Suchergebnisse

ÖZETSon yıllarda tüm dünyada yoğun biçimde özellikle de gelişmekte olan ülkelerde bankacılık krizleri yaşanmaktadır. Gelişmekte olan ülkelerde finansal liberalizasyon sürecinde denetleme ve düzenleme kurumlarına yeterince önem verilmemesi ve iç ve dış etmenlerden kaynaklanan makroekonomik istikrarsızlıklar bankacılık krizlerinin ana nedenleri olarak gösterilebilir. Faiz oranları ve döviz kurlarındaki dalgalanmalar ve vade uyumsuzlukları finansal ve finansal olmayan kurumlar için piyasa riskinin ve kırılganlığın artmasına neden olmuştur. Bankacılık sektöründe devletin verimsiz bir şekilde bulunması ve kredilerin banka sahipleri ile bağlantılı kişilere verilmesi ve sektörde etkinliğin arttırılmaması sistemik banka krizlerinin artış trendinde önemli etmenlerdir. Diğer yandan muhasebe standartları, yasal düzenlemeler, şeffaflık, risk yönetimi konularındaki eksiklikler bankacılık sektörü gözetim ve denetim otoritelerindeki boşluktan kaynaklanmıştır. Tüm bu bileşenler ülke ve zamana göre farklılık göstermekle birlikte bankacılık sektöründe yaşanan sistemik krizlere neden olan en temel etmenlerdir.Türkiye'de 1980 sonrası yaşanan finansal liberalizasyon 1989 yılında sermaye hareketlerinin de serbestleştirilmesi ile tamamlanmıştır. Bu süreçte finansal piyasaların derinleştirilmesi hedefine ulaşılsa da, seksenli yılların ilk yarısında yakalanan ekonomik istikrar doksanlı yıllarla birlikte kendini ekonomik dalgalanmalara bırakmıştır. Yüksek kamu açıkları iç borçlanma ile finanse edilmiş, devletin borçlanma gereği özel sektör yatırımlarını dışlamıştır. Bankacılık sektöründe finansal aracılık faaliyetlerinin payı düşmüş, kamu borcunun finansmanı ve arbitraj gelirleri sektörün en önemli gelir kaynakları haline gelmiştir. Makroekonomik istikrarsızlığa son vermek amacıyla IMF ile 2000 yılı başında döviz kuru çıpasına dayalı bir istikrar programı anlaşması imzalanmıştır. Ne var ki programın maliye ve para politikası hedefleri tutturulsa da enflasyon beklentilerinin inatçılığı istenen ölçüde kırılamamıştır. Döviz kurunun olağanüstü değerlenmesi ve büyüme sürecine giren ekonomide ithalat harcamalarının artması, cari dengenin beklenenin iki katı (GSMH'nın%5'i) açık vermesine neden olmuştur. İç politikadaki belirsizlikler ve dış ekonomik dalgalanmalar programa olan güvenin azalmasına neden olmuş ve ard arda yaşanan iki kriz sonrası kur çıpası hedefi terk edilip döviz kuru serbest dalgalanmaya bırakılmıştır.İstikrar programının uygulanma sürecinde, zaten zayıf olan bankacılık sistemi programın yapısı gereği piyasa risklerine çok daha açık hale gelmiş ve kırılgan bir hal almıştır. Kriz döneminde faiz oranlarının inanılmaz seviyelere ulaşması, döviz kurunun ise aşırı değer kaybetmesi birçok bankanın sermaye yapısını olumsuz yönde etkilemiştir. Kamu bankalarının büyük montanlı "görev zararlarını" çok kısa vadeli kaynaklarla fonlaması piyasada baskı yaratmıştır. Ekonomideki yavaşlama reel sektör bilançolarının da bozulmasına neden olmuş finansal sektörde geri dönmeyen kredilerin oranı giderek artmıştır. Bütün bu problemlerin çözümü için 2001 yılı ortasında Bankacılık Sektörü Yeniden Yapılandırma Programı yürürlüğe konmuştur. Kamu bankalarının yeniden yapılandırılması ile işe başlanmış, kısa vadeli borçlanma ihtiyacını ortadan kaldıracak önlemler alınmış, eriyen sermaye yapısı onarılmıştır. Tahsili gecikmiş alacakları toplam kredilerinin 'ine ulaşan kamu bankalarına aktarılan kaynağın 2001 GSMH'na oranı .8'i bulmuştur. Kriz sonrası zor duruma düşen ve bankacılık sektöründe toplam paya sahip olan pek çok özel bankaya Tasarruf Mevduatı Sigorta Fonu (TMSF) tarafından el konulmuştur. Bu bankaların rehabilitasyon ve satışı için kamu kaynaklarından 2001 yılı GSMH'nın .9'u kadar kaynak ayrılmıştır. Bunlara ilaveten krizden olumsuz etkilenen diğer özel bankalar için sermayelerinin güçlendirilmesi ve tahsili gecikmiş alacaklarının çözümü için girişimlerde bulunulmuştur. Ayrıca etkin çalışan, global rekabete açık ve daha güçlü bir bankacılık sektörüne sahip olabilmek için düzenleme ve denetleme yapısının güçlendirilmesi çalışmalarına hız verilmiştir. Şimdiye kadar kayda değer bir ilerleme kaydedilmiş olsa da, yeniden yapılandırma programının başarısı, istikrarlı bir ekonomik ve politik düzenle doğrudan ilişkilidir. Uzun dönemdeki hedef büyüme sürecini yeniden yakalayıp ve o çizgide devam edip olası Avrupa Birliği üyeliğine zemin hazırlamaktır.SUMMARY (Banking Crises and Turkish Banking Sector Restructuring Program)In recent years there have been an increasing trend in banking crises in both developing and developed countries. Attaching inadequate importance to the regulatory and supervisory institutions during the financial liberalization process and macroeconomic instability due to domestic and foreign disturbances are the main determinants of banking crises in the developing countries. Volatility in interest and foreign exchange rates and maturity mismatches increased market risk and vulnerability of both financial and nonfinancial institutions. Inefficient occurrence of government in the banking sector, increase in connected lending and no correction policies for the inefficiencies in the sector are important factors contributing to the increasing trend of the systemic banking crises. Deficiencies in accounting and disclosure standards, legal arrangements and risk management arise from the absence of sound regulatory and supervisory framework in these countries. Even if it can change from country to country and from time to time all the above stated distortions are the main determinants of banking crises.Financial liberalization process in Turkey after 1980 has been completed by the liberalization of capital account in 1989. During this process even if the target of financial deepening is attained, the economic stability that is reached in 1980s has to be abandoned with the economic instability years of the 1990s. High borrowing requirement of government has been financed through domestic borrowing and the private sector investments are crowded out. Share of financial intermediation declined and financing government debt and arbitrage gains became the main sources of income for the banking sector. In the beginning of 2000, Turkey signed a stabilisation program with IMF, which was based upon an exchange rate anchor. Main target of the program was to attain macroeconomic stability. Even if the fiscal and monetary targets of the program have been achieved, inflation expectations could not be reduced. Extraordinary valuation of the foreign exchange rate and economic growth induced increase in import expenses resulted twice of the targeted current account deficit reaching 5%of GNP. Uncertainties in domestic politics and instability in foreign economic environment caused a decline in confidence to the program. After the Nov.2000 and Feb.2001 crises the program became unsustainable; the government has to abandon the peg and to float the currency.During implementation process of the stabilisation policy, due to the structure of the program already weak banking sector became more open to market risks and more fragile. Increase in interest rates to incredible levels and excessive valuation of exchange rate influenced negatively the capital structure of banks. State banks created pressure on the markets through their large amount of financing requirements for "Duty losses". The crises led to a serious contraction in the economy, which exerted an adverse impact on the asset quality of the banking sector and increased the nonperforming credits. In consequence, the government adopted in mid-2001 "Banking Sector Restructuring Program" in order to eliminate these problems. The program started with the restructuring of state banks, measures are taken to limit the short-term exposure and support is given to dissolved capital. While the state banks' 45% of the total loans were nonperforming, total cost of the financial restructuring was 15.8% of 2001 GNP. On the other hand those banks which became insolvent after the crises and taken over by Saving Deposit Insurance Fund totalled 14% of banking sector assets. For the rehabilitation and sale of these banks a resource of 11.9% of 2001 GNP is allocated from public funds. In addition, for other banks that have been affected adversely by the crises, steps have been taken to strengthen capital base and to solve the problem of nonperforming assets. Achieving an efficiently working, globally competitive and sound Turkish Banking sector, strengthening the regulatory and supervisory framework is important. Up to now even if a significant progress has been taken in the implementation of the program, the successful completion of the program depends on the political and economic stability. For the longer term, the challenge is to recapture growth momentum and translate it into sustained economic convergence, as a basis for prospective entry into the European Union.

