World Bank The's Books

The World Bank Legal Review

Legal Innovation and Empowerment for Development

By: Hassane Cisse,Sam Muller,Chantal Thomas,Wang Chenguang

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The World Bank Legal Review

Legal Innovation and Empowerment for Development

By: Hassane Cisse,Sam Muller,Chantal Thomas,Wang Chenguang

The fourth volume of the World Bank Legal Review contains essays that examine how innovations in law, and efforts to empower the poor, can help achieve development objectives.

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384

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World Bank Publications

Published Date

ISBN 10

0821395076

ISBN 13

9780821395073

The World Bank Group's Partnership with the Global Environment Facility

By: The World Bank

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The World Bank Group's Partnership with the Global Environment Facility

By: The World Bank

The World Bank Group was a principal founding partner of the Global Environment Facility (GEF) in its pilot phase in 1991, and of the restructured GEF in 1994. The Bank plays three different roles in the GEF: (a) as trustee of the GEF and related trust funds, (b) as implementing agency, including the implementation of private-sector GEF projects by the International Finance Corporation (IFC), and (c) as the host organization of the functionally independent GEF secretariat. Focusing primarily on the role of the Bank as an implementing agency, this review documents how the partnership that the GEF and the World Bank Group established in the early 1990s has evolved over time, offers explanations for observed changes, and draws a number of lessons. The review addresses the following issues: * The mutual relevance of the World Bank Group and the GEF * Inter-organizational coordination along the World Bank Group-GEF project cycle * The introduction of the GEF’s resource allocation systems in 2006 and 2010 * The evolution and effectiveness of the Bank Group’s GEF portfolio * Catalytic approaches in the Bank Group-GEF partnership: co-financing, blending, and mainstreaming * The World Bank’s corporate activities as a GEF implementing agency. The principal purposes of this review are (a) to help improve the relevance and effectiveness of the Bank Group’s partnership with the GEF, and (b) to draw lessons for the Bank Group’s partnership with the GEF and other large global partnership programs.

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248

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World Bank Publications

Published Date

ISBN 10

1464802211

ISBN 13

9781464802218

Annual World Bank Conference on Development Economics 2003

The New Reform Agenda

By: World Bank,Boris Pleskovi?,Nicholas Stern

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Annual World Bank Conference on Development Economics 2003

The New Reform Agenda

By: World Bank,Boris Pleskovi?,Nicholas Stern

The Annual World Bank Conference on Development Economics (ABCDE) brings together the world's leading scholars and development practitioners for a lively debate on state-of-the-art thinking in development policy and the implications for the global economy.The ABCDE is a forum for discussion and debate of important policy issues facing developing countries. The conferences emphasize the contribution that empirical and basic economic research can make to understanding development processes and to formulating sound development policies.The 14th conference addressed four timely and important themes in development: trade and poverty, Africa's future in terms of industrial and/or agricultural development, education and empowerment, and investment climate and productivity. This book is a collection of conference papers from this forum, written by researchers in and outside the World Bank.

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326

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World Bank Publications

Published Date

ISBN 10

0821353861

ISBN 13

9780821353868

The World Bank Group A to Z

By: World Bank Group

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The World Bank Group A to Z

By: World Bank Group

The World Bank Group A to Z provides ready-reference insight into the history, mission, organization, policies, financial services, and knowledge products of the world's largest anti-poverty institution.

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260

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World Bank Publications

Published Date

ISBN 10

1464803838

ISBN 13

9781464803833

World Bank Group Support to Public-Private Partnerships

Lessons from Experience in Client Countries, FY02-12

By: World Bank World Bank

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World Bank Group Support to Public-Private Partnerships

