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Christina Wedekull

The Third Workshop Dialogue Collaboration between Norway and the World Bank Group May 26-27, 2005. Christina Wedekull. Constituency Countries. Austria Denmark Finland France Norway Spain Sweden. Capital Shares and Voting Power. Financial Instruments.

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Christina Wedekull

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  1. The Third Workshop DialogueCollaboration between Norway and the World Bank Group May 26-27, 2005 Christina Wedekull

  2. Constituency Countries • Austria • Denmark • Finland • France • Norway • Spain • Sweden

  3. Capital Shares and Voting Power

  4. Financial Instruments • INVESTMENT LOANS:loans to finance goods, works and services Products: Specific Projects, Loans for Multiple Works, Global Credit Loans, Loans for Emergency Reconstruction, Innovation Loans, Sector Facility Loans, Multiphase Loans, Conditional Credit Lines (CCLIPs), Performance-Driven Loans (PDL), Sector Wide Approaches (SWAps) • POLICY-BASED LOANS (aka Sector Loans, PBLs): fast-disbursing loans to support macro economic and legal / institutional reforms • EMERGENCY LOANS: to help countries undergoing financial crises • TECHNICAL COOPERATION:primarily grants • EQUITY INVESTMENT, GUARANTEES & SYNDICATIONS: PRI & IIC (2 of 3 Private Sector Windows)

  5. New Lending Framework Adopted by Board of Governors in Okinawa, covering 2005-08 • Objectives: • Make lending policies and instruments more effective and flexible • Strengthen country programming and enhance country focus • Adopt a programmatic approach • Focus on results and “outcomes” – Development Effectiveness • Harmonize procedures with other MDBs • Increase reliance on country systems • Ordinary Capital authorization 2005-08: • Investment Loans: $20.6 billion • Policy-Based Loans: $9.8 billion approvals; $7.6 billion disbursements • Emergency Loans: $6 billion (revolving aggregate) • FSO authorization: • Policy-Based Loans: $100 million annually

  6. Latest News • Korea becoming member of the Bank • New lending framework • Trust Fund Reform (Consultant and Thematic Funds) • Strengthening of achievement of the MDG’s • Retooling and Decentralization to country offices • Use of New Instruments – SWAP’s etc

  7. Latest News (cont.) • Private Sector reorganization • Implementation of Regional Public Goods (RPG’s) • Harmonization and Coordination Agenda, especially at country level • Implementation of Development Effectiveness Agenda

  8. Private Sector Discussion • Three windows: • PRI • IIC • MIF • Relevance • Private Sector Development Strategy and Implementation Plan adopted and in-folding • Future institutional set-up being discussed • Private Sector Coordinator appointed

  9. Norway’s Flagships • Gender Issues - Prolead • Initiative on Social Capital, Ethics and Dev. • Trust Funds • Consulting Services – 1 million • Finance Consulting Services • Any sector of the IDB’s activities • Achieving the Millennium Development Goals • 50% Tied • Social Inclusion – 2.8 million • Promote sustained and integrated programs and policies to address social inclusion by targeting traditionally excluded groups including indigenous and Afro-descendant populations, persons living with HIV/AIDS, persons with disabilities and poor women.

  10. Constituency Office Contacts • Christina Wedekull 202-623-3715 christinaw@iadb.org • Seija Toro 202-623-1056 seijat@iadb.org • Lars-Henrik Worsoe - Starting July 1

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