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2 July, 2013 Mahmoud Mohieldin World Bank President’s Special Envoy

ECOSOC High-level policy dialogue with the international financial and trade institutions on current developments in the world economy . 2 July, 2013 Mahmoud Mohieldin World Bank President’s Special Envoy. Global growth is picking up. Quarterly GDP growth, annualized.

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2 July, 2013 Mahmoud Mohieldin World Bank President’s Special Envoy

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  1. ECOSOCHigh-level policy dialogue with the international financial and trade institutions on current developments in the world economy 2 July, 2013 Mahmoud Mohieldin World Bank President’s Special Envoy

  2. Global growth is picking up Quarterly GDP growth, annualized Source: World Bank, Global Economic Prospects.

  3. Growth to be constrained by capacity in many developing regions Annual GDP growth, % Source: World Bank, Global Economic Prospects 2013B.

  4. Commodity exporters at risk, if prices ease more quickly Oil prices decline to $80 by mid 2014 Metals prices decline by 20% by mid 2014 Impact, % of GDP Impact, % of GDP Source: World Bank, Global Economic Prospects.

  5. Millennium Development Goals… Source: Global Monitoring Report, 2013

  6. Millennium Development Goals….

  7. A two-pronged approach to supporting a post-2015 development framework Good policies and credible institutions to: Good policies and credible institutions enhance the impact of available resources and leverage additional resources from both domestic and foreign sources.

  8. Parameters to consider in the post-2015 financing framework What can developing countries do? What can the international community do? • Design targeted, evidence-based policies and support sound institutions • Generate more revenues • Ensure efficient public spending • Promote financial deepening and inclusion • Maximize the impact of ODA • Support new development partners • Leverage the private sector • Tap into new sources of finance • Deliver global public goods

  9. The official sector has a particularly important role to play in LICs and fragile states Source: Global Monitoring Report 2013, World Bank The classification of countries is the one used in the IMF‘s World Economic Outlook. Emerging market and developing countries are those countries that are not designated as advanced countries. Countries that are eligible for financial assistance under the IMF‘s Poverty Reduction and Growth Trust constitute a subset of emerging market and developing countries; these countries are denoted low-income countries although eligibility is based on other considerations in addition to income levels. Emerging market and developing countries that are not eligible for financial assistance under the Poverty Reduction and Growth Trust are designated as emerging market countries. Fragile states are countries included in the World Bank‘s list of Fragile and Conflict-Affected States as of early 2013.

  10. Thank you for your attention Mahmoud Mohieldin President’s Special Envoy The World Bank mmohieldin@worldbank.org

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