The World Bank’s principle institutions—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—work in ever-closer coordination with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) to leverage the collective strength of the World Bank Group for the benefit of its partner countries. It provides concessional development credits, grants, and guarantees to support these countries’ efforts to increase economic growth, reduce poverty, and improve the living conditions of the poor. The Systematic Country Diagnostic has added considerable value to the Bank Group’s engagement with countries through a robust empirical and analytical basis for prioritizing interventions.
Anchored in the World Bank Group Strategy, the IDA17 policy package included a range of policy commitments and performance indicators under IDA’s Results Measurement System. IBRD issues its securities through both global offerings and bond issues tailored to the needs of specific markets or investor types. Corporate sectors that need to service large, unhedged foreign currency borrowing could face stress in the face of sharp exchange rate moves.

It also highlights additional environmental issues, including the estimation of project greenhouse gas emissions, the sustainable management of living natural resources, and water management. One summary measure of IBRD’s risk profile is the ratio of equity to loans, which is closely managed in line with its financial and risk outlook. Administrative expenses have been recovered primarily through service charges paid by recipient countries. In addition, India, which graduated from IDA in fiscal 2014, received transitional support on an exceptional basis through the IDA17 period, covering fiscal years 2015–17. The World Bank Environmental and Social Framework. All IBRD bonds support sustainable development. Provides organizational charts for the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).

Credit reflows (principle and interest repayments) from IDA recipients provided SDR 11.1 billion ($16.8 billion). In addition, IBRD has put in place a strong risk management framework, which supports management in its oversight functions. Budgeting effectively for complex development issues. The framework goes beyond the establishment of rules-based and compliance-oriented systems. This ratio stood at 22.8 percent as of June 30, 2017. The World Bank Group aligns its resources using the “W” process for strategic planning, budgeting, and performance review.
The five points of the “W” represent specific decision points in the process: W1: Senior management sets strategic planning priorities for the World Bank Group.W2: Management at the vice presidential unit (VPU) level reviews and responds to corporate priorities.W3: Senior management refines the guidance on priorities for each institution within the World Bank Group.W4: VPU-level management develops work programs and staffing plans in response to determined priorities and planned budget envelopes.W5: Senior management reviews the aggregation of the VPU-level budgets. These member countries, or shareholders, are represented by a Board of Governors , who … The World Bank Group’s Chief Risk Officer leads the risk oversight function, independently reports to the Board on an ongoing basis, and supports the institutional decision-making process via dedicated risk committees. In some countries, large contingent liabilities could be a source of risk and disruption. Three IDA18 special themes were retained from IDA17— climate change; gender and development; and fragility, conflict, and violence—and two new themes were introduced—governance and institutions, and jobs and economic transformation—which align with the overarching theme of “Toward 2030: Investing in growth, resilience, and opportunity.”, IBRD and IDA risk management transactions. IBRD issues bonds to investors in various currencies, maturities, and markets, and at fixed and variable terms. The framework offers broader and more systematic coverage of environmental and social risks. The Bank has undertaken a Refreshing Our Values initiative that aims to unify staff around an aspirational work culture and the principles that guide the desired organizational behavior. Traditionally IDA has been funded largely by contributions from developed and middle-income partner countries. Under the terms of the general and selective capital increase resolutions approved by the Board of Governors on March 16, 2011, subscribed capital is expected to increase by $87.0 billion, $5.1 billion of which will be paid in. Public procurement—the process by which public authorities purchase work, goods, or services from companies—accounts for at least 15 percent of GDP in developing economies. This framework—the result of the most extensive consultations ever conducted by the Bank—is expected to go into effect in 2018. Collaborating across the World Bank Group. Recognizing this opportunity and responsibility, the Bank enacted a new Procurement Framework to help countries make the best use of their public spending while enhancing the strategic role of procurement in development effectiveness. IFC is providing $300 million in financing for the project sponsor, and MIGA is providing $217 million in guarantees against risk to support the sponsor’s commercial borrowing needs. Find this content or eLibrary access in a library near you using, subscriptions for institutions, please see, https://doi.org/10.1596/978-1-4648-0484-7_organizational_structure. Market interest rate expectations could adjust abruptly in response to higher inflation or fiscal policy developments, which would affect both interest rates and risk appetite. The Board reviews and approves the VPU budget envelope for the subsequent fiscal year. These include the World Bank Group Corporate Scorecard, the IDA Results Measurement System, and regular opportunities to discuss progress on operations with the Bank’s Board of Executive Directors. Abstract: Provides organizational charts for the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).


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