Other ESW Reports

241 items available

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This includes miscellaneous ESW types and pre-2003 ESW type reports that are subsequently completed and released.

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    Dealing with Disasters: Analyzing Vanuatu’s Economy and Public Finances Through the Lens of Disaster Resilience
    (Washington, DC, 2022-02-01) World Bank
    This report provides a selected analysis of Vanuatu’s economy and public finances, emphasizing the lens of disaster resilience. It draws upon the analysis and tools from two core World Bank diagnostic products, the Country Economic Memorandum (CEM) and Public Expenditure Review (PER) while bringing the depth and breadth of the analysis to scale with country context and key constraints. In terms of the economic analysis, the report first examines the country’s recent economic performance, followed by an analysis of the agriculture sector, labor mobility, and the tourism sector. In terms of public expenditure analysis, the report first discusses overall fiscal trends and prospects, after which the overarching Public Financial Management (PFM) framework is analyzed. The report concludes with an analysis of public spending in the education and health sectors.
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    Assessing Financial Risks from Physical Climate Shocks: A Framework for Scenario Generation
    (Washington, DC: World Bank, 2022-02-01) Ranger, Nicola Ann ; Mahul, Olivier ; Monasterolo, Irene
    Climate change has become a main concern of ministries of finance, central banks, and financial regulators. In response, a suite of scenarios and tools have been developed tthe potential scale of climate risks and underprice investments in resilience. This is particularly important for emerging markets and developing economies where exposure to physical climate risks is already high and is expected to further increase with climate change. The paper identifies five areas, or risk drivers, that make a material contribution to physical climate risks to the financial sector and that are not consistently included in current scenarios and tools: (1) extreme weather events; (2) uncertainties in climate models; (3) compound scenarios; (4) indirect economic impacts of shocks; and (5) feedback between the real economy and the financial sector. We derive a framework for generating scenarios to assess acute physical climate-related financial risks, which is inspired by the “Realistic Disaster Scenarios” that are used in risk management and supervision in the insurance sector. The framework is illustrated through an application of the EIRIN macroeconomic model. This framework aims to complement recent work by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) and the Financial Stability Board (FSB) to inform ministries of finance, central banks, financial regulators, and financial institutions on climate financial risk assessments, both for micro- and macroprudential risk management, and to incorporate climate risks into wider financial decision making and disclosures.o assess the financial risks from physical climate shocks (for example, hurricanes, droughts, wildfires, flooding). However, those scenarios do not fully capture such shocks, which could lead financial institutions to underestimate.
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    The Circular Plastics Economy in Mozambique: Challenges and Opportunities
    (Washington, DC, 2021) World Bank
    The World Bank Group developed the Mozambique problue program (MozAzul) to provide comprehensive technical assistance to the Government of Mozambique on the blue economy agenda. The objective of the MozAzul program is to strengthen the knowledge base on the sustainable blue economy development in Mozambique, and under pillar 2, specifically on marine litter. This study is intended to inform the government’s upcoming national action plan to combat marine litter as well as intensify engagement with stakeholders, including innovators and around new business models. It is mainly concerned with assessing the circular economy opportunities in Mozambique as they relate to marine plastics litter. The assignment forming the basis of this study has set its parameters on the upstream (pre-waste) opportunities for plastics circularity, leveraging the Ellen MacArthur Foundation’s ReSOLVE framework to map out the various levers that organizations may employ in their transition towards improved material efficiency. The methodology leverages extensive desk research, the collection of primary data through interviews with relevant stakeholders located in Mozambique, and interviews with key stakeholders who can provide insight on the circular opportunities and existing business models practiced in Mozambique. The methodology also leverages real-time findings concurrently being developed by local and international experts, and organizations conducting parallel studies (i.e. IUCN). As of the writing of this report, Coronavirus disease 2019 (COVID-19) continues to hamper Mozambique’s economy and health sectors. As a result of the ongoing pandemic, this report is decidedly both more thorough in explaining the new concepts and approaches leading to the explanation of circular economy opportunities in Mozambique, and simultaneously less reliant on local stakeholder interviews than initially intended.