Development Policy Review
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Publication République de Côte d’Ivoire 2021-2030 - Sustaining High, Inclusive, and Resilient Growth Post COVID-19: A World Bank Group Input to the 2030 Development Strategy(World Bank, Washington, DC, 2021-09-23) World BankThis report, initiated at the request of His Excellency President Alassane Ouattara to Hafez M. H. Ghanem, the World Bank Group Regional Vice President for Eastern and Southern Africa, is the first country application of the new regional strategy, Supporting Africa’s Transformation. Albert Zeufack, the Chief Economist of the World Bank Group Africa Region, led a team to synthesize knowledge and experience from Côte d’Ivoire and across the world. The report incorporates the perspective of the new International Development Association agenda, Jobs and Economic Transformation, and addresses three operational objectives for Côte d’Ivoire: create sustainable and inclusive growth by maintaining macroeconomic stability, fighting corruption, advancing digital transformation, and maximizing private finance; strengthen human capital by empowering women, reducing child mortality and stunting, and improving education, health, and social protection; build resilience against fragility and climate change. The National Development Plan 2016-20 consolidated promarket reforms and reaffirmed the ambition to reach upper-middle-income status. Côte d’Ivoire is embarking on a strategy to sustain strong gross domestic product (GDP) growth through 2030 while rapidly reducing poverty. Côte d’Ivoire’s aspiration of becoming an emerging market economy with low levels of poverty requires a long period of strong and inclusive growth. The report analyzes growth trajectories and identifies the investments needed to achieve and sustain desired levels of growth, along with the corresponding financing needs. It discusses the opportunities presented by the country’s surplus labor, young population, and huge diversification potential.Publication Botswana Development Policy Review: An Agenda for Competitiveness and Diversification(World Bank, Washington, DC, 2012-09) World BankBotswana has been one of the most successful countries in the developing world over the last 40 years by many measures. Incomes have grown at a sustained pace, poverty has fallen, and the citizenry has become more educated. To be sure, poverty and income inequalities remain a problem, but rising standards of living have meant a better life for this generation of Batswana than any before it. The question facing the country leadership is whether this commendable performance can be sustained into the next generation. There are clouds on the horizon that cannot be ignored. Diamond earnings, the life blood of decades of prosperity, have flattened out. In per capita terms they are falling. Moreover, because revenues from diamonds going to the public sector have been falling for more than a decade, a growth model predicated upon an ever expanding state presence is not viable. Diamond earnings accruing to the state for subsequent redistribution have peaked. Employment and wages in the public sector have reached their natural limits as a share of Gross Domestic Product (GDP); recycling revenues from mining into the private sector, either directly or through the financial sector, has been inefficient with low social returns; and redistributive mechanisms to support social safety nets are also likely be approaching their limits. The country confronts the challenge of looking for new sources of growth outside of government.Publication De-fragmenting Africa : Deepening Regional Trade Integration in Goods and Services(Washington, DC, 2012-01) World BankThis book is the result of an extensive agenda of analytical work on regional trade integration in Africa involving staff from various units of the Africa region of the World Bank. The aim of this volume is to provide the main messages from this work to a wide audience the private sector, civil society, key ministries, relevant agencies that is necessary to provide the consensus and broad base for successful implementation of reforms. Africa is not achieving its potential in regional trade. The contributions to this volume highlight the enormous scope for increased cross-border trade in Africa and the reasons why such opportunities are not being exploited. The main objective of this introductory chapter is to draw attention to the key reason why Africa's potential for regional trade remains unexploited: the high transaction costs that face those who trade across borders in Africa. The contributions to the volume discuss a wide range of policy related barriers that drive up costs and limit trade. The chapter starts with a review of recent export performance in Africa, noting the strong growth rates in many countries. However, the impact of such growth on employment and poverty has been much muted and important challenges remain, especially with regard to greater diversification of exports, and it is here that effective regional integration that reduces transaction costs can play a key role. The paper then discusses the key barriers that raise costs for traders and continue to fragment the African market. Finally, the paper ends with some specific recommendations for action that policy makers can take at the regional level to support integrated markets in Africa and discusses how the World Bank and other donors can support those wishing to implement the necessary reforms.Publication Guinea : Development Policy Review(Washington, DC, 2008-10) World BankFollowing a decade of relatively strong growth, Guinea's economic performance weakened beginning in 2000. During 1992-1999, growth averaged 4.4 percent a year as the Government implemented a program of economic reforms aimed at liberalizing its economy and improving the environment for private sector investment. With a tightening of financial policies over the 1990s, inflation reached single digits by the late 1990s and the fiscal deficit averaged just over 3 percent of Gross Domestic Product (GDP) in the second half of the 1990s. However, since 2000 growth slowed to an average of 2.8 percent a year and inflation increased to 39 by 2006. Guinea's worsening economic performance since 2000 reflects a weaker policy framework and exogenous shocks. Macroeconomic policies were relaxed, as fiscal policy was loosened and monetary policy became highly accommodative. Government revenues from the mining sector dropped, despite a recovery in the price of bauxite-Guinea's most important export. Also, a heightened level of regional insecurity and a resulting