The Afghanistan New Market Development Project- Additional Financing (ANMD-AF) is an extension of the parent ANMDP that was launched as a pilot project in 2011 with the overall objective of transforming Afghanistan's major cities into strategic hubs of economic growth by supporting private sector development and attracting investments.
... See More + Some of the negative impacts and mitigation measures include: (i) ensure that carpet and weaving workers are provided safety kits (Personal Protection Equipment) at the facility and that they are trained in using it; (ii) ensure that all medical waste, including chemical residues, are properly disposed of at designated sites; (iii) proper disposal of hazardous materials at a designated site; (iv) incorporate fire safety into management plan, including means of warning and escape, internal fire spread, external fire spread, and access and facilities for the fire service; (v) ensure proper ventilation in the facility, if required for mining and mineral processing workers; (vi) earth roads should frequently be sprayed with water considering weather conditions and soil erodibility; (vii) all people within the vicinity of the factory site should use helmets and masks; (viii) ensure that the leftovers of a vaccination and other medical waste are properly disposed of at a designated site; (ix) proper signage should be in place in appropriate locations around the site to warn workers, visitors and other traffic; (x) the firm must comply with the Afghan Labor Law in not hiring underage children, particularly for work that may expose them to hazardous materials; (xi) if synthetic nylon or polyester materials are used in textile industries the waste must be properly managed and disposed of at a proper disposal site; and (xii) consider sand traps, silt fences, flushing programs, upstream reservoirs and cofferdams, intake design to enable sediment bypass, controlled dredging, physical bank stabilization, revegetation of erosive slopes.
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The development objective of the Nairobi Metropolitan Services Improvement Project for Kenya is to strengthen urban services and infrastructure in the Nairobi metropolitan region.
... See More + Some of the negative impacts and mitigation measures include: (1) cash compensation of all immoveable developments on the affected land, such as structures; (2) replacement of lost land by agricultural land of similar potential under similar customary tenure arrangements - cash compensation for land or non - cash compensation of land; (3) resettlement house of similar or better quality on a resettlement plot and cash compensation of the lost house per Kenyan law at full replacement value; and (4) cash compensation of standing perennial crops at replacement value and of non-perennial crops at market value.
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This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other measures, the financial globalization index corrects for the heteroscedasticity of global volatility.
... See More + This leads to a downward adjustment of financial globalization trends for developed, emerging, and frontier markets. The paper also shows that financial globalization reduces market volatility (measured by the volatility of stock returns) in tranquil times, and increases it in turbulent ones. On average, the first effect dominates, so that financial globalization leads to a decrease in market volatility, which is more pronounced in frontier markets.
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Policy Research Working Paper WPS8091 JUN 07, 2017
The development objective of the Urban Water Project for Guinea are to increase access to improved water services in the Greater Conakry area and improve the operational efficiency of the urban water utility.
... See More + The project components were selected on the basis of (a) the Guinea urban water supply diagnostic study and reinforcement plan, 2013 (ARTELIA) and (b) the urban water supply master plan for Conakry (1996) with further refinements during preparation (including the urban water supply for Conakry options, World Bank 2016) and lessons learned from the recent World Bank engagement in the water and sanitation sectors in Conakry. The proposed project will consist of four components. The First component, Urban Water will invest approximately US$26.2 million to increase water production capacity and rehabilitate obsolete parts of the distribution network including targeted extension to improve water service delivery in Conakry in general and the peri-urban poor in particular. The Second component, urban sanitation aims to support the Government with a citywide baseline survey on the current condition of urban sanitation in Greater Conakry, together with the development of a sanitation strategy and master plan for its improvement that would guide interventions in the sector (that is, on-site sanitation, fecal sludge management, and sewerage system). The Third component, institutional strengthening and project management aims to support the water sector institutions and the urban water sector reform and to enable the Project Implementation Unit (PIU) to exercise its responsibilities through the following activities: (i) Water resources management, (ii) Urban water sector reform, and (iii) Project Implementation Unit (PIU). The Fourth component, contingent emergency response is to improve the Government’s response capacity in the event of an emergency, following the procedures governed by OP/BP 10.00 paragraph 13 (Rapid Response to Crisis and Emergencies).
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This paper examines how the 2008-09 financial crisis affected labor markets in Central and Western Europe, and how this impact depended on employment protections laws.
... See More + Using a differences-in-differences approach that compares industries with varying degrees of inherent dependence on external financing, the analysis finds that the crisis had significant negative impacts on employment, particularly on temporary, less skilled, and younger workers. These impacts on the level and composition of employment were significantly stronger in countries with stronger legal protection of permanent workers from dismissal. This finding suggests that, given regulatory inflexibility in adjusting the permanent workforce, firms responded to tightening financial constraints by disproportionately laying off temporary workers (who tend to be younger and less skilled than permanent workers).