Lessons from Experience in Client Countries, FY02-12

By: World Bank World Bank

Public-private partnerships (PPPs) are long-term contracts between a private party and a government agency that strive to provide a public asset or service in which the private party bears both some risk and some management responsibility. If implemented well, PPPs can help overcome inadequate infrastructure that constrains economic growth, particularly in developing countries. The use of PPPs has increased in the last two decades; they are now used in more than 134 developing countries, contributing about 15-20 percent of total infrastructure investment. The World Bank Group has expanded its support to PPPs through a wide range of instruments and services. During the last 10 years, its support has increased about threefold, to nearly $3 billion per year. The Independent Evaluation Group (IEG) assesses how effective the World Bank Group has been in helping countries use PPPs. In the evaluation, IEG examines the relevance of Bank Group support, how successful projects were, how the Bank Group coordinated support among its business lines (support to the public sector versus the private sector), and how it compares with the experience of other multilateral development banks with PPP support. IEG distills lessons to apply to the Bank Group's support of PPPs. Finally, IEG presents six recommendations that apply to both the organizational and the operational aspects of this work.

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229

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World Bank Publications

Published Date

ISBN 10

1464806314

ISBN 13

9781464806315

Evaluation of World Bank Programs in Afghanistan 2002-11

By: The World Bank

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Evaluation of World Bank Programs in Afghanistan 2002-11

By: The World Bank

This report evaluates the outcomes of World Bank Group support to Afghanistan from 2002-11. Despite extremely difficult security conditions, which deteriorated markedly after 2006, the World Bank Group has commendably established and sustained a large program of support to the country. The key messages of the evaluation are: • While World Bank Group strategy has been highly relevant to Afghanistan’s situation, beginning in 2006 the strategies could have gone further in adapting ongoing programs to evolving opportunities and needs, and in programming activities sufficient to achieve the objectives of the pillars in those strategies. • Overall, Bank Group assistance has achieved substantial progress toward most of its major objectives, although risks to development outcomes remain high. Impressive results have been achieved in public financial management, public health, telecommunications, and community development; substantial outputs have also been achieved in primary education, rural roads, irrigation, and microfinance—all started during the initial phase. Bank assistance has been critical in developing the mining sector as a potential engine of growth. However, progress has been limited in civil service reform, agriculture, urban development, and private sector development. • The Bank Group’s direct financial assistance has been augmented effectively by analytic and advisory activities and donor coordination through the Afghanistan Reconstruction Trust Fund. Knowledge services have been an important part of Bank Group support and have demonstrated the value of strategic analytical work, even in areas where the Bank Group may opt out of direct project financing. • With the expected reduction of the international presence in 2014, sustainability of development gains remains a major risk because of capacity constraints and inadequate human resources planning on the civilian side. To enhance program effectiveness, the evaluation recommends that the Bank Group help the government develop a comprehensive, long-term human resources strategy for the civilian sectors; focus on strategic analytical work in sectors that are high priorities for the government; assist in the development of local government institutions and, in the interim, support the development of a viable system for service delivery at subnational levels; assist in transforming the National Solidarity Program into a more sustainable financial and institutional model to consolidate its gains; help strengthen the regulatory environment for private sector investment; and scale up IFC and MIGA support to the private sector. Chapter Abstracts Chapter 1 This chapter examines the country context, including continuing conflict and insecurity, poverty, and the role of development partners and non-state actors (civil society and humanitarian organizations) in Afghanistan. It examines coming transitions in security arrangements, including political and economic transitions. It outlines the evaluation methods used, as well as limitations. Chapter 2 This chapter deals with the World Bank Group strategy and program, the Bank Group’s operational program, portfolio performance, analytic and advisory activities review, the Afghanistan Reconstruction Fund, and the new Interim Strategy Note, as well as previous Transitional Support Strategies and ISNs. Chapter 3 This chapter examines the building of state capacity and state accountability to its citizens, specifically issues such as results and shortcomings in public financial management, public sector governance, and health and education. The World Bank Group contribution is highlighted. Risks to development outcomes are discussed. Chapter 4 This chapter examines the issue of promoting growth in the rural economy and improving rural livelihoods, including sectors such as rural roads, agriculture and water. The National Solidarity Program and the Bank Group’s contribution to it are discussed. Risks to development outcomes are noted. Chapter 5 This chapter concerns support for the formal private sector, examining the overall investment climate and financial sector. It looks at possibilities for growth in the mining and hydrocarbons sector, information and communications technology, and power sectors. Urban development is also examined. The World Bank Group contribution is highlighted. Chapter 6 This chapter provides an overall assessment (relevance, efficacy) of the Bank Group’s program in Afghanistan, outlining the internal and external drivers of success (knowledge services, staff capacity, customization of program design to country context, alignment of donor objectives, etc) and weakness. Chapter 7 This chapter outlines the lessons for fragile and conflict-affected situations drawing on the specifics of the Afghanistan evaluation case. Recommendations are offered in areas such as labor markets, human resources, strategic-level analytical work vis-a-vis long-term development strategies, and strengthening of the regulatory environment for private sector investment.

