The 2007 financial crisis has exposed major weaknesses in global financial systems, including the threat to financial stability posed by banks that were too big, interconnected and complex to be closed or go bankrupt. As a result, many banks have been rescued using public support, allowing for...

In the aftermath of the 2007/08 financial crisis, and lacking sufficient coordinated guidelines or legislation, measures to address failing financial institutions in European Union (EU) Member States were taken at national level. In an effort to improve cross border coordination as well as to...

The seasonal worker program (SWP) was formally introduced in 2012 following a four-year pilot scheme. The program maintains the dual objectives of: (i) contributing to the economic development of nine participating Pacific Island countries and Timor-Leste; and (ii) filling labor shortages in the...

The Seasonal Worker Program (SWP) is a temporary migration scheme between Australia and selected Pacific Island Countries. It was introduced in 2012 and covers the agriculture, accommodation and tourism sectors. Extensive efforts have been made to evaluate the economic impacts of the scheme, but...

Malaysia has experienced a rise in foreign labor inflows in response to steady economic expansion and demographic changes. The foreign workforce has been hovering around 15 percent of the total labor force in recent years according to Labour Force Surveys by the Department of Statistics Malaysia...

This Regional Partnership Framework (RPF) outlines the World Bank Group (WBG) strategic program for nine Pacific island countries (PIC9): Kiribati, the Republic of the Marshall Islands (RMI), Federated States of Micronesia (FSM), Republic of Nauru, Republic of Palau, Independent State of Samoa,...

The Dominican Republic (DR) is vulnerable to climate change and has a high rate of natural degradation. The DR shows evidence of significant human mobility flows of (i) internal migration, mainly rural to urban; and (ii) international cross-border migration, especially from Haiti. Given this...

This note aims to close the knowledge gap about the effectiveness and capacity of labor migration sending systems in NCA countries. The report assesses whether NCA countries have the fundamental elements of an effective labor migration sending system, identifies the missing elements, and offers...