| Commodity risk management. Price and weather risk | | | | administration addresses the state's role in |
| management insurance provide farmers and | | | | establishing secure property rights, well-functioning |
| institutions in developing countries better tools to | | | | land markets, the social and economic costs of highly |
| manage exposure to price and weather fluctuations | | | | unequal land distribution, and the appropriate |
| and potentially expand access to credit. Pilots are | | | | regulatory environment for effectively dealing with |
| underway in India, Tanzania, Malawi, Ethiopia, Thailand, | | | | land. Since FY01, the Bank has created a significant |
| Nicaragua and Honduras and are under development | | | | body of research on land administration and reform, |
| in Kenya, Madagascar, Vietnam, and Bangladesh. | | | | and it has invested just over $1 billion through 74 |
| Community driven development (CDD). In contrast to | | | | projects. |
| past top-down development approaches, CDD puts | | | | Investing in core public goods in rural areas. These |
| the poor "in the driver's seat" of development, | | | | investments contribute to the overall well-being, |
| creating organizations that can demand services and | | | | productive capacity, and economic potential of the |
| accountability from governments, NGOs, the private | | | | rural population. Reflecting this importance and the |
| sector, and donors. Agriculture and rural development | | | | multi-sector nature of rural development, 30 percent |
| is the largest user of the CDD approach, with around | | | | of lending in rural areas financed infrastructure |
| $2 billion in rural investment through 96 projects in | | | | investments, 20 percent financed social sectors, and |
| FY06. | | | | 19 percent financed law, justice, and public |
| Securing access to land. The Bank's work on land | | | | administration. |