Water Supply & Sanitation Hydropower

Size: px
Start display at page:

Download "Water Supply & Sanitation Hydropower"

Transcription

1 The Role of the World Bank in a Changing Water World Water Supply & Sanitation Hydropower Jamal Saghir Director, Energy and Water World Bank Water Week March 2003

2 Outline of the presentation A changing water world The financing challenge The changing role of the World Bank This Water Week: Discussing the changing role of the World Bank

3 The external environment we deal with WSSD Johannesburg Summit Climate Change: UNFCC, Kyoto Protocol Water & the Poor World Commission on Dams Water The Millennium Development Goals The Argentina Crisis Post September 11 UN Conference on Financing for Development in Monterrey Collapse of private investment in developing world

4 A changing water world: Water high on the development agenda Millennium Development Goals WSSD in Johannesburg: Sanitation target Hydropower recognized as renewable 80% of decision makers saw water as key issue The way ahead Kyoto, March 2003: implementation Forum/ expected to be largest water gathering ever Evian, June 2003: G8 meeting with water on the agenda

5 The challenge of the MDGs for water supply & sanitation the numbers MDG & WSSD targets: Reducing by 1/2 the proportion of population without sustainable access to safe drinking water & sanitation % of countries on track to reach MDGs 100% 50% 0% # of new people with access to WSS per day -50% 400, , , ,000 0 water supply sanitation * *needed for MDG Primary school completion Child mortality HIV/AIDS prevalence Access to water Access to Sanitation Very Unlikely Unlikely Possible Very Likely No Data Reality check: ~ Less than 1 in 5 countries on track for WSS ~ Less than 1 in 10 low income countries on track ~ Proxy indicators proximity to hardware

6 A changing water world: The world WSS market Size of population centre # of population centres attractiveness most more medium less least high potential for private financing medium potential for private financing low potential for private financing Household &micro-financing Need for public investment

7 A changing water world: Development of economically-feasible hydropower potential 100 % of potential developed Europe North America Africa South America China Potential in million GWH/year Asia (excl China)

8 Outline of the presentation A changing water world The financing challenge The changing role of the World Bank This Water Week: Discussing the changing role of the World Bank

9 Reminder: water sector relies on public financing Public is dominant ~85% international domestic Domestic is dominant ~ 85% 20 0 public private Financing flows into water in 2000 (US$ Billions) Source: GWP Framework for Action

10 Investment Alone without reform will be ineffectual Ensure the most cost-effective use of resources Ensure allocation of resources to highest priority investment needs And.. Increase resource mobilization from all sources Investment needs per annum (B USD) 50 25?? Getting the enabling conditions right is first priority 0 present MDG needs wastewater treatment sanitation water supply

11 Global capital flows to emerging markets have dropped significantly since 1997 $300 $200 $100 Total net private flows FDI Capital markets $ Net long-term flows to developing countries, (US$ Billions) Source: The World Bank

12 Reasons NOT to invest in the water business 200% 150% 100% Financial autonomy 50% 0% Telecom Gas Power Water Degree of cost recovery

13 Moving beyond public-private debate It is about giving access to water & sanitation The public-private dichotomy is a bit false public service providers at a minimum use private suppliers and often outsource many functions private service providers rely on public support (tax holidays, subsidies) and are always subject to some form of public regulation The focus therefore, should be on efficient public-private partnerships, not on ideological debates

14 Individual country, regulatory and project risk matters more than ever Developing countries Asia and the Pacific China Africa LDC s Inflows Into Developing Countries ((US$ Billions) Source: UNCTAD Predictably, good projects in developing countries with large markets, strong growth potential and increasingly transparent legal and regulatory environments are preferred over others. With the downturn in investor appetite, other markets and opportunities are often not even being considered

15 Risks faced by investors in the water sector Currency risk Dollar debt and local currency earnings Regulatory risk Regulatory framework not implemented Payment/performance risk Government fails to pay amounts due Sub-sovereign risk Water investments are often at the sub-sovereign level Affordability risk Private operators and consumers will not do it all role of public investments and subsidies

16 After September 11, risk aversion in the market has further increased September 11, corporate bankruptcies have increased risk aversion Argentina fiasco Banks capital eroded Reduced number of strategic investors Reconsideration of portfolios in emerging markets Rating downgrades Reduced availability of private PRI

17 Despite (or perhaps because of) difficult conditions, we are seeing... New approaches to risk allocation and new risk instruments called upon and emerging greater sponsor (government) participation increased efforts to secure local currency (or expatriated) financing increased demand for risk insurance instruments reduced developer equity participation Increased activity of mid-market and South to South investors funds being formed, seeking operator expertise investors buying at steep discounts to original investments with less risk sophistication but often with greater local market savvy

18 Outline of the presentation A changing water world The financing challenge The changing role of the World Bank This Water Week: Discussing the changing role of the World Bank

19 The changing role of international partners The MDGs have raised expectations Countries define local goals & strategies ODA must adapt & respond to country goals Increased financing Focus resources to countries both ready and committed Attend to poverty pockets in midst of progress Adapt and respond to long term engagement Re-engage in high risk/high reward projects

20 ODA: Need for involvement in all stages of reform Long term engagement patience required! TA & policy dialogue lending High need nascent reform status Policies in right direction, local capacities uneven Policies in place/institution al readiness

21 Where we are: country level effort The Bank is currently supporting 106 countries in WSS: # of countries with Bank WSS support per region # of countries with Bank support dialogue vs lending MNA 22 SAR 7 AFR Policy dialogue only Policy dialogue & lending LAC ECA EAP Lending only

