets
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  • 55
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Public Sector Study
    Keywords: Civil Registration ; Digital Societies ; Economic Forecasting ; Economic Growth ; Environment ; Governance ; Identification Systems ; Information and Communication Technologies ; Sustainable Development
    Abstract: The World Bank Group's Identification for Development (ID4D) Initiative harnesses global and cross sectoral knowledge, World Bank financing instruments, and partnerships to help countries realize the transformational potential of identification (ID) systems, including civil registration (CR). The aim is to enable all people to exercise their rights and access better services and economic opportunities in line with the Sustainable Development Goals. This is especially important as countries transition to digital economies, digital governments, and digital societies, where inclusive and trusted means of verifying identity are essential to ensure accessibility and data protection
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  • 56
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation to Climate Change ; Climate Change ; Economic Growth and Planning ; Environment ; Environment and Natural Resource Management ; Finance and Development ; Finance and Financial Sector Development ; Poverty Reduction
    Abstract: Pakistan is at a critical decision point. While there have been recent important examples of reform progress, economic policies over past years and decades have had overall negative impacts on sustainability, productivity, and investment. As Pakistan has fallen behind its peers, progress with poverty reduction has ceased. Human development outcomes remain dire, while the benefits of growth have accrued disproportionately to a narrow elite. Amid continued rapid population growth and a youth bulge, a growing number of young Pakistanis are frustrated by the lack of opportunities, with prospects for young women especially bleak. Pakistan is among the countries most impacted by climate change, and recent events, including the 2022 floods, have highlighted the urgent need for investment in climate resilience. The economy is now, again, sustained by a short-term International Monetary Fund (IMF) program, inflation is at record highs, the rupee has depreciated sharply, while foreign exchange reserves remain at uncomfortably low levels. Recent policy measures (including the restoration of exchange rate flexibility, subsidy reforms, and movements towards fiscal constraint) have supported economic stabilization, but the underpinning drivers of Pakistan's economic fragility remain to be addressed. This note presents critical policy shifts required to move beyond the current low equilibrium towards sustainable and inclusive economic development and poverty reduction. This note summarizes the accompanying series of policy notes. It: (i) outlines Pakistan's current development challenge; (ii) identifies the critical constraints to faster development progress; (iii) describes the major policy shifts that will be required to address current constraints; and (iv) presents broad principles to guide implementation of required reforms
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  • 57
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Study
    Keywords: Anchoring and Mooring ; Energy ; Energy Resources Development ; Energy Yield ; Environment ; Environment and Energy Efficiency ; Floating Solar Photovoltaics ; FSPV Ecosystem ; HSE ; Inverter ; Power Plants
    Abstract: This report builds a compelling case for India to look beyond land and institute an ecosystem that supports the installation and operationalization of floating solar photovoltaics (FSPV) power plants. Since these plants are installed on the underutilized surfaces of large water bodies, no land needs to be diverted from other uses. The installation of FSPVs also spurs job creation and catalyzes the development of a domestic value chain as some of the components, such as floaters, need to bemanufactured close to installation sites. They also provide a range of other benefits as they generate relatively more power than ground-mounted solar plants (due to the cooling effect of water) and better utilize shared infrastructure such as transmission systems, wherever available
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  • 58
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Equity ; Fiscal and Monetary Policy ; Fiscal Interventions ; Fiscal Policy ; Macroeconomics and Economic Growth ; Policy Reforms
    Abstract: The Lao People's Democratic Republic (Laos) is facing economic challenges. The country is experiencing a growth slowdown with high levels of public debt. Growing current expenditure and debt service obligations amid sluggish tax revenue led to a widening fiscal deficit in the early 2010s, which remained high into the 2020s despite fiscal consolidation efforts. COVID-19 and deteriorating macroeconomic conditions have disrupted human capital investment and are expected to have worsened the incidence of poverty and inequality. Fiscal policy can be an instrument to address these challenges, but its role has been constrained by a precarious fiscal position. This report analyzes the distributive effects of the Lao fiscal system and potential reforms to address current economic challenges. The analysis adopts the Commitment to Equity (CEQ) methodology to assess the distributional impact of the Lao fiscal system on household welfare. The methodology disaggregates income to include or exclude fiscal interventions to analyze the impact of the fiscal system and each intervention on poverty and inequality. Fiscal interventions can be classified into three categories according to how they are imposed on households: direct interventions (direct taxes, social security contributions, and cash transfers), indirect interventions (indirect taxes and subsidies), and in-kind interventions (public health and education). The framework assesses how progressive a fiscal system and each fiscal intervention are and measures their impacts on poverty and inequality
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  • 59
    Language: English
    Pages: 1 Online-Ressource (43 pages)
    Parallel Title: Erscheint auch als Fietz, Katharina Exit Patterns from Brazil's Bolsa Familia and the Role of the Local Labor Market
    Keywords: Bolsa Familia ; Conditional Cash Transfer ; Dynamic Means-Tested Cash Transfer ; Labor Market ; Poverty Reduction ; Rural Workers ; Social Protection Program Graduation ; Social Protections and Labor
    Abstract: Can rising tides in the labor market lift the poor out of social assistance Although a substantial literature has studied the capacity of safety nets to expand automatically during labor market shocks, less is known about the dynamics of social assistance when labor market conditions improve, and who may benefit from positive changes. This paper studies how rising formal employment at the municipal level affects the likelihood of beneficiary families to exit Bolsa Familia, Brazil's dynamic means-tested cash transfer. The analysis exploits panel data from Brazil's vast social registry, matched with seven years of Bolsa Familia payroll information and formal employment records. The data reveal that the Bolsa Familia program displays significant and heterogeneous dynamism, with beneficiaries with higher levels of education and fewer constraints to labor supply taking fewer years to exit. The analysis then uses fixed-effects estimates, combined with an instrumental variable approach, to identify the effects of exogenous changes in the local labor market on exits. The findings show that the increase in local employment leads to a small, statistically significant rise in the probability of exiting from Bolsa Familia. These effects are concentrated in households with spare labor supply and those with medium levels of education
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  • 60
    Language: English
    Pages: 1 Online-Ressource (59 pages)
    Parallel Title: Erscheint auch als Robayo, Monica Reassessing Welfare Impacts of Bulgarian Fiscal Policy through a Child Poverty Perspective
    Keywords: Child Poverty ; Commitment To Equity (CEQ) Model ; Covid-19 Pandemic Impact on Child Poverty ; Fiscal and Monetary Policy ; Fiscal Incidence ; Fiscal Policy ; Living Standards ; Macroeconomics and Economic Growth ; Poverty Reduction ; Social Development ; Social Spending ; Taxation
