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  • Publication
    Characterizing the HIV/AIDS Epidemic in the Middle East and North Africa : Time for Strategic Action
    (World Bank, 2010) Abu-Raddad, Laith J.; Akala, Francisca Ayodeji; Semini, Iris; Riedner, Gabriele; Wilson, David; Tawil, Ousama
    Despite a fair amount of progress on understanding human immunodeficiency virus (HIV) epidemiology globally, the Middle East and North Africa (MENA) region is the only region where knowledge of the epidemic continues to be very limited, and subject to much controversy. It has been more than 25 years since the discovery of HIV, but no scientific study has provided a comprehensive data-driven synthesis of HIV/AIDS (acquired immunodeficiency syndrome) infectious spread in this region. The current report provides the first comprehensive scientific assessment and data-driven epidemiological synthesis of HIV spread in MENA since the beginning of the epidemic. It is based on a literature review and analysis of thousands of widely unrecognized publications, reports, and data sources extracted from scientific literature or collected from sources at the local, national, and regional levels. The recommendations provided here focus on key strategies related to the scope of this report and its emphasis on understanding HIV epidemiology in MENA as a whole. The recommendations are based on identifying the status of the HIV epidemic in MENA, through this synthesis, as a low HIV prevalence setting with rising concentrated epidemics among priority populations. General directions for prevention interventions as warranted by the outcome of this synthesis are also discussed briefly, but are not delineated because they are beyond the scope of this report. This report was not intended to provide intervention recommendations for each MENA country.
  • Publication
    Social Protection and Labor at the World Bank, 2000-08
    (Washington, DC : World Bank, 2009) Holzmann, Robert
    In autumn 2000, the World Bank's board approved the first ever strategy for the new social protection and labor sector, and in January 2001, the sector published the strategy. The subtitle, from safety net to springboard, indicated the World Bank's move toward a broader understanding of poverty reduction and the relationship of risk to poverty. Because risks and access to appropriate risk management instruments matter for poverty reduction and development, the strategy proposed a new conceptual framework - social risk management that will review and reform existing interventions and propose new ones to better assist the vulnerable in addressing the many risks to which they are exposed. After seven years of implementation, it was time to review the strategy and work of the areas of selected core competence: labor market, social insurance (in particular pensions), social safety nets, social funds, disability and development, and risk and vulnerability analysis. The strategic position, its development, and the results by the sector since the launch of its strategy were reviewed and presented to the World Bank's committee on development effectiveness at the end of 2007. The review included a stocktaking of the analytical work and lending operations in each of the six core competence areas. The result of this review and the six stocktaking papers are presented in this publication. They reveal the progress that the World Bank has made in understanding the importance of social risk management for poverty reduction and the critical contribution it makes to equitable and sustainable growth.
  • Publication
    Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union
    (Washington, DC : World Bank, 2008) Alam, Asad; Anós Casero, Paloma; Khan, Faruk; Udomsaph, Charles
    The analysis presented in this report assembles, for the first time, evidence from a variety of sources in the countries of Eastern Europe and the former Soviet Union to show that policy and institutional reforms are important in achieving higher productivity growth. However, significant challenges remain in sustaining that growth. Many countries that started the reform process early, such as the new member states of the European Union, have come to resemble advanced market economies and face challenges in competing successfully in the global economy that are similar to the challenges faced by other European countries. For these new European Union members, the report argues, policies that facilitate innovation and firm expansion will be a key. But for other countries that started the reform process later, such as the countries of Southeastern Europe and the former Soviet Union, there is still a need to address the legacy of transition. For these countries, policies that accelerate restructuring and ease the entry and exit of firms will continue to be essential. This report - part of a series of regional studies of the World Bank's Europe and Central Asia region that has already covered poverty and inequality, the enhancement of job opportunities, trade and integration, migration and remittances, and the challenges posed by aging populations is intended as a contribution to the author thinking about how the World Bank may work more effectively with client states and other partners in the region to promote growth and foster higher living standards in a rapidly changing World.
