29302 Perspectives Public Disclosure Authorized on Development Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized wat~ THE WORLD BANK 0 * - 0 0 0 * * * - * - - - 0 * 0 THE WORLD BANK PERSPECTIVES ON' DEV'ELOPM0EN'T Spring 2004 Published by Pressgroup Holdings Europe, S.A. for the World Bank NO . OUN ARIES * 100% repatriation of capital and profits * Well connected via land, sea and air * Tax free environment * Responsive, business-friendly government * Well developed infrastructure * Established banking centre * Ultra-modem telecommunication facilities * No currency restrictions * Free zones offering 100%/, foreign ownership j<- , ., Dl1 i Dal.~~~~~~~~~, - 4 1-; GOVERNNIENTl Of, DUI3AI DEPARTMENT OF TOURISM AND COMMERCE MARKETING P.O. Box: 594, Dubai, United Arab Emirates. Tel: 00971 4 2230000, Fax: 009714 2230022. Website: http: / / dubaitourismr.ae e-mail:knfoOdubaitourism.ae * D D - D D D D - - D CONTENTS PART l: Introduction [5] Chapter 1: Introduction to World Bank Group [7] Chapter 2: A New Global Balance: The Challenge of Leadership [9] Chapter 3: Overview of World Bank Activities in Fiscal 2003 [17] Chapter 4: Improving Development Effectiveness [35] PART II: Regional Perspectives [43] Chapter 5: Africa [45] Chapter 6: Europe and Central Asia [55] Chapter 7: Latin America and the Caribbean [63] Chapter 8: Middle East and North Africa [73] Chapter 9: South Asia [83] SPECIAL FOCUS: East Asia and Pacific [91] Chapter 10: East Asia and Pacific [93] Chapter 11: China and the WTO [99] Chapter 12: Fighting Corruption in East Asia: Solutions [105] from the Private Sector PART IIl: Thematic Perspectives [109] Chapter 13: HIV / AIDS and Education [111] Chapter 14: Reaching the Rural Poor [117] Chapter 15: The Importance of Land Policies [125] Chapter 16: Making Services Work for Poor People [131] Chapter 17: Realizing the Development Promise of the Doha Agenda [139] Chapter 18: Doing Business: Understanding Regulation [147] Chapter 19: Striving for Stability in Development Finance [159]] PART IV: Data [163] Chapter 20: Selected Development Indicators [165] Chapter 21: Doing Business Indicators [173] Chapter 22: World Bank Website [181] RU2-SI' IS 4 S GLOBEXBANK C*N HELP YOU GET THERE QUICKER 7P . ~- A. 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INTRODUCTION TO WORLD BANK GROUP z Conceived in 1944 to reconstruct war-torn Europe, the World Bank Group has evolved into one of the world's largest sources of development assistance, with a mission of fighting poverty with passion by helping pro......itrstfee las,e aldcrdt,t govrnmetpeople help of55 themselves.the....*. THE FIVE WORLD BANK GROUP INSTITUTIONS The World Bank Group is composed of five institutions: * The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries. * The International Development Association (IDA) provides interest-free loans, called credits, to governments of the poorest countries.ID • The International Finance Corporation (IFC) T' lends directly to the private sector in developing countries. I IFC * The Multilateral Investment Guarantee Agency (MIGA) provides guarantees to investors in developing countries against losses caused by noncommercial risks. IIn * The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of i - investment disputes. - 'C5 1 Although the World Bank Group consists of five institutions, only IBRD and IDA constitute the World Bank. [Excerpted, with changes, from A Guide to the World Bank (Washington, D.C.: World Bank, 2003), pp. 3-4]. Through its five institutions, the Bank Group WORLD BANK GROUP MIISSION works in more than 100 developing economies, STATENIENT bringing a mix of financing programs and ideas to improve living standards and eliminate the Our dream is a world free of poverty worst forms of poverty. This role has grown in * To fight poverty with passion and professionalism for relative importance in the world of lasting results. To help people help themselves and their environment international finance in recent years as private by providing resources, sharing knowledge, building sector net financial flows to developing capacity, and forging partnerships in the public and countries have declined, private sectors. The Bank Group is managed by its member *To be an excellent institution able to attract, excite, 7 ~~~~~~~~~~~~~~~andnurture