Although weather shocks are a major source of income fluctuation, most of the world's poor lack insurance coverage against them. Absence of formal insurance contributes to poverty traps, as investment decisions are conflicted with risk management ones: risk-averse farmers tend to underinvest and produce lower yielding yet safer crops. In the past few years, weather index insurance has gained increasing attention as an effective tool to provide small-scale farmers coverage against aggregate shocks. However, there is little empirical evidence about its effectiveness. This paper studies the effect of the recently introduced rainfall-indexed insurance on farmers' productivity, risk management strategies, as well as per capita income and expenditure in Mexico. The identification strategy takes advantage of the variation across counties and across time in which the insurance was rolled-out. The analysis finds that the presence of insurance in treated counties has significant and positive effects on maize productivity. Similarly, there is a positive association between the presence of insurance in the municipality and rural households' per capita expenditure and income, although no significant relation is found between the presence of insurance and the number of hectares destined for maize production.

Market-based reforms and the opening up of trade and investment initiated over the past four years have had a positive impact on growth in Myanmar. These have enhanced private sector participation and increased the role of exports in the economy. Reforms have included streamlined business entry procedures, reduced export and import licensing requirements, and enhanced public-private partnerships and dialogue. Promoting private sector competitiveness and inclusion in Myanmar have enormous potential to drive job creation, economic diversification, and structural transformation. This would involve improving the investment climate with an emphasis on transparency and predictability; reducing trade costs and strengthening connectivity for economic integration; enhancing public-private partnerships; and strengthening institutional capacity to drive the reform process. The ongoing peace process calls for careful sequencing of reforms, starting with reducing the costs of doing business and engaging in trade; consulting with local communities; and supporting vulnerable groups adversely affected by economic changes.

The objective of the report is to raise awareness of the fiscal impacts that natural disasters have on the budget of the Government of Sri Lanka. It is envisioned to be used as a planning tool for the potential development of a comprehensive disaster risk financing and insurance strategy that would equip the Ministry of Finance with additional instruments to manage the contingent liability posed by disasters. Its recommendations are a starting point for a collaborative discussion with the government on the potential development of a broad program.

Economic development critically involves diversification and structural transformation—that is, the continued, dynamic reallocation of resources from less productive to more productive sectors and activities. This paper documents that, over an extended period, developing Asia has on average been particularly successful in diversifying its exports, particularly in comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the 'extensive margin,' that is, through entry into completely new products. In addition, developing Asia has on average benefited significantly from quality upgrading, helping it capitalize on already existing comparative advantages. Yet, agricultural and natural resources tend to have lower potential for quality upgrading than manufactures. Therefore, for lower-income "frontier" countries, diversification into products with longer "quality ladders" may be a necessary first step before large gains from quality improvement can be reaped.

This report on adaptation to climate variability and change draws together the conclusions of a series of comparative case studies undertaken for the Area-Based Development and Climate Change (ABDCC) project of the Social Development Department of the World Bank. The report contributes to a better understanding of pro-poor adaptation by addressing the growing need for systematic analyses of existing rural adaptation strategies in the face of climate variability. The study shows: 1) how different types of climate phenomena affect households that are already vulnerable owing to their political-economic and social circumstances, 2) the ways in which households cope with and adapt to climate hazards, and 3) the role of rural organizations and institutions in helping vulnerable households cope with climate impacts and other sources of vulnerability more effectively. The study also complements other macro-level analyses in which the focus is primarily on government policies in the context of adaptation. The ABDCC study relied on four strategies for its implementation, data collection, and capacity building efforts: 1) review of secondary information and the selection of study sites; 2) data collection through household, focus group, and expert interviews; 3) data analysis and identification of feasible policy options; and 4) capacity building and dissemination of results. The study generated data both from secondary sources as well as primary research. The data was used to prepare country reports and policy notes but has also been analyzed using basic statistical methods to understand the relationship between institutions, adaptation strategies, and social groups within communities and territories.