    Abstract: This paper delves into Bulgaria's persistent issue of child poverty, even amidst policy efforts at the European Union (EU) and national levels. The study updates a comprehensive fiscal incidence analysis using the Commitment to Equity (CEQ) model, considering COVID-19's impact and a child-focused perspective, and simulates child-related policy interventions' effectiveness in alleviating child poverty. Our results show that Bulgaria's fiscal system has a limited impact on the overall at-risk of poverty rate, though it shows potential in reducing poverty for lower income deciles. Bulgaria's fiscal system reduces inequality compared to other countries with similar income levels, primarily driven by the substantial influence of direct transfers, education, and health allocations. Nevertheless, the redistributive effect of direct taxes and transfers remains comparatively modest within Europe. The study emphasizes the progressive nature of Bulgaria's fiscal components, benefiting the poorest through social benefits. When applying a child lens, our results show that fiscal policy is not very effective in addressing child poverty, as it reduces it by just 0.3 percentage points. However, means-tested programs targeting families and children play a significant role in mitigating child poverty. This research also underscores that specific households in Bulgaria face heightened vulnerability and may not receive optimal support from fiscal measures, including households with three or more children and lone-parent households, especially those headed by lone females. Microsimulation results suggest that enhancing child tax deductions among low-income earners and refining the design of child benefits to improve targeting effectiveness and generosity can notably contribute to child poverty reduction. The paper offers insights into more equitable policy design in Bulgaria's pursuit of combating child poverty
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  • 61
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Attitudes ; Development Economics and Aid Effectiveness ; Effectiveness ; Governance ; International Governmental Organizations ; Macroeconomics and Economic Growth ; Participations and Civic Engagement ; Social Development ; Stakeholder Engagement ; World Bank Group Knowledge ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Serbia assists the World Bank Group (WBG) in better understanding how stakeholders in Serbia perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Serbia on 1) their views regarding the general environment in Serbia; 2) their overall attitudes toward the WBG in Serbia; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Serbia; and 4) their perceptions of the WBG's future role in Serbia
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  • 62
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Attitudes ; Development Economics and Aid Effectiveness ; Effectiveness ; Governance ; International Governmental Organizations ; Macroeconomics and Economic Growth ; Participations and Civic Engagement ; Social Development ; Stakeholder Engagement ; World Bank Group Knowledge ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Jamaica assists the World Bank Group (WBG) in better understanding how stakeholders in Jamaica perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Jamaica on 1) their views regarding the general environment in Jamaica; 2) their overall attitudes toward the WBG in Jamaica; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Jamaica; and 4) their perceptions of the WBG's future role in Jamaica
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  • 63
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Legal and Judicial Sector Assessment
    Keywords: Access To Justice ; Cameroon ; Data Gap ; Ethiopia ; Gender and Marital Gaps ; Law and Development ; Legal Reform ; Legal System ; Sierra Leone ; Social Protections and Assistance ; Social Protections and Labor ; Zanzibar
    Abstract: Limited access to justice is a root cause of underdevelopment, social unrest, and conflict. Expanding access to all and especially vulnerable groups including women, the young, small business owners and the poor is clearly paramount for a peaceful and prosperous continent. Justice means different things to different people, particularly the multiple actors who design and administer justice systems and affect the outcomes. Elected leaders eager to respect aspirations for a fair society with human rights and accountable governance. Judges, lawyers, and service providers view justice as a moral duty to guarantee fairness before the law. Business leaders look to courts to resolve contract disputes and keep transaction costs and risks low. Yet the voices of vulnerable groups, who are the most impacted when justice fails, are not often heard in discussions regarding justice systems. This book aims to boost knowledge and improve decision making by exploring the perspectives of what justice means to the most vulnerable people and how to improve their access to justice
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  • 64
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: CEMAC ; Country Level ; Economic Forecasting ; Economic Outlook ; Macroeconomics and Economic Growth
    Abstract: The CEMAC Economic Barometer is a World Bank publication that presents a snapshot of recent developments in and the economic outlook of the CEMAC region, followed by a brief assessment at the country level. The Economic Barometer also includes a focused technical section on a theme of regional relevance. This edition's special topic provides policy options for the CEMAC countries to take better advantage of future commodity price booms
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  • 65
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Financial Sector ; Fiscal and Monetary Policy ; Food Security ; Inflation ; Macroeconomics and Economic Growth ; Monetary Policy ; Real Sector
    Abstract: Notwithstanding slower global growth and lingering impacts of recent catastrophic floods, private sector activity, outside the oil sector, has been supported by a relative return to peace, and higher government spending. Nevertheless, the economy is estimated to have contracted by 0.4 percent in FY23/24, reflecting drags from oil production. Supported by a successful exchange rate liberalization, inflation averaged -3.2 percent in 2022 and around 3 percent in the first nine months of 2023. Monetary policy has tightened in recent months, but it remains imperative that the central bank refrain from financing the fiscal deficit. The FY23/24 budget projects a smaller financing gap of about 13 percent of budget expenditures comparedto previous years. However, financing vulnerabilities remain high because of limited fiscal and external liquidity buffers and limited debt-carrying capacity
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  • 66
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Employment and Labor Market ; Expanded Coverage ; Social Protection ; Social Protections and Assistance ; Social Protections and Labor ; Western Balkans
    Abstract: Reforming social protection systems has become more important recently due to various global crises, drawing attention to this unfinished agenda in the Western Balkans. The six Western Balkan countries, Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia, need social protection more than ever. Millions of people in the region remain vulnerable to a range of well-known risks, with shocks and new sources of vulnerability exacerbating the urgency of reform. These countries are taking steps to improve their social protection systems to make them fairer, more sustainable, more effective, and better able to respond to people's needs. However, progress is slow and uneven. Social protection systems across the Western Balkans are comprehensive and complex, spanning multiple objectives. To reduce poverty and vulnerability, reforms are necessary, and governments should focus on four main areas: (i) establishing strong foundations for social protection systems to better respond to crises; (ii) expanding coverage and effectiveness of poverty-targeted programs to improve inclusion and support for vulnerable populations; (iii) facilitating access to better employment opportunities and promoting labor market inclusion; and (iv) ensuring the financial sustainability of social protection programs for long-term effectiveness
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  • 67
    Language: English
    Pages: 1 Online-Ressource (37 pages)
    Parallel Title: Erscheint auch als Ambel, Alemayehu A Does Unequal Tax Burden Contribute to Women-Owned Businesses Leaving the Tax Net?
