Infrastructure can be an agent of change in addressing the most systemic development challenges of today s world from social stability to rapid urbanization, climate change adaptation and mitigation, natural disasters, and global issues such as food and energy security. Transformation through Infrastructure the updated World Bank Group Infrastructure Strategy FY12-15 - lays out the framework for transforming the Bank Group s engagement in infrastructure.

The global financial roller coaster, with the Euro zone as its lead car, has hit economic prospects across the globe. The South African economy, with its close links to the world economy, has suffered, too, resulting in weakened growth prospects, lower fiscal revenues, lower and more volatile valuation of the rand, and dampened external financing. This further compounds the policy challenges facing the authorities, on top of their preoccupation with unyielding unemployment, which requires higher and more inclusive economic growth.

Chinese Foreign Direct Investment (FDI) into Africa is on the rise and Ethiopia is at the forefront of this trend. On request of the Government, the World Bank surveyed 69 Chinese enterprises doing business in Ethiopia with a 95-question survey in May/June 2012. The survey covered various aspects of the foreign direct investment climate in Ethiopia, including infrastructure, sales and supplies, land, crime, competition, finance, human resources, and questions about general opportunities and constraints for doing business in Ethiopia.

The Philippines has made significant progress in empowering women and in advancing gender equality. The government's policy on gender equality and women's empowerment has prioritized women's economic empowerment, advancing human rights and enhancing gender-responsive local governance. All these priority concerns are integral components of poverty reduction programs in the Philippines. The Philippines has made significant progress in empowering women and in advancing gender equality.

This paper describes forced displacement in the Europe and Central Asia Region (ECA) and the vulnerabilities associated with being a displaced person. It analyzes the development challenges of forced displacement particularly protracted displacement in the region and the prospects for durable solutions. Displaced persons face challenges related to recovery of or access to housing and land, employment and livelihoods, access to services and public goods including health, education, and infrastructure, and accountable and responsive governance.

China's success in addressing food problems after adopting the reforms in 1978 has been nothing less than remarkable. Grain output (rice, wheat and maize) has almost doubled and most hunger has been eliminated. Ever since China embarked on its reform agenda more than 30 years ago, its economic growth and poverty reduction have been nothing less than remarkable. Agriculture has been an important contributor to these developments.

The corporate scorecard provides information on the Bank's overall performance and results achieved by its clients against the backdrop of global development progress. The scorecard facilitates dialogue between management and the board on progress made and areas that need attention. The four-tier scorecard covers the full spectrum of International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) activities.

This report examines how green growth and sustainable development policies can be incorporated into structural reform agendas. Indeed, as demonstrated in the report, many of these policies are closely linked and synergistic with the framework policies applied by G20 governments in their efforts to pursue strong and sustainable growth.

There is global interest in promoting mitigation and adaptation in agriculture, forest, and other land-use (AFOLU) sectors to address the twin goals of climate change and sustainable development. This guideline deals with how to enhance carbon stocks in general in all land-based projects and its specific relationship with agriculture productivity. It outlines specific steps and procedures that need to be followed by project proponents and managers of land-based projects to enhance carbon stocks synergistically with increasing crop productivity.

This note examines how to maximize the benefits from the use of market instruments in support of developing countries' low-emission development priorities. First, it briefly surveys the current state and trends of the carbon market, highlighting the main achievements of carbon finance over its decade-long history. Second, it reviews updated scenarios of the scale of future carbon markets and associated financial flows, in light of developments in climate negotiations and domestic markets.

This report presents the results of a review of the World Bank's Strategic Environmental Assessment (SEA) experience undertaken by the World Bank learning community-the SEA Community of Practice (CoP). This report is no more than a first step. Its findings and results cannot be treated as conclusive.

In 2012, the Mexican Presidency of the G20 introduced inclusive green growth as a cross-cutting priority on the G20 development agenda. The second meeting of the G20 Development Working Group (DWG), hosted by the Government of the Republic of Korea, took place in Seoul the 19th and 20th of March 2012. As agreed during the first DWG meeting, this second meeting focused on the priorities for their presidency in the first half of 2012: infrastructure, food security and inclusive green growth (IGG).