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Given the finite nature of petroleum resources and associated sovereign wealth fund, it iscritical for Timor-Leste to build a strong foundation for sustainable revenue mobilization tofinance public spending on development and poverty reduction. Timor-Leste faces the risks ofa fiscal cliff as,...
Persistent link: https://www.econbiz.de/10012817618
, this is presently not the case. The domestic shipping industry is characterized by high costs, low quality of service, and … a poor safety record. Logistics cost accounts for 24-53 percent of wholesale price, while shipping and port handling … cost around 8 percent of wholesale price and 5 percent of retail price. Philippine domestic shipping is generally more …
Persistent link: https://www.econbiz.de/10012644466
liberalization is to help i) foster more competition in the domestic shipping industry, ii) reduce shipping cost, and iii) improve … efficiency, maritime services, and safety standards. These, together with complementary reforms in domestic shipping and ports … cabotage is organized as follows. Part one provides an overview of the domestic shipping industry and discusses the key issues …
Persistent link: https://www.econbiz.de/10012644467
Mid-2018 was a period of intense market volatility and rising economic stress in Turkey that was precipitated by existing macroeconomic imbalances and elevated political tensions with the United Staes. A confluence of burgeoning domestic economic imbalances and a more challenging external...
Persistent link: https://www.econbiz.de/10012645843
, where relevant, key areas for future attention. The topics are: international shipping, gateway ports, domestic maritime … transport, four related sectors, cruise ship tourism, tuna fisheries, fossil fuel imports, and bulk shipping, natural disasters …
Persistent link: https://www.econbiz.de/10014312616
This Technical Note supplements the overarching regional report 'A Blue Transformation for Pacific Maritime Transport (World Bank, 2022)'. It provides more detail on, and analysis of, natural hazards in the Pacific affecting port infrastructure and operations. While natural hazards are a major...
Persistent link: https://www.econbiz.de/10014454398
Authorities in East Asia Pacific (EAP) jurisdictions have adopted a battery of fiscal, monetary, and financial measures aimed at mitigating the unprecedented impacts of the Coronavirus disease 2019 (COVID-19) pandemic on the economy. This report discusses the quality of loan portfolios in the...
Persistent link: https://www.econbiz.de/10012700675
Long COVID: Scars and Opportunity. The title of this report has two meanings. First, that the disease will leave in its wake a durably damaged economy. Second, that the disease is not leaving any time soon and may be here to stay. This duality reflects the two themes of this Update. In the near...
Persistent link: https://www.econbiz.de/10012700809
Amidst a fragile recovery, three clouds are gathering over the economic horizon: US inflation could provoke financial tightening, China's structural slowdown and zero-COVID-19 policy could dampen regional exports, and the conflict between Russia and Ukraine could disrupt food and fuel supplies,...
Persistent link: https://www.econbiz.de/10013209216
Growth in the developing East Asia and Pacific region slowed sharply in 2020Q1 because of the negative impact of the Covid-19 on economic activity. The decline has been broad-based reflecting the interconnectedness of the EAP economies and reverberations from the global economy as the virus...
Persistent link: https://www.econbiz.de/10012644280