E-Journal Politeknik Negeri Samarinda
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    Mobilizing Carbon Finance to Meet the Socioeconomic Costs of Reforming Energy Tariffs and Subsidies in Uzbekistan

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    Across the globe countries are looking to cut greenhouse gas emissions to reach carbon neutrality and combat climate change. But doing so can be complicated. Countries are putting a price on carbon emissions (or carbon equivalents for other gases). In a landmark pilot in Uzbekistan, the World Bank is testing a way to reward countries for improving their sustainable energy policies. The program monetizes carbon-cutting efforts and prepares the country to sell carbon credits on the international carbon market

    Subnational Business Ready in the European Union 2024: Romania

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    This year, the Subnational B-READY series cover 40 cities in six EU Member States—Bulgaria, Croatia, Hungary, Portugal, Romania, and the Slovak Republic—covering 36 European regions. In Romania, the Subnational B-READY covers nine cities in eight regions at the NUTS2 level: Brașov (Centre), Bucharest (Bucharest-Ilfov), Cluj-Napoca, Oradea (North-West), Constanța (South-East), Craiova (South-West Oltenia), Iași (North-East), Ploiești (South Muntenia), and Timișoara (West). The primary objective of the Subnational B-READY studies is to identify and address regional disparities in regulatory environments and to promote reforms that foster private sector growth, job creation, and sustainability. The Subnational B-READY series delivers a rigorous, data-driven analysis of business climates at the local level, offering actionable insights for policy makers

    Charting the Path of Europe and Central Asia Toward a Secure and Sustainable Energy Future

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    Since February 2022, geopolitical events have made clear Europe’s need to diversify its energy sources and avoid excessive dependence on fossil fuel imports. The drop in Russian natural gas flows to Europe in 2022 marked the single largest supply shock in the history of global gas markets. It caused a significant increase in prices of electricity and heating services for consumers across the continent. With Europe’s high reliance on imported natural gas, reestablishing energy security is a paramount objective. But how security can be achieved is subject to many uncertainties. Although Central Asia is not as dependent on gas imports as other parts of the World Bank’s Europe and Central Asia (ECA) region, it has not been spared an energy crisis. Chronic underinvestment and the harshest winter conditions in decades resulted in significant blackouts in power and heating during the winter of 2022/23. This report analyzes the implications of the 2022/2023 energy crises over the short and long term, observing possible energy scenarios through 2060 in the Bank’s ECA region and examining three key questions: • What is the state of energy security in ECA in the wake of recent geopolitical events? • What will it take to decarbonize the ECA energy system? • What are the main uncertainties

    Nepal’s Economy on a Recovery Path but Private Investment Remains Low

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    Nepal’s economy saw improved growth in the first half of FY24 (H1FY24) compared to FY23, supported by the services sector, helping its economic growth rebound from a low of 1.9 percent in FY23 to a forecast of 3.3 percent in FY24. Accommodation and food services led the way, fueled by a significant rise in tourist arrivals. Financial and insurance activities also expanded, although there was a contraction in wholesale and retail trade. The industrial sector contributed to growth as well, supported by higher hydroelectric production. In agriculture, there was an increase in paddy production, aided by improved seed availability and favorable weather conditions. Private consumption drove growth on the domestic demand side, supported by a substantial increase of remittance inflows. However, since H1FY21, remittances growth has not supported higher imports of consumption goods. Private investment remained sluggish, as evidenced by decreased imports of capital and intermediate goods. On the other hand, public consumption and investment contracted, driven by austerity measures and lower revenue collection. To mitigate the revenue shortfall, the government adjusted its FY24 budget downward through mid-term reviews, revising both revenue and spending targets. Moreover, there is also the need for improved budget execution efficiency, especially for sub-national governments whose budget execution rates have lagged the federal government’s. Despite a small increase in public debt, it remains moderate and sustainable, supported by a significant share of concessional external loans and prudent fiscal management

    Designing an Independent Fiscal Institution for Poland

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    Unlike common practices in other EU member states and despite being mandated by EU law, Poland still lacks a fully-fledged Independent Fiscal Institution. IFIs are impartial, expert bodies that help improve the transparency, accountability, and quality of fiscal policies, and support sound and sustainable public finances. They became important after the 2008-09 global financial crisis showed the need for better fiscal management. Their role is to use their analyses and advocacy skills to push for long-term stability in fiscal policies. Creating a robust and effective IFI in Poland could enhance the quality and credibility of fiscal policy in the context of shifting structural budgetary dynamics. While the country performed well in the post-EU accession period, achieving rapid income convergence, and maintaining fiscal stability, it has not always complied with EU fiscal rules. With fiscal challenges set to grow in the medium and long term (i.e., due to the impact of the ageing population and increasing defense spending) the case for the establishment of an IFI is even more compelling. Recognizing that need the Polish government has expressed interest in establishing a formal IFI to enhance the quality and credibility of the Polish fiscal framework. This report supports the government of Poland in designing and implementing an IFI, aligned with international best practices while considering the specificities of the country. The report summarizes the main conclusions and recommendations from the World Bank and Ministry of Finance collaboration started in January 2024. The project included a diagnostic assessment of the existing fiscal framework and institutions, based on a benchmarking exercise against international best practices and standards of EU IFIs. The recommendations use a conceptual framework that focuses on three key aspects: the Right Form, the Right People, the Right Behavior

