With a population of seven million,
Honduras is the second most populous country in Central
America. It is also the second poorest country in the region
with an annual per capita income of less than US$ 1,000. Two
out of every three people in Honduras are poor (per capita
income less than US$ 1.50/day); and three out of every four
poor people are extremely poor (per capita income less than
US$ 1.00/day). Social indicators such as child malnutrition

Strategies to help the one billion people worldwide who live in informal settlements have mainly focused on slum upgrading, sites and services programs, and tenure security. In contrast, there has been less attention on what enables slum dwellers to transition into the formal housing sector, which has the dual benefits of improving service access and escaping social stigma. In this paper the authors investigate residential mobility among slum dwellers in Bhopal, India.

The Investment Climate Study is a
evaluation of the Operations Evaluation Department (OED).
The OED report reviews the Bank’s investment climate lending
and non-lending activities during fiscal years 1993 through
2002-03. The report presents the collected findings of
several evaluative exercises: a literature review; an
analysis of investment climate themes in country assistance
strategies and sector strategies; an analysis of lending

This paper examines the channels through
which alternative property rights institutions affect
investment. These institutions are defined by a
society's enforced laws, regulations, governance
mechanisms and norms concerning the use of resources. A
transaction cost framework is used to analyze the incentive
impact of various types of property rights, liability rules,
and rules regarding contracts. This framework is used to

Over the past five years in Turkey, the
agricultural and rural sector has seen substantial change in
transfer policies which now place greater emphasis on
improved equity and investment. These have been summarized
in the earlier World Bank "Review of the Impact of the
Reform of Agricultural Sector Subsidization (2004), and
"Policy and Investment Priorities for Agricultural and
Rural Development" (2005). Currently, the structural

Over the past dozen years, policymakers
have largely abandoned long-standing popular approaches for
addressing risk in agriculture without fully resolving the
question of how best to manage the negative consequences of
volatile agricultural markets. The article reviews the
transition from past policies and describes current
approaches that distinguish between the trade-related fiscal
consequences of commodity market volatility and the

The objective of this report is to
design an integrated strategy for rural poverty reduction in
Brazil. It contains an updated and detailed profile of the
rural poor in the northeast and southeast regions of Brazil;
identifies key determinants of rural poverty in these
regions; and proposes a five-pronged strategic framework and
a tentative set of policy options. The latter were
identified via an analysis of rural poverty determinants

This Country-Level Effectiveness and
Accountability Review (CLEAR) examines the efficacy of
microfinance aid in Madagascar, based on an objective
analysis of donor assistance for the sustainable development
of financial systems targeting the poor. The three levels of
the financial system are the micro level (e.g., retail
institutions), the meso level (e.g., apex, technical service
providers), and the macro level (e.g., regulations and

Urban growth is, in all parts of the
world, inevitable and welcomed. Despite concerns that local
governments will not be able to address those issues
associated with increased urban population, the number of
people living in urban centers will sur-pass those of the
rural population by 2030. Since productivity levels are
consistently higher in urban areas than in rural settings,
this would seem a reason to rejoice since it suggests more

In many countries the private sector has
been involved in financing infrastructure through
concessions under a public-private partnership (PPP)
program. PPP schemes, however, are somewhat underutilized in
transition economies, where the potential financing gaps are
significant and growing, and there seems to be an enormous
potential for more private sector involvement in the
financing and operation of highway assets in these

Since independence in 1966,
Guyana's economy has gone through a state control of
major productive sectors, and financial institutions -
including controls of prices, credit, and foreign exchange -
to a combination of political/social unrest, with terms of
trade deterioration, and slow economic growth. This led
Guyana to become the fourth poorest country in the Western
Hemisphere, despite its rich endowment in mineral resources,

The competitiveness of firms in open
economies is increasingly determined by access to low-cost
and high-quality producer services - telecommunications,
transport and distribution services, financial
intermediation, etc. This paper discusses the role of
services in economic growth, focusing in particular on
channels through which openness to trade in services may
increase productivity at the level of the economy as a