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292

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World Bank Publications

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ISBN 10

0821398733

ISBN 13

9780821398739

The World Bank Group and the Global Food Crisis

An Evaluation of the World Bank Group Response

By: The World Bank

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The World Bank Group and the Global Food Crisis

An Evaluation of the World Bank Group Response

By: The World Bank

The unanticipated spike in international food prices in 2007-08 hit many developing countries hard. This evaluation assesses the effectiveness of the World Bank Group response in addressing the short-term impacts of the food price crisis and in enhancing the resilience of countries to future shocks.

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271

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World Bank Publications

Published Date

ISBN 10

1464800928

ISBN 13

9781464800924

The World Bank Group A to Z 2016

By: World Bank Group

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The World Bank Group A to Z 2016

By: World Bank Group

The World Bank Group A to Z provides the most concise and essential information about the mission, policies, procedures, products, and services of the new World Bank Group. This second edition is a follow-up to the first volume released for the 2014 Annual Meetings. The World Bank Group A to Z series builds on previous editions of A Guide to the World Bank to include features not found in its predecessors including: a graphical introduction to the World Bank Group, highlighting the Bank Group's goals, financials, regions, and results; examples and photos of Bank Group projects and programs; and tools to guide you to the information you are looking for (even if you don’t know exactly what that is). It also reflects the wide-ranging reforms that have taken place within the World Bank Group in recent years, including the launch of the new World Bank Group Strategy; new approaches to development; the establishment of new Global Practice Groups and Cross Cutting Solutions Areas; and the goal of becoming a "Solutions Bank," one that will marshal the vast reserves of evidence and experiential knowledge across the five World Bank Group agencies and apply them to local problems. With more than 280 entries arranged in encyclopedic A-to-Z format, readers can easily find up-to-date information about the five agencies of the World Bank Group and the wide range of areas in which they work: from agriculture, education, energy, health, social protection and labor to gender, jobs, conflict, private sector development, trade, water and climate change. The World Bank Group's work in all of these areas now focuses on two new twin goals: eliminating extreme poverty by 2030 and boosting shared prosperity of the poorest 40 percent in every developing country.

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272

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World Bank Publications

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ISBN 10

1464806551

ISBN 13

9781464806551

The World Bank's Country Policy and Institutional Assessment

An IEG Evaluation

By: The World Bank

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The World Bank's Country Policy and Institutional Assessment

An IEG Evaluation

By: The World Bank

The evaluation finds that the content of the World Bank s Country Policy and Institutional Assessment (CPIA) is largely relevant for growth and poverty reduction in the sense that it maps well with the determinants of growth and poverty reduction identified in the economics literature. However, some CPIA criteria need to be revised (in particular trade and finance), and one needs to be added (assessment of disadvantaged socio-economic groups). Second, the evaluation finds that the CPIA ratings are in general reliable and correlate well with similar indicators. The World Bank s internal review process helps guard against potential biases in having Bank staff rate countries on which their work programs depend. The CPIA ratings are found to correlate better with similar indicators for middle income countries than for low income countries. This could be because there is more information available on middle income countries, which increases the likelihood of different institutions having similar assessments on them. This could also be because the CPIA rating exercise takes into account the stage of development, which is more pertinent for low income countries, and which also subject the ratings of those countries to more judgment in an exercise that is already centered on staff judgment.

