This report contends that the key to unleashing the North West Frontier Province's possibilities and to improving the lives of its citizens is strengthening the governance and policy environment in the province for both the private and the public sectors, and investing in the provinces' most valuable resource - its people. Reforms and efforts in the past few years have already started to translate into higher growth, improved incomes, and better living conditions for the citizens of the NWFP.

This document presents the main findings
of the Guyana Investment Climate Survey (ICS) conducted
between November 2004 and March 2005. The ICA report
provides an evaluation of different aspects of the
environment of doing business in Guyana. It covers
governance-related obstacles, labor and technology issues,
the financial sector, and infrastructure. The ICA is based
on the results of the World Bank Guyana Investment Climate

This paper investigates how reductions
of barriers to migration affect the decision of middle
school graduates to attend high school in rural China.
Change in the cost of migration is identified using
exogenous variation across counties in the timing of
national identity card distribution, which made it easier
for rural migrants to register as temporary residents in
urban destinations. The analysis first shows that timing of

With the exception of Sub-Saharan
Africa, Latin America and the Caribbean has been one of the
regions of the world with the greatest inequality. This
report explores why the region suffers from such persistent
inequality, identifies how it hampers development, and
suggests ways to achieve greater equity in the distribution
of wealth, incomes and opportunities. The study draws on
data from 20 countries based on household surveys covering

Through an analysis of selected topics,
this study aims to offer inputs for a successful recovery
strategy for the city and the metropolitan region of Sao
Paulo (MSRP) in Brazil. The study first presents an analysis
of the underlying factors of the economic transition in the
MRSP, highlighting the factors behind the recent performance
of the MRSP in terms of job creation and growth. Then, four
inputs that would lead to a 'recovery strategy'

This regional study encompasses three
Central American countries: Nicaragua, Guatemala, and
Honduras. The focus of this report is Honduras. The
objective of the study is to understand how broad-based
economic growth can be stimulated and sustained in rural
Central America. The study identifies "drivers" of
sustainable rural growth and poverty reduction. Drivers are
defined as the assets and combinations of assets needed by

This report presents an update on the
economic challenges facing Ethiopia with a focus on the
shared goal of accelerating equitable growth. The starting
point is the Government's own Plan for Accelerated and
Sustained Development to End Poverty (PASDEP), which is in
the process of finalization, and is designed to cover the
period 2005-2010. This report proposes that the growth
strategy should more explicitly adopt a

Spatial disparity in incomes and
productivity is apparent across and within countries. Most
studies of the determinants of such differences focus on
cross-country comparisons or location choice among firms.
Less studied are the large differences in agricultural
productivity within countries related to concentrations of
rural poverty. For policy, understanding the determinants of
this geography of agricultural productivity is important,

The objective of the Botswana Investment
Climate Assessment (ICA) is to evaluate the investment
climate in Botswana in all its operational dimensions and
promote policies to strengthen the private sector. The
investment climate is made up of the many location specific
factors that shape the opportunities and incentives for
firms to invest productively, create jobs, and expand. These
factors include macroeconomic and regulatory policies; the

Country Assistance Strategies (CASs)
have been periodically reviewed from a variety of different
perspectives. This review assesses how environment is
integrated in CASs for 2005 and also compares the progress
made by 37 countries over the period of 1999-2005. Five
themes are used to assess the 23 CASs across an established
methodology also used in previous reviews. The five themes
are: issues identification, treatment, mainstreaming,

This report combines a study undertaken in two phases of the Benin financial sector. Phase 1 of the study, conducted in 2003, provided a diagnostic of the financial system and focused on the state and performance of commercial banks, microfinance institutions, insurance companies and the pension fund system. Phase 2 of the study, conducted in the first half of 2004, focused on analyzing the access to finance issue identified during the diagnostic study. The lack of access to financial services by the majority of the population in Benin was the main issue revealed by the study.

Food policy often depends on markets and
markets depend on institutions. But how good do institutions
have to be before reforms can be launched? Relying on well
timed surveys of agricultural prices and a joint study by
the Government of Bulgaria and the World Bank on
agricultural market institutions, this paper presents
evidence that performance in food markets improved following
significant policy reforms in Bulgaria, although public