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International Debt Statistics (IDS) 2014 is a continuation of the World Bank's publications Global Development Finance, Volume II (1997 through 2009) and the earlier World Debt Tables (1973 through 1996). IDS 2014 provides statistical tables showing the external debt of 128 developing countries that report public and publicly guaranteed external debt to the World Bank's Debtor Reporting System (DRS). It also includes tables of key debt ratios for individual reporting countries and the composition of external debt stocks and flows for individual reporting countries and regional and income groups along with some graphical presentations. IDS 2014 draws on a database maintained by the World Bank External Debt (WBXD) system. Longer time series and more detailed data are available from the World Bank open databases, which contain more than 200 time series indicators, covering the years 1970 to 2012 for most reporting countries, and pipeline data for scheduled debt service payments on existing commitments to 2019. International Debt Statistics 2014 is unique in its coverage of the important trends and issues fundamental to the financing of the developing world. This report is an indispensable resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community. In addition, International Debt Statistics will showcase the broader spectrum of debt data collected and compiled by the World Bank. These include the high frequency, quarterly external debt database (QEDS) and the quarterly public sector database (QPSD) developed in partnership with the International Monetary Fund and launched by the World Bank.
Climate change remains a global challenge requiring international collaborative action. Another area where countries have successfully committed to a long-term multilateral resolution is the liberalization of international trade. Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction. The broad objectives of the betterment of current and future human welfare are shared by both global trade and climate regimes. Yet both climate and trade agendas have evolved largely independently through the years, despite their mutually supporting objectives. Since global emission goals and global trade objectives are shared policy objectives of most countries, and nearly all of the World Bank's clients, it makes sense to consider the two sets of objectives together. This book is one of the first comprehensive attempts to look at the synergies between climate change and trade objectives from economic, legal, and institutional perspectives. It addresses an important policy question - how changes in trade policies and international cooperation on trade policies can help address global environmental spillovers, especially GHG emissions, and what the (potential) effects of (national) environmental policies that are aimed at global environmental problems might be for trade and investment. It explores opportunities for aligning development and energy policies in such a way that they could stimulate production, trade, and investment in cleaner technology options.
The world economy is not what it used to be twenty years ago. For most of the 20th century, the world economy was characterized by developed (North) countries acting as 'center' to a 'periphery' of developing (South) countries. However, the recent rise of developing economies suggests the need to go beyond this North-South dichotomy. This tectonic re-configuration of the global landscape has brought about significant changes to countries in the Latin America and Caribean (LAC) region. The time is ripe for an in-depth analysis of the dynamics and nature of LAC's external connections.This latest volume in the World Bank Latin American and Caribbean Studies series will focus on the implications of these trends for the economic development of LAC countries. In particular, trade, financial, macroeconomic, and sectoral shifts, as well as labor-market aspects will be systematically analyzed.
Emerging Europe and Central Asia, the region made up of the countries of Central and South East Europe (CSE) and the Commonwealth of Independent States (CIS), is a major energy supplier to both Eastern and Western Europe. However, the outlook for both primary and derivative energy supplies is questionable, with a real prospect that there will be a significant decline during the next two decades. Western Europe is heavily dependent on energy imports from this region and therefore will be affected by declines in primary energy supplies. But Western Europe has the financial capacity to secure the energy supplies it needs (albeit at the expense of others). In contrast, the region's energy-importing countries are caught between Western Europe, which has increasing import needs, and it's own exporters, whose exports will likely decline. These countries face the prospect of being squeezed not only financially but also in terms of energy access. This difficult prospect is compounded by the deterioration of the energy infrastructure, including power generation and district heating. Although the public sector will have to finance a portion of these infrastructure investments, it will not have the capacity to meet the full needs. It is essential, therefore, that the countries in the region move quickly to put in place an enabling environment to support investment in the sector. Further complicating these issues are environmental concerns, in particular concern about climate change. EU member states and those with EU ambitions will need to meet the challenging EU greenhouse gas emissions targets. At the same time, a number of countries in the region will face the temptation to use environmentally unfriendly technology to meet their immediate energy needs. 'Lights Out?' analyzes key measures that can help countries address all of these challenges.