diverse and committed staff with countries (borrowers, lenders, and donors), exceptional skills who know how to listen and learn. whose representatives are resident at the Bank Group's headquarters in Washington, D.C., and Our principles at country offices around the world. Many * Client centered, working in partnership, accountable developinguse countries Bank Group for quality results, dedicated to financial integrity and developingusecountries Bank Group cost-effectiveness, inspired and innovative. H assistance-ranging from loans and grants to technical assistance and policy advice. All Bank Our values Gopefforts are coordinated with a wide * Personal honesty, integrity, commitment; working Graneouparnr,icuiggvrmn together in teams-with openness and trust; rangencluding of artners, overnmentempowering others and respecting differences; agencies, nongovernmental organizations, encouraging risk-taking and responsibility; enjoying our other aid agencies, and the private sector. A work and our families rapidly increasing percentage of Bank Group staff members is based in the countries that receive assistance. 7 Grb~~ ~ ~ ~ ~ * -~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ - to * ** 0- - ******** 0 0 0* 0 ****0 0 - - - - * - 0 0 0 4 2. A NEW GLOBAL BALANCE: THE CHALLENGE OF LEADERSHIP 7 Address by James D. Wolfensohn, Z President of the World Bank Group, to the Board of Governors of the World Bank Group at the joint Annual Discussion. In his opening address at the 2003 World Bank-IMF Annual Meetings in Dubai, September 23, 2003, Bank President James D. Wolfensohn said that there is a need for a new balance between developed and developing countries on aid and trade. Your Royal Highnesses, Mr. Chairman, we were reminded of it by yesterday's attack. Governors, distinguished guests: We mourn Sergio de Mello, an exceptional humanitarian who dedicated his life to = I t gives me great pleasure to welcome you to development-and with whom we worked this remarkable city of Dubai for the Annual closely in many post-conflict countries. Meetings of the World Bank and the IMF. We mourn also Dr. Alya Sousa, our Bank I would like to express my profound colleague whom we lost to terrorism. She was a appreciation to the government and people of committed professional who took pains to look the United Arab Emirates: for their warm after her co-workers. An outstanding person. hospitality, their magnificent preparations-one I visited with both just days before the attack. has only to look at this extraordinary hall-and Like all of you, I feel for the families of those their commitment to making our meetings a killed, and injured, in the blast. How sad our success. world when peacemakers become the targets. Thank you, Chairman Villiger, for your We honor Sergio, Alya-and all who have remarks and for your leadership of these died-by continuing their work. meetings. I can assure you of the Bank's commitment I wish also to thank my friend, Horst Koehler, to help the people of Iraq, just as we have and our colleagues in the IMF, for another year worked to support the people of Afghanistan, of working together in close and effective Bosnia-Herzegovina, Kosovo, Timor-Leste, and partnership. the West Bank and Gaza. One result of our effort is the needs assessment we and our IMF THE REGION AND THE WORLD and UN colleagues will deliver to donors in THEREGIN AND TE WORLD Madrid next month. We look forward to We meet in the Middle East for the first assisting with the reconstruction process in the time-and at a vital moment. The eyes of the years ahead. world are on the region. They are also on us. The Bank has been at work in this region for We meet, 184 nations strong, with a more than half a century. Our first loan here responsibility to show leadership-and set a was, in fact, to Iraq, in 1950-for flood control clear course for development and peace. on the Tigris and Euphrates. We meet in the shadow of conflict and loss. The projects we support today finance The horror of the attack on the U.N. low-income housing in Jordan. Micro-credit to compound in Baghdad is seared in memory-and women in Yemen. Capacity building for a new 7F 4_ ;, Fe -- _~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ A 3l ___- tt _ _ . v C 3 ,4U1 _ _ _j| - N WI_ 4 A~~~~~ - I -.