The government’s public financial management (PFM) Reform Program 2016-2020 foresees the gradual transition of public sector financial reporting from a cash basis to an accrual basis of accounting and the application of International Public Sector Accounting Standards (IPSAS). This will...

This Technical Note examines India’s securities market and the regulatory system overseeing the securities market and market participants. It is based upon a mission to Mumbai, India from March 14 – 31, 2017, conducted as one component of a joint IMF-World Bank Financial Sector Assessment...

This study "Opportunities for Improving Urban Service Delivery in South Sudan: A Tale of Two Cities" comprises a 3 part series. Part I—Service Delivery Status Report—gives a general overview of the service delivery models currently operating the country. Part II—International Case Studies...

The World Bank expects the Armenian economy to grow about 4 percent in 2017 with a modest but sustained recovery envisaged over the medium term. After stagnating in 2016, the economy showed renewed and greater-than-expected strength in the first half of 2017, which has continued into the third...

The aim of this note is twofold: (1) summarize emerging challenges and opportunities for the water sector in the Gulf Cooperation Council (GCC) countries; and (2) suggest ways to respond to these challenges where the World Bank’s Water Global Practice can provide support. Following a...

This engagement note provides education sector policymakers with an overview of the status of education across the six Gulf Cooperation Council (GCC) countries and offers insight into the World Bank’s strategies and approaches to supporting education reform in the GCC region. While the Gulf...

Sindh has the potential to become a high middle-income province in Pakistan, but it lags far behind in terms of economic, social and development indicators. Sindh is also the most industrialized province, resource-rich and endowed with the country’s largest natural gas and coal reserves. In...

Myanmar’s macroeconomic environment remains stable, though economic growth is estimated to have slowed to 5.9 percent in 2016-17 compared to 7 percent in 2015-16, weighed down by slower investment demand. Growth is projected to recover to 6.4 percent in 2017-18, though risks are tilted to the...

The health sector of Papua New Guinea (PNG) has seen significant positive developments in recent years. Key indicators of health access and quality have, however, barely improved or have even declined (for example, maternal and child health) from 2006 to 2015. In 2016, PNG entered the...

This Assessment is conducted as part of a larger platform established in 2016 through a joint World Bank and UNHCR initiative to support Afghanistan’s forcibly displaced population. The platform aims to inform and support the dialogue between stakeholders in Afghanistan in order to: (i) seek...