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Executive Council Thirty-Fourth Ordinary Session 7 – 8 February 2019 Addis Ababa, Ethiopia ; As a result of protracted armed conflict, Somalia remains as one of Sub-Saharan Africa's most underdeveloped county. Following the collapse of the central government in 1991, the country has been plagued with violent conflict and insurgency, extreme and widespread poverty, acute food shortage, and political instability, economic underdevelopment, and recurring natural disasters such as droughts and floods. Somalis to date lack: essential healthcare, education, food security, safe drinking water, hygiene and adequate sanitation, and have very limited employment and livelihood opportunities. The Federal Government of Somalia (FGS) and sub national tiers of government have meagre resources to meet the country's pressing needs.

Peng, Handa. ; "August 2011." ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2011. ; Includes bibliographical references (p. 81-83). ; Abstracts in English and Chinese. ; Abstract --- p.1 ; 摘要 --- p.2 ; Acknowledgements --- p.3 ; Introduction --- p.6 ; Chapter Section I --- Literature Review --- p.11 ; Theories on Sovereign Default --- p.11 ; Historical Case Studies on Sovereign Default --- p.15 ; Brief Summary on the Existing Theories and Empirical Cases --- p.16 ; Chapter Section II --- Historical Backgrounds --- p.21 ; Political Instability and Military Expenditures --- p.21 ; Fiscal Status during the rule of the Nanking Government --- p.22 ; Silver Standard and Currency Reform in 1935 --- p.26 ; Chapter Section III --- Sovereign Default and Restructuring Episodes of the Nanking Government --- p.29 ; Data --- p.29 ; Sovereign Debt as a Heritage --- p.30 ; Background Information of the Debts --- p.34 ; The Restructuring Episode --- p.37 ; Market Reactions --- p.42 ; Chapter Section IV --- Capital Market Access and Reputational Theories in the Restructuring Episode --- p.45 ; Access to the International Capital Market --- p.45 ; Relevance of the Traditional Reputational Model --- p.48 ; Signaling Model and Role of Reputation --- p.51 ; Chapter Section V --- Role of Sanctions in the Restructuring Episode --- p.57 ; Analytical Framework of the Sanctions Model --- p.57 ; Three Possible Channels of Direct Sanctions --- p.60 ; Chapter Section VI --- Informational Explanation of the Restructuring Episode --- p.64 ; A Practical Analytical Framework for the Informational Model --- p.64 ; Issue of Credibility and Currency Reform --- p.66 ; The Need for the Settlement of Old Debts --- p.68 ; Outcomes --- p.73 ; Summary --- p.77 ; Conclusion --- p.79 ; References --- p.81 ; Chapter Appendix I --- Basic information on Chinese sovereign bonds traded in the London Stock Exchange --- p.84 ; Chapter Appendix II --- Price of Chinese Sovereign Bonds traded in the London Stock Exchange --- p.86 ; Chapter Appendix III --- ...

China is now the lender of first resort for much of the developing world, but Beijing has fueled speculation among policymakers, scholars, and journalists by shrouding its grant-giving and lending activities in secrecy. Introducing a systematic and transparent method of tracking Chinese development projects around the world, this book explains Beijing's motives and analyzes the intended and unintended effects of its overseas investments. Whereas China almost exclusively provided aid during the twentieth century, its twenty-first century transition from 'benefactor' to 'banker' has had far-reaching impacts in low-income and middle-income countries that are not widely understood. Its use of debt rather than aid to bankroll big-ticket infrastructure projects creates new opportunities for developing countries to achieve rapid socio-economic gains, but it has also introduced major risks, such as corruption, political capture, and conflict. This book will be of interest to policymakers, students and scholars of international political economy, Chinese politics and foreign policy, economic development, and international relations.

Iraq's overall security situation has notably improved after the defeat of ISIS, but significant challenges lie ahead. Iraq has witnessed major political and security transitions in 2017 when Prime Minister Al-Abadi announced in December the victory over ISIS after a war that lasted three years. The defeat of ISIS in Iraq left the government with the daunting tasks of rebuilding the country's infrastructure, reconstruction of liberated areas, establishing security and stability,and providing services for the return of the displaced persons. On May 12, 2018 Iraq voted in parliamentary elections that delivered a win for a political bloc led by Moqtada al-Sadr, while PM Al-Abadi's bloc, once seen as front runner, came in third. The ballots have been recounted after allegations of fraud and completed on August 8th without major change. On September 15th, Iraq's parliament elected lawmaker Mohammed al-Halbousi as speaker, marking a major step towards establishing a new government. On October 2nd, Iraq's parliament elected as president Barham Salih,who immediately named Adel Abdul Mahdi Prime Minister-designate, ending months of deadlock afterthe national election in May.