    Keywords: Effective Tax Rate ; Fiscal Adjustment ; Fiscal Policy ; Gender ; Gender and Economics ; Gender Gap ; Macroeconomics and Economic Growth ; Women and Tax ; Women Run Businesses
    Abstract: This study investigates gender disparities in the tax burden in Addis Ababa, Ethiopia, using data on 2,320 taxpayers for 2011 and 2012. A quantile regression analysis is employed to control for firm characteristics such as sector, size, and age. The results show that women-owned businesses are more likely to operate in low-profit sectors and report lower sales and tax liabilities than men-owned businesses. However, women-owned businesses pay as much as men-owned businesses in taxes, suggesting that they are subject to a higher effective tax rate. This, in turn, may lead to women-owned businesses exiting the tax net at a higher rate. These findings suggest that gender disparities in tax compliance are not simply due to differences in firm characteristics but may also be due to biases in tax declaration and enforcement processes
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  • 68
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Energy Study
    Keywords: Adaptation to Climate Change ; Decarbonization ; Energy ; Energy Transition ; Environment ; Gas Security ; Renewable Energy ; Urban Development
    Abstract: Since February 2022, geopolitical events have made clear Europe's need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets. It caused a significant increase in prices of electricity and heating services for consumers across the continent. With Europe's high reliance on imported natural gas, reestablishing energy security is a paramount objective. But how security can be achieved is subject to many uncertainties. Although Central Asia is not as dependent on gas imports as other parts of the World Bank's Europe and Central Asia (ECA) region, it has not been spared an energy crisis. Chronic underinvestment and the harshest winter conditions in decades resulted in significant blackouts in power and heating during the winter of 2022/23. -- This report analyzes the implications of the 2022/2023 energy crises over the short and long term, observing possible energy scenarios through 2060 in the Bank's ECA region and examining three key questions: -- What is the state of energy security in ECA in the wake of recent geopolitical events? -- What will it take to decarbonize the ECA energy system? -- What are the main uncertainties?
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  • 69
    Language: English
    Pages: 1 Online-Ressource (78 pages)
    Parallel Title: Erscheint auch als Dang, Hai-Anh Using Survey-to-Survey Imputation to Fill Poverty Data Gaps at a Low Cost: Evidence from a Randomized Survey Experiment
    Keywords: Consumption ; Household Surveys ; Information and Communication Technologies ; Macroeconomics and Economic Growth ; Poverty ; Poverty Diagnostics ; Poverty Reduction ; Survey-To-Survey Imputation
    Abstract: Survey data on household consumption are often unavailable or incomparable over time in many low- and middle-income countries. Based on a unique randomized survey experiment implemented in Tanzania, this study offers new and rigorous evidence demonstrating that survey-to-survey imputation can fill consumption data gaps and provide low-cost and reliable poverty estimates. Basic imputation models featuring utility expenditures, together with a modest set of predictors on demographics, employment, household assets, and housing, yield accurate predictions. Imputation accuracy is robust to varying the survey questionnaire length, the choice of base surveys for estimating the imputation model, different poverty lines, and alternative (quarterly or monthly) Consumer Price Index deflators. The proposed approach to imputation also performs better than multiple imputation and a range of machine learning techniques. In the case of a target survey with modified (shortened or aggregated) food or non-food consumption modules, imputation models including food or non-food consumption as predictors do well only if the distributions of the predictors are standardized vis-a-vis the base survey. For the best-performing models to reach acceptable levels of accuracy, the minimum required sample size should be 1,000 for both the base and target surveys. The discussion expands on the implications of the findings for the design of future surveys
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  • 70
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Business Environment ; E-Government ; Economic Growth and Planning ; Environment and Natural Resource Management ; Governance ; Innovation and Technology Privacy ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: The Chinese government has a long-standing commitment to business environment and digital government reforms. China's online government-to-business (G2B) services have enhanced public service efficiency, accessibility, and transparency, creating a more favorable business environment. This note features a case study of the all-in-one online government service platform developed in Zhejiang Province, a subnational leader in promoting e-government and business environment reforms. Following general national guidelines, Zhejiang has been a leader in exploring innovations to promote digital government development and business environment reforms. Its reforms both demonstrate the effectiveness of a proactive approach to leveraging digital technologies for administrative efficiency and an improved user experience and highlight the positive impacts on the business environment
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  • 71
    Language: English
    Pages: 1 Online-Ressource (45 pages)
    Parallel Title: Erscheint auch als Di Maio, Michele News Sentiment in Destination Countries and Migration Choices: Evidence from Libya
    Keywords: Communities and Human Settlements ; Human Migrations and Resettlements ; Labor Markets ; Migration ; News Sentiment ; Social Protections and Labor
    Abstract: Changes in the sentiment of migration-related news published in destination countries affect the timing of migrants' journeys to these countries. Using geo-localized data on migrants in Libya and the complete record of news articles in their country of destination, this paper shows that a worsening news sentiment leads to migrants staying longer in Libya, slowing down their journeys to their final destinations. The paper validates these results by showing that the effect is concentrated in locations with internet connections. The results indicate that changes in news sentiment have a significant impact only for some groups of migrants and under specific conditions, suggesting a limited effect on overall migrant movements. Finally, the paper provides suggestive evidence that a worsening news sentiment in the preferred destination induces substitution across destination countries, yet it does not make migrants return to their country of origin
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  • 72
    Language: English
    Pages: 1 Online-Ressource (32 pages)
    Parallel Title: Erscheint auch als Fernandez, Jaime Reconstructing 2010-2022 Poverty and Inequality Trends in Bangladesh: A Statistical Matching Approach
    Keywords: Econometrics ; Income ; Inequality ; Lasso ; Macroeconomics and Economic Growth ; Poverty Assessment ; Poverty Measurement ; Poverty Reduction ; Poverty Trends ; Statistical Matching
    Abstract: The 2022 Household Income and Expenditure Survey enhances fieldwork, data management, and information quality but poses comparability challenges with previous rounds. This study proposes a two-step process based on statistical matching to fill the information gap in previous survey rounds. This methodology uses the more comprehensive 2022 information to reconstruct comparable consumption measures over time. This allows for a consistent assessment of poverty and inequality measures, providing insights into the changes for policy makers, researchers, and stakeholders over the years. The results reveal that integrating this correction into previous survey rounds would have reduced poverty rates by around 10.6 percentage points between 2010 and 2016 and a further decrease of 7.8 percentage points between 2016 and 2022. Likewise, extreme poverty rates would have witnessed a decline of approximately 3 percentage points in the earlier period and a more substantial drop of 3.6 percentage points in the more recent one. These poverty reduction trends mirror improvements in other dimensions of well-being, like reductions in infant mortality and stunting and increases in access to electricity, sanitary toilets, and literacy rates
