Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Climate change threatens Djibouti's development goals, potentially leading to economic losses equivalent to nearly four years of current output by mid-century due to increased extreme heat, drought, and floods [49][55] - Policies and investments aimed at climate adaptation can significantly reduce economic damages, with a limited set of priority actions capable of halving potential GDP losses [50][76] - Significant infrastructure investments have been made, but Djibouti must ensure these assets deliver on their promise for resilience and economic diversification [51][56] - Capacity building, economic reform, and skills development are critical for successful adaptation and diversification [53][78] - Additional concessional resources are required for climate adaptation, with estimated needs exceeding US$2.8 billion [54][76] Summary by Sections Chapter 1 – Climate and Development - Djibouti's economic growth has elevated it to lower-middle-income status, driven by political stability, strategic location, and significant foreign direct investment [86] - The economy is heavily reliant on the services sector, particularly trade with Ethiopia, making it vulnerable to external shocks [90] Chapter 2 – Country Climate Commitments, Policies, and Capacities - The report emphasizes the need for a stronger institutional framework to implement climate policies and mobilize financing [83] Chapter 3 – Selected Climate and Development Priorities - Djibouti's interdependence with neighboring countries through trade and migration is crucial for achieving development priorities while enhancing resilience [66] - Investments in water management, urban planning, and health care are essential to safeguard livability [70] Chapter 4 – Macroeconomic and Welfare Implications of Climate Change - Climate impacts could generate a permanent annual loss of up to 6% of GDP by 2050, with cumulative losses estimated at US$14-15 billion [75] - Adaptation investments are necessary to mitigate these impacts, with a focus on fiscal management and mobilizing international support [77] Chapter 5 – Conclusion and Recommendations - Economic reform, capacity building, and investment in skills are critical to the adaptation agenda, ensuring that infrastructure investments yield expected benefits [78]

Digitalization of Human Development Services in Europe and Central Asia Public Disclosure Authorized Ahmet Levent Yener, Jamexis Denise Christian, Samuel Jacques Chicheportiche, Subhashini Rajasekaran, Parviz Ahmadov and Lucia Solbes Castro Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10974 Resolving Puzzles of Monetary Policy Transmission in Emerging Markets Jongrim Ha Dohan Kim M. Ayhan Kose Eswar S. Prasad Public Disclosure Authorized Development Economics Prospects Group November 2024 Policy Research Working Paper 10974 Abstract Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often ...

Investment Rating - The report indicates a positive outlook for the insurance industry, particularly in personal lines and commercial property and casualty (P&C) insurance, suggesting opportunities for profitable growth [6][43][156]. Core Insights - The global insurance industry is navigating a volatile environment characterized by high inflation, uncertain interest rates, and geopolitical instability, yet there are significant opportunities for growth [5][6]. - Personal P&C insurance premiums grew by 9.5% in 2022-23, reaching $1.1 trillion, indicating a recovery from previous stagnation [7][46]. - Commercial P&C insurance lines have seen an average premium increase of 8% annually over the past five years, with a focus on capturing consistent, profitable growth amid changing market conditions [10][171]. - The life insurance market is being reshaped by demographic changes, particularly the aging population, which presents opportunities for innovative retirement solutions [12][260]. Summary by Sections Personal P&C - The personal lines P&C industry is recovering, with premium growth driven primarily by rate increases rather than expansion into new risks [42][50]. - The relevance of personal lines as a share of global GDP remains below pre-pandemic levels, indicating a need for innovation and increased coverage [47][48]. - Emerging markets in Latin America and Asia present potential growth opportunities as economic conditions improve [8][33]. Commercial P&C - Commercial P&C insurance has experienced strong growth, primarily due to higher premiums, but there is a need to find growth beyond rate increases as market conditions soften [10][171]. - Insurers must focus on operational excellence and effective portfolio strategies to sustain profitability [11][202]. - The protection gap for natural catastrophes and cyber threats presents significant opportunities for insurers to innovate and expand their offerings [180][183]. Life Insurance - The life insurance industry is facing challenges with stagnant demand for traditional products, but there are bright spots in retirement solutions and health insurance [248][259]. - The aging population is driving demand for tailored retirement products, creating opportunities for insurers to regain relevance [260][284]. - Insurers are encouraged to integrate wealth and health solutions to meet evolving consumer needs and enhance customer experience [292][296]. Distribution and Technology - Distribution channels are evolving, with a shift towards embedded insurance and digital platforms that enhance customer engagement [123][130]. - The adoption of generative AI is transforming underwriting and claims processes, enabling insurers to improve efficiency and customer service [132][224]. - Insurers must adapt to changing distribution landscapes and strengthen relationships with brokers to capture profitable growth [228][230]. Strategic Directions - Insurers are encouraged to adopt clear growth strategies, focusing on distinctive capabilities and operational efficiencies to navigate the changing market landscape [210][244]. - The report outlines three archetypes for insurers: core players focusing on traditional coverage, innovators expanding into specialized products, and targeted players differentiating through marketing and servicing [137][140]. - Emphasizing the importance of partnerships and technology investments will be crucial for insurers to thrive in the evolving insurance ecosystem [131][240].

McKinsey & Company Insurance Practice Global Insurance Report 2025: Finding profitable personal lines growth The personal property and casualty insurance industry grew in 2023, fueled by rate increases. The opportunity now is to innovate, expand coverage, and increase the industry's relevance. This report is a collaborative effort by Alex Kimura, Deniz Cultu, Elixabete Larrea Tamayo, Grier Tumas Dienstag, and José Miguel Novo Sánchez, with Bernat Serra Montolí, Francesco Martini, and Sebastian Kohls, repres ...

