Housing is one of the most important
sectors of the economy -- in developing countries as in
richer ones -- with large positive externalities in terms of
economic growth, public health and societal stability. It is
the primary form of asset accumulation for the poor -- often
representing more than 50 percent of the assets of
households. However, housing systems in developing countries
are dominated by badly designed, poorly targeted, and

The workshop brings diverse perspectives
from outside the World Bank, providing a forum in which to
exchange ideas and debate in the course of developing the
World Development Report (WDR). Participants at the 2006
Berlin Workshop gathered to discuss challenges and successes
pertaining to agriculture and development. Agriculture is
the major sector contributing to economic development in
many poor countries. Three out of every four poor people in

Interest in investment climates has
emerged relatively recently. In the 1960s and 1970s,
governments in many countries believed they should play a
direct role in rural credit, input supply, production,
trade, transport, distribution, and even marketing. However,
in the 1980s and 1990s, government-dominated systems fell
into disgrace because of poor performance. For the rural
sector, the primary focus had traditionally been on

This paper examines broadly the
intergovernmental structure in the Middle East and North
Africa region, which has one of the most centralized
government structures in the world. The authors address the
reasons behind this centralized structure by looking first
at the history behind the tax systems of the region. They
review the Ottoman taxation system, which has been
predominantly influential as a model, and discuss its impact

The Africa Development Indicators 2007 essay explores the patterns of growth in Sub- Saharan Africa over the past three decades. It finds that the volatility of growth-an outcome of conflict, governance, and world commodity prices-has been greater than in any other region. Volatility has dampened expectations and investments-and has obscured some periods of good performance for some countries. The essay shows that pickups in growth were seldom sustained- indeed, that they were often followed by ferocious declines, and hence, Africa's flat economic performance over 1975-2005.

This paper develops and tests a proposed
methodology that puts forward a new integrated method for
evaluating the performance of development finance
institutions. This methodology applies assessment criteria
that take into account both the social objective that the
development finance institution addresses and the subsidies
it received in order to achieve such an objective. This
methodology is applied to two pilot case studies-Banadesa

This document presents the recently
elected Colombian administration with a set of policy notes
meant to enrich the debate around critical issues affecting
the country's development. These notes build mostly
upon existing research and represent the Bank's
independent view on topics which are either at the crux of
ongoing policy discussions or merit a more prominent place
in this dialogue. This window of opportunity provides a very

Water policy is an important topic on
the agenda of the international community, and efficiency
and equity in the allocation of water have emerged as
important factors to be considered. Water pricing can be
used to mitigate both the quantity and quality dimensions of
water scarcity. This paper reviews partial equilibrium
models and general equilibrium models that are relevant to
irrigation water management issues. The most widely

The economy of the Philippines is open
to trade and capital inflows, and has grown rapidly since
2002. Over the last 10 years, however, domestic investment,
while stagnant in real terms, has shrunk as a share of GDP.
In an open and growing economy, why the decline? Three
reasons explain the puzzle. First, the public sector cannot
afford expanding its investment at GDP growth rates.
Second, the capital-intensive private sector does not find

Traditionally both national and regional
development planning in Vietnam has been driven by
'top-down' Central Government social and economic
targets based on limited analytical investigation. However,
with the advent of the free market economy in Vietnam since
the late 1980s, vigorous global economic competitiveness and
Vietnam's membership to the World Trade Organization
(WTO), changes in national policy in Vietnam have now

The high levels of public debt and
persistent fiscal deficits limit Organization of Eastern
Caribbean States (OECS) governments' ability to pursue
counter-cyclical fiscal policies during future economic
downturns, leaving private investment as the key driver of
future growth. This study on private sector financing in the
OECS analyzes the issue of access to finance from three
different angles: the demand side; the supply side; and the

This paper analyzes the effect of
facilities and infrastructure available at the market place
on a farmer's decision to sell at the market using a
comprehensive survey of farmers, markets and villages
conducted in Tamil Nadu, India in 2005. The econometric
estimation shows that the likelihood of sales at the market
increases significantly with an improvement in market
facilities and a decrease in travel time from the village to