The Philippines economy posted robust growth in early 2010, in part due to large one-off factors. As did many countries in the region, the Philippines benefited from a strong rebound in global trade. Manufacturing and investment activity expanded briskly as a result. Private consumption continued to expand, as consumer confidence improved. Growth also benefited from election-related spending. Expansionary (and now pro-cyclical) fiscal policy continued to support growth. Despite a withdrawal of liquidity-enhancing measures and a stronger peso, a closing output gap meant that monetary policy remained accommodative. A World Bank study of Philippines migration pattern during the global recession reveals that deployment of overseas foreign workers (OFWs) actually accelerated during the crisis. Partly this reflected the fact that the top OFW destinations were not as affected as the rest of the world. The most affected OFWs were males, production workers (especially construction workers) and new hires. By contrast, females, services workers, seafarers and rehires proved resilient to the crisis or even benefited from it. Globally, less tolerance towards weak public finances is expected, raising the need to introduce a credible medium-term fiscal consolidation plan for the Philippines. Running a pro-cyclical fiscal policy with relatively high debt and limited fiscal space-as undertaken in the first-half of 2010-raises risks and should be reverted. Credibility towards such a goal could be achieved, for example, by designing a comprehensive multi-year reform package. As the output gap closes, the accommodative monetary policy introduced in 2008 would need to be gradually unwound, starting by reaching a broadly neutral stance in 2010. An increase in policy rates currently negative or slightly positive could achieve such a goal.

