The World Bank Group may now be expected to increase its lending to the mining sector. The pressure to find and develop new mineral resources is increasing the risk of mining ventures at every stage. The author, a Bank attorney, discusses previous lending for mining in the context of guarantees both to mining companies and to the developing countries where the mines are located.
Poverty has been a major challenge for Liberia. All developmental, governance, and social indicators have shown improvement as a result of a more robust implementation strategy led by the government with the support of development partners, civil society, and the private sector. The general economic condition has improved. However, enormous challenges remain for crafting of the next development strategy to fill any potential gap in development planning, the mobilizing and strategically placing of the private sector at the heart of economic growth and job creation.
This Selected Issues paper analyzes the main determinants of inflation in Mongolia using empirical tests based on a structural model approach and vector autoregression model, with a view to assessing whether inflation is predominantly affected by commodity prices or by money supply developments. Simulation and impulse response analyses are used to estimate components of the inflation dynamics under various exogenous shocks. The paper also addresses the mineral wealth management issues faced by Mongolia, and describes the mining sector and its envisaged development over the medium term.
This 2004 Article IV Consultation highlights that the Central African Republic’s period since 2000 has been marked by poor economic performance, owing in large part to military disturbances, but also to weak administration and poor program implementation. The conflict that ended in March 2003 shattered the Central African Republic's economy. Real GDP contracted by 7 percent in 2003, with the formal sector of the economy in a particularly dire state. The deficit in the overall budget balance including grants widened by about 2 percent of GDP in 2003.
Niger’s Fourth Review Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are examined. Economic growth in 2006 has been satisfactory at 4.8 percent, owing to a good harvest for the second year in a row, and strong mining, telecommunications, and construction activities. Inflation has been low, and food security improved, partly because of continued donor support. The fiscal deficit in 2006 has been smaller than programmed because of underspending and exceptional mining receipts.