This study was undertaken under the
leadership of the Ministry of Finance and Economic
Development (MOFED) to assess fiduciary risks in using
country financial management (FM) systems in full, or in
part, for implementing Donor and Bank-financed investment
projects in Zimbabwe and to identify risk mitigation
measures required for such use. Fiduciary risk is the risk
that Bank funds (or donor funds) will not be used for their

In this context, this note summarizes
the findings of a recent World Bank, SACU Secretariat
assessment of regional trade facilitation based on the Trade
and Transport Facilitation Assessment (TTFA) methodology.
The assessment looks at regional trade facilitation through
the lens of value chains, with the objective to understand
how the region’s trade and transport environment could be
improved to facilitate more extensive and deeply integrated

Achieving private sector involvement in
financing, provision and management of roads requires
specialized legal and institutional frameworks, public
sector expertise, advisor support and sustained political
commitment. In many African States, there is little
experience of private sector involvement in the road sector
but there is encouragement to promote such involvement from
development partners. Increased private sector involvement

This Country Partnership Framework (CPF)
covers the five-year period FY16-20. Anchored in the
government’s medium-term development plan as outlined in a
January 2015 Cabinet of Ministers Program of Action, it also
reflects the analysis and recommendations of the World Bank
Group’s (WBG) 2015 Systematic Country Diagnostic (SCD) for
Uzbekistan and the lessons learned from the Completion
Report of the previous CPS. The CPF’s objectives and

This report highlights recent economic
updates in Bangladesh as of April 2015. Economic growth in
Bangladesh was gaining momentum in the first half of FY15.
Capacity utilization improved and investments were showing
some signs of recovery. This growth was also job-friendly.
The 12-monthly-moving average inflation decelerated from 7.6
percent in February 2014 to 6.8 percent in February 2015.
The resilience of the Bangladesh economy continues to be

This report focuses on two competing forces: the Soviet industrial legacy and

This document presents the Systematic
Country Diagnosis (SCD) for Mali. The SCD was prepared
following a consultative process within and outside the
World Bank. It identifies constraints and opportunities for
achieving the twin goals of ending poverty and improving
shared prosperity by 2030 while acknowledging (i) the need
for selectivity in pro-poor interventions, and (ii) the many
competing ‘binding’ reasons for poverty in Mali. The

Africa is rapidly urbanizing and will
lead the world’s urban growth in the coming decades.
Currently, Africa is the least‐urbanized continent,
accommodating 11.3 percent of the world’s urban population,
and the Sub‐Saharan region is the continent’s
least‐urbanized area. However, the region’s cities are
expanding rapidly, by 2050; Africa’s urban population is
projected to reach 1.2 billion, with an urbanization rate of

This paper examines whether cooperative
behavior by respondents measured as contributions in a
one-shot public goods game correlates with reported
pro-forest collective action behaviors. All the outcomes
analyzed are costly in terms of time, land, or money. The
study finds significant evidence that more cooperative
individuals (or those who believe their group members will
cooperate) engage in collective action behaviors that

This paper analyzes the dynamic effects
of rate-of-return regulation on firms’ emissions compliance
behavior when the price of emissions permits is uncertain.
The paper shows that uncertainty regarding the price of
permits would motivate a regulated firm to adopt a more
self-sufficient strategy and would reduce the
cost-effectiveness of emission allowance trading. When
allowance transactions are treated as capital investments,

In May 2005, the Bank adopted a new
policy and new procedures on Additional Financing
(OP/BP13.20) for investment lending, replacing the previous
policy on supplemental financing. This policywas later
revised in March 2012. This learning product assesses the
performance of the AdditionalFinancing (AF) operations
approved since then and draws lessons from their
implementationexperience. The assessment focuses on AF in

This report follows the evolution of
carbon pricing around the world. Last year's report
mapped the main carbon pricing initiatives. This year the
report presents the status of each of these developing
initiatives and explores the emerging trends of carbon
pricing. The focus is on the recent highlights from around
the world and on key lessons that can be drawn from the
growing experience. Despite the difficult ongoing