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170

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World Bank Publications

Published Date

ISBN 10

0821384295

ISBN 13

9780821384299

Results and Performance of the World Bank Group 2012

By: World Bank. Independent Evaluation Group,Heather, Dittbrenner,World Bank

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Results and Performance of the World Bank Group 2012

By: World Bank. Independent Evaluation Group,Heather, Dittbrenner,World Bank

This report addresses IEG's work over the last year, summarizing findings from its evaluations and discussing the trends that are revealed as they relate to the World Bank Group's work. IEG sees that a sharper focus on results and learning from experience are essential.

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115

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World Bank Publications

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ISBN 10

0821398539

ISBN 13

9780821398531

An Overview of the Legal, Institutional, and Regulatory Framework for Bank Insolvency

By: International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund,World Bank

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An Overview of the Legal, Institutional, and Regulatory Framework for Bank Insolvency

By: International Monetary Fund. Monetary and Capital Markets Department,International Monetary Fund,World Bank

This study provides an overview of the legal, institutional, and regulatory framework that countries should put in place to address cases of bank insolvency. It is primarily intended to inform the work of the staffs of the International Monetary Fund (IMF) and World Bank, and to provide guidance to their member countries.

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International Monetary Fund

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ISBN 10

1498336051

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9781498336055

Strengthening IMF-World Bank Collaboration on Country Programs and Conditionality - Progress Report

By: World Bank,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund

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Strengthening IMF-World Bank Collaboration on Country Programs and Conditionality - Progress Report

By: World Bank,International Monetary Fund. Fiscal Affairs Dept.,International Monetary Fund. Policy Development and Review Dept.,International Monetary Fund

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International Monetary Fund

Published Date

ISBN 10

1498330533

ISBN 13

9781498330534

The World Bank's Commitment to HIV/AIDS in Africa

Our Agenda for Action, 2007-2011

By: World Bank

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The World Bank's Commitment to HIV/AIDS in Africa

Our Agenda for Action, 2007-2011

By: World Bank

HIV/AIDS reverses life expectancy gains, erodes productivity, consumes savings and dilutes growth efforts, threatening the realization of the Millennium Development Goals (MDGs) in Africa. The report is the result of an extensive analytical and consultative process begun in 2006, that engaged more than 1,000 people from over 30 countries and many institutions mostly in Africa, as well as UN agencies, multilateral and bilateral donors, and foundations. The report reaffirms the Bank's commitment to combating HIV/AIDS in Africa, moving from its initial emergency response to the next phase, including the goal to provide at least US $250 million annually and to create an Africa HIV/AIDS Incentive Fund to enhance the evidence base, promote the multisectoral response and provide technical support, analysis and policy advice to countries.

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146

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World Bank Publications

Published Date

ISBN 10

0821374494

ISBN 13

9780821374498

World Bank International Monetary Fund Collaboration on Public Expenditure Issues

By: International Monetary Fund. Fiscal Affairs Dept.,World Bank

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World Bank International Monetary Fund Collaboration on Public Expenditure Issues

By: International Monetary Fund. Fiscal Affairs Dept.,World Bank

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International Monetary Fund

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ISBN 10

1498329802

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9781498329804

Guidance Note on Information Sharing Between IMF and World Bank Staff

By: International Monetary,International Monetary Fund. Strategy, Policy, & Review Department,World Bank

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Guidance Note on Information Sharing Between IMF and World Bank Staff

By: International Monetary,International Monetary Fund. Strategy, Policy, & Review Department,World Bank

This Guidance Note outlines good practices on information-sharing across key areas in which the Bank and the IMF interact. The note outlines general principles consistent with these frameworks and discusses how the staffs of the two institutions are expected to exchange information related to country operations, technical assistance, and policy work.

