The Water Resources Sector Strategy
(WRSS) supports implementation of the Bank's 1993 Water
Resources Management Policy, using the experience updated
internationally, with water resources and management. This
country Water Resources Assistance Strategy (CWRAS)
identifies the Philippines principal water resource
challenges, the current situation, how the Bank is assisting
at present, and what it should in the future. In summary

About 50 countries have prepared interim
and full Poverty Reduction Strategy Papers (PRSPs). In this
context, this paper examines Millennium Development Goal
(MDG)7: Ensuring Environmental Sustainability, its targets
and indicators, and responds to three questions: To what
extent do PRSPs define and adopt targets and indicators that
align with those of MDG7? To what extent do the available
data allow tracking of progress with respect to MDG7? When

Reducing emissions of carbon dioxide and
other greenhouse gases that affect climate change is one of
the key challenges facing the international community. The
Bank's Prototype Carbon Fund (PCF) provides a framework
for action, learning, and research to demonstrate how
greenhouse gas emission reduction transactions can
contribute to sustainable development, while lowering the
costs of compliance with the Kyoto Protocol-the 1997

Bringing the United States and major
developing countries to control their greenhouse gas
emissions will be the key challenge for the international
climate regime beyond the Kyoto Protocol. But in the current
quantity-based coordination, large uncertainties surrounding
future emissions and future abatement opportunities make the
costs of any commitment very difficult to assess ex ante,
hence a strong risk that the negotiation will be stalled.

Substantial improvement has been done by
the Bank in its environmental performance since 1987. The
Bank focused on the environment as a new area of activity,
and it has sought to mitigate the negative environmental
effects of its development interventions. The Bank's
participation in the 1992 United Nations Conference on
Environment and Development, and the 1992 World Development
Report on the environment, demonstrated the Bank's

This case study, one of six evaluations
in a series of country case studies, aims to understand the
implementation of the 1991 Forest Strategy in World Bank
operations and to obtain the views of the various
stakeholders in the country about the involvement of the
Bank. Each country study examines the overall development of
the country's forest sector. This naturally includes
the environmental impacts on forests, such as degradation,

Environmental impact assessment, or EIA
as it is known, is a procedures for evaluating the impact,
proposed activities may have on the environment. In recent
years, significant strides have been made to build a legal
foundation for EIAs in Sub-Saharan Africa. Whereas EIAs
typically used to be carried out only to meet requirements
of foreign donors, they are now mandated in twenty two
Sub-Saharan countries, as an important element of domestic

Based on more than 240 real-life
examples in over 60 countries, Developing Value is the first
large-scale study analyzing the business case for
sustainability in emerging markets, the opportunity for
businesses to achieve benefits such as higher sales, reduced
costs and lower risks from better corporate governance,
improved environmental practices, and investments in social
and economic development. It pinpoints the many

This issue, which serves as the annual
review on the environment, looks at the Bank's work
from July 2002 through June 2003, dedicated this year to
Water and the Environment, on the occasion of the Fifth
World Parks Congress in Durban, South Africa. Following the
overview, which reviews progress in the implementation of
the Environment strategy, the report presents viewpoints on
ways to move forward in delivering water as committed in

Human welfare and development are
heavily influenced by climatic factors. As many as 95
percent of all disaster-related casualties occur in
developing countries, and after an event the recovery often
takes years. Natural disasters can significantly derail the
process of social and economic development. The Bank has
always supported reconstruction in countries affected by
natural disasters. A forward-looking approach to disaster

The authors evaluate the impact of
farmer field schools, an intensive participatory training
program emphasizing integrated pest management. Their
evaluation focuses on whether participation in the program
has improved yields and reduced pesticide use among
graduates and their neighbors who may have gained knowledge
from graduates through informal communications. The authors
use panel data covering the period 1991-99 in Indonesia.

The report reviews the macroeconomic
perspectives of Uruguay, focused on its rural development
and natural resources intensive sectors, to form the basis
for expanding agricultural production, and increasing
productivity. It reviews the country's sectoral
composition, exports of natural resource intensive products,
and labor and capital use, as well as the tax burden.
Although agriculture represents less than ten percent of the