Background The main instrument on EU level to control industrial releases is the Industrial Emissions Directive (IED), particularly through the publication of BAT reference documents (BREFs) and related BAT Conclusions, which is the reference for setting the permit conditions throughout EU for IED installations. However, the BREFs published so far do not contain adequate information on specific hazardous chemicals used and released from industry which makes the control difficult for the industry and the permitting and supervising authorities. One of the case sectors in the HAZBREF project is the surface treatment of metals and plastics (STM). This sector was chosen due to the use of chemicals, potential emissions, the wide range of products as well as technological processes and the upcoming STM BREF review. The other HAZBREF case sectors are textile industry and chemical industry which are addressed in separate reports. The lack of knowledge on the use and flow of specific hazardous chemicals in the industrial processes makes chemical control and reduction measures difficult. The problem is that often neither plant operators nor authorities know which substances are relevant to be treated and which handling measures are needed. Surface treatment of metals and plastics is covered by the STM BREF document, published in 2006. According to the last work programme of the EIPPCB the review of the EU STM BREF is planned to start in 2021. Purpose of the document This sectoral guidance contains information on uses of hazardous chemicals, the best practices in chemical management and recommendations on enhancing the permitting process in the STM sector. This document sums up the findings from HAZBREF project and is based on industrial case studies, interviews with authorities and expert judgment. The aim is to describe good practices in chemical management to be utilized by STM installations as well as environmental and chemical authorities. These include technical, organisational and management aspects and concrete tools supporting chemical management. The report addresses the STM sector as a whole in Europe, although the main part of the findings is generated from HAZBREF case installation and other experiences in the Baltic Sea Region. The document provides also general descriptions of BAT proposals related to management of hazardous chemicals and substances. These findings of the guidance will feed into in the forthcoming revision of the STM BREF. They are also to be used for HELCOM recommendations on how to reduce the discharge of hazardous substances into the Baltic Sea. Moreover, the document provides an overview of applicable legal requirements, procedures and other obligations of installation operators regarding use of chemicals and releases of hazardous substances. This includes guidance for tools to identify and assess relevant hazardous substances used and released from the STM installations. Main findings and proposals Improvement of chemical management system A Chemical Management System provides a systematic way of managing chemicals through the whole process on the site. Most of the companies have implemented quality management standards such as ISO 9000, ISO 14000, EMAS and integrated EHS programs which also address certain aspects of chemical management. The quality of chemical management systems in the companies differs depending on the scale of operation, ownership and awareness. Integration of good practices of chemical management within already implemented management systems strengthens the ability to reduce environmental risks. HAZBREF project strongly recommends the establishment and regular use of a chemical management system at IED installations. Development of a chemical inventory The establishment and maintenance of a chemical inventory is an importantprerequisite for effective and responsible chemicals management in the STMsector. All chemicals and raw materials along with information on their propertiesused in all processes and activities at the site should be listed in a database. Such adatabase is a key part of chemical management allowing for systematic riskassessment, management of chemicals flows and their storage. The information in the chemical list/database must be searchable and should be updated regularly. Most of the information needed is available in the safety datasheets (SDS). If some information is missing from the SDS, the supplier should be asked to provide this. Good routines to handle new and updated SDSs are crucial to have an up to date and reliable chemical database. These routines should involve on-site handling and updates as well as communication with suppliers on how SDSs are delivered. Well-managed chemical inventories can significantly simplify the environmental permit application process both for the operators and the permitting authorities. Better use of Chemical Management Tools and training of staf Numerous references and tools are available to support STM companies and competent authorities in implementing the good chemical management required in the IED. HAZBREF recommends that operators use proper tools for risk assessment and evaluation of the efficiency of chemical management. Use and improvement of risk assessment tools such as extended SDS and material flow analysis should be promoted among installation operators in this respect. The HAZBREF project has developed a comprehensive tool that helps the operators to identify the site-specific hazardous substances that should be considered in strategic and operational decisions. Awareness raising and training of staff in the use of chemical management tools and systems is crucial for implementation of good chemical management practices at the installations. Substitution A regular check aiming at identifying potentially new available and safer alternatives to the hazardous chemicals used is an important measure to minimise chemical risks at the installation. A successful substitution work can be performed in four stages: - Identification of hazardous substances - Screening for possible alternatives - Evaluation and choice of alternatives and Development of new alternatives. Substitution can be aimed for any hazardous chemical used at installation level where it is needed in order to protect environment or human health. However, regrettable substitution (i.e. move to use new chemical that is equally or more hazardous than the substituted chemical or results in cross-media effects) must be avoided. Assessment and improvement of SDS Efficient chemicals management requires high quality of the Safety Data Sheets (SDS). The SDS should sufficiently describe the chemical properties and include information about exposure (including use and emissions), eco-toxicology and proper storage and handling. A SDS must also contain information on whether the chemical product contains substances on the SVHC list, priority substances under the Water Framework Directive WFD and the POPs convention. In case a chemical supplier fails to provide a SDS of sufficient quality, it is the duty of both the operator and the competent authority to demand the missing information. This is already required by law in some countries, e.g. Germany. It is also important that the operators know how to extract and consolidate the relevant information from the SDS to their permit applications and verify the quality of different information sources. The development of an extended SDS including exposure scenarios and improved data on environmental effects would facilitate better risk assessment of individual chemicals used in specific processes. This would lead to more efficient monitoring and help focusing on substances of concern. Improved SDSs for raw materials with information on impurities or additives would facilitate more complete chemical inventories. Continuous improvement of BAT implementation The implementation of BAT needs to be continuously monitored and improved at the installation considering site specific technological, economical and environmental aspects. The findings from Polish HAZBREF case studies is that fulfilment of BAT requirements can be challenging if all improvements need to be done in a short time period. For example, closed-loop systems are considered necessary additional process-integrated techniques that it is important to implementstep by step in the installations. Circular economy The STM sector is a significant user of non-renewable resources (metals), and recycling of recovered metal containing materials such as metal substrates orelectrolytes back to the process is good practice. Such recovery processes are widely used for basic metals, such as zinc, copper and nickel, which are used as valuable secondary raw materials SRM. High costs of recovery processes and high energy consumption as well as the variety of chemicals and metals used in STM processes often hinders recycling. In cases where recycling is not feasible, pretreatment of contaminated waste water on site and subsequent off-site treatment of generated metal containing sludges is standard practice. Permitting process Beside best practices in chemical management, the project also elaborated recommendations on enhancing the permitting process in the STM sector. It can be concluded that the existing general structure and content of the permit application procedures are as such sufficient to deal with hazardous substances and chemicals. Nevertheless, in practice the permit process could be improved with more communication between the applicant and the permitting authority during the application phase. More co-operation between chemical, environmental and occupational health authorities is suggested to achieve a smooth information flow and reduce double work regarding requirements under different legislations concerning chemicals and hazardous substances. In some countries, for example in Finland, the supervising practices in different parts of a given country need harmonising so that all installations are treated equally. This requires more and better communication between the respective environmental and chemical authorities within the country. The improved exchange of information and examples of good experiences between Member States would also, in the long run, contribute to more