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World Bank Group Overview Outline. The World Bank Group What the World Bank does The project cycle Country Office and Headquarters Resource allocation under IDA. The World Bank Group. The World Bank Group: 5 Institutions. Established 1956 179 Members.

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    Presentation Transcript
    1. World Bank Group

    2. Outline • The World Bank Group • What the World Bank does • The project cycle • Country Office and Headquarters • Resource allocation under IDA

    3. The World Bank Group

    4. The World Bank Group: 5 Institutions Established 1956 179 Members Established 1988 171 Members Established 1966 143 Members Total cases registered: 210 Established 1944 185 Members Established 1960 165 Members

    5. About IBRD: Market-Based Loans • Established 1944-45; Owned by 185 member countries • Lends to low and middle income countries • Funds mainly from borrowing on capital markets • Terms: Repayment over 15–20 years, generally with 3 to 5-year grace period • Sells bonds in international capital markets Web:

    6. About IDA: Credits to World’s Poorest Countries • Founded in 1960; Owned by 165 member countries • Lends to poorest countries. • Funded largely from wealthier government contributions, with additional funds from IBRD profits and repayments of earlier IDA credits • Credits carry no interest • Terms: Repayment over 35–40 years, with 10-year grace period Web:

    7. About IFC: Investing in the Private Sector • Established in 1956; Owned by 178 member countries • Lends to private sector • Works to develop capital markets; Lends and takes equity positions; Provides advisory services for privatization, project development and structuring • Loans carry market interest rates • Catalyst to other investors in the private sector • Sells bonds in international capital markets Web:

    8. About MIGA: Guarantees and Promotes Private Investment • Established in 1988 • Owned by 165 member countries • Provides advisory services to help governments attract private investment and disseminates information on investment opportunities Web:

    9. What the World Bank does

    10. What the World Bank Does Supports countries to implement a sustainable and inclusive economy and programs to raise the quality of people’s lives LEND FINANCIAL RESOURCES MANAGE MEMBERS’ TRUST FUND and GRANT RESOURCES TECHNICAL ASSISTANCE BORROW/SELL FINANCIAL RESOURCES Loans to Middle- income Economies [IBRD] Credits to Low- income Economies [IDA, 81 recipient countries] For definition of low and middle economies see Operational Policy 3.10 – updated every Year and country classification

    11. Bank’s Main Financing Instruments and Products • Investment Loans/Credits • Development Policy Lending Loans/Credits • Guarantees • Other (Non-lending) Products

    12. Financing Programs/ProjectsApproach to Development • Comprehensive Development Framework • Multi-Sectoral / Cross-Sectoral • Country Ownership [Poverty Reduction Strategies] • Partnering with other Organizations • Disclosure of Information • Accountability Mechanism/Public Recourse: Inspection Panel

    13. Six Strategic Themes • Helping to overcome poverty and spur sustainable growth • Especially in Africa • IDA: core financing instrument for the 81 poorest countries • Addressing problems of states coming out of conflict or seeking to avoid the breakdown of state • Diversified menu of development solutions for Middle-income Countries

    14. Fostering regional and global public goods that transcend national boundaries • Close cooperation with other agencies – WHO, UNEP, UNODC, WTO • Supporting advance development and opportunities in the middle east region • Continue to be a “brain trust” of applied experience

    15. The project cycle

    16. Project Cycle Bank and Borrower Bank Bank Borrower Borrower Bank Bank Bank Board

    17. Country Strategy • Work with a government and other stakeholders to determine how financial and other assistance can be designed to have the largest impact • After analytical work borrower and World Bank produce strategies and priorities for reducing poverty and improving living standards

    18. Project Identification • WB and government agree on initial project concept and its beneficiaries • WB project team outlines basic elements in Project Concept Note (+ Project Information Document and Integrated Safeguards Data Sheet)

    19. Project Preparation • Government responsible for the project preparation phase (feasibility studies and prepare engineering and technical designs) • Beneficiaries and stakeholders consulted • WB takes an advisory role and offers analysis and advice when requested • Screening for environmental or social impacts (and ESIA)

    20. Project Appraisal • Appraisal gives stakeholders opportunity to review the project design • Government and World Bank review the preparation • World Bank reviews project in light of consistency with its policies • assessment of the project's readiness for implementation and agreement on conditions for effectiveness

    21. Project Approval • After agreement on project, World Bank project team prepares Project Appraisal Document (for investment lending) or Program Document (for development policy lending), incl. legal documents • Submission to Board of Executive Directors for consideration and approval

    22. Implementation • Government implements project • Regular progress reporting and supervision • Fiduciary controls by World Bank experts • Mid –term review • Restructuring of project if necessary

    23. Completion • At project completion document results achieved, problems encountered, lessons learned • World Bank Implementation Completion and Results Report • Identification of additional government measures and capacity improvements

    24. Evaluation • World Bank Independent Evaluation Group assesses performance of roughly one project out of four • Measuring outcomes against the original objectives, sustainability of results and institutional development impact

    25. Country Office and Headquarters

    26. CO and HQ • World Bank is decentralizing • Currently for Africa: substantial number of staff decentralized. • However: Decision making only decentralized in limited areas • Looking forward: Further decentralization of decision making (but potential problems with cost, knowledge management, …)

    27. Resource allocation under IDA

    28. Resource allocation • IDA envelope given through donor contributions, repayment of (old) credits, and “profits” from IFC and IBRD • IDA allocated to countries by: base allocation, performance based allocation, and exceptions • IBRD enclave financing • Trust Funds

    29. Thank you