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Africa's Power Infrastructure
  • Language: en
  • Pages: 352

Africa's Power Infrastructure

Africa's Power Infrastructure: Investment, Integration, Efficiency is based on the most extensive data collection exercise ever undertaken on infrastructure in Africa: the Africa Country Infrastructure Country Diagnostic (AICD). Data from this study have provided new insights on the extent of a power crisis in the region, characterized by insufficient capacity, low electricity connection rates, high costs, and poor reliabilityùand on what can be done about it. The continent faces an annual power sector financing gap of about $21 billion, with much of the existing spending channeled to maintain and operate high-cost power systems, leaving little for the huge investments needed to provide a l...

Mine Closure and its Impact on the Community
  • Language: en
  • Pages: 80

Mine Closure and its Impact on the Community

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Energy Subsidy Reform in Sub-Saharan Africa
  • Language: en
  • Pages: 125

Energy Subsidy Reform in Sub-Saharan Africa

The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this paper relies on that literature, too, it tailors its discussion to SSA countries to respond to the following questions: Why it is important to reduce energy subsidies? What are the difficulties involved in energy subsidy reform? How best can a subsidy reform be implemented? This paper uses various sources of information on SSA countries: quantitative assessments, surveys, and individual (but standardized) case studies.

FYR Macedonia Green Growth Country Assessment
  • Language: en
  • Pages: 276

FYR Macedonia Green Growth Country Assessment

This green growth country assessment for FYR Macedonia defines and assesses the economic costs and benefits of a shift to greener growth for FYR Macedonia, with a focus on climate action. Multi-sector analytic work tied together by macroeconomic modeling generated a detailed green growth path to 2050. While addressing today's economic challenges, policymakers need to keep the long-term in mind, both the likely impact of a changing climate on water, agriculture, and infrastructure and growing obligations to mitigate greenhouse gas emissions. This consideration is particularly important for decisions on long-lived infrastructure such as power supply, irrigation, or urban streets, water distrib...

Africa's ICT Infrastructure
  • Language: en
  • Pages: 311

Africa's ICT Infrastructure

Africa's ICT Infrastructure reviews how the investment in the sector has been financed and how the structure of the market has changed since the liberalization process started. It looks at the role of both private and public institutions as sources of financing for the sector and charts the emergence of investors from developing countries in leading the expansion of the sector across the region. --

International Survey of Integrated Financial Sector Supervision
  • Language: en
  • Pages: 52

International Survey of Integrated Financial Sector Supervision

Despite the intense debate on the advantages and disadvantages of adopting integrated supervision that has taken place in recent years, little is known about the experiences of countries that have adopted it and the obstacles and challenges they have faced to implement it. In an attempt to shed light on this area, the authors present the results of a survey conducted in a group of 15 countries that have adopted integrated supervision. After a brief review of the literature on integrated supervision, the authors examine four topics: 1) The reasons cited by this group of countries for establishing an integrated supervisory agency. 2) The scope of regulatory and supervisory powers of these agen...

Africa's Infrastructure
  • Language: en
  • Pages: 386

Africa's Infrastructure

Sustainable infrastructure development is vital for Africa s prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa s infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors information and communication technology, irrigation, power, transport, and water and sanitation. 'Africa s Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional ins...

The Distributional and Fiscal Implications of Public Utility Pricing
  • Language: en
  • Pages: 39

The Distributional and Fiscal Implications of Public Utility Pricing

The setting of public utility prices involves balancing various competing government policy objectives, from equity concerns to ensuring the financial sustainability of providers and balancing public finances. In practice, public utility pricing often departs significantly from government objectives and tends to be characterized by unnecessarily complex price schedules, below cost-recovery tariff rates, and sectoral inefficiencies that contribute to large fiscal costs. Countries commonly embark on utility pricing reform in response to these heavy fiscal pressures. The paper discusses various reform options available to governments, with a focus on residential pricing schedules, highlighting their fiscal, financial, redistributive, and efficiency implications.

Governance and Economic Growth
  • Language: en
  • Pages: 20

Governance and Economic Growth

Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property rights protection differs significantly across countries. The author integrates the emergence of property rights within a simple growth framework. Drawing on North (1990), he presents a model where economic performance and enforcement of property rights may reinforce each other. Initial conditions determine the economy's convergence to a high-income or a low-income steady state. Existing empirical evidence offers tentative support for this theory.

The Power of the Mine
  • Language: en
  • Pages: 173

The Power of the Mine

The mining industry could play a key role in Africa s energy sector, since it requires power in large quantity and reliable quality to run its processes. The integration of mining with power system development, with appropriate risk mitigation mechanisms, could bring a win-win solution to utilities, mines, and people at large.