World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia

This report by the Independent Evaluation Group (IEG) summarizes the experiences of and draws lessons from the country program evaluations of four natural resource-rich countries: the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia...

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Main Author:	Independent Evaluation Group
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	EMPLOYMENT SAVINGS RATIO CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK ECONOMIC GROWTH ACCOUNTING DEPOSITS URBANIZATION ENVIRONMENTAL DEGRADATION URBAN SERVICES FINANCIAL MANAGEMENT FISCAL DEFICITS INTEREST LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT BALANCE OF PAYMENTS LOCAL GOVERNMENTS STRATEGIES FINANCIAL RESOURCES SERVICES PUBLIC SERVICES HOUSING POLITICAL ECONOMY REVENUES FISCAL POLICY CAPITAL ADEQUACY BUDGET CONSTRAINTS PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAVING INFLATION AUDITS MUNICIPALITIES SAFETY NETS BUDGET MACROECONOMIC STABILITY PUBLIC POLICY EXPLOITATION OIL PRICES SAVINGS TECHNICAL ASSISTANCE LABOR COSTS OIL EFFECTIVE GOVERNANCE TRANSPORT RESOURCE MOBILIZATION PRODUCTIVITY MIGRATION TRANSFERS FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS FINANCIAL CRISES DEFICITS CAPITAL REQUIREMENTS LEGISLATION PUBLIC FINANCE BUDGET DEFICITS LABOR LOANS ENTERPRISES NATURAL RESOURCES SUBSIDIES REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES BANKING SECTOR BANKS RESOURCES EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES WAGES SOCIAL SERVICES FINANCIAL STABILITY VALUE PENSIONS BANK CREDIT DEMAND CPI EQUITY INVESTMENTS MANAGEMENT INFORMATION SYSTEMS INCOME DISTRIBUTION PUBLIC EXPENDITURES CAPITALIZATION FINANCIAL PERFORMANCE ENVIRONMENTS PROPERTY MANDATES FISCAL YEAR ENVIRONMENT MONETARY POLICIES URBAN DEVELOPMENT PUBLIC DEBT SUBSIDIARY RISK FACTORS CREDIT RISK GOVERNANCE RENT CONTROL INSURANCE TAXATION MICROFINANCE LAND ACCOUNTING STANDARDS RISK COMMERCIAL BANKS FISCAL REFORM URBAN ECONOMY FINANCIAL MARKETS TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE LENDING BANKING SUPERVISION ENTREPRENEURSHIP ENVIRONMENTAL GOVERNMENTS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING DEBT RELIEF CONSOLIDATION
Online Access:	http://documents.worldbank.org/curated/en/2015/12/25002935/world-bank-group-engagement-resource-rich-developing-countries-cases-plurinational-state-bolivia-kazakhstan-mongolia-zambia http://hdl.handle.net/10986/23582

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spelling	okr-10986-235822021-06-14T10:20:44Z World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia Independent Evaluation Group EMPLOYMENT SAVINGS RATIO CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK ECONOMIC GROWTH ACCOUNTING DEPOSITS URBANIZATION ENVIRONMENTAL DEGRADATION URBAN SERVICES FINANCIAL MANAGEMENT FISCAL DEFICITS INTEREST LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT BALANCE OF PAYMENTS LOCAL GOVERNMENTS STRATEGIES FINANCIAL RESOURCES SERVICES PUBLIC SERVICES HOUSING POLITICAL ECONOMY REVENUES FISCAL POLICY CAPITAL ADEQUACY BUDGET CONSTRAINTS PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAVING INFLATION AUDITS MUNICIPALITIES SAFETY NETS BUDGET MACROECONOMIC STABILITY PUBLIC POLICY EXPLOITATION OIL PRICES SAVINGS TECHNICAL ASSISTANCE LABOR COSTS OIL EFFECTIVE GOVERNANCE TRANSPORT RESOURCE MOBILIZATION PRODUCTIVITY MIGRATION TRANSFERS FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS FINANCIAL CRISES DEFICITS CAPITAL REQUIREMENTS LEGISLATION PUBLIC FINANCE BUDGET DEFICITS LABOR LOANS ENTERPRISES NATURAL RESOURCES SUBSIDIES REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES BANKING SECTOR BANKS RESOURCES EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES WAGES SOCIAL SERVICES FINANCIAL STABILITY VALUE PENSIONS BANK CREDIT DEMAND CPI EQUITY INVESTMENTS MANAGEMENT INFORMATION SYSTEMS INCOME DISTRIBUTION PUBLIC EXPENDITURES CAPITALIZATION FINANCIAL PERFORMANCE ENVIRONMENTS PROPERTY MANDATES FISCAL YEAR ENVIRONMENT MONETARY POLICIES URBAN DEVELOPMENT PUBLIC DEBT SUBSIDIARY RISK FACTORS CREDIT RISK GOVERNANCE RENT CONTROL INSURANCE TAXATION MICROFINANCE LAND ACCOUNTING STANDARDS RISK COMMERCIAL BANKS FISCAL REFORM URBAN ECONOMY FINANCIAL MARKETS TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE LENDING BANKING SUPERVISION ENTREPRENEURSHIP ENVIRONMENTAL GOVERNMENTS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING DEBT RELIEF CONSOLIDATION This report by the Independent Evaluation Group (IEG) summarizes the experiences of and draws lessons from the country program evaluations of four natural resource-rich countries: the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia. It concludes that although the challenges identified in these countries are not unique, they manifest themselves with particular intensity in three closely interrelated areas that need to be defined and structured as a coherent strategy: (i) management of revenues from an exhaustible resource; (ii) growth and employment in the non-extractive sectors, and (iii) inclusive growth and reduction of poverty. Overall, looking at the four resource-rich countries in this evaluation, one does not see the World Bank Group as having a consistent framework for engagement, driven by the defining characteristics of these countries—their rich endowment with non-renewable natural resources and dependence on revenues from their exploitation. Each of the four stories evolved in a unique way that depended on how the country teams decided to react to differing country circumstances. The main challenge for the Bank Group in these countries today is how to stay relevant and competitive, as its value proposition is no longer its financial resources, but its knowledge and global experience, which may call for a more modest scope of interventions while keeping the focus on key challenges. 2016-01-07T16:43:09Z 2016-01-07T16:43:09Z 2015 Report http://documents.worldbank.org/curated/en/2015/12/25002935/world-bank-group-engagement-resource-rich-developing-countries-cases-plurinational-state-bolivia-kazakhstan-mongolia-zambia http://hdl.handle.net/10986/23582 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Africa East Asia and Pacific Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	EMPLOYMENT SAVINGS RATIO CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK ECONOMIC GROWTH ACCOUNTING DEPOSITS URBANIZATION ENVIRONMENTAL DEGRADATION URBAN SERVICES FINANCIAL MANAGEMENT FISCAL DEFICITS INTEREST LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT BALANCE OF PAYMENTS LOCAL GOVERNMENTS STRATEGIES FINANCIAL RESOURCES SERVICES PUBLIC SERVICES HOUSING POLITICAL ECONOMY REVENUES FISCAL POLICY CAPITAL ADEQUACY BUDGET CONSTRAINTS PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAVING INFLATION AUDITS MUNICIPALITIES SAFETY NETS BUDGET MACROECONOMIC STABILITY PUBLIC POLICY EXPLOITATION OIL PRICES SAVINGS TECHNICAL ASSISTANCE LABOR COSTS OIL EFFECTIVE GOVERNANCE TRANSPORT RESOURCE MOBILIZATION PRODUCTIVITY MIGRATION TRANSFERS FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS FINANCIAL CRISES DEFICITS CAPITAL REQUIREMENTS LEGISLATION PUBLIC FINANCE BUDGET DEFICITS LABOR LOANS ENTERPRISES NATURAL RESOURCES SUBSIDIES REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES BANKING SECTOR BANKS RESOURCES EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES WAGES SOCIAL SERVICES FINANCIAL STABILITY VALUE PENSIONS BANK CREDIT DEMAND CPI EQUITY INVESTMENTS MANAGEMENT INFORMATION SYSTEMS INCOME DISTRIBUTION PUBLIC EXPENDITURES CAPITALIZATION FINANCIAL PERFORMANCE ENVIRONMENTS PROPERTY MANDATES FISCAL YEAR ENVIRONMENT MONETARY POLICIES URBAN DEVELOPMENT PUBLIC DEBT SUBSIDIARY RISK FACTORS CREDIT RISK GOVERNANCE RENT CONTROL INSURANCE TAXATION MICROFINANCE LAND ACCOUNTING STANDARDS RISK COMMERCIAL BANKS FISCAL REFORM URBAN ECONOMY FINANCIAL MARKETS TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE LENDING BANKING SUPERVISION ENTREPRENEURSHIP ENVIRONMENTAL GOVERNMENTS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING DEBT RELIEF CONSOLIDATION
