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 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 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.

The World Bank and Educational Assistance

2017 ◽  
Author(s):  
D. Brent Edwards ◽  
Inga Storen
Keyword(s):  
Education Reform ◽  
World Bank ◽  
Low Income ◽  
Technical Assistance ◽  
International Political Economy ◽  
Low Income Countries ◽  
Educational Assistance ◽  
Country Level ◽  
The World Bank ◽  
The World

Since the 1950s, the World Bank’s involvement and influence in educational assistance has increased greatly. The World Bank has not only been a key player, but, at times, has been the dominant international organization working with low-income countries to reform their education systems. Given the contributions that education makes to country development, the World Bank works in the realm of education as part of its broad mission to reduce poverty and to increase prosperity. This work takes the form of financing, technical assistance and knowledge production (among others) and occurs at multiple levels, as the World Bank seeks to contribute to country development and to shape the global conversation around the purposes and preferred models of education reform, in addition to engaging in international processes and politics with other multi- and bilateral organizations. The present article examines the work of the World Bank in historical perspective in addition to discussing how the role of this institution has been theorized and research by scholars. Specifically, the first section provides an overview of this institution’s history with a focus on how the leadership, preferred policies, organizational structure, lending, and larger politics to which it responds have changed over time, since the 1940s. Second, the article addresses the ways that the World Bank is conceptualized and approached by scholars of World Culture Theory, international political economy, and international relations. The third section contains a review of research on (a) how the World Bank is involved in educational policy making at the country level, (b) the ways the World Bank engages with civil society and encourages its general participation in educational assistance, (c) what is known about the World Bank in relation to policy implementation, and (d) the production of research in and on the Bank.

Technical Assistance Evaluation Program - Findings of Evaluations and Updated Program

Policy Papers ◽  
2010 ◽  
Vol 2010 (62) ◽  
Author(s):  
Keyword(s):  
International Finance ◽  
World Bank ◽  
Technical Assistance ◽  
Economic Assessment ◽  
Asian Development Bank ◽  
Kyrgyz Republic ◽  
Development Bank ◽  
International Finance Corporation ◽  
The World Bank ◽  
The World

The Kyrgyz Republic -- Joint Economic Assessment: Reconciliation, Recovery and Reconstruction; Prepared by the Asian Development Bank, International Monetary Fund, and The World Bank; With the participation of Eurasian Development Bank, European Bank for Reconstruction and Development, European Commission, International Finance Corporation, and The United Nations

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.

scholarly journals How to be an Asian Tiger

1997 ◽  
Vol 2 (2) ◽  
pp. 87-108
Author(s):  
Anis Alam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developed Countries ◽  
Small Country ◽  
The World Bank ◽  
Asian Tiger ◽  
The World ◽  
The Republic ◽  
Industrialised Countries

In 1995 the Republic of Korea (ROK) was officially admitted to the Organisation for Economic Cooperation and Development (OECD). This organisation groups together industrially developed countries of the world. Recently, the World Bank has also released a study of China that predicts that China is going to become the second biggest economy in the next fifteen years if its economic growth follows the pattern of the last fifteen years. ROK is the only country from among the developing countries to join the ranks of the developed industrialised countries in the last thirty years. However, it is still a small country compared to China. Hence when China completes its transformation into an industrialised country the whole world will be affected.

Pandemic may undo Egypt poverty gains

2020 ◽  
Keyword(s):  
World Bank ◽  
Poverty Rate ◽  
Fiscal Sustainability ◽  
Vulnerable Groups ◽  
Safety Nets ◽  
Content Type ◽  
The World Bank ◽  
The World ◽  
Financial Safety Nets ◽  
The Government

Significance The figure has been presented by the government as a vindication of its efforts to achieve fiscal sustainability while providing financial safety nets for the most vulnerable groups in society. However, the poverty rate is still higher than in 2015, and the new index was compiled before the full impact of the coronavirus pandemic on the economy had become clear. Impacts The economic impact of the pandemic appears to have been relatively light, but this can be attributed partly to statistical anomalies. The poverty rate fall indicates to the IMF and the World Bank that their programmes will eventually pay off for most Egyptians. There is uncertainty about the extent of the return of Egyptians from the Gulf and the effect of this on poverty and unemployment.

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