Miscellaneous Knowledge Notes
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Publication
Monitoring Impacts of COVID-19 and Other Shocks, Round 12, Feb-Mar 2023
(Washington, DC: World Bank, 2023-07-28)In June 2020, the Uganda Bureau of Statistics (UBOS), in collaboration with the World Bank, officially launched the Uganda High Frequency Phone Survey (UHFPS) to track the impacts of the COVID-19 pandemic on a regular basis. In June 2022, the scope of the survey was expanded to monitor economic sentiments and the socioeconomic impact of other shocks such as the Russia-Ukraine war, Ebola outbreak and extreme weather events. In addition, the survey is being used to collect perceptions on different development policies and programs. The survey aimed to recontact the entire sample of households that had been interviewed during the Uganda National Panel Survey (UNPS) 2019/20 round and that had phone numbers for at least one household member or a reference individual. This brief presents findings from the most recent round (12th) of the UHFPS, conducted in February-March 2023. -
Publication
Thailand Monthly Economic Monitor, July 2023
(Washington, DC: World Bank, 2023-07-24)The economy maintained moderate expansion, driven by private consumption and tourism. Declining inflation alleviated pressure on living costs and supported private consumption. However, goods exports as well as manufacturing production and investment contracted due to weak external demand. Public debt remained stable;a decrease in budget deficit financing was offset by increased borrowing to support the State Oil Fund. In June, the Thai baht depreciated compared to major ASEAN currencies, primarily due to an all-year high current account deficit. -
Publication
Thailand Monthly Economic Monitor: 21 March 2023
(Washington, DC, 2023-03-21)The economy resumed moderate expansion as private consumption and tourism improved at the beginning of 2023, after a disappointing Q4 outturn. However, lingering soft global demand continued to weigh on goods exports, manufacturing, and private investment. Inflation slowed amid easing global energy prices but remained above the Bank of Thailand’s target range of 1-3 percent. As a result, authorities extended energy-related subsidies while maintaining monetary policy normalization. The Thai baht depreciated the most among major ASEAN currencies in February as the current account turned deficit due to slowing export of goods while substantial portfolio flows exited the equity and bond markets. -
Publication
Thailand Monthly Economic Monitor: February 2023
(World Bank, Washington, DC, 2023-03-14)Growth decelerated more than expected to 1.4 percent in Q4 2022 amid the global economic slowdown. Goods trade contracted while manufacturing production and investment weakened. However, robust private consumption and tourism recovery continued to strengthen the outlook. Headline inflation declined but the second-round impact on domestic prices remained. This prompted the Bank of Thailand to continue monetary policy normalization and the government to extend energy-related subsidies. The current account balance returned to surplus in Q4 2022 on the back of substantially improved tourism receipts, supporting the Thai baht. -
Publication
Aligning Data Governance with the Social Contract for Data to Promote Value, Trust, and Equity
(Washington, DC: World Bank, 2022-03-01)In a world where data are becoming an integral part of our lives, data governance has become essential to support the production, use and reuse of data in a safe, ethical, and secure manner. In effect, data governance enforces the social contract around data, by applying the principles of trust, value, and equity. This primer provides an overview of the different elements of a data governance framework as discussed in the World Development Report 2021, Data for Better Lives. The implementation of the different elements of the framework will be specific to a country context, informed by local norms, laws, and culture. Using this framework, a series of briefs accompanying this primer, will explore and review the data governance landscape in different regions with a view to facilitating the region’s pathway to a green, resilient, and inclusive recovery. -
Publication
Firms’ Recovery from COVID-19 in Malaysia: Results from the 4th Round of COVID-19 Business Pulse Survey
(Washington, DC: World Bank, 2022-02-28)The Coronavirus disease 2019 (COVID-19) business pulse survey (BPS) is a rapid survey designed to measure the various channels of impact of COVID-19 on firms, firm adjustment strategies, and public policy responses. The World Bank, in collaboration with a private survey company, conducted the 4th round of the Malaysia BPS in February to March 2022, following the 1st round in October 2020, 2nd round in Mid-January to February 2021, and 3rd round in July 2021. Firms were sampled randomly from an online business panel database, which consists of 100,000+ companies in all sectors and sizes, across Peninsular and East Malaysia. A minimum sample size was obtained for sectors that are important to Malaysia’s economy and are sensitive to the COVID-19 crisis (export-oriented activities: electronics, automotive, tourism related activities) while preserving the sectoral shares in the sampling frame. The survey was conducted online and yielded 1,500 responses from respondents in senior management positions at their company (i.e. owners, C-suite or Director level). -
Publication
The Pandemic’s Extensive Reform Agenda: How Can the Development Community Contribute?
(Washington, DC: World Bank, 2022-02-15)The COVID-19 crisis requires policy reforms on many fronts, from debt sustainability to climate-smart recovery. This Research & Policy brief draws on theory and empirical evidence to explore the opportunities for the international development community to support policy and institutional reform. The focus is on four dimensions of support: conditional financing, policy dialogue, analytical work, and political institutions. While budget support is important to close financing gaps, the Brief argues that high-quality analytical work and policy dialogue may be needed for sustained reform success. Although political institutions determine public policy, the Brief cautions that supporting changes in the political system may lead to unintended consequences. The Research & Policy brief concludes with a discussion and some avenues for future research in this field.