FYR Macedonia has kept taxes low and offered tax incentives to attract foreign direct investment (FDI), but that has had a sizable fiscal cost. ... See More + Government revenue as a share of Gross domestic product (GDP), particularly from direct taxation, is much lower than in other European countries, and still eroding. Rationalizing exemptions and introducing progressivity in personal income taxation could increase revenue and improve equity. Reviewing exemptions in corporate taxation and value added tax, while strengthening tax collection efficiency in general would be recommended as well.  See Less -

Document Type: Working Paper Report No.: 131861 Document Date: NOV 01, 2018

Document also available in: Macedonian Disclosure Status: Disclosed

Document Type: Project Paper Report No.: RES33635 Document Date: SEP 24, 2018

Author: Mateos Merino,Almudena Disclosure Status: Disclosed

The development objectives of Sustainable Energy Technologies Development for Climate Change for Mexico are to improve the institutional capacity of Advanced Clean Energy (ACE) technology institutions (both public and private)in the territory of the recipient and to foster the commercialization of ACE technologies by providing financial incentives to the private sector, which together are expected to lead to Greenhouse Gas (GHG) emissions reduction in the future. ... See More + This second level of restructuring seeks to revise several indicators in the Results Framework (RF). Also, the restructuring adjusts some targets based on the observed demand, which could only be assessed during the implementation stage.  See Less -

Document Type: Project Paper Report No.: RES33483 Document Date: AUG 30, 2018

Author: Hernandez Gonzalez,Guillermo Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR32460 Document Date: JUL 11, 2018

Author: Quijada Torres,Cristian Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR32723 Document Date: JUN 21, 2018

Author: Parajuli,Dilip Disclosure Status: Disclosed

The development objective of the Justice Sector Institutional Strengthening Project for Kazakhstan are: (a) to strengthen the institutional capacity of Selected Agencies for effective implementation of selected laws, and (b) to improve the efficiency and transparency of, and access to, selected public services in the justice sector.The project is restructured to reflect the authorities’ intention, and to: (i) reduce the project cost while keeping the PDO and the description of the Project unchanged; (ii) modify the project results indicators; (iii) reduce the government contribution from USD 24 million to about USD18 million; and (iv) cancel USD 9 million from the uncommitted IBRD loan proceeds which will not be utilized due to delays and institutional requirements. ... See More + This restructuring proposal is based on this approach and rationale so as to improve project implementation and achievement of results.  See Less -

Document Type: Project Paper Report No.: RES24826 Document Date: MAY 17, 2018

Author: Malik,Waleed Haider Disclosure Status: Disclosed

Trade rebounded in 2017, with trade volume growing at 4.3 percent in 2017—the fastest rate i

Document Type: Working Paper Report No.: 125930 Document Date: MAY 01, 2018

Author: Constantinescu,Ileana Cristina; Mattoo,Aaditya; Mulabdic,Alen; Ruta,Michele Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR32153 Document Date: APR 25, 2018

Author: Criscuolo,Alberto Disclosure Status: Disclosed

Document Type: Auditing Document Report No.: AUD0011271 Document Date: FEB 11, 2018

Author: Hayfron,Charlotte Disclosure Status: Disclosed

This document is a high-level account of discussions held and conclusions reached during theroadshow. It describes 10 learnings attained over the more than two decades of experience in code development in South Africa. ... See More + Under each of these learnings, we present the South African experience as well as experiences shared in the various countries where the roadshow was conducted. The purpose of this document is to provide guidance to IFC staff, regulators, and private institutions (such as institutes for directors and corporate governance) for developing codes of corporate governance in Sub-Saharan African countries and potentially other developing economies. The objective is for the insights shared in this document to support achievement of the following results: a more effective process of code development, code content that will be easier for organizations to implement, a higher degree of commitment by the users of the code and good governance that will result in better outcomes for organizations as well as the communities and countries in which they operate. This guidance document should be read in conjunction with the IFC Toolkit for Developing Corporate Governance Codes of Best Practice. Before sharing the learnings, it is important to understand the context for the application of corporate governance in Africa. This will provide perspective on why some of the learnings are vital. Organizations—the users of codes of corporate governance—operate in a broader context, which King IV calls the “triple context,” consisting of the economy, society, and natural environment in which organizations operate. In Africa, depending on the country, the triple context may appear as economic and political instability, lack of or failing infrastructure, skills shortage, inequality, water and food scarcity due to environmental vulnerability, and corruption. Furthermore, the application of corporate governance is not mature in all African countries. An IFC study on the link between governance and corporate performance examined the degree of African firms’ adherence to certain aspects of corporate governance. If those foundations are weak, it is unlikely that other areas of corporate governance could be strong. However, it is encouraging that, taken together, the firms scored above 50 percent on all five of the dimensions assessed. Organizations in Africa operate in a challenging triple context, and much work must be done to gain maturity in the corporate governance practices they follow. Codes for corporate governance should be cognizant of these realities.  See Less -

Document Type: Working Paper Report No.: 128955 Document Date: JAN 01, 2018

Disclosure Status: Disclosed