{"title":"Innovative Experiences in Access to Finance","authors":"A. D. L. Torre, Juan Carlos Gozzi, S. Schmukler","doi":"10.1596/978-0-8213-7080-3","DOIUrl":"https://doi.org/10.1596/978-0-8213-7080-3","url":null,"abstract":"Interest in access to finance and awareness of its importance have increased significantly since the early 2000s. Growing evidence suggests that lack of access to credit prevents many households and firms from financing high-return investment projects, which has an adverse effect on growth and poverty alleviation. Despite the increasing awareness of the importance of access to finance among both researchers and policymakers, there are still some major gaps in our understanding of the main drivers of access, as well as about the impact of different policies in this area. This book aims to fill some of these gaps by discussing recent innovative experiences in broadening access to credit in Latin America. These experiences are consistent with an emerging new view that, while recognizing the central role of the public sector in improving the contractual and informational environment for financial markets, also contends that there might be room for well-designed, restricted interventions in collaboration with the private sector to foster the development of financial markets and broaden access to them. In particular, the book analyzes, among other things, some interesting experiences from Brazil, Chile, Colombia, and Mexico that use different instruments to broaden access to credit in a sustainable way, such as structured finance, factoring, credit guarantees, and correspondent banking. Most of these experiences have led to financial innovation by developing new financial products and coordinating different players in the financial and real sectors to overcome barriers to access to credit. The book provides a first systematic analysis of these innovative experiences, including an analytical framework to understand problems of access to finance and a discussion of the effects and optimal design of public interventions. Finally, the book discusses some open policy questions about the role of the private and public sectors (including state?owned banks) in broadening access to finance in a sustainable and market-friendly manner.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125156924","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Raul Felix Junquera-Varela, M. Verhoeven, G. Shukla, B. Haven, R. Awasthi, B. Moreno-Dodson
{"title":"Strengthening Domestic Resource Mobilization","authors":"Raul Felix Junquera-Varela, M. Verhoeven, G. Shukla, B. Haven, R. Awasthi, B. Moreno-Dodson","doi":"10.1596/978-1-4648-1073-2","DOIUrl":"https://doi.org/10.1596/978-1-4648-1073-2","url":null,"abstract":"Public spending plays a key role in the economic growth and development of most developing economies. This book analyzes revenues, policy, and administration of Domestic Resource Mobilization (DRM) in developing countries. It provides a broad landscape of practical examples, drawing from lessons learned in World Bank operations across Global Practices over the past several decades. It should be thought of as a starting point for a more comprehensive research agenda rather than a complete inventory itself. This book reviews the trends in tax revenue collection in developing countries. It provides an overview of efforts to close the revenue gap, many of which have been supported by World Bank operations. The book reviews the special challenges facing low income countries, which have traditionally relied on indirect revenues in the context of limited formalization of their economies. An overview of tax policy and administration reform programs is presented, with an overview of outstanding issues that will shape the policy agenda in years ahead.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"124 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123194528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"International practices to promote budget literacy : key findings and lessons learned","authors":"H. Masud, Hélène Pfeil, S. Agarwal, A. Briseno","doi":"10.1596/978-1-4648-1071-8","DOIUrl":"https://doi.org/10.1596/978-1-4648-1071-8","url":null,"abstract":"A budget is a vital document that lays out a government’s economic priorities in terms of policies and programs. The World Bank team’s preliminary scrutiny of practices aimed at promoting budget literacy revealed that, unlike financial literacy and citizenship education, concerted approaches to mainstream budget-literacy education at the primary, secondary, and tertiary levels of schooling are limited. Despite the dearth of literature on this topic, there has been no systematic attempt to compile standalone practices for advancing budget literacy that have been adopted by countries. This review seeks to fill this gap by taking stock of illustrative initiatives promoting budget literacy in selected countries. The presented findings and lessons seek to inform the efforts of practitioners, including policy makers, educational specialists, curriculum experts, fiscal transparency advocates, and civil society organizations interested in improving education or civic engagement and accountability in budget processes. This book presents 35 case studies from 34 countries on the basis of a stock-taking exercise of practices promoting budget literacy. A broad range of curricular content, pedagogical approaches, and learning outcomes for budget literacy are documented. Twenty-seven of the case studies focus on school-based initiatives, and eight on beyond school initiatives.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125911206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Data-driven decision making in fragile contexts : evidence from Sudan","authors":"A. Hamilton, Craig S. Hammer","doi":"10.1596/978-1-4648-1064-0","DOIUrl":"https://doi.org/10.1596/978-1-4648-1064-0","url":null,"abstract":"Data deficiencies contribute to state fragility and exacerbate fragile states’ already limited capacity to provide basic services, public security and rule of law. The lack of robust, good quality data can also have a disabling effect on government efforts to manage political conflict, and indeed can worsen conflict, since violent settings pose substantial challenges to knowledge generation, capture and application. In short, in fragile contexts the need for reliable evidence at all levels is perhaps greater than anywhere else. The development of sustainable and professional ‘data-literate’ stakeholders who are able to produce and increase the quality and accessibility of official statistics can contribute to improved development outcomes. Good quality and reliable statistics are also required to track the progress of development policies through the monitoring of performance indicators and targets and to ensure that public resources are achieving results. While data alone cannot have a transformative effect without the right contextual incentives it is an essential and necessary prerequisite for greater accountability and more efficient decision-making. This volume explores methods and insights for data collection and use in fragile contexts, with a focus on Sudan. It begins by posing several questions on the political economy of data, and then sets out a framework for assessing the validity, reliability, and potential impact of data on decision-making in a fragile country. It also sets out insights on challenges associated with fragile states, derived from recent data collected in Sudan: the 2014/2015 DFID Sudan household survey. This includes data-driven analysis of topics including female genital mutilation, public service delivery, and the interplay of governance, service quality, and state legitimacy.