22 The changing role of the World Bank process up till now Water supply & sanitation high on the Bank s agenda: Corporate focus area Featured in Implementation Forum Together with health & education (service delivery MDGs) on agenda Spring Meetings WSS Business Strategy nearly ready Increased involvement in external dialogue

23 The changing role of the World Bank preliminary outcomes Need to scale up current efforts through: Increasing effectiveness of ongoing Bank support (ESW + dialogue + lending) Increasing the volume of effort (ESW + dialogue + lending) Changing focus to countries where potential for impact is highest Working across sectors Working with and through external partners

24 Where we are hydropower IBRD/IDA & Grant Comm Amt IBRD/IDA Commitment to large hydropower (Million USD) and number of projects Number of Projects

25 New instruments to leverage funding Combine public and private financing Smarter subsidies Output Based Aid Lending/guarantees at the sub-sovereign level Better contracts and bidding procedures Risk mitigation instruments Partial risk guarantees / Partial credit guarantees Political risk insurance Breach of contract coverage

26 Better contracts often more important than financial instruments Clear guidance to the regulator in contract Specify tariff formulas as much as feasible Clarify appeal process Fast track arbitration timeline Specified exit payments if no agreement can be reached Premium in bid evaluation if proposed financial structure minimize currency risk

27 Sub-sovereign level instruments Key risks in water are at the sub-sovereign level, not governmental Financing needs of municipalities near creditworthiness Recognize need for Government support in less than creditworthy but reforming municipalities

28 Where can risk mitigation instruments make a difference? Size of population centre # of population centres attractiveness most more medium less least Do not require risk mitigation ~ Adequately creditworthy Risk mitigation instruments could be effective: Near/marginally creditworthy & reforming Risk mitigation instrument will be ineffective: Non creditworthy and low performing

29 New instruments to leverage funding - So what to do? IFC, PRG and MIGA continue working with investors Bank working with governments to improve investment climate and governance Coordination among IFIs Output Based Aid to increase private involvement Reforms should facilitate local investors

30 Outline of the presentation A changing water world The changing role of international partners The changing role of the World Bank This Water Week: Discussing the changing role of the World Bank

31 Themes throughout the coming 3 days Sanitation and hygiene education WSS: Not one size fits all Working across sectors New approaches to hydropower New instruments to leverage funding

32 Sanitation & Hygiene education Session 2: Scaling up: How to reach the MDGs on sanitation? Session 9: Sanitation and hygiene Session 15: Wastewater reuse

33 Water supply & sanitation: Not one size fits all Session 3: beyond the public private debate Session 8: modes of public engagement Session 10: new approaches to PSP Session 5: scaling up sustainable RWS services Session 22: franchising

34 Working across sectors Session 17: The role of strategic communications in water reform Session 19: RWSS toolkit for multi-sector projects

35 New approaches for hydropower Session 4: High risk/high reward water projects Session 12: Involving stakeholder groups in assessing options for water & energy developments

36 Innovative financing instruments Session 7: Innovative approaches to subsovereign financing Session 25: Water and rural development financing WSS through budgetary support instruments Session 28: Financing of rural water supply and sanitation

37 Thank you!

Outline of Presentation. The challenge Beyond the Numbers

Outline of Presentation. The challenge Beyond the Numbers Outline of Presentation Private Sector Participation in Municipal Water Services in Central and Eastern Europe and Central Asia Jamal Saghir Director Energy and Water The World Bank Vienna 2-3 July, 23

More information

MULTILATERAL INVESTMENT GUARANTEE AGENCY WORLD BANK GROUP. Political Risk Considerations and Risk Mitigation

MULTILATERAL INVESTMENT GUARANTEE AGENCY WORLD BANK GROUP. Political Risk Considerations and Risk Mitigation I N S U R I N G I N V E S T M E N T S E N S U R I N G O P P O R T U N I T I E S Political Risk Considerations and Risk Mitigation May 12, 2005 George Washington University Who is MIGA? MIGA s guarantees

More information

Financing Asia s infrastructure gap: New ideas for the public and private sectors

Financing Asia s infrastructure gap: New ideas for the public and private sectors Financing Asia s infrastructure gap: New ideas for the public and private sectors Dr. Kevin Lu Regional Director, Asia Pacific Multilateral Investment Guarantee Agency World Bank Group Distinguished Fellow

More information

MOBILIZING PRIVATE FUNDS TO THE WATER SECTOR

MOBILIZING PRIVATE FUNDS TO THE WATER SECTOR MOBILIZING PRIVATE FUNDS TO THE WATER SECTOR Mr. OSAMU MURATA Chief Representative Manila Representative Office Japan Bank for International Cooperation Forth World Water Forum March 19, 2006, Mexico City

More information

FROM BILLIONS TO TRILLIONS:

FROM BILLIONS TO TRILLIONS: 98023 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

More information

Private Participation in Infrastructure: Lessons Learned. Mobilizing Private Capital and Management into Infrastructure Development

Private Participation in Infrastructure: Lessons Learned. Mobilizing Private Capital and Management into Infrastructure Development Private Participation in Infrastructure: Lessons Learned Mobilizing Private Capital and Management into Infrastructure Development Enhancing the Investment Climate: The Case for Infrastructure OECD Global

More information

Table of Recommendations

Table of Recommendations Table of Recommendations This table of recommendations provides a series of suggestions to help close the implementation gaps identified by the MDG Gap Task Force Report 2012, entitled The Global Partnership

More information

The Sustainable Development Commitments Mobilizing Resources for Implementing the SDGs Anne Bakilana Program Leader World Bank Group

