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Debt Relief and Beyond
The history of debt relief goes back several decades. It reveals that a country s accumulation of unsustainable debt stems from such factors as deficiencies in macroeconomic management, adverse terms-of-trade shocks, and poor governance. Debt-relief initiatives have provided debt-burdened countries with the opportunity for a fresh start, but whether the benefits of debt relief can be preserved depends on transformations in a country s policies and institutions. In 1996, the Heavily Indebted Poor Countries (HIPC) Initiative was launched as the first comprehensive, multilateral, debt-relief framework for low-income countries. In 2005, the Multilateral Debt Relief Initiative was established, wh...
Time to ACT
Indonesia has urbanized rapidly since its independence in 1945, profoundly changing its economic geography and giving rise to a diverse array of urban places. These places range from the bustling metropolis of Jakarta to rapidly emerging urban centers in hitherto largely rural parts of the country. Although urbanization has produced considerable benefits for many Indonesians, its potential has only been partially realized. Time to ACT: Realizing Indonesia’s Urban Potential explores the extent to which urbanization in Indonesia has delivered in terms of prosperity, inclusiveness, and livability. The report takes a broad view of urbanization’s performance in these three key areas, covering...
South Asia Economic Focus Spring 2015
The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region as well as country briefs covering Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It concludes with a data section providing key economic indicators for South Asia "at a glance". Overall, it aims at providing important background information and timely analysis of key indicators and economic and financial developments of relevance to World Bank Group operations and interaction with counterparts in the region, particularly during annual and spring meeting.
Sovereign Debt and the Financial Crisis
The book presents and discusses policy-relevant research on the current debt challenges which developing, emerging market and developed countries face. Its value added lies in the integrated approach of drawing on theoretical research and evidence from practitioners' experience in developing and emerging market countries.
Small States, Smart Solutions
Small states face special hurdles in achieving development gains. These states spend significantly more of their GDP on producing public goods and services, and they face higher connectivity costs than do their larger brethren. Small States, Smart Solutions examines how some small states use international trade and telecommunications technology to outsource services such as justice, banking supervision, public utilities regulation, high-quality medicine, and education. Sourcing these services internationally poses unique challenges but also opens broad opportunities. The eight case studies in this book, based on interviews with government officers and citizens, describe pioneering initiatives undertaken by some small states to better the quality of life of their citizens.
World Bank East Asia and Pacific Economic Update 2011
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.
East Asia and Pacific Update, November 2009
The 'East Asia and Pacific Update' is the World Bank s comprehensive semiannual review of developing economies in the region. This November 2009 issue discusses East Asia's role as the driving force behind the global economic rebound. The region s economy has rebounded from the financial crisis and global recesesion that began in late 2008, but has it reached recovery stage? Why has the East Asia and Pacific region fared better than other developing regions? Can the region continue to grow as fast as it did before the crisis if demand from the developed world remains weak? Take China out of the equation and how is the rest of the region really doing? These are some of the questions addressed in this report. Presenting unique perspectives along with the latest data on the region, the East Asia Update is a valued resource for policymakers, researchers, businesspersons, students, and anyone else with a serious interest in this dynamic region.
World Bank East Asia and Pacific Economic Update 2013
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 in China, growth slowed to 7.8 percent in 2012 due to rebalancing efforts. Risks emanating from the Eurozone and the U.S. have declined since the middle of last year. While still fragile, there are signs of a turnaround in real activity in high income economies, thus external demand for the East Asia and Pacific region's exports will stabilize this year. Movements in high-income country currencies, such as the yen, are likely to affect trade and investment flows in the region in the short term, but a return to sustained growth in Japan would benefit the region as a whole. An emerging issue is the risk of overheating in some of the larger economies. Policymakers need to continue to be vigilant to react to shocks in the world economy, but be prepared to withdraw stimulus as the world economy recovers. For countries that show some signs of inflationary pressures, it would be a good time to rebuild policy buffers.
Regulatory Assessment Toolkit
This toolkit is to offer a practical methodology to government officials and staff from development organizations on how to identify and assess laws and regulations that affect international trade and investment in the services sector.
Routledge Handbook of Urban Indonesia
This handbook focuses on the practices, initiatives, and innovations of urban planning in response to the rapid urbanisation in Indonesian cities. The book provides rigorous evidence of planning Indonesian cities of different sizes. Indonesia, the world’s fourth most populous country, is increasingly urbanising. Through the lens of the Sustainable Development Goals, chapters examine specific policies and projects and analyse 19 cities, ranging from a megacity of over ten million residents to metropolitan cities, large cities, medium cities, and small cities in Indonesia. The handbook provides a diverse view of urban conditions in the country. Discussing current trends and challenges in urb...
