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Guidelines for Constructing Consumption Aggregates for Welfare Analysis

In September 2001, staff from the World Bank and the International Monetary Fund met with the objective of strengthening collaboration between the two organizations in projects of civil service reform. This strengthened collaboration will have key benefits in ensuring consistency between the conflicting goals of the two organizations, establishing realistic objectives within the reform process, and maintaining a core set of wage and employment data. The principal conclusion arrived at was that World Bank and IMF staff should be engaging in collaboration earlier in the reform process. To guide the collaboration, six foundations were identified. These include: develop a medium-term fiscal framework; foster national ownership by making reforms politically feasible; focus and streamline conditionality; agree on sequencing and timing of reforms; and strengthen data collection. These principals will be tested for effectiveness in several focus countries.

Each survey is at least a little different from every other, so that the code that
follows would — at a minimum — have to be modified for each country to take
into account differences in structure of the questionnaire as well as to give due
consideration to each country's unique circumstances and institutions, types of
data collected in the survey, etc. Al includes the 6 Stata programs used to
construct the consumption aggregate from the Nepal Living Standards Survey (
NLSS) data, the ...

Conflict and Cooperation on South Asia's International Rivers

A Legal Perspective

'Conflict and Cooperation on South Asia's International Rivers' traces the development of international water law. This book focuses on the hydro-politics of four countries in the South Asia region: Bangladesh, India, Nepal, and Pakistan. It analyzes the problems that these countries have encountered as riparians of international rivers and how they have addressed these problems. In particular, this study reviews the treaty regimes governing the Indus River basin, the Ganges River basin, and the Kosi, Gandaki, and Mahakali river basins. Each of these regimes is described in-depth, with special attention devoted to the main problems each of these treaties sought to address. The authors also review the treaty experience and offer observations on bilateralism and multilateralism.

... with no substitute, and over which there is total dependency, has heightened
both conflict and cooperation over a large number of international rivers.2 In
some areas of the world, the competing demands of states 1 An international
river is one either flowing through the territory of two or more states (also referred
to as a successive river), or one separating the territory of two states from one
another (also referred to as a boundary river or a contiguous river). See, A. H.
Garretson, et al., ...

Voice for the World's Poor

Selected Speeches and Writings of World Bank President James D. Wolfensohn, 1995-2005

Brings together the most important and inspiring speeches made by James Wolfensohn during his time as World Bank president.

Selected Speeches and Writings of World Bank President James D. Wolfensohn,
1995-2005 James D. Wolfensohn ... Cover design Libby Settlemyer, Gensler
Studio 585, Washington, D.C. Photographs Pages 3, 9, 15, 19, 29, 42, 152, 156, ...

The Information Technology Revolution and Economic Development

It should recognize the interdependencies within the information technology
industry as well as among user industries and in the economy at large. The most
advantageous route for the development of the electronics sector itself cannot
ignore ...

Risk Analysis for Islamic Banks

Islamic finance is emerging as a rapidly growing part of the financial sector in the Islamic world and is not restricted to Islamic countries, but is spreading wherever there is a sizable Muslim community. According to some estimates, more than 250 financial institutions in over 45 countries practice some form of Islamic finance, and the industry has been growing at a rate of more than 15 percent annually for the past several years. The market's current annual turnover is estimated to be $70 billion, compared with a mere $5 billion in 1985, and is projected to hit the $100 billion mark by the turn of the century. Since the emergence of Islamic banks in the early 1970s, considerable research has been conducted, mainly focusing on the viability, design and operations of a deposit-accepting financial institution, which operates primarily on the basis of profit and loss partnerships rather than interest. This publication provides a comprehensive overview of topics related to the assessment, analysis, and management of various types of risks in the field of Islamic banking. It is an attempt to provide a high-level framework (aimed at non-specialist executives) attuned to the current realities of changing economies and Islamic financial markets. This approach emphasizes the accountability of key players in the corporate governance process in relation to the management of different dimensions of Islamic financial risk.

TABLE 12.1 Disclosure Practices of Islamic Banks Source: Sundararajan (2004).
conducted by the authors of nine Islamic banks for which balance sheet data
were easily available, one bank did not provide sufficient details as to the division
of ...

Economic Development and Islamic Finance

Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

This relatively doable transformation from underdeveloped to developed status
seemed rather simplistic to me, a young ... We used to debate about what was the
binding constraint to development; he stressed inconsistent macroeconomic ...