Zimbabwe’s economy grew by 0.7 percent in 2016 despite the combined effect of the El Nino drought and domestic financial turmoil. The drought reduced agricultural output and increased food prices towards the end of the year, despite the government’s efforts to boost production and stabilize prices. The public provision of agricultural inputs, the creation of food-for-work programs, and the establishment of price supports for staple foods accentuated the government’s expansionary fiscal-policy stance.
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Library ResourceReports & ResearchTraining Resources & ToolsJune, 2017Zimbabwe, Africa
Library ResourceReports & ResearchTraining Resources & ToolsDecember, 2012Kenya, Africa
Kenya withstood another difficult year in 2012 as policy tightening and weaker global demand slowed economic activity. With decisive fiscal and monetary policies, the government managed to restore confidence in Kenya's medium term prospects. Kenya's growth rate is still below its potential and its peers, external imbalances remain which threaten its future growth, and the pace of economic growth is not generating enough modern sector wage jobs.
Library ResourceReports & ResearchTraining Resources & ToolsMarch, 2012Philippines, Eastern Asia, Oceania
The Philippine economy grew slower than expected at 3.7 percent in 2011, held back by weak public spending and external demand. In the fourth quarter (Q4), growth slightly improved at 3.7 percent. As in past quarters, growth was driven by remittance-fueled household consumption, which grew by 6.7 percent. The government's disbursement acceleration plan was partially successful and contributed 1.3 percentage points (ppt) to gross domestic product, or GDP growth in Q4, up from 0.3 ppt in Q3, but this was not enough to push growth up to the targeted level of around five percent.
Library ResourceReports & ResearchTraining Resources & ToolsJune, 2012Zimbabwe, Africa
The Public Investment Management (PIM) efficiency review is intended to support the Government of Zimbabwe, and in particular the Ministry of Finance, in its efforts to strengthen the efficiency of the public investment system, with the goal of improving the creation, operation and maintenance of public sector capital assets that support service delivery and economic growth. The problems of public investment management are not merely financial but systemic. Budget execution deficit remains a major bottleneck.
Library ResourceConference Papers & ReportsApril, 1998
James D. Wolfensohn, President of the World Bank Group, discussed that it is crucial to have economic growth and it is crucial to adhere to policies which are tried and true in terms of balance, in terms of equilibrium, in terms of monetary, and fiscal policy. The real issues are how can one deal with poverty within the framework of environmental sustainability, with inclusive and sustainable programs, with participation, and with results that can make a big enough difference.
Library ResourceConference Papers & ReportsFebruary, 1999Democratic People's Republic of Korea, Eastern Asia, Oceania
James D. Wolfensohn, President of the World Bank Group, discussed what the Bank learned in coming to look at the issues of poverty and development. Development requires proper economic policies, but also the essential element of the social aspects and human aspects of society. The Bank’s focus is to think first in terms of poverty—fighting poverty with passion was adopted recently as the first line of our mission statement. Wolfensohn discussed an agenda for action on the issues of inclusion, corruption, transparency, education, knowledge, and private sector environment.
Library ResourceConference Papers & ReportsApril, 1999
James D. Wolfensohn, President of the World Bank Group, discussed the international development framework; legal and justice system; financial supervision and control at the level of banks, financial markets, capital markets, leasing, and agricultural banks; and social safety net and a social structure to come up with programs for privatization in the former Soviet Union. Governments must be the dominant power in deciding the development agenda. In partnership with a country’s government, the Bank agrees upon a Comprehensive Development Framework.
Library ResourceConference Papers & ReportsMay, 1999Latin America and the Caribbean
James D. Wolfensohn, President of the World Bank Group, reassessed the global financial architecture and its impact on Latin America. Latin American countries, being small economies, are very vulnerable to world pressures. After a huge drop in private sector finance, we’re seeing the first signs of return. What we need now is greater transparency and supervision in banking and the private sector—and a better common set of principles and standards. We need decent government, trained government, with capacity at all levels. We need legal systems that work.
Library ResourceConference Papers & ReportsSeptember, 1999
World Bank Group President, James Wolfensohn addressed the Board of Governors. In the past year the Bank launched a new initiative—the Comprehensive Development Framework (CDF). The aim was to bring the social and the structural aspects of development together with the macroeconomic and the financial so as to establish a much more balanced and effective approach. The Bank will work with the broad development community—the United Nations, the European Union, bilaterals, regional development banks, civil society, and the private sector—to build genuine partnerships.
Library ResourceReports & ResearchTraining Resources & ToolsApril, 2015Mali, Africa
This study discusses the impact of economic geography and (low) population density on development outcomes in Mali and explores how policies to reduce poverty can be made more effective by taking these two factors into account. The crisis in north Mali which started in 2012 and continues to date has brought questions of economic geography to the center of attention.