Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized a guide to The World Bank a guide to The World Bank a guide to The World Bank WASHINGTON, D.C. © 2003 The International Bank for Reconstruction and Development / The World Bank 1818 H Street, NW Washington, DC 20433 Telephone 202-473-1000 Internet www.worldbank.org E-mail [email protected] All rights reserved. 4 5 6 7 09 08 07 06 The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily reflect the views of the Board of Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. 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Photo credits Cover photos (clockwise from top): World Bank; Yemen Social Fund; World Bank Interior photos: p. 2, Yemen Social Fund; p. 6, World Bank; p. 10, World Bank; p. 32, World Bank; p. 68, World Bank; p. 109, World Bank Soft cover: ISBN 0-8213-5344-6 Hard cover: ISBN 0-8213-5830-8 Library of Congress Cataloging-in-Publication Data A guide to the World Bank Group. p. cm. Includes index. Soft cover: ISBN 0-8213-5344-6 Hard cover: ISBN 0-8213-5830-8 1. World Bank Group. 2. Developing countries—Economic conditions. I. World Bank. HG3881.5.W57G853 2003 332.1'53—dc21 2003053457 Contents Foreword xiii Acknowledgments xiv Acronyms xv World Bank Group Mission Statement 1 CHAPTER1 Introduction 3 CHAPTER2 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 v Relationship to the IMF and the United Nations 29 The Bretton Woods Institutions 29 Specialized Agency of the United Nations 31 CHAPTER3 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 vi A Guide to the World Bank 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 CHAPTER4 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 CONTENTS vii 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 CHAPTER5 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 viii A Guide to the World Bank 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 x A Guide to the World Bank Boxes Box 1.1 The Five World Bank Group Institutions 4 Box 2.1 World Bank Group President James D. Wolfensohn 10 Box 2.2 Origin of the Term “World Bank” 11 Box 2.3 Basic Facts: International Bank for Reconstruction and Development 12 Box 2.4 Basic Facts: International Development Association 16 Box 2.5 Basic Facts: International Finance Corporation 16 Box 2.6 Basic Facts: Multilateral Investment Guarantee Agency 20 Box 2.7 Basic Facts: International Centre for Settlement of Investment Disputes 22 Box 3.1 Millennium Development Goals for 2015 35 Box 3.2 Poverty Reduction Strategies: Key Steps 37 Box 3.3 Reporting Fraud or Corruption 42 Box 3.4 Web Links for Products and Services 47 Box 3.5 Financial Terms for New World Bank Loans 48 Box 3.6 Obtaining World Bank Group Publications 52 Box 3.7 Web Links for Project Information, Disclosure, and Evaluation 59 Box 3.8 Web Links for Partnerships 62 Box 4.1 Web Links for Country Membership Information 72 Box 4.2 IBRD Graduates 78 Box 4.3 Key Facts for IBRD Countries in Sub-Saharan Africa, 2002 83 Box 4.4 Key Facts for IBRD Countries in East Asia and the Pacific, 2002 88 Box 4.5 Key Facts for IBRD Countries in South Asia, 2002 92 Box 4.6 Key Facts for IBRD Countries in Europe and Central Asia, 2002 96 Box 4.7 Key Facts for IBRD Countries in Latin America and the Caribbean, 2002 101 Box 4.8 Key Facts for IBRD Countries in the Middle East and North Africa, 2002 105 Box 5.1 Web Links for Data and Statistics 115 Figures Figure 1.1 Net financial flows to developing countries (1995–2002) 5 Figure 2.1 Relationship of member countries and the World Bank Group 8 Figure 2.2 Voting power of the largest shareholders of IBRD 9 Figure 3.1