The Haryana Power System Improvement Project for India had a moderately satisfactory outcome and satisfactory Bank performance. The lessons learned were: (1) Low tension connectivity should be part of the High Voltage Distribution System (HVDS) system so as to reap the full benefits of strengthening the distribution. (2) More accurate site assessments are required to plan the alternatives on time. (3) Such project needs an efficient contract management process and the contract termination of inefficient contractors, and the award of new contracts for such work should be time based. (4) During implementation of this project, the project management techniques followed through a third-party agency were useful for quality assurance of material and equipment,field erection work, and safety. (5) Preferences should be given to multi-circuit towers to minimize the Right of Way (RoW)-related issues
... See More + . (6) Practices of laying extra high voltage power cables should be adopted to minimize RoW issues and crossings; high temperature low swag conductors need to be used to reduce RoW issues feeding more number of substations. (7) Optimal use of the existing substation and transmission lines should be ensured by upgrades to avoid land-related issues.
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Implementation Completion and Results Report ICR4426 JUN 25, 2018
The Indonesia Corporate Governance Manual discusses key corporate governance elements that have been contextualized to take into account current Indonesian laws and regulations as well as international best practices.
... See More + While it is recommended to read the entire Manual to gain a full understanding of the corporate governance framework in Indonesia, it is not necessary to read all the chapters in chronological order. The Manual includes examples, illustrations, and checklists to aid clarity and understanding.
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As an European Union (EU) Member State, Romania is subject and aligned to the EU common regulatory framework for banking supervision. The EU regulatory framework for banking supervision has been subject to significant changes since the 2008 global financial crisis and the subsequent sovereign debt crisis.
... See More + The adoption of the Capital Requirements Regulation and the Capital Requirements Directive IV (CRR/CRD IV) which forms the Single Rule Book was an important step towards stronger prudential regulation. Given that a large part of Romania's banking system is owned by Eurozone banks, the Single Supervisory Mechanism (SSM), as the home supervisor for Eurozone banks, is a key partner of the National Bank of Romania (NBR). Prudential regulations of the NBR are broadly aligned to the requirements of the Basel Core Principles (BCP). As of 2017, the NBR has identified 11 banks as systematically important, of which 8 are supervised at group level by the SSM.
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Financial Sector Assessment Program (FSAP) 128958 MAY 01, 2018
This publication provides a baseline exploration into gender diversity in the Ghanaian boardroom.It examines gender diversity—across sectors, ownership types, legal status, listing status, and anumber of organizational and board-level characteristics— to provide empirical evidence to guidethe development of organizational and national policy.
... See More + The study, launched in Accra in October 2016, mainly focused on generating a balanced and objective analysis of the issues surrounding women in the boardroom to ascertain the business case for having females on boards in Ghana. The objectives of the study were to examine the nature of gender diversity in public and private sector boards in Ghana, examine the determinants of board diversity in Ghanaian organizations, examine the relationship between gender diversity and organizational performance in Ghana, and to explore the experiences of women on boards. The first section of this report provides contextand background for the study, beginning with a summary of global trends in gender diversity and,more specifically, an overview of the regulatory and legal framework on gender diversity in Ghana.It also states the purpose of the study and cites significant previous studies. And it describes the research methodology used for this study. The second section presents and discusses the study’s findings, including a look at the firms sampled. It examines the nature of boards and gender diversity in Ghanaian boardrooms and explores gender dynamics within the corporate setting.The final two sections consider the implications of the study’s findings, particularly the challenges, prospects, and experiences of women on boards, followed by a presentation of conclusions and policy recommendations.
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The development objective of KenGen Guarantee Project for Kenya is to enhance KenGen’s ability to attract long-term private capital for the sustainable development of renewable energy.
... See More + This project is an application of the World Bank Group’s Maximizing Finance for Development (MFD) approach. It is classified as both an MFD-implementing and MFD-enabling project as it will use scarce International Development Association (IDA) resources to mobilize private sector financing to strengthen the financial position of Kenya’s main power generation utility Kenya Electricity Generation Company Limited (KenGen) and set it on the path of financial sustainability. This is key for Kenya to create the enabling environment to attract long-term private investments for the sustainable development of renewable energy. Through this IDA Guarantee, the project will support a financial transaction for KenGen, refinancing existing commercial loans of shorter tenor and higher interest rates with a new commercial loan of longer tenor and lower interest rates,thus generating savings for the company. This is a corporate debt restructuring operation.
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This research report is the result of a partnership between the World Bank Group (WBG) and Government Pension Investment Fund (GPIF) of Japan, initiated by the World Bank Group's President, Jim Yong Kim, and GPIF's Chief Investment Officer, Hiro Mizuno.
... See More + The aim is for the World Bank and IFC – member of the World Bank Group focused on the private sector – and GPIF to collaborate on initiatives that promote strategies for including environmental, social and governance (ESG) criteria in investment decisions across asset classes. Ultimately, the goal is to direct more capital towards sustainable investments and leverage the private sector to achieve the scale of investment needed to meet the Sustainable Development Goals.
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