harmonised and better practices on European level. ; Bakgrund Det huvudsakliga instrumentet på EU-nivå för att kontrollera utsläpp från industrin är industriutsläppsdirektivet (IED), särskilt genom publicering av BATreferensdokument (BREF) och relaterade BAT-slutsatser, som är referensen för att fastställa tillståndsvillkoren i hela EU för IED-verksamheter. De hittills publicerade BREF-dokumenten innehåller emellertid inte tillräckligt med information om specifika farliga kemikalier som används och släpps ut från industrin vilket gör kontrollen svår för industrin och tillstånds- och tillsynsmyndigheterna. En av sektorerna som valts ut i HAZBREF-projektet är ytbehandling av metaller och plast (STM). Denna sektor valdes på grund av användningen av kemikalier, potentiella utsläpp, det breda utbudet av produkter samt tekniska processer och den kommande STM BREF-revideringen. De andra sektorerna HAZBREF har fokuserat på är textilindustri och kemisk industri, som behandlas i separata rapporter. Bristen på kunskap om användning och flöde av specifika farliga kemikalier i de industriella processerna gör det svårt att kontrollera och minska kemikalierna. Problemet är ofta att varken verksamhetsutövare eller myndigheter vet vilka ämnen som är relevanta att åtgärda och vilka skyddsåtgärder som behöver vidtas. Ytbehandling av metaller och plast omfattas av STM BREF-dokumentet, som publicerades 2006. Enligt EIPPCB: s senaste arbetsprogram planeras revideringen av STM BREF att börja 2021. Dokumentets syfte Denna vägledning innehåller information om användning av farliga kemikalier, bästa praxis inom kemikaliehantering och rekommendationer för att förbättra tillståndsprocessen inom STM-sektorn. Detta dokument sammanfattar resultaten från HAZBREF-projektet och baseras på fallstudier, intervjuer med myndigheter och expertbedömning. Syftet är att beskriva god praxis inom kemikaliehantering som ska användas av STM-verksamheter samt miljö- och kemikaliemyndigheter. Dessa inkluderar tekniska, organisatoriska och hanteringsaspekter och konkreta verktyg som stöder kemikaliehantering. Rapporten behandlar STM-sektorn som helhet i Europa, även om huvuddelen av resultaten härrör från verksamheter som har deltagit i fallstudierna och andra erfarenheter i Östersjöregionen. Dokumentet innehåller också allmänna beskrivningar av BAT-förslag relaterade till hantering av farliga kemikalier och ämnen. Dessa resultat i vägledningen kommer att ingå i den kommande revideringen av STM BREF. De kan vidare användas för HELCOMrekommendationer om hur man kan minska utsläppen av farliga ämnen i Östersjön Dessutom ger dokumentet en översikt över tillämpliga lagkrav, förfaranden och andra skyldigheter för verksamhetsutövare beträffande användning av kemikalier och utsläpp av farliga ämnen. Detta inkluderar vägledning för hur man kan identifiera och bedöma relevanta farliga ämnen som används och släpps ut från STM-anläggningarna. Huvudsakliga resultat och förslag Förbättring av kemikaliehanteringssystemet Ett kemikaliehanteringssystem ger ett systematiskt sätt att hantera kemikalier genom hela processen på anläggningen. De flesta av företagen har implementerat olika standarder som ISO 9000, ISO 14000, EMAS och integrerade EHS-program som också behandlar vissa aspekter av kemikaliehantering. Kvaliteten på kemikaliehanteringssystem i företagen varierar beroende på deras storlek, ägarförhållanden och medvetenhet. Integrering av god praxis för kemikaliehantering i redan implementerade ledningssystem stärker förmågan att minska miljörisker. HAZBREF-projektet rekommenderar upprättande och regelbunden användning av ett kemikaliehanteringssystem vid IED-verksamheter. Utveckling av en kemikalieinventering Att upprätta och underhålla en kemikalieinventering är en viktig förutsättning för en effektiv och ansvarsfull kemikaliehantering inom STM-sektorn. Alla kemikalier och råvaror som används i alla processer och aktiviteter på anläggningen bör, tillsammans med information om deras egenskaper, listas i en databas. En sådan databas är en viktig del av kemikaliehanteringen och möjliggör systematisk riskbedömning, hantering av kemikalieflöden och lagring. Informationen i kemikalielistan/databasen måste vara sökbar och bör uppdateras regelbundet. Merparten av den information som behövs finns i säkerhetsdatabladet (SDS). Om viss information saknas i säkerhetsdatabladet bör leverantören uppmanas att lämna denna. Bra rutiner för att hantera nya och uppdaterade säkerhetsdatablad är avgörande för att ha en uppdaterad och pålitlig kemikaliedatabas. Dessa rutiner bör omfatta hantering och uppdateringar på plats samt kommunikation med leverantörer om hur säkerhetsdatablad levereras. Välskötta kemikalielistor/databaser kan avsevärt förenkla ansökan om miljötillstånd för både verksamhetsutövare och tillståndsmyndigheter. Bättre användning av verktyg för kemikaliehantering och utbildning av personal Många referenser och verktyg finns tillgängliga för att stödja STM-företag och behöriga myndigheter i genomförandet av den goda kemikaliehanteringen som krävs i IED. HAZBREF rekommenderar verksamhetsutövare att använda lämpliga verktyg för riskbedömning och utvärdering av kemikaliehanteringens effektivitet. Användning och förbättring av riskbedömningsverktyg som utökade säkerhetsdatablad och analys av materialflöden bör främjas bland verksamhetsutövare i detta avseende. HAZBREF-projektet har utvecklat ett omfattande verktyg som hjälper verksamhetsutövarna att identifiera platsspecifika farliga ämnen som bör beaktas i strategiska och operativa beslut. Att öka medvetenheten och att utbilda personal i användningen av verktyg för kemikaliehantering och kemikaliehanteringssystem är avgörande för genomförandet av god kemikaliehanteringspraxis vid verksamheterna. Substitution En regelbunden kontroll som syftar till att identifiera potentiellt nya tillgängliga och säkrare alternativ till de farliga kemikalier som används är en viktig åtgärd för att minimera kemiska risker vid verksamheten. Ett framgångsrikt substitutionsarbete kan utföras i fyra steg: - Identifiering av farliga ämnen - Screening efter möjliga alternativ - Utvärdering och val av alternativ och Utveckling av nya alternativ. Substitution kan riktas mot alla farliga kemikalier som används på verksamheten där det behövs för att skydda miljön eller människors hälsa. Substitution som senare ångras (dvs. byta till att använda en ny kemikalie som är lika eller mer farlig än den substituerade kemikalien eller som resulterar i tvärmedieeffekter) måste undvikas. Bedömning och förbättring av säkerhetsdatablad Effektiv kemikaliehantering kräver hög kvalitet på säkerhetsdatablad (SDS). Säkerhetsdatabladet bör beskriva de kemiska egenskaperna tillräckligt och innehålla information om exponering (inklusive användning och utsläpp), ekotoxikologi och korrekt lagring och hantering. Ett SDS måste också innehålla information om huruvida den kemiska produkten innehåller SVHC-ämnen, prioriterade ämnen enligt vattendirektivet WFD och POPs-konventionen. Om en kemikalieleverantör inte tillhandahåller ett säkerhetsdatablad av tillräcklig kvalitet är det både verksamhetsutövaren och den behöriga myndighetens skyldighet att kräva informationen som saknas. Detta krävs redan enligt lag i vissa länder, t.ex. i Tyskland. Det är också viktigt att verksamhetsutövarna vet hur man tar fram och sammanfattar relevant information från säkerhetsdatabladet till sina tillståndsansökningar och verifierar kvaliteten på olika informationskällor. För att förbättra riskbedömning av enskilda kemikalier, som används i specifika processer, kan ett utökat säkerhetsdatablad inklusive exponeringsscenarier och förbättrade data om miljöeffekter underlätta. Detta skulle leda till effektivare övervakning och hjälp med att fokusera på ämnen som är farliga. För att få mer fullständiga kemikalieinventeringar kan förbättrade säkerhetsdatablad för råvaror med information om föroreningar eller tillsatser underlätta. Kontinuerlig förbättring av implementeringen av BAT Implementeringen av BAT måste kontinuerligt övervakas och förbättras vid verksamheten med beaktande av platsspecifika tekniska, ekonomiska och miljöaspekter. Resultaten från de polska HAZBREF-fallstudierna är att uppfyllandet av BAT-kraven kan vara utmanande om alla förbättringar behöver göras på kort tid. Till exempel anses slutna system vara nödvändiga ytterligare processintegrerade tekniker som det är viktigt att implementera steg för steg i verksamheten. Cirkulär ekonomi STM-sektorn är en betydande användare av icke förnybara resurser (metaller), och återvinning av återvunna metallinnehållande material såsom metallsubstrat eller elektrolyter tillbaka till processen är god praxis. Sådana återvinningsprocesser används ofta för basiska metaller, såsom zink, koppar och nickel, som används som värdefulla sekundära råvaror (SRM). Höga kostnader för återvinningsprocesser och hög energianvändning samt de många olika kemikalier och metaller som används i STM-processer hindrar ofta återvinning. I de fall återvinning inte är möjlig är förbehandling av förorenat avloppsvatten på plats och efterföljande behandling av genererat metallhaltigt slam praxis. Tillståndsprocessen Förutom bästa praxis inom kemikaliehantering utarbetades även rekommendationer för att förbättra tillståndsprocessen inom STM-sektorn. Man kan dra slutsatsen att den befintliga allmänna strukturen och innehållet i tillståndsansökningsförfarandena som sådana är tillräckliga för att hantera farliga ämnen och kemikalier. I praktiken kan tillståndsprocessen ändå förbättras med mer kommunikation mellan den sökande och tillståndsmyndigheten under ansökningsfasen. Mer samarbete mellan kemikalie-, miljö- och arbetsmiljömyndigheterna föreslås för att uppnå ett smidigt informationsflöde och minska dubbelarbete avseende krav enligt olika lagstiftning om kemikalier och farliga ämnen. I vissa länder, till exempel i Finland, måste praxis för tillsyn och övervakning i olika delar av landet harmoniseras så att alla verksamheter behandlas lika. Detta kräver mer och bättre kommunikation mellan miljö- och kemikaliemyndigheter i landet. Det förbättrade informationsutbytet och exempel på goda erfarenheter mellan medlemsstaterna skulle också på sikt bidra till mer harmoniserad och bättre praxis på europeisk nivå.