  • Publication
    Making Finance Work for Africa
    (Washington, DC : World Bank, 2007) Honohan, Patrick; Beck, Thorsten
    Making Finance Work for Africa presents a coherent policy approach that addresses African priorities and can work in African conditions. It challenges the applicability of some conventional views on a range of issues from securities markets and banking regulation to the organization of microfinance institutions. The authors identify promising trends from across sub-Saharan Africa and pinpoint shortcomings. The book will be useful to policy makers, bankers, financial analysts, and economists working in Africa.
  • Publication
    Reforming Payments and Securities Settlement Systems in Latin America and the Caribbean
    (Washington, DC : World Bank, 2007) Cirasino, Massimo; Guadamillas, Mario; García, José Antonio; Montes-Negret, Fernando
    The payments and securities settlement system is the infrastructure (comprising institutions, instruments, rules, procedures, standards, and technical means) established to effect the transfer of monetary value between parties discharging mutual obligations. A securities clearance and settlement system can be considered as part of the overall payment mechanisms of a country, in that it satisfies the main features of this overall definition The purpose of this book is to (a) extract the main lessons and experiences of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative - Western Hemisphere Payments and Securities Settlement Forum (WHI-WHF) regarding the implementation of various reforms; (b) describe status of and major trends in payments and securities settlement systems worldwide and their implications for the LAC region; (c) summarize the detailed assessment findings for each LAC country in the following fields: (1) legal and regulatory framework, (2) main characteristics of the inter-bank exchange and settlement circuits, (3) retail settlement systems, (4) the role of the government as a major participant in the payments system, (5) foreign exchange and cross-border settlement, (6) the operation of the inter-bank money market, (7) aspects related to securities settlement such as the legal framework, clearance and settlement processes, settlement risks, operational reliability, custody, depositories' organizational arrangements, cross-border links, and (8) the oversight role of the central bank, coordination with the regulatory and supervisory role over securities settlement, and cooperation with the private sector; and (d) propose practical observations regarding the implementation of payments and securities settlement system reforms in the LAC region.
  • Publication
    Pensions Panorama : Retirement-Income Systems in 53 Countries
    (Washington, DC: World Bank, 2007) Whitehouse, Edward
    Pensions panorama provides a compendium of facts and analysis that should inform policy making and public debate about retirement-income systems around the world. The section following the introduction sets out a typology: a way of defining and classifying different kinds of pension schemes. It shows which countries have which types of pension schemes, covering all elements of the retirement-income system, including resource-tested benefits and basic pensions as well as public, earnings-related, and compulsory private pension plans. Next, the study sets out the institutional detail: the parameters and rules of different parts of the retirement-income system. The next section presents the core, empirical results: future pension entitlements of today's workers with different levels of earnings from all sources. This section includes the familiar replacement rate indicator: individual pension entitlements as a proportion of individual earnings when working. The following section explores the important role that personal income taxes and social security contributions play in determining the relative incomes of older people. In particular, it shows net replacement rates (that is, pension net of taxes and any contributions, relative to earnings, net of taxes and contributions). The third section on empirical results looks at the link between pension entitlements in retirement and earnings in work. This analysis highlights the key differences in philosophy between different countries' retirement-income systems. Moreover, changes to the pensions-earnings link have been central to many recent reforms to retirement-income regimes. The concluding section sets out a number of dimensions in which the pension systems of 53 countries differ.
