Policy Research Working Paper 10947 Public Disclosure Authorized Public Disclosure Authorized Household and Firm Exposure to Heat and Floods in South Asia Patrick Behrer Jonah Rexer Siddharth Sharma Margaret Triyana South Asia Region Office of the Chief Economist October 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10947 Abstract Climate change is increasing household exposure to extreme heat, floods and other natural disasters. This paper examines the differe ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10945 Identifying Growth Accelerations Bram Gootjes Jakob de Haan Kersten Stamm Shu Yu Public Disclosure Authorized Development Economics Prospects Group October 2024 Policy Research Working Paper 10945 Abstract This paper introduces a new method to identify output growth accelerations that integrates elements of both the "criteria-based" and "break-testing" approaches, which are prevalent in ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10944 The Effect of Carbon Taxes on Aggregate Productivity The Case of the Dominican Republic Esteban Ferro Davide S. Mare Faruk Miguel Liriano Fausto Patiño Peña Maria Gabriela Rodriguez Quezada Federica Zeni Finance, Competitiveness and Innovation Global Practice October 2024 Public Disclosure Authorized Policy Research Working Paper 10944 Abstract This paper examines the impact of implemen ...

v Public Disclosure Authorized Public Disclosure Authorized BUSINESS PLAN Public Disclosure Authorized ENERGY SECTOR MANAGEMENT ASSISTANCE PROGRAM BUSINESS PLAN Public Disclosure Authorized FY2025–2030 THE WORLD BANK BUSINESS PLAN ENERGY SECTOR MANAGEMENT ASSISTANCE PROGRAM BUSINESS PLAN FY2025–2030 ABOUT ESMAP The Energy Sector Management Assistance Program (ESMAP) is a partnership between the World Bank and over 20 partners to help low- and middle-income countries reduce poverty and boost growth through s ...

Public Disclosure Authorized ECONOMIC UPDATE 2024 NIGER Special chapter Investing in education for inclusive growth Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PUBLIC DISCLOSURE AUTHORIZED © 2024 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10942 Procyclical Fiscal Policy in Argentina Drivers and Channels of a Long-Lasting Marriage Julián Folgar Francisco García Posleman Public Disclosure Authorized Macroeconomics, Trade and Investment Global Practice October 2024 A verified reproducibility package for this paper is available at http://reproducibility.worldbank.org, click here for direct access. Policy Research Working Paper 109 ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10941 Digitalization and Inclusive Growth A Review of the Evidence Gaurav Nayyar Regina Pleninger Dana Vorisek Shu Yu Prosperity Practice Group Office of the Chief Economist October 2024 A verified reproducibility package for this paper is available at http://reproducibility.worldbank.org, click here for direct access. Public Disclosure Authorized Policy Research Working Paper 10941 Abstract ...

Policy Research Working Paper 10943 Public Disclosure Authorized Public Disclosure Authorized Taxing for Growth Revisiting the 15 Percent Threshold Rishabh Choudhary Franz U Ruch Emilia Skrok Macroeconomics, Trade and Investment Global Practice October 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10943 Abstract Tax revenue collection is essential to the state's ability to address market failures, provide goods and services such as health and education, invest ...

