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Creating Markets In Honduras: Fostering Private Sector Development for a Resilient and Inclusive Economy - Country Private Sector Diagnostic(Washington, DC, 2022-05) International Finance CorporationHonduras has significant investment potential, with ample productive resources, a solid industrial base, a market-oriented reform agenda, a strategic location with access to many international markets, and a growing labor force. The country’s young and growing population is yielding a demographic dividend, which presents new opportunities for economic growth and diversification, especially in the service sectors such as business-process outsourcing (BPO) and in development of digital financial services (DFS). Honduras’s rich endowment of resources and improving business climate have attracted rising levels of private investment, and the country achieved the second highest tradeto-GDP ratio in the Latin America and the Caribbean region prior to COVID-19 crisis. However, large-scale investment and trade have yet to generate rapid economic growth and robust poverty reduction. The public and private sectors will both play vital roles in Honduras’s economic recovery. Ongoing targeted support will be necessary to address the health and humanitarian consequences of the pandemic, mitigate the resulting increase in poverty and inequality, and support the resumption of economic activity. This Country Private Sector Diagnostic (CPSD) is designed to help guide Honduras’s private sector development agenda in this challenging and rapidly evolving context.
Publication(World Bank, Washington, DC, 2018-08-01) World Bank GroupRegulatory policy is essential for economic growth and social welfare. Regulations are the rules set by the state to govern the daily life of citizens and businesses. Regulatory policy, the prerogative to establish these rules, is a key lever of state power. Poland has made progress in improving the quality of its regulatory processes, but important challenges remain. High quality regulations are essential for a sound legal framework based on certitude, legality, and transparency. The strategy for responsible development (SRD) recognizes the importance of regulation to stimulate economic activity in Poland. As the main policy document for economic transformation, the SRD identifies shortcomings in the current development model and makes proposals on how to address them. The strategy offers a good starting point to identify areas in which the World Bank could engage with the Government of Poland to further support the efforts to strengthen a sound regulatory environment for business. This position paper aims at: (i) assessing some of the current efforts made by the Government of Poland in terms of regulatory policy, particularly affecting business; and (ii) identifying areas of potential engagement between the World Bank and the Government of Poland.
The Effectiveness of Private Sector Development Interventions in Fragile and Conflict-Affected Situations: Evidence from Evaluations(International Finance Corporation, Washington, D.C., 2016-11) Liu, Chaoying ; Harwit, EmilyThis systematic review is an effort to fill the knowledge gap about the effectiveness of PrivateSector Development (PSD) interventions in Fragile and Conflict-Affected Situations (FCS). Theobjective of the review is to identify and extract evidence from published evaluations of PSDinterventions in FCS on what has or has not worked in terms of achieving development results,including contributions to peace and stability. The review identified 312 published evaluations of PSD interventions carried out between 2005 and 2014, of which 56 constituted the final data set for the review analysis. The review covered evaluations in 23 countries classified as FCS by the World Bank from 2005-14 and three other countries that experienced conflict. Annex 1 shows how each of the 23 countries were categorized according to the country’s conflict status from the FCS list. In summarizing the evidence, we defined ‘effectiveness’ as how external evaluators measuredthe degree of success in attaining the planned results and objectives of PSD projects in FCS.Project effectiveness was measured within four business lines: SME support, infrastructure,access to finance and investment climate reform. The evaluability, or the ability of evaluators to determine how well projects were implemented, was weak in some projects under review. For example, in 25 percent of the evaluated projects, outcomes were either poorly defined or not appropriate. In addition, the basis for determining success across individual projects was not always clear because projects sometimes defined outputs and outcomes differently, even when long and short-term results were achieved. This limited our ability to appropriately catalog the projects’ evidence in a consistent and clear manner.