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  • 73
    Language: English
    Pages: 1 Online-Ressource (56 pages)
    Parallel Title: Erscheint auch als Feriga, Moustafa Amgad Moustafa Ahmed Moustafa The Impact of Climate Change on Work: Lessons for Developing Countries
    Keywords: Climate Change ; Climate Change and Labor ; Environment ; Labor Demand ; Labor Supply ; Productivity
    Abstract: What is the impact of climate change on labor Reviewing the evidence, this paper finds five areas of potential impact. Climate change may have an immediate effect on labor demand, labor supply and time allocation, on-the-job productivity, and income and vulnerability among the self-employed. In the medium term, climate change may lead to a reallocation of labor across economic activities and across space. Impact estimates typically rely on fixed effect estimation. These estimates require care when interpreted as they typically reflect the short-term direct impact of past events and abstract from potential adaptation. The paper discusses emerging work trying to address this, analyzing the responses by firms, farms, households, and workers. Together, the existing evidence points toward six potential areas of government response. Potential labor policies include green jobs, green skills, labor-oriented adaptation, flexible work regulation, labor market integration, and social protection. The paper concludes by setting out avenues for future research in this field
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  • 74
    Language: English
    Pages: 1 Online-Ressource (32 pages)
    Parallel Title: Erscheint auch als Canavire Bacarreza, Gustavo Fiscal Incidence on the Island: Grenada's Fiscal System and Its Incidence
    Keywords: Consumption ; Fiscal Incidence ; Fiscal Policy Interventions ; Inequality ; Living Standards ; Macroeconomics and Economic Growth ; Poverty ; Poverty Reduction ; Public Expenditure ; Public Revenue ; Social Transfers ; Tax ; Taxation and Subsidies
    Abstract: This paper examines the distributional effects of fiscal policy in Grenada. Using data from the 2017-18 Living Conditions and Household Budgets Survey and following the Commitment to Equity analysis framework, the paper estimates the effects of fiscal policy interventions on inequality and poverty. It analyzes the distributional incidence of direct and indirect taxes, direct transfers provided by social transfers and school feeding programs, and in-kind transfers generated by public services in health and education. The results show that Grenada has a tax system that is neutral on the value-added tax side and progressive on the personal income tax side. Furthermore, direct transfers make a modest contribution to poverty reduction and are almost neutral in their distributive impact. The results contribute to the understanding of who bears the burden of taxation and benefits from transfers and of how Grenada's fiscal system can improve its redistributive effect
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  • 75
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Economic Growth ; Fiscal Measures ; Innovative Entrepreneurship ; Labor Market ; Macroeconomics and Economic Growth ; Real and Intellectual Property Law ; SDG 8 ; Social Protections and Labor ; Tax Law
    Abstract: Viet Nam's economy slowed sharply in 2023, with three key drivers of growth -- exports, consumption, and private domestic investment -- is losing momentum. On the production side, the slowdown was led by industrial production. In the first quarter of 2024, the economy registered 5.66 percent (y/y) growth, mostly driven by the low base effect in exports, with consumption and investment recovering more gradually. Employment growth slowed and real average monthly incomes stagnated. Viet Nam's external position improved in 2023, underpinned by a large current account surplus. Viet Nam needs to increase domestic private sector productivity to realize its ambitious target of becoming a high-income country by 2045, and innovative entrepreneurship is essential to drive this growth. Improving the conditions for entry and growth of innovative startups, through development of a conducive entrepreneurial ecosystem, can help build a pipeline of highly productive firms in new and established sectors
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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
    Keywords: Adolescent Health ; Affordable and Clean Energy ; Circular Business Models ; Climate Sustainability ; Economic Sustainability ; Energy ; Environment ; Family Planning Research ; Gender and Health ; Life on Land ; Power Systems ; Reproductive Health ; SDG 7 ; Vanadium
    Abstract: This report examines the potential of circular business models for vanadium, focusing on the leasing model for Vanadium Redox Flow Batteries (VRFB). VRFBs are posited to become increasingly significant in the decarbonization of power systems due to their unique attributes as a grid-scale energy storage solution--characterized by long duration, modularity, and site independence. While the report does not delve into the technological advancements or energy-specific applications of VRFBs, it does underscore their economic and climate sustainability benefits. Additionally, the report discusses how innovative business models, particularly leasing, can overcome the challenge of high initial costs and promote broader adoption of VRFBs. The leasing model is presented as one of several feasible strategies to facilitate the deployment of VRFBs in the energy storage market
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  • 77
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Mobility and Transport Connectivity
    Keywords: Economic Growth ; Environment ; Finance and Development ; Infrastructure and Growth ; Public and Municipal Finance ; Rural Development ; Transport and Growth ; Urban Development
    Abstract: Transport is quickly evolving, adapting, shaping, and being shaped by global megatrends, promoting energy efficiency and environmental quality. The transportation system enables access to essential services and job opportunities and facilitates the production, trade, and distribution of goods. The transportation infrastructure and services that utilize it are vital to economic prosperity and social wellbeing, and sustainable and smart mobility is an essential ingredient to achieve poverty reduction and shared prosperity. Historically, rapid expansion of the transportation network has been associated with economic growth and social development; however, it is now widely recognized that infrastructure expansion alone is not sufficient to address contemporary transportation and mobility problems. Equally important is the need to utilize the existing system more efficiently and enable a wide array of mobility solutions and innovative approaches that meet increasingly diverse needs in varying environments. Given increasing levels of congestion, road crash, local air pollution, energy consumption and greenhouse gas emissions, it is imperative to find a smarter path for future development. To many policy makers and practitioners, technological innovations are the key enablers of such transformation
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  • 78
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Poverty Study
    Keywords: Debt Indicators ; Developing Countries ; Economic Growth ; Fiscal Indicators ; GDP ; Inflation ; Living Standards ; Macroeconomics and Economic Growth ; No Poverty ; Poverty Indicators ; Poverty Reduction ; Public Sector Development ; SDG 1
    Abstract: This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Europe and Central Asia region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as primary school enrollment, life expectancy at birth, total greenhouse gas emissions and inflation, among others, are included for each country. In addition to the World Bank's most recent forecasts, key conditions and challenges, recent developments and outlook are briefly described for each country in the region
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  • 79
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (18 pages)
    Parallel Title: Erscheint auch als Mohieldin, Mahmoud Could Digital Inclusion Close the Gender Economic Gap in the MENA Region?