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Policy Research Working Paper WPS8085 JUN 05, 2017
The objective of the Second Strengthening Agriculture Public Services Project for Haiti are to: (a) reinforce the capacity of the Ministry of Agriculture, Natural Resources and Rural Development to provide or facilitate access to services in the agricultural sector; (b) increase market access to small producers and food security in Selected Areas; and (c) provide financial assistance in the case of an Agriculture Sector Emergency.
... See More + This Project Paper also seeks the approval of the Executive Directors to undertake a Level 1 restructuring that would include: (i) revision of the Project Development Objective (PDO) wording to reflect activities in the affected areas and an increase in scope of the Emergency Response Contingency (ERC); (ii) activation of the Involuntary Resettlement Policy (OP/BP 4.12) to anticipate the possibility of an involuntary resettlement in the affected areas; (iii) upgrading of the Results Framework to reflect adjusted outcomes and targets, and emerging good practices in climate resilience; (iv) extension of the original grant closing date to align it with the closing date of the Additional Financing; and (v) reallocation of proceeds between disbursement categories.The Additional Financing will scale up the farmer subsidy scheme and support new activities inthe area affected by Hurricane Matthew. The new activities will focus on rehabilitating irrigationand drainage, recapitalizing livestock and agricultural assets, and building resilience to extremeweather. The restructuring will involve the rewording of the PDO and its indicators to reflect thenew potential outcomes, the triggering of OP/BP4.12 (Involuntary Resettlement), a reallocationbetween disbursement categories, and the extension of the closing date.
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The FIRST Lessons Learned Series is a collection of FIRST's technical and functional insights gained from FIRST funded engagements. This knowledge note shares valuable lessons from FIRST-funded DIS projects led by the Finance and Markets Global Practice at the World Bank.
... See More + The paper addresses some of the most important lessons learned and some of the key challenges faced in building effective deposit insurance systems (DIS) in developing countries.
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The development objective of the Strengthening Social Risk Management and Gender-Based Violence Prevention and Response Project for Uganda are to increase: (i) participation in Gender-Based Violence (GBV) prevention programs; and (ii) utilization of multi-sectoral response services for survivors of GBV in targeted districts.
... See More + This project has three components. 1) The first component, Prevention of social risks and gender-based violence will strengthen the development, coordination and implementation of a set of comprehensive GBV prevention interventions within the broader context of social risk management. In particular, this component will focus on: (i) promoting behavior change and addressing social norms and values that may enable or condone GBV at community and household level as well as in the workplace; (ii) strengthening referral mechanisms and ensuring information on available services for GBV survivors is available and widely disseminated at community level and in the workplace (in prioritized sectors). This component has two sub-components, (a) Preventing Gender-Based Violence in the workplace in the broader context of social risk management; (b) GBV prevention and referral at community level in the context of social risk management; 2) The Second component, Gender-Based Violence Response in the context of social risk management will strengthen the responsiveness of front-line service providers: Health Sector, Uganda Police Force and the Directorate of Public Prosecution to cases of GBV and improve their ability to provide quality care to survivors. This component will: (i) strengthen national coordination systems, (ii) support the enhancement and adoption of comprehensive guidelines for referrals; (iii) the review and updating of Standard SOP for the Justice Law and Order Sector (JLOS) and; (iv) training curricula for Uganda Police Force. This component has two sub-component, (a) Strengthening the Health Sector Response to GBV, and (b) Strengthening the Justice Law and Order Sector (JLOS) Response to GBV; 3) The third component, project management and monitoring and evaluation will cover overall project management costs to ensure efficient and effective coordination, fiduciary management at national and local levels. This component will focus on the review and roll-out of a National System for data collection on GBV. The project will further support key measures to ensure effective data collection and information management on GBV. The project will assess the data currently being collected through the National GBV Database and the Occupational Health and Safety Database currently managed by Ministry of Gender Labor and Social Development (MOGLSD) as well as the data on GBV currently collected through the Health Management Information System (HMIS). This component consists of two sub-component, (a) project management and (b) monitoring and evaluation.
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The development objective of Regional Agricultural Competitiveness Project for OECS countries is to enhance access to markets and sales for competitively selected farmers and fishers, as well as their allied aggregators and agro-processors, in Grenada and St.
