Shi Jie Yin Hang
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International Centre for Settlement of Investment Disputes (ICSID) 2024 Annual Report
Shi Jie Yin Hang· 2024-11-05 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The International Centre for Settlement of Investment Disputes (ICSID) has administered over 900 cases, representing more than 70% of all known international investment cases, indicating its significant role in investment dispute resolution [5] - In FY2024, ICSID registered 58 new cases under the ICSID Convention and Additional Facility, with a total of 991 cases registered since its inception in 1972, reflecting a robust demand for its services [6][31] - The report highlights a record 49 nationalities represented among arbitrators appointed in FY2024, with 29% of appointments involving women, showcasing progress in diversity [31][48] Summary by Sections Introduction - The ICSID is the only global institution dedicated to international investment dispute settlement, established in 1966 [2] Annual Report Overview - The report covers the fiscal year from July 1, 2023, to June 30, 2024, detailing the operations and financial statements of ICSID [4] Caseload Trends - In FY2024, ICSID administered 341 cases, the second-largest number in its history, with 34% of its total caseload being managed during this fiscal year [31][32] - The majority of new cases involved the oil, gas, and mining sectors (28%), followed by electric power and other energy sources (17%) [43][44] Diversity and Appointments - The report notes that 32% of appointments involved nationals from low- or middle-income economies, and 23% of first-time appointees were women [47][48] - A total of 197 appointments were made to ICSID tribunals and ad hoc committees in FY2024, with 71% made by parties or party-appointed arbitrators [45][46] Geographic Distribution - The largest share of cases registered in FY2024 involved States in Eastern Europe and Central Asia (24%), followed by South America (19%) and North America (16%) [40][41] Economic Sectors - The extractive and energy sectors continued to dominate the caseload, with significant representation from transportation and construction sectors [43][44] Conclusion - ICSID's growth in membership and case administration reflects its importance in the global investment landscape, with ongoing efforts to modernize procedures and enhance service delivery [26][31]
IFC Annual Report Financials 2024
Shi Jie Yin Hang· 2024-11-05 23:03
ublic Disclosure Authorize ic Disclosure Authorized Publi Public Disclosure Authorized ERATING OBILIZING INVESTMENT AT SCALE IFC 2024 ANNUAL REPORT FINANCIALS tblic Disclosure Authorize International Finance Corporation worldBankGRoup Table of Contents 足୧ | --- | --- | --- | --- | |-------|------------------------------------------------------------|-------|--------------------------------------------------------------------------------| | | 2 | | CONSOLIDATED FINANCIAL STATEMENTS AND INTERNAL CONTROL REPOR ...
Ghana: A Blue Carbon Readiness Assessment
Shi Jie Yin Hang· 2024-11-05 23:03
ORLD BANK GROUP 6 R UE 2024 ★ GHANA RBON Public Disclosure Authorized ublic Disclosure Authorized ublic Disclosure Authorized Public Disclosure Authorized © 2024 The World Bank Group 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000 | Internet: www.worldbank.org Disclaimer The content of this report does not reflect the official opinion of the project sponsors or their partner organization. Responsibility for the information and views expressed therein lies entirely with the authors. Please cite ...
Belize: A Blue Carbon Readiness Assessment
Shi Jie Yin Hang· 2024-11-05 23:03
'ORLD BANK GROUP I LUE QB Public Disclosure Authorized ublic Disclosure Authorized ublic Disclosure Authorized 2024 88 RBON LIZE Public Disclosure Authorized © 2024 The World Bank Group 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000 | Internet: www.worldbank.org Disclaimer The content of this report does not reflect the official opinion of the project sponsors or their partner organization. Responsibility for the information and views expressed therein lies entirely with the authors. Please c ...
