Jim Yong Kim, President of the World Bank Group, focuses on economic policy as the key to mobilizing a
coordinated global response to climate change. He talks
about the need to confront climate change, without which
there will be no hope of ending poverty or boosting shared
prosperity. He adds that the longer the delay in tackling
climate change, the higher the cost will be to do the right
thing for our planet and our children. He affirms that from the

The country partnership framework (CPF)
for Azerbaijan covering the period FY2016-20, sets out the
World Bank Group (WBG) support to the country on its path
toward a sustainable, inclusive, and private sector-led
growth underpinned by a diversified asset base. The
country’s strategic goals are laid out in its development
strategy - Azerbaijan 2020: vision for the future and other
strategic documents that aim at reducing Azerbaijan’s

Environmental and social responsibility
is becoming more and more important in today’s global
economy. There are thousands of environmental and social
codes and standards in the world today. The codes and
standards define the rules and the objectives. But the
challenge is in the implementation. An environmental and
social management system (ESMS) helps companies to integrate
the rules and objectives into core business operations,

Bolivia’s distinct characteristics and
aspirations are a key for understanding its development
trajectory. Bolivia is one of the countries with the highest
share of indigenous population, representing a tapestry of
different groups with different historical, cultural and
economic features, with a significant influence in policy
decision making. The country is landlocked and one of the
most sparsely populated in the world. As a result, long

From 2005 to 2013, a mining boom quickly
promoted Mongolia from a low-income to a middle-income
country. Although the World Bank Group strategy initially
overlooked the challenge of the mining boom, the new country
management team that came on board in 2005 decided to
prioritize mining issues in a more selective framework. This
involved taking a set of bold steps to support Bank Group
engagement in the extractive industry, including basing for

Kazakhstan made steady progress on
poverty reduction and social development during the review
period, driven by impressive economic growth and rising
hydrocarbon prices. Yet, the country continues to grapple
with a number of systemic challenges, including: a lack of
progress on economic diversification and anticorruption; a
dominant role of the state in the economy; a lack of skills
in the labor force; and a legacy of environmental problems

As the result of past investments in gas
and mining sectors and high world commodity prices, the
Bolivian economy grew considerably during the last seven
years. Prudent macroeconomic policies and high taxes on
hydrocarbon revenues led to a significant accumulation of
fiscal surplus and external reserves. Under a state-led
development model, the government led by President Morales
pursued redistributive policies and invested heavily in road

This handbook is the product of a
workshop held in June 2014 with about 25 environmental
regulators from over 10 FCV-affected countries (Burkina
Faso, Central African Republic, Kenya, Liberia, Madagascar,
Mali, Mozambique, Nigeria, Sierra Leone, South Sudan, and
Sudan) that was financed by the Korean Trust Fund (KTF) and
organized and hosted by the World Bank Group (WBG). Over the
course of one week the participants went through a dense

This report provides an overview of the
World Bank Group’s engagement in the Middle East and North
Africa (MENA) region, highlighting the new operating model
of the World Bank Group. In particular, the report provides
insight on the key challenges and strategic engagement of
each sector (Global Practice) in MENA and details some of
the key cross-cutting challenges that countries face. This
report serves as a basis to convene international thought

India’s sustained and rapid economic
growth offers an opportunity to lift millions out of
poverty. But this may come at a steep cost to the nation’s
environment and natural resources. This insightful book
analyzes India’s growth from an economic perspective and
assesses whether India can grow in a “green” and sustainable
manner. Three key issues are addressed. The first is the

What is the utility from obtaining more
precise values of natural resource objects (rainforests),
through surveys or other similar information gathering? In
the value of information problems studied here, a principal
who wishes to preserve a resource sets a price to offer to a
seller without knowing precisely the protection value or
opportunity value, to the seller. The value of information
related to more precise information about the protection

The World Bank (WB) supports the global
reporting initiative (GRI) and is one of the GRI chapter
groups of founding members. The topics deemed relevant for
disclosure were identified by assessing annual corporate
priorities outlined by the institutions’ Boards and
President, considering stakeholder input, as well as
ascertaining sustainability impacts of carrying out the
mission and vision. To determine if a GRI aspect is material