... See More + Vincent and the Grenadines. This project has four components. 1) The first component, Support for Preparation of Business Plans, aims to: (a) promote an understanding of the Project’s scope and objectives through outreach to potential stakeholders and beneficiaries (such as individual and organized Farmers and fishers (FFs), Aggregators and Agro-processors (AAs), buyers, and lenders); (b) identify potential business opportunities for prioritized value chains and their translation into viable and profitable business proposals; and (c) prepare full business plans for selected proposals. 2) The second component, Implementation of Business Plans, aims to provide matching grants to co-finance the implementation of technically feasible, financially viable, economically profitable, socially responsible, and environmentally sustainable business plans, which, when implemented, will contribute to a consistent and timely supply of sufficient quantities of quality produce to buyers while providing a reliable income to allied FFs. 3) The third component, General Agricultural Services and Enabling Environment, aims to strengthen general agricultural public services directly linked to the subprojects described in Component 2 and needed to enhance the probability of success. 4) The fourth component, Project Management, Monitoring, and Evaluation, aims to ensure effective project implementation, monitoring of activities and final project evaluation.
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The authorities have actively pursued restoring credibility in the financial system following the collapse of the system’s fourth largest bank in 2014.
... See More + To restore credibility, the authorities - in addition to requesting a Basel Core Principles (BCP) assessment in 2015 and this financial sector assessment program (FSAP) - conducted an asset quality review (AQR) for banks and balance sheet review for non-banks, initiated reforms to Bulgarian National Bank (BNB) supervision and introduced a new bank resolution function. It is important that the authorities continue in their efforts to strengthen the banking sector. The FSAP stress test showed more pronounced effects, though broadly in line with that of the authorities, reflecting differences in approaches. While the financial safety net and crisis management arrangements are based on sound foundations, further effort is needed to fully develop the financial safety net’s components. This includes strengthening the early intervention framework, and defining joint BNB - Ministry of Finance (MoF) strategies for liquidity assistance. A more targeted strategy is needed to address high nonperforming loans (NPLs), which can help reinvigorate the economy. A number of reforms are necessary to support the prudent development of the pension and insurance sector.
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Financial Sector Assessment Program (FSAP) 116053 MAY 01, 2017
The authorities have actively pursued restoring credibility in the financial system following the collapse of the system’s fourth largest bank in 2014.
... See More + To restore credibility, the authorities - in addition to requesting a Basel Core Principles (BCP) assessment in 2015 and this financial sector assessment program (FSAP) - conducted an asset quality review (AQR) for banks and balance sheet review for non-banks, initiated reforms to Bulgarian National Bank (BNB) supervision and introduced a new bank resolution function. It is important that the authorities continue in their efforts to strengthen the banking sector. The FSAP stress test showed more pronounced effects, though broadly in line with that of the authorities, reflecting differences in approaches. While the financial safety net and crisis management arrangements are based on sound foundations, further effort is needed to fully develop the financial safety net’s components. This includes strengthening the early intervention framework, and defining joint BNB - Ministry of Finance (MoF) strategies for liquidity assistance. A more targeted strategy is needed to address high nonperforming loans (NPLs), which can help reinvigorate the economy. A number of reforms are necessary to support the prudent development of the pension and insurance sector.
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Financial Sector Assessment Program (FSAP) 116053 MAY 01, 2017
The development objective of the Tamil Nadu Rural Transformation Project for India is to promote rural enterprises, access to finance and employment opportunities in selected blocks of Tamil Nadu would support the mobilization and strengthening of producer organization and finance their business plans by providing start-up capital that will go towards productive investment, technical assistance and business development.
... See More + Some of the negative impacts and mitigation measures are includes : (i) identification of market driven enterprise opportunities to initiate economic activities involving tribal women; (ii) identification of Livelihood opportunities for women in tribal locations; (iii) promotion of tribal focused natural resources and Non Timber Based Forest Produce (NTFP) based value chains and enterprise activities; (iv) promoting traditional skills- carpentry, blacksmith, knitting, pottery; (v) promoting traditional nutritious food consumption; (vi) positioning women in one stop facility and strengthening management skills in community and process management; (vii) facilitate loan for agriculture, markets for produce that pay higher value, skilling for enabling off seasonal employment, support for taking up economic activity, promoting traditional skills and connecting to niche markets; (viii) identify and assist in removing barriers in female education, facilitate scholarship and other support available for education and flexible non-formal education for those who are out of school, strengthening federations and ensuring institutional support for sustaining finance support; (ix) ensuring financial support and inclusion, providing skills that promote traditional handicrafts and other for which raw material are locally available; (x) facilitating enrolment for higher education while ensuring they do not have to move away from their habitation by identifying suitable courses within the region.
