Political risk has once again become a
key concern of investors after the perceived openness and
liberalization of foreign direct investment (FDI) regimes in
the 1990s. Governments that do not recognize this trend pay
a high price in lost investments. Confronting political and
regulatory risks as part of the investment climate is thus
crucial for countries to make their business environments
more competitive. This note suggests reforms that can have

The Egyptian revolution has brought to
the forefront the need to focus on job opportunities;
transparency and accountability; a fair and competitive
environment; as well as equal access to finance, land, and
housing-especially for underserved segments of society.
Although the government of Egypt embarked on a macroeconomic
and structural reform program in 2004, economic and social
progress could not keep pace with the aspirations of many

This brief includes the following
headings: increasing access to land by the rural poor in
India; and KCP projects on service delivery for the poor.

The effects of policy interventions on
women are of increasing concern to policy makers in all
fields, and trade is no exception. This note reviews recent
World Bank projects and studies that 'gender
inform' trade-related interventions, and it uses the
Bank's experience to promote gender-equal opportunities
by highlighting entry points at which trade projects,
studies, and policies can effectively address gender issues.

More forest area is being designated for
use by local communities and indigenous peoples. In a
growing number of countries legislation is being introduced
to ensure that local partners share in the benefits of
forest operations and participate as active stakeholders in
the sustainable use of forest resources. Private sector
investment in the forest sector is increasing as well. For
businesses in an expanding range of investment settings,

This paper focuses on the experience of
the national-level adaptation planning efforts and the
lessons that can be derived for more effective adaptation
from an examination of local governance of development and
natural resources. After examining national level adaptation
plans, particularly the NAPAs (National Adaptation
Programmes of Action), the paper analyzes the range of
institutional instruments and relationships visible in

This note introduces an evolutionary
approach to economic and governance reform. It lays out two
especially prevalent trajectories that differ starkly from
one another in how they prioritize and sequence economic
growth, state building, and the development of civil society
and political institutions. The first trajectory focuses
initially on investments in state capacity. The second
initially prioritizes smaller, more catalytic entry points

When we talk about corruption in terms of statistics, it’s easy to forget the human cost of abused power. Behind every fact or figure are real people, forced to live without the services, opportunities and rights they deserve. All too often, these stories remain hidden – silenced through threats and intimidation, or drowned out by louder, more powerful voices. But with the right help, people can and do speak out. From rural villages to global cities, we are working around the world to help people break the silence and stand up against corruption.

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.

This paper is motivated by the emphasis
on secure property rights as a determinant of economic
development in recent literature. The authors use village
and household level information from about 800 villages
throughout China to explore whether legal reform increased
protection of land rights against unauthorized reallocation
or expropriation with below-average compensation by the
state. The analysis provides nation-wide evidence on a

Poverty reduction on a large scale
depends on empowering those who are most motivated to move
out of poverty-poor people themselves. But if empowerment
cannot be measured, it will not be taken seriously in
development policy making and programming. Building on the
"Empowerment and Poverty Reduction Sourcebook,"
this volume outlines a conceptual framework that can be used
to monitor and evaluate programs centered on empowerment

This study examines the constraints on
the housing sector in Afghanistan. It evaluates government
policy on housing, looks at the state of housing finance,
and examines legal and regulatory barriers with a bearing on
the housing market. The report provides policy
recommendations aimed at helping to develop a private-sector
led housing market. To assist in formulating policies and
implementing actions, the study recommends forming a housing