14,694 publications available

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  Prosperity for All / Ending Extreme Poverty : A Note for the World Bank Group Spring Meetings 2014

  

  World Bank (2014-04-10)

  In 2013, the Board of Governors endorsed two new goals for the World Bank Group (WBG). First, the WBG would commit its full energies to bringing an effective end to extreme poverty by 2030. This means reducing to no more than 3 percent the fraction of the world’s population living on less than $1.25 per day. Second, the WBG would focus on ensuring that the benefits of prosperity are shared by shifting from a focus on average economic growth to promoting income growth amongst the bottom 40 percent of people. Critically, the goals need to be achieved in a sustainable manner, thus helping secure the long-term future of the planet and its resources, ensuring social inclusion, and limiting the economic burdens of future generations. This short note begins by looking at progress to date in reducing global poverty and discusses some of the challenges of reaching the interim target of reducing global poverty to 9 percent by 2020, which was set by the WBG President at the 2013 Annual Meetings. It also reports on the goal of promoting shared prosperity, with a particular focus on describing ...

  In 2013, the Board of Governors endorsed two new goals for the World Bank Group (WBG). First, the WBG would commit its full energies to bringing an effective end to extreme poverty by 2030. This means reducing to no more than 3 percent the fraction of the world’s population living on less than $1.25 per day. Second, the WBG would focus on ensuring that the benefits of prosperity are shared by shifting from a focus on average economic growth to promoting income growth amongst the bottom 40 percent of people. Critically, the goals need to be achieved ...

  In 2013, the Board of Governors endorsed two new goals for the World Bank Group (WBG). First, the WBG would commit its full energies to bringing an effective end to extreme poverty by 2030. This means reducing to no more than 3 percent the fraction of the world’s population living on less than $1.25 per day. Second, the WBG would focus on ensuring that the benefits of prosperity are shared by shifting from a ...
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  Myanmar Agricultural Development Bank : Initial Assessment and Restructuring Options

  

  World Bank (2014-04-08)

  Myanmar is an agricultural country. It is estimated that the agriculture sector represents between 35 to 40 percent of gross domestic product (GDP) and that up to 70 percent of the labor force (of 32.5 million) is directly or indirectly engaged in agricultural activities or depend on agriculture for their income. Given agriculture's important contribution to the economy, the modernization of the agriculture sector is a top priority in the economic and social development agenda of the Government of Myanmar. Among the government institutions supporting the agriculture sector, the Myanmar Agriculture Development Bank (MADB) plays an important role. MADB was established in June 1953 by the Government of Myanmar to support the development of agriculture, livestock, and rural enterprises in Myanmar. MADB is currently the largest financial institution serving the rural areas and financing ...

  Myanmar is an agricultural country. It is estimated that the agriculture sector represents between 35 to 40 percent of gross domestic product (GDP) and that up to 70 percent of the labor force (of 32.5 million) is directly or indirectly engaged in agricultural activities or depend on agriculture for their income. Given agriculture's important contribution to the economy, the modernization of the agriculture sector is a top priority in the ...

  Myanmar is an agricultural country. It is estimated that the agriculture sector represents between 35 to 40 percent of gross domestic product (GDP) and that up to 70 percent of the labor force (of 32.5 million) is directly or indirectly engaged in agricultural activities or depend on agriculture for their income. Given agriculture's ...
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  Finland as a Knowledge Economy 2.0 : Lessons on Policies and Governance

  

  Halme, Kimmo; Lindy, Ilari; Piirainen, Kalle A.; Salminen, Vesa; White, Justine (2014-04-08)

  The technology and innovation landscape has changed considerably since 2006 when Finland as a Knowledge Economy: Elements of Success and Lessons Learned [see also report 39378] was first published by the World Bank Institute (WBI). Finland is known for its consistent progress in the economy and competitiveness, as well as the egalitarian society underneath it. Yet, the challenges experienced by Finland in the beginning of the 20th century were similar to those experienced by many countries today. Finland emerged as an independent nation in the midst of international economic and political turbulence. In spite of its remoteness, relative scarcity of natural resources, smallness of the home market and recent history characterized by wars and social cleavages, Finland transformed itself from an agriculture-based economy in the 1950's into one of the leading innovation-driven, knowle ...

