This is a statement by Mr. Mohamed Boussaid, Minister of Economy and Finance of the Kingdom of Morocco, on behalf of the Constituency of Afghanistan, Algeria, Ghana, the Islamic Republic of Iran, the Kingdom of Morocco, Pakistan, and Tunisia at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
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This is a statement by Mr. Guy Ryder, Director-General, International Labour Organization, at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
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This is a statement by H.E. Ahmed Bin Mohammed Al-Khalifa, Minister of Finance, Kingdom of Bahrain, on behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syria, United Arab Emirates, Yemen, at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
... Vea más + He emphasizes sustainable development and slow growth shared within and between member countries.
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This is a statement by Mr. Gunnar Bragi Sveinsson, Minister for Foreign Affairs, Iceland, on behalf of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
... Vea más + He discusses social inclusion and human rights, a foundation for shared prosperity, gender equality as a right in itself and as smart economics, environmental sustainability, and natural resources.
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This is a statement by Mr. Pravin J. Gordhan, Minister of Finance at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
... Vea más + The report states the improvement of economic prospects and growth in high-income countries; the progress made to date in aligning the institution to achieve the goals endorsed by governors at the last spring meetings; International Development Association's (IDA's) strong and more targeted investments in regional transformational projects in Sub-Saharan Africa (SSA) as an important component to shaping the future of sustainable growth on the continent; and the progress report on the implementation of the recommendations of the Sendai report and commend the increased integration of disaster risks management (DRM) into policy and investment operations, as well as in country partnership strategies across the Bank Group.
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This is a statement by Mr. Koen Geens, Minister of Finance at the eighty-ninth meeting of the Development Committee held on April 12, 2014. The report states growth in the post-crisis global economy: policy challenges for developing countries; and mainstreaming disaster risk management in World Bank Group operations.
... Vea más + It recognizes the efforts deployed in incorporating disaster risk management into the new country partnership framework model, thereby better informing policy and investment decisions.
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This is a statement by Anton Siluanov, Minister of Finance of the Russian Federation, at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
... Vea más + He discusses growth in the post-crisis global economy concerning policy challenges for developing countries.
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This is a statement by Honarable Alexander B. Chikwanda, Minister of Finance at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
... Vea más + Sub-Saharan Africa (SSA) has continued to maintain a strong pace of economic growth on account of robust domestic demand and capital inflows. This trend is expected to continue as investments in infrastructure increase. This notwithstanding, poverty and unemployment remain high, and the uncertain global environment has only served to compound the risks to economic development. Achievement of sustainable and inclusive development under these conditions requires concerted efforts by governments and the development community in general.
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This is a statement by Mr. Daniel Kablan Duncan, Prime Minister and Minister of Economy and Finance, Republic of Côte d'Ivoire, on behalf of the Group II African Countries, at the eighty-ninth meeting of the Development Committee held on April 12, 2014.
... Vea más + His statement focuses primarily on the topics appearing on the agenda of the April 12, 2014 meeting, namely (i) Growth in the Post-Crisis Global Economy: Policy Challenges for Developing Countries; and (ii)) the Progress Report on Mainstreaming Disaster Risk Management in World Bank Group Operations.
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The objectives of the Social Safety Net Project for Senegal are to support the establishment of building blocks for the social safety net system and to provide targeted cash transfers to poor and vulnerable households.
... Vea más + The project has two components. (1) Support to the development of the social safety net system component will support the government in the development of the social safety net system, as part of a national social protection framework. This component will support (i) the development of core instruments and procedures that will form the backbone of a social safety net system, and (ii) the strengthening of the institutional capacity of the Social Protection Delegation (DGPSN) and sectoral actors of the social safety net system. (2) Support to the national targeted cash transfer program for poor and vulnerable households component will support the expansion and strengthening of the National Cash Transfer Program (PNBSF). This component will finance: (i) monetary transfers to PNBSF beneficiary households; (ii) accompanying measures put in place by the DGPSN, sectoral actors and local institutions; and (iii) selected program management and evaluation costs.
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Documento de evaluación inicial de proyecto 83965 APR 03, 2014
Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports are becoming less informative and new measures are needed.
