Turkey s World Bank Portfolio in Context. Sally Zeijlon ECA Quality Unit Manager February 6, 2012
|
|
- Coral Lloyd
- 5 years ago
- Views:
Transcription
1 0 Turkey s World Bank Portfolio in Context Sally Zeijlon ECA Quality Unit Manager February 6, 2012
2 1 Turkey in the World Bank and ECA Turkey s loans are significant in the Bank s loan portfolio Commitments Turkey ECA IBRD has loaned $8.14 billion to Turkey since FY 2008 Turkey is an important Middle Income Country (MIC) in the world and especially in the Europe and Central Asia Region Turkey innovates in operations with World Bank support Turkey s program succeeds But there are new challenges and opportunities Turkey ECA Projects Net Comm Amt $ 5,565.8 $ 20,972.3 % Commit at Risk 2% 6% % Proactivity 75% 70% % Realism Index 100% 69%
3 GDP Growth (%), in ECA ECA is a diverse region (30 countries, 480 million people) Pre-2009: Achievements - Strong growth in many countries driven by trade, capital flows and remittances Regional Poverty Rates (percentages) Rapid decline in poverty -EU expansion to east with 10 ECA countries joining EU and converging rapidly to EU income levels 2 2
4 3 RECOVERY MOMENTUM IS THREATENED BY UNFOLDING DEBT CRISIS IN EUROZONE Forecasts for Euro zone growth in 2012 are getting gloomier Euro zone Growth Prospects Growth prospects for the Eurozone have declined Projections made in Jan Projections made in April 2011 Projections made in June 2011 Projections made in September 2011
5 4 4 REGIONAL STRATEGY IS FULLY ALIGNED WITH WORLD BANK GROUP PRIORITIES WBG Priorities ECA Strategic Pillars ECA Challenges Create Opportunities for Growth and Employment Target the Poor and the Vulnerable Strengthen Governance and Institutions Engage in Global Issues Manage risk and prepare for crises Deepened Reforms for Improved Competitiveness Social Sector Reforms for Inclusive Growth Climate Action for Sustainable Growth Drivers of pre-crisis growth (capital flows and strong growth in export markets) are unlikely to return quickly Social inclusion and equity issues will grow in importance, but will be tougher to address in a period of fiscal consolidation The need to improve energy efficiency and vulnerability to climate change will grow
6 ECA STRATEGY IS PRIORITIZED AND CUSTOMIZED AT COUNTRY LEVEL BASED ON CLIENT DEMAND AND BANK COMPARATIVE ADVANTAGE 5 Russia EU Members e.g. Bulgaria Other MICs e.g. Turkey IDA/ Blend e.g. Armenia Fragile States e.g. Kyrgyz Republic Competitiveness Economic diversification Investment climate Public sector modernization Regional development Infrastructure and public expenditure efficiency Public sector institutional capacity development Investment climate Financial sector Public administration reform SMEs Investment climate Infrastructure and mining Public administration reform Finance SMEs In the event of continuing transition to stability, support for financial sector, mining & agri-business If transition is stalled, livelihoods support till situation stabilizes Inclusion Improving the delivery of social and communal services Roma inclusion Labor markets, education and gender equity CDD More effective safety nets Protection of social spending Improved social services Community infrastructure Employment Climate Action Energy efficiency Energy efficiency Energy Sector Reforms Renewable energy Renewable energy Also Russia as an emerging donor Turkey as a regional and global player Sub-regional water/energy
7 6 ECA ENDING MATCHES THE STRATEGY New Bank Lending Commitments FY09-FY11 by Strategic Pillar competitiveness
8 US$M 7 Size and Performance of Turkey s Active Portfolio Turkey's Investment Portfolio Net Comm Amt # Proj % At Risk % Commit at Risk $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1, $0
9 8 Turkey s portfolio basics Current Investments by Sector Renew Energy, $1,000 Transport, $185 Urban, $1,065 Current Implementation Performance Ratings MS 27% Pvt Sector Dev't, $2,097 Land Reg., $203 Energy, $814 Environment, $23 Human Dev't, $179 S 67% MU 6%
10 US$M 9 IBRD Portfolio: Large, Focused & Effective Fewer Projects $6, $5, $4, $3, $2, $1,000 5 $0 $5,539 $5,829 $5,668 $5,422 $5,566 FY08 FY09 FY10 FY11 FY12 0 Net Comm Amt # Proj
11 Percent Satisfactory Outcome Number of Project Exits 10 Quality Good Development Outcomes All on-going projects currently expected to meet development objectives Exits % Satisfactory