IFC Annual Report 2024
Shi Jie Yin Hang· 2024-11-05 23:03
Investment Rating - The report indicates a strong commitment to mobilizing private sector solutions for development, with a record investment of $56 billion in fiscal year 2024, including over $22 billion mobilized from partners [3][24][31]. Core Insights - The World Bank Group is enhancing its operational effectiveness to address intertwined global challenges such as poverty, climate change, and food insecurity, with a commitment to provide electricity access to 300 million people in Africa by 2030 [4][16]. - The IFC is focusing on innovative financial instruments and partnerships to boost private sector investment in emerging markets, aiming to increase annual guarantee issuance to $20 billion by 2030 [10][38]. - The report emphasizes the importance of digital transformation, with a digital lending portfolio totaling $5.6 billion as of June 2024, aimed at establishing the foundations of a digital economy in developing countries [17][19]. Summary by Sections Leadership Perspectives - The leadership highlights the need for a better bank to tackle pressing global challenges and emphasizes the importance of partnerships with the private sector [4][10][20]. Results - The World Bank Group committed $117.5 billion in fiscal 2024, with $31.7 billion from IFC, reflecting a significant increase in financing to address development needs [4][56]. - The IFC's net income for fiscal 2024 was $1.485 billion, with total assets amounting to $108.187 billion [58]. Strategy in Action - The IFC is channeling 45% of its annual financing to climate action by 2025, focusing on both mitigation and adaptation efforts [15][7]. - The report outlines the establishment of the Private Sector Investment Lab to address barriers to private sector investment in emerging markets [38][39]. Critical Functions - The report discusses the Global Emerging Markets Risk Database (GEMS) Consortium, which aims to enhance transparency and mobilize private investment in emerging markets [39]. - The Knowledge Compact for Action is introduced as a strategy to leverage knowledge and expertise in crafting development plans [40][41].
Saving Lives While Raising Revenue
Shi Jie Yin Hang· 2024-11-04 23:03
WORLD BANK GROUP EALTH TAXES A series on Fiscal Policy & Health Knowledge Note Saving Lives while Raising Revenue: Opportunities in Brazil's reform of indirect taxes to improve Tobacco, Alcohol, and Sugar-Sweetened Beverages Excise Taxes Disclosure Auth olic Disclosure Autho | --- | --- | |--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
The Regulation of Platform-Based Work
Shi Jie Yin Hang· 2024-11-04 23:03
olic Disclosure Auth The regulation of platform-based work: Recent regulatory initiatives and insights for developing countries olic Disclosure Authoriz olic Disclosure Autho Disclosyre Authoriz Maho Hatayama Dagmara Maj-Swistak ORLD BANK GROUP Table of Contents Executive Summary 6 1. Introduction 8 2. How are labor regulations adapted to protect platform-based work? 11 3. What can we learn from specific regulatory attempts? 14 3.1. Classifying employment status for platform-based work 14 3.2. Improving wor ...
Foundational Learning Compact Umbrella Trust Fund Progress Report
Shi Jie Yin Hang· 2024-11-01 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The Foundational Learning Compact (FLC) aims to strengthen education systems and improve learning outcomes globally, particularly in low- and middle-income countries [40][41] - The FLC has catalyzed approximately $16.5 billion in funding through the World Bank, benefiting over 36 million students and 5 million teachers across 86 countries [78][79] - The report emphasizes the urgency of addressing learning poverty, which risks significant future economic losses estimated at $21 trillion [17][20] Summary by Sections Trust Fund Overview and Highlights - The FLC supports foundational learning, focusing on literacy, numeracy, and socio-emotional skills as essential for overall educational development [80] - The FLC has awarded 39 catalytic grants totaling around $21 million to 29 countries, with a significant increase in disbursements by nearly 20% compared to the previous period [46][47] Implementation Progress - The Accelerator Program has set learning targets and developed Investment Cases in several countries, enhancing accountability and likelihood of achieving learning outcomes [32][54] - The FLC has produced 57 country briefs using data from the Progress in International Reading Literacy Study 2021, supporting national learning assessment systems [33][62] Risks and Challenges - The report does not provide specific details on risks and challenges Looking Ahead - Future activities will continue to focus on improving foundational learning outcomes, with an emphasis on collaboration with global education partners [42][43] Trust Fund Financials - The FLC has leveraged significant funding from various donors, including the Bill & Melinda Gates Foundation and the UK Foreign, Commonwealth & Development Office [48][50]
