TAILIEUCHUNG - THE WORLD BANK - PRINCIPLES AND GUIDELINES FOR EFFECTIVE INSOLVENCY AND CREDITOR RIGHTS SYSTEMS

This paper analyses the root causes of rural outmigration, focusing on its economic and social implications. It takes as its starting point the fact that mobility is inherent in human existence. Livelihoods and sociocultural changes are intimately connected with population movements. To understand present and fast-developing trends in human mobility, we examine the origins of migratory movements and discern how such transformations actually affect the natural resource base, as well as how they shape livelihoods and socio-economic/cultural coexistence. The main body of the paper presents an overview of migration and remittance flows, the role of financial institutions in leveraging remittances and the role of the diaspora in the development of communities of origin. Finally, the paper. | THE WORLD BANK Principles and Guidelines for Effective insolvency and Creditor Rights Systems April 2001 Effective insolvency and creditor rights systems are an important element of financial system stability. The Bank accordingly has been working with partner organizations to develop principles on insolvency and creditor rights systems. Those principles will be used to guide system reform and benchmarking in developing countries. The Principles and Guidelines are a distillation of international best practice on design aspects of these systems emphasizing contextual integrated solutions and the policy choices involved in developing those solutions. While the insolvency principles focus on corporate insolvency substantial progress has been made in identifying issues relevant to developing principles for bank and systemic insolvency areas in which the Bank and the Fund as well as other international organizations will continue to collaborate in the coming months. These issues are discussed in more detail in the annexes to the paper. The Principles and Guidelines will be used in a series of experimental country assessments in connection with the program to develop Reports on the Observance of Standards and Codes ROSC using a common template based on the principles. In addition the Bank is collaborating with UNCITRAL and other institutions to develop a more elaborate set of implementational guidelines based on the principles. If you have questions regarding the Principles and Guidelines or the ROSC program please contact Gordon W Johnson Lead Counsel World Bank Tel 1 202-473-0129 fax 1 202-522-1592 email gjohnson@. The World Bank THE WORLD BANK Principles and Guidelines for Effective insolvency and Creditor Rights Systems April 2001 Contents introduction and executive The 1. ROLE OF enforcement systems Principle 1 .13 2. legal framework for creditor Enforcement of Unsecured rights Principle 2 .18 Security interest .

• Ngân hàng - Tín dụng
• Regional Synthesis
• Regional Synthesis
• Sub Regional Overviews
• opportunities for development
• mproving Understanding
• environmental agreements
• Overview of resources
• Endowment and opportunities
• realizing opportunities
• altruist focused interventions
• ethically significant
• potential harms