Part five of of an interview with educators in the Leominster, Massachusetts area. Topics include: Experiences as students in the Leominster school system. Kindergarten classes and moving students along in bilingual education. Funding to keep students in school and in programs that work for individuals. How parents support education. ; 1 SPEAKER 1: For example, um, we talked about the original Head Start. You went to kindergarten. I couldn't believe that. [Laughter] Okay. I mean, the whole intent, and correct me if you see it differently, but the whole intent of Head Start is that society sees that there's a group of children who don't have the exposure, whether it's cultural, whether it's language development, they don't have the exposure in their formative years. And when they get to kindergarten or when they get to first grade, they're kind of behind. And, primarily, we identify those kids as coming from lowest socio-economic backgrounds. Okay? So, the idea was to begin a Head Start program and target that population. But who will fund it? A wonderful idea. And I think that as you look at the longitudinal studies that have been done over 20, 30 years since Head Start, you see that kids who have gone through Head Start have been more successful in school, is less apt to drop out, less pregnancy, uh, less involvement with substance abuse, and so on. It seems to be a pair, okay? And yet, the federal government only funds Head Start to the point where only about 56 percent of the kids who are eligible, not all preschoolers, only the kids from socio-economic background who are financially eligible for Head Start, that's how many can go. You check with a Head Start program [alumnus], or you go to the government, you go anywhere you want, and they cannot take all of the kids who qualify. Why? Because the funding isn't there. That's the problem. A need is seen but the immediacy of that need is not recognized. SPEAKER 2: Is that why…? What is the reason that Lancaster Street had the only kindergarten? And you went to that. SPEAKER 3: You know, that I don't know. SPEAKER 1: But maybe, just… SPEAKER 3: My experience was like kind of just the opposite because my kindergarten teacher was Ms. [Trinkle]. She married another teacher. SPEAKER 4: Coach Sullivan.2 SPEAKER 3: Sullivan. Right. SPEAKER 1: Okay. SPEAKER 2: She married [unintelligible - 00:02:28]? How do you know so? SPEAKER 3: So, then I was ready for the first break. Now, I'm in kindergarten, and she felt I was ready for the first grade, so they sent me. My birthday was in January, so therefore, I was supposed to wait like another year. And I remember Miss Lincoln… do you remember her? She had some administrative position. And I remember her testing me [unintelligible - 00:02:55]. SPEAKER 2: Was the class at Lancaster Street predominantly Italian? SPEAKER 3: Everybody were. SPEAKER 4: I went to that one before she did and my kindergarten teacher was Ms. Kendall, and they started the kindergarten because the whole area was all Italian children. They did not speak English. SPEAKER 2: And that, really, in disguise, was the first bilingual program in Leominster. SPEAKER 1: Yeah. It was the forerunner. SPEAKER 3: I think so. Probably true. SPEAKER 2: That… really. SPEAKER 1: They were trying to address the same name in a different way. SPEAKER 2: But the way they went about it is a lot different from "transitional bilingual education." SPEAKER 3: But, instead of keeping me in that class for two years, she move me on. SPEAKER 1: If you want… to tell you the story, the same thing happened to him. They want to keep him back. Am I right? SPEAKER 3: No, I'm just saying age-wise. SPEAKER 2: Yeah. SPEAKER 1: Right. SPEAKER 3: I would have had to stay there another year. SPEAKER 1: Right. I see. SPEAKER 3: Probably because they felt that I was [pretty] and trusted me. 3 SPEAKER 4: And then, moving on. SPEAKER 1: Let's say they did something different. They did something different for that population. They put them in kindergarten. They brought them to school a year earlier. SPEAKER 4: That's right. SPEAKER 1: They didn't do that for the general population. Right? SPEAKER 3: A friend of mine gave me a copy of the class picture that I had never seen in my life until maybe the last year, year and a half, and I must tell you, we really did look like ragamuffins [laughter]. But it's such a pleasure to look at that picture. I mean, it's your roots. SPEAKER 2: Yeah. SPEAKER 3: It's your roots. SPEAKER 4: Now, my kindergarten class progressed as a whole. You were in kindergarten. The next year you're in first grade, second grade, and I don't remember a lot of kids being held back. They just went on. SPEAKER 2: This is my whole point of modern versus [test], need versus popularity -- popular to have the bilingual program, need to get these kids go on and started. SPEAKER 4: It's also numbers. SPEAKER 2: Absolutely. SPEAKER 4: It's also numbers. SPEAKER 2: Absolutely. And experiment. SPEAKER 3: We were a very small… Leominster was a very small… SPEAKER 2: But the philosophy. I don't care if there are a thousand or a hundred. The philosophy was different. That's my whole point. Our philosophy was to get them in there, teach them English, get them going, and they'll be fine. And that turns out to be exactly true because as Lucy said, you want to go back and trace the history of folk. Those Italian kids started that first bilingual class. They did fine. They did very well in the city of Leominster. 4 SPEAKER 4: On the other hand, there were kindergarten students [unintelligible - 00:05:29] were we at 12th grade, or…? SPEAKER 5: Well, they never had… SPEAKER 3: Twelfth. SPEAKER 1: With me, as I said, I was 9 years old, so I would have started third grade. I guess about third grade and I stayed just a couple of months. We came to the United States and landed in February and I was put into the first grade. I didn't speak a word of English. I was 9 years old put into the first grade just to be under that school year. And then, I spent that summer in Indiana. I came back in the fall. I went into grade 2. Halfway through the year, the teachers made a decision and they pulled me out of the second grade. They felt I knew English well enough at that point. And they brought me across the hall and put me in the fourth grade classroom. So I started the year on grade 2, ended the year on grade 4. That following September, I was in [unintelligible - 00:06:37] and went into grade 5 with Mrs. McGraw. SPEAKER 2: Today, if you were 12, you had a CORE evaluation. Think about it. SPEAKER 4: Yes. SPEAKER 1: I still graduated a year behind you know, my age group. I lost a year, okay, although I ended up you know, skipping a couple of grades. But I was fortunate in that I was able to survive that. But I'm telling you that there were many others who did not survive that kind of so called "immersion." So, you know, Vinnie is right. You have to look at the individual and say, you know, "What's best for this person?" Not just today, but think about what you're doing in terms of how it's going to affect that person's lifetime. Because the greatest cost for failure is after a person leaves school. Well, you can put a kid into special education as costly as that might be. You can put a kid into bilingual program and some added cost. But you 5 have a youngster who drops out of school and fails, end up in jail or gets pregnant, is on drugs. Your sending a youngster to jail is going to cost you $50,000 a year to keep that person. SPEAKER 3: And you know, when they went in, they will know when they come out because they learned from each other. There's a teaching going on there as well. SPEAKER 1: Exactly. And that's why I believe in you know, rehabilitation programs in prisons, because, I mean, what else are you going to spend that money for? If it's just for punishment, if it's just for revenge, you wanted… you know, a person did something wrong, you're going to pay. So you're going to spend 10 years behind bars. Okay? But then stop and think about what happens when that person comes out. Are you going to end up sending that person back? Hopefully, that person becomes a contributing member of the society or if not contribute, at least you know, not detract from society. It's you know, the longer range. We're all human beings. SPEAKER 2: If you wanted to trace back again to that kindergarten class and at the beginning of that program with Lucy's, and trace how many of those people "went to jail" or on drugs, that got in trouble? You'd find there are few. You'd find very few. Think about it. And, going back to the point, the last one, we didn't have to spend a lot of money on the law enforcement, okay? Because parents… let's get to that point. Ethnic families – French, Italian, and others [unintelligible - 00:09:04] – were very proud people. Okay? And they didn't want to be embarrassed by having an officer come to the house. They took care of their own problems. All the teachers had… I can remember breaking a window. It was an accident but I was throwing stones and threw it the wrong direction and broke a window. Ms. Gallagher called up my house, the principal, to tell my mother. End of problem. End of problem. [Laughs] I mean, guys, I didn't have to be told more than once. SPEAKER 4: No. That's right.6 SPEAKER 2: Okay? Because that's the difference there. SPEAKER 3: Starting with Miss [Partimo], she was a fourth grade teacher, I had [unintelligible - 00:09:44] Miss [Partimo] for two weeks. And it was [glorious]. So they somehow closed down the fourth grade, and they sent half the class to the third grade and half the class to the fifth grade. And I had Miss [Gallagher] and Miss [unintelligible - 00:10:01]. She was the principal and she taught girls. I went to see her. She is deceased this year. But a year ago, when we did all that for the honorary members, I brought flowers to each of these women that couldn't attend the meeting partially because of transportation. And Miss Gallagher was one of them. And we sat and had the longest chat and then we talked about [unintelligible - 00:10:28]. One of the things that I came away with, she marveled at how… she found her job as relatively easy because of the parents that she worked with, the Italian parents and how… they wanted the best for their children. They wanted an education for their children. But the teacher was always right that they were going to follow the rules. And boy, the last thing a teacher has to say to you was, "I'm going to tell your parents." Oh, my God. You'd shiver and shake because again that was the worst thing in the world. Not to say [unintelligible - 00:11:08]. I don't mean that but… SPEAKER 2: Do you remember when your mother went to the [unintelligible - 00:11:12] to the open house [unintelligible - 00:11:14] you know. I didn't worry about my mother saying, and I know your mother well… I didn't worry about my mother saying and the teacher saying "Joseph is not doing…" That was expected. You came from an Italian home. You're expected to do well. "How is he behaving?" The teacher said, "Well, Joseph is a little loquacious." SPEAKER 4: [Laughter].7 SPEAKER 2: [Laughs]. I would hide under the… like a fool, I was hiding under the sheets. [Unintelligible - 00:11:46] [Laughter] But that was called pride. Your parents had pride and you didn't embarrass them. SPEAKER 1: They wanted you to be respectful. SPEAKER 2: That's right. SPEAKER 1: But I have to believe that… I don't care what ethnic group you're talking about, that basically parents want their kids to succeed. SPEAKER 3: That's right. SPEAKER 1: Okay? And you know, today, we use the word partnership. Education is a partnership, you know, the home and the school. I mean, they're all elements in a successful equation, I guess, if you want to call it that. You do have to have parents that support kids and support education. You know, Vinnie, tell us the story about you that you were telling me last week when you came to the United States. And at some point, there was a decision to be made about you going on in school or going to work. I thought that was quite interesting, okay? You might share that. SPEAKER 2: Maybe the support system that we have today is quite different from what it used to be years ago when family would contribute their ideas. And what relatives would say would be very important to determine what young children would take as their career, would take as a job, would do as the next thing. In my own personal experience, I know that it wasn't easy for me to go to school, especially to middle school in Italy because first of all, conditions were right after the war. Everything was with much destruction all around. And the fields, I remember one of the main sources of our income was the vineyards. My grandfather produced grapes and wine to be sold and to be processed. And as the story goes, they just had an attack by [unintelligible - 00:14:03] which destroys the grapevines, and then you need seven years before you can get production up again. So, the source of income was not available. My father had just come back from being a prisoner of war, and of course, you don't earn money while you're a prisoner of war. You're as 8 destitute when you come out as you were when you went in. And he was there seven years. This was in 1947. And when you make a decision to have your son continue the education, you have to buy the books. You have to provide the money to go to the district school which is [unintelligible - 00:14:53], which is not very far, but the bus that took you there was a jungle bus that also went to Padova, and so it took about 45 minutes for what would nowadays be maybe a 10-minute ride. SPEAKER 1: It was seven miles, and [unintelligible - 00:15:06]. SPEAKER 2: [Unintelligible - 00:15:06] But it took at least half an hour, 45 minutes with a detour to [unintelligible - 00:15:14] with stops for the general public. But, if you have to go everyday to school like that, you have to have a subscription to the bus and you have to come up every month with the money to pay for this transportation, plus the books were expensive. The books that you buy are dictionaries, textbooks. And I remember, I still have some of my old textbooks. The paper on which they were printed was so flimsy and the margins almost nonexistent because they tried to cram as much print as possible in the fewest number of pages. But, anyway, I know that my mother, whenever we needed to buy a textbook and we didn't have the money, she'd have to go around and beg, borrow, steal, as they say, for money for me to buy these books so we could continue our education. So, when we finally decided that I would come to the States and the idea was, "Well, should I go to work or should I continue with my education, knowing I have done reasonably well in school and that my family has invested all this money and effort in my ongoing education?" And of course, my father at that time was not in the best of health and my relatives were pointing out you know, "He's young. He's strong. He can get a job and get relatively good money coming right away. 9 Whereas, if you decide that he should go to school, first of all, he'd have to learn English, second, you have no income for him, third, you have to provide him with decent clothes and food. So that's going to be, instead of a plus, a drain on the family." But…/AT/mb

