World Bank Group President, James Wolfensohn addressed the Board of Governors. In the past year the Bank launched a new initiative—the Comprehensive Development Framework (CDF). The aim was to bring the social and the structural aspects of development together with the macroeconomic and the financial so as to establish a much more balanced and effective approach. The Bank will work with the broad development community—the United Nations, the European Union, bilaterals, regional development banks, civil society, and the private sector—to build genuine partnerships.

In 2011 the Ghanaian government issued a policy establishing Public Private Partnerships (PPPs) for the purpose of implementing infrastructure projects and improving the capacity of services provision. A World Bank Mission visited Ghana early in 2012 to assess the legal and practical feasibility of participation in PPPs at the sub-national level of the Government and the possibility that private commercial banks can provide non-sovereign financing to such PPPs.

The body of this report consists of five sections. Section one is an introduction to the JBE program and the context for the lease research on Tanna. Section two provides a profile of some of the relevant historical and economic features of the island and aspects related to the structure of governance and civil society organization. This is followed in section three by a summary of key findings regarding the 64 leases studied on Tanna.

Southeast Sulawesi is one of Indonesia's developing provinces and over the past five years has achieved one of the country's highest growth rates. In 2010, Southeast Sulawesi's economy grew at 8.2percent the third fastest in Indonesia. The poverty rate has declined significantly in the past 10 years and the unemployment rate is one the lowest in Indonesia. Per capita expenditure in Southeast Sulawesi has increased nine-fold compared to pre decentralization rates Southeast Sulawesi's consolidated per capita expenditure now falls in the top 10 in Indonesia.

The importance of the agglomeration process in facilitating growth and productivity increases in Indonesia's manufacturing sector cannot be ignored. The agglomeration process is associated with improved productivity as firms enjoy external benefits from either urbanization or from the sharing of inputs available in certain locations. Evidence suggests that Java remains the main corridor for manufacturing activities, with large cities attracting manufacturers that are looking for externalities from urbanization.

Vietnam's rapid and sustained economic growth and poverty reduction in the last two decades benefitted from the policy and legal reforms embodied in the Land Laws of 1987, 1993 and 2003 and subsequent related legal acts. This note outlines reforms related to four main themes. The first relates to the needed reform for agriculture land use to create opportunity to enhance effectiveness of land use as well as to secure farmers' rights in land use. Prolonging the duration of agricultural land tenure would give land users greater incentives to invest and care for the land.

The Public Investment Management (PIM) efficiency review is intended to support the Government of Zimbabwe, and in particular the Ministry of Finance, in its efforts to strengthen the efficiency of the public investment system, with the goal of improving the creation, operation and maintenance of public sector capital assets that support service delivery and economic growth. The problems of public investment management are not merely financial but systemic. Budget execution deficit remains a major bottleneck.

In 2010, after two decades of rapid economic growth, Vietnam passed the threshold to become a lower-middle-income economy. Sustained market-oriented reforms combined with intensive efforts to integrate into the world economy are among the key drivers of this achievement. The reform of tax policy and administration has been a vital part of this transition. This is leading to a fundamental change in the composition of taxpayers, from large state-owned enterprises (SOEs) and foreign-invested companies to a myriad of small and medium private enterprises.

The corporate scorecard provides information on the Bank's overall performance and results achieved by its clients against the backdrop of global development progress. The scorecard facilitates dialogue between management and the board on progress made and areas that need attention. The four-tier scorecard covers the full spectrum of International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) activities.

The growth of agriculture output over the past 200 years has been phenomenal. When Malthus wrote in 1798, he perceived limits on agricultural production as serious and imminent. Since then world population has increased by six-fold and global agricultural production has more than kept pace. Falling real grain prices for most of the 20th Century are cited as evidence. The sources of the increase in food production, however, have been quite different and have come in distinct waves. For most of the 19th century, increased output came from expanded land area in production.

This policy note discusses strengthening institutions for urban and metropolitan management and service delivery and is part of a broader Philippines urbanization study. Strong institutions are critical to the effective management of cities, the delivery of efficient urban services and infrastructure, and the establishment of an enabling environment for business and job creation.

International policies to reduce carbon emissions from deforestation and degradation (REDD+) envisage the creation of financial incentive mechanisms that reward forest protection efforts and adequately compensate those actors that face new costs. In order for REDD+ to achieve these objectives, effective benefit sharing systems will need to be implemented. Benefit sharing in REDD+ could take a wide variety of forms depending on the policies used to achieve REDD+ objectives.