Miscellaneous Knowledge Notes
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Publication Sub-national Differences in Human Capital in the CEMAC Region(Washington, DC: World Bank, 2024-10-22) World BankCountries in the CEMAC region could strengthen their human capital by investing more in education, health and social assistance. A human capital index of between 0.27 and 0.46 suggests that residents of CEMAC countries achieve between a quarter and a half of their potential. In addition, sub-national analysis reveals significant disparities within the countries. Gaps between urban and rural areas, as well as other regional divergences, generate inequalities that can be mitigated by more strategic and efficient spending. This report presents heat maps for different dimensions of human capital available for the Central African Republic, Cameroon, Chad and the Republic of Congo. The analysis could not for Gabon and Equatorial Guinea, in the absence of recent sub-national data.Publication Thailand Monthly Economic Monitor: 29 August, 2024(Washington, DC: World Bank, 2024-09-03) World BankGrowth accelerated in Q2 to 2.3 percent, slightly above expectations, but the recovery continued to lag ASEAN peers. In June, data indicated a subdued recovery, with activity slowing and consumer confidence declining amid heightened political uncertainty. While manufacturing growth expanded modestly for the full quarter, June activity data shows a renewed decline, and the growth in tourist arrivals slowed. The trade deficit persisted, driven by lagging export recovery and rising imports, particularly from China. Inflation edged up slightly to 0.8 percent (y/y) but remained among the lowest in emerging markets. Fiscal spending accelerated despite political uncertainty; the Bank of Thailand maintained its policy rate while easing credit card repayment regulations to support households. The Thai baht appreciated, driven by expectations of the Federal Reserve’s easing cycle and a persistent current account surplus.Publication The Role of Nature-based Solutions in Disaster Risk Management in Fragile, Conflict and Violence-Affected Countries(Washington, DC: World Bank, 2024-08-20) World BankThe World Bank (WB) estimates that, by 2030, up to two-thirds of the global extreme poor will be living in fragile and conflict-affected situations. Of the top 20 countries most vulnerable to climate change, 14 are considered by the WB as fragile and conflict-affected. Households affected by conflict experience greater economic losses and longer recovery time in the aftermath of a disaster. NBS is an umbrella term for a set of interventions that seek to protect, manage, and/or restore natural systems, while addressing multiple development goals such as climate and disaster risk resilience, economic and social prosperity, food security and biodiversity conservation. By providing targeted support and expertise, the Global Facility for Disaster Reduction and Recovery (GFDRR) is instrumental in overcoming the unique challenges of FCV contexts, ensuring that NBS interventions are not only feasible but also effective in building resilience and stability in these vulnerable regions.Publication High Integrity, High Impact: The World Bank Engagement Roadmap for Carbon Markets(Washington, DC: World Bank, 2024-08-06) World BankCarbon markets could be a game changer in advancing climate action. But they have to be trustworthy, transparent, result in real climate mitigation and bring tangible benefits, especially for developing countries, if they are to make a real difference. Like any effective market, incentives need to be well-aligned, both buyers and sellers need confidence in the quality of the product and the price it will get, and that the transactions themselves are sound and sustainable. The World Bank Group (the Bank) has been supporting countries by providing technical assistance and financing to enable countries to generate, and now to sell, high integrity carbon credits in the forests and other sectors, and bring benefits to people and communities. Through this support countries have generated unimpeachable credits - namely, of high quality and high integrity and developed country systems to share benefits and fairly compensate people and communities. High-integrity carbon markets can be a win-win for people and the planet, potentially generating millions, if not billions, for countries on the pathway to low carbon development. While there are challenges, the potential of carbon markets needs to be tapped and fully utilized.Publication Thailand Monthly Economic Monitor, 30 July 2024(Washington, DC: World Bank, 2024-07-31) World BankRecent indicators of economic activity point to a gradual recovery, supported by improvement in manufacturing production, goods exports, and tourism. The number of tourist arrivals expanded, nearing pre-pandemic levels. However, private consumption moderated. Growth is projected to accelerate from 1.9 percent in 2023 to 2.4 percent in 2024. The Bank of Thailand has maintained a neutral policy rate and anticipates inflation to return to its target by Q4 2024. The banking sector remained stable with adequate buffers, though vulnerabilities in household debt and small and medium enterprise (SME) non-performing loans (NPLs) persist. The government has approved a flagship Digital Wallet program, expected to boost gross domestic product (GDP) in the short term and rolled out a soft loan program to support SMEs. The Thai baht depreciated