The Changing Wealth of Nations - Adding Water to the Changing Wealth of Nations
Shi Jie Yin Hang· 2024-11-01 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The report emphasizes the importance of valuing water as a natural capital asset to enhance economic understanding and policy-making related to water resources [11][12][16]. - It identifies three approaches for estimating the value of water: asset-by-asset, use-by-use, and service-by-service, with the service-by-service approach being the most feasible at the required scale [11][12][16]. - The report highlights the need for improved data and methodologies to generate reliable estimates of water value, which is currently underrepresented in national wealth accounts [11][12][16]. Summary by Sections Introduction - Water consumption is increasing globally due to population growth and economic development, while availability is affected by climate change and declining quality [11]. - The report aims to assess the feasibility of valuing water in at least 150 countries for inclusion in the Changing Wealth of Nations (CWON) [11][12]. Water Valuation Options - Three approaches to water valuation are discussed: 1. **Asset-by-Asset**: A bottom-up assessment based on the trade of water-related assets, currently limited by data availability [12]. 2. **Use-by-Use**: A bottom-up approach assessing water use across various industries, requiring detailed country-level data [12]. 3. **Service-by-Service**: A top-down approach estimating the value of water-related ecosystem services, which is currently the most feasible method [12][16]. Data Sources and Methods - The report discusses the need for comprehensive data sources and methods to improve water valuation estimates, emphasizing the integration of environmental and economic data [11][12][16]. - It suggests that partnerships and collaborations could enhance data collection and methodological innovation for water valuation [12][16]. Next Steps - The report proposes a combination of bottom-up and top-down approaches to advance water valuation efforts, aiming for reliable estimates for 150 countries [12][16].
Paraguay – Poverty and Equity Assessment
Shi Jie Yin Hang· 2024-11-01 23:03
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Paraguay has made significant progress in reducing poverty, halving its poverty rate from 51.4% in 2003 to 24.7% in 2022, and extreme poverty from 12.6% to 5.6% during the same period [22][43] - The pace of poverty reduction has slowed since 2014, with most gains occurring between 2003 and 2013, and recent adverse shocks have impacted progress [23][47] - In 2023, Paraguay saw a reduction in moderate poverty by 2.8 percentage points and extreme poverty by 1.2 percentage points, indicating signs of recovery [23][51] Overview of the Challenge - Despite significant poverty reduction, spatial disparities persist, with rural areas experiencing higher poverty rates [22][42] - The Gini coefficient for income inequality was 45 points in 2022, indicating a higher level of inequality compared to structural peers [23] - Vulnerable groups include the young, women, low-educated individuals, informal workers, and Indigenous communities, who face higher poverty rates [23][24] Factors Limiting Poverty Reduction - **Human Capital**: Paraguay faces significant human capital deficits, with low educational outcomes and health disparities affecting poverty reduction efforts [26][27] - **Job Quality**: High labor informality (63% in 2022) and poor job quality hinder access to quality employment [28] - **Fiscal System**: The fiscal system's limited impact on poverty reduction is due to low tax collection and inefficiencies in public spending [29] - **Climate Vulnerability**: Low-income households are particularly vulnerable to climate shocks, which can exacerbate poverty [30] Strategies for Inclusive Growth - **Human Capital Accumulation**: Prioritize early childhood education and improve access to quality education, especially for marginalized communities [32] - **Job Creation**: Implement policies to enhance job creation in formal sectors and improve access to quality jobs [33] - **Fiscal Policy**: Enhance the progressivity of the tax system and improve targeting of social transfers to lower-income households [34] - **Climate Resilience**: Develop strategies to increase resilience to climate shocks, including investment in infrastructure and disaster risk management [36] Proposed Policies and Interventions - Short-term policies include expanding early childhood education and stimulating job creation in micro, small, and medium enterprises (MSMEs) [39] - Medium- to long-term policies focus on attracting foreign direct investment (FDI) and enhancing vocational training aligned with market needs [40]