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121630260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"When growth is not enough : explaining the rigidity of poverty in the Dominican Republic","authors":"F. Carneiro, Sophie Sirtaine","doi":"10.1596/978-1-4648-1036-7","DOIUrl":"https://doi.org/10.1596/978-1-4648-1036-7","url":null,"abstract":"The Dominican Republic has enjoyed one of the strongest growth rates in Latin America and the Caribbean (LAC) over the past 20 years. It also experiences high growth with limited poverty reduction. The available evidence strongly supports the role of three distinguishing characteristics of the Dominican economy in explaining why prosperity has not been shared more broadly in a country that does not seem to have a growth problem. With this objective in mind, this book assembles a collection of empirical analyses that explore three complementary hypotheses that could help decipher the puzzle of growth with limited shared prosperity in the Dominican Republic. The analysis of three complementary hypotheses tested in this book yields interesting findings that reveal the complexity of the phenomenon of growth with limited poverty reduction in the Dominican Republic. This book is arranged as follows: (1) Chapter 1 addresses the adequacy of the methodology to measure price variation, focusing on whether the low responsiveness of the poverty rate to the strong, robust level of economic growth recorded by the Dominican Republic during the past decade may be partly explained by a price index that does not reflect differences in consumption patterns across income groups: (2) Chapter 2 examines the role of factor endowments, technology, and capital mobility in job creation, and investigates why in the face of outstanding growth performance, has the Dominican Republic not been able to generate enough formal jobs to absorb its abundant labor force; (3) Chapter 3 considers whether labor market outcomes in the Dominican Republic suffer from capital-biased technical change, providing additional insights into the questions addressed in the previous chapter; (4) Chapter 4 focuses on the wage effects of Haitian migration in the Dominican Republic, delving into the complex, sensitive debate on whether labor market outcomes in the Dominican Republic are affected by migrants from neighboring Haiti; and (5) Chapter 5 considers the labor market implications of immigration and emigration in the Dominican Republic, going one step further in this debate.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131078783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Structural Change, Fundamentals, and Growth","authors":"M. McMillan, D. Rodrik, C. Sepúlveda","doi":"10.2499/9780896292147","DOIUrl":"https://doi.org/10.2499/9780896292147","url":null,"abstract":"The volume consists of an overview and seven country studies, written by leading scholars from both developed and developing countries. The overview lays out a unifying framework for thinking about economic growth as a combination of two challenges. The “structural change challenge” is focused on moving resources from traditional low-productivity activities into modern, more productive industries. The “fundamentals challenge” faced by policy makers in the developing world is about how best to develop broad capabilities such as human capital and infrastructure. While the two are inextricably linked, they are conceptually different, and making this distinction is one of the contributions of this book. The overview also includes a description of the common methodology used in the country studies, a discussion of data and measurement issues, and a synthesis of the findings.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128591951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risk modeling for appraising named peril index insurance products : a guide for practitioners","authors":"Shadreck Mapfumo, H. Groenendaal, C. Dugger","doi":"10.1596/978-1-4648-1048-0","DOIUrl":"https://doi.org/10.1596/978-1-4648-1048-0","url":null,"abstract":"Index insurance is commonly perceived to be complicated and difficult to evaluate. This is one reason index insurance products have not yet achieved high penetration in developing countries, despite their clear potential to improve the risk management options for vulnerable populations. This guide attempts to close the knowledge gap to grow this important market and provide protection to more low-income customers. A central goal of this guide is to promote clear communication of the features of products developed to facilitate informed decision making by new and existing buyers of index-based insurance products, insurers, reinsurers, regulators charged with approving new products, and other affected stakeholders. As such, it supports actuaries and other professionals involved in designing and pricing index-based insurance products in following the principles outlined in the Actuaries’ Code of the Institute and Faculty of Actuaries, United Kingdom. This book is arranged as follows: (i) Part one of this guide provides a summary of the insights and decisions required for the insurer to make an informed decision to launch and expand an index insurance business line; and (ii) Part two of this guide provides a step-by-step guide to calculating the decision metrics used by the insurance manager in part 1.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132038781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Gerardo Segura Warnholtz, Mercedes Fernández, J. Smyle, J. Springer
