The global financial roller coaster, with the Euro zone as its lead car, has hit economic prospects across the globe. The South African economy, with its close links to the world economy, has suffered, too, resulting in weakened growth prospects, lower fiscal revenues, lower and more volatile...

The city of eThekwini or Durban has undergone a period of rapid urbanization that has contributed to the degradation of the city's natural environment. Climate change is placing further strains on the city's ability to manage the urban environment. The urban environmental profile of eThekwini...

South Africa's green transition will have major implications for its workforce. This note presents five strategies to prepare the workforce for the green transition. The note explores the implications of the green transition on labor and skills needs in South Africa, and assesses the readiness...

"This paper relaxes some key assumptions in the probabilistic approach to fiscal sustainability. First, the authors identify structural breaks over the sample period used to estimate the covariance matrix of the shocks to the debt ratios. Second, the assumption of normality of the shocks is...

A Development Emergency: the title of this year's Global Monitoring Report, the sixth in an annual series, could not be more apt. The global economic crisis, the most severe since the Great Depression, is rapidly turning into a human and development crisis. No region is immune. The poor...

The Annual Review of Development Effectiveness 2009 presents evidence on the World Bank’s efforts in two areas. Part I tracks the outcomes of Bank projects and country programs and the evolution of monitoring and evaluation (M&E). Part II examines the Bank’s support for environmentally...