considerable influx of refugees in Guinea put pressure on government expenditures. As a result, the fiscal deficit rose to an average of 5 percent of GDP in 2000-2004. An accommodative monetary policy led to double digit inflation and a crowding out of credit to the private sector. A concomitant slowdown in the implementation of economic reforms, coupled with increased uncertainty in the political climate and deteriorating quality of public institutions, contributed to the slowdown in economic activity.Publication Our Commitment : The World Bank's Africa Region HIV/AIDS Agenda for Action 2007-2011(Washington, DC, 2007-11) World BankThe World Bank is committed to support sub-Sahara Africa in responding to the HIV/AIDS epidemic. This Agenda for Action is a road map for Bank management and staff over the next five years to fulfill that commitment. It focuses on mainstreaming HIV/AIDS activities into broader national development agendas as a critical aspect of economic growth and human capacity development. In preparing the Agenda for Action, consultations have been carried out over several months with a broad constituency, including countries, donors, communities and nonprofit organizations.Publication Our commitment : The World Bank's Africa Region HIV/AIDS Agenda for Action 2007-2011(Washington, DC, 2007-06-24) World BankThe World Bank is committed to support sub-Sahara Africa in responding to the HIV/AIDS epidemic. This Agenda for Action is a road map for Bank management and staff over the next five years to fulfill that commitment. It focuses on mainstreaming HIV/AIDS activities into broader national development agendas as a critical aspect of economic growth and human capacity development. In preparing the Agenda for Action, consultations have been carried out over several months with a broad constituency, including countries, donors, communities and nonprofit organizations.Publication Determinants of the Adoption of Sustainable Land Management Practices and Their Impacts in the Ethiopian Highlands(Washington, DC, 2007-04) World BankAn extensive review of literature on the determinants of adoption and impacts of land management technologies in the Ethiopian highlands was undertaken to guide policy makers and development agencies in crafting programs and policies that can better and more effectively address land degradation in Ethiopia. Several generalizations emerge from the review: 1) the profitability of land management technologies is a very important factor influencing technology adoption. In many cases it is a threshold consideration; 2) land tenure insecurity and limited transfer rights undermine land management investments; 3) the impacts of household endowments on technology adoption are mixed; and 4) the impacts of credit on input use are positive where input use is profitable and not too risky; in other cases credit is not a binding constraint, because farmers ration their use of credit to avoid risk. Further research on the adoption and impacts of land management practices is needed to build on this understanding of what works, and where. Based on this review, as well as the findings from two companion papers and stakeholder workshops, it appears that research in different biophysical and socioeconomic domains to assess the off-site as well as on-site costs and benefits of alternative land management approaches will be particularly useful in supporting efforts to scale up successful sustainable land management practices in Ethiopia.Publication Madagascar : Development Policy Review, Sustaining Growth for Enhanced Poverty Reduction - Technical annex(Washington, DC, 2005-05) World BankThe country's approach to poverty reduction is outlined in the 2003 Poverty Reduction Strategy Paper, and draws on a development approach in which growth and poverty reduction are mutually reinforcing. Three areas of focus are identified in the PRSP: (1) restoration of law and improvements in governance; (2) promotion of broad-based growth; and (3) promotion of systems for establishing human and material security. The DPR presents Madagascar's development policy agenda in an integrated framework within which issues of policy consistency, priorities, and sequencing could be addressed. This DPR focuses on growth and growth strategy. It highlights the main structural and institutional impediments to achieving sustained growth and the factors constraining the ability of the poor to participate in economic growth. Emphasis is put on issues and sectors that contribute directly to growth: private sector development issues, including the availability of credit; elements of competitiveness such as infrastructure and education; and issues in sectors considered sources of growth. While the impact of government policy on poverty i s most directly felt through public expenditure and service delivery, these are dealt with in great detail in the accompanying PER, and will only be touched upon here in the context of government's growth strategy. Finally, the DPR identifies the main sources of vulnerability of the country.Publication Madagascar : Development Policy Review, Sustaining Growth for Enhanced Poverty Reduction, Volume 1, Main Report(Washington, DC, 2005-05) World BankThe country's approach to poverty reduction is outlined in the 2003 Poverty Reduction Strategy Paper, and draws on a development approach in which growth and poverty reduction are mutually reinforcing. Three areas of focus are identified in the PRSP: (1) restoration of law and improvements in governance; (2) promotion of broad-based growth; and (3) promotion of systems for establishing human and material security. The DPR presents Madagascar's development policy agenda in an integrated framework within which issues of policy consistency, priorities, and sequencing could be addressed. This DPR focuses on growth and growth strategy. It highlights the main structural and institutional impediments to achieving sustained growth and the factors constraining the ability of the poor to participate in economic growth. Emphasis is put on issues and sectors that contribute directly to growth: private sector development issues, including the availability of credit; elements of competitiveness such as infrastructure and education; and issues in sectors considered sources of growth. While the impact of government policy on poverty i s most directly felt through public expenditure and service delivery, these are dealt with in great detail in the accompanying PER, and will only be touched upon here in the context of government's growth strategy. Finally, the DPR identifies the main sources of vulnerability of the country.