This paper contributes to the
long-standing debate on the merits of decentralized
beneficiary targeting in the administration of development
programs, focusing on the large-scale Malawi Farm Input
Subsidy Program. Nationally-representative household survey
data are used to systematically analyze the decentralized
targeting performance of the program during the 2009-2010
agricultural season. The analysis begins with a standard

After decades of turmoil and
instability, a period of calm and progress evolved in
Guinea-Bissau in 2009. A military coup in April 2012
interrupted it. A fresh start is needed to alter the
dynamics that kept Guinea-Bissau poor. In 2013, Gross
National Income per capita was US$590. Average economic
growth barely kept pace with population growth. In 2010,
poverty at the national poverty line of US$2 a day was 70

This report addresses the insolvency of
natural persons following this structure: a first part
introduces the objectives and nature of the report, deals
with general issues, and describes the foundations of a
system for the treatment of the insolvency of natural
persons. The second part of the report analyzes the core
legal attributes of system for the treatment of the
insolvency of natural persons: within this system, the most

Jim Yong Kim, President of the World Bank Group, discusses fundamental issues in global development and
the World Bank Group's role in helping countries and
the private sector meet the greatest challenges in
development. He speaks
about the twin goals, to end extreme poverty
by 2030 and to boost shared prosperity. Due to television, everyone knows how everyone else lives. We must not remain voluntarily blind to the impact of economic choices on the poor and
vulnerable.

This paper revisits the identification
of the binding constraints to investment and growth in
Pakistan by rigorously applying the growth diagnostic
framework. It has a central finding: Pakistan's
economy faces two major groups of constraints emerging and
structural. The emerging constraints include infrastructure
(energy) deficit, high macro-fiscal risks, and inadequate
international financing (high country risks and low FDI

Pakistan's rebound from the global
financial crisis has been slow and fragile, and unless the
economy changes course swiftly, it could face its second
balance of payments crisis in five years. Its recovery from
the 2008-09 global financial crisis has been the weakest in
South Asia, with a double dip pattern. This report
identifies conditions for a sustainable job-enhancing growth
agenda for Pakistan. Policy must target both goals as they

This Investment Climate Assessment (ICA)
seeks to evaluate the conditions under which the Palestinian
private sector currently operates in the West Bank
(including East Jerusalem) and the Gaza strip. This
assessment is both an update and expansion on a similar
assessment undertaken by the World Bank in 2006. As such, it
provides both a snapshot of the investment climate in 2013,
as well as a longitudinal view of what has changed in the

Kazakhstan aspires to become one of the
world s 30 most developed economies by 2050. The focus is on
laying the basis for the accelerated diversification of the
economy through industrialization and infrastructure
development, including enhancing human capital to drive
innovation and economic efficiency. This country economic
memorandum report adopts an analytical framework that looks
into options that will be explored to help authorities think

The forestry sector in Moldova faces
significant governance and sustainability challenges. The
insufficient level of forest coverage in Moldova has a
serious impact on environment and overall economic growth in
the country. The situation is exacerbated by the reportedly
intense pressure on forest resources exerted by the human
factor. Illegal logging and grazing are considered as
significant factors that contribute to forest loss. There is

Pakistan's rebound from the global
financial crisis has been slow and fragile, and unless it
changes course swiftly, it could face the prospects of a
second balance of payments crisis in less than five years.
Its recovery from the 2008-09 global financial crisis has
been the weakest in South Asia, featuring a unique
double-dip growth pattern. With high fertility, Pakistan
will double the size of its already young population by

Zambia shares its robust economic growth
and capital inflows in the past few years with other
Sub-Saharan countries, growth supported by high commodity
prices that while declining are still at historical high
levels. High commodity prices have induced large foreign
direct investment (FDI) flows, mainly in extractive
industries but also in services sector, supporting growth.
Zambia's mining sector has benefited from FDI,

This paper uses data from a large survey
of Chinese firms to investigate whether local government
efforts to facilitate market development improve firm
efficiency. Both government provision of information about
products, markets, and innovation and government assistance
in arranging loans are positively associated with firm
efficiency. Those private firms with weak access to and
knowledge of financial, input, and product markets benefit