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Based on the World Bank’s own extensive global experience and drawing upon international expertise from leading specialists and practitioners, this report presents a comparative assessment of various approaches that have been applied around the world, with varying degrees of success, to mitigate resource risks and catalyze investments in developing the geothermal sector. It provides a framework that can help decision makers identify suitable approaches that are commensurate with development goals, funding capacity, implementation capabilities, and other circumstances specific to the context in a given country. Geothermal presents an opportunity for many countries to diversify their power generation mix in a sustainable way since it is an environmentally friendly, clean energy source that can reliably produce baseload power on a 24 by 7 basis. Despite over 100 years of development and an estimated global potential of 70 - 80 gigawatts (GW), only about 15 percent of the known geothermal reserves are presently exploited and producing electricity. While there are many reasons, in various countries, for the slow pace of geothermal development, one widely recognized and unique obstacle that is applicable worldwide is the high resource risk during the early stages of the geothermal development process. As a result, it is difficult to mobilize the early-stage investments, especially through the private sector.

The steep decline in the world oil price in the last quarter of 2014 slashed fuel price subsidies. Several governments responded by announcing that they would remove subsidies for one or more fuels and move to market-based pricing with full cost recovery. Other governments took advantage of low world prices to increase taxes and other charges on fuels. However, the decision to move to cost recovery and market prices, ending budgetary support, has not been implemented consistently across countries. Policy announcements have varied in the way they were communicated and the level of detail provided. When petroleum product prices bounced back during the first half of 2015, some reforming governments failed to raise prices correspondingly. Recent experience suggests that regular and frequent price adjustments, however small—as in Jordan and Morocco—help the government and consumers to get accustomed to fluctuations in world fuel prices and exchange rates. By contrast, freezing prices, even for a few months—for socioeconomic considerations or because the needed adjustments are small enough to be absorbed—increases the risk of reversion to ad hoc pricing and price subsidies. The more formally the decision to move to market-based pricing is communicated, the more public new price announcements, and the higher the frequency of price changes, the more likely the implementation of the announced pricing policy reform will be sustained.

Once concentrated among a few large economies, global flows of goods, services, and capital now reach an ever larger number of economies worldwide. Global trade in goods and services increased 10 times between 1980 and 2011, while FDI flows increased almost 30-fold. The sales from foreign-owned firms amount to $26 trillion. As many as 3,000 bilateral investment treaties have been signed to create the framework of deep agreements needed not only to facilitate the global movement of final goods and services but also to internationalize entire processes of production. All these flows have grown over time, creating increasingly dense and complex networks. This note is intended provide an overview of SACU countries’ participation and performance in GVCs, drawing on several data sources and indicators, and most importantly the recently released 189-country Eora multi-region-input-output (MRIO) database (Lenzen et al. 2012, 2013). Following this introduction, the note is structured in five additional sections. Section two discusses in greater detail the scope of the report, including the data sources and methodological approaches, as well as their respective limitations. Section three looks at structural integration in trade, including the degree to which SACU countries import and export intermediates. Section four analyzes trends in value-added exports as a first step in exploring GVC participation. Section five hones in on the core measures of GVC participation and a brief analysis of SACU countries’ position in GVCs. Finally, section six concludes by bringing together the main findings from the analysis.

The Republic of Belarus relies heavily on natural gas imports to meet domestic energy demand. Energy efficiency (EE) investments can significantly reduce budget outlays in the long-term while also improving the physical assets and quality of energy services. Investments in thermal retrofits of public and residential buildings can result in substantial economic benefits. Recognizing the substantial energy savings potential in the buildings sector, the Government of the Republic of Belarus (GoB) has introduced policies and programs to promote the development of more energy efficient buildings, and the retrofitting of old buildings. The integrated program for design, construction, and renovation of energy-efficient housing in the Republic of Belarus for 2009-2010 and until 2020 sets a national target to reduce specific heat consumption in existing residential buildings by 60 kWh per

This document details the scope and the main elements of the Country Partnership Framework (CPF) with the Republic of Botswana for FY16-20. The previous Country Partnership Strategy (CPS), considered by the Board on May 21, 2009 and completed in 2013 has built a solid foundation to design the new World Bank Group (WBG) program. The CPF supports the government’s ongoing National Development Plan (NDP10) that has recently been extended until 2017. It also reviews the new NDP11 now under preparation. The Systematic Country Diagnostic (SCD) was completed after Botswana’s General Elections in October 2014. The SCD drew on all available research and benefited greatly from the series of stakeholder consultations conducted in the country between March and September, 2014. The report was well received by the national authorities and sent for information to the Board on March 31, 2015. The SCD identified the following priority development challenges: (a) despite rapidly declining poverty, low job creation keeps inequality extremely high; (b) with the weakening of traditional growth drivers, a new growth model is needed that is jobs-intensive, export-oriented, and private sector-driven; (c) despite broad and well-intentioned investment, inclusion barriers remain; (d) sustainability is threatened as resource vulnerability challenges long-term growth and inclusion.

