The response to the global reporting
initiative (GRI) indicators provides a brief introduction to
the World Bank’s (WB’s) complex suite of activities. The WB
consists of the International Bank of Reconstruction and
Development (IBRD) and the International Development
Association (IDA). Materiality is determined through an
assessment carried out based on GRI guidance. The assessment
evaluates the risks to the organization, the importance to

Theft of public assets from developing
countries is an immense problem with a staggering
development impact. These thefts diverts valuable public
resources from addressing the abject poverty and fragile
infrastructure often present in such countries. Although the
exact magnitude of the proceeds of corruption circulating in
the global economy is impossible to ascertain, estimates
demonstrate the severity and scale of the problem at $20 to

Executive Directors continued to play an
important role as the World Bank faced many challenges in a
global post crisis economy. The Board considered a number of
key documents in preparation for the committee on
development effectiveness meetings. These included the World
Development Report 2011, which focuses on conflict,
security, and development, and responding to global food
price volatility and its impact on food security, which

Political risk has once again become a
key concern of investors after the perceived openness and
liberalization of foreign direct investment (FDI) regimes in
the 1990s. Governments that do not recognize this trend pay
a high price in lost investments. Confronting political and
regulatory risks as part of the investment climate is thus
crucial for countries to make their business environments
more competitive. This note suggests reforms that can have

The Egyptian revolution has brought to
the forefront the need to focus on job opportunities;
transparency and accountability; a fair and competitive
environment; as well as equal access to finance, land, and
housing-especially for underserved segments of society.
Although the government of Egypt embarked on a macroeconomic
and structural reform program in 2004, economic and social
progress could not keep pace with the aspirations of many

This study examines the major
constraints of rural business entry and performance in
Yemen. The Yemen rural investment climate survey made it
possible to analyze rural investment climate constraints for
rural businesses. The survey was used to investigate both
farm and nonfarm rural enterprises. The rural investment
climate was assessed using a combination of subjective
impressions related by rural entrepreneurs, and a more

This paper studies the impact of a large
debt relief program, intended to attenuate investment
constraints among highly-indebted households in rural India.
It isolates the causal effect of bankruptcy-like debt relief
settlements using a natural experiment arising from
India's Debt Relief Program for Small and Marginal
Farmers -- one of the largest debt relief initiatives in
history. The analysis shows that debt relief has a

Despite several attempts at reform,
immovable property rights in Albania are not adequately
secure and represent an important governance challenge.
Problems have resulted from incomplete first title
registration, the lack of accurate cadastral records, and,
in many cases, the absence of reliable evidence of
ownership. Although Albania has adopted legislation calling
for restitution or compensation for owners whose property

The Country Opinion Survey for FY2013 in Botswana assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Botswana perceive the WBG.

Despite decades of war and instability,
Iraq's abundant natural resources, strategic geographic
location and cultural history endow it with tremendous
potential for growth and diverse economic development.
Driven by windfall oil revenues in recent years the
Government of Iraq (GoI) has invested heavily in rebuilding
infrastructure with abundant oil reserves ensuring steady
progress. However, decades of socialist policies have

Does the existing evidence support
policies that foster growth by reducing gender inequality?
The authors argue that the evidence based on differences
across countries is of limited use for policy design because
it does not identify the causal link from inequality to
growth. This, however does not imply that
inequality-reducing policies are ineffective. In other
words, the lack of evidence of a causal link is not in

This paper presents an assessment of the
first phase (2008?2009) of Sierra Leone's cash for work
program based on a qualitative and quantitative analysis
examining program design features, main processes and
impact. The assessment highlights that while cash for work
was an appropriate crisis response, the challenge of
achieving good targeting should not be underestimated.
Findings from the assessment point to high inclusion errors