12 11 Continued Quality Better than average implementation, but need for continuous attention 67% fully satisfactory 27% marginally satisfactory 6% marginally unsatisfactory Meeting legal, fiduciary, and safeguard expectations All standards now being met with recent improvements Flexible responses to problems Restructuring for changing priorities and reform pace Selective cancellation Some problems lingered too long Half of the current portfolio has been extended One project has been unsatisfactory for some years
13 US$M 12 Turkey s use of WB instruments $3,500 New Lending by Year and Type $3,000 $2,500 $2,000 $1,500 $1,000 $500 SIL FIL ERL DPL APL $
14 13 Imaginative Use of Tools Turkey has been uniquely successful in the use of Financial Intermediation Loans Complementary to early banking reform work Successful ways to reach SMEs, and address energy issues An important part of the multi-country program of loans for energy transmission and trade The first country to receive a Clean Technology Fund grant Using advisory services and lending to support the country s health reform Adapting the Development Policy Lending series to the pace of reform Making technological leaps (e.g. gas storage)
15 14 Financial Intermediation 10 loans since 2000 totaling almost $3B FY Preject # Amount 2000 EFIL 1 $ EFIL 2 1 $ EFIL 3 1 $ Access to Fin for SMEs 1 $ ACC TO FIN FOR SMEs-AF 1 $ TR EFIL IV 1 $ ACCESS to FINANCE for SMEs - AF 1 $ ACCESS to FINANCE for SMEs - AF2 1 $ ACCESS TO FINANCE FOR SME II 1 $ TR EFIL IV Additional Financing 1 $ Total 10 $ 2, Private Sector Renewable Energy & Energy Efficiency - $1B
16 15 World Bank Services & Instruments Specific Investment Loans (SIL) Financial Intermediation Loans (FIL) Adaptable Programs Loans (APL) Development Policy Loans (DPL) Trust Funds Clean Technology (CTF) Carbon Finance Institutional Development (IDF) Advisory and Analytical Services (AAA) Becoming increasingly flexible & programmatic and some newer items
17 16 P for R Program for Results In January 2012, the World Bank introduced a new instrument, the Program for Results 3 rd lending tool Disburses as intended results are achieved Disbursement is not linked to policy reform or specific purchases Requires program design and capacity Is in a pilot phase for two years (up to 5% of World Bank total lending) Highly suitable for strong institutions with clear aims
18 17 Fee-Based Services Bank products to provide client countries with analytic products for which the Bank is reimbursed Offered to MICs and high income countries FBS portfolio in ECA is growing considerably as clients needs change FBS agreements in 14 ECA countries, Russia largest client with 46 signed agreements Examples of FBS programs in ECA Russia St. Petersburg High Speed Orlovski Tunnel Romania Functional Reviews Poland Financial Reporting Technical Assistance
19 Teşekkürler 18
Reimbursable Advisory Services in Europe and Central Asia (ECA)
Reimbursable Advisory Services in Europe and Central Asia (ECA) Expanding Options for Our Clients: Global Knowledge, Strategy, and Local Solutions REIMBURSABLE ADVISORY SERVICES (RAS): What Are They? RAS
More informationCountry Partnership Strategy ( ) World Bank Group Romania Country Office
Country Partnership Strategy (2014-2018) World Bank Group Romania Country Office October 2013, Bucharest 1 2 3 Context and Background Emerging Themes : Shared Prosperity and EU Funds Absorption Suggested
More informationIntroduction to IFC &
Introduction to IFC & Prospects for Cooperation Ashgabat, Turkmenistan August 6, 2012 IFC s Structure Owned by 183 member countries IFC is the main driver of private sector development in the World Bank
More informationSynopsis. Challenge. More Results. Turkey-Sustained and Equitable Growth for Continued Economic Success
Turkey-Sustained and Equitable Growth for Continued Economic Success Turkey Sustained and Equitable Growth for Continued Economic Success Synopsis Turkey is one of the greatest success stories of the global
More informationIFC STRATEGY AND CAPITAL INCREASE. June 26, 2018
IFC STRATEGY AND CAPITAL INCREASE June 26, 2018 Global Context: Meeting Development Goals Requires Increased Financing and Managing Global Risks in a Changing Landscape More than 3 million new jobs are
More informationDar es Salaam Tanzania June
Dar es Salaam Tanzania June 21 2016 1. THE SCALE OF THE CHALLENGE A decade of growth in Africa Africa has made progress of the course of the last 10 years both in terms of economic growth and poverty reduction
More informationCPSCR Review Independent Evaluation Group
1. CPS Data Country: Ukraine CPS Year: FY08 FY11 CPS Period: FY 08 FY 11 CPSCR Review Period: FY 08 FY 11 Date of this review: February 9, 2012 2. Executive Summary i. This review examines the implementation
More informationOur Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.
Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. 76 IFC ANNUAL REPORT 2016 Where We Work As the largest global development institution
More informationExperience 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 informationConditionality 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 informationINDEPENDENT EVALUATION GROUP UKRAINE COUNTRY ASSISTANCE EVALUATION (CAE) APPROACH PAPER
Country Background INDEPENDENT EVALUATION GROUP UKRAINE COUNTRY ASSISTANCE EVALUATION (CAE) APPROACH PAPER April 26, 2006 1. Ukraine re-established its independence in 1991, after more than 70 years of
More information2012 Development Policy Lending Retrospective
2012 Development Policy Lending Retrospective Emerging Findings and Issues Operational Policy and Quality Department The World Bank July 2012 Outline Content and Issues Key trends Contribution to country
More informationCPSCR Review Independent Evaluation Group
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 1. CPS Data Country: BULGARIA CPS Year: FY 2006 CPSCR Review CPS Period: FY07- FY09 CPSCR
More informationPublic Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized 2012 Bulgaria Country Partnership Strategy Review and Planning A knowledge-based and
More informationAnnual IPA Conference December 6, 2010
12/5/2010 4PM Annual IPA Conference December 6, 2010 Keynote Message Regional Vice President Philippe Le Houérou World Bank, Europe and Central Asia Achieving smart, inclusive and sustainable growth through
More informationINDONESIA Country Partnership Framework
INDONESIA Country Partnership Framework 2016-2020 WHO WE ARE Established in 1944. Headquartered in Washington D.C. The World Bank Group comprises five institutions managed by their 188 member countries
More informationCPSCR Review Independent Evaluation Group
1 1. CPS Data Country: Serbia CPS Year: FY08 CPS Period: FY08 FY11 CPSCR Review Period: FY08 FY11 Date of this review: December 7, 2011 2. Executive Summary i. This review examines the implementation of
More informationCatastrophe Risk Financing Instruments. Abhas K. Jha Regional Coordinator, Disaster Risk Management East Asia and the Pacific
Catastrophe Risk Financing Instruments Abhas K. Jha Regional Coordinator, Disaster Risk Management East Asia and the Pacific Structure of Presentation Impact of Disasters in developing Countries The Need
More informationPROGRAM INFORMATION DOCUMENT (PID) CONCEPT STAGE. MA-Second Capital Market Development and SME Finance DPL Region
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROGRAM INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: AB7824 March 8, 2016 Operation
More informationL/C/TF Number(s) Closing Date (Original) Total Financing (USD) IBRD Jun ,000,000.00
Public Disclosure Authorized 1. Project Data Report Number : ICRR0021272 Public Disclosure Authorized Public Disclosure Authorized Operation ID P159774 Country Fiji Operation Name Fiji Post-Cyclone Winston
More informationOur Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.
Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. Where We Work As the largest global development institution focused on the private
More information2015 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 informationCountry Practice Area(Lead) Additional Financing Croatia Finance & Markets P129220
Public Disclosure Authorized Independent Evaluation Group (IEG) 1. Project Data Report Number : ICRR0020731 Public Disclosure Authorized Public Disclosure Authorized Project ID P116080 Project Name EXPORT
More informationWBG 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 informationIFC: PROMOTING INCLUSIVE GREEN GROWTH IN THE MIDDLE EAST & NORTH AFRICA (MENA)
IFC: PROMOTING INCLUSIVE GREEN GROWTH IN THE MIDDLE EAST & NORTH AFRICA (MENA) Thomas Jacobs, MENA Climate Anchor & Resident Representative, Lebanon & Syria IFC: Largest development bank focused solely
More informationPROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB4270 Health Transformation and Social Security Reform Project.
