Documents & Reports

The Changing Wealth of Nations 2024 : Revisiting the Measurement of Comprehensive Wealth - Executive Summary (English)

Gross domestic product (GDP) is widely recognized as an insufficient measure of economic progress and national success. Since GDP is nearly universally available and comparable across countries, it is...

The Changing Wealth of Nations : CWON as a Reflection Point - Overview 2024 (English)

How can we track the sustainability of economic progress and measure the changing wealth of nations? Until now, gross domestic product (GDP) has been the headline indicator for tracking economic progress...

Shaping the Next Generation of Capital Markets Leaders: Impact Report of the IFC Capital Markets Postgraduate Program (English)

The IFC-sponsored Capital Markets Postgraduate Program—launched in 2016—is a roughly nine-month intensive training aimed at building a critical mass of qualified practitioners within key regulatory and...

Tanzania - Domestic Bond Market Development : Diagnostic Report (English)

Developing a local currency bond market is an important development objective for Tanzania to diversify its funding sources and ensure financial resilience over the medium to long term. By rationalizing...

IBRD Callable Capital (English)

Callable capital has been an integral part of IBRD’s capital structure and a foundational element in IBRD’s capital adequacy framework. This report seeks to provide increased clarity on the process and...

Serbia - Catalyzing Long Term Finance through Capital Markets Project : Virtual Implementation Support Mission - March 18 to April 2, 2024 (English)

Kazakhstan Financial Sector Assessment Program Technical Note - Capital Market Development (English)

The foundation for capital market development in Kazakhstan is solid, yet supply and demandside issues restrict the deepening of the capital market. The macroeconomic conditions areconducive, despite the...

IBRD Portfolio : Default Rates and Loss Given Defaults and Default Rate Analysis (English)

The World Bank is exploring a range of options to stretch its own capital and to expand private capital mobilization as part of its evolution exercise. In this context, stakeholders have expressed interest...

Capitalisation de la Réponse Soudure 2023 au Burkina Faso (French)

The Portfolio Theory of Inflation and Policy (In) Effectiveness : A Revisitation (English)

This article revisits the Portfolio Theory of Inflation (PTI), with a view to further articulating its findings and implications. The article adds to the micro-foundations of the PTI, framing more rigorously...

Does sustainable finance regulation play a role in the “greening” of capital markets? (English)

Robust regulatory frameworks are important for developing healthy capital markets. Most current research ends that sustainable finance regulation serves as a backbone for the development of sustainable...

Focused Assessment of the International Development Association’s Private Sector Window : An Update to the 2021 Early-Stage Assessment by the Independent Evaluation Group (Approach Paper) (English)

Attracting private capital and developing the private sector in low-income countries are challenging. The challenges involved in mobilizing private capital and developing the private sector in many IDA...

International Finance Corporation (IFC) Board of Governors Resolution; No. 278 : 2018 IFC Selective Capital Increase Resolution No. 271 - Amendment to Extend the Subscription and Payment Deadline (English)

On April 16, 2023, International Finance Corporation (IFC) Board of Governors adopted resolution number two hundred and seventy-eight. It was resolved that: (i) the final subscription date, which is the...

Serbia - Catalyzing Long Term Finance through Capital Markets Project (English)

The development objective of the Catalyzing Long Term Finance through Capital Markets Project for Serbia is to: (i) improve the enabling environment for capital markets development; and (ii) deepen the...

Gender Equality in Corporate Leadership - Analysis of Issuers on Stock Exchanges in G20 Countries 2022 (English)

This Market Monitor is an update of the 2021 monitor, and provides an analysis of gender equality on the boards and in leadership positions at the top 100 issuers by market capitalization on 22 major G20...

Listing State-Owned Enterprises in Emerging and Developing Economies : Lessons Learned from 30 Years of Success and Failure : La Cotation des Entreprises Publiques dans tes Pays Émergents et en Développement : Leçons Tirées de 30 Années de Succès et d’Échecs (French)

In this report, the authors investigate state-owned enterprise (SOE) listings as a solution to promote local capital markets development. Thus, SOE listings can offer governments an enormous opportunity...

World Bank Group Research Newsletter (April 2022)  (English)

The April research newsletter features the topic "Capital Markets & Development." This newsletter is led by a feature story excerpt highlighting the importance of an efficient and stable financial sector...

Ghana - Natural Capital Accounting Support Project : Scoping Mission - March 21 to 25, 2022 (English)

Colombia - Financial Sector Assessment Program : Detailed Assessment of Observance - Basel Core Principles for Effective Banking Supervision (English)

There have been significant improvements to the legal framework and the supervisory process since the last Basel Core Principles (BCP) review; some additional recommended enhancements are highlighted in...

Morocco - Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Loan Project (Arabic)

This program document for the Second Capital Market Development and Small and Medium-Size Enterprise Finance Development Policy Loan Project has four pillars as follows : (i) Pillar A - Improve access...