    Keywords: Access and Connectivity ; Connectivity and Gender Equity ; Digital Divide ; Equitable Development ; Female Labor Market ; Gender ; Gender and Economic Empowerment ; Gender and Economics ; Gender and Law ; Information and Communication Technologies ; Internet Access ; Labor Markets ; Social Protections and Labor
    Abstract: Closing the gender digital divide by ensuring equal access to and benefit of the internet may reduce economic inequalities and close the gender gap in employment by providing new economic opportunities and facilitating access to market information. This paper estimates the impact of digital inclusion, measured by the Inclusive Internet Index on the female-to-male labor force participation ratio, while controlling for other economic and social factors. Using data from the World Development Indicators, the Economist Intelligence Unit database, and the World Bank's Women, Business and the Law database for 13 countries in the Middle East and North Africa region for four years (2018 to 2021), a pooled cross section dataset is constructed. The model is estimated using generalized least squares to control for heteroskedasticity. The results show that an inclusive internet environment would reduce the gender gap in the labor force. Other key drivers include the structure of the economic growth, norms, and gender roles in the society. These results are relevant for the United Nations Sustainable Development Goals agenda, mainly goals 5 and 10
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  • 80
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Agriculture Study
    Keywords: Agriculture ; E-Government ; Environment ; Environment and Natural Resource Management ; Groundwater Management ; ICT Applications ; Irrigation Development ; Sustainable Land Management ; Water Resources
    Abstract: In major parts of the world, irrigation development has reached its limits in terms of land and water resources, as evident in the alarming overexploitation of groundwater resources and the deterioration of their quality. In other parts, intensification with sustainable and smart irrigation solutions is the most viable way to build climate resilience and combat food insecurity. This report advocates for 1) improving the quality of irrigation services through a combination of better design, adoption of modern technologies, and attuned operation and maintenance and 2) a bold risk-taking approach to irrigation modernization and sustainable expansion based on lessons learned by restoring legitimacy through strong technical, institutional, and economic engagement in reforming the subsector
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  • 81
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Agriculture ; Climate Change ; Environment ; Environment and Natural Resource Management ; Green Growth ; Labor Standards ; Skills Development and Labor Force Training
    Abstract: This paper provides a macro-fiscal overview of Indonesia's progress along four interlinked dimensions of green growth. The first three sections will discuss green growth from the outcomes perspective, while the last section will look at green growth from the policy perspective: (i) carbon use in the growth process; (ii) the impact of carbon use through pollution on human capital; (iii) the consequence of carbon use on national wealth; and (iv) the fiscal policies to support the low-carbon transition. The paper takes stock of Indonesia's progress in decarbonizing growth. It then analyzes the extent to which fiscal policies are aligned with this overall objective
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  • 82
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation to Climate Change ; Environment ; Green Transformation ; International Economics and Trade ; Plastic Substitutes ; Sustainability ; Trade ; Trade Policies ; Trade Policy
    Abstract: Climate change - and efforts to mitigate and adapt to it - will affect global flows of trade and Indonesia's ability to transition to a more environmentally sustainable economy on its path to become a high-income economy is, therefore, interlinked with trade policy. Environmental policy stringency (EPS) is increasing around the globe - a crucial challenge lies in harmonizing these with sustained economic growth, yet both goals can be reached. Although trade flows facilitate emissions, they are also a critical part of the solution, including through trade in environmental goods (EGs) and plastic substitutes - with important economic spillovers. This report provides a detailed analysis of the role of trade and trade policy on EGs and plastic substitutes in Indonesia's green transition. Chapter one describes the need for, and urgency of, this transition, by looking at the carbon intensity of Indonesia's trade, the impacts of environmental policies of Indonesia and key trading partners, and the roles of EGs. Chapter two examines where Indonesia stands on the level of trade in EGs and plastic substitutes and the competitiveness of EGs trade. Chapter three explores trade agreements and tariffs and simulates potential impacts of tariff reforms - including through multilateral actions. Chapter four examines what non-tariff measures (NTMs) apply on the products including inputs of firms exporting EGs and assesses which NTMs may be costly. Finally, chapter five concludes with policy recommendations
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  • 83
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Cyclonic Storm ; Environment ; Grade Methodology ; Natural Disasters ; Rakhine State ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: Extremely severe cyclonic storm Mocha made landfall as a Category 4-equivalent cyclone in the Saffir-Simpson hurricane wind scale on Sunday May 14, 2023, at 07:07 UTC (14:07 local time) around Sittwe city, the capital of Rakhine State, Myanmar. Given the fragile and conflict-affected situation with limited access in Myanmar, the World Bank has adopted the Global RApid post-disaster Damage Estimation (GRADE) methodology to estimate damages arising from Cyclone Mocha. GRADE is a remote, desktop analysis to estimate damage to capital stock. This report summarizes the results of the GRADE conducted to assess damages following the impact of Extremely severe cyclonic storm Mocha in Myanmar during May 2023
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  • 84
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Carbon Pricing ; Economic Forecasting ; Economic Growth ; Energy ; Energy and Economic Development ; Energy Prices ; Growth and Real Sector ; Inflation ; Macroeconomics and Economic Growth
    Abstract: The twin shocks of the pandemic and weak global trade has particularly impacted Thailand due to the country's position as a trade and tourism hub. Thailand's tourism arrivals reached only 75 percent of pre-pandemic levels in September despite the ongoing growth in global services trade. Visitor numbers increased across the board, except for China and Japan which are experiencing economic slowdown. The economic recovery faltered due to global headwinds as growth fell to 1.5 percent year-on-year in 2023 Q3, well below expectations. Thailand has implemented a range of policies to reduce greenhouse gas emissions and has taken the first steps to implementing comprehensive carbon pricing. This report explores some of the complexities involved in implementing carbon pricing. It finds that Thailand has already taken some of the most difficult steps in setting up a comprehensive carbon pricing policy instrument. Important questions remain to be addressed about what form carbon pricing should take in Thailand and which economic sectors should be included in a carbon pricing scheme. The potential benefits from carbon pricing may be substantial. Carbon pricing is likely to play an important role in meeting future emission reduction targets, reducing environmental degradation and air pollution while positioning Thailand as a regional leader in green and sustainable growth