  The technology and innovation landscape has changed considerably since 2006 when Finland as a Knowledge Economy: Elements of Success and Lessons Learned [see also report 39378] was first published by the World Bank Institute (WBI). Finland is known for its consistent progress in the economy and competitiveness, as well as the egalitarian society underneath it. Yet, the challenges experienced by Finland in the beginning of the 20th century were ...

  The technology and innovation landscape has changed considerably since 2006 when Finland as a Knowledge Economy: Elements of Success and Lessons Learned [see also report 39378] was first published by the World Bank Institute (WBI). Finland is known for its consistent progress in the economy and competitiveness, as well as the ...
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  South Asia Economic Focus, Spring 2014 : Time to Refocus

  

  World Bank (2014-04-06)

  South Asia experienced a strong cyclical rebound in 2013Q3 growth but has since slowed again. The strong regional growth performance between July and September 2013 can be largely attributed to a temporary pick up in export growth, investment activity, as well as stronger agricultural output. Since the large impact of global portfolio rebalancing in May 2103, emerging markets have separated into a diverse group ranging from continuously fragile to resilient vis-a-vis external pressures. India has managed to turn around the wheel and minimize exposure to further tapering in 2014. Weak growth and exchange rate depreciation have characterized India for some time. Capital inflows into South Asia have regained some momentum and proved more resilient in January 2014 as opposed to May 2013. This report presents recent economic developments; outlook and policy; focus: from external to ...

  South Asia experienced a strong cyclical rebound in 2013Q3 growth but has since slowed again. The strong regional growth performance between July and September 2013 can be largely attributed to a temporary pick up in export growth, investment activity, as well as stronger agricultural output. Since the large impact of global portfolio rebalancing in May 2103, emerging markets have separated into a diverse group ranging from continuously fragile ...

  South Asia experienced a strong cyclical rebound in 2013Q3 growth but has since slowed again. The strong regional growth performance between July and September 2013 can be largely attributed to a temporary pick up in export growth, investment activity, as well as stronger agricultural output. Since the large impact of global portfolio ...
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  Reserve Requirements in the Brave New Macroprudential World

  

  Cordella, Tito; Federico, Pablo M.; Vegh, Carlos A.; Vuletin, Guillermo (2014-04-02)

  In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial stability or systemic risk and the resulting need for “macroprudential policies.” While there is a large and growing literature on macroprudential policies and financial stability, less attention has been paid to how macroprudential policies may facilitate macroeconomic stabilization in the presence of large capital flows. To fill such a gap, this report looks at the use of reserve requirements (RR) as a macroprudential tool. Its findings should be of particular interest to emerging market economists and policymakers that are faced with difficult questions regarding how to cope effectively with volatile capital flows. The analysis builds upon a new dataset on quarterly RR covering a large number of industrial and developing countries for the period 1970-2011. It finds that while no industrial country has resorted to active RR policy since 2004, almost half of developing countries have. Indeed, together with interest rates adjustments ...

  In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial stability or systemic risk and the resulting need for “macroprudential policies.” While there is a large and growing literature on macroprudential policies and financial stability, less attention has been paid to how macroprudential policies may facilitate macroeconomic stabilization in the presence of large capital flows. To fill such a gap, this report looks at the use of reserve requirements (RR) ...

  In the aftermath of the global financial crisis, it is hard to find any macroeconomic policy report that does not include some reference to financial stability or systemic risk and the resulting need for “macroprudential policies.” While there is a large and growing literature on macroprudential policies and financial stability, less attention has been paid to how macroprudential policies may facilitate ...