In the agricultural sector, risks are inherent and ubiquitous, posing potentially serious consequences for stakeholders and consumers. Risks disrupt supply chains, causing extensive financial and economic losses. Agricultural risks are also the principal cause of transient food insecurity, creating a poverty trap for millions of households across the developing world that enforces a vicious cycle of shock and recovery. Climate change is exacerbating this cycle by shifting the frequency and intensity of weather related risks and increasing uncertainty. Effective agricultural risk management (ARM) is crucial to increasing economic growth, improving food security, and reducing poverty. Although levels of risk vary within and between countries, lower-income and highly agriculture-dependent countries are more vulnerable to agriculture-related risks. In these countries, there is an urgent need to better assess risks, understand the interconnections between different types of risk, and improve agricultural risk management strategies.

This paper explores the economic impacts of two related tracks of China's expected transformation—economic slowdown and rebalancing away from investment toward consumption—and estimates the spillovers for the rest of the world, with a special focus on Sub-Saharan African countries. The paper finds that an average annual slowdown of gross domestic product in China of 1 percent over 2016–30 is expected to result in a decline of gross domestic product in Sub-Saharan Africa by 1.1 percent and globally by 0.6 percent relative to the past trends scenario by 2030. However, if China's transformation also entails substantial rebalancing, the negative income effects of the economic slowdown could be offset by the positive changes brought along by rebalancing through higher overall imports by China and positive terms of trade effects for its trading partners. If global supply responds positively to the shifts in relative prices and the new sources of consumer demand from China, a substantial rebalancing in China could have an overall favorable impact on the global economy. Economic growth could turn positive and higher on average, by 6 percent in Sub-Saharan Africa and 5.5 percent globally, as compared with the past trends scenario. Finally, rebalancing reduces the prevalence of poverty in Sub-Saharan Africa compared with the isolated negative effects of China's slowdown, which slightly increase the incidence of poverty. Overall, China's slowdown and rebalancing combined are estimated to increase gross domestic product in Sub-Saharan Africa by 4.7 percent by 2030 and reduce poverty, but the extent of this varies by country.