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International Monetary Fund

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ISBN 13

9798400204883

The World Bank Research Program 2004

Abstracts of Current Studies

By: World Bank

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The World Bank Research Program 2004

Abstracts of Current Studies

By: World Bank

The World Bank's research is intended to address critical issues and problems facing member governments in developing and transition economies. How can the governments of the poorest countries generate enough revenue to provide the education and health services essential to reducing poverty and promoting growth and development? How can poor countries attract investors to build the infrastructure their economies need? How can they develop systems to bring clean water to the 2 billion people without it today? How can they train teachers and bring to class the 115 million children who have not yet received any education? And how can rich countries be persuaded to lower market barriers, helping to reverse the decline in export prices for poor countries that has left them earning less from trade today than in the 1970s? These are the types of questions that are addressed in this edition of 'The World Bank Research Program: Abstracts from Current Studies'. This volume reports on research projects initiated, under way, or completed from July 2003 through June 2004. It covers 151 research projects on several broad development related issues, including agriculture, health, education, environment, infrastructure, investment climate, and more. The abstract for each project describes the questions addressed, the analytic methods used, the findings to date, and policy implications.

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204

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World Bank Publications

Published Date

ISBN 10

082136457X

ISBN 13

9780821364574

The World Bank Group and the Global Food Crisis

An Evaluation of the World Bank Group Response

By: The World Bank

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The World Bank Group and the Global Food Crisis

An Evaluation of the World Bank Group Response

By: The World Bank

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271

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World Bank Publications

Published Date

ISBN 10

1464800928

ISBN 13

9781464800924

IMF and World Bank Approach to Cross-Border Payments Technical Assistance

By: International Monetary Fund. Monetary and Capital Markets Department,World Bank

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IMF and World Bank Approach to Cross-Border Payments Technical Assistance

By: International Monetary Fund. Monetary and Capital Markets Department,World Bank

The G20 had made enhancing cross-border payments a priority. Faster, cheaper, more transparent and more inclusive cross-border payment services have the potential to be transformative for citizens and economies across the world. The Roadmap for Enhancing Cross-Border Payments, launched in 2020, is the first attempt by the international community to address the challenges faced by cross-border payments in a holistic way. A key foundational element in the Roadmap was the publication by the FSB of 11 quantitative targets to define the Roadmap’s aims and create accountability. Technical Assistance (TA) plays a critical role in helping achieve the Roadmap targets. TA relates closely to, and builds on, the IMF’s and World Bank’s respective missions. This paper outlines a multi-year strategy to provide TA in order to meet the cross-border payments targets. The paper (1) details the important role TA plays in achieving the Roadmap targets; (2) summarizes stocktakes conducted by the IMF and World Bank of recent and ongoing TA supporting cross-border payments; and (3) explains the IMF’s and World Bank’s approaches to cross-border payments TA. The IMF and World Bank commit to collaborating, coordinating, and complementing each other on cross-border payments TA wherever possible and appropriate at country/project level.

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International Monetary Fund

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ISBN 13

9798400264412

Climate Change and the World Bank Group

Phase I I - The Challenge of Low-Carbon Development

By: World Bank

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Climate Change and the World Bank Group

Phase I I - The Challenge of Low-Carbon Development

By: World Bank

This study from the Independent Evaluation Group draws lessons for development and climate change mitigation from the World Bank Group's far-reaching portfolio of projects in energy, forestry, transport, coal power, and technology transfer. Reviewing what has worked, what hasn't, and why, the evaluation's key findings include: Energy efficiency can offer countries direct economic returns that dwarf those of most other development projects, while also reducing greenhouse gas emissions. Tropical forest protected areas, on average, significantly reduce tropical deforestation, preserving carbon and biodiversity. Deforestation rates are lower in areas that allowed sustainable use by local populations than in strictly protected areas. Deforestation rates were lowest of all in indigenous forest areas. For renewable energy projects, long-duration loans have been important in making projects financially viable.. But at prevailing carbon prices, carbon offset sales had little impact on most renewable energy projects rate of returns, and did not address investors need for up-front capital. Technology transfer broadly understood to include diffusion of technical and financial innovations related to low-carbon development has worked well when the logic of piloting and demonstration is well thought out, and when grants are used to mitigate the risk of pioneering efforts.