  • Publication
    Dancing with the Giants: China, India, and the Global Economy
    (Washington, DC : World Bank, 2007) Winters, L. Alan; Yusuf, Shahid
    This report takes a dispassionate and critical look at the rise of China and India, and asks questions about this growth: Where is it occurring? Who is benefiting most? Is it sustainable? And what are the implications for the rest of the world? The book considers whether the giants' growth will be seriously constrained by weaknesses in governance, growing inequality, and environmental stresses, and it concludes that this need not occur. However, it does suggest that the Chinese and Indian authorities face important challenges in keeping their investment climates favorable, their inequalities at levels that do not undermine growth, and their air and water quality at acceptable levels. The authors also consider China's and India's interactions with the global trading and financial systems and their impact on the global commons, particularly with regard to climate. The book finds that the giants' growth and trade offer most countries opportunities to gain economically. However, many countries will face strong adjustment pressure in manufacturing, particularly those with competing exports and especially if the giants' technical progress is strongly export- enhancing. For a few countries, mainly in Asia, these pressures could outweigh the economic benefits of larger markets in, and cheaper imports from, the giants; and the growth of those countries over the next fifteen years will be slightly lower as a result. The giants will contribute to the increase in world commodity and energy prices but they are not the principal cause of higher oil prices. The giants' emissions of CO2 will grow strongly, especially if economic growth is not accompanied by steps to enhance energy efficiency. At present, a one-time window of opportunity exists for achieving substantial efficiency improvements if ambitious current and future investment plans embody appropriate standards. Moreover, doing so will not be too costly or curtail growth significantly. From their relatively small positions at present, the giants will emerge as significant players in the world financial system as they grow and liberalize. Rates of reserve asset accumulation likely will slow, and emerging pressures will encourage China to reduce its current account surplus.
  • Publication
    Ending Poverty in South Asia : Ideas That Work
    (Washington, DC: World Bank, 2007) Glinskaya, Elena; Narayan, Deepa
    The case studies in this book were developed as part of a year-long learning process initiated by the World Bank in 2003-4 to examine large scale poverty reduction programs in a wide range of developing countries around the world. This volume presents 12 of the case studies from South Asia. . The last two decades saw substantial change in the countries of South Asia. All countries of the subcontinent experienced more rapid growth than in the earlier decades and also saw a definite reduction in the incidence of poverty, resulting in the improvement of the lives of hundreds of millions of poor people. One common element was the adoption of broad based economic reforms involving rethinking of earlier approaches to development. The reforms in South Asia were notable in that they were homegrown, gradual, and accompanied by continual redesign and fine tuning. Individuals can make a difference in fighting poverty when ways are found to institutionalize creative ideas and apply them on a scale extending beyond pilot projects. This book recounts 12 such cases from a range of countries and sectors in the South Asia region, with a focus on how these programmes scaled up and on the potential for applying lessons in other settings. These case studies do not offer a blueprint or model for poverty reduction; there is no single model. Nor do they cover every issue that is important. But they suggest the range of ideas that can be successful and the underlying principles that cut across these diverse initiatives. All the programmes tap the imagination and ingenuity of the South Asian people- in government offices, in civil society organizations, in the private sector, and in the villages and urban neighborhoods. All seek to empower poor people to access the economic opportunities and basic services so necessary to human dignity. The lessons are complex, and applying them will undoubtedly require redesign and fine-tuning to fit the initiatives to the local context. What is important, however, is that the experience of the last two decades has shown that reforms and scaling-up innovations can work in South Asia-and if these examples can be strengthened and expanded in the coming decades, the dreams of a subcontinent free of poverty may be realized.
  • Publication
    An Opportunity for a Different Peru : Prosperous, Equitable, and Governable
    (Washington, DC : World Bank, 2007) Guigale, Marcelo M.; Fretes-Cibils, Vincente; Newman, John L.
    This book argues that Peru faces an unprecedented opportunity to become the next success story in Latin America. In the coming five years, policy making could put the country on a development path similar to the one that, say, Chile, Costa Rica, or Spain have followed over the last two decades. This book includes 32 sector-specific chapters and 2 historical perspectives that precede them. The beginning chapter, a synthesis, builds a comprehensive reform agenda that highlights possible sequencing and priorities. It is organized in five sections-the main messages, the three strategic challenges in Peru's development, and a path for action over the next five years.
  • Publication
    Managing Public Debt : From Diagnostics to Reform Implementation
    (Washington, DC: World Bank, 2007) World Bank
    Managing Public Debt will serve government officials contemplating or in the process of reforming their practices, providers of technical assistance, and practitioners working on building capacity in public debt management. Because effective implementation of debt management strategies also requires a developed domestic government debt market, readers will also be interested in the companion volume, Developing the Domestic Government Debt Market, published by The World Bank in February 2007, based on the same joint pilot program.