Using household data from the Russian Longitudinal Monitoring Survey, this paper assesses how aging affects saving. To overcome a systematic bias against the life-cycle hypothesis of survey data, the paper estimates how the age profile of saving changes when the micro data are corrected to account for the contribution to pensions (as additional saving) and receipt of benefits from pensions (as dissaving). With these corrections, the Russian data support the life-cycle hypothesis. A small decline in the aggregate saving rate, because of aging, can thus be expected. However, since aggregate saving rates result from a combination of age and cohort effects, this decline may not be significant. When extrapolating the rising trends of the cohort effect, the fact that younger generations are earning and saving more than older generation at the same age, the projection shows a growing aggregate saving rate. The changes in saving of future cohorts, for example because of changes in the growth rate of the economy, can affect the aggregate saving rate even more than aging.

How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. This puzzle is addressed in the framework of an emerging economy model in which households face shocks to trend growth rate, and a fraction of them are financially constrained, with no access to financial services. Unconstrained households can respond to shocks to trend growth by raising current consumption more than the rise in current income. Financial reform increases the share of such households, leading to greater relative consumption volatility. Calibration of the model for pre- and post-financial reform in India provides support for the model's key predictions.

While the microfinance sector is extensively used in Mali (about 1 million members often based in rural areas), the sector has experienced a major crisis for over six years. The clean-up of the microfinance remains the most pressing priority for the Malian authorities and the adoption of the emergency plan for the microfinance sector is a key milestone to cleaning up the sector. While the plan addresses the main issues (restructuring or liquidation not viable MFIs; depositors indemnization mechanism; consolidation of active MFIs; reform and strengthening of the national supervisory body), but the implementation remains very challenging in a context of fiscal tightening and donor's reluctance to intervene. It is only the Government of Mali that can restore confidence in the sector, and only by undertaking the recommendations highlighted in the emergency plan. One of the most sensitive issues will be to manage the liquidation of a few important distressed institutions together with the indemnization of their depositors.

Using highly disaggregated firm-level customs transaction data for imports and exports in Peru over the 2000–2012 period, this paper explores the relationship between imports of intermediate inputs and firm export performance. The paper shows that greater use, variety, and quality of imported intermediate inputs is significantly correlated with higher exports, faster export growth, greater diversification of export markets, and higher quality exports (as measured by relative unit prices) at the firm level. This relationship is robust and persistent to controls for unobserved firm heterogeneity and year fixed effects. The use of imported inputs is also associated with higher productivity at the firm level. Considering the relationship between specific trade policy measures and the import performance of those exporters that are direct importers, the analysis shows that those exposed to higher tariffs and nontariff measures import less in total and exhibit lower import variety. The use of the advanced clearance procedure as the modality to clear customs for imports is favorable to the import performance of exporter-importers, in that the users of the modality import more and import a more diversified bundle of inputs than those that do not use it, even after controlling for firm size.