The high levels of public debt and
persistent fiscal deficits limit Organization of Eastern
Caribbean States (OECS) governments' ability to pursue
counter-cyclical fiscal policies during future economic
downturns, leaving private investment as the key driver of
future growth. This study on private sector financing in the
OECS analyzes the issue of access to finance from three
different angles: the demand side; the supply side; and the

Interest in investment climates has
emerged relatively recently. In the 1960s and 1970s,
governments in many countries believed they should play a
direct role in rural credit, input supply, production,
trade, transport, distribution, and even marketing. However,
in the 1980s and 1990s, government-dominated systems fell
into disgrace because of poor performance. For the rural
sector, the primary focus had traditionally been on

In August 2004, in response to a request
from the Government of Vietnam (GOV), the WB/ IDA launched
preparatory activities for the Priority Infrastructure
Investment Project (PIIP) in Danang. The PIIP is a
multi-sectoral infrastructure investment initiative aimed at
poverty reduction and the promotion of economic growth. The
Project reflects the national goals set out in the
Comprehensive Poverty Reduction and Growth Strategy (CPRGS),

Over the past five years in Turkey, the
agricultural and rural sector has seen substantial change in
transfer policies which now place greater emphasis on
improved equity and investment. These have been summarized
in the earlier World Bank "Review of the Impact of the
Reform of Agricultural Sector Subsidization (2004), and
"Policy and Investment Priorities for Agricultural and
Rural Development" (2005). Currently, the structural

Over the past five years in Turkey, the
agricultural and rural sector has seen substantial change in
transfer policies which now place greater emphasis on
improved equity and investment. These have been summarized
in the earlier World Bank "Review of the Impact of the
Reform of Agricultural Sector Subsidization (2004), and
"Policy and Investment Priorities for Agricultural and
Rural Development" (2005). Currently, the structural

The Africa Development Indicators 2007 essay explores the patterns of growth in Sub- Saharan Africa over the past three decades. It finds that the volatility of growth-an outcome of conflict, governance, and world commodity prices-has been greater than in any other region. Volatility has dampened expectations and investments-and has obscured some periods of good performance for some countries. The essay shows that pickups in growth were seldom sustained- indeed, that they were often followed by ferocious declines, and hence, Africa's flat economic performance over 1975-2005.

In Bangladesh, growth needs to
accelerate to absorb the burgeoning labor force and continue
making dents in poverty. Such acceleration will require
sustained growth in exports and remittances. It will also
need an increase in investment both public and private.
However, growth acceleration alone will not be enough to
absorb the labor force. This will need an improvement in
employment intensity of growth, and a further improvement in

Agriculture sector growth has made a
powerful contribution to post-war economic recovery in
Tajikistan, accounting for approximately one third of
overall economic growth from 1998 to 2004. Sector output
increased by 65 percent in real terms during this period,
and has now returned to the level extant at independence in
1990. Total Factor Productivity (TFP) has also increased, by
3 percent per year. Despite this progress, there is

A Country Environmental Analysis (CEA)
is a World Bank analytical tool used to integrate
environmental issues into development assistance strategies,
programs, and projects. To that end, the CEA synthesizes
environmental issues, highlights the environmental and
economic implications of development policies, and evaluates
the country's environmental management capacity. It is
composed of three analytical building blocks: the

This report examines poverty trends and
distribution of the poor in this larger context, paying
particular attention to the most recent past. The report
contributes to our understanding of the progress made in
combating poverty in three ways. First, it updates our
knowledge of poverty outcomes by examining the trends in
poverty and vulnerability, as well as the profile and
distribution of the poor and vulnerable across the country.

Agriculture sector growth has made a
powerful contribution to post-war economic recovery in
Tajikistan, accounting for approximately one third of
overall economic growth from 1998 to 2004. Sector output
increased by 65 percent in real terms during this period,
and has now returned to the level extant at independence in
1990. Total Factor Productivity (TFP) has also increased, by
3 percent per year. Despite this progress, there is

The Romanian government recognizes that
there are current and future problems related to the risk of
old-age poverty among elderly farmers, and has been working
on sustainable solutions to avert this risk. The main
objective of this report is to provide recommendations to
the policy makers in Romania in designing a non-contributory
program for poor elderly, including farmers. To this end,
the report (i) evaluates the current semi-subsistence