This pocket-sized reference on key development data for over 200 countries provides profiles of each country with 54 development indicators about people, environment, economy, technology and infrastructure, trade, and finance.
'The Little Data Book on Africa 2010' is a pocket edition of 'Africa Development Indicators 2010'. It contains some 115 key indicators on economics, human development, governance, and partnership and is intended as a quick reference for users of the 'Africa Development Indicators 2010' book and African Development Indicators Online. The country tables present the latest available data for World Bank member countries in Africa.
The Little Data Book on Africa 2012/2013 is a pocket edition of Africa Development Indicators 2012/2013. It contains some 115 key indicators on economics, human development, governance, and partnership and is intended as a quick reference for users of the Africa Development Indicators 2010 book and African Development Indicators Online. The country tables present the latest available data for World Bank member countries in Sub-Saharan Africa, covering about 1,700 indicators from 1961 to 2011. Key themes are : - Basic indicators- Drivers of growth- Participating in growth- Capable states- PartnershipsDesigned to provide all those interested in Africa with quick reference and a reliable set of data to monitor development programs and aid flows in the region, this is an invaluable pocket edition reference tool for analysts and policy makers who want a better understanding of the economic and social developments occurring in Africa. For free access to Africa Development Indicators online, please visit http://data. worldbank. org/data-catalog.
'The Little Data Book on External Debt' provides a quick reference for users interested in external debt stocks and flows, major economic aggregates, key debt ratios, and the currency composition of long-term debt for all countries reporting through the Debtor Reporting system. A pocket edition of 'Global Development Finance 2010, Summary and Country Tables', it contains statistical tables for 135 countries as well as summary tables for regional and income groups.
The Little Data Book on Financial Inclusion 2012 is a pocket edition of the Global Financial Inclusion Index ("Global Findex") database providing country-level indicators on the use of formal bank accounts, payments behavior, savings patterns, credit patterns, and insurance decisions. It provides data on financial inclusion by key demographic characteristics--gender, age, education, income, and rural or urban residence. The book includes summary pages for 147 economies and regional and income group averages.
The Little Data Book on Gender in Africa 2012/13 provides a summary collection of gender statistics on Africa available in one volume. It contains 60 indicators, covering 53 African countries. Additional data may be found on the companion CD-ROM or online, covering about 1,700 indicators from 1961 to 2011. Key themes are : - Basic demographic indicators- Education- Health- Labor force and wages- Women's empowermentDesigned to provide all those interested in Africa with quick reference and a reliable set of data to monitor development programs and aid flows in the region, this is an invaluable pocket edition reference tool for analysts and policy makers who want a better understanding of the economic and social developments occurring in Africa. For free access to Africa Development Indicators online, please visit http://data. worldbank. org/data-catalog.
This Little Data Book presents at-a-glance tables for over 140 economies showing the most recent national data on key indicators of information and communications technology (ICT), including access, quality, affordability, efficiency,sustainability, and applications.
'The Little Data Book on Private Sector Development 2010' is one of a series of pocket-sized books intended to provide a quick reference to development data on different topics. It provides data for more than 20 key indicators on business environment and private sector development in a single page for each of the World Bank member countries and other economies with populations of more than 30,000. These more than 200 country pages are supplemented by aggregate data for regional and income groupings.
This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.
Aging is a challenge which countries in East Asia and Pacific (EAP) regions are grappling with or will soon confront. It raises many questions for policymakers ranging from potential macroeconomic impacts, to fiscal challenges of supporting pension, health and long-term care systems, and labor market implications as countries seek to promote productive aging. The urgency of the aging challenge varies across the region, but it will confront all EAP countries in time and early preparation is essential to avoid the missteps of other regions. Live Long and Prosper discusses the societal and public policy challenges and reform options for EAP countries as they address aging. It aims to strike a balance between aging optimists and pessimists. On the one hand, the impacts of aging on growth, labor markets and public spending are not the unavoidable catastrophe often feared. However, minimizing the downside risks of aging and ensuring healthy and productive aging will require proactive public policy, political leadership, and new mindsets across society. The report reviews the evidence on demographic transition in EAP and its potential macroeconomic impact. It addresses the current policy environment including pensions and social security, health, and long-term care and labor markets to assess the risks of 'business as usual'. It also suggests policy directions to promote healthy and productive aging in EAP, and emphasizes that aging is not just about older people, but requires policy and behavioral change across the life cycle.
