Afghanistan 2010-2011 Complete Provincial Development Budget Allocations in English and Dari, June 2010.

This Joint Staff Advisory Note (JSAN) reviews Sierra Leone’s Second Poverty Reduction Strategy Paper (PRSP-H) covering the period 2009-2012, The PRSP-I1 examines achievements and lessons learned under the first PRSP, analyzes challenges and constraints in the economy, and lays out the strategic priorities for accelerating growth and reducing Poverty.

The main findings of the FSAP update are:

* Financial sector regulation and supervision are of a high standard, and processes and resourcing have been significantly enhanced since a 2003 assessment under the Offshore Financial Center (OFC) program. The Jersey Financial Services Commission (JFSC) operates with considerable independence as well as accountability, and has broadly adequate resources.
* The financial crisis has highlighted the vulnerability of Jersey’s banks to events in major financial centers. While Jersey supervisors cannot feasibly analyze in depth the soundness of the financial groups to which their Jersey operations provide extensive funding, it should be able to detect and react to intensified risks stemming from parent institutions.
* Jersey has experienced some effects from the global crisis, but financial soundness indicators (FSIs) for institutions licensed on the island have been satisfactory, and stress tests confirm that the system is resilient to a range of shocks. However, there is high concentration risk and spill-over risk from parent banks.
* The authorities are making contingency plans, a key element of which will be cooperation with home supervisors. Experience elsewhere suggests the usefulness of a dedicated bank insolvency regime.
* Possible introduction of a bank depositor compensation scheme would require careful study. In any case, all depositors must receive clear information on who is responsible for safeguarding their claims and the scheme’s coverage, if any.

A large external current account deficit, combined with a sharp decline in net capital inflows (due to global and domestic factors) could result in a balance of payments deficit of close to US$300 million in 2009 (11 percent of gross reserves at end-2008). On current policies, reserves could reach critically low levels by 2010–11. The growth slowdown also poses a threat to the financial system.

This Program Document proposes an Integration and Competitiveness Development Policy Loan (ICL) for Tunisia in the amount o f US$250 million. This ICL supports the key strategc elements o f Tunisia’s 1 I* National Development Plan (2007-1 1) which seeks to strengthen growth and ensure that this growth i s translated into employment. It is also a cornerstone of the World Bank’s program in Tunisia as outlined in the Country Assistance Strategy (FYO5-08) and the Country Assistance Strategy Progress Report (2007) that set out an indicative program for FY09-10.

In September 2008, nearly 2,000 people gathered in Accra, Ghana, for the Third High Level Forum on Aid Effectiveness (HLF). They represented a wide range o f development actors-low-income countries, middle-income countries, fragile states, donor countries, international aid organizations, global funds, civil society organizations, parliaments, media-but they were united by the goal o f improving the delivery and use o f development assistance. To move this agenda forward, they ended the HLF by endorsing the Accra Agenda for Action (AAA).

The present PRSP (or EBRP) of the Government of Bolivia represents a further step in a continuing effort by the government to reduce poverty through stable growth and policy actions targeted to the poor. The strategy places emphasis on reaching out to excluded groups, and increasing the effectiveness and efficiency of institutions in the public sector.

Bosnia and Herzegovina (BH) has made remarkable progress in post-conflict reconstruction, social integration and state building since the end of the 1992-95 war. The Dayton Peace Agreement, signed in 1995, established a complex governance structure comprising the Council of Ministers at the State-level government and two Entity Governments: the Federation of Bosnia and Herzegovina (the Federation) and Republika Srpska (the RS). An autonomous Brcko District was added to the structure in 1999.

This Country Partnership Strategy (CPS) for FY2009-12 marks Indonesia’s re-emergence as a confident middle-income country (MIC) that has graduated from IDA, and is enjoying a rising regional and global standing. With a Government that is demanding dependable and timely support for its own development priorities and its poverty-reduction agenda, this CPS positions the World Bank Group (WBG) to respond better to these challenges, thereby ensuring the WBG’s continued relevance in the new Indonesia.

This review covers both the FYO3-05 CAS (extended to FY06) and the FYO6-08 Interim Strategy Note (ISN), as does the CASCR, and refers to the two documents together as the FY03 CAS, unless otherwise specified. The FY03 CAS sought to assist land-locked Rwanda to overcome the legacy of civil war, genocide, and cross-border war which left it with a per capita income of only US$210 in 2002, compared to US$370 in 1990. Its objectives were: (a) revitalization of the rural economy; (b) private sector development and employment creation; and (c) human and social development.

The Tien Shan mountain range covers most of the Kyrgyz Republic, southern Kazakhstan, and smaller areas of Uzbekistan, China, and Tajikistan. This territory plays an exceptional role in conserving biodiversity and maintaining environmental sustainability in Central Asia. In 2004, Conservation International (CI) identified the Tien Shan range as a “biodiversity hotspot” based on the high numbers of endemic species and the significant level of threat—the concentration of species in Western Tien Shan is 63 times higher for birds and 37 times higher for mammals than the average for Central Asia.

The FY03-05 CAS and the FY06-07 ISN were aligned around Nicaragua’s first Poverty Reduction Strategy Paper (PRSP) which was later revised and renamed the National Development Plan in 2005. Although Nicaragua’s core objective to reduce extreme poverty was not achieved to the extent desirable, achievements were made across the program with considerable progress in promoting a stable macroeconomic environment, reducing the fiscal deficit significantly, and lowering external debt to sustainable levels by achieving the HIPC Completion Point and obtaining further debt reduction through the Multilateral Debt Relief Initiative (MDRI). Growth has been modest averaging around 3.2 percent per year since 2002, and exports have doubled. Though the Bank was instrumental in the increase of poverty spending from 9.6 percent of GDP in 2002 to 13.6 percent in 2006, greater expenditure has yet to translate into significant gains in poverty reduction.