Over the last decade, the countries of
the Latin America and the Caribbean region experienced a
deep economic and social transformation which lifted
millions out of poverty and swelled the ranks of the middle
class. Strong economic growth driven by both domestic
reforms and a favorable global economic environment, was
responsible for this progress. Complementary social
programs, made possible by growing fiscal space, helped

Azerbaijan’s performance on the twin
goals has been commendable. The middle class has doubled in
size and extreme poverty has almost been eliminated in the
space of a decade. At the same time, regional differences
persist, with significantly higher poverty rates in lagging
regions, and Baku dominating overwhelmingly in terms of
share of GDP. Disparities in welfare also persist between
rural and urban areas as well as across social groups. As

This Country Partnership Framework (CPF)
for Tunisia, prepared jointly by International Bank for
Reconstruction and Development (IBRD), International Finance
Corporation (IFC) and Multilateral Investment Guarantee
Agency (MIGA) covers the period Fiscal Year (FY) 2016
through FY 2020. The CPF is anchored in the Government of
Tunisia’s September 2015 Note d’Orientation Stratégique and
the WBG’s October 2015 Strategy for the Middle East and

This 2015 index of sustainability
indicators has been prepared in accordance with the
internationally recognized standard for sustainability
reporting Global Reporting Initiative (GRI) guidelines and
complies with the ‘core option.’ The GRI Index provides an
overview of sustainability considerations within the World
Bank’s lending and analytical services as well as its
day-to-day operations and management of staff. The World

Infrastructure services are significant
determinants of economic development, social welfare, trade,
and public health. As such, they typically feature strongly
in national development plans. While governments may receive
many infrastructure project proposals, however, resources
are often insufficient to finance the full set of proposals
in the short term. Leading up to 2020, an estimated US$836
billion - 1 trillion will be required each year to meet

Many ex ante measures taken to reduce
disaster risk can deliver co-benefits that are not dependent
on disasters occurring. In fact, building resilience to
climate extremes and disasters can achieve multiple
objectives. These are secondary to the main objective of
disaster risk management of avoiding disaster losses, but
identifying and measuring additional co-benefits can enhance
the attractiveness of disaster risk management investments.

Policy makers and regulators have
devoted much effort to reforms aimed at improving financial
stability in response to lessons from the 2007-09 crisis. At
the same time, much effort has also been directed to
promoting greater financial inclusion as an enabler of equal
opportunity. To some extent, these endeavors have been
exerted in silos, neglecting the possibility that financial
inclusion and financial stability could be significantly

In a five-month period, man-made fire cost Indonesia $16.1 billion or 2 percent of GDP in 2015. An estimated 2.6 million hectares – an area four times the size of Bali – burned. While the 2015 fires were some of the worst in recent years (in part as a result of el Nino), they are by no means a singular event. Wide-scale fire crises occur annually in Indonesia. Indonesia’s fire story is not just one of loss and damage; fires contribute to significant economic upside for a diverse, if concentrated, group of actors.

Shifting Kenya’s private sector into
higher gear: a trade and competitiveness agenda’ was born
out of the World Bank’s Trade and Competitiveness (T&C)
Global Practice recent stock taking of its work in Kenya.
This was part of a Programmatic Approach that aimed to
organize T&C’s knowledge, advisory, and convening
services to address Kenya’s development challenges in the
private sector space. By Sub-Saharan African standards,

This paper addresses the question
whether and how co-benefits, through disaster resilience
building, can be further promoted. Co-benefits are defined
as positive externalities that arise deliberately as a
result of a joint strategy that pursues several objectives
synergistically at the same time, such as disaster risk
management and development goals, or disaster risk
management and climate change adaptation. Of particular

Bleak short-term economic outlook raises the risk that social and environmental
achievements may not be sustained. The changed economic circumstances have exposed shortcomings in Brazil’s development model, epitomized by the struggle to achieve a sustainable fiscal policy. Against this background, some Brazilians are now asking whether the gains of the past decade might have been an illusion, created by the commodity boom, but unsustainable in today’s less forgiving international environment. Brazil thus finds itself at an important juncture and, to a certain extent, the policy

In 2012, the World Bank initiated the
building urban resilience in East Asia program, aimed at
increasing the resilience of cities to disasters and the
impact of climate change by using a risk-based approach to
making public investment decisions. The objective is to
demonstrate a scalable methodology and practical tools for
risk assessment that can be used for city-level investment
decisions. This activity started with engaging selected