This report summarizes the findings of
Investment Climate Assessments (ICAs) carried out for all
countries in the South Asia region. It compares South Asian
countries to countries in other regions, analyzes
similarities and differences within the region, and
identifies the way forward in improving the investment
climate. The first volume analyzes similarities and
differences within the region and between South Asia and the

Over the past dozen years, policymakers
have largely abandoned long-standing popular approaches for
addressing risk in agriculture without fully resolving the
question of how best to manage the negative consequences of
volatile agricultural markets. The article reviews the
transition from past policies and describes current
approaches that distinguish between the trade-related fiscal
consequences of commodity market volatility and the

Despite Bulgaria's progress to act
in accordance with European Union (EU) environmental
directives, full compliance with the Union's
environmental acquis remains a challenge and requires a
substantial investment program in environmental
infrastructure and implementation activities in pollution
abatement, waste management, and financing the associated
operation and maintenance costs. The report focuses on

This paper uses the Ricardian approach
to examine how farmers in 11 countries in Africa have
adapted to existing climatic conditions. It then estimates
the effects of predicted changes in climate while accounting
for whatever farmer adaptation might occur. This study
differs from earlier ones by using farmers' own
perceptions of the value of their land. Previous research,
by contrast, has relied on either observed sale prices or

The Operations Evaluation Department
(OED) is an independent unit within the World Bank. The
goals of evaluation are to learn from experience, to provide
an objective basis for assessing the results of the Bank’s
work, and to provide accountability in the achievement of
its objectives. This report on the Post-Conflict Fund (PCF)
is one of twenty six case studies that have been prepared as
source material for the second phase of OED’s independent

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

Despite sustained output growth since 1997, low-income Commonwealth of Independent States (CIS) countries (CIS-7) have not experienced growth in employment, a phenomenon observed elsewhere in transitional economies and labeled as "jobless growth." The author addresses the causes of this phenomenon in the CIS-7. He argues that the lack of job creation is explained by a combination of structural factors, including capital-intensive growth, large potential for productivity gains among existing workers, and compartmentalized economies best depicted by a dual labor market framework.

The Investment Climate Study is a
evaluation of the Operations Evaluation Department (OED).
The OED report reviews the Bank’s investment climate lending
and non-lending activities during fiscal years 1993 through
2002-03. The report presents the collected findings of
several evaluative exercises: a literature review; an
analysis of investment climate themes in country assistance
strategies and sector strategies; an analysis of lending

This report is a review of the Lesotho's financial system covering: i) the macro-financial environment; ii) safety and soundness of the banking system; iii) non-bank financial institutions; and iv) microfinance and finance for small and medium enterprises. The report was based on data and other information collected during the March 2003 mission.

The authors describe and analyze management in the Murray-Darling basin of Australia, long regarded as a model for integrated river basin management. This interior basin of over 1 million k

The paper empirically explores the
linkages between environmental regulations and international
trade flows. So far, empirical studies either have failed to
find any close statistical relationship or have delivered
questionable results due to data limitations. Using a
comprehensive new database for environmental regulations
across countries, a thorough empirical investigation of that
linkage for 119 countries and five high-polluting industries

Strategies to help the one billion people worldwide who live in informal settlements have mainly focused on slum upgrading, sites and services programs, and tenure security. In contrast, there has been less attention on what enables slum dwellers to transition into the formal housing sector, which has the dual benefits of improving service access and escaping social stigma. In this paper the authors investigate residential mobility among slum dwellers in Bhopal, India.