The Sustainable Development Commitments Mobilizing Resources for Implementing the SDGs Anne Bakilana Program Leader World Bank Group The Sustainable Development Commitments Mobilizing Resources for Implementing the SDGs Anne Bakilana Program Leader World Bank Group @wbg2030 worldbank.org/sdgs Symposium on Governance for Implementing

More information

The Sustainable Development Goals

The Sustainable Development Goals The Sustainable Development Goals Reality & Prospects Mahmoud Mohieldin, Senior Vice President World Bank Group Mahmoud Mohieldin March 13 th, 2017 Global Context Global Economy GDP Growth (Percent) 5

More information

SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES

SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES SUBMISSION BY DENMARK AND THE EUROPEAN COMMISSION ON BEHALF OF THE EUROPEAN UNION AND ITS MEMBER STATES Bonn, 25 May 2012 Subject: EU Fast Start Finance Report Key Messages In accordance with developed

More information

EAP Task Force. EAP Task

EAP Task Force. EAP Task EAP Task Force EAP Task Force EAPP Task JOINT MEETING OF THE EAP TASK FORCE S GROUP OF SENIOR OFFICIALS ON THE REFORMS OF THE WATER SUPPLY AND SANITATION SECTOR IN EASTERN EUROPE, CAUCASUS AND CENTRAL

More information

MOBILIZATION OF FINANCIAL RESOURCES AND

MOBILIZATION OF FINANCIAL RESOURCES AND MOBILIZATION OF FINANCIAL RESOURCES AND THEIR EFFECTIVE USE FOR SUSTAINABLE DEVELOPMENT Special high-level meeting of ECOSOC with the World Bank, IMF, WTO and UNCTAD New York, April 14-15 2014 2 A FRAMEWORK

More information

FROM COMMITMENT TO DELIVERY. Catalyzing Resources for Development

FROM COMMITMENT TO DELIVERY. Catalyzing Resources for Development FROM COMMITMENT TO DELIVERY Catalyzing Resources for Development UNITAR Learning Conference 2 March, 2017 GLOBAL FRAMEWORKS FOR DEVELOPMENT: FROM MDGS TO SDGS MDGs (2000-2015) SDGs (2016-2030) Goals 8

More information

SWA 2017 HLM Preparatory Webinar on Financing. 7 and 8 February 2017

SWA 2017 HLM Preparatory Webinar on Financing. 7 and 8 February 2017 SWA 2017 HLM Preparatory Webinar on Financing 7 and 8 February 2017 Update on Sector Minister s Meeting Cindy Kushner, UNICEF SWA Webinar 7 and 8 February, 2017 The objectives of the SMM are: Raise awareness

More information

SAMOA S SMOOTH TRANSITION STRATEGY REPORT

SAMOA S SMOOTH TRANSITION STRATEGY REPORT SAMOA S SMOOTH TRANSITION STRATEGY REPORT 1 31 DECEMBER 2015 OVERALL ASSESSMENT OF THE TRANSITION PROCESS Background: Samoa graduated out of LDC status on 1 st January 2014. The Government decided that

More information

Meeting the Millennium Development Goals for water supply and sanitation: What will it take?

Meeting the Millennium Development Goals for water supply and sanitation: What will it take? Meeting the Millennium Development Goals for water supply and sanitation: What will it take? Jennifer Davis Department of Urban Studies & Planning Massachusetts Institute of Technology I. What are the

More information

The Role of the Public and Private Sector in Transport Infrastructure

The Role of the Public and Private Sector in Transport Infrastructure The Role of the Public and Private Sector in Transport Infrastructure Infrastructure Finance and the Challenges of Improving Transport Infrastructure and Services Transport Forum 2005 Washington DC, March

More information

The Water Sector and Development. Public Spending and Development Assistance in the Sector

The Water Sector and Development. Public Spending and Development Assistance in the Sector Water for Life: Implications for Developing Countries Danny M. Leipziger Vice President and Head of Network Poverty Reduction and Economic Management The World Bank Zaragoza, Spain June 30, 2008 Outline

More information

Capacity Building in Public Financial Management- Key Issues

Capacity Building in Public Financial Management- Key Issues Capacity Building in Public Financial Management- Key Issues Parminder Brar Financial Management Anchor The World Bank May 2, 2005 Overview 1. Definitions 2. Track record 3. Why is PFM capacity building

More information

2015 Development Policy Financing Retrospective: Preliminary Findings

2015 Development Policy Financing Retrospective: Preliminary Findings 2015 Development Policy Financing Retrospective: Preliminary Findings Purpose of this Consultation Meeting on the DPF Retrospective The 2015 Retrospective will focus on the Bank s experience with Development

More information

15889/10 PSJ/is 1 DG G

15889/10 PSJ/is 1 DG G COUNCIL OF THE EUROPEAN UNION Brussels, 9 November 2010 15889/10 ECOFIN 686 ENV 747 NOTE From: To: Subject: Council Secretariat Delegations EU Fast start finance Report for Cancun Delegations will find

More information

Special High-level Meeting of ECOSOC with the World Bank, IMF, WTO and UNCTAD

Special High-level Meeting of ECOSOC with the World Bank, IMF, WTO and UNCTAD Special High-level Meeting of ECOSOC with the World Bank, IMF, WTO and UNCTAD asdf Financing for Development (14 15 April 2014, UN Headquarters, New York) UNITED NATIONS Newsletter of FfDO/DESA Number

More information

COUNTRY LEVEL DIALOGUES KEY DOCUMENTS

COUNTRY LEVEL DIALOGUES KEY DOCUMENTS COUNTRY LEVEL DIALOGUES KEY DOCUMENTS EUWI European Union Water Initiative Africa-EU Strategic Partnership on Water Affairs and Sanitation Prepared by the Working Group on Water Supply and Sanitation in

More information

Conditionality and Policy Based Lending --Trends

Conditionality and Policy Based Lending --Trends World Bank Conditionality Review: Conditionality and Policy Based Lending --Trends Paris, February 4, 2005 Content 1. How much does the World Bank lend for policy-based programs? 2. How has the quality

More information

At its meeting on 12 December 2013, the Council (Foreign Affairs/Development) adopted the Conclusions set out in the Annex to this note.

