Private Sector Participation in Light Rail-Light Metro Transit Initiatives
This book aims to help governments and public authorities to establish effective light rail-light metro transit (LRMT) systems, and focuses on use of Public-Private Participation (PPP) arrangements. Rather than identify a single approach, authors p...
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| Format: | Publication |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100219025419 http://hdl.handle.net/10986/2416 |
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okr-10986-2416 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING AIRPORTS ALTERNATIVE ROUTES ANNUAL PAYMENTS ASSET MANAGEMENT BALANCE SHEET BASIC COST BEST PRACTICES BID BORROWING BUDGET DEFICIT BUSINESS CYCLE CALCULATIONS CAPACITY BUILDING CAPITAL FLOWS CAPITAL INVESTMENTS CAPITAL MARKETS CARS CASH FLOW CHECKS COLLATERAL COMPETITIVE BIDDING CONGESTION CONTINGENT LIABILITIES CONTRACT LAW CONTRACT RENEGOTIATION CONTRACT RENEGOTIATIONS CONTRIBUTION CONTRIBUTIONS COST OF CAPITAL CREDIT ENHANCEMENT CREDIT RATING CREDIT RATINGS DEBT DEBT FINANCING DEBT REPAYMENT DEBT SERVICE DEBT SERVICING DEBT-SERVICE DEMAND FOR TRANSPORT DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOUBLE TAXATION DRIVERS DRIVING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EIB EMERGING MARKETS ENFORCEMENT OF CONTRACT EXPENDITURE EXPENDITURES FINANCIAL ANALYSIS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SUPPORT FINANCIAL TROUBLE FISCAL CONSTRAINTS FISCAL DISCIPLINE FISCAL POSITIONS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FREE ROADS GLOBAL BUSINESS GOVERNMENT BUDGET GOVERNMENT FINANCING GOVERNMENT POLICY GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGHWAY HIGHWAY NETWORK HIGHWAYS HOLDING INCOME INFLATION INFLATION RATE INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INTEREST RATE INTERNAL RATE OF RETURN INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL TRADE INTERNATIONAL TRADE LAW INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT PROGRAMS INVESTMENT PROJECTS LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTIONS LEGISLATION LEGISLATIVE FRAMEWORK LENDERS LEVY LIABILITY LLC LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MAJOR ASSET MARKET ECONOMY MATURE CAPITAL MARKETS MATURITIES MATURITY MINISTRIES OF FINANCE MONETARY FUND MOTORWAYS MUNICIPALITIES NATIONAL ECONOMIES PASSENGER TRANSPORT PERFORMANCE RISK POLITICAL UNCERTAINTY POOR CREDIT POOR CREDIT RATING POTENTIAL INVESTORS POVERTY ALLEVIATION PRESENT VALUE PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE PARTIES PRIVATE PARTY PRIVATE SECTOR INVESTMENT PRIVATE TRANSPORT PRODUCTIVITY PROFITABILITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SERVICE PROVISION PUBLIC SERVICES QUANTITATIVE ANALYSIS RAILROADS RAILWAY RAILWAY SECTOR RAILWAYS RAPID DEVELOPMENT RECESSION RECURRENT EXPENDITURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENEGOTIATION RENEGOTIATIONS RETURN ON EQUITY RETURN ON INVESTMENT RETURNS RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISK SHARING ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD PROJECTS ROAD SECTOR ROAD SYSTEM ROAD USE ROAD USERS ROADS SAFETY SAVINGS SHAREHOLDERS STAKEHOLDERS STATE PROPERTY SUBSIDIARY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOLL TOLL COLLECTION TOLL MOTORWAY TOLL MOTORWAYS TOLL ROAD TOLL ROADS TOLLS TOTAL ANNUAL INVESTMENT TOTAL COST TRAFFIC TRAFFIC DEMAND TRAFFIC LEVELS TRAFFIC RISK TRAFFIC VOLUMES TRAM TRANSACTION TRANSACTION COSTS TRANSIT TRANSITION COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SYSTEMS TREASURY TREATY VALUABLE VEHICLE VEHICLES WORTH |
| spellingShingle |