spellingShingle	EMPLOYMENT SAVINGS RATIO CAPITAL MARKETS FINANCIAL SERVICES REGULATORY FRAMEWORK ECONOMIC GROWTH ACCOUNTING DEPOSITS URBANIZATION ENVIRONMENTAL DEGRADATION URBAN SERVICES FINANCIAL MANAGEMENT FISCAL DEFICITS INTEREST LAWS GUARANTEES PRIVATIZATION INDUSTRY RESOURCE MANAGEMENT BALANCE OF PAYMENTS LOCAL GOVERNMENTS STRATEGIES FINANCIAL RESOURCES SERVICES PUBLIC SERVICES HOUSING POLITICAL ECONOMY REVENUES FISCAL POLICY CAPITAL ADEQUACY BUDGET CONSTRAINTS PRICING PROJECTS SUSTAINABLE DEVELOPMENT SAVING INFLATION AUDITS MUNICIPALITIES SAFETY NETS BUDGET MACROECONOMIC STABILITY PUBLIC POLICY EXPLOITATION OIL PRICES SAVINGS TECHNICAL ASSISTANCE LABOR COSTS OIL EFFECTIVE GOVERNANCE TRANSPORT RESOURCE MOBILIZATION PRODUCTIVITY MIGRATION TRANSFERS FINANCIAL INSTITUTIONS CRITERIA DEBT MARKETS FINANCIAL CRISES DEFICITS CAPITAL REQUIREMENTS LEGISLATION PUBLIC FINANCE BUDGET DEFICITS LABOR LOANS ENTERPRISES NATURAL RESOURCES SUBSIDIES REAL SECTOR LEGAL FRAMEWORK FINANCE GRANTS INFRASTRUCTURE TAXES BANKING SECTOR BANKS RESOURCES EQUITY SOCIAL SAFETY NETS ACCOUNTABILITY INTERNATIONAL RESERVES WAGES SOCIAL SERVICES FINANCIAL STABILITY VALUE PENSIONS BANK CREDIT DEMAND CPI EQUITY INVESTMENTS MANAGEMENT INFORMATION SYSTEMS INCOME DISTRIBUTION PUBLIC EXPENDITURES CAPITALIZATION FINANCIAL PERFORMANCE ENVIRONMENTS PROPERTY MANDATES FISCAL YEAR ENVIRONMENT MONETARY POLICIES URBAN DEVELOPMENT PUBLIC DEBT SUBSIDIARY RISK FACTORS CREDIT RISK GOVERNANCE RENT CONTROL INSURANCE TAXATION MICROFINANCE LAND ACCOUNTING STANDARDS RISK COMMERCIAL BANKS FISCAL REFORM URBAN ECONOMY FINANCIAL MARKETS TAX ADMINISTRATION DECENTRALIZATION INSTITUTIONAL DEVELOPMENT REVENUE LENDING BANKING SUPERVISION ENTREPRENEURSHIP ENVIRONMENTAL GOVERNMENTS HEALTH SERVICES PRICES NONPERFORMING LOANS AUDITING DEBT RELIEF CONSOLIDATION Independent Evaluation Group World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia
geographic_facet	Africa East Asia and Pacific Europe and Central Asia
description	This report by the Independent Evaluation Group (IEG) summarizes the experiences of and draws lessons from the country program evaluations of four natural resource-rich countries: the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia. It concludes that although the challenges identified in these countries are not unique, they manifest themselves with particular intensity in three closely interrelated areas that need to be defined and structured as a coherent strategy: (i) management of revenues from an exhaustible resource; (ii) growth and employment in the non-extractive sectors, and (iii) inclusive growth and reduction of poverty. Overall, looking at the four resource-rich countries in this evaluation, one does not see the World Bank Group as having a consistent framework for engagement, driven by the defining characteristics of these countries—their rich endowment with non-renewable natural resources and dependence on revenues from their exploitation. Each of the four stories evolved in a unique way that depended on how the country teams decided to react to differing country circumstances. The main challenge for the Bank Group in these countries today is how to stay relevant and competitive, as its value proposition is no longer its financial resources, but its knowledge and global experience, which may call for a more modest scope of interventions while keeping the focus on key challenges.
format	Report
author	Independent Evaluation Group
author_facet	Independent Evaluation Group
author_sort	Independent Evaluation Group
title	World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia
title_short	World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia
title_full	World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia
title_fullStr	World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia
title_full_unstemmed	World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia
title_sort	world bank group engagement in resource-rich developing countries : the cases of the plurinational state of bolivia, kazakhstan, mongolia, and zambia
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2015/12/25002935/world-bank-group-engagement-resource-rich-developing-countries-cases-plurinational-state-bolivia-kazakhstan-mongolia-zambia http://hdl.handle.net/10986/23582
_version_	1764454193674846208

World Bank Group Engagement in Resource-Rich Developing Countries : The Cases of the Plurinational State of Bolivia, Kazakhstan, Mongolia, and Zambia

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