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166

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World Bank Publications

Published Date

ISBN 10

0821386549

ISBN 13

9780821386545

The World Bank Research Program 2001

Abstracts of Current Studies

By: World Bank,World Bank Staff

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The World Bank Research Program 2001

Abstracts of Current Studies

By: World Bank,World Bank Staff

This publication is a compilation of reports on research projects initiated, under way, or completed in fiscal year 2001 (July 1, 2000 through June 30, 2001). The abstracts cover 150 research projects from the World Bank and grouped under 11 major headings including poverty and social development, health and population, education, labor and employment, environment, infrastructure and urban development, and agriculture and rural development. The abstracts detail the questions addressed, the analytical methods used, the findings to date and their policy implications. Each abstract identifies the expected completion date of each project, the research team, and reports or publications produced.

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186

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World Bank Publications

Published Date

ISBN 10

0821350420

ISBN 13

9780821350423

World Bank East Asia and Pacific Economic Update 2012

Remaining Resilient

By: World Bank

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World Bank East Asia and Pacific Economic Update 2012

Remaining Resilient

By: World Bank

The World Bank East Asia and Pacific Economic Update is a comprehensive, twice-yearly review of the region's economies prepared by the East Asia and Pacific region of the World Bank. In this edition, the report notes that the region is expected to contribute almost 40 percent of global growth in 2012, and a similar share in 2013. China's economic slowdown affected the region's economic performance. China's growth is projected to reach 7.9 percent this year, 1.4 percentage points lower than last year's 9.3 percent and the lowest growth rate since 1999. For 2014, we expect most countries in the region to benefit from a mild recovery in advanced countries as well as continued strong domestic demand. For economies in the region that face difficulties in budget execution, particularly of the capital budget, fiscal interventions could focus on increasing private domestic demand, such as targeted social assistance or investment tax credits.

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141

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World Bank Publications

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ISBN 10

1464800758

ISBN 13

9781464800757

World Bank East Asia and Pacific Economic Update 2011

Navigating Turbulence, Sustaining Growth

By: World Bank

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World Bank East Asia and Pacific Economic Update 2011

Navigating Turbulence, Sustaining Growth

By: World Bank

The World Bank East Asia and Pacific Economic Update is a comprehensive, twice-yearly review of the region's economies prepared by the East Asia and Pacific region of the World Bank. In 2011, an estimated 38 million people will move out of poverty, and the proportion of people living on less than US $2 a day expected to decrease to about 24 percent, down two percentage points from 2010. Growth in developing East Asia in the first half of 2011 continued to moderate, mainly due to weakening external demand. Domestic demand in East Asian economies remained the largest contributor to growth, although it is easing driven by the normalization of fiscal and monetary policy. Real GDP in developing East Asia is projected to increase by 8.2 percent in 2011 (4.7 percent excluding China), while growth will slow to 7.8 percent in 2012. Given the outlook for protracted low global growth, any possible stimulus should be fiscally sustainable, well-targeted, and directed at promoting the structural transformation needed to sustain stronger, domestically driven growth. Further investment in disaster management and prevention is also becoming more important for the region.

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113

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World Bank Publications

Published Date

ISBN 10

1464800723

ISBN 13

9781464800726

The World Bank and the Environment

Environment Matters and the World Bank

By: World Bank Staff

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The World Bank and the Environment

Environment Matters and the World Bank

By: World Bank Staff

This publication contains the annual review for fiscal 1996 (July 1995-June 1996) and a 10-year accounting of the project portfolio in a project matrix (Appendix). The annual review portion of the publication is divided into four sections:an overview, a series of regional review, a set of reviews on a spectrum of environmental and social issues, and a brief scan of relevant publications. The environmental and social issues discussed include:biodiversity conservation; fostering global warming solutions through energy efficiency, demand side management and renewable technologies; linking physical environmental effects to economic impacts; legal aspects of environmental management; building strategic alliance to avoid duplicating efforts in environmental work; Bank's work on pollution management and technology policy; engaging private sector into environmental investments; enhancing participatory approaches in decisionmaking; and freshwater, coastal and marine resource management. In addition, a new column called Reflection sets the context for the Bank's work in the larger global agenda drawn up in Rio's Agenda 21 in 1992.