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  • 85
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Adaptation to Climate Change ; Climate Change Adaptation ; Environment ; Mena ; Natural Disasters ; Risk Management
    Abstract: The Algeria Disaster Risk Management Diagnostic was developed as part of World Bank technical assistance to the Algerian government. The diagnostic offers a concise overview of the country's disaster risk profile, delves into the macroeconomic implications of disasters, outlines Algeria's advancements in disaster risk management (DRM), and highlights ongoing challenges within the DRM sector. This report aims to provide a comprehensive analysis of Algeria's DRM sector and identify key priority areas to enhance the country's resilience. This diagnostic was developed through a robust partnership between the World Bank and the National Delegation for Major Risks (DNRM) under the Algerian Ministry of Interior, Local Authorities and Territorial Development (MICLAT) from 2021 to 2023. It represents the culmination of an extensive review of over 500 documents, a comprehensive multi-stakeholder consultation workshop conducted in July 2021, and bilateral interviews held between March and October 2021 with the DNRM and all DRM stakeholders in Algeria. An initial version was completed in November 2021, which was further refined in 2022 and 2023 based on feedback received from Algerian counterparts through additional discussions, email correspondences, and recommendations from World Bank experts
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  • 86
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Equitable Growth, Finance and Institutions Insight
    Keywords: Access To Finance ; ESG Integration ; Finance and Financial Sector Development ; Government Pension Fund ; Investments ; Pension Funds ; Pensions and Retirement Systems ; Social Funds and Pensions ; Social Protections and Labor
    Abstract: This report describes the ESG integration practices at GPF as a practical example of how a pension fund can integrate ESG considerations into its investment practices and processes. The report focuses on the incorporation of ESG issues into our investment analysis and decision-making process. Other elements of responsible investing such as active ownership and ESG disclosure practices whilst also key to GPF's overall approach, are not discussed in detail in this report. The report is a product of technical co-operation between teams from GPF and the World Bank. The report starts by providing some background information on GPF, including its investment philosophy and an overview of ESG investment philosophy before detailing the GPF ESG Score methodology. It then describes how the GPF ESG Score methodology is applied to equity and fixed-income investments, followed by an overview of how GPF ensures that ESG considerations are integrated into the selection, appointment and monitoring of external managers. It concludes with some reflections on the landscape of responsible investment and identifies areas where GPF expects to improve its investment process in the coming years
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  • 87
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Co-Evolutionary Framework ; Diversification ; Economic Growth ; ICT Policy and Strategies ; Information and Communication Technologies ; Macroeconomics and Economic Growth ; Principle Of Relatedness ; Technology-Based
    Abstract: This research examines the diversification process by conceptualizing a co-evolutionary framework linking production and technology. The study applies the framework to retrospectively explain Korea's successful diversification path and to Viet Nam to identify how the country could further diversify into complex and value-added products. The authors apply relatedness analysis leveraging patent and trade data and present four different types of diversification patterns, namely unrelated diversification, production-based diversification, technology-based diversification, and complex diversification. Developed countries including Korea shifted toward technology-based or complex diversification strategies as their economies developed. Using a simulated scenario approach, the report outlines potential future trajectories wherein Viet Nam attains technological capabilities. The result shows that Viet Nam can diversify into 233 products if it accumulates capabilities in the 12 identified technologies. The report concludes with policy lessons that could inform policy makers in Viet Nam as well as other developing economies. Namely, that the country would need to invest more intensively in technology and capabilities upgrading to diversify into new complex products and evolve its diversification strategy alongside its economic growth and capability building process
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  • 88
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Opinion Surveys
    Keywords: Accountability ; Development Economics and Aid Effectiveness ; Effectiveness ; Macroeconomics and Economic Growth ; Social Accountability ; Social Development ; Stakeholder Engagement ; World Bank Group Strategy
    Abstract: The Country Opinion Survey in Mali assists the World Bank Group (WBG) in better understanding how stakeholders in Mali perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Mali on 1) their views regarding the general environment in Mali; 2) their overall attitudes toward the WBG in Mali; 3) overall impressions of the WBG's effectiveness and results, knowledge work and activities, and communication and information sharing in Mali; and 4) their perceptions of the WBG's future role in Mali
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  • 89
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Adaptation To Climate Change ; Economic Growth ; Environment ; Gender ; Gender and Development ; Gender and Law ; Gender Based Violence ; Gender Equality ; Macroeconomics and Economic Growth ; Nonextractive Sectors ; Resilience
    Abstract: Papua New Guinea has abundant resources in the form of oil and mineral wealth. But a complex set of factors, including systemic gender inequality, underinvestment in non-extractive sectors, and fragility compounded by vulnerability to disasters caused by natural hazards act as barriers to sustainable and inclusive growth of the country. This Country Program Evaluation (CPE) report assesses the relevance and effectiveness of World Bank Group support to Papua New Guinea between fiscal year FY08 and FY23. It assesses the Bank Group's development effectiveness in addressing the above three core themes, namely: (i) lack of investment in Papua New Guinea's non-extractive sectors and their poor performance, (ii) the economic exclusion of women and gender-based violence (GBV) issues associated with it, and (iii) unmitigated risks of disaster from natural hazards, and violence, and conflict. The report answers three specific questions. The first explores the extent to which the Bank Group adapted its engagement in line with key constraints, including in relation to development partners, changes in country context, and lessons from experience. The second focuses on the results of Bank Group support and explanatory factors for results under each them, answered by applying a gender lens where relevant. The third question explores the extent to which the Bank Group successfully identified and addressed conflict, violence, and disaster from natural hazards risks. The report offers key lessons to inform the World Bank Group's future engagement with the country: (i) Data gaps need to be addressed to inform sound policy making and effective programming in Papua New Guinea. (ii) Declining governance quality and increasing bilateral aid will require the World Bank to reassess how it supports key policy reforms to achieve development impact, including through using DPOs. (iii) The Bank Group could elevate its impact on gender equality and GBV by shifting from a project-centric approach to a strategic country engagement approach. (iv) The negative effects that compound and interrelated risks pose to achieving development aims need to be addressed more comprehensively