due to delays in the Fed’s easing cycle and ongoing concerns about the Thai economy.Publication Regional Poverty and Inequality Update Spring 2024(Washington, DC: World Bank, 2024-07-12) World BankThis is the April 2024 issue of the bi-annual Regional Poverty and Inequality Update for Latin America and the Caribbean (LAC), which summarizes the main facts related to poverty and inequality in LAC using the new wave of harmonized household surveys from the Socio-Economic Database for Latin America and the Caribbean (SEDLAC). This brief was produced by the Poverty and Equity Global Practice in the Latin America and Caribbean Region of the World Bank.Publication Vietnam Macro Monitoring(Washington, DC: World Bank, 2024-07-09) World BankIndustrial production showed a significant increase, with the Index of Industrial Production (IIP) growing by 2.6 percent month-on-month (m/m) and 8.9 percent year-on-year (y/y), attributed to improved exports, particularly in manufacturing sectors. Retail sales experienced a modest recovery, growth rate indicated that consumer demand remains relatively weak. Both exports and imports experienced a surge, with exports and imports growing. The y/y growth rates were also substantial, suggesting increased demand from trade partners. Foreign Direct Investment (FDI) commitments and disbursements were solid, with the majority of FDI flowing into manufacturing and real estate sectors. Inflation rates remained stable, with the Consumer Price Index (CPI) inflation at 4.4 percent y/y and core inflation slightly moderating. The Vietnamese Dong (VND) continued to face depreciation pressure against the US Dollar (USD), and the interbank interest rates reflected a tightening of liquidity by the State Bank of Vietnam (SBV). Public revenue collection improved, but public expenditures and investment disbursements showed a slower pace. The government and SBV proposed measures to support the economy, including extending VAT reduction, reducing lending interest rates, and advancing the implementation of revised real estate laws. The report also notes that while there is a recovery in external demand, domestic demand and consumption show mixed signs. The authorities' measures aim to support the economy, but there are concerns about the impact of a strong US dollar and interest rate reductions on the exchange rate. The recommendation is to continue supporting aggregate demand through capital expenditures.Publication Ukraine - Human Development Update(Washington, DC: World Bank, 2024-06-25) World BankThis Ukraine human development update summarizes the cumulative effects of Russia’s invasion of Ukraine, provides an overview of World Bank support, and synthesizes findings from the third round of the Rapid Damage and Needs Assessment (RDNA3, February 2024) on damage and losses incurred between February 24, 2022 and December 31, 2023, as well as estimated needs for reconstruction and recovery in the health, education, and social protection and livelihoods sectors. The RDNA3 was conducted jointly by the World Bank, the government of Ukraine, the European Union, and the United Nations and supported by humanitarian and development partners, academia, civil society organizations, and other partners.Publication Research for Innovation in Health Systems - Improving the Management of Health Care Services for Patients with Multiple Chronic Conditions in Three Latin American Countries: Brazil, Colombia and Uruguay - Key Messages(Washington, DC: World Bank, 2024-06-24) World BankThe accelerated aging of the Brazilian population, alongside the gradual increase in the concomitant occurrence of multiple chronic diseases in the same individual, brings important challenges to the Brazilian National Health System (SUS). n Colombia, during 2012 - 2016, multimorbidity had a prevalence of 19.5 percent for all ages, according to data from the study carried out by the World Bank and the Ministry of Health and Social Protection. The investigation also showed an increase in the use and cost of health services associated with older age and the complexity of multimorbidity, in an aging population that shifts its epidemiological profile towards chronic diseases. The expenditure with patients with multimorbidity in Uruguay is high. Persons with five or more of diseases (Cardiovascular Disease, High Blood Pressure, Diabetes, Chronic Obstructive Pulmonary Disease and Degenerative Neurological Disease) represent 8.44 percent of the total patient population, but their care accounts for 42.07 percent of the total expenditure, and 50.48 percent of the expenditure on medications.Publication Indonesia Coral Bond - An Innovative Ocean Financing Instrument(Washington, DC: World Bank, 2024-06-05) World BankThanks to funding support from the PROBLUE and Indonesia Oceans, Marine Debris and Coastal Resources Multi-Donor Trust Funds, the World Bank, the Government of Indonesia, the Global Environment Facility, the International Union for Conservation of Nature, and BNP Paribas are joining forces to develop the world’s first impact bond for coral reef conservation. The proposed Indonesia Coral Bond is designed to deliver independently verified conservation and biodiversity outcomes in some of the most biodiverse coral reef ecosystems on the planet. The proposed bond leverages an existing US$210 million World Bank operation (the Oceans for Prosperity Project) supporting the Government of Indonesia to increase management effectiveness in marine protected areas