Too often, even reform leaders in countries fail to adopt and implement policies that they know are necessary for sustained economic development. They are encumbered by adverse political incentives, running the risk of losing office should they try to do the right thing. When technically sound policies are selected on paper, implementation through the public system can run into perverse norms of behavior among public officials and citizens to extract private benefits from the public sector at the expense of the greater public interest. 'Making Politics Work for Development' is about how to make politics work for economic development rather than against it. It focuses on research about two forces--citizens' political engagement and transparency--that explain and hold the potential to improve political incentives and norms of behavior in the public sector. The research shows that the confluence of transparency and political engagement can be a driving force for countries to transition toward better functioning public sector institutions, starting with their own initial and contextual conditions. To harness the potential of these forces, policy actors should target transparency to nourish the quality of political engagement so that citizens can hold leaders accountable for the public goods needed for development.
In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country. While poverty reduction has been a mainstay of the World Bank's mission for decades, the Bank has now set a specific goal and timetable, and for the first time, the Bank has explicitly included a goal linked to ensuring that growth is shared by all. The discussion until now has centered primarily on articulating the new goals. This report, the latest in World Bank's Policy Research Report series, goes beyond that and lays out their conceptual underpinnings, discusses their relative strengths and weaknesses by contrasting them with alternative indicators, and proposes empirical approaches and requirements to track progress towards the goals. The report makes clear that the challenges posed by the World Bank Group's new stance extend not just to the pursuit of these goals but, indeed, to their very definition and empirical content. The report also argues that an improved data infrastructure, consisting of many elements including the collection of more and better survey data, is critical to ensure that progress towards these goals can be measured, and policies to help achieve them can be identified and prioritized.
Mongolia was one of the East Asian economies hardest hit by the global downturn, as copper prices collapsed and external demand fell. This Economic Retrospective highlights the key economic, financial and policy developments in the country during the crisis and recovery over 2008 to 2010. In particular, it offers a closer look at the weaknesses in the economic structure and policy environment that lay at the heart of downturn, and which amplified the external shock due to the collapse in global commodity prices from mid-2008. The Retrospective offers valuable insights into how an inappropriate policy mix can culminate in macroeconomic instability. In Mongolia's case, a combination of expansive fiscal and monetary policy during the boom years, a de facto peg to the US dollar, and an overheating financial sector triggered a loss of confidence in the banking sector, large reserve losses and deposit flight, and caused a large fiscal and balance of payments shock that necessitated assistance by the IMF and other donors. Although the economy has rebounded since the end of 2009 and the successful negotiation of the Oyu Tolgoi (OT) mining project has helped transform the medium to long-term outlook, there remain sizeable policy challenges. In particular, the looming mining boom brings the risks of "Dutch disease" effects and a return to the profligate populism of the past. In the near term significant fiscal financing risks remain until revenues from OT are realized. In particular, this Retrospective discusses the need for continued fiscal consolidation and how the adoption of the planned fiscal stability law should help manage the upcoming mining boom. Meanwhile, ongoing solvency problems in the banking sector need to be resolved quickly and transparently to prepare the sector for the upturn in economic activity.
Earthquakes, droughts, floods, and storms are natural hazards, but unnatural disasters are the deaths and damages that result from human acts of omission and commission. Every disaster is unique, but each exposes actions-by individuals and governments at different levels--that, had they been different, would have resulted in fewer deaths and less damage. Prevention is possible, and this book examines what it takes to do this cost-effectively. It looks at disasters primarily through an economic lens. Economists emphasize self-interest to explain how people choose the amount of prevention, insurance, and coping. But lenses can distort as well as sharpen images, so the book also draws from other disciplines: psychology to examine how people may misperceive risks, political science to understand voting patterns, and nutrition science to see how stunting in children after a disaster impairs cognitive abilities and productivity as adults much later. Peering into the future, it shows that while urbanization and climate change will increase exposure to hazards, vulnerability can be reduced if cities are better managed. This book will be of interest to government officials, urban planners, relief agencies, NGOs, donors, and other development practitioners.
