scholarly journals Arbitration Award of ICSID on the Investment Disputes of Churchill Mining PLC v. Republic of Indonesia

2017 ◽  
Vol 3 (1) ◽  
pp. 14
Author(s):  
Yordan Gunawan
Keyword(s):  
Coal Mining ◽  
World Bank ◽  
Bilateral Investment Treaties ◽  
Public Attention ◽  
The Public ◽  
The World Bank ◽  
The World ◽  
The Republic ◽  
The Government ◽  
The Uk

The research is aimed at analyzing the ICSID (International Centre Settlement Investment Dispute) decision in solving a dispute between Churchill Mining PLC and the Government of the Republic of Indonesia. The case brought to the public attention, because mining license owned by PT. Ridlatama which acquired from Churchill Mining PLC had been revocated. Churchill Mining PLC holds 75% share of PT. Ridlatama and it suffered losses caused by the revocation of its mining license. Churchill Mining PLC filed the case to the local court but it failed. Churchill Mining PLC then sought ruling from International arbitration or ICSID. On December 6, 2016, ICSID issued a decision that clearly threw out Churchill Mining PLC claim. ICSID, the World Bank court, ordered the firm to pay a total of US$.9.446.528 in cost to the Government of the Republic of Indonesia. It is based on the evidences that the UK-Australia company did the fraud and had document forgery of coal mining permit in East Kutai, Indonesia. So the firm has violated the Bilateral Investment Treaties between Indonesia-UK and Indonesia-Australia.

scholarly journals Issues related to the assistance provided by the World Bank as a modernization partner of the Republic of Moldova

2021 ◽  
pp. 7-18
Author(s):  
Victor Juc ◽  
◽  
Iuliana Stratan ◽  
Keyword(s):  
World Bank ◽  
Technical Assistance ◽  
Political Support ◽  
Republic Of Moldova ◽  
The World Bank ◽  
The World ◽  
External Assistance ◽  
The Republic ◽  
The Government ◽  
Modernization Process

This paper addresses the main issues of World Bank fifi nancing and development assistance in the modernization process of the Republic of Moldova. Investigations show that the country’s political decision-makers are dependent on the World Bank’s advice and sources of technical assistance. At the same time, the allocation of external assistance can work, depending on the country’s policies. This article illustrates how political instability, inconsistency and political support in the implementation of initiated reforms, the interruption of technical assistance from the Government had detrimental consequences on the development objectives proposed by the World Bank during the implementation of the Country Partnership Framework.

scholarly journals The Hidden Hand of Neoliberal Global Institutions: The World Bank and the Reshaping of Botswana Public Sector

2013 ◽  
Vol 2 (2) ◽  
pp. 89
Author(s):  
M. N. S. Marobela ◽  
Rudolph. L. Boy
Keyword(s):  
Public Sector ◽  
Performance Management ◽  
World Bank ◽  
Public Service ◽  
International Institutions ◽  
Free Market ◽  
The Public ◽  
The World Bank ◽  
The World ◽  
The Government

This paper examines how powerful international institutions work to influence the reforms trajectory in the developing countries. A key dynamic that brings them to Botswana is the neoliberal agenda of the World Bank, which has been increasingly creeping into the public sector in many countries. For Botswana, this comes not as a surprise as the government is renowned for its strong conviction in the free market as a vehicle for development and prosperity. However, what is surprising is the idea being peddled by government bureaucrats that these changes are mainly initiated from within. It is argued that the involvement of networks of international organisations in Botswana’s reforms dispels this myth. The paper demonstrates how earlier concerns raised by the World Bank, of low productivity in Botswana became materialised with the assistance of a number of consultants from international institutions, who provided varied support to the government of Botswana. For example such assistance came in form of financial, intellectual, and training of government officers. It is from the role played by these international institutions that the national structures and mechanisms have changed the public service. This has eventually led to neoliberal reforms in the form of Performance Management System being the accepted dogma for improving productivity in the Botswana public service. 

