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Working for the People in Mashreq- Brochure Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized IN MASHREQ THE FOR PEOPLE WORKING IRAQ, LEBANON, JORDAN, IRAN AND SYRIA IRAN JORDAN, LEBANON, IRAQ, FOR MORE INFO, PLEASE CONTACT: Mona Ziade, [email protected] Zeina El Khalil, [email protected] The World Bank Group PHOTO CREDITS Front Cover-Left: Gerhard Jörén/World Bank Front Cover-Center: Mohamad Azakir/World Bank WORKING FOR THE PEOPLE Front Cover-Right: Mohamad Azakir/World Bank Page 8: World Bank Photo Collection Page 12: World Bank Photo Collection Page 13: Mohamad Azakir/World Bank IN MASHREQ Page 16: World Bank Photo Collection Page 17: Arne Hoel/World Bank Page 19: Mohamad Azakir/World Bank IRAQ, LEBANON, JORDAN, IRAN AND SYRIA Page 20: World Bank Photo Collection Page 22: Mohamad Azakir/World Bank Page 23: Mohamad Azakir/World Bank Page 25: World Bank Photo Collection Page 26: Dominic Chavez/World Bank Page 28: World Bank Photo Collection Page 29: Bulent Kilic/AFP/Getty Images Page 31: Ahmad Al Hayali Page 32: Dominic Chavez/World Bank Page 34: Dominic Chavez/World Bank Page 35: Dominic Chavez/World Bank Page 37: Dominic Chavez/World Bank Page 38: World Bank Photo Collection Page 40: Mohamad Azakir/World Bank Working for the People in Mashreq HIGHLIGHTED PROJECTS Economic Opportunities for Jordanians and Syrian Refugees (Jordan) 16 Emergency Social Stabilization and Resilience Project (Iraq) 16 Table of Contents 18 Micro, Small and Medium Enterprise Development for Inclusive Growth Project (Jordan) Supporting Innovation in Small and Medium Enterprises Project (Lebanon) 19 Who We Are 5 Roads and Employment Project (Lebanon) 19 Main World Bank Financing Instruments 7 Baghdad Water Supply and Sewerage Improvement Project (Iraq) 21 The World Bank Group Middle East and North Africa Strategy 8 Greater Beirut Public Transport Project (Lebanon) 22 The World Bank in the Mashreq 10 Water Supply Augmentation Project (The Bisri Dam) (Lebanon) 24 Strengthening the Resilience of Poor and Vulnerable Groups 13 Emergency/Municipal Services and Social Resilience Project (Jordan) 25 Growth for Jobs 17 Social Fund for Development (Iraq) 27 Maximizing Finance for Development 20 National Volunteer Service Program (Lebanon) 28 Climate-Smart Infrastructure for Essential Services 23 Damage and Needs Assessment (Iraq) 30 Citizen Engagement 26 Emergency Operation for Development Project (Iraq) 31 Building Back Better 29 Syria Economic and Social Impact Assessment: The Toll of War (Syria) 31 Capturing Human Capital 32 Education Reform Support Program (Jordan) 33 Effective Governance, Finance and Markets 35 Lebanon Health Resilience Project (Lebanon) 34 38 Supporting Reforms and Strengthening Service Delivery Modernization of Public Financial Management Systems Project (Iraq) 36 Promoting Financial Inclusion Policies Project (Jordan) 37 Lebanon Economic Opportunities Diagnostics (Lebanon) 37 Analytical Work in Iran/Iran Economic Monitor (Iran) 37 Emergency Fiscal Stabilization, Energy Sustainability, and State-Owned Enterprise Transparency Development 39 Policy Financing/ Second Expenditure Rationalization, Energy Efficiency and State-Owned Enterprise Governance Programmatic Development Policy Financing (Iraq) First and Second Programmatic Energy and Water Sector Reforms Development Policy Loans (Jordan) 40 2 WHO WE ARE The World Bank Group as a Global Institution he International Bank for Reconstruction and Headquartered in Washington, DC, the World Bank T Development (IBRD) was founded in 1944 to works like a cooperative made up of 189 member help rebuild countries devastated by World War II. countries—or shareholders—who are represented by Since then, it has expanded from a single institution a Board of Governors, the ultimate policy makers at to a closely associated group of five development the World Bank. Specific duties are delegated to a institutions working to end poverty around the world. 25-member board of Executive Directors, who work on In addition to the International Bank for Reconstruction site at the Bank. With more than 10,000 employees and Development (IBRD), which operates in middle- in more than 120 offices worldwide, the World Bank income countries, the World Bank Group (WBG) operates under the day-to-day leadership and direction includes the International Development Association of the president, management, and senior staff. (IDA), which supports the poorest countries through interest-free or very low interest credits and grants; the International Finance Corporation (IFC), which provides loans, equity and advisory services to stimulate private sector investment in developing countries; the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). References to the “World Bank” typically mean the IBRD and IDA. 4 5 v WHO WE ARE The World Bank Group as a Global Institution Main World Bank Financing Instruments Since 2013, the World Bank has redoubled its efforts at zero and low interest credits, and grants support a wide array achieving two overarching goals: of investments in education, health, public administration, • Ending extreme poverty by reducing the share of the global infrastructure, urban and social development, financial and BANK INSTRUMENTS, PRODUCTS AND FUNDING SOURCES population living on less than $1.90 per day to 3 percent private sector development, agriculture, and environmental Bank Instruments Financial Products by 2030; and and natural resource management. These investments are Advisory Services and Analytics • Promoting shared prosperity by increasing the income underpinned and complemented by cutting-edge analytical Investment Project Finance (IPF) General Financing (ASAs): Providing research, growth of the bottom 40 percent of the population of every and advisory services, leveraging the WBG’s global knowledge Project support, disbursement based on Grants, Credits, and Loans analysis and technical assistance country in a sustainable manner. and country-level expertise. reimbursement of expenditures ring-fenced for a defined set of activities. Hedging Products is a vital part of the World Bank’s With capital currently totaling over $250 billion, the World In fiscal 2017, the WBG’s global commitments grew to $64.2 Interest Rate, Currency, and Commodity. contribution to development. Bank is a vital source of financial and technical assistance to billion in loans, grants, equity investments, and guarantees Development Policy Finance (DPF) These services aim to assist General, non-earmarked budget support- Disaster Risk Financing developing countries around the world. Low-interest loans, supporting partner countries and private businesses. Insurance pools, weather hedges, among member governments in their disburses against policy/institutional others. adoption of better policies, actions. programs and reforms that can WBG – EVOLVING TO MEET GLOBAL CHALLENGES Program for Results (Pfor R) lead to greater economic growth Expenditure program support, uses and poverty reduction. Products government systems and disburses against range from reports on key issues, achievement of defined and verified results. to policy notes, to workshops and conferences. 1944 1956 1960 1966 1988 IBRD established to provide IFC established in recognition of IDA established to address the ICSID established to address the MIGA established to address Funding Sources long-term finance to post-war the role of the private sector as need for softer loan terms, advice need to promote international the need to enable financial reconstruction. Evolved to sharpen an enabler of development; aimed and grants to boost economic investment by providing investment and enhance the IDA, IBRD, Trust Funds, and recent financing initiatives (e.g. Global Concessional its focus on developing countries to address the need to provide growth, reduce inequalities and confidence in the dispute flow of capital and technology to and addressing global poverty. financing for the private sector improve living conditions in the resolution process disputes developing countries, consistent Financing and Pandemic Emergency Financing Facilities) in areas deemed “too risky” for poorest countries. between states and foreign private with developmental needs and commercial finance. investors. objectives. 1950s 1960s 1970s 1980s 1990s 2000s 2010s 6 7 Working for the People in Mashreq The WBG Middle East and North Africa The Strategy is built around the following four pillars: (MENA) Strategy puts the goal of promoting 1. Renewing the social contract – to generate a new development model peace and social stability in the MENA that is built on greater citizen trust; more effective protection of the region at its center, and aims to use the poor and vulnerable; inclusive and accountable service delivery; and WBG’s strengths to generate, curate and a stronger private sector that can create jobs and opportunities for transfer knowledge, convene power as a MENA’s youth; global institution, and leverage its own financial resources and expertise to help 2. Regional cooperation – particularly around regional public goods and meet financing needs. sectors such as education, water, and energy to foster greater trust and collaboration across MENA countries; 3. Resilience – to refugee and migration shocks by promoting the welfare of refugees, internally displaced persons (IDPs), and host communities by focusing on building trust and building their assets; and 4. Reconstruction and recovery
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