How To Understand The Financial Situation Of The Bank
|
|
- Aubrey Cox
- 3 years ago
- Views:
Transcription
1 2 IBRD/IDA Trust Funds Overall Trends For IBRD/IDA trust funds (IBRD/IDA TFs), the Bank is normally responsible for financial management as well as programmatic functions, including exercising oversight over the operational use of the funds. The larger part of the IBRD/IDA TF portfolio consists of recipient-executed trust funds (RETFs), under which funds are provided to the recipient under a Grant Agreement with the Bank. 12 Most RETFs provide financing to projects carried out by recipient country agencies, including nongovernment entities, and normally supervised by the Bank. In addition, IBRD/ IDA also administers a relatively small share of trust funds that help client countries service their debt repayments and other obligations. Trust funds used in support of the Bank s work program Bank-executed trust funds (BETFs) typically finance the expenses incurred by the Bank to deliver such things as technical assistance to client countries, policy and research studies, implementation support, and global knowledge products. Many IBRD/IDA TFs support both Bank and recipient-executed activities. 13 Whether a grant is a BETF or RETF is determined when funds are allocated to particular projects and activities, rather than when the donor contributions are received. Cash contributions and disbursement levels for IBRD/IDA TFs have doubled over the past five years (see Figure 6). Contributions grew at an average annual rate of 16 percent and disbursements at an average annual rate of 18 percent. Figure 6. IBRD/IDA Trust Funds: Annual Cash Contributions, Disbursements, and Grant Commitments (US$ billions) 5 4 US$ billions FY6 FY7 FY8 FY9 FY1 Cash contribution Commitments Disbursements Note: Commitment refers to the amount of financing approved for projects at the disbursing grant level. 12 Under the new reporting framework, carbon funds are classified as RETFs. Instead of Grant Agreements, Emission Reduction Purchases Agreements are used for carbon fund grants. 13 Such a trust fund was referred to as a hybrid trust fund in the 29 Trust Fund Annual Report. 21 Trust Fund Annual Report 13
2 RETFs have provided significant support to the World Bank s work in fragile states. The US$4.3 billion in cash contributions directed to IBRD/IDA TFs in FY1 represented a 19 percent increase over the FY9 level. 14 In FY1, the United Kingdom was the largest contributor to IBRD/IDA TFs, followed by Spain (see Figure 7). Between FY6 and FY1, the five largest donors the United Kingdom, European Commission, the Netherlands, Canada, and Spain together accounted for 56 percent of total cash contributions. Figure 7. Top 1 Donors to IBRD/IDA Trust Funds in FY1 (US$ millions) US$ millions United Kingdom Spain United States European Commission Canada Netherlands Norway Australia Sweden Germany 14 Carbon funds, IBRD/IDA debt service trust funds, and secretariat expenses and administration costs associated with FIFs, which were all previously reported as FIFs, are now classified as IBRD/IDA TFs in the new typology structure. In addition, Bank trust fund transfers to IFC and MIGA s trust funds are also now classified as IBRD/IDA TFs. Accordingly, the level of cash contributions for IBRD/IDA TFs in FY9 using the new typology amounted to US$3.6 billion, instead of the US$3.2 billion previously reported for FY9. 14
3 In FY1, 129 new IBRD/IDA TFs were established. The top five in terms of signed donor commitments were the EU Food Crisis Rapid Response Facility (US$144 million), Bank-Netherlands Partnership Program Renewal (US$121 million), Multidonor Trust Fund for Climate Change Program in the People s Republic of Bangladesh (US$97 million), Regional Power Infrastructure Projects in Southern Africa (US$87 million), and Rapid Social Response Multidonor Trust Fund (US$59 million). FY1 disbursements of US$3.7 billion from IBRD/IDA TFs represented a 2 percent increase from FY9. 15 Of total disbursements, 74 percent were from multidonor trust funds (MDTFs). RETF disbursements in FY1 remained relatively stable at about US$3.1 billion, while those from BETFs increased by 22 percent to US$56 million from US$46 million in FY9. In FY1, as in previous years, the majority of IBRD/IDA TFs disbursement (nearly 7 percent in FY1) was deployed through a programmatic approach. Unlike non-programmatic or free-standing trust funds, which typically finance a predetermined project or set of activities, programmatic trust funds are disbursed in two stages. In the first stage, donors commit funds on the basis of an agreed broad strategic development objective to be pursued through a program of activities over multiple years; and in the second stage, funding is assigned to specific activities (i.e., projects) in accordance with the agreed criteria and governance arrangements. The programmatic approach provides longer-term financing while allowing for flexibility in the selection of projects and creating opportunities for donors and stakeholders to participate in setting strategic priorities. Between FY6 and FY1, nearly 6 percent of total disbursements from IBRD/IDA TFs were attributable to 2 programs. The Afghanistan Reconstruction Trust Fund (ARTF) accounted for the largest share of disbursements, disbursing US$2.4 billion, or 16 percent of total disbursements during the period. Other programs that accounted for large disbursements during the last five years were the Global Environ- 15 Using the new typology, disbursements from IBRD/IDA TFs in FY9 amounted to US$3.62 billion, compared to the US$3.2 billion previously reported. 21 Trust Fund Annual Report 15
4 ment Facility (with IBRD as implementing agency), Education for All-Fast Track Initiative (EFA-FTI), carbon funds, and the MDTFs for Sudan, Aceh, and West Bank and Gaza. The trust fund programs that disbursed the most during FY1 were the ARTF (US$435 million), EFA-FTI (US$262 million), and the MDTFs for North and South Sudan (US$222 million). Use of Funds Recipient-executed Trust Funds As part of the Bank s trust fund management framework, the Bank has promoted mainstreaming IBRD/IDA trust-funded projects and activities into the Bank s normal business practices. Accordingly, RETF grants are increasingly being processed according to IBRD/IDA operational procedures from their inclusion in Country Assistance Strategies to the application of Bank fiduciary and safeguard policies, risk assessment, and performance monitoring and reporting systems, among others. RETF grants are often extended to Bank borrowers for the purpose of co-financing IBRD/IDA-funded projects, investments, and institutional capacitybuilding initiatives. Project-related financing is also provided through carbon funds through the purchase of carbon credits. RETFs are an attractive source of financing for low-income countries, and an increasing share has flowed into IDA countries, especially in Africa. In FY1, about 6 percent of RETF project grants were extended to IDA countries, 23 percent to IBRD countries, and the balance to regional or global institutions. RETFs are often the main financing instrument available to finance investment and technical assistance projects in fragile and conflict-affected areas (see Figure 8). They have provided significant support to the World Bank s work in such fragile states as Afghanistan, Iraq, Kosovo, Southern Sudan, Timor Leste, and West Bank and Gaza. RETF flows to fragile states have increased from just over US$63 million in FY5 to US$1.2 billion in FY1, and they accounted Figure 8. Annual RETF Disbursements in Fragile States, FY6-FY1 (in US$ millions and as percent of total RETF disbursements) 15 5% 12 4% US$ millions 9 6 3% 2% 3 1% FY6 FY7 FY8 FY9 FY1 Afghanistan Other Fragile States Percentage of RETFs Note: The annual disbursement level is based on the set of countries designated as fragile states for the reporting year. 16
5 for 39 percent of total RETF disbursements during FY1. RETFs have also reinforced the World Bank s ability to respond to natural disasters, in circumstances ranging from earthquakes (Pakistan and Indonesia) through tsunamis (Aceh in Indonesia, and Samoa) to hurricanes, flood, and drought. Between FY6 and FY8, RETF disbursements nearly doubled, and their share of the Bank s total project financing grew from less than 7 percent to 12 percent. However, as the Bank responded to the food and financial crises in FY9 and FY1, disbursements from IBRD loans and IDA credits/grants surged; as a result, the relative share of RETFs fell back to less than 7 percent by FY1 (see Figure 9). Figure 9. Annual Disbursements from IBRD, IDA, and RETFs, FY6 FY1 (US$ billions) 5 4 US$ billions FY6 FY7 FY8 FY9 FY1 RETF disbursements as percentage of total IBRD, IDA, and RETF disbursements IBRD IDA RETFs BETFs play an important role in moving the World Bank s expanding knowledge agenda. 21 Trust Fund Annual Report 17
6 Among the Bank s Regions, the Sub-Saharan Africa Region continued to be the largest beneficiary of RETFs in FY1, followed by East Asia and Pacific, South Asia, and Middle East and North Africa (see Figure 1). Figure 1. Regional Share of RETF Disbursements for FY1 In FY1, as in FY9, three sectors dominated the use of RETFs: public administration and law, education, and health and social services (see Figure 11). Figure 11. Sector Allocation of RETF Disbursements for FY1 Global 3% 17% South Asia Africa 32% 14% Middle East and North Africa 2% East Asia and Pacific 9% 5% Europe and Central Asia Latin America and the Caribbean Others Industry and trade 7% 2% Water and sanitation 7% Transportation Energy and mining 6% 4% Health and social services 13% Agriculture 1% 2% Finance 17% Education 32% Public admin and law Box 1. Examples of RETF Initiatives Caribbean Catastrophe Risk Insurance Facility. At the request of a group of Caribbean governments, in 27 the World Bank and other partners established the Caribbean Catastrophe Risk Insurance Facility (CCRIF), the world s first regional insurance fund. The CCRIF offers index-based insurance insurance under which payouts are based on an objective, local index (such as one tracking earthquake data or hurricane wind speeds) that serves as a proxy for actual loss. Donors provided start-up funds, and the Bank later arranged a US$2 million reinsurance cat swap that transferred a portion of risk to capital markets. By pooling risks, the 16 member countries have saved about 4 percent compared to the premium costs they would have incurred if they had negotiated individually on commercial markets. Because the insurer does not need to tally the damage after a catastrophe, payouts are immediate: for example, after the January 21 earthquake, CCRIF made a US$7.75 million payment to Haiti. Japan Social Development Fund. Since 2, the Government of Japan has provided close to US$5 million that has resulted in the allocation of US$422 million worth of grants in support of community-driven development and poverty reduction projects aimed at empowering the poorest and most vulnerable people. The Japan Social Development Fund (JSDF) supports exceptionally disadvantaged groups, providing grants that give direct benefits to members of these groups, using innovative approaches, and aiming ultimately at enhancing the welfare and empowerment of group members. Unlike most Bank-financed projects, many JSDF grants are executed by nongovernmental organizations/civil society organizations and local governments, and are implemented at the community level using highly participatory approaches. Projects supported by the JSDF often complement other Bank projects and provide a test bed for innovations that are subsequently scaled up. 18
7 Bank-executed Trust Funds FY1 BETF disbursements of US$56 million were 55 percent higher than the FY6 level of US$36 million, representing an average annual growth rate of 16 percent. BETFs now account for about 18 percent of total expenditures by the Bank, up from 12 percent five years ago (see Figure 12). To enhance strategic alignment, quality assurance, and effective management of BETF-funded activities, the planning and use of BETFs are increasingly being integrated with the Bank s resource management and budget process. Figure 12. Total Bank Expenditures Funded by Bank Budget and BETFs, FY6 FY1 (US$ millions) 35 3 US$ millions FY6 FY7 FY8 FY9 FY1 BB BETF Note: Gross BB expenditure includes payments from external sources for services provided by the Bank. 21 Trust Fund Annual Report 19
8 BETFs contribute funding for the Bank s advisory work and knowledge agenda. They also finance global and regional partnership programs and associated program secretariats (e.g., the Water and Sanitation Program, the Energy Sector Management Assistance Program, and the Public-Private Infrastructure Facility). In FY1, major business areas that received BETF support were external partnerships and outreach (31 percent of BETF disbursements), technical assistance (17 percent), project supervision (1 percent), and country and economic sector work and knowledge management (8 percent each). BETFs play a significant role in moving the Bank s expanding knowledge agenda by underwriting the preparation of important research studies, policy papers, and technical reports as well as the dissemination of global knowledge and best practices. BETF grants continue to be a major source of funding for the Bank s technical assistance activities, accounting for 53 percent of total expenditures in FY6 and FY1. BETFs now fund over 4 percent of knowledge management work and 28 percent of economic and sector work, compared to 25 percent and 18 percent in FY6 (see Figure 13). BETF funding for external partnership activities doubled, accounting for 56 percent of total Bank expenditures in this area in FY1, compared to 47 percent in FY6. BETFs also contribute to the costs of preparing and supervising RETF grants supporting co-financing and stand-alone projects. During FY1, BETF support for project supervision activities accounted for 16 percent of total expenditures for these activities, double the 8 percent share posted in FY6. Figure 13. Selected Business Activities Funded from Bank Budget and BETFs in FY1 (in US$ millions and percentage share of BETFs) 35 16% 56% 3 35 US$ millions % 1% 28% 41% Supervision External partnership and outreach Technical assistance Lending Country economic and sector work Knowledge management BB BETF 2
9 Box 2. Examples of BETF Initiatives Water and Sanitation Program. In Tanzania, the Water and Sanitation Program (WSP) is supporting government efforts to improve the implementation and monitoring of rural sanitation programs. The Government of Tanzania cannot reliably report on the number of people that have gained access to improved sanitation facilities; it currently tracks only access to basic sanitation. WSP is supporting the government in redrafting definitions and performance indicators in line with the UNICEF/WHO Joint Monitoring definitions. This is a significant milestone, laying a foundation on which to build capacity at the village, ward, and district levels in monitoring and data collection. WSP also supported the government in rolling out a village registration system to collect data on nine key indicators, including access to improved sanitation. Joint government and donor missions and reviews on WSP s Scaling up Rural Sanitation Project experience in Tanzania have resulted in a budget of US$13 million for a national sanitation campaign led by the Ministry of Health and Social Welfare, which is planned to start in 211. (Source: WSP FY1 End of Year Report). The South-South Experience Exchange Facility. Launched in October 28, the South-South Experience Exchange Facility (SEETF) provides accessible, just-in-time funding to help developing countries share their knowledge and expertise and aims to further the World Bank s knowledge-sharing agenda by drawing directly upon the accumulated expertise of partner countries. As an example, India shared its IT experience with eight African countries via the New Economy Skills for Africa Program for Information and Communication Technologies grant. The Governments of Nigeria, Tanzania, Kenya, and Ghana are incorporating what they learned from India in implementing IT strategies in their countries. Kenya and Nigeria are moving ahead with skills development and certification programs, while Ghana and Tanzania are building critical IT infrastructure and information centers. India also benefited from the experience, as Indian firms that hosted the exchange are pursuing new investment opportunities in Africa s ICT sector through their new-found counterparts. 21 Trust Fund Annual Report 21
Development aid stable in 2014 but flows to poorest countries still falling. Detailed summary
OECD - Paris, 8 April 2015 Development aid stable in 2014 but flows to poorest countries still falling Key aid totals in 2014 Detailed summary In 2014, net official development assistance (ODA) flows from
More informationFinancial Management. of Donor Funds. Concessional Finance and Global Partnerships (CFP) The World Bank
Financial Management of Donor Funds Concessional Finance and Global Partnerships (CFP) The World Bank Contents The World Bank s Role in Financial Management of Donor Funds / 1 Financial Management in Practice
More informationClimate Investment Funds. December 1, 2008 1
December 1, 2008 1 Approved on July 1, 2008 September 26 pledging meeting 10 donor countries took part Currently 12 donors Approximately US$6.2 billion 2 Design Principles Partnership amongst the MDBs
More informationDevelopment aid in 2015 continues to grow despite costs for in-donor refugees
OECD Paris, 13 April 2016 Development aid in 2015 continues to grow despite costs for in-donor refugees 2015 Preliminary ODA Figures In 2015, net official development assistance (ODA) flows from member
More informationCCRIF: A Natural Catastrophe Risk Insurance Mechanism for Caribbean Nations
CCRIF: A Natural Catastrophe Risk Insurance Mechanism for Caribbean Nations Current knowledge, expertise and experience to support the work programme on loss and damage under the Cancún Adaptation Framework
More informationThe Role of Insurance in Adaptation Finance in the Caribbean
The Role of Insurance in Adaptation Finance in the Caribbean the CCRIF Experience Isaac Anthony, Chief Executive Officer Caribbean Catastrophe Risk Insurance Facility (CCRIF) Session 4 Mobilizing Private
More informationIFC s Work with Financial Intermediaries IFC FACT SHEET April 2015
IFC s Work with Financial Intermediaries IFC FACT SHEET April 2015 In the developing world 2.5 billion adults don't have a bank account and 200 million businesses lack access to credit. IFC and other multilateral
More informationSEVENTY-SIXTH MEETING WASHINGTON, DC OCTOBER
DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries) SEVENTY-SIXTH MEETING WASHINGTON, DC OCTOBER
More informationFROM BILLIONS TO TRILLIONS:
FROM BILLIONS TO TRILLIONS: MDB Contributions to Financing for Development In 2015, the international community is due to agree on a new set of comprehensive and universal sustainable development goals
More informationThe Current Portfolio and Implementation Lessons
ONGOING PROGRAM AND KEY LESSONS The Bank has had an active program in Albania for nearly two decades and a number of lessons have been learned over that period. The lessons have been divided into three
More informationIFC. Why Trade Finance matters for Trade. World Trade Organization Public Forum 2014
IFC Why Trade Finance matters for Trade World Trade Organization Public Forum 2014 IFC: a member of the World Bank Group IBRD IDA IFC MIGA ICSID International Bank for Reconstruction and Development International
More informationToward a Low-Carbon Economy: Renewable Energy and Energy Efficiency Portfolio Review
Toward a Low-Carbon Economy: Renewable Energy and Energy Efficiency Portfolio Review A number of factors are influencing the trend in World Bank Group support for renewable energy and energy efficiency.
More informationEducation for All An Achievable Vision
Education for All An Achievable Vision Education for All Education is a fundamental human right. It provides children, youth and adults with the power to reflect, make choices and enjoy a better life.
More informationSecured Transactions and Collateral Registries Program
Secured Transactions and Collateral Registries Program Access to Finance, IFC San Jose, Costa Rica, 18 septiembre, 2013 Alejandro Alvarez de la Campa Global Product Leader STCR OUTLINE 1. Definition of
More informationInsurance for Development
Insurance for Development Climate Change: An overview on the Peruvian experience Víctor Cárdenas Consultant Specialist in Catastrophe Risk Financing The history of development of El Niño Insurance In Dr.
More informationAnnual Report INSURING INVESTMENTS ENSURING OPPORTUNITIES
Annual Report INSURING INVESTMENTS ENSURING OPPORTUNITIES 20 15 MIGA s MISSION To promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people
More informationSustainable Recovery and Reconstruction Framework (SURRF)
Sustainable Recovery and Reconstruction Framework (SURRF) Presented by Iwan Gunawan, Sr. Disaster Management Adviser, Original Presentation by Saroj Kumar Jha Program Manager Global Facility for Disaster
More informationThe World Bank Group. World Bank and IMF: Differences. World Bank and IMF: Differences. What Does the World Bank Do?
The World Bank Group Axel Dreher Konjunkturforschungsstelle Swiss Institute for Business Cycle Research What is the World Bank? Founded in 1944, the Bank is the world s largest source of development assistance
More informationPROGRESS REPORT ON MAINSTREAMING DISASTER RISK MANAGEMENT IN WORLD BANK GROUP OPERATIONS
DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund On the Transfer of Real Resources to Developing Countries) DC2014-0003 March 25, 2014 PROGRESS REPORT
More informationKey Recommendations of CVF Regional Activities
Key Recommendations of CVF Regional Activities The Forum is currently meeting through regional-level activities since 2014, which produce recommendations in preparation for the UNFCCC Conference of Parties
More informationPhilanthropic Foundations Actual versus Potential Role in International Development Assistance 1
Philanthropic Foundations Actual versus Potential Role in International Development Assistance 1 The role of private philanthropic foundations in the international development agenda has been drawing significant
More informationII. Merchandise trade
II. Merchandise trade Merchandise trade increased by 5 per cent in volume in 211. The strongest momentum was achieved by trade in manufactured goods, which grew by.5 per cent. Key developments in 211:
More informationWORLD. Geographic Trend Report for GMAT Examinees
2011 WORLD Geographic Trend Report for GMAT Examinees WORLD Geographic Trend Report for GMAT Examinees The World Geographic Trend Report for GMAT Examinees identifies mobility trends among GMAT examinees
More informationIFAD s purpose. Where we work 1. How we work
IFAD at a glance IFAD s purpose The goal of the International Fund for Agricultural Development (IFAD) is to enable poor rural people to improve their food and nutrition security, increase their incomes
More informationProgram Brief. Public Sector Governance Program Capacity Enhancement and Learning
Program Brief Public Sector Governance Program Capacity Enhancement and Learning 1. Program Justification and Alignment Program Justification A well functioning public sector that delivers quality public
More informationMr. Chairman, Mr. President, distinguished Governors, ladies and gentlemen,
Statement by Mr. Jun AZUMI, Minister of Finance of Japan, at the Forty-Fifth Annual Meeting of the Board of Governors of the Asian Development Bank (Manila, Philippines, May 4, 2012) 1. Introduction Mr.
More informationBenjamin Petit for AFD. Agence Française de Développement
Benjamin Petit for AFD Agence Française de Développement AFD employs new development models to confront shared challenges In an increasingly interdependent world, developed and developing countries share
More informationFacilitating Remittances to Help Families and Small Businesses
G8 ACTION PLAN: APPLYING THE POWER OF ENTREPRENEURSHIP TO THE ERADICATION OF POVERTY The UN Commission on the Private Sector and Development has stressed that poverty alleviation requires a strong private
More informationIFC s Experience in Financing Airports Queen Alia Airport: A Case Study. Dubai, February 23, 2011
IFC s Experience in Financing Airports Queen Alia Airport: A Case Study Dubai, February 23, 2011 Content IFC An Overview IFC s Activities in Infrastructure, and IFC s Experience in Financing Airports Case
More informationThe Education for All Fast Track Initiative
The Education for All Fast Track Initiative Desmond Bermingham Introduction The Education for All Fast Track Initiative (FTI) is a global partnership to help low income countries to achieve the education
More informationNeeds of Countries in Special Situations:
Needs of Countries in Special Situations: African Countries, LDCs, LLDCs, and SIDS as well as Specific Challenges Facing the Middle Income Countries December 11, 2013 Mahmoud Mohieldin, President's Special
More informationThe Post Disaster Needs Assessment in Asia- Pacific: A Regional Overview
The Post Disaster Needs Assessment in Asia- Pacific: A Regional Overview 21 PDNAs conducted in the Asia-Pacific region Country Event Year Myanmar Flood 2015 Since 2005 48 PDNAs have been conducted in 40
More informationE-Government for Disaster Risk Management
Regional Training Workshop in Asia and the Pacific: Sustainable Development and Disaster Risk Management Using E-Government 25-27 March 2015 Songdo, Republic of Korea E-Government for Disaster Risk Management
More informationSecured Transactions and Collateral Registries Program
Secured Transactions and Collateral Registries Program Access to Finance, IFC Amman, Jordan, June 25, 2013 Alejandro Alvarez de la Campa Global Product Leader STCR OUTLINE 1. Definition of Secured Transactions
More informationWorld Bank and Its Associates
THE ECONOMIC WEEKLY World Bank and Its Associates Review of Operations, 1961-62 September 22, 1962 The World Bank can took back on its performance in 1961-62 with considerable satisfaction, Developmentassistance
More informationThe World Bank Group consists of five institutions
The World Bank Group WORKING FOR A WORLD FREE OF POVERTY The World Bank Group consists of five institutions the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation
More informationADS Chapter 219 Microenterprise Development
Microenterprise Development Document Quality Check Date: 02/08/2013 Partial Revision Date: 07/08/2011 Responsible Office: E3 File Name: 219_020813 Functional Series 200 Programming Policy Microenterprise
More informationFINANCING FROM NON-DONOR RESOURCES
Distribution: Limited GC 24/L.10 29 December 2000 Original: English Agenda Item 12 English IFAD Governing Council Twenty-Fourth Session Rome, 20-21 February 2001 FINANCING FROM NON-DONOR RESOURCES I. INTRODUCTION
More informationNOTE FROM THE PRESIDENT OF THE WORLD BANK
DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund On the Transfer of Real Resources to Developing Countries) INTERNATIONAL BANK FOR WORLD BANK RECONSTRUCTION
More informationConsultancy opportunities with IFC. Stefan Roos Sr Procurement Officer, Team Lead IFC Procurement Coordination Unit Dublin, June 19, 2012
Consultancy opportunities with IFC Stefan Roos Sr Procurement Officer, Team Lead IFC Procurement Coordination Unit Dublin, June 19, 2012 Importance of Partnerships to our Work IFC s partners include a
More informationJOINT MDB CLIMATE FINANCE TRACKING
JOINT MDB CLIMATE FINANCE TRACKING Jan-Willem van de Ven Senior Carbon Manager Consultation on Development and Climate Change OECD-CPI event, Warsaw, 19 November 2013 European Bank for Reconstruction and
More informationStop Conflict, Reduce Fragility and End Poverty: Doing Things Differently in Fragile and Conflict-affected Situations
Stop Conflict, Reduce Fragility and End Poverty: Doing Things Differently in Fragile and Conflict-affected Situations 1. One of the great development challenges of our time is to help countries affected
More informationOptimizing World Bank Group Resources and Supporting Infrastructure Financing 1
Optimizing World Bank Group Resources and Supporting Infrastructure Financing 1 At their meeting in February 2014, G20 Ministers of Finance and Central Bank Governors requested the World Bank Group (WBG)
More informationHow to Design and Update School Feeding Programs
CHAPTER 7 How to Design and Update School Feeding Programs Previous chapters highlight the need to improve the design of new school feeding programs and to revisit existing programs with a view toward
More informationInequality undermining education opportunities for millions of children
Inequality undermining education opportunities for millions of children UNESCO Press release No.2008-115 Paris, 25 November The failure of governments across the world to tackle deep and persistent inequalities
More information2. IFC s Global Trade Finance Program: Objectives and Design
2. IFC s Global Trade Finance Program: Objectives and Design Chapter Highlights IFC introduced its current trade finance model in FY05 to support the supply of trade finance to underserved clients globally.
More informationKyrgyz Republic: Women s Entrepreneurship Development Project
Kyrgyz Republic: Women s Entrepreneurship Development Project Project Name Project Number 46010-001 Country Project Status Project Type / Modality of Assistance Source of Funding / Amount Women s Entrepreneurship
More informationCandidate Brief. Governance Business Manager
Candidate Brief Governance Business Manager January 2016 Dear Candidate, Thank you for the interest you have shown in our position. The Governance Business Manager is a new position in the governance team
More informationInternational Development Association
International Development Association Management s Discussion & Analysis and Financial Statements June 30, 2014 INTERNATIONAL DEVELOPMENT ASSOCIATION MANAGEMENT S DISCUSSION AND ANALYSIS JUNE 30, 2014
More informationAssociated Programme on Flood Management: IFM HelpDesk, activities and outcomes
WMO Seminar on: Integrated flood risk management in Sweden How to achieve it? Stockholm, Sweden, 12 November 2013 Associated Programme on Flood Management: IFM HelpDesk, activities and outcomes G. Teruggi
More informationPacific Disaster Risk Financing and Insurance Program Increasing the financial resilience of small island states against natural disasters
Pacific Disaster Risk Financing and Insurance Program Increasing the financial resilience of small island states against natural disasters Olivier Mahul Program Manager, Disaster Risk Financing and Insurance
More informationJAMAICA. Agricultural Insurance: Scope and Limitations for Weather Risk Management. Diego Arias Economist. 18 June 2009
JAMAICA Agricultural Insurance: Scope and Limitations for Weather Risk Management Diego Arias Economist 18 June 2009 Financed partly by the AAACP EU Support to the Caribbean Agenda The global market Products
More informationRenewable Energy. IFC s Approach. September 2011
Renewable Energy IFC s Approach September 2011 Table of Contents IFC Who We Are, What We Do IFC and Renewable Energy Investment Experience and Deal Criteria Other IFC Products and Services 2 IFC Who We
More informationNGO resources for development
NGO resources for development www.devinit.org Factsheet 214 June Development Initiatives exists to end extreme poverty by 23 Understanding the resource landscape Private development assistance (PDA) is
More informationFollowing decades of instability and several natural disasters,
IDA at Work Nicaragua: Innovative Approaches Reach the Poor in Remote Rural Areas IDA is helping Nicaragua to scale-up its model interventions for tacking rural poverty Following decades of instability
More informationTHE ICSID CASELOAD STATISTICS (ISSUE 2016 1)
THE ICSID CASELOAD STATISTICS (ISSUE 06 ) The ICSID Caseload Statistics (Issue 06 ) This issue of the ICSID Caseload Statistics updates the profile of the ICSID caseload, historically and for the calendar
More informationMACROECONOMIC AND FISCAL ASSESSMENT
Public Sector Financial Management Program (RRP SAM 46384) A. BACKGROUND MACROECONOMIC AND FISCAL ASSESSMENT 1. Samoa is composed of about 10 islands, 4 inhabited, and several uninhabited islets situated
More informationGlobal Credit Bureau Status Report
Global Credit Bureau Status Report Peer Stein Head, Financial Infrastructure & Institution Building International Finance Corporation October 8-10, 2006 Private Credit Bureaus Continue to Grow 70 60 50
More informationAiding domestic revenue mobilisation
Briefing Aiding domestic revenue mobilisation www.devinit.org 06 April Development Initiatives exists to end extreme poverty by 030 Image credit: Martine Perret/UNMITugust 0 Summary Increasing domestic
More informationTHE ICSID CASELOAD STATISTICS (ISSUE 2015-1)
THE ICSID CASELOAD STATISTICS (ISSUE 05-) The ICSID Caseload Statistics (Issue 05-) This issue of the ICSID Caseload Statistics updates the profile of the ICSID caseload, historically and for the calendar
More informationImproving Development Results Through Excellence in Evaluation
Improving Development Results Through Excellence in Evaluation Because of Its Independence, IEG Has a Unique Role IEG is an independent unit within the World Bank Group. It reports directly to the Board
More informationOverview. Main Findings
This Report reflects the latest trends observed in the data published in June. Remittance Prices Worldwide is available at http://remittanceprices.worldbank.org Overview The Remittance Prices Worldwide*
More informationSouth East Europe and Caucasus Catastrophe Reinsurance Facility
South East Europe and Caucasus Catastrophe Reinsurance Facility By: Wael Zakout, Manager: Urban, Water and Disaster Management, Europe and Central Asia Region Background information The World Bank UNISDR
More informationSection 7. Terms of Reference
APPENDIX-A TERMS OF REFERENCE UNION-LEVEL TECHNICAL ASSISTANCE TO PROVIDE INSTITUTIONAL SUPPORT TO THE MYANMAR NATIONAL COMMUNITY DRIVEN DEVELOPMENT PROJECT I. INTRODUCTION IDA GRANT H814MM FY 2013-16
More informationReducing Poverty, Improving Lives
Reducing Poverty, Improving Lives Better Education for Children in Africa: IFC s Unique Combination of Investment and Advisory Services Shows Results The demand for education services is rising at a faster
More informationMANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS
MANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS Fiscal Year 2014 PROVEN TRACK RECORD 58 Years of profitable investments in emerging markets $67b $51.7b $15.3b $22.4b $17.3b $5.1b $1.5b Diversified
More informationFINANCIAL INCLUSION OF YOUTH
FINANCIAL INCLUSION OF YOUTH HIGHLIGHTS 2.5 billion - more than half of the world s working adults- are excluded from financial services. This is most acute among low-income populations in emerging and
More informationSCHOOLING FOR MILLIONS OF CHILDREN JEOPARDISED BY REDUCTIONS IN AID
Million SCHOOLING FOR MILLIONS OF CHILDREN JEOPARDISED BY REDUCTIONS IN AID UIS FACT SHEET JUNE 2013, No.25 This fact sheet, jointly released by the Education for All Global Monitoring Report and the UNESCO
More informationDEVELOPING WORLD HEALTH PARTNERSHIPS DIRECTORY
DEVELOPING WORLD HEALTH PARTNERSHIPS DIRECTORY OVER 250 HEALTH PARTNERSHIPS THAT MAKE A DIFFERENCE TO PEOPLE S LIVES The global health community needs to overcome both new and current challenges in the
More informationChart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other
Bank of Zambia us $ Million 1. INTRODUCTION This report shows Zambia s direction of merchandise trade for the fourth quarter of 2009 compared with the corresponding quarter in 2008. Revised 1 statistics,
More informationMicroinsurance as a social protection instrument
Microinsurance as a social protection instrument Protection from major risks for little money The lives of the poor in developing countries are characterized by constant economic insecurity. Most of them
More informationClimate Risk Adaptation and Insurance in the Caribbean
Project Brochure No. 2 Climate Risk Adaptation and Insurance in the Caribbean Providing Risk Management Tools to Help Vulnerable People Adapt to Weather Extremes Unlocking Development Potential in the
More informationOverview. Main Findings
This Report reflects the latest trends observed in the data published in March 2014. Remittance Prices Worldwide is available at http://remittanceprices.worldbank.org Overview The Remittance Prices Worldwide*
More informationInvesting in rural people in Indonesia
IFAD/Roger Arnold Investing in rural people in Indonesia Rural poverty in Indonesia Indonesia is the largest economy in South-East Asia and has progressed rapidly over the past decade into a dynamic, highly
More informationA more equitable world for children
unicef annual report 2012 SUMMARY In 2012, UNICEF delivered results for children through collaborative relationships with a broad range of partners, including governments, the multilateral system, civil
More informationOverview of the OECD work on transfer pricing
Overview of the OECD work on transfer pricing Written contribution to the Conference Alternative Methods of Taxation of Multinationals (13-14 June 2012, Helsinki, Finland) by Marlies de Ruiter, Head of
More informationCASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs
CASE STORY ON GENDER DIMENSION OF AID FOR TRADE Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs Banking on Women Pays Off Creating Opportunities for Women Entrepreneurs International
More informationIndia, The World Bank, and the International Development Architecture
India, The World Bank, and the International Development Architecture Ravi Kanbur www.kanbur.dyson.cornell.edu Presentation at Center for Global Development, May 15, 2013 Outline IDA Graduation India,
More informationTHE COMMODITY RISK MANAGEMENT GROUP WORLD BANK
THE COMMODITY RISK MANAGEMENT GROUP WORLD BANK Agricultural Insurance: Scope and Limitations for Rural Risk Management 5 March 2009 Agenda The global market Products Organisation of agricultural insurance
More informationUNDP Recovery Activities: Examples from Indonesia and Haiti
UNDP Recovery Activities: Examples from Indonesia and Haiti Hossein Sarem Kalali, UNDP The Second Expert Group Meeting on the Great East Japan Earthquake Learning from the Mega Tsunami Disaster 16 18 December
More informationI. World trade developments
I. World trade developments The value of world merchandise exports increased by 20 per cent in 2011 while exports of commercial services grew by 11 per cent. Key developments in 2011: a snapshot Trade
More informationCPA Roadshows Speaking Notes
CPA Roadshows Speaking Notes SLIDE 1 We are delighted to visit the [Insert name of school/university] here in [insert country name] along with colleagues from the [insert name of CPA Branch]. My name is
More informationCapacity Building Needs: Responses from the World Bank Group
Capacity Building Needs: Responses from the World Bank Group Carlos A. Primo Braga Director, Economic Policy and Debt Department The World Bank OECD November 2009 Outline 1. Why strengthening debt management?
More informationAFD AND THE PEFA METHODOLOGY APPLIED TO LOCAL AUTHORITIES
AFD AND THE PEFA METHODOLOGY APPLIED TO LOCAL AUTHORITIES Enhancing public financial management at local level Yaoundé AFD LOCAL AUTHORITIES: KEY ACTORS IN URBAN DEVELOPMENT POLICIES FOR AFD Rapid urbanization
More informationWhat Is the Total Public Spending on Education?
What Is the Total Public Spending on Education? Indicator On average, OECD countries devote 12.9% of total public expenditure to, but values for individual countries range from less than 10% in the Czech
More informationWORLD HEALTH ORGANIZATION
WORLD HEALTH ORGANIZATION FIFTY-SIXTH WORLD HEALTH ASSEMBLY A56/27 Provisional agenda item 14.18 24 April 2003 International Conference on Primary Health Care, Alma-Ata: twenty-fifth anniversary Report
More informationThe World Bank's Role in Enhancing Debt Management Capacity in Developing Countries and Tools Developed to that Effect
The World Bank's Role in Enhancing Debt Management Capacity in Developing Countries and Tools Developed to that Effect Elizabeth Currie Lead Financial Officer Financial Advisory and Banking May 27, 2013
More informationInformation Statement International Bank for Reconstruction and Development
Information Statement International Bank for Reconstruction and Development The International Bank for Reconstruction and Development (IBRD) intends from time to time to issue its notes and bonds with
More informationWealth Accounting and Valuation of Ecosystem Services (WAVES): a Global Partnership. Natural Capital Accounting for Sustainable Development
Wealth Accounting and Valuation of Ecosystem Services (WAVES): a Global Partnership Natural Capital Accounting for Sustainable Development WAVES Implementation and Funding Partnership Core Implementing
More informationAfrica Energy. Transformative Impact, Lessons Learned, and the Way Forward. Zayra Romo. Energy Unit - Africa Region World Bank November 2013
Africa Energy Transformative Impact, Lessons Learned, and the Way Forward Zayra Romo Energy Unit - Africa Region World Bank November 2013 Summary 1. Energy sector development is necessary to reduce poverty
More informationExecutive summary. Global Wage Report 2014 / 15 Wages and income inequality
Executive summary Global Wage Report 2014 / 15 Wages and income inequality Global Wage Report 2014/15 Wages and income inequality Executive summary INTERNATIONAL LABOUR OFFICE GENEVA Copyright International
More informationInternational Business Development Unit. Allanah Banning. Manager, International Business Development Unit. International Business Development Unit
Allanah Banning Manager, Who are we: The (IBDU) is a project management team that has been set up to bring together Griffith University s world class education and expertise to provide specialised extended
More informationTechnoServe. Strategic Plan 2013-2017 2 INTRODUCTION 4 WHO WE ARE 6 WHAT WE DO 8 WHERE WE WORK
TechnoServe Strategic Plan 2013-2 INTRODUCTION 4 WHO WE ARE 6 WHAT WE DO 8 WHERE WE WORK 10 OUR JOURNEY TO DATE 12 ON THE GROUND 16 STRATEGIC PRIORITIES Introduction TECHNOSERVE: STRATEGIC PLAN 2013-3
More informationNINETY-FIRST MEETING WASHINGTON, D.C. APRIL
DEVELOPMENT COMMITTEE (Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries) NINETY-FIRST MEETING WASHINGTON, D.C. APRIL
More informationWorld Bank Group Support to Electricity Access, FY2000-2014
VOLUME II Together for Energy: How Partnership Programs Support Energy Access World Bank Group Support to Electricity Access, FY2000-2014 AN INDEPENDENT EVALUATION World Bank Group Support to Electricity
More informationAllianz Reducing the risks of the poor through microinsurance
DEDICATED TO MAKING A DIFFERENCE World Business Council for Sustainable Development Case Study 2009 Allianz Reducing the risks of the poor through microinsurance The business case The Allianz Group has
More informationExploring innovative climate risk Autor: management solutions in the Caribbean. Dr Simon Young CEO, Caribbean Risk Managers Ltd
Exploring innovative climate risk management solutions in the Caribbean Dr Simon Young CEO, Caribbean Risk Managers Ltd Introduction Caribbean is highly climate-exposed so provides a good starting point
More informationPromoting Economic and Social Cohesion in Europe
Promoting Economic and Social Cohesion in Europe The EIB helps to deliver growth, jobs and cohesion in Europe by supporting the implementation of EU regional policy. Through a mixture of loans and advisory
More informationHow To Help The Poor
ICT in ADB Operations April 30th, 2014 Claudia Buentjen Principal Public Management Specialist Regional and Sustainable Development Department Seok Yong Yoon Senior Public Management Specialist (E-Governance)
More informationThe global economy in 2007
Introduction The global economy in 27 Global output grew 3.8 percent in 27, receding slightly from 4 percent in 26. The downturn was greatest in high-income economies, where growth fell from 3 percent
More information