Society and Market in the Era of Globalization

2005 ◽  
Vol 4 (3) ◽  
pp. 305-355
Author(s):  
Dušan Pokorný
Keyword(s):  
World Bank ◽  
Economic Institutions ◽  
The Public ◽  
The World Bank ◽  
The World ◽  
Many Sources ◽  
The Imf

AbstractThis chapter considers the meaning of the terms "society" and "market," and the need for markets to be institutionalized and legitimated. Obligatory norms and recommendatory guidelines today come from many sources: from states, from groupings of states, and from worldwide bodies such as the IMF, the WTO, and the World Bank. But when markets create profound inequalities both within and between societies, how do we determine what limits ought to be placed on markets? Since economic institutions are inseparable from culture, this is the "site" where the public will have to decide what is "society," what is the "market," and what will be the relation between them.

The ‘Pillared-Privatisation’ of Pension Provision in the European Union: The Case of the United Kingdom

2002 ◽  
Vol 4 (1) ◽  
pp. 5-24 ◽  
Author(s):  
Patrick Ring ◽  
Roddy McKinnon
Keyword(s):  
European Union ◽  
World Bank ◽  
The European Union ◽  
Means Testing ◽  
The Road ◽  
The United Kingdom ◽  
The World Bank ◽  
The Government ◽  
The Uk ◽  
National Governments

Across the European Union, national governments are re-assessing the institutional mechanisms through which pension provision is delivered. This articles sets the debate within the wider context of the ‘pillared’ structural analysis often adopted by international institutions when discussing pensions reform. It then sets out a detailed discussion of developments in the UK, arguing that the UK is moving towards a model of reform akin to that promoted by the World Bank – referred to here as ‘pillared-privatisation’. The themes of this model indicate more means-testing, greater private provision, and a shift of the burden of risk from the government to individuals. An assessment is then made of the implications of UK developments for other EU countries. It is suggested that while there are strong reasons to think that other countries will not travel as far down the road of ‘pillared-privatisation’ as the UK, this should not be taken as a ‘given’.

scholarly journals Incorporating Blue Bonds as a funding alternative for a sustainable development project

2021 ◽  
Vol 10 (5) ◽  
pp. 129-134
Author(s):  
Fareis Althalet ◽  
Tira Siya Fajar Rahayu ◽  
Hera Hera ◽  
Ayu Fil Akhirati ◽  
Pingki Pingki ◽  
...  
Keyword(s):  
World Bank ◽  
Development Project ◽  
International Financial Institutions ◽  
International Media ◽  
Fisheries Governance ◽  
The World Bank ◽  
The World ◽  
Good Reputation ◽  
Water Pollution Management ◽  
The Government

This study aims to examine Blue Bonds as a guarantee issued by the issuer (government and companies) as alternative financing. Compared to ordinary bonds that are issued only to meet the issuer's funding needs, the transaction results in Blue Bonds will be used to support marine protection, fisheries governance, waste and water pollution management, and the restoration of marine ecosystems. In this study, the author uses the method literature review sourced from journals, books, reports from related ministries, international financial institutions such as the World Bank, and news from national and international media. The results of this study indicate that by issuing Blue Bonds, the government and companies will get more funds from bond investors. Investors will receive a return in the form of a coupon (fixed interest rate) from the issuer and pay according to schedule and the initial principal investment. Not only that, the government and companies will get a good reputation among investors and actively contribute to Indonesia's maritime development.