McKinsey | --- | --- | --- | |--------------------------------------------------|-------|-------| | | | | | Insurance Practice Global Insurance Report 2025: | | | | Searching for profitable | | | | growth in commercial lines | | | Profitable growth is increasingly hard to find. Commercial property and casualty insurers need to be deliberate about where and how they compete. This article is a collaborative effort by Holger Wilms, James Polyblank, Shannon Varney, and Susanne Ebert, with Asim Bokhari, Nick Dig ...

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - Lake Victoria is facing a significant water quality crisis due to unsustainable land management, human waste, and industrial effluent, which has deteriorated over the last 40 years, impacting livelihoods and health in the basin communities [10][32][34] - The Lakewide Inclusive Sanitation (LWIS) Strategy aims to address sanitation challenges through a coordinated regional approach involving the five Partner States: Kenya, Tanzania, Uganda, Rwanda, and Burundi [10][35][41] - An estimated 33 million people in the Lake Victoria Basin lack access to improved sanitation, contributing to pollution and health issues [10][32][33] Summary by Sections Chapter 1: Valuable Regional Resource Under Threat - Lake Victoria is Africa's largest lake and a critical resource for over 47 million people, yet its water quality is declining due to urbanization and inadequate sanitation services [10][31][34] - The lake supports significant fisheries, providing livelihoods for around 3 million people, but pollution from urban settlements is a primary concern [10][31][32] Chapter 2: Bringing Communities and Countries Together Around a Common Approach - The LWIS initiative focuses on understanding the impact of poor sanitation and creating solutions through stakeholder engagement across the five countries [10][38][41] - Strategic Sanitation Action Plans (SSAPs) have been developed for selected urban areas to operationalize the LWIS Strategy [10][54][55] Chapter 3: The LWIS Strategy: A Roadmap for Effective Lakewide Sanitation - The LWIS Strategy includes four components: an enabling environment for improved sanitation, integration of planning and service delivery, regional cooperation, and a sustainable sanitation economy [10][40][41] - The strategy aims to enhance vital lake functions and improve access to sanitation services for all communities around Lake Victoria [10][78] Chapter 4: Growing a Sustainable Sanitation Economy - The report highlights the potential for job creation through sanitation SMEs, estimating around 69,000 jobs over a 10-year period [10][56][59] - The estimated cost for transformational sanitation investments to reduce pollution to the lake is around US$1.9 billion [10][66] Chapter 5: A Regional Blueprint for a Healthier Lake - The LWIS approach is expected to improve water quality and resilience against climate change impacts, emphasizing the need for coordinated action and private sector involvement [10][78][80] - Recommendations include enhancing monitoring and data access, supporting policy and regulatory frameworks, and promoting private sector engagement [10][81][84]

Policy Research Working Paper 10970 Public Disclosure Authorized Public Disclosure Authorized Weathering Shocks Unraveling the Effects of Short-Term Weather Shocks on Poverty in Paraguay Teresa Janz Franziska Gassmann Lyliana Gayoso de Ervin Poverty and Equity Global Practice November 2024 Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10970 Abstract In Paraguay, poverty reduction has stalled since 2014 due to a deceleration in economic growth, which has been argued ...

Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Policy Research Working Paper 10969 Afghanistan's New Economic Landscape Using Nighttime Lights to Understand the Civilian Economy after 2021 Oscar Barriga Cabanillas Walker Kosmidou-Bradley Silvia Redaelli Eigo Tateishi Ivo Teruggi Poverty and Equity Global Practice November 2024 Public Disclosure Authorized Policy Research Working Paper 10969 Abstract This study uses nighttime lights to examine the evolution of economic ...

Investment Rating - The report does not explicitly state an investment rating for the low-carbon building materials industry in China Core Insights - The transition to low-carbon building materials is essential for China to meet its dual carbon targets, as emissions from building materials accounted for over 20% of the country's total emissions in 2020, with cement and steel being the largest contributors [10][12] - Government procurement for public projects is a significant driver of demand for building materials, and utilizing low-carbon procurement can create an early market for these materials, leading to coordinated emissions reductions across the industrial chain [13][36] - The report emphasizes the need for a transition from green procurement to low-carbon procurement, highlighting the importance of establishing clear definitions, improved data transparency, and performance standards for building materials [19][23] Summary by Sections Emissions and Market Potential - In 2020, CO2 emissions from building materials exceeded 2.3 billion tons, with cement and steel contributing 53% and 36% of emissions respectively [10][12] - By 2030, public procurement could generate demand for 45 million tons of low-emissions steel and 277 million tons of low-carbon concrete materials, leading to significant emissions reductions [36][41] Transitioning to Low-Carbon Procurement - The report outlines five critical components for transitioning to low-carbon procurement, including defining the scope, improving data transparency, establishing carbon performance standards, providing incentives, and ensuring effective implementation [23][25] - Current green building materials focus on durability and health metrics, with limited disclosure on CO2 emissions, necessitating a shift towards low-carbon metrics [19][53] Cost-Effectiveness and Economic Benefits - Using low-carbon materials can reduce emissions with minimal cost increases, with an example showing an increase of only 8 RMB/square meter while achieving significant CO2 reductions [43][45] - The report indicates that while near-zero carbon materials may have higher initial costs, advancements in technology could limit these increases significantly by 2030 [43][44] Product Carbon Accounting and Certification - China's carbon footprint management for building materials is in its early stages, with a need for localized material databases and robust standards to enhance low-carbon practices [47][48] - The report highlights the importance of developing Product Category Rules (PCRs) to ensure consistency and comparability in low-carbon building materials [48][49] Implementation and Innovation - Priority areas for low-carbon material applications include infrastructure projects, public buildings, and rural housing, which can benefit from policy-driven low-carbon standards [59][60] - Financial incentives and performance-based standards are recommended to promote the adoption of low-carbon materials in public procurement [63][64]