This report summarizes the results of a
recent review of the emerging experience with the design and
implementation of policy instruments to promote the
development of renewable energy (RE) in a sample of six
representative developing countries and transition economies
('developing countries') (World Bank 2010). The
review focused mainly on price- and quantity-setting
policies, but it also covered fiscal and financial

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

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

This study is timely because several investments are planned for container terminals in Sub-Saharan Africa. From a public policy perspective, disentangling the reasons behind cargo delays in ports is crucial to understanding:a) whether projects by the World Bank and other donors have addressed the most salient problems; and b) whether institutional port reform and infrastructure, sometimes complemented by customs reform, are the most appropriate approaches or should be adapted.

Recent global initiatives on debt relief
and development assistance call for increasing aid for trade
to the poorest countries. The paper applies a multi-country
computable general equilibrium model to measure the
effectiveness of alternative aid for trade categories. The
findings show that aid for trade policies expand trade and
alleviate international income inequalities in the recipient
countries, that will benefit mainly from aid for trade

This paper describes the economic
importance of the service sector in Central European Free
Trade Agreement (CEFTA) countries and current barriers to
trade in services between CEFTA countries. It looks at four
sectors: construction, land transport, legal services, and
Information and Communication Technology (ICT) services. The
intent is to stimulate dialogue on trade in services between
decision-makers in CEFTA countries. In CEFTA economies,

Today, 370 million people live in cities
in earthquake prone areas and 310 million in cities with
high probability of tropical cyclones. By 2050, these
numbers are likely to more than double. Mortality risk
therefore is highly concentrated in many of the world s
cities and economic risk even more so. This paper discusses
what sets hazard risk in urban areas apart, provides
estimates of valuation of hazard risk, and discusses

In Bangladesh, growth needs to
accelerate to absorb the burgeoning labor force and continue
making dents in poverty. Such acceleration will require
sustained growth in exports and remittances. It will also
need an increase in investment both public and private.
However, growth acceleration alone will not be enough to
absorb the labor force. This will need an improvement in
employment intensity of growth, and a further improvement in

A Benefit-Cost Analysis (BCA) was
undertaken to assess the returns to land management
practices of major land use types, namely forests,
rangelands, and selected crops (rice, maize, cotton, and
millet). Also the public expenditure on SLM was reviewed
and an assessment carried out how the expenditure is aligned
to land policies and how it is targeted to land degradation
hotspots. The results show that, without some form of

This paper examines the cost of
producing emission reduction credits under the Clean
Development Mechanism. Using project-specific data, cost
functions are estimated using alternative functional forms.
The results show that, in general, the distribution of
projects in the pipeline does not correspond exclusively to
the cost of generating anticipated credits. Rather,
investment choices appear to be influenced by location and

Agriculture sector growth has made a
powerful contribution to post-war economic recovery in
Tajikistan, accounting for approximately one third of
overall economic growth from 1998 to 2004. Sector output
increased by 65 percent in real terms during this period,
and has now returned to the level extant at independence in
1990. Total Factor Productivity (TFP) has also increased, by
3 percent per year. Despite this progress, there is

Many experts believe that low-cost
mitigation opportunities in agriculture are abundant and
comparable in scale to those found in the energy sector.
They are mostly located in developing countries and have to
do with how land is used. By investing in projects under the
Clean Development Mechanism (CDM), countries can tap these
opportunities to meet their own Kyoto Protocol obligations.
The CDM has been successful in financing some types of