This Peru Country Program Evaluation for the World Bank Group, 2003-2009 is part of IEG's country program evaluation series. To date, IEG's in-depth country evaluations have comprised IEG-WB Country Assistance Evaluations (CAEs) and IEG-IFC Country Impact Reviews (CIRs). Both the CAEs and CIRs have involved comprehensive evaluations of the respective institutions' activities in a country. In a pilot approach, this evaluation was prepared by a single IEG team that looked at development interventions across the three WBG institutions. The evaluation draws on WBG documents, external literature, and on interviews with government officials, representatives of the private sector and civil society, nongovernmental organizations, bilateral and multilateral development partners, and Bank, IFC, and MIGA staff in Washington and in Peru. An IEG mission visited Peru in September 2009. IEG also cooperated with the Evaluation Office of the Global Environment Facility that was conducting a parallel evaluation in Peru.
Poor Places, Thriving People: How the Middle East and North Africa Can Rise Above Spatial Disparitiesby World Bank
Geographical differences in living standards are a pressing concern for policymakers in the Middle East and North Africa (MENA). Economies of agglomeration mean that production is most efficient when concentrated in leading areas. So how can the region reduce spatial disparities in well-being without compromising growth? The solution to spatial disparities lies in matching the policy package to a lagging area's specific characteristics. Key questions include: is the lagging area problem really as serious as one thinks; is it a problem of low economic opportunity or of poor human development; are lagging area populations close enough to agglomerations to benefit from spillovers; and is there manifest private investor interest? Drawing on the World Bank's 2009 World Development Report, Reshaping Economic Geography, the book proposes 3 policy packages. First, all lagging areas can benefit from a "level playing-field for development" and investment in people. Geographic disparities in the policy environment are a legacy of MENA's history, and gaps in human development are a major component of spatial disparities. Smart policies for the investment environment, health, education, social transfers and urban development can therefore close spatial gaps in living standards. Second, lagging areas that are close to economic agglomeration can benefit from spillovers - provided that they are connected. MENA's expenditure priority is not necessarily long-distance primary connections, but infrastructure maintenance and short-distance connections such as rural roads and peri-urban networks. Public-private partnerships can also bring electronic connectivity to lagging areas. Third, shifting regional development policy away from spatial subsidies towards the facilitation of cluster-based growth will increase the chance of cost-effective impacts. The final chapter of the book examines the institutional prerequisites for effective spatial policy. It argues that MENA's centralized/sectoral structures are not always adapted to governments' spatial development agendas, and describes alternative institutional options.
Drawing upon recent analytical work prepared inside and outside the World Bank, this report identifies key lessons concerning the linkages between poverty and the environment. With a focus on the contribution of environmental resources to household welfare, the analysis increases our understanding of how specific reforms and interventions can have an impact on the health and livelihoods of poor people. 'Scholars and development practitioners increasingly recognize that in low-income countries there are inextricable links between poverty reduction and natural resources management. Demand has grown immensely for not only more, but better empirical evidence on those links. This volume offers a careful synthesis of key findings from growing literature on the environmental determinants of household welfare, as reflected by indicators of consumption, health, and income. The primary contribution of this study is that is has drawn out vital policy conclusions that will be of value to organizations and governments concerned about poverty and the environment in the developing world.' --Professor Christopher B. Barrett, Cornell University
This evaluation examines the relevance and effectiveness of Poverty Reduction Support Credits (PRSCs), introduced by the Bank in early 2001 to support comprehensive growth, improve social conditions, and reduce poverty in IDA countries. PRSCs were intended to allow greater country-ownership, provide more predictable annual support, exhibit more flexible conditionality, and strengthen budget processes in a results-based framework. By September 2009, the Bank had approved 99 PRSCs totaling some $7.5 billion and representing 38% percent of IDA policy based lending. The evaluation finds that in terms of process, PRSCs were effective in easing conditionality, increasing country ownership and aid predictability, stimulating dialogue between central and sectoral ministries, and improving donor harmonization. In terms of content, PRSCs succeeded in emphasizing public sector management and pro-poor service delivery. Yet in terms of results, it is difficult to distinguish growth and poverty outcomes in countries with PRSCs from other better performing IDA countries. There is scope for further simplifying the language of conditionality and underpinning PRSCs with better pro-poor growth diagnostics. PRSCs can also strengthen their results frameworks and limit sector policy content in multi-sector DPLs to high-level or cross-cutting issues. Today, Bank policy has subsumed PRSCs under the broader mantle of Development Policy Lending and the rationale for a separate 'brand name' although differences linger from the past. Since PRSCs and other policy-based lending have gradually converged in design, remaining differences compared to other Development Policy Loans should be clearly spelled out, or the separate PRSC brand name should be phased out.