ACCOUNTING AIRPORTS ALTERNATIVE ROUTES ANNUAL PAYMENTS ASSET MANAGEMENT BALANCE SHEET BASIC COST BEST PRACTICES BID BORROWING BUDGET DEFICIT BUSINESS CYCLE CALCULATIONS CAPACITY BUILDING CAPITAL FLOWS CAPITAL INVESTMENTS CAPITAL MARKETS CARS CASH FLOW CHECKS COLLATERAL COMPETITIVE BIDDING CONGESTION CONTINGENT LIABILITIES CONTRACT LAW CONTRACT RENEGOTIATION CONTRACT RENEGOTIATIONS CONTRIBUTION CONTRIBUTIONS COST OF CAPITAL CREDIT ENHANCEMENT CREDIT RATING CREDIT RATINGS DEBT DEBT FINANCING DEBT REPAYMENT DEBT SERVICE DEBT SERVICING DEBT-SERVICE DEMAND FOR TRANSPORT DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOUBLE TAXATION DRIVERS DRIVING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EIB EMERGING MARKETS ENFORCEMENT OF CONTRACT EXPENDITURE EXPENDITURES FINANCIAL ANALYSIS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SUPPORT FINANCIAL TROUBLE FISCAL CONSTRAINTS FISCAL DISCIPLINE FISCAL POSITIONS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FREE ROADS GLOBAL BUSINESS GOVERNMENT BUDGET GOVERNMENT FINANCING GOVERNMENT POLICY GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGHWAY HIGHWAY NETWORK HIGHWAYS HOLDING INCOME INFLATION INFLATION RATE INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INTEREST RATE INTERNAL RATE OF RETURN INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL TRADE INTERNATIONAL TRADE LAW INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT PROGRAMS INVESTMENT PROJECTS LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTIONS LEGISLATION LEGISLATIVE FRAMEWORK LENDERS LEVY LIABILITY LLC LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MAJOR ASSET MARKET ECONOMY MATURE CAPITAL MARKETS MATURITIES MATURITY MINISTRIES OF FINANCE MONETARY FUND MOTORWAYS MUNICIPALITIES NATIONAL ECONOMIES PASSENGER TRANSPORT PERFORMANCE RISK POLITICAL UNCERTAINTY POOR CREDIT POOR CREDIT RATING POTENTIAL INVESTORS POVERTY ALLEVIATION PRESENT VALUE PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE PARTIES PRIVATE PARTY PRIVATE SECTOR INVESTMENT PRIVATE TRANSPORT PRODUCTIVITY PROFITABILITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SERVICE PROVISION PUBLIC SERVICES QUANTITATIVE ANALYSIS RAILROADS RAILWAY RAILWAY SECTOR RAILWAYS RAPID DEVELOPMENT RECESSION RECURRENT EXPENDITURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENEGOTIATION RENEGOTIATIONS RETURN ON EQUITY RETURN ON INVESTMENT RETURNS RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISK SHARING ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD PROJECTS ROAD SECTOR ROAD SYSTEM ROAD USE ROAD USERS ROADS SAFETY SAVINGS SHAREHOLDERS STAKEHOLDERS STATE PROPERTY SUBSIDIARY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOLL TOLL COLLECTION TOLL MOTORWAY TOLL MOTORWAYS TOLL ROAD TOLL ROADS TOLLS TOTAL ANNUAL INVESTMENT TOTAL COST TRAFFIC TRAFFIC DEMAND TRAFFIC LEVELS TRAFFIC RISK TRAFFIC VOLUMES TRAM TRANSACTION TRANSACTION COSTS TRANSIT TRANSITION COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SYSTEMS TREASURY TREATY VALUABLE VEHICLE VEHICLES WORTH Mandri-Perrott, Cledan Menzies, Iain Private Sector Participation in Light Rail-Light Metro Transit Initiatives |
| description |
This book aims to help governments and
public authorities to establish effective light rail-light
metro transit (LRMT) systems, and focuses on use of
Public-Private Participation (PPP) arrangements. Rather than
identify a single approach, authors present options and
discuss practical issues related to preparing and
implementing new LRMT PPP schemes. The approach is focused
on providing information that can be used to make informed
decisions, adapted to local policy and objectives. The
material presented is intended as a practical guide to
developing LRMT PPPs in both developed and developing
countries. This work endeavors to provide answers to
readers' questions regarding how to successfully
incorporate private sector participation in LRMT with a
lesser emphasis on why LRMT and the private sector may be
beneficial. The primary focus of this text is guiding the
reader from design through to project implementation. It
starts from the premise that underlying transport policy
decisions will have already been made and that LRMT has
already been identified as the appropriate transport
solution. The authors have included some limited discussion
of policy and technical issues where these directly impact
the LRMT PPP approach. The approach is presented in nine
sections, and in preparing it the author drew on current
international LRMT PPP experience, through a series of
interviews and case studies. The sections covered are: 1)
urban transport and LRMT: an overview of urban transport
policy, the characteristics of LRMT schemes and the
influences on LRMT policies; 2) technical issues: a brief
review of some key technical issues inherent in LRMT schemes
and their potential impact on PPP design and implementation;
