Contents
Foreword xiii
Acknowledgments xiv
Acronyms xv
World Bank Group Mission Statement 1
CHAPTER 1
Introduction 3
CHAPTER 2
How the World Bank Group Is Organized 7
Governance of the World Bank Group 8
Founding Documents 8
Ownership by Member Countries 8
Board of Governors 8
Executive Directors 9
World Bank Group President 9
Managing Directors 10
The Five World Bank Group Institutions 10
The World Bank: IBRD and IDA 11
The International Finance Corporation 16
The Multilateral Investment Guarantee Agency 20
The International Centre for Settlement of Investment Disputes 21
Organizing Principles 23
Relationship to the IMF and the United Nations 29
The Bretton Woods Institutions 29
Specialized Agency of the United Nations 31
CHAPTER 3
How the World Bank Group Operates 33
Strategies 34
Millennium Development Goals 34
Strategic Framework and Directions 35
Thematic and Sector Strategies 35
Comprehensive Development Framework 36
Poverty Reduction Strategies 37
Country Assistance Strategies 38
Policies and Procedures 39
Operational Manual 39
Policies at IFC, MIGA, and ICSID 43
The Bank Group’s Finances 43
IBRD and IDA Funding and Lending 43
Funding of IFC, MIGA, and ICSID 44
Trust Funds 44
Financial Reporting: Bank Group Annual Reports 46
Products and Services 47
World Bank Products and Services 47
IFC Products and Services 53
MIGA Products and Services 54
ICSID Products and Services 55
World Bank Project Cycle 55
Project Identification 55
Preparation 56
Appraisal 56
Approval 56
Effectiveness 57
Implementation and Supervision 57
Evaluation 57
Other Monitoring 57
Project Information 58
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IFC Project Cycle 60
Application for IFC Financing 60
Project Appraisal 60
Public Notification 61
Board Review and Approval 61
Resource Mobilization 61
Legal Commitment 61
Disbursement of Funds 61
Project Supervision and Evaluation 61
Closing 61
Project Information 61
Partnerships 62
Institutional Partnerships 62
Bilateral Development Agencies 63
Programmatic Partnerships 63
Nongovernmental Organizations and Civil Society 64
Staff, Consultants, and Vendors 64
World Bank Group Staff 64
Job Openings, Internships, and Scholarships 65
Procurement Opportunities in Projects Financed by IBRD and IDA 66
Supplying Directly to the World Bank Group 67
CHAPTER 4
World Bank Group Countries and Regions 69
Member Countries 72
Membership 72
Ways of Classifying Countries 73
Country Activities and Operations 77
Initiatives for Groups of Countries 78
Regional Groupings 80
Africa (Sub-Saharan) 82
The World Bank in Sub-Saharan Africa 83
IFC in Sub-Saharan Africa 84
MIGA in Sub-Saharan Africa 84
Regional Initiatives 85
East Asia and the Pacific 87
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The World Bank in East Asia and the Pacific 87
IFC in East Asia and the Pacific 88
MIGA in East Asia and the Pacific 89
Regional Initiatives 89
South Asia 91
The World Bank in South Asia 91
IFC in South Asia 92
MIGA in South Asia 93
Regional Initiatives 94
Europe and Central Asia 95
The World Bank in Europe and Central Asia 95
IFC in Europe and Central Asia 97
MIGA in Europe and Central Asia 98
Regional Initiatives 98
Latin America and the Caribbean 100
The World Bank in Latin America and the Caribbean 101
IFC in Latin America and the Caribbean 102
MIGA in Latin America and the Caribbean 103
Regional Initiatives 103
Middle East and North Africa 104
The World Bank in the Middle East and North Africa 104
IFC in the Middle East and North Africa 106
MIGA in the Middle East and North Africa 106
Regional Initiatives 106
CHAPTER 5
Topics in Development 109
Agriculture and Rural Development 110
Agribusiness Department (IFC) 110
Agriculture and Rural Development Department (World Bank) 110
Aid Effectiveness 111
Operations Evaluation 111
Quality Assurance Group 112
Combating Corruption 112
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Conflict Prevention and Reconstruction 113
Debt Relief 114
Economic Research and Data 115
Data and Statistics 115
Research 116
Education 117
Education Department (World Bank) 117
World Bank Institute 118
IFC Investments in Private Education 118
Empowerment and Participation 119
Energy and Mining 121
Environment 122
Environment Department (World Bank) 122
Environment and Social Development Department (IFC) 122
Financial Sector 123
Financial Sector Network (World Bank Group) 123
Global Financial Markets Group (IFC) 124
Gender 125
Globalization 125
Governance and the Public Sector 126
Health, Nutrition, and Population 127
World Bank and Health 127
IFC and Health 129
Indigenous Peoples 130
IFC and Indigenous Peoples 130
Information and Communication Technologies 131
Global Information and Communication Technologies Department 131
Development Communication Division (World Bank) 131
Infrastructure 132
IFC and Infrastructure 132
Labor and Social Protection 133
IFC and Social Protection 134
CONTENTS ix
Law and Justice 135
Poverty 135
IFC on Poverty 136
Private Sector Development 136
Small and Medium Enterprise Department (World Bank Group) 137
Social Development 139
Sustainable Development 139
IFC and Sustainability 140
Trade 140
IFC and Trade 141
Transportation 141
IFC and Transportation 142
Urban Development 142
Water 143
IFC and Water Resources 143
Appendixes 145
A Contacting the World Bank Group 147
B Timeline of World Bank Group History 151
C Presidents of the World Bank Group 159
D Country Membership in World Bank Group
Institutions 161
E Constituencies of the Executive Directors 169
F World Bank Sectors 179
G Additional Country Resources 181
Index 239