Xu Zhi. ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2001. ; Includes bibliographical references (leaves 61-62 (2nd gp.)). ; Abstracts in English and Chinese. ; ABSTRACT --- p.II ; 中文摘要 --- p.V ; ACKNOWLEDGEMENT --- p.XI ; Chapter CHAPTER 1 --- INTRODUCTION --- p.1 ; Chapter CHAPTER 2 --- VALUE OR GROWTH STOCK? --- p.6 ; Chapter 2.1 --- Summary Statistics: Financial Ratios of h Shares --- p.7 ; Chapter 2.1.1 --- Profitability analysis --- p.7 ; Chapter 2.1.2 --- Debt Structure --- p.9 ; Chapter 2.1.3 --- Operational Management --- p.11 ; Chapter 2.2 --- Corporate Identity: Value or Growth Stock? --- p.11 ; Chapter 2.2.1 --- Are H Shares Value Stocks? --- p.12 ; Chapter 2.2.2 --- Are H Shares Growth Stocks? --- p.12 ; Chapter 2.3 --- Summary --- p.13 ; Chapter CHAPTER 3 --- THE METHODOLOGY OF EVENT STUDIES --- p.14 ; Chapter 3.1 --- Brief Outline of an Event Study --- p.15 ; Chapter 3.2 --- Issues on Event Studies --- p.17 ; Chapter 3.2.1 --- Unknown Event Dates --- p.17 ; Chapter 3.2.2 --- Which is the best benchmark model for the normal return? --- p.18 ; Chapter 3.2.3 --- Hypothesis testing and problems with heteroskedasticity and dependence --- p.21 ; Chapter 3.2.4 --- A multivariate regression model (MVRM) employed in the event study --- p.24 ; Chapter 3.2.5 --- Measuring long horizon security price performance --- p.26 ; Chapter 3.2.6 --- Use daily return or monthly return in event study? --- p.27 ; Chapter CHAPTER 4 --- ARE H SHARES WANTED: DEAD OR ALIVE? --- p.28 ; Chapter 4.1 --- Definitions of Events --- p.28 ; Chapter 4.2 --- Sample and Estimation Procedures --- p.30 ; Chapter 4.2.1 --- Sample Selection --- p.30 ; Chapter 4.2.2 --- Estimation Procedures --- p.30 ; Chapter 4.3 --- Empirical Results of Good and Bad Earnings Announcements --- p.31 ; Chapter 4.3.1 --- Short Term Effects on Securities Prices --- p.31 ; Chapter 4.3.2 --- Long Term Post-Earnings-Announcement Drifts --- p.34 ; Chapter 4.3.3 --- Regression Analysis --- p.35 ; Chapter 4.3.3.1 --- REGRESSION RESULTS FOR GOOD EARNINGS ...

The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Lebanon.

The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Lebanon continues to be impacted by the domestic political stalemate and regional turmoil, particularly along its border with Syria. Economic activity picked up in the second half of 2014. Stronger economic performance and lower oil prices pushed real GDP growth to an estimated 2.0 percent in 2014, compared to 0.9 percent in 2013. One-off cosmetic and unsustainable measures rather than policy actions helped improve the fiscal balance in 2014. We estimate the overall fiscal deficit to have declined by 2.3 percentage points. Declining imports lead an improvement in the current account balance. In 2014, a fall in merchandize imports induced a 4.4 pp reduction in the current account deficit to a still-elevated 22.2 percent of GDP. This trend is projected to continue in 2015 helped by falling oil prices and a depreciating euro, Headline inflation plummeted from 2.7 percent in 2013 to 1.9 percent in 2014 and is expected to remain tempered over the medium term. Lebanon s economy continues to be exposed to external shocks. The border with Syria is increasingly menacing as coordinated attacks by ISIS and Al Nusra are being launched more frequently from their bases in Syria. Inefficiencies in power generation impose sizable macroeconomic costs on Lebanon. The Lebanese electricity sector has been underperforming for decades with considerable socio-economic costs. The macroeconomic impact has been massive.