Industry Overview - The asset management and financial sponsors sector operates in a dynamic and changing market environment, shaped by major global financial trends such as digitalization, sustainable finance, and increasing regulatory scrutiny [2] - The sector includes a diverse range of entities, from wholesale and retail fund managers to private equity and credit firms, each affected differently by market challenges [2] - The asset management industry manages approximately USD 100 trillion in assets but faces pressure from cost and fee income challenges as investors demand more value for money [3] - Private equity operates in a higher cost of capital environment compared to the last decade, with deal flow improving due to slowing inflation and interest rate cuts [4] - Private credit has grown exponentially to USD 1.5 trillion, serving smaller and mid-size corporates as an alternative to leveraged finance and public bonds [4] Technology and Innovation - The sector is increasingly leveraging technology, with artificial intelligence (AI) moving from back-office functions to strategic uses such as due diligence, research, and reporting [5] - Generative AI has the potential to improve investment decision-making and enhance financial sponsors' market performance [5] - Cloud technology poses systemic risks, with major providers potentially becoming single points of failure [15] - Cybersecurity risks are rising, with the financial sector experiencing over 20,000 cyberattacks resulting in USD 12 billion in losses over 20 years [17] - Digital transformation requires businesses to re-skill existing employees and recruit new talent, particularly in AI and IT [18] Sustainability and ESG - Sustainability goals and associated reporting represent both opportunities and risks for the sector, with thematic investing and impact funds gaining importance [6] - Voluntary sustainability standards are becoming regulatory requirements, creating potential barriers to cross-border finance [6] - Greenwashing, misstatements, and mislabeling pose significant risks, with regulatory action increasing in jurisdictions like the US and Australia [23] - ESG-related disclosures are becoming the norm, with challenges in implementation due to data availability and regulatory interpretation [21] - ESG ratings are still open to interpretation, with some jurisdictions introducing regulations to address these issues [22] Specialized Finance - Private credit has grown to USD 1.5 trillion, competing with banks to fund corporate acquisitions and diversifying into assets like commercial real estate [26] - GP-led liquidity solutions are increasingly popular, providing liquidity to sponsors and investors but requiring careful management of conflicts of interest [27] - Adaptation finance faces challenges due to perceived low returns and a lack of standardized market language and classification frameworks [28] - The private funds sector has developed tools to access capital during the fund lifecycle, with sponsors needing to manage conflicts and provide sufficient disclosures [27] Workforce and Inclusion - Inclusion, diversity, and equity (ID&E) are key social factors within ESG, with research showing that greater diversity improves risk management culture [30] - Employers face challenges in implementing ID&E initiatives, particularly in the US, where recent Supreme Court decisions have impacted race-conscious programs [30] - The collection and reporting of diversity data are increasingly mandated, but compliance with local data privacy laws is essential [32] - Executive exits can lead to significant knowledge loss, requiring robust succession planning and enforceable non-compete clauses [33] Mergers and Acquisitions - Private equity M&A activity is improving in 2024 due to slowing inflation and interest rate cuts, with carve-out transactions becoming more popular [35] - Regulatory scrutiny in M&A has increased, with antitrust authorities focusing on new threats to competition and foreign investment control expanding [36] - Due diligence in private equity M&A involves extensive analysis of target companies, particularly in labor law and regulatory obligations [37] - Post-acquisition integration requires careful planning, with HR considerations, tax issues, and regulatory approvals being critical factors [38] Litigation and Enforcement - Climate-related claims are a predominant concern for financial sponsors, with NGOs and claimant law firms leveraging media to exert reputational pressure [40] - Transactional disputes can arise from financing and acquisition activities, with increased risk in situations of distress or competitive lending [42] - Antitrust action is a growing risk, particularly with private equity's use of "roll-up" strategies that consolidate industry sectors [43] Taxation - The global tax landscape is shifting, with increased uncertainty and risks associated with contentious tax matters, including the OECD's Two-Pillar Solution [46] - International tax and transfer pricing structures face heightened scrutiny, with tax authorities demanding more data to substantiate calculations [47] - Tax transparency is becoming a key part of the sustainability agenda, with legislative regimes like the EU Directive on public country-by-country reporting [48] - Carried interest taxation is under scrutiny in the UK, with potential implications for private equity funds and key individuals [49]

Measuring and Monitoring the Sustainability of Tourism at Regional Level in Spain OECD Studies on Tourism OECD Studies on Tourism Measuring and Monitoring the Sustainability of Tourism at Regional Level in Spain INDICATOR FRAMEWORK AND COMPILATION GUIDE OECD Studies on Tourism | --- | --- | |-------------------------------|-------| | | | | Measuring and Monitoring | | | the Sustainability of Tourism | | | at Regional Level in Spain | | INDICATOR FRAMEWORK AND COMPILATION GUIDE This document was produced wit ...