At its meeting on 12 December 2013, the Council (Foreign Affairs/Development) adopted the Conclusions set out in the Annex to this note. COUNCIL OF THE EUROPEAN UNION Brussels, 12 December 2013 17553/13 DEVGEN 331 ENV 1185 ACP 204 ONU 131 RELEX 1146 FIN 934 OCDE 11 WTO 340 NOTE From: General Secretariat of the Council To: Delegations Subject:

More information

Financing Mechanisms and Reforms to Leverage Local Resources

Financing Mechanisms and Reforms to Leverage Local Resources Financing Mechanisms and Reforms to Leverage Local Resources Regional Workshop on Water Utilities Nairobi, December 2006 Meera Mehta, Consultant and Thomas Fugelsnes, Finance Specialist Water and Sanitation

More information

The World Bank and Trade: Looking Ahead Ten Years

The World Bank and Trade: Looking Ahead Ten Years Economic and Political Development Concentration School of International and Public Affairs Study Center Columbia University Program in International Finance and Economic Policy School of International

More information

A/HRC/17/37/Add.2. General Assembly. United Nations

A/HRC/17/37/Add.2. General Assembly. United Nations United Nations General Assembly Distr.: General 18 May 2011 A/HRC/17/37/Add.2 English only Human Rights Council Seventeenth session Agenda item 3 Promotion and protection of all human rights, civil, political,

More information

Changes in Development Finance in Asia: Trends, Challenges, and Policy Implications

Changes in Development Finance in Asia: Trends, Challenges, and Policy Implications February 8, 2012 Chula Global Network Chulalongkorn University, Bangkok, Thailand Changes in Development Finance in Asia: Trends, Challenges, and Policy Implications Toshiro Nishizawa Head, Country Credit

More information

Constraints and Opportunities for Growth in the LDCs: Research to Support Action

Constraints and Opportunities for Growth in the LDCs: Research to Support Action Constraints and Opportunities for Growth in the LDCs: Research to Support Action John S. Wilson Development Economics Research Group Trade and International Integration World Bank April 19, 2012 1 Outline

More information

Session 1: Trade and investment as a means of implementation of the Agenda 2030

Session 1: Trade and investment as a means of implementation of the Agenda 2030 REGIONAL WORKSHOP ON LEAST DEVELOPED COUNTRIES AND LEVERAGING TRADE AS A MEANS OF IMPLEMENTATION FOR THE 2030 AGENDA 2-4 AUGUST 2017, THIMPU, BHUTAN Session 1: Trade and investment as a means of implementation

More information

The World Bank Guarantees

The World Bank Guarantees The World Bank Guarantees Leveraging Private Finance for Emerging Markets Financial Solutions Unit Finance, Economics and Urban Development Department 1 Sustainable Development Network Vice-Presidency

More information

Workshop on PPP in Roads and Highways

Workshop on PPP in Roads and Highways Workshop on PPP in Roads and Highways Vickram Cuttaree, PPP-Coordinator, Europe & Central Asia Member of the Global Expert Team on PPP June 7, 2011 Agenda Rationale for PPP and International Experience

More information

WBG Infrastructure Response to the Crisis

WBG Infrastructure Response to the Crisis WBG Infrastructure Response to the Crisis BA April 2009 BANK FOR INTERNATIONAL WORLD BANK 1 DEVELOPMENT RECONSTRUCTION AND Outline I. Context and Background II. Infrastructure and the Crisis III.WBG Response

More information

Levelizing Expectations

Levelizing Expectations Levelizing Expectations Sungwoo Kim Regional Head of Climate Change & Sustainability in Asia Pacific, KPMG Table of Contents Global shift of investors [ 03 ] Major risks concerned [ 11 ] How to meet investors

More information

Investment and Financing of the ICT sector. Arab Conference on Industrial Information and Networks Tunis - May 23, 2005

Investment and Financing of the ICT sector. Arab Conference on Industrial Information and Networks Tunis - May 23, 2005 Investment and Financing of the ICT sector Arab Conference on Industrial Information and Networks Tunis - May 23, 2005 GICT Structure IFC Activities World Bank Units Global Communications Investment Portfolio

More information

United Nations Fourth Conference on Least Developed Countries. ISTANBUL ( 9 13 May 2011)

United Nations Fourth Conference on Least Developed Countries. ISTANBUL ( 9 13 May 2011) United Nations Fourth Conference on Least Developed Countries ISTANBUL ( 9 13 May 2011) Statement of the African, Caribbean and Pacific (ACP) Group of States At the outset, I would like to underscore that

More information

Infrastructure Financing in APEC Emerging Economies

Infrastructure Financing in APEC Emerging Economies 2017/FDM1/007 Session: 3 Infrastructure Financing in APEC Emerging Economies Purpose: Information Submitted by: World Bank Group Finance and Central Bank Deputies Meeting Nha Trang, Viet Nam 23-24 February

More information

Asia-Pacific region: FfD progress, issues and challenges, and proposed action. Mobilizing domestic financial resources for development