With most of the global population and capital goods concentrated in urban areas, cities are key to social development and economic prosperity. They are drivers of national economic growth and innovation, and act as cultural and creative centers. Many development partners and other organizations are active on the topic of resilience in cities, and there has been a recent upswing in the development and promotion of innovate programs, tools, and initiatives. Arup International and the Rockefeller Foundation have developed the city resilience framework, which provides a lens through which the complexity of cities and the numerous factors that contribute to a city’s resilience can be understood. The framework is being used to facilitate agenda-setting sessions in cities selected to participate in the 100 resilient cities challenge. Within this global context, the city strength diagnostic was developed to help World Bank staff apply this new holistic approach to urban resilience to operations. It was designed to help facilitate a dialogue among stakeholders (for example, government, civil society, residents, and the private sector) about risks, resilience, and the performance of urban systems. The city strength diagnostic results in the identification of priority actions and investments that will enhance the city’s resilience as well as increase the resilience building potential of planned or aspirational projects. It stresses a holistic and integrated approach that encourages cross-sectoral collaborations to more efficiently tackle existing issues and to unlock opportunities within the city.

The Government of Benin has requested an update of the 2005 Diagnostic Trade Integration Study and has asked the World Bank to take the leading role in this exercise. The update’s objectives are to (a) take stock of progress in the mainstreaming of trade in the government’s national development strategy and of implementation of the Action Matrix recommendations; (b) complement and deepen the analysis in selected areas; and (c) revise and update the Action Matrix to take account of the evolving context since 2006. The aim of the analysis is to assist the Government of Benin in defining an overall competitiveness strategy for inclusive, job-creating export-led growth in accordance with the key priorities identified in the 2013 Plan Stratégique de Développement du Commerce (PSDC), and to further mainstream trade into the general policy orientation defined by Benin’s key policy documents, including the Growth and Poverty Reduction Strategy Paper (GPRSP) update. The DTIS Update (DTISU) offers a diagnosis, analytical framework and action plan, giving trade expansion a key role in the reduction of poverty and vulnerability. As mandated by the Paris Principles, the DTISU’s approach is strongly aligned with the MICPME’s PSDC (Trade Development Strategy Plan, henceforth TDSP) and draws also from the diagnosis in the Government of Benin’s recent poverty assessment (INSAE 2014) as well as the 2011 update of the GPRSP. It emphasizes the linkages between poverty, jobs, and trade with two key objectives: (i) reducing poverty through trade-led growth, and (ii) reducing vulnerability.

This report identifies the most viable heating options and related investment measures to meet heating demand in urban residential and public buildings in Tajikistan. The report provides an overview of the condition and performance of the urban heating sector and building stock, and assesses, in detail, the situation in Dushanbe and Khujand. The report gives introduction in section one. Section two gives an overview of the physical, institutional, and regulatory characteristics of the urban heating sector in Tajikistan and includes an analysis of the urban building stock. Sections three and four describe the heat supply and demand characteristics of Dushanbe and Khujand and estimate the unmet heating demand in these cities. Section five evaluates the available supply and demand side heating options and investment measures that can be implemented to improve the heating sectors in the target cities. Section six recommends priority investment measures for each building type, identifies related policy actions to facilitate implementation of the recommended investments, highlights key implementation issues, and describes the next steps necessary to implement them.

The Africa Infrastructure Country Diagnostic (AICD) has gathered and analyzed extensive data on infrastructure in more than 40 Sub-Saharan countries, including Angola. The results have been presented in reports covering different areas of infrastructure-information and communication technology (ICT), irrigation, power, transport, water and sanitation-and different policy areas, including investment needs, fiscal costs, and sector performance. This report presents the key AICD findings for Angola, allowing the country's infrastructure situation to be benchmarked against that of its African peers. Given that Angola is a low-income resource-rich country, two sets of African benchmarks will be used to evaluate Angola's situation: fragile low-income countries and resource-rich countries. Detailed comparisons will also be made with immediate regional neighbors in the Southern African Development Community (SADC). Several methodological issues should be borne in mind. First, because of the cross-country nature of data collection, a time lag is inevitable. The period covered by the AICD for Angola runs from 2005 to 2009. But financial data for comparator countries typically cover an earlier period, 2001-06, and are averaged to smooth out fluctuations, while technical data are reported for 2006. In recent years, Angola's economy has been among the fastest growing in Africa. Looking ahead, the country's gross development product (GDP) is projected to rise by 6.5 percent in 2011, with oil-sector growth of 3.8 percent and nonoil- sector growth of 8.1 percent (IMF 2011). A 27-year war that ended in 2002 ravaged the country and destroyed most of its economic infrastructure. Many roads, rails, and bridges were mined and obliterated; surviving infrastructure is dilapidated after years of neglect.