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Name PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB4270 Health
More informationTHE NEED TO ADDRESS FINANCIAL MARKETS DEVELOPMENT IN THE REGION
SOUTH CAUCASUS AND UKRAINE INITIATIVE THE NEED TO ADDRESS FINANCIAL MARKETS DEVELOPMENT IN THE REGION Working Group on Financial Markets Development and Impact of Central Banks 17 November 2009 Warsaw,
More informationAFRICAN DEVELOPMENT BANK GROUP
AFRICAN DEVELOPMENT BANK GROUP Ministerial Round Table Discussions Africa and the Financial Crisis: An Agenda for Action The 2009 African Development Bank Annual Meetings Ministerial Round Table Discussions
More informationThe World Bank Group s Response to Economic Crises: Views from IEG Independent Evaluation Group World Bank / IFC / MIGA
The World Bank Group s Response to Economic Crises: Views from IEG Independent Evaluation Group World Bank / IFC / MIGA Caroline Heider / Anjali Kumar OECD - DAC Paris, February 9, 2012 1 Crisis Support
More informationThe 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 informationIFC s Climate Business
IFC s Climate Business Doing Business at IFC in a Climate-Smart Way Financing Energy Efficiency CIF Partnership Forum June 2014 Agenda Introducing IFC IFC s Blended Finance Financing Resource Efficiency
More informationContents. Information online. Information within the Report or another EBRD publication.
Contents The illustration on the cover of this publication was inspired in part by the theme of recovery and sustainable growth, and also by the roof tiles of St Mark s Church in Zagreb, Croatia, the location
More informationOverview. Stress-Testing Households in Europe and Central Asia
Overview Stress-Testing Households in Europe and Central Asia The Crisis Hits Home Overview The Crisis Hits Home Stress-Testing Households in Europe and Central Asia Erwin R. Tiongson, Naotaka Sugawara,
More informationSTRENGTHENING THE WORLD BANK S ENGAGEMENT WITH IBRD PARTNER COUNTRIES IMPLEMENTATION REPORT
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 informationIFC 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 informationTable 2: Sample Distribution by Lending Instrument and Project Type. Table 3: Sample Distribution by Region and Project Type
Table 2: Sample Distribution by Lending Instrument and Type Investment DPLs Total Non-emergency Emergency Improving labor market 5 0 4 9 Service delivery 5 1 6 12 Pensions 2 0 1 3 Social Funds 7 5 1 13
More informationFROM 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 informationSession 8 Case Study: PHI: Development Policy Support Program Kelly Bird Southeast Asia Regional Department
Session 8 Case Study: PHI: Development Policy Support Program Kelly Bird Southeast Asia Regional Department Introductory Course on Economic Analysis of Policy-Based Lending Operations 7 June 2007 ADB-Philippines
More informationIndependent Evaluation Group
1. CPS Data Country: Turkey CPS Year: FY12 2. Ratings CLR Rating IEG Rating Development Outcome: Moderately Satisfactory Moderately Satisfactory WBG Performance: Good Good 3. Executive Summary CPS Period:
More informationCLR Review Independent Evaluation Group
June 2, 2016 1. CAS/CPS Data Country: Uzbekistan CAS/CPS Year: FY12 CAS/CPS Period: FY12 FY15 CASCR/CPSCR Review Period: FY12- FY15 Date of this review: June 2, 2016 2. Ratings CLR Rating IEG Rating Development
More informationCPSCR Review Independent Evaluation Group
For Official Use Only 1. CPS Data Country: Armenia CPS Year: FY09 CPS Period: FY09 - FY13 CPSCR Review Period: FY09-FY13 Date of this review: October 24, 2013 2. Executive Summary i. This review examines
More informationThe World Bank. Asia (ECA) Economic Update. Annual Meetings Istanbul October 3, 2009
The World Bank Europe and Central Asia (ECA) Economic Update Annual Meetings Istanbul October 3, 2009 More than $350 billion of ECA s foreign debt matures in 2010 Source: World Bank, DEC Prospects Group
More informationCofinancing (US$M): c. Policy Areas: The policy areas included into the Program Document of the FIRM DPL were the following:
Public Disclosure Authorized IEG ICR Review Independent Evaluation Group 1. Project Data: Date Posted: 03/25/2015 Report Number: ICRR14675 Public Disclosure Authorized Public Disclosure Authorized Public
More informationInternational Bank for Reconstruction and Development
International Bank for Reconstruction and Development Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Management s Discussion & Analysis
More informationIFC Trust Funds Trust Fund Annual Report. Overall Trends. its standard-setting, and its work to promote a business-enabling environment.