Asia-Pacific region: FfD progress, issues and challenges, and proposed action. Mobilizing domestic financial resources for development ESCAP note on the outcomes of regional consultations on the implementation in the Asia-Pacific region of the Monterrey Consensus on Financing for Development Pursuant to General Assembly resolution 62/187

More information

Mid-Term Review of the Hyogo Framework for Action

Mid-Term Review of the Hyogo Framework for Action Mid-Term Review of the Hyogo Framework for Action Letizia Rossano Senior Coordinator for the Mid-Term Review of the Hyogo Framework for Action UNISDR 1 Disaster Risk Reduction Reviews 1989: IDNDR 1990-1999

More information

Statement. H.E. Mr. Cheick Sidi Diarra

Statement. H.E. Mr. Cheick Sidi Diarra Please check against delivery Statement by H.E. Mr. Cheick Sidi Diarra Under-Secretary-General Special Adviser on Africa and High Representative for the Least Developed Countries, Landlocked Developing

More information

Indicator 6.a.1: Amount of water- and sanitation-related official development assistance that is part of a government-coordinated spending plan

Indicator 6.a.1: Amount of water- and sanitation-related official development assistance that is part of a government-coordinated spending plan Goal 6: Ensure availability and sustainable management of water and sanitation for all Target 6.a: By 2030, expand international cooperation and capacity-building support to developing countries in water-

More information

Regional multi-stakeholder consultations on Financing access to basic utilities for all (1)

Regional multi-stakeholder consultations on Financing access to basic utilities for all (1) Regional multi-stakeholder consultations on Financing access to basic utilities for all (organized by the Financing for Development Office/DESA and Friedrich Ebert Foundation) Regional multi-stakeholder

More information

Governance & Financing for the Mediterranean Water Sector Overview and findings from Jordan and Tunisia

Governance & Financing for the Mediterranean Water Sector Overview and findings from Jordan and Tunisia Governance & Financing for the Mediterranean Water Sector Overview and findings from Jordan and Tunisia International Conference on Public Private Partnerships in the water and sanitation sector: an exchange

More information

Sixteenth Plenary Session of the Committee for Development Policy. New York, March 2014

Sixteenth Plenary Session of the Committee for Development Policy. New York, March 2014 CDP2014/PLEN/8 Sixteenth Plenary Session of the Committee for Development Policy New York, 24 28 March 2014 Note by the government of Samoa on Samoa s smooth transition strategy 1 SAMOA S SMOOTH TRANSITION

More information

FDI and the Arab World. OECD Meeting in Istanbul February 11 th, 2004 Dr. Martin Berlin Chief Strategy Officer

FDI and the Arab World. OECD Meeting in Istanbul February 11 th, 2004 Dr. Martin Berlin Chief Strategy Officer FDI and the Arab World OECD Meeting in Istanbul February 11 th, 2004 Dr. Martin Berlin Chief Strategy Officer Why Investment Promotion Current status of FDI While Global FDI flows have increased at a dramatic

More information

Meeting on the Post-2015 Development Agenda for LDCs, LLDCs and SIDS in Asia and the Pacific: Nepal s Perspective

Meeting on the Post-2015 Development Agenda for LDCs, LLDCs and SIDS in Asia and the Pacific: Nepal s Perspective Meeting on the Post-2015 Development Agenda for LDCs, LLDCs and SIDS in Asia and the Pacific: Nepal s Perspective Yuba Raj Bhusal, Member Secretary National Planning Commission, Nepal Contents 1. Nepal:

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 11 May /10 ECOFIN 249 ENV 265 POLGEN 69

COUNCIL OF THE EUROPEAN UNION. Brussels, 11 May /10 ECOFIN 249 ENV 265 POLGEN 69 COUNCIL OF THE EUROPEAN UNION Brussels, 11 May 2010 9437/10 ECOFIN 249 ENV 265 POLGEN 69 NOTE from: to: Subject: The General Secretariat of the Council Delegations Financing climate change- fast start

More information

Investment for development: Investing in the Sustainable Development Goals: An Action Plan

Investment for development: Investing in the Sustainable Development Goals: An Action Plan TRADE AND DEVELOPMENT BOARD 61 st Session Agenda Item 9 Investment for development: Investing in the Sustainable Development Goals: An Action Plan Geneva, 17 September 2014 Statement by James Zhan Director

More information

Foreign Assistance Agency Brief US Department of Treasury

Foreign Assistance Agency Brief US Department of Treasury Foreign Assistance Agency Brief US Department of Treasury Overview Treasury s Office of International Affairs works with other federal agencies, foreign governments, and international financial institutions

More information

A twelve-point EU action plan in support of the Millennium Development

A twelve-point EU action plan in support of the Millennium Development Development A twelve-point EU action plan in support of the Millennium Development Goals COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE,

More information

Weathering Climate Change through Climate Risk Transfer Solutions

Weathering Climate Change through Climate Risk Transfer Solutions The G20's role on climate risk insurance & pooling: Weathering Climate Change through Climate Risk Transfer Solutions With this document, the Munich Climate Insurance Initiative (MCII) provides suggestions

More information

THE MANAGING DIRECTOR S 2018 UPDATE. Spring. The Window of Opportunity Remains Open

THE MANAGING DIRECTOR S 2018 UPDATE. Spring. The Window of Opportunity Remains Open THE MANAGING DIRECTOR S Spring 2018 UPDATE The Window of Opportunity Remains Open THE WINDOW OF OPPORTUNITY REMAINS OPEN This Global Policy Agenda (GPA) provides an update from the Fall 2017 GPA. The momentum

More information

Crisis effects on ACP countries

Crisis effects on ACP countries Crisis effects on ACP countries Challenges for decision-makers Alex Wilks, European Network on Debt and Development ACP EU Joint Parliamentary Assembly, 12 th February 2009 www.eurodad.org 1 Reduced inflows

More information

Securities Lending Outlook

Securities Lending Outlook WORLDWIDE SECURITIES SERVICES Outlook Managing Value Generation and Risk Securities lending and its risk/reward profile have been in the headlines as the credit and liquidity crisis has continued to unfold.

More information

SAMOA S SMOOTH TRANSITION STRATEGY REPORT,

SAMOA S SMOOTH TRANSITION STRATEGY REPORT, SAMOA S SMOOTH TRANSITION STRATEGY REPORT, 31 DECEMBER 2014 SMOOTH TRANSITION REPORT SAMOA 1 Background: Samoa was first included on the list of Least Developed Countries in 1971. It was first identified

More information

Tackling the Challenges of the Infrastructure Gap in South Asia. John H. Stein Director Sustainable Development Department South Asia Region

Tackling the Challenges of the Infrastructure Gap in South Asia. John H. Stein Director Sustainable Development Department South Asia Region Tackling the Challenges of the Infrastructure Gap in South Asia John H. Stein Director Sustainable Development Department South Asia Region Outline South Asia Background Infrastructure Gap by Sector Investment

More information

Launch of the FfD Tool: Development Finance Portal facilitating investor access to information on developing countries

Launch of the FfD Tool: Development Finance Portal facilitating investor access to information on developing countries Launch of the FfD Tool: Development Finance Portal facilitating investor access to information on developing countries Dr. James Mutende, Senior Investment Executive Uganda Investment Authority Business

More information

Climate Insurance Fund (CIF) Luxembourg, June 2017

Climate Insurance Fund (CIF) Luxembourg, June 2017 Climate Insurance Fund (CIF) Luxembourg, June 2017 KfW Development Bank s Role in Insurance Our Mandate As the German development bank, our objectives is help our partners to fight poverty, maintain peace,

More information

Asia-Pacific: Sustainable Development Financing Outreach. Asia-Pacific: Landscape & State of Sustainable Financing

Asia-Pacific: Sustainable Development Financing Outreach. Asia-Pacific: Landscape & State of Sustainable Financing Asia-Pacific: Sustainable Development Financing Outreach Asia-Pacific: Landscape & State of Sustainable Financing Dr. Shamshad Akhtar, United Nations Under-Secretary-General & ESCAP Executive Secretary

More information

Draft UN resolution on external debt sustainability and development

Draft UN resolution on external debt sustainability and development TWN Info Service on Finance and Development (Apr11/01) Third World Network www.twnside.org.sg Draft UN resolution on external debt sustainability and development (New York, 5 April 2011, Bhumika Muchhala):

More information

Assessing Development Strategies to Achieve the MDGs in the Arab Region

Assessing Development Strategies to Achieve the MDGs in the Arab Region UNDP UN-DESA THE WORLD BANK LEAGUE OF ARAB STATES Assessing Development Strategies to Achieve the MDGs in the Arab Region Project Objectives and Methodology Inception & Training Workshop Cairo, 2-52 April,,

More information

Implementation of Sustainable Development Goals in the European Union. Focus on development cooperation. Carlos BERROZPE GARCÍA

Implementation of Sustainable Development Goals in the European Union. Focus on development cooperation. Carlos BERROZPE GARCÍA Implementation of Sustainable Development Goals in the European Union Focus on development cooperation Carlos BERROZPE GARCÍA Head of Sector SDGs DG International Cooperation and Development European Commission

More information

asdf The Economic and Social Council will hold its Special high-level meeting Special High-level Meeting of ECOSOC with the BWIs, WTO and UNCTAD

asdf The Economic and Social Council will hold its Special high-level meeting Special High-level Meeting of ECOSOC with the BWIs, WTO and UNCTAD Special High-level Meeting of ECOSOC with the BWIs, WTO and UNCTAD asdf Financing for Development (22 April 2013, UN Headquarters, New York) UNITED NATIONS Newsletter of FfDO/DESA Number 2013/1, April

More information

MATRIX OF STRATEGIC VISION AND ACTIONS TO SUPPORT SUSTAINABLE CITIES

MATRIX OF STRATEGIC VISION AND ACTIONS TO SUPPORT SUSTAINABLE CITIES Urban mission and overall strategy objectives: To promote sustainable cities and towns that fulfill the promise of development for their inhabitants in particular, by improving the lives of the poor and

More information

A Study of World Role and the World Bank s Plan of Action in India

A Study of World Role and the World Bank s Plan of Action in India A Study of World Role and the World Bank s Plan of Action in India RAJIV.G. SHARMA Assistant Professor Govt. Arts & Commerce College, Kadoli District. Sabarkantha. Gujarat (India) Abstract: This study

More information

Catalyzing Private Sector Finance for Climate Change Mitigation Projects in East Asia and Pacific

Catalyzing Private Sector Finance for Climate Change Mitigation Projects in East Asia and Pacific Catalyzing Private Sector Finance for Climate Change Mitigation Projects in East Asia and Pacific Romel M. Carlos, PhD Clean Energy and Sustainable Energy Finance Workshop on Accessing Finance for Green

More information

Resources mobilization for the implementation of the Brussels Programme of Action:

Resources mobilization for the implementation of the Brussels Programme of Action: Resources mobilization for the implementation of the Brussels Programme of Action: The Experiences of Timor-Leste Presented by: Aicha Bassarewan, Vice Minister of Planning & Finance, RDTL Haoliang Xu,

More information

Meeting the Infrastructure Challenge: The Case for a New Development Bank

Meeting the Infrastructure Challenge: The Case for a New Development Bank Washington DC, 21 st March 2013 Meeting the Infrastructure Challenge: The Case for a New Development Bank Prepared for the G-24 Technical Group Meeting Amar Bhattacharya & Mattia Romani C O N F I D E N

More information

Save the Children s Input to the Zero Draft of the Outcome of the Third International Conference on Financing for Development

Save the Children s Input to the Zero Draft of the Outcome of the Third International Conference on Financing for Development Save the Children s Input to the Zero Draft of the Outcome of the Third International Conference on Financing for Development This document outlines Save the Children s proposals for overarching commitments

More information

June with other international donors including emerging to raise their level of ambition in line with that of the EU

June with other international donors including emerging to raise their level of ambition in line with that of the EU European Commission s April Package and Foreign Affairs Council Conclusions Compared A twelvepoint EU action plan in support of the Millennium Development Goals June 2010 Aid Commitments Aid effectiveness

More information

DEVELOPMENT CO-OPERATION REPORT 2010

DEVELOPMENT CO-OPERATION REPORT 2010 DEVELOPMENT CO-OPERATION REPORT 2010 Summary - January 2010 The combined effect of the food, energy and economic crises is presenting a major challenge to the development community, raising searching questions

More information

Third International Conference on Financing for Development: Plenary

Third International Conference on Financing for Development: Plenary Third International Conference on Financing for Development: Plenary Remarks by Brenda Killen delivered on behalf of Angel Gurría, Secretary-General, OECD 16 July 2015, Addis Ababa, Ethiopia (As prepared

More information

Beneficiary View. Cameroon - Total Net ODA as a Percentage of GNI 12. Cameroon - Total Net ODA Disbursements Per Capita 120

Beneficiary View. Cameroon - Total Net ODA as a Percentage of GNI 12. Cameroon - Total Net ODA Disbursements Per Capita 120 US$ % of GNI Beneficiary View Cameroon - Official Development Assistance (OECD/DAC Data) Source: OECD/DAC Database by Calendar Year (as of 2/2/213) unless noted. Cameroon - Total Net ODA as a Percentage

More information

LDC Issues for UN LDC IV

LDC Issues for UN LDC IV 3rd South Asian Economic Summit Kathmandu, 17-19 December 2010 Regional Economic Integration, Food Security and Climate Change Agenda for the Decade 2011-2020 LDC Issues for UN LDC IV Mohammad A. Razzaque

More information

Geneva, March Capacity Building for Effective Infrastructure Regulation

Geneva, March Capacity Building for Effective Infrastructure Regulation CONFÉRENCE DES NATIONS UNIES SUR LE COMMERCE ET LE DÉVELOPPEMENT UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT Multi-Year Expert Meeting on Services, Development and Trade: The Regulatory and Institutional

More information

I encourage active participation in this event at the highest possible levels.

I encourage active participation in this event at the highest possible levels. THE PRESIDENT OF THE GENERAL ASSEMBLY 4 April 2018 Excellency, As part of my endeavour to push for the implementation of the 2030 Agenda for Sustainable Development during the 72 nd session of the General

More information

Financing strategies to achieve the MDGs in Latin America and the Caribbean

Financing strategies to achieve the MDGs in Latin America and the Caribbean UNDP UN-DESA UN-ESCAP Financing strategies to achieve the MDGs in Latin America and the Caribbean Rob Vos (UN-DESA/DPAD) Presentation prepared for the inception and training workshop of the project Assessing

More information

UNDP Executive Board Funding Dialogue. January 2015

UNDP Executive Board Funding Dialogue. January 2015 UNDP Executive Board Funding Dialogue January 2015 Overview A. Overall objective B. Global context C. UNDP s development and institutional context D. Overview of resources E. EB principles for UNDP programming

More information

The global commitment to bring universal access

The global commitment to bring universal access Sanitation and Water for All: Priority Actions for Sector Financing The global commitment to bring universal access to safely managed water supply and sanitation by 2030 set by the Sustainable Development

More information

FROM BILLIONS TO TRILLIONS: TRANSFORMING DEVELOPMENT FINANCE POST-2015 FINANCING FOR DEVELOPMENT: MULTILATERAL DEVELOPMENT FINANCE

FROM BILLIONS TO TRILLIONS: TRANSFORMING DEVELOPMENT FINANCE POST-2015 FINANCING FOR DEVELOPMENT: MULTILATERAL DEVELOPMENT FINANCE 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) DC2015-0002 April 2, 2015 FROM BILLIONS

More information

TRADE, FINANCE AND DEVELOPMENT DID YOU KNOW THAT...?

TRADE, FINANCE AND DEVELOPMENT DID YOU KNOW THAT...? TRADE, FINANCE AND DEVELOPMENT DID YOU KNOW THAT...? The volume of the world trade is increasing, but the world's poorest countries (least developed countries - LDCs) continue to account for a small share

More information

Financial Flows for Environment: World Bank, UNDP, UNEP CONCESSIONAL FINANCE AND GLOBAL PARTNERSHIPS VICE PRESIDENCY THE WORLD BANK GROUP

Financial Flows for Environment: World Bank, UNDP, UNEP CONCESSIONAL FINANCE AND GLOBAL PARTNERSHIPS VICE PRESIDENCY THE WORLD BANK GROUP Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Financial Flows for Environment: World Bank, UNDP, UNEP Uwe Steckhan August 2009 53890

More information

Developing the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager

Developing the Power Sector through Private Investment in Mongolia. Edgar Saravia Program Manager Developing the Power Sector through Private Investment in Mongolia Edgar Saravia Program Manager October 2008 Setting the Context Government of Mongolia ( GoM ) wishes to introduce PSP in power generation