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  • 90
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Keywords: Energy ; Energy Efficiency ; Energy Production and Transportation ; Environment ; Environment and Natural Resource Management ; Finance and Development ; Finance and Financial Sector Development ; Human Development and Gender ; Private Sector Development
    Abstract: In December 2021, the Royal Government of Cambodia (RGC) published Cambodia's Long-Term Strategy for Carbon Neutrality (LTS4CN), which outlines the country's vision in achieving a carbon-neutral economy by 2050. As part of the long-term strategies to achieve net-zero emissions, the RGC set targets for decarbonizing the transportation sector through a combination of measures, including electrifying 70 percent of motorcycles, and 40 percent of cars and urban buses by 2050. It also aims to have 30 percent of mode share by public transport in cities by 2050
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  • 91
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Keywords: CHVA ; Climate and Health ; Climate Change Adaptation ; Climate Change and Health ; Climate Change Impacts ; Environment ; Health Risks ; Health, Nutrition and Population ; Vulnerability
    Abstract: The objective of this Climate and Health Vulnerability Assessment (CHVA) is to assist decision-makers in Colombia with planning effective adaptation measures to deal with climate-related health risks. This assessment includes sub-national considerations for health-related climate action (see Annex A for the methodology). Sub-national considerations are given for Colombia's 32 departments (see Figure 1). It also incorporates data from a Climate and Health Economic Valuation conducted by the World Bank to estimate of the potential economic costs of health impacts arising from projected changes in temperature and precipitation (see Annex B for the methodology). The findings from this CHVA are organized under four sections. Section I characterizes the climatology in Colombia, highlighting observed and projected climate exposures relevant to health. Section II describes key climate-related risks to health, including nutrition and food security, vector-borne diseases (VDBs), water-borne diseases, increasing temperatures, air quality, and zoonotic diseases. Section III analyzes the adaptive capacity and readiness of Colombia's health system to prevent and manage climate-related health risks. Recommendations are discussed in Section IV
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  • 92
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Country Climate and Development Reports (CCDRs)
    Keywords: Adaptation To Climate Change ; Climate Change Adaptation ; Economic Growth ; Environment ; Finance ; Inlcusive Growth ; Macroeconomics and Economic Growth ; Poverty Reduction ; Resilience
    Abstract: This Country Climate and Development Report (CCDR) examines Liberia's development trajectory through the lens of the country's vulnerability to climate change. It identifies Liberia's development risks and opportunities, models various scenarios of climate impact and intervention, and proposes ways to strengthen resilience and finance climate actions that support Liberia's development aspirations of inclusive growth and poverty reduction
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  • 93
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Environmental Study
    Keywords: Carbon Emissions ; Climate Change Mitigation and Green House Gases ; Digitalization ; Energy Footprint ; Environment ; GHG ; ICT Policy and Strategies ; ICT Sector ; Information and Communication Technologies
    Abstract: Digitalization is increasing rapidly worldwide, requiring more energy, and resulting in greenhouse gas (GHG) emissions. According to International Telecommunication Union (ITU) two thirds of the world's population are now online. Estimates of the internet and communication technology (ICT) sector's share of global carbon emissions vary across the literature ranging from 1.5 to 4 percent. Based on the data and estimates in this report at least 1.7 percent of global emissions stem from the ICT sector. Meanwhile, one-third of the world's population, or 2.6 billion people, remain unconnected to the internet. The large majority, about 94 percent, live in low and middle-income countries (LMICs), and less than 20 percent of LMICs have modern data infrastructure, such as co-location data centers and access to cloud computing. Connecting people in these countries will require more infrastructure and devices, which will further increase demand for scarce energy resources and drive emissions even higher if targeted interventions are not implemented. The objective of this report is two-fold. First, the report breaks down the energy and emissions profile of the sector and assesses the 30 highest emitting countries for telecommunications while providing global estimates for other ICT sector segments. The report uses a key framework for categorizing energy use and emissions, the greenhouse gas protocol corporate standard. Second, the report addresses the policy and regulatory implications inferred from this data and the examination of these issues through several country case studies
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  • 94
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation To Climate Change ; Climate Change ; Development Economics and Aid Effectiveness ; Environment ; IDA19 ; Macroeconomics and Economic Growth ; Rating System ; Resilience ; RRS
    Abstract: In response to the growing recognition that measuring inputs, such as climate finance, is not enough to capture the impacts of investments, the World Bank Group developed the Resilience Rating System (RRS). Developed over a two-year, multi-sectoral consultative process through close collaboration with internal and external actors, the RRS methodology aims to guide investment decisions and improve climate resilience in project design and outcomes. The methodology report is publicly available. The RRS evaluates and rates investment projects from C to A+, based on their resilience attributes in two complementary dimensions. The resilience of rating considers a project's design, reflecting the confidence that it will achieve its expected objectives and maximize development benefits in the face of climate and disaster risks. The resilience through rating considers a project's outcomes and reflects its contribution to improving climate resilience in the broader community, sector and systems, and to driving transformational adaptation. Combining the two dimension ratings provides an overall project rating, from CC to A+A+
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  • 95
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Urban Study
    Parallel Title: Erscheint auch als Madagascar urbanization review
    Keywords: Verstädterung ; Stadtentwicklung ; Stadtplanung ; Politische Planung ; Adaptation To Climate Change ; City Development Strategies ; Environment ; Government Capacity ; Integrated Approach ; Sustainable Urban Growth ; Urban Development ; Urban Policies ; Urbanization ; Madagaskar
