"The Subprime crisis largely resulted from failures to internalize systemic risk evenly across financial intermediaries and recognize the implications of Knightian uncertainty and mood swings. A successful reform of prudential regulation will need to integrate more harmoniously the three...

This assessment of the Pakistan Infrastructure Implementation Capacity (PIICA) which was carried out at the request of the GoP validates the view that the Government of Pakistan (GoP) plans to more than triple the infrastructure Public Sector Development Program (PSDP), but remains apprehensive...

Client feedback surveys in Africa indicate that the Bank's performance requires strengthening with regard to (a) respect for local cultures, (b) adaptation of knowledge to the local context and (c) incorporation of local knowledge into development efforts. They would like to see greater...

"This paper documents the prevalence of in-house generation of electric power by firms in Sub-Saharan Africa and attempts to identify the underlying causes. The analysis is based on two data sources. The UDI World Electric Power Plants Data Base (WEPP), a global inventory of electric power...

"Given the relatively small segment of the population that faces genuine affordability problems in Latin America, there appears to be a promising case for using targeted subsidies to reconcile the cost recovery objective with social protection concerns. Social tariff schemes of various kinds are...

"The authors analyze the impact of privatization on the performance of 116 electric utilities in 10 Latin American countries. The analysis makes a number of contributions to the literature on changes in infrastructure ownership. First, this is the first systemic analysis of the impact of...

"The authors use a panel-data set for the period 1980-2002 to estimate demand for electricity and telecommunications services and project investment needs in South Africa through 2010 for two growth scenarios. Projections of average annual investment needs in electricity and telecommunications...