Many firms in the developing world --
including a majority of micro, small, and medium enterprises
-- operate in the informal economy. The informal firms face
a variety of constraints, making it harder for them to do
business and grow. Lack of access to finance is often cited
as the biggest operational constraint these firms face. This
paper documents the use of finance and financing patterns of
informal firms, highlights differences between use of

Agriculture remains fundamental for
Nicaragua from both a macroeconomic and social view. It is
the largest sector of the Nicaraguan economy, and it remains
the single biggest employer with around 30 percent of the
labor force and including processed foods, like meat and
sugar, agriculture accounts for around 40 percent of total
exports value. Nicaragua appears to be gradually losing
competitive edge of some of its key agricultural exports

The purpose of this paper is to outline
an approach for Bank engagement in forests, trees, and
woodlands on farms in Sub-Saharan Africa for the coming five
years. The paper takes the framework of the Africa
development strategy, which has two main pillars: supporting
employment and competitiveness, and building resilience and
reducing vulnerability; and one underlying foundation:
strengthening capacity and governance. It is consistent with

This Country Economic Memorandum (CEM)
sets a framework for a dialogue on inclusive economic growth
and income convergence in Romania. Generous Foreign Direct
Investment (FDI) and other financial inflows lifted consumer
demand, built up key industries, modernized wholesale trade
and unleashed the movement of labor from low-productivity
activities like agriculture towards high-productivity
activities like manufacturing. Public and private

The majority of firms in most developing
countries are informal. The authors of this paper conducted
a field experiment in Sri Lanka that provided incentives for
informal firms to formalize. Offering only information about
the registration process and reimbursement for direct
registration costs had no impact on formalization. Adding
payments equivalent to one-half to one month's profits
for the median firm led to registration of around one-fifth

Benin has made substantial progress over
the past decade in reinforcing macroeconomic stability,
which has laid the foundation for modest but accelerating
growth. After averaging less than 3.7 percent from
2007-2011, GDP growth rose to 5.4 percent in 2012 and
reached 5.6 percent in 2013. Growth is expected to remain
strong at 5.5 percent in 2014. Benin s enhanced growth
performance has been supported by ongoing efficiency

Cities' development matters to
Pakistan. It is central to economic growth, job creation and
quality of life. This is also one of the core themes in the
2011 Government of Pakistan Framework for Economic Growth
(FEG). This paper explores the conditions for
growth-enhancing spatial change in Pakistan s cities.
Cities' development matters to Pakistan. Two strands of
analysis are developed. First, it reviews the performance

Reducing emissions from deforestation
and forest degradation and enhancing carbon stocks (REDD+)
has raised the profile of benefit sharing in the forest
sector. Sharing benefits, however, is not a new concept.
Previous work on benefit sharing (associated with
intellectual property, forest and agriculture concessions,
mining, and so forth) has focused on clarifying the concept
and examining how benefit sharing could feed into broader

In this issue: benchmarking global
poverty reduction; rethinking the stateapos;s role in
finance; coordinating housing and transport policies in
urban South Africa; making public sector reforms work;
helping women get to work; export superstars; why did
inequality in Latin America decline in the 2000s?

This report investigates Egypt's
regional economic growth, explores the causes for
geographically unbalanced development, and proposes policy
options to make unbalanced growth compatible with inclusive
development. In Egypt, despite rapid progress in most
welfare indicators in lagging regions, there are still
substantial gaps in consumption and opportunities between
growth poles and the rest of the country. This report's

A Benefit-Cost Analysis (BCA) was
undertaken to assess the returns to land management
practices of major land use types, namely forests,
rangelands, and selected crops (rice, maize, cotton, and
millet). Also the public expenditure on SLM was reviewed
and an assessment carried out how the expenditure is aligned
to land policies and how it is targeted to land degradation
hotspots. The results show that, without some form of

This note on making livelihoods and
social protection approaches gender- sensitive is the
seventh in a series of guidance notes on gender issues in
disaster risk management (DRM) in the East Asia and the
Pacific region. Targeting World Bank staff, clients and
development partners, this note gives an overview of the
main reasons for including gender sensitive social
protection and livelihoods approaches in DRM; it identifies