    Abstract: The Madagascar Urbanization Review aims to: - Contribute to the 2019 National Policy for Urban Development (Politique National de Developpement Urbain), the main policy document outlining the priorities for cities in Madagascar. - Serve as a diagnostic tool to identify the key barriers to sustainable and equitable urban growth in the country - Offer a set of recommended investment priorities and their sequencing, to support governments in making informed decisions on the future development of cities. - Promote an integrated approach to urban development and improve government capacity. - Promote an integrated approach to urban development and improve government capacity. - Help city leaders and national policy makers to: i. Think strategically about the opportunities offered by urbanization; ii. Address key bottlenecks that are holding back the potential benefits of urbanization; iii. Develop plans to address cities' most pressing issues; and iv. Build consensus between the national and local levels to drive the urban policy agenda
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  • 96
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Asean Region ; Informal Waste Workers ; IWW ; Livelihood Models ; Marine Plastic Waste ; Social Protections and Assistance ; Social Protections and Labor ; Vulnerabilities ; Work and Working Conditions
    Abstract: The present study focuses on a particular group of actors along the plastics collection and recycling value chain--informal waste workers (IWWs)--on whom limited information has been collected at the country level. Specifically, the study examines two questions: (i) what is the profile and vulnerabilities of informal waste workers in the three countries including gender-specific vulnerabilities; and (ii) what livelihood opportunities and community-based innovation models have been piloted in the selected countries, and can be used as case study examples in future policies and interventions, with the objectives of reducing vulnerability of IWWs and contributing to improving solid waste management and recycling value chains
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  • 97
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Risk and Vulnerability Assessment
    Keywords: Access To Finance ; CPGA ; Environment ; Finance and Financial Sector Development ; Financial Preparedness ; Natural Disasters ; Primary Response ; Risk ; Social and Livelihood Support ; Social Protections and Assistance ; Social Protections and Labor
    Abstract: Crisis preparedness is cral to preventing shocks from becoming crises. Investments in ex ante preparedness are especially relevant in countries like Nepal that face high levels of exposure and vulnerability to a range of risks. In seeking to identify opportunities to strengthen the Government of Nepal's (GoN's) capacity to prepare for crisis events in an effective and timely manner, this Technical Annex presents findings from the application of the Crisis Preparedness Gap Analysis (CPGA) diagnostic in the country. It provides details on findings and entry points across the five componnts of crisis preparedness. For a summary, please refer to the accompanying CPGA Nepal Briefing Note. Following a brief description of the CPGA methodology, the Technical Annex presents a summary of findings from each CPGA component alongside identification of entry points and opportunities to strengthen crisis preparedness in the country. To provide a holistic assessment of preparedness, the CPGA focuses on five core components of crisis preparedness. These are (i) Legal and Institutional Foundations, (ii) Understanding and Monitoring Risks, (iii) FinancialPreparedness, (iv) Primary Response, and (v) Social and Livelihood Support
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  • 98
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Social Protection Study
    Keywords: Education ; Education For All ; Employment ; Employment and Unemployment ; Human Capital ; Poverty ; Poverty Reduction ; Skills Development and Labor Force Training ; Social Protections and Labor ; UMI Countries
    Abstract: This Human Capital Review aims to provide analytical foundations in the support of policies that improve human capital outcomes for the following four UMI countries in Central America: Costa Rica, Guatemala, Panama, and the Dominican Republic. The objective of this report is to identify the key constraints to human capital growth and understand how education and labor market policies can foster a resilient recovery, promote inclusive growth, and contribute to poverty reduction in these countries. The review also estimates the impact of the COVID-19 pandemic on human capital outcomes using a multi-sectoral approach. The analysis compares human capital outcomes in the decade before the COVID-19 pandemic (2010-2019) against trends during the pandemic (2020-2021). Lastly, the report focuses on these four countries, which are the only UMI in Central America to take advantage of new data collected during the pandemic, which allowed to quantify some of the impacts of COVID-19 and understand some of their long-term implications for human development outcomes
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  • 99
    Language: English
    Pages: 1 Online-Ressource (35 pages)
    Parallel Title: Erscheint auch als Wacker, Konstantin M Leveraging Growth Regressions for Country Analysis
    Keywords: Comparative Country Analysis ; Economic Growth ; Economic Policy ; Growth Econometrics ; Growth Regressions ; Macroeconomic Management ; Macroeconomics and Economic Growth
    Abstract: This paper shows how growth regressions can be useful for analyzing a country's growth performance. Growth regressions describe changes in key macroeconomic variables that countries typically experience during their growth process. Such partial correlations facilitate comparative analysis, can usually be linked to policies, and can hence be informative from a policy perspective. Against this background, the paper introduces a new data set of growth correlates spanning more than 150 countries from 1970 to 2019. Additionally, it presents several econometric reference models and details their application for country-level growth analysis. Two distinct metrics highlight infrastructure and human capital as exhibiting the strongest correlations with growth
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  • 100
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other ESW Reports
    Keywords: Adaptation to Climate Change ; Energy Resources Development ; Financial Reporting System ; Governance ; Governance and Growth ; Governance in Public Sector ; Industry ; Industry, Innovation and Infrastructure ; Macroeconomics and Economic Growth ; Natural Resources Management ; Peace, Justice and Strong Institutions ; SDG 16 ; SDG 9 ; State-Owned Enterprises
    Abstract: This report is part of a World Bank review of state-owned enterprise (SOE) governance practices in the Middle East and North Africa (MENA) region. The focus on governance is motivated by research pointing to good governance as an important precondition for successful and sustainable SOE reform. This report summarizes findings of six SOE governance reviews of Djibouti, Egypt, Jordan, Morocco, Oman, and Tunisia, while also drawing on other regional studies. The six country reports, as well as this cross-cutting report, concentrate on the core dimensions of corporate governance of SOEs as identified in the Organization for Economic Co-operation and Development (OECD) Guidelines for Corporate Governance of SOEs, and the World Bank's Integrated SOE Framework (iSOEF). These include: (i) the legal and regulatory framework for corporate governance; (ii) state ownership arrangements; (iii) performance management frameworks; (iv) Board structures and functioning; (v) financial reporting, accountability, control, and transparency; (vi) procurement policies and practices; and (vii) climate change reporting practices. The report also provides an overview of the SOE landscape in terms of the size, composition, employment, subsidies, and financial risks of the SOE sectors
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