{"title":"Securing Forest Tenure Rights for Rural Development","authors":"Gerardo Segura Warnholtz, Mercedes Fernández, J. Smyle, J. Springer","doi":"10.1596/34183","DOIUrl":"https://doi.org/10.1596/34183","url":null,"abstract":"Secure land tenure in rural landscapes is widely recognized as an essential foundation for achieving a range of economic development goals. However, forest areas in low and middle-income countries face particular challenges in strengthening the security of land and resource tenure. Forest peoples are often among the poorest and most politically marginalized communities in their national contexts, and their tenure systems are often based on customary, collective rights that have insufficient formal legal protection. This study on Securing Forest Tenure Rights for Rural Development aims to contribute to efforts worldwide to reduce poverty and strengthen sustainable management in forest areas. It does so by reviewing the progress of tenure reforms in six countries in Latin America, and drawing lessons to help advance the realization of these reforms and inform similar initiatives in other countries. The target audience of this work includespolicy-makers who have responsibility for forests, climate change, land tenure, agricultural development and poverty reduction programs in rural areas, as well as for civil society organizations and international partners working on land tenure and natural resource governance. The study also aims to assist and inform the work of World Bank programs in rural development, environment and natural resources, agriculture, social development, climate change, and carbon finance, by increasing attention and support to indigenous and community forest tenure as it relates to these areas of work.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"124 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127412631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Practical Guidance for Defining a Smart Grid Modernization Strategy","authors":"M. Madrigal, R. Uluski, Kwawu Mensan Gaba","doi":"10.1596/978-1-4648-1054-1","DOIUrl":"https://doi.org/10.1596/978-1-4648-1054-1","url":null,"abstract":"There is no one definition of the smart grid concept. Instead, smart grids are defined differently around the world to reflect local requirements and goals. What is clear, however, is that the grids of today will not support the energy goals of the future. The integration of large shares of renewable energy, improvements in the reliability of services, and the achievement of higher levels of energy efficiency across the value chain will require power grids that are largely different from those of today. This book guides stakeholders on how utilities can define their own smart grid vision, identify priorities, and structure investment plans. While most of these strategic aspects apply to any area of the electricity grid, the book focuses on distribution. The guidance includes key building blocks for modernizing the distribution grid and provides examples of grid modernization projects. This revised edition also includes key communication system requirements to support a well-functioning grid. The concept of the smart grid is relevant to all grids. What varies are the magnitude and type of the incremental steps toward modernization for achieving a specific smart grid vision. A utility that is at a relatively low level of grid modernization may leapfrog one or more levels of modernization to achieve some of the benefits of the highest levels of grid modernization. Smart grids impact electric distribution systems significantly. In developing countries, modernizing the distribution grid promises to benefit the operation of electric distribution utilities in many and various ways. These benefits include improved operational efficiency (such as reduced losses and lower energy consumption), reduced peak demand, improved service reliability, and ability to accommodate distributed generating resources without adversely impacting overall power quality. Practical Guidance for Defining a Smart Grid Modernization Strategy concludes by describing funding and regulatory issues that may need to be taken into account when developing smart grid plans. The World Bank Studies series is available for free download online through the Open Knowledge Repository https://openknowledge.worldbank.org).","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129705132","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Vietnam at a crossroads : engaging in the next generation of global value chains","authors":"C. Hollweg, Tanya Smith, D. Taglioni","doi":"10.1596/978-1-4648-0996-5","DOIUrl":"https://doi.org/10.1596/978-1-4648-0996-5","url":null,"abstract":"Vietnam has emerged as an Asian manufacturing powerhouse, carving out a role for itself within global value chains (GVCs). By specializing in assembly functions on behalf of primarily foreign firms, Vietnam has markedly increased its domestic value added, as reflected by its gross exports, which have grown by 16.6 percent annually between 1995 and 2011. This export-oriented development strategy has created jobs, propelled economic growth, and reduced poverty. As successful as Vietnam has been, within the context of GVCs, its specialization has been in low value-added,end-production activities. Its challenge is to move up the value chain into higher value-added functions. Even more ambitious would be to grasp the opportunity to become an originator of products by nurturing a nascent set of domestic firms that have the potential to carve out an “invented in Vietnam” niche in local, regional, and global markets. In short, Vietnam is at a crossroads. It can continue to specialize in low value-added assembly functions, withindustrialization occurring in enclaves with little connection to the broader economy or society; or it can leverage the current wave of growth to diversify and move up the chain into higher value-added functions. Success will require Vietnam’s policy makers to view the processes of development differently and to take new realities of the global economy more fully into account.Vietnam at a Crossroads: Engaging in the Next Generation of Global Value Chains identifies policies and targeted interventions that will drive development by leveraging GVC participation while also taking into account major trade policy shifts and rapid technological advances. Readers will gain a strong understanding of Vietnam’s current and potential engagement with GVCs and will learn about strategic policy tools that can help developing countries achieve economic prosperity in the context of compressed development. Its findings will be of particular interest to policy makers, development practitioners, and academics.","PeriodicalId":300390,"journal":{"name":"World Bank Publications","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125074562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}