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An Opportunity for All: Venezuelan Migrants and Refugees and Peru's Development

(World Bank, Lima, 2019-11-24) World Bank

Faced with the Venezuelan exodus of unprecedented magnitude in recent Latin American and Caribbean history, the main objective of this study is to determine the social, economic and sectoral implications that this phenomenon is having on Peru, in order to inform the public policy agenda with a view to development. The study presents an analysis which characterizes the different dimensions of the Venezuelan migration to Peru: from the trajectory to the country, the institutional reception and response framework, opportunities and challenges for social integration, gender dynamics, and the Venezuelan population’s access to services and insertion into the labor market. The analysis also provides recommendations that seek to contribute to the strengthening of a humane and orderly migration management, and to capitalize on the potential of an adequate integration of the migrant and refugee population in Peru.
Discussion at the Center for Global Development

(World Bank, Washington, DC, 2019-11-05) Malpass, David

David Malpass, President of the World Bank, addressed the common challenge presented by slowing world growth. He remarked that governance issues are apparent around the world. On matters of debt, he emphasized dispute settlement, debt contract transparency, contract fairness, and facilitating better living standards. He noted that some countries’ debt payments are in arrears.
Benefit Sharing at Scale: Good Practices for Results-Based Land Use Programs

(World Bank, Washington, DC, 2019-11-01) World Bank Group

Land use initiatives that distribute result-based payments for emission reductions need to define transparent and equitable benefit-sharing plans for how these incentives flow to a diverse range of stakeholders. This study synthesizes good practices for benefit sharing in jurisdictional land use programs that make results-based payments for emission reductions. The report draws lessons from large-scale programs and other relevant initiatives that involve benefit sharing focused on forests, land use, natural resources, and climate change. The analysis is designed to support government and program staff in developing and implementing benefit-sharing arrangements for jurisdictional level results-based land use programs, including participant countries of the World Bank’s Forest Carbon Partnership Facility (FCPF) and BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL).
2019 ICSID Annual Report: Excellence in Investment Dispute Resolution

(Washington, DC: ICSID, 2019-10-18) International Centre for Settlement of Investment Disputes

ICSID is an international facility available to States and foreign investors for the resolution of investment disputes. Established in 1966 by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention), it is the only global institution dedicated to international investment dispute settlement. Through its specialized rules of procedure, world-class facilities, and expert legal and administrative support, ICSID provides unparalleled dispute resolution services to States and investors. Since the first case was registered with ICSID in 1972, the majority of all known international investment disputes have been administered by ICSID.
Opening Remarks at the 2019 Annual Meetings Opening Press Conference

(World Bank, Washington, DC, 2019-10-17) Malpass, David

David Malpass, President of the World Bank Group, highlighted the urgent priorities for discussion with shareholders. Global growth is slowing. Investment is sluggish, manufacturing activity is soft, and trade is weakening. The challenges of climate change and fragility are making poor countries more vulnerable. This backdrop makes our goals of reducing extreme poverty and boosting shared prosperity even harder. He suggested that with the right mix of policies and structural reforms, countries can unleash growth that's broadly shared across all segments of society. He spoke about how the Bank is helping countries build strong programs tailored to the unique circumstances of their economies. He highlighted the importance of education. He mentioned the proposed IDA replenishment, and reaffirmed commitment to projects on climate and on gender inclusion. In conclusion, he said that the well-designed structural reforms are needed to unlock growth and build the foundations for future prosperity.
Trade Integration as a Pathway to Development?

(Washington, DC: World Bank, 2019-10-10) World Bank

After a period of rapid economic growth associated with high commodity prices, the Latin America and Caribbean region has again entered a phase of lackluster performance. Overall this slowdown seems more self-inflicted than imported, and the outlook for the region is not encouraging either. A tepid export response constrains the prospect of growing through external demand whereas limited fiscal space leaves little room to stimulate domestic demand. The outlook could deteriorate further if the international environment became less conducive. This report explores whether inward-looking development strategies could be one of the reasons for slow growth in Latin America and the Caribbean. Trade barriers are higher than in other developing regions, and while numerous preferential trade agreements have been signed, many of them are intra-regional. The report shows that South-North agreements are associated with increases in economic complexity and faster economic growth than South-South agreements. It illustrates the point by assessing the economic, social, spatial and environmental impacts of two major: South-North agreements signed over the last year.
Driving Growth from the Ground Up

(World Bank, Washington, DC, 2019-10-07) Malpass, David

David Malpass, President of the World Bank Group, spoke about the urgency of growth in developing countries. He discussed innovations in digital financial services that provide secure systems to allow poor people to electronically receive remittances, foreign aid, and social safety-net payments as well as their earnings. He cautioned about the slow global growth, and it's paramount that countries carry out well-designed structural reforms to ignite domestic growth. He highlighted on the importance of a clear analysis and understanding of a country's laws and regulations and a path of reforms or catalytic investments that will expand the private sector. Finally, he concluded by saying that World Bank Group won’t give up on its main goal of reducing extreme poverty.
The World Bank Annual Report 2019: Ending Poverty, Investing in Opportunity

(Washington, DC: World Bank, 2019-10-02) World Bank

The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)--collectively known as the World Bank--in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.
Remarks at the 2019 UN High-Level Meeting on Universal Health Coverage

(World Bank, Washington, DC, 2019-09-23) Malpass, David

David Malpass, President of the World Bank Group, spoke about the importance of accelerating progress toward universal health coverage (UHC), which is critical in alleviating extreme poverty and boosting shared prosperity. He highlighted on the role of IDA in funding the low-income countries for healthcare. He stated that the IDA funding was not enough and estimated a financing gap to achieve UHC in fifty-four of the poorest countries. He proposed four priority areas to close that gap. He concluded by saying that the country leadership is critical to build a healthier, prosperous, promising future for their people.
Long-Term Effects of PROSPERA on Welfare

(World Bank, Washington, DC, 2019-09) Aguilar, Arturo ; Barnard, Cristina ; De Giorgi, Giacomo

The long-term effects of Mexico's conditional cash transfer program, PROSPERA, on poor households are of great interest to policy makers and academics alike. This paper analyzes the long-term effects on the welfare of the original participant households and their offspring, about 20 years after the inception of the program. To complement other studies that look into the effects on schooling and health, the analysis focuses on a utilitarian definition of welfare and employs two empirical strategies. The first uses the 1997-2000 experiment as the cleanest, albeit limited, source of variation. The analysis finds that by 2017–18, the offspring of original beneficiary households are more likely to have formed their own households, to have migrated to different localities, and to have more durable assets and larger consumption expenditures than their control counterpart. The second strategy confirms and expands those findings using a difference-in-difference methodology based on the localities' rollout of the program and the age of the individuals, as a proxy of exposure. This second approach covers a much larger and representative sample, while also directly observing self-reported vulnerability in food consumption. The findings confirm the generally positive outlook in terms of durable assets and lower food vulnerability. Perhaps more interestingly and relevant for evaluating the success of the program is that it improved intergenerational mobility. Using the 1997-2000 experiment, the analysis finds that the young adults who benefited from the program improved with respect to their parents in education, assets holding, and income. They appear to be climbing the ladder of assets and income.