4 IFC Trust Funds Overall Trends The resources needed to alleviate poverty and advance development are too vast for governments to provide on their own, so a major part of the domestic and international
More informationGovernor's Statement No. 30 October 7, Statement by the Hon. ZHOU XIAOCHUAN, Governor of the Fund for the PEOPLE'S REPUBLIC OF CHINA
Governor's Statement No. 30 October 7, 2016 Statement by the Hon. ZHOU XIAOCHUAN, Governor of the Fund for the PEOPLE'S REPUBLIC OF CHINA Statement by the Hon. ZHOU Xiaochuan, Governor of the Fund for
More informationPublic Disclosure Copy
Public Disclosure Authorized EAST ASIA AND PACIFIC Indonesia Social, Urban, Rural and Resilience Global Practice Global Practice IBRD/IDA Specific Investment Loan FY 2013 Seq No: 9 ARCHIVED on 22-Jun-2017
More informationJordan Country Brief 2011
Jordan Country Brief 2011 CONTEXT The Hashemite Kingdom of Jordan is an upper middle income country with a population of 6 million and a per-capita GNI of US $4,390. Jordan s natural resources are potash
More informationGovernor's Statement No. 33 October 10, Statement by the Hon. MAREK BELKA, Governor of the Bank for THE REPUBLIC OF POLAND
Governor's Statement No. 33 October 10, 2014 Statement by the Hon. MAREK BELKA, Governor of the Bank for THE REPUBLIC OF POLAND 2014 Annual Meetings Statement by the Hon. Marek Belka Governor of the Bank
More informationFinancing Options and Issues Session 6: Access to Financing Options and Instruments
IMF Workshop on Building Resilience to Natural Disasters and Climate Change DISASTER RISK FINANCING AND INSURANCE PROGRAM (DRFIP) April 4-6 2017 Financing Options and Issues Session 6: Access to Financing
More informationInternational Bank for Reconstruction and Development
International Bank for Reconstruction and Development Management s Discussion & Analysis and Financial Statements June 30, 2014 SECTION I: EXECUTIVE SUMMARY 5 IBRD and the New World Bank Group Strategy
More informationIFC Operational Highlights
IFC Operational Highlights Dollars in millions, for the years ended June 30 2017 2016 2015 2014 2013 Long-Term Investment Commitments FOR IFC S OWN ACCOUNT $11,854 $11,117 $10,539 $ 9,967 $11,008 Number
More informationThe World Bank Revenue Administration Modernization Project (P130202)
Public Disclosure Authorized EUROPE AND CENTRAL ASIA Romania Governance Global Practice IBRD/IDA Investment Project Financing FY 2013 Seq No: 10 ARCHIVED on 06-Feb-2018 ISR31261 Implementing Agencies:
More informationAnnex A. Country Partnership Framework Template. Document of The World Bank Group FOR OFFICIAL USE ONLY
Annex A. Country Partnership Framework Template Document of The World Bank Group FOR OFFICIAL USE ONLY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT [AND/OR INTERNATIONAL DEVELOPMENT ASSOCIATION]
More informationProject Name. PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB2890 TIR - Transport Infrastructure Rehabilitation Project
Project Name PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB2890 TIR - Transport Infrastructure Rehabilitation Project Region EUROPE AND CENTRAL ASIA Sector Roads and highways (70%);Railways
More informationPROGRAM INFORMATION DOCUMENT (PID)
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Operation Name PROGRAM INFORMATION DOCUMENT (PID) Appraisal STAGE September 25, 2015
More informationThe WB Clean Technology Fund MENA Renewable Energy Program
The WB Clean Technology Fund MENA Renewable Energy Program Mohab Hallouda Sr. Energy Specialist MENA Energy and Transport Unit World Bank RCREEE/MED EMIP Joint Event Regional Challenges to Green the Power
More informationPartnering 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 informationGrowing Fiscal Differentiation in Europe and Central Asia: What does it mean for Albania?