    Digital Identification Progress and Gaps

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    This paper provides a snapshot of the digital capabilities of government-recognizedidentification (ID) systems across three dimensions: (i) digitally stored records; (ii) digital verification or authentication for in-person transactions; and (iii) digital authentication for online transactions. This paper and data are part of a three-volume series that began with the 2021 ID4D Global Dataset and seek to contribute to a more precise typology and understanding of global trends in the digitalization of ID systems. This analysis is based on primary data collection from ID authorities (2021–2022), data from the 2021 World Development Report’s Global Data Regulation Survey, and desk research. The paper finds that in more than 90 percent of countries globally, ID systems now rely on digital data; identification systems across at least two-thirds of countries offer at least a basic type of digital identity verification or authentication for in-person transactions; and about 40 percent to countries—primarily high-income ones—have a digital ID ecosystem that enables fully remote, secure authentication for online transactions. When combined with data on the number of people without an official proof of identity, these findings suggest that, in addition to the estimated 850 million people globally who do not have official identification, many more do not have official, digitally verifiable identity credentials or credentials that would allow them to securely transact in online contexts. Our analysis suggests that at least 1.1 billion people do not have a digital record of their identity; 1.25 billion people do not have a digitally verifiable identity; and 3.3 billion people do not have access to a government-recognized digital identity to securely transact online. We hope this data provides a useful starting point for further unpacking ID systems’ digital capabilities and how they are used in practice

    A Region-specific Perspective - A World Bank-IADB Technical Note

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    Digital Public Infrastructure (DPI) first came to wider public attention at a session on the future of digital cooperation during the UN General Assembly in 2022. During 2023, international interest in DPI grew during India’s Presidency of the G20. The World Bank defines DPI as foundational and re-usable digital platforms and building blocks such as digital ID, digital payments, and data sharing - that underpin the development and delivery of trusted, digitally-enabled services across the public and private sector. Although India and Estonia are the most often cited country examples of DPI in practice, digital public platforms are also emerging in LAC. This report produced under a joint Memorandum of Understanding between the World Bank Group (WBG) and the Inter-American Development Bank (IADB) aims to help improve digital infrastructure and connectivity to drive stronger results for people living in LAC. Its objective is to highlight the state of the potential for DPI across the LAC region, including understanding policymaker’s awareness and acceptance of DPI, and the maturity of DPI building blocks across the region. It aims to connect a long-standing discussion in LAC around effective digital transformation with emerging global DPI discourse, and at the same time the report explores specifically how, and where, DPI manifests in LAC and how it can be helpful in future

    Remarks by World Bank Group President Ajay Banga at the Lowy Institute in Sydney, Australia

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    World Bank Group President Ajay Banga delivered remarks at the Lowy Institute in Sydney, Australia. He discussed the World Bank's efforts to address global challenges such as climate change, inequality, and fragility. Banga highlighted the reforms the World Bank has implemented to become more effective and impactful, including expanding its mission and vision, shortening project-approval processes, integrating operations, and increasing lending capacity. He also emphasized the importance of securing a significant replenishment of the International Development Association (IDA) and the need for collaboration with the private sector to close the financing and jobs gap. Banga mentioned specific initiatives focused on climate financing, healthcare, energy access, and social protection programs. He concluded by expressing the World Bank's commitment to ongoing reforms and greater ambition in achieving its development goals

    Accelerating the Building of Inclusive Institutions for Resilience and Jobs

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    The central message of this Systematic Country Diagnostic (SCD) update is that Somalia should accelerate the momentum in building its institutions to develop resilience and create jobs, thus serving as a basis for transitioning from fragility to reducing poverty and promoting shared prosperity. Poverty remains widespread, with growth and job creation insufficient for lifting incomes. The SCD update uses data from the 2022 Somalia integrated household budget survey (SIHBS), which is the first comprehensive household budget survey undertaken since the collapse of the state in 1991. Since SCD1, there have been modest improvements in some non-monetary dimensions of welfare. Somalia has benefited from new sources of financial support, which are helping to strengthen institutions through the advancement of the debt relief process. This SCD update reaffirms that the binding constraints and priorities presented in SCD1 remain valid. The SCD update presents five high-level outcomes (HLOs) that consider the progress made since SCD1, as well as the availability of new analytical work

    Viet Nam - Recommendations to the National Roadmap and Action Plan for the Electric Mobility Transition

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    In July 2022, the Prime Minister of Viet Nam approved the 'Action Program on Green Energy Transportation – Reduction of Carbon and Methane Emissions of the Transportation Industry' through Decision 876/QD-TTg, marking the country's first policy aimed at reducing the transportation sector's greenhouse gas emissions by 7.2 percent. This initiative is crucial for achieving Viet Nam's Nationally Determined Contributions (NDCs) under the Paris Agreement and the 2050 net zero target. The report provides policy recommendations to transition the road transportation sector to electric mobility (E-Mobility) with goals of having 50 percent of urban vehicles and all urban buses and taxis powered by electricity or green energy by 2030, and 100 percent of all road vehicles by 2050. The recommendations are based on quantitative analysis covering EV demand and supply, power sector upgrades, charging network development, and battery demands, highlighting benefits such as reduced gasoline and diesel demand, job creation, lower local air pollution, and significant contributions to emission reduction targets

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