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Social enterprises (SEs) are defined as private organizations that use business approaches to achieve social, environmental and economic outcomes.
... See More + The number of SEs providing social services has grown rapidly across the world, and is reaching sizeable populations. This note is prepared at the request of the Ministry of Finance (MoF) of Russian Federation to support drafting and implementation of new law on outsourcing municipal social services. The note is part of the technical assistance provided to the Ministry of Finance (MoF). This note explores various policy options for engaging social enterprises as services providers and creation of a competitive market for service provision in Russia. In particular, the MoF expressed interest to learn from examples of Canada, Germany, France, Sweden, United Kingdom (UK) and United States (US).
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This is a statement by Mr. Abdulrahman Al-Hamidy, Director General Chairman of the Board at the ninety-fifth meeting of the Development Committee held on April 22, 2017.
... See More + He discusses on: why financial inclusion is of particular importance in the Arab region?; and Arab Monetary Fund (AMF’s) approach and operations.
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This is a statement by H.E. Apisak Tantivorawong, Minister of Finance, at the ninety-fifth meeting of the Development Committee held on April 22, 2017.
... See More + He spoke about three major groups of challenges of Democratization of Information, De-monopolization of knowledge, and Disruption of Technology and Innovation that economies in South East Asia and Pacific are facing now. He discussed about the progress and challenges in accomplishing the vision for the World Bank Group (WBG) in 2030. He appreciated the WBG’s tremendous efforts in helping clients cope with global challenges. In conclusion, he reiterated his support in strengthening of the WBG’s financial capacity to become a Better and Stronger Bank.
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This is a statement by The Honorable Taro Aso, Deputy Prime Minister and Minister of Finance, at the ninety-fifth meeting of the Development Committee held on April 22, 2017.
... See More + While the need for assistance from IDA is increasing as we progress towards the Sustainable Development Goals, many donors are facing severe fiscal constraint which leads to limited capability to provide development assistance. He is very pleased that IDA18 concluded with a remarkable package to deliver strong support for developing countries despite these circumstances by utilizing the loan contribution scheme from the previous replenishment and by introducing a new innovative financing mechanism to allow IDA to access capital markets. He welcomes the report on the progress in the Forward Look commitments, and ask for further efforts towards becoming a better Bank, as an important stepping stone for discussions towards becoming a stronger Bank. The world is facing a wide range of complicated development challenges. He expects the WBG to tackle these challenges by convening powers of various donors, other international organizations and private sector, with the multilateralism of the WBG as a core value.
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This is a statement by H.E. Hadizatou Rosine Coulibaly-Sori, Minister of State for Planning and Development at the ninety-fifth meeting of the Development Committee held on April 22, 2017.
... See More + He discusses on following: forward look: a vision for the World Bank Group (WBG) in 2030 - progress and challenges; the International Bank for Reconstruction and Development (IBRD) shareholding review progress report; and a stronger (WBG) for all.
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This is a statement by Ms. Angel Gurría, Secretary-General at the ninety-fifth meeting of the Development Committee held on April 22, 2017. He states that collective efforts to mobilize the financial resources required to implement the 2030 agenda are an urgent priority.
... See More + Official Development Assistance (ODA) from members of the Organization for Economic Co-operation and Development (OECD's) Development Assistance Committee (DAC) reached a new all-time high of Unites States dollar (USD) 142.6 billion in 2016, marking an increase of 8.9 percent over 2015. Given financing needs for the 2030 agenda are expected to run into the trillions, ODA must be deployed more strategically to catalyze additional financing. Alongside these efforts, the OECD is continuing to leverage its convening power to engage existing and new development actors and build and consolidate multi-stakeholder partnerships. The OECD’s Development Centre brings together 27 OECD members and 25 emerging and developing countries to support knowledge-sharing and evidence-based dialogue. The OECD’s Development Assistance Committee is developing the total official support for sustainable development (TOSSD) measurement framework to track all officially supported finance allocated to development, a metric designed to complement ODA.
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The development objective of the National Safety Net Program (NSNP) for Results Project for Kenya is to support the Republic of Kenya to establish an effective national safety net program for poor and vulnerable households.
... See More + The additional financing (AF) with restructuring builds on progress made in the original NSNP and continues financing results in three areas: (a) expanding cash transfer programs to promote more comprehensive and equitable coverage; (b) strengthening program systems to ensure good governance; and (c) harmonizing cash transfer programs to increase the coherence of the safety net sector. The AF will ensure the long-term sustainability of the program by enabling the government to take over financing of additional households, including the funding for 60,000 households under two cash transfer schemes currently being financed by the United Kingdom (U.K.) Department for International Development (DfID).
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