Growing Fiscal Differentiation in Europe and Central Asia: What does it mean for Albania? Indermit Gill Chief Economist Europe and Central Asia Region World Bank Albania ABCDE Tirana, June 1-2, 21 Main
More informationIFC: Trends and Opportunities in Emerging Markets
IFC: Trends and Opportunities in Emerging Markets Karin Finkelston IFC Vice President, Asia Pacific Dublin, Ireland, June 19, 2012 1 IFC: Who We Are, What We Do IFC is the largest global development institution
More informationThe Carbon Partnership Facility
The Carbon Partnership Facility Objectives, features and Current Status June 2009 World Bank www.carbonfinance.org Towards a new approach: objectives of the CPF Use carbon markets to catalyze a transformation
More informationINTERNATIONAL DEVELOPMENT ASSOCIATION AND INTERNATIONAL MONETARY FUND REPUBLIC OF ARMENIA
INTERNATIONAL DEVELOPMENT ASSOCIATION AND INTERNATIONAL MONETARY FUND REPUBLIC OF ARMENIA Poverty Reduction Strategy Paper Second Progress Report Joint Staff Advisory Note Prepared by the Staffs of the
More informationIntroduction CHAPTER 1
CHAPTER 1 Introduction The onset of the financial crisis was evident as early as mid-2007 when the real estate bubble began to deflate throughout the United States and parts of Western Europe, triggering
More informationServices Policy Reform and Economic Growth in Transition Economies, Felix Eschenbach & Bernard Hoekman
Services Policy Reform and Economic Growth in Transition Economies, 1990-2004 Felix Eschenbach & Bernard Hoekman Question Asked & Stylized Facts Impact of service sector policy reforms on (differences
More informationProgress Report. The World Bank Group Country Partnership Strategy
Progress Report on The World Bank Group Country Partnership Strategy Supporting growth and development in Armenia 2009 2013 June 2011 World Bank Document of The World Bank FOR OFFICIAL USE ONLY Report
More informationPROJECT PREPARATION FACILITY: INCREASE IN COMMITMENT AUTHORITY
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROJECT PREPARATION FACILITY: INCREASE IN COMMITMENT AUTHORITY AND ENHANCED SCOPE Public Disclosure Authorized Operations
More information2018 ECOSOC Forum on FfD Zero Draft
23 March 2018 2018 ECOSOC Forum on FfD Zero Draft 1. We, ministers and high-level representatives, having met in New York at UN Headquarters from 23 to 26 April 2018 at the third ECOSOC Forum on Financing
More informationThe Great Recession: Economic and Social Impact in Eastern Europe and Central Asia
The Great Recession: Economic and Social Impact in Eastern Europe and Central Asia Lire Ersado Human Development Sector Unit Europe and Central Asia Region PREM Learning Week April 30, 2010 Outline of
More informationMANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS FISCAL YEAR 2013
MANAGING RISK IN EMERGING MARKETS OUR CORE BUSINESS FISCAL YEAR 2013 PROVEN TRACK RECORD 2 IFC IN NUMBERS 57 $63.2bn $49.6bn $13.6bn $24.9bn $18.3bn $6.5bn $1bn Years of profitable investments in emerging
More informationEnhance Financial Resilience Against Disasters
2016/FMM/010 Session 3 Enhance Financial Resilience Against Disasters Purpose: Information Submitted by: World Bank Group 23 rd Finance Ministers Meeting Lima, Peru 14-15 October 2016 APEC Meeting, Lima,
More informationSpring Forecast: slowly recovering from a protracted recession
EUROPEAN COMMISSION Olli REHN Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Spring Forecast: slowly recovering from a
More informationEx post evaluation Georgia
Ex post evaluation Georgia Sector: Formal sector financial intermediaries (24030) Programme/Project: Agricultural financing programme (fiduciary holding) (BMZ No. 2011 66 552)* Implementing agency: three
More informationBENIN: COUNTRY FINANCING PARAMETERS
BENIN: COUNTRY FINANCING PARAMETERS BENIN: COUNTRY FINANCING PARAMETERS May 5, 2005 Summary 1. This note provides the supporting analysis and background for the country financing parameters under the new
More informationAnnex 1: Country Profile ST. LUCIA
Annex 1: Country Profile ST. LUCIA Population: 161,000 (2003) GNI per capita: US$4,300 (2004 est. Atlas methodology) 1. Profile. St. Lucia is the most densely populated of the four Windward Islands. The
More informationSTRUCTURAL SHIFTS AND CHALLENGES IN THE GLOBAL ECONOMY M I C H A E L S P E N C E N E W D E L H I J A N U A R Y
STRUCTURAL SHIFTS AND CHALLENGES IN THE GLOBAL ECONOMY M I C H A E L S P E N C E N E W D E L H I J A N U A R Y 2 0 1 2 2 3 What is the Next Convergence? Before the Industrial Revolution 200 years of divergence
More informationFinancial Trends of World Bank Group Trust Funds,
CHAPTER 2 Financial Trends of World Bank Group Trust Funds, FY13 FY17 2.1 Overview of World Bank Group Trust Funds 113 2.2 IBRD/IDA Trust Funds 122 2.3 IFC Trust Funds 135 2.4 MIGA Trust Funds 140 2.5
More informationRussia's Multilateral Aid Practice. Anna Abalkina
Russia's Multilateral Aid Practice Anna Abalkina Russia as a multilateral donor Legal framework Old Concept of Russia's participation in international development assistance (2007) stated the importance
More informationEU: crisis, reactions and the EIB
INTERNATIONAL BANKING FORUM 2013 Brescia, 13-14 June 2013 Markus BERNDT Head of Division, Policy + Strategy, Economics Department European Investment Bank m.berndt@eib.org Economist for Italy: Luca Gattini,
More informationLong Term Reform Agenda International Perspective
Long Term Reform Agenda International Perspective Asta Zviniene Sr. Social Protection Specialist Human Development Department Europe and Central Asia Region World Bank October 28 th, 2010 We will look
More informationFacing the need for a sustainable growth strategy, Moldova has
IDA at Work Moldova: A Country Ready to Make a Great Leap Forward Facing the need for a sustainable growth strategy, Moldova has been working with the International Development Association (IDA) to address
More informationThe Big Business of Small Enterprises
The Big Business of Small Enterprises An IEG Evaluation of WBG Experience with Targeted Support for SMEs 2006-12 Andrew H. W. Stone IEG, Private Sector JOINT MNSFP-MENA Chief Economist Seminar January
More informationClosing the Gap: The State of Social Safety Nets 2017 Safety Nets where Needs are Greatest
Public Disclosure Authorized Closing the Gap: The State of Social Safety Nets 217 Safety Nets where Needs are Greatest Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized
More informationPromoting Investments in Climate Change Mitigation. Dr. Afifa Raihana, Specialist, Sustainable Energy Finance, South Asia, MENA, IFC 2013
Promoting Investments in Climate Change Mitigation Dr. Afifa Raihana, Specialist, Sustainable Energy Finance, South Asia, MENA, IFC 2013 Climate Change undercuts development 4% GDP 25+% crop productivity
More informationThe Role of Financial System in Promoting Growth in Emerging Economies
The Role of Financial System in Promoting Growth in Emerging Economies Vladimir Tomsik International Conference of Banking Supervisors September 25, 2014, Tianjin, China Contents Size of the financial
More informationIFC SUPPORT TO THE PRIVATE SECTOR STRATEGY AND INSTRUMENTS
IFC SUPPORT TO THE PRIVATE SECTOR STRATEGY AND INSTRUMENTS IFC: A MEMBER OF THE WORLD BANK GROUP IBRD IDA IFC MIGA ICSID International Bank for Reconstruction and Development International Development
More informationAnnex D. Completion and Learning Review Template Document of The World Bank FOR OFFICIAL USE ONLY
Annex D. Completion and Learning Review Template Document of The World Bank FOR OFFICIAL USE ONLY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT [AND/OR INTERNATIONAL DEVELOPMENT ASSOCIATION] [AND/OR
More informationDubai s Growth Drivers
Dubai s Growth Drivers Presentation at the Dubai Economic Outlook 2012 Dr. Nasser Saidi, Chief Economist, DIFC 15 th February, 2012 Agenda 1. BACKGROUND 2. MACROECONOMIC & STRUCTURAL DRIVERS 3. BUILDING
More informationPublic Disclosure Copy. Implementation Status & Results Report Dominican Republic DRM Development Policy Loan with a Cat DDO (P159351)
LATIN AMERICA AND CARIBBEAN Dominican Republic Social, Urban, Rural and Resilience Global Practice Global Practice IBRD/IDA Development Policy Lending FY 2018 Seq No: 1 ARCHIVED on 26-Jan-2018 ISR31220
More informationWJEC (Eduqas) Economics A-level Trade Development
WJEC (Eduqas) Economics A-level Trade Development Topic 1: Global Economics 1.3 Non-UK economies Notes Characteristics of developed, developing and emerging (BRICS) economies LEDCs Less economically developed
More informationFOR OFFICIAL USE ONLY
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank FOR OFFICIAL USE ONLY PROJECT PAPER ON A PROPOSED ADDITIONAL
More informationOECD-US Treasury Conference on Financial Education Washington, DC May 8, 2008
OECD-US Treasury Conference on Financial Education Washington, DC May 8, 2008 Sue Rutledge Regional Coordinator, Corporate Governance and Consumer Protection World Bank srutledge@worldbank.org WORLD BANK
More informationPublic Disclosure Copy
Public Disclosure Authorized LATIN AMERICA AND CARIBBEAN Brazil Urban Development Global Practice IBRD/IDA Development Policy Lending FY 2013 Seq No: 4 ARCHIVED on 27-Apr-2015 ISR18749 Implementing Agencies:
More information02: FINANCIAL SECTOR
Local Currency and Local Capital Markets Development Initiative 23 Banking 23 Trade finance 24 Energy efficiency 24 Syndication 25 Equity investments in banks 25 Other financial services 25 Support for
More informationCESEE DELEVERAGING AND CREDIT MONITOR 1
CESEE DELEVERAGING AND CREDIT MONITOR 1 May 27, 214 In 213:Q4, BIS reporting banks reduced their external positions to CESEE countries by.3 percent of GDP, roughly by the same amount as in Q3. The scale
More informationPROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.:
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized PROGRAM-FOR-RESULTS INFORMATION DOCUMENT (PID) CONCEPT STAGE Report No.: 113653 Program
More informationConsumer credit market in Europe 2013 overview
Consumer credit market in Europe 2013 overview Crédit Agricole Consumer Finance published its annual survey of the consumer credit market in 28 European Union countries for seven years running. 9 July
More informationPublic Disclosure Copy
Public Disclosure Authorized LATIN AMERICA AND CARIBBEAN Brazil Transport Global Practice IBRD/IDA Development Policy Lending FY 2014 Seq No: 3 ARCHIVED on 02-Jan-2015 ISR17516 Implementing Agencies: Public
More informationCASCR Review Independent Evaluation Group
1. CAS Data CASCR Review For Official Use Only 5/30/2013 Country: Belarus CAS Year: FY08 CAS Period: FY08-FY11 CASCR Review Period: FY08-FY12 Date of this review: 5/30/2013 2. Executive Summary i. This
More informationIFC Overview: WBG Risk Mitigation Solutions for Myanmar Infrastructure Projects. June 3, 2015
IFC Overview: WBG Risk Mitigation Solutions for Myanmar Infrastructure Projects June 3, 2015 IFC: A MEMBER OF THE WORLD BANK GROUP IBRD IDA IFC MIGA ICSID International Bank for Reconstructio n and Development
More informationThe World Bank Climate Change and Green Growth in Vietnam (P155824)
Public Disclosure Authorized EAST ASIA AND PACIFIC Vietnam Environment & Natural Resources Global Practice IBRD/IDA Development Policy Lending FY 2016 Seq No: 1 ARCHIVED on 20-Jun-2017 ISR27319 Implementing
More information