An efficient and transparent regulatory
framework governing international trade is a necessary
condition for countries to realize the benefits of
international trade. Over the last decade, Lao PDR has been
deepening its economic ties with the global economy through
the formal accession to the WTO in 2013. At the regional
level, the country is committed to be full member of the
ASEAN Economic Community. These agreements entailed profound

Despite its challenging circumstances,
Bangladesh has proven to be remarkably resilient and
achieved significant human development gains. The country
partnership framework (CPF) will refocus the World Bank
Group’s (WBG’s) strategic direction on removing stubborn
impediments to job creation and growth. The CPF will build
on a well-performing portfolio, particularly in human
development, identified by the systematic country diagnostic

Myanmar grew at an estimated 8.5 percent
in real terms in 2014-15. Economic reforms have supported
consumer and investor confidence despite business
environment and socio-political challenges. The economic
impact of the floods that hit Myanmar from July 2015 is
still being assessed, but will likely adversely affect the
main rice crop this year. According to preliminary analysis
of census data, the areas most affected by the floods are

Latin America and the Caribbean (LCR)
will be center stage in the global development debate as
leaders from around the world convene in Lima, Peru for the
annual meetings of the World Bank Group and International
Monetary Fund. Critical progress in poverty reduction has
been made in the region over the last decade. The region’s
bottom 40 percent of the population saw growth eclipsing
that seen by the group in every other region in the world.

The importance of land rental for
overall economic development has long been recognized in
theory, yet empirical evidence on the productivity and
equity impacts of such markets and the extent to which they
realize their potential has been scant. Representative data
from China's nine most important agricultural provinces
illustrate the impact of rental markets on households'
economic strategies and welfare, and the productivity of

An issue which has generated much
concern has been the potential link between low incomes and
resource degradation. This report presents the results of a
study which investigated this question. Machakos District is
a relatively low income and agriculturally marginal district
in Kenya. Before World War II the colonial administration
was concerned that land degradation was becoming severe
under the pressure of population, aggravated by drought. The

The authors use a large data set from
Ethiopia that differentiates tenure security and
transferability to explore determinants of different types
of land-related investment and its possible impact on
productivity. While they find some support for endogeneity
of investment in trees, this is not the case for terraces.
Transfer rights are unambiguously investment-enhancing. The
large productivity effect of terracing implies that, even

The extent to which households should be
allowed to transfer their land rights in post-socialist
transition economies is of considerable policy interest. The
authors use data from Vietnam, a transition country that
allows rental and sales of land use rights, to identify
factors conducive to the development of land markets and to
assess the extent to which land transfers enhance productive
efficiency and transfer land to the poor. They find that

Land policy, administration and
management are areas of strong client demand for technical
advice and operational support. This review sought to help
the Bank better position itself to present coherent advice
on policy, institutional arrangements and practice. The
potential implications are a lowering of reputational risk
to the Bank; greater efficiency in the process including
joint data gathering; and building of greater momentum and

The authors use data from Ethiopia to
empirically assess determinants of participation in land
rental markets, compare these to those of administrative
land reallocation, and make inferences on the likely impact
of households' expectations regarding future
redistribution. Results indicate that rental markets
outperform administrative reallocation in terms of
efficiency and poverty. Households who have part-time jobs

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

Sri Lanka is in many respects a
development success story. With economic growth averaging
more than 7 percent a year over the past five years on top
of an average growth of 6 percent the preceding five years,
Sri Lanka has made notable strides towards the goals of
ending extreme poverty and promoting shared prosperity (the
‘twin goals’). The national poverty headcount rate declined
from 22.7 to 6.7 percent between 2002 and 2012/13, while