This book presents the findings and recommendations of the evaluation of the World Bank's Strategic Environmental Assessment (SEA) Pilot Program. It shows that SEA can contribute to improving development policy and sector reform by calling attention to environmental and social priorities, strengthening constituencies, enhancing policy capacities, and improving social accountability. It also provides guidance for undertaking SEA in policy and sector reform. Although it acknowledges the need for tailoring SEA to the context of specific sectors and countries, the book discusses in detail-and illustrates with examples-the analytical work and participatory processes required for effective SEA at the policy level. It suggests that the time is ripe for scaling up SEA in development policy and sector reform and recommends the establishment of a global alliance on environmental and climate change mainstreaming to support developing countries' efforts for achieving sustainable development. The book concludes by arguing that SEA applied to sector reform and development policy is a critical step for these efforts to be successful. This title responds to demand for SEA approaches at the policy level from policymakers, development and environmental specialists of bilateral and multilateral institutions, and environmental assessment specialists. This publication is the result of joint work by the Environment Department of the World Bank, the Environmental Economics Unit at the Department of Economics of the University of Gothenburg (EEU), the Swedish EIA Centre at the Swedish University of Agricultural Sciences, and the Netherlands Commission for Environmental Assessment (NCEA.) In line with the Paris Declaration on Aid Effectiveness, the book also contributes to harmonization of SEA approaches by the donor community that is led by the SEA Task Team of the OECD Development Assistance Committee.
The Caribbean Region is second only to Africa in the impact of HIV and AIDS. The Caribbean Community (CARICOM) has responded to this challenge by promoting a multisectoral response to the epidemic. UNESCO has provided regional leadership in strengthening the education sector component of this response. In 2005, UNESCO launched, with CARICOM and the World Bank, a regioinal dialogue involving representatives of Ministries of Education, national HIV and AIDS coordinating councils, development partners, and regional institutions providing leadership in the HIV response, which led to the development and endorsement of a regional Proposal for Action: Accelerating the Education Sector Response to HIV and AIDS in the Caribbean Region. In June 2006, Ministers of Education and representatives of National AIDS AUthorities met in Port-of-Spain, Trinidad and Tobago, under the auspices of the CARICOM Council on Human and Social Development, and agreed to promote education sector leadership in addressing HIV and AIDS and to create a supportive policy and financial environment at national and regional levels. This report describes the development of these regional processes and how they have led to a stronger education sector response at the regional level. It also focuses on developments in three countries (Guyana, Jamaica, and St. Lucia) as examples of how this regional effort translates into action at the national level.
Land is the integrating component of all livelihoods depending on farm, forest, rangeland, or water (rivers, lakes, coastal marine) habitats. Due to varying political, social, and economic factors, the heavy use of natural resources to supply a rapidly growing global population and economy has resulted in the unintended mismanagement and degradation of land and ecosystems. 'Sustainable Land Management' provides strategic focus to the implementation of sustainable land management (SLM) components of the World Bank's development strategies. SLM is a knowledge-based procedure that integrates land, water, biodiversity, and environmental management to meet rising food and fiber demands while sustaining livelihoods and the environment. This book, aimed at policy makers, project managers, and development organization, articulates priorities for investment in SLM and natural resource management and identifies the policy, institutional, and incentive reform options that will accelerate the adoption of SLM productivity improvements and pro-poor growth.