3) incorporating private sector participation in LRMT
initiatives: what PPP has to offer, and an overview of the
issues and stages public authorities follow to establish
successful LRMT PPP arrangements; 4) understanding and
managing risk: analyzing and allocating risks and
responsibilities among stakeholders in the LRMT scheme and
practical ways of designing risk allocation rules; 5) PPP,
design, specifications and performance management: setting
service standards and specifications and establishing
associated costs; developing of performance and payment
indicators and managing compliance; 6) funding and finance:
large LRMT capital and system maintenance requirements
require strong financing arrangements. The practical use of
public and private financing mechanisms under PPP
arrangement is reviewed; 7) developing a PPP agreement:
looking at the main types of PPP agreements, an outline
framework for developing the contractual arrangement is
developed through re-view of key issues; 8) procurement:
reviewing the approaches that the public authority can use
to select the private partner; and 9) conclusions. |
| format |
Publications & Research :: Publication |
| author |
Mandri-Perrott, Cledan Menzies, Iain |
| author_facet |
Mandri-Perrott, Cledan Menzies, Iain |
| author_sort |
Mandri-Perrott, Cledan |
| title |
Private Sector Participation in
Light Rail-Light Metro Transit Initiatives |
| title_short |
Private Sector Participation in
Light Rail-Light Metro Transit Initiatives |
| title_full |
Private Sector Participation in
Light Rail-Light Metro Transit Initiatives |
| title_fullStr |
Private Sector Participation in
Light Rail-Light Metro Transit Initiatives |
| title_full_unstemmed |
Private Sector Participation in
Light Rail-Light Metro Transit Initiatives |
| title_sort |
private sector participation in
light rail-light metro transit initiatives |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100219025419 http://hdl.handle.net/10986/2416 |
| _version_ |
1764385416260091904 |
| spelling |
okr-10986-24162021-04-23T14:02:01Z Private Sector Participation in Light Rail-Light Metro Transit Initiatives Mandri-Perrott, Cledan Menzies, Iain ACCOUNTING AIRPORTS ALTERNATIVE ROUTES ANNUAL PAYMENTS ASSET MANAGEMENT BALANCE SHEET BASIC COST BEST PRACTICES BID BORROWING BUDGET DEFICIT BUSINESS CYCLE CALCULATIONS CAPACITY BUILDING CAPITAL FLOWS CAPITAL INVESTMENTS CAPITAL MARKETS CARS CASH FLOW CHECKS COLLATERAL COMPETITIVE BIDDING CONGESTION CONTINGENT LIABILITIES CONTRACT LAW CONTRACT RENEGOTIATION CONTRACT RENEGOTIATIONS CONTRIBUTION CONTRIBUTIONS COST OF CAPITAL CREDIT ENHANCEMENT CREDIT RATING CREDIT RATINGS DEBT DEBT FINANCING DEBT REPAYMENT DEBT SERVICE DEBT SERVICING DEBT-SERVICE DEMAND FOR TRANSPORT DEPRECIATION DEVELOPING COUNTRIES DEVELOPMENT BANK DIVERSIFICATION DOUBLE TAXATION DRIVERS DRIVING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMICS EIB EMERGING MARKETS ENFORCEMENT OF CONTRACT EXPENDITURE EXPENDITURES FINANCIAL ANALYSIS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL RESOURCES FINANCIAL SUPPORT FINANCIAL TROUBLE FISCAL CONSTRAINTS FISCAL DISCIPLINE FISCAL POSITIONS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FREE ROADS GLOBAL BUSINESS GOVERNMENT BUDGET GOVERNMENT FINANCING GOVERNMENT POLICY GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HIGHWAY HIGHWAY NETWORK HIGHWAYS HOLDING INCOME INFLATION INFLATION RATE INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECTS INSTITUTIONAL CAPACITY INSTRUMENT INTEREST RATE INTERNAL RATE OF RETURN INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL FINANCIAL INSTITUTION INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL TRADE INTERNATIONAL TRADE LAW INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT PROGRAMS INVESTMENT PROJECTS LANES LAWS LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTIONS LEGISLATION LEGISLATIVE FRAMEWORK LENDERS LEVY LIABILITY LLC LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MAJOR ASSET MARKET ECONOMY MATURE CAPITAL MARKETS MATURITIES MATURITY MINISTRIES OF FINANCE MONETARY FUND MOTORWAYS MUNICIPALITIES NATIONAL ECONOMIES PASSENGER TRANSPORT PERFORMANCE RISK POLITICAL UNCERTAINTY POOR CREDIT POOR CREDIT RATING POTENTIAL INVESTORS POVERTY ALLEVIATION PRESENT VALUE PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTORS PRIVATE PARTIES PRIVATE PARTY PRIVATE SECTOR INVESTMENT PRIVATE TRANSPORT PRODUCTIVITY PROFITABILITY PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC GOOD PUBLIC INVESTMENT PUBLIC SERVICE PROVISION PUBLIC SERVICES QUANTITATIVE ANALYSIS RAILROADS RAILWAY RAILWAY SECTOR RAILWAYS RAPID DEVELOPMENT RECESSION RECURRENT EXPENDITURE REGIONAL TRANSPORT REGULATORY FRAMEWORK RENEGOTIATION RENEGOTIATIONS RETURN ON EQUITY RETURN ON INVESTMENT RETURNS RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISK SHARING ROAD ROAD INFRASTRUCTURE ROAD NETWORK ROAD PROJECTS ROAD SECTOR ROAD SYSTEM ROAD USE ROAD USERS ROADS SAFETY SAVINGS SHAREHOLDERS STAKEHOLDERS STATE PROPERTY SUBSIDIARY TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOLL TOLL COLLECTION TOLL MOTORWAY TOLL MOTORWAYS TOLL ROAD TOLL ROADS TOLLS TOTAL ANNUAL INVESTMENT TOTAL COST TRAFFIC TRAFFIC DEMAND TRAFFIC LEVELS TRAFFIC RISK TRAFFIC VOLUMES TRAM TRANSACTION TRANSACTION COSTS TRANSIT TRANSITION COUNTRIES TRANSPARENCY TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT INVESTMENTS TRANSPORT NETWORK TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SYSTEMS TREASURY TREATY VALUABLE VEHICLE VEHICLES WORTH This book aims to help governments and public authorities to establish effective light rail-light metro transit (LRMT) systems, and focuses on use of Public-Private Participation (PPP) arrangements. Rather than identify a single approach, authors present options and discuss practical issues related to preparing and implementing new LRMT PPP schemes. The approach is focused on providing information that can be used to make informed decisions, adapted to local policy and objectives. The material presented is intended as a practical guide to developing LRMT PPPs in both developed and developing countries. This work endeavors to provide answers to readers' questions regarding how to successfully incorporate private sector participation in LRMT with a lesser emphasis on why LRMT and the private sector may be beneficial. The primary focus of this text is guiding the reader from design through to project implementation. It starts from the premise that underlying transport policy decisions will have already been made and that LRMT has already been identified as the appropriate transport solution. The authors have included some limited discussion of policy and technical issues where these directly impact the LRMT PPP approach. The approach is presented in nine sections, and in preparing it the author drew on current international LRMT PPP experience, through a series of interviews and case studies. The sections covered are: 1) urban transport and LRMT: an overview of urban transport policy, the characteristics of LRMT schemes and the influences on LRMT policies; 2) technical issues: a brief review of some key technical issues inherent in LRMT schemes and their potential impact on PPP design and implementation; 3) incorporating private sector participation in LRMT initiatives: what PPP has to offer, and an overview of the issues and stages public authorities follow to establish successful LRMT PPP arrangements; 4) understanding and managing risk: analyzing and allocating risks and responsibilities among stakeholders in the LRMT scheme and practical ways of designing risk allocation rules; 5) PPP, design, specifications and performance management: setting service standards and specifications and establishing associated costs; developing of performance and payment indicators and managing compliance; 6) funding and finance: large LRMT capital and system maintenance requirements require strong financing arrangements. The practical use of public and private financing mechanisms under PPP arrangement is reviewed; 7) developing a PPP agreement: looking at the main types of PPP agreements, an outline framework for developing the contractual arrangement is developed through re-view of key issues; 8) procurement: reviewing the approaches that the public authority can use to select the private partner; and 9) conclusions. 2012-03-19T09:33:05Z 2012-03-19T09:33:05Z 2010 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100219025419 978-0-8213-8085-7 http://hdl.handle.net/10986/2416 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication |