This World Bank Sustainable Development Bond Impact Report 2019 is the first impact report covering all World Bank (International Bank for Reconstruction and Development, IBRD) bond issuance and the entire portfolio of IBRD's development activities. The Sustainable Development Bond Impact Report...

Forests have been receiving increased attention over the past few years, particularly through international climate change negotiations and efforts to develop a mechanism for reducing emissions from deforestation and forest degradation. In many forest-rich countries, the implementation of the...

The debt market in Thailand has made important strides since the financial crisis of 1997. The Thai government has made significant progress in building an orderly yield curve and is beginning to establish some benchmarks. However, more needs to be done if the government is to achieve its...

A strong legal framework that forms the basis for the activities of debt managers is crucial for enabling an effective public debt management function. This paper aims to complement discussions on the legal foundations of debt management by detecting and discussing essential elements that allow...

Thanks to funding support from the PROBLUE and Indonesia Oceans, Marine Debris and Coastal Resources Multi-Donor Trust Funds, the World Bank, the Government of Indonesia, the Global Environment Facility, the International Union for Conservation of Nature, and BNP Paribas are joining forces to...

"The current account can be understood as the outcome of investment decisions made by domestic and foreign investors. These decisions can be decomposed into a portfolio rebalancing and a portfolio growth component. This paper provides empirical evidence of the importance of portfolio rebalancing...

"For a foreign "issuer," the benefits of cross-listing in the United States are extensively documented in the literature. However it is not clear what motivates "investors" to hold American Depositary Receipts (ADRs) rather than the underlying stock of these issuers. The authors address the...