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East Asia and Pacific Newsletter: Indonesia, Philippines, Vietnam launch Economic Update; World Bank commemorates 40 years of issuing bonds in Japan; World Bank Vice President's remarks at the 10-year anniversary of China's access to WTO; More...

Untitled Document
World Bank December 27, 2011
East Asia and Pacific

WHAT'S NEW

Batik seller in traditional market  
Indonesia, Philippines, Vietnam Launch Economic Update

PHILIPPINES: Reforms to address structural bottlenecks in the economy - including raising revenue for higher spending on infrastructure, health, education and social protection as well as simplifying business regulations - will help achieve sustained growth at rates above 5 percent. Read more
Indonesia: Economy continues to grow, but its resilience needs to be enhanced given the weak external environment and uncertain outlook. Read more
Vietnam: Economy is vulnerable to the effects of the global economic slowdown and needs to prioritize the efficiency of public investment, the restructuring of State Owned Enterprises, maintenance of financial sector stability, and other structural reforms. Read more



WHAT'S NEW

World Bank Launches New iPad App for World Development Report 2012
The World Bank launched a new mobile application (app) for the institution's flagship publication, World Development Report (WDR), making the report more accessible and mobile. Read more | WDR 2012 iPad App 
   
World Bank: East Asia Pacific has made progress on gender equality, but challenges remain
Gender equality is both important in its own right as well as a contributor to poverty reduction and economic development. The East Asia and Pacific region has made progress on gender equality, but challenges remain, says the World Bank. Read more
   
Speech: 10-Year Anniversary of China's Access to WTO
"In acceding to the WTO, China made a firm commitment to further reform and open up its economy. The outcome of these efforts has been extraordinary," said Otaviano Canuto, World Bank Vice President and Head of Network, Poverty Reduction and Economic Management. Read more
   
Indonesia Moves towards More Gender Inclusive and Equitable Development
The World Bank and Indonesian Government co-hosted a national conference on gender inclusive development, highlighting the findings of the WDR 2012: Gender Equality and Development. Read more
   
World Bank Applauds Indonesia's Return to Investment Grade
The World Bank applauds Indonesia's return to BBB- investment grade, which is clearly a reflection of the strong macroeconomic fundamentals that the Indonesian government has built over the last ten years. Read more
   
World Bank Commemorates 40 Years of Issuing Bonds in Japan
The World Bank honored Japan's journey from being a recipient of World Bank funding to a major investor and development partner by commemorating this year's 40th anniversary of its first bond issued in the Japanese capital markets. Read more 
   
World Bank Board of Executive Directors Considers Inspection Panel Report on Papua New Guinea: Smallholder Agriculture Development Project
The World Bank's Board of Executive Directors discussed the Inspection Panel investigation into the Smallholder Agriculture Development Project and the report by World Bank Management responding to its findings. Read more
   
PHILIPPINES: WB, Philippines Launch Formulation of a National Slum Upgrading Strategy
The Philippine government launched the formulation of the country's National Slum Upgrading Strategy that will guide the efforts in upgrading the slum communities and improving the living conditions of informal settlers in the cities. Read more
   
PHILIPPINES: Government, WB Agree to Work Closely to Accelerate Inclusive Growth
The Philippines expects to receive continued support from the World Bank for priority programs and projects in the next three years after the institution reaffirmed its commitment to the country's development strategy. Read more
   
Vietnam: New Five-Year Country Partnership Strategy Provides Support to Address Vietnam's Challenges as Lower Middle-Income Country
The World Bank Group's new strategy in Vietnam for the five-year period ending in mid-2016 will support reforms and investments key to Vietnam's transition to a successful middle income country. Read more
   
Vietnam: Approved Projects
Medium Cities Development Project
Tenth Poverty Reduction Support Credit (PRSC 10)
Third Rural Transport Project [Additional Financing]
   
Regional Governance Hub Newsletter
Read the December 2011 edition
   


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