Preliminary Material /A. Layish -- Introduction One Tribal Arbitrators' Documents As A Source Of Legal History /A. Layish -- Introduction Two The Sedentary Bedouin Of The Judean Desert /A. Layish -- Introduction Three Tribal Judiciary And Customary Law /A. Layish -- Document One Submission, Tribal Award And Registration With Notary Public (1978) /A. Layish -- Document Two Murder with No Witnesses and Exculpatory Oath at al-Aqṣā Mosque (1954) /A. Layish -- Document Three Blood-Money Pact Reducing Tribal Liability (1966) /A. Layish -- Document Four Dissociation From Blood Group's Liability On Individual's Initiative (1963) /A. Layish -- Document Five Unintentional Vehicular Homicide And Reconciliation In The Presence Of A Qāḍī And A Muftī (1955) /A. Layish -- Document Six Unintentional Homicide Entailing Diya Muḥammadiyya (1975) /A. Layish -- Document Seven Diya Muḥammadiyya In The Presence Of A Sharʿī Qāḍī (1957) /A. Layish -- Document Eight An Eye For An Eye Or Monetary Compensation (1956) /A. Layish -- Document Nine Amputation Of The Hand Or Compensation Of One-Third Of A Diya Of A Person (1973) /A. Layish -- Document Ten Abduction, Marriage And Closure Of Criminal File (N.D.) /A. Layish -- Document Eleven Offense Against A Woman's Chastity Ṣā'iḥat Al-Ḍuḥā (1956) /A. Layish -- Document Twelve Cutting Down Trees, Damage To A Well, Etc. (1976) /A. Layish -- Document Thirteen Tribal Agreement On Regulations Relating To Corn Theft (1949) /A. Layish -- Document Fourteen Mukhtārs' Petition Concerning Shar'ī Marriage (N.D.) /A. Layish -- Document Fifteen Shar'ī Confirmation Of A Customary Marriage (1956) /A. Layish -- Document Sixteen Shar'ī Marriage Contract (1958) /A. Layish -- Document Seventeen Resort To Tribal Qāḍī Following The Harī'a Court's Failure To Solve A Dispute (1963) /A. Layish -- Document Eighteen Prompt Mahr Given To A Bride's Mother In Trust (1934) /A. Layish -- Document Nineteen Acknowledgment Of Mahr As Debt (1934) /A. Layish -- Document Twenty Agreement Between Brothers On Mobilizing Mahr Out Of The Estate (1957) /A. Layish -- Document Twenty-One Tribal Agreement On Mahr (1940) /A. Layish -- Document Twenty-Two Shar'ī Judgment Granting Maintenance (1964) /A. Layish -- Document Twenty-Three Bayt Shar'ī, Obedience And Divorce In The Sharī'a Court (1970) /A. Layish -- Document Twenty-Four Customary Khul': Compensation To Divorcing Husband On His Wife's Remarriage (1959) /A. Layish -- Document Twenty-Five Khul' Prior To Consummation To Be Effected In The Sharī'a Court (1966) /A. Layish -- Document Twenty-Six Consensual Divorce With Sureties To Be Effected In The Sharī'a Court (1974) /A. Layish -- Document Twenty-Seven Tribal Award Of Separation To Be Accomplished By Shar'ī Ṭalāq (1972) /A. Layish -- Document Twenty-Eight "Renunciation Divorce" On The Wife's Initiative In The Sharī'a Court (1962) /A. Layish -- Document Twenty-Nine Shar'ī Legal Opinion On Oath Of Suspended Divorce (N.D.) /A. Layish -- Document Thirty Agreement On Child's Custody And Maintenance (1979) /A. Layish -- Document Thirty-One Replacement Of Guardian Of Minors' Property By A Shar'ī Qāḍī (1904) /A. Layish.

The geo-economy presents Lebanon with challenges associated with being a nexus for regional fault lines and risks from its dependence on capital inflows. Despite markedly improved security conditions since the start of 2015, anxiety over regional turmoil and potential spillover effectspersist. All the while, Lebanon continues to be, by far, the largest host of Syrian refugees (in proportion to the population). In addition, the economy's dependence on its diaspora to finance internal and external imbalances exposes Lebanon to economic and political conditions beyond its influence. Despite these challenges and risks, the political process remains impaired with the vacant presidency completing its second year with uncertain prospects of a near-term resolution. On the other hand, a short-term solution has been found to the garbage crisis that has left piles of trash uncollected on the streets across the country since summer 2015. The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development.