Organizing Collaboration

2020 ◽  
pp. 22-42
Author(s):  
Constantine Michalopoulos
Keyword(s):  
The Netherlands ◽  
World Bank ◽  
Development Cooperation ◽  
The Political ◽  
Global Poverty ◽  
Poor Countries ◽  
Political Situation ◽  
The World Bank ◽  
The World ◽  
The Uk

The story of Eveline Herfkens, Hilde F. Johnson, Clare Short and Heidemarie Wieczorek-Zeul, all of whom, with different titles became ministers in charge of development cooperation in the Netherlands, Norway, the UK, and Germany in 1997–8, and what they did together to bridge the gap between rhetoric and reality in the war against global poverty, starts with a short discussion of their background. This is followed by a discussion of the political situation and the different government arrangements that determined development policy in their countries at the time. The last part of the chapter reviews the beginnings of their collaboration which focused on ensuring that the debt relief provided to highly indebted poor countries (HIPCs) in programmes supported by the World Bank and the IMF resulted in actually lifting people out of poverty.

scholarly journals Biased Policy Professionals

2019 ◽  
Vol 33 (2) ◽  
pp. 310-327 ◽  
Author(s):  
Sheheryar Banuri ◽  
Stefan Dercon ◽  
Varun Gauri
Keyword(s):  
Decision Making ◽  
International Development ◽  
World Bank ◽  
Development Policy ◽  
Public Servants ◽  
Private Capacity ◽  
The World Bank ◽  
Subject Pool ◽  
The World ◽  
The Uk

Abstract Although the decisions of policy professionals are often more consequential than those of individuals in their private capacity, there is a dearth of studies on the biases of policy professionals: those who prepare and implement policy on behalf of elected politicians. Experiments conducted on a novel subject pool of development policy professionals (public servants of the World Bank and the Department for International Development in the UK) show that policy professionals are indeed subject to decision-making traps, including the effects of framing outcomes as losses or gains, and, most strikingly, confirmation bias driven by ideological predisposition, despite having an explicit mission to promote evidence-informed and impartial decision making. These findings should worry policy professionals and their principals in governments and large organizations, as well as citizens themselves. A further experiment, in which policy professionals engage in discussion, shows that deliberation may be able to mitigate the effects of some of these biases.

Economic gloom portends instability in Zimbabwe

2016 ◽  
Keyword(s):  
South African ◽  
World Bank ◽  
Driving Force ◽  
Security Forces ◽  
Content Type ◽  
Regional Market ◽  
The World Bank ◽  
The World ◽  
The Government ◽  
South African Rand

Significance Mawarire is the founder of the 'This Flag' movement, which has been a driving force behind a wave of demonstrations and strikes earlier this month against graft, unemployment and economic mismanagement by President Robert Mugabe's government. Impacts Import bans will adversely affect South African exporters, for whom Zimbabwe is a key regional market. Use of the South African rand in Zimbabwe will remain unpopular, due to concerns about its weakness against the dollar. The government will prioritise cash for paying the salaries of the security forces, since these underpin the regime's survival. Loans from the African Export-Import Bank will help Harare to begin paying the World Bank some of its arrears.

scholarly journals Demographic determinant of primary school repeater in Indonesia

2021 ◽  
Vol 244 ◽  
pp. 11023
Author(s):  
Omas Bulan Samosir
Keyword(s):  
Growth Rate ◽  
Population Growth ◽  
General Education ◽  
Primary School ◽  
World Bank ◽  
Population Growth Rate ◽  
Infrastructure Development ◽  
The World Bank ◽  
The World ◽  
The Government

The development of a country is supported by its education development. In general, education is financed by the government. It is expected that all school-age population can participate in education. Indonesia has implemented the nine-year compulsory basic education program. The aim of this study is to examine the demographic factors that affect the primary school repeater in Indonesia. The data source was from the World Bank Development Indicator of the World Bank. The data coverage was from 1971 to 2018. The dependent variable was the primary school repeater rate. The independent variables were the population growth rate and fixed telephone subscription. The data were analyzed using multiple regression analysis. The results of the study indicate that higher primary school repeater was associated with higher population growth rate and lower fixed telephone subscription. Therefore, Indonesia needs to manage its population growth rate and improve infrastructure development, in particular information technology infrastructure.

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