... Vea más + This paper proposes an ex-post accounting framework of the value added and workers that are directly and indirectly related to the production of final manufacturing goods. The framework focuses on manufactures global value chain income and manufactures global value chain jobs. The paper outlines these concepts and provides trends in European countries based on a recent multi-sector, input-output model of the world economy. The analysis finds that since 1995, revealed comparative advantage of the European Union 27 is shifting to activities related to the production of nonelectrical machinery and transport equipment. The workers involved in manufactures global value chains are increasingly in services, rather than manufacturing industries. The analysis also finds a strong shift toward activities carried out by high-skilled workers, highlighting the uneven distributional effects of fragmentation. The results show that a global value chain perspective is needed to inform the policy debates on competitiveness.
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Documento de trabajo sobre investigaciones relativas a políticas WPS6833 APR 01, 2014
This paper presents findings from the impact evaluation of the Economic Empowerment of Adolescent Girls and Young Women (EPAG) project in Liberia.
... Vea más + The EPAG project was launched by the Liberian Ministry of Gender and Development in 2009 with the goal of increasing the employment and income of 2,500 young Liberian women by providing livelihood and life skills training and facilitating their transition to productive work. The analysis in this paper is based on data collected during two rounds of quantitative surveys in 2010 and 2011, the second of which was conducted six months after the classroom-based phase of the training program ended. Strong impacts are found on the employment and earnings outcomes of program participants, relative to a control group of non-participants. The EPAG program increased employment by 47 percent and earnings by 80 percent. In addition, the impact evaluation documents positive effects on a variety of empowerment measures, including access to money, self-confidence, and anxiety about circumstances and the future. The evaluation finds no net impact on fertility or sexual behavior. At the household level, there is evidence of improved food security and shifting attitudes toward gender norms. These results reinforce the highly positive feedback received from focus group discussions with program participants. Finally, preliminary cost-benefit analysis indicates that the budgetary cost of the EPAG business development training for young women is equivalent to the value of three years of the increase in income among program beneficiaries. These preliminary results provide strong evidence for further investment and research into young women's livelihood programs in Liberia.
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Documento de trabajo sobre investigaciones relativas a políticas WPS6832 APR 01, 2014
Long-term economic growth is the key driver for increasing the economic wellbeing of the population, but the pattern and the incidence of growth also matter.
... Vea más + Economic growth narrowly based on certain enclave sectors or benefitting small groups is neither socially stable nor sustainable. Along these lines, the World Bank recently revised its institutional strategy, establishing two goals, namely: (i) ending extreme global poverty, the traditional goal of the institution, by reducing the percentage of people living on less than $1.25 a day globally to 3 percent by 2030, and (ii) promoting shared prosperity by fostering income growth of the bottom 40 percent of the population. Furthermore, as an overarching condition, the World Bank aims to achieve those goals in a way that is environmentally, economically and socially sustainable to ensure that welfare of the population is not increased at the expense of future generations or specific groups in society. This paper presents first insights into shared prosperity in SEE6 countries. First, it looks at the incidence of growth in SEE6 in the context of the Europe and Central Asia region to determine whether economic growth knowledge gaps are discussed in the paper. The analysis is limited by the availability of micro-data and thus covers different periods by country, depending on each one's most recent data available. Unless otherwise noted, periods refer to: Albania (2008-2012), Bosnia and Herzegovina (2007), Kosovo (2006-2011), FYR Macedonia (2003-2008), Montenegro (2006-2011) and Serbia (2007-2010).
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Under financial constraints, exporting may have less to do with productivity and more to do with financial resources. The established relationship between exporting and productivity would differ when examined through the lens of the working capital needs of the firm.
... Vea más + The hypothesis that working capital matters in the firm's exporting decision is explored in two ways: first, by articulating a dynamic working capital model of the firm that incorporates the firm's export decision. Secondly, by testing the hypothesis empirically using a unique firm level dataset from Bangladesh, where issues of financial constraints are particularly acute. The model shows that productivity determines export status of the firm as long as it is not under financial constraints. However, under financial constraints, export status is less dependent on productivity and more dependent on the availability of working capital. Empirical results support the model's prediction. The relationship between exporting time and the need for greater liquidity is also borne out empirically as shown by a positive and significant correlation between the amount of working capital and the distance of export destination. An important policy implication from the analysis is that short term liquidity is critical in allowing productive firms to export and that access to finance may prevent the benefits of trade liberalization within a country to be fully realized.
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Documento de trabajo sobre investigaciones relativas a políticas WPS6839 APR 01, 2014