More information

REPUBLIC OF KENYA Ministry Of Finance

REPUBLIC OF KENYA Ministry Of Finance REPUBLIC OF KENYA Ministry Of Finance DONOR HARMONIZATION AND ALIGNMENT IN KENYA Paper presented at the Kenya/Donor Consultative Group Meeting held on 11 th to 12 th April, 2005 in Nairobi By D. K. Kibera

More information

WORLD INVESTMENT M REPORT

WORLD INVESTMENT M REPORT UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT WORLD INVESTMENT M REPORT IN A LOW-CARBON ECONOMY New York and Geneva, 2010 TABLE OF CONTENTS PREFACE ACKNOWLEDGEMENTS ABBREVIATIONS KEY MESSAGES OVERVIEW

More information

The World Economy and the Millennium Development Goals (MDGs)

The World Economy and the Millennium Development Goals (MDGs) The World Economy and the Millennium Development Goals (MDGs) B ILO/Dutta B. 1 Accelerating High-level policy dialogue with the international financial and trade institutions on current developments in

More information

MUTUAL ACCOUNTABILITY FOR LDCs: A FRAMEWORK FOR AID QUALITY AND BEYOND

MUTUAL ACCOUNTABILITY FOR LDCs: A FRAMEWORK FOR AID QUALITY AND BEYOND Special Event Fourth United Nations Conference on Least Developed Countries (LDC-IV) Thursday 12 May 2011 6:15 pm-8 pm Istanbul Congress Centre Çamlica Hall Background Note MUTUAL ACCOUNTABILITY FOR LDCs:

More information

Experience with World Bank Conditionality. Stefan Koeberle and Thaddeus Malesa

Experience with World Bank Conditionality. Stefan Koeberle and Thaddeus Malesa Experience with World Bank Conditionality Stefan Koeberle and Thaddeus Malesa 1. Summary. This note summarizes key trends in the application of conditionality in World Bank policy-based lending since fiscal

More information

World Investment Report 2010

World Investment Report 2010 World Investment Report 2010 Investing in a Low-Carbon Economy UNCTAD, Geneva Division on Investment and Enterprise 22 July 2010 EMBARGO 22 July 2010 17:00 hrs GMT 1 Key messages: FDI trends and prospects

More information

Fact sheet: Financing climate change action Investment and financial flows for a strengthened response to climate change

Fact sheet: Financing climate change action Investment and financial flows for a strengthened response to climate change Fact sheet: Financing climate change action Investment and financial flows for a strengthened response to climate change In 2007, a review entitled Report on the analysis of existing and potential investment

More information

Declaration of the Least Developed Countries Ministerial Meeting at UNCTAD XIII

Declaration of the Least Developed Countries Ministerial Meeting at UNCTAD XIII United Nations United Nations Conference on Trade and Development Distr.: General 20 April 2012 Original: English TD/462 Thirteenth session Doha, Qatar 21 26 April 2012 Declaration of the Least Developed

More information

Clean Technology Fund (CTF) Proposal for CTF 2.0

Clean Technology Fund (CTF) Proposal for CTF 2.0 Clean Technology Fund (CTF) Proposal for CTF 2.0 Outline Clean Technology Fund: 2008 to 2016 The Journey so far Changing climate in a changing world SDGs, Paris Agreement Unique opportunity Use of assets

More information

Partnering with IFC. Anita Bhatia and Urkaly Isaev October 2014 THE POWER OF PARTNERSHIPS

Partnering with IFC. Anita Bhatia and Urkaly Isaev October 2014 THE POWER OF PARTNERSHIPS Partnering with IFC Anita Bhatia and Urkaly Isaev October 2014 THE POWER OF PARTNERSHIPS 1 World Bank Group 2 Twin Goals of the World Bank Group 3 4 The private sector in development 5 IFC s Three Businesses

More information

The role of the private sector in. system

The role of the private sector in. system The role of the private sector in the development cooperation system ECLAC - Global Economic Governance Session 2: ODA and the Aid Architecture Bruce Byiers Madrid March 2013 Overview 1.Context 2. Which

More information

3. The paper draws on existing work and analysis. 4. To ensure that this analysis is beneficial to the

3. The paper draws on existing work and analysis. 4. To ensure that this analysis is beneficial to the 1. INTRODUCTION AND BACKGROUND 1. The UNFCCC secretariat has launched a project in 2007 to review existing and planned investment and financial flows in a concerted effort to develop an effective international

More information

Resolution adopted by the General Assembly. [on the report of the Second Committee (A/67/435/Add.3)]

Resolution adopted by the General Assembly. [on the report of the Second Committee (A/67/435/Add.3)] United Nations General Assembly Distr.: General 12 February 2013 Sixty-seventh session Agenda item 18 (c) Resolution adopted by the General Assembly [on the report of the Second Committee (A/67/435/Add.3)]

More information

Will Martin and Aaditya Mattoo* 8 November 2011 *This presentation reflects the views of the authors only and not necessarily those of the World Bank.

Will Martin and Aaditya Mattoo* 8 November 2011 *This presentation reflects the views of the authors only and not necessarily those of the World Bank. Will Martin and Aaditya Mattoo* 8 November 2011 *This presentation reflects the views of the authors only and not necessarily those of the World Bank. it is clear that we will not complete the DDA if we

More information

IFC s Approach to Risk

IFC s Approach to Risk IFC s Approach to Risk INTERNATIONAL BANKING FORUM 2011 Brescia, 16-17 June 2011 Vittorio Di Bello Chief Credit Officer IFC World Bank Group Agenda IFC: Who we are, What we do IFC and Sustainability IFC

More information