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132

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World Bank Publications

Published Date

ISBN 10

0821335790

ISBN 13

9780821335796

World Bank Engagement at the State Level

The Cases of Brazil, India, Nigeria, and the Russian Federation

By: World Bank

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World Bank Engagement at the State Level

The Cases of Brazil, India, Nigeria, and the Russian Federation

By: World Bank

This report is a pilot cross-country study that summarizes 10 years (1998-2008) of the World Bank s engagement at the state level in selected large federal countries and combines elements of a country assistance evaluation and a thematic review. It looks at several strategic and operational questions posed by state-level engagement, among them the selection of states, the scope, and the modalities of engagement. According to the report, two tendencies often in tension featured in most approaches for selection of states for direct engagement. One was to support better-performing, reformist states, while the other was to support the poorest states as a more direct route to reducing poverty. Overall, the study confirms the desirability of continued selective lending in a few focus states. Among other findings: the Bank s engagement with progressive reformist states has added value and has been highly appreciated, but in order to enhance the poverty impact of state level interventions, greater weight should be given to the needs of poorest states by balancing states propensity to reform and the concentration of poverty within them; continued focus on public finance management appears sound, irrespective of whether engagement is confined to this area or serves as an entry point for broader engagement; there is considerable scope for greater impact from knowledge transfer between states and countries and expanded knowledge services to the state-level clients.

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138

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World Bank Publications

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ISBN 10

082138225X

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9780821382257

Improving Investment Climates

An Evaluation of World Bank Group Assistance

By: Kristin Hallberg

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Improving Investment Climates

An Evaluation of World Bank Group Assistance

By: Kristin Hallberg

This evaluation assesses the effectiveness of the World Bank Group in helping its member countries improve their investment climates, within the context of the World Bank Group's overall mission of poverty reduction and sustainable development.

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321

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World Bank Publications

Published Date

ISBN 10

0821362828

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9780821362822

Implementation of the Basel Core Principles for Effective Banking Supervision, Experiences, Influences, and Perspectives

By: International Monetary Fund,World Bank

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Implementation of the Basel Core Principles for Effective Banking Supervision, Experiences, Influences, and Perspectives

By: International Monetary Fund,World Bank

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International Monetary Fund

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ISBN 10

1498328261

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9781498328265

Global Economic Prospects 2009

Commodities at the Crossroads

By: The World Bank

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Global Economic Prospects 2009

Commodities at the Crossroads

By: The World Bank

The eruption of the worldwide financial crisis has radically recast prospects for the world economy. 'Global Economic Prospects 2009: Commodity Markets at the Crossroads' analyzes the implications of the crisis for low- and middle-income countries, including an in-depth look at long-term prospects for global commodity markets and the policies of both commodity producing and consuming nations. Developing countries face sharply higher borrowing costs and reduced access to capital. This will cut into their capacity to finance investment spending ending a five-year stretch of developing-country growth in excess of 6 percent annually. The looming recession presents new risks, coming as it does on the heels of the recent food and fuel crisis. Commodity markets, meantime, are at a crossroads. Years of fast GDP growth contributed to the rise in commodity prices, while the slowdown provoked by the financial crisis has seen those same prices plummet. However, other factors were also at play, notably a period of low investment in commodity supply capacity during the 1990s due to low prices and reduced demand from the countries of the former Soviet Bloc. In the longer run, slower population growth is expected to ease the pace at which commodity demand grows, while commodity producers are expected to discover sufficient new supplies and improved production techniques to prevent any acute shortages from developing. In part, this is because prices are projected to be higher than they were in the 1990s, which will induce necessary investment in exploration and production by firms. Higher prices will also promote greater conservation and substitution with more abundant alternatives, while policies to limit carbon emissions and boost agricultural investment and the dissemination of efficient techniques will also contribute. This year s 'Global Economic Prospects' also looks at government responses to the recent price boom. Producing-country governments have been more prudent than during earlier booms, and because they have saved more of their windfall revenues, they are less likely to be forced to cut into spending now that prices have declined. The spike in food prices tipped more people into poverty, which led governments to expand social assistance programs. Ensuring such programs are better targeted toward the needs of the very poor in the future will help improve the capacity of governments to respond effectively the next time there is a crisis.

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Page Count

202

Publisher

World Bank Publications

Published Date

ISBN 10

0821378015

ISBN 13

9780821378014

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