Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized The World Bank Group The World Private SectorDevelopment Smart Business Smart Development Resource Guide The World Bank Group IBRD IDA IFC MIGA ICSID Private Sector Development Resource Guide Smart Business Smart Development September 2002 A product of The World Bank Group Foreword The Smart Business • Smart Development Resource Guide briefly introduces the World Bank Group's private sector activities that support sound policy development and private initiative in develop- ing countries. The World Bank Group continues to provide support to policies of member-governments that seek to expand benefits of private sector participation in economies, contributing to promoting growth, expanding markets, and alleviating poverty. The effort to alleviate poverty requires strong partnerships between governments, private sector, civil society, donors, multilateral development institutions and others. These partnerships enable governments and other agents to tap into the resources and vision of the private sector as well as the energy and commitment of the public sector and civil society, and are key to mobilizing development finance and promoting policy reform, institution building and knowledge dissemination. The Smart Business.• Smart Development Resource Guide is a quick reference tool for govern- ments and businesses that want to partner with the World Bank Group to fight poverty with passion and contribute to development that is socially and environmentally sustainable, creating a better world for the future of our children. The hope is that it will be another step in a mutually productive relationship that will bring the developing world closer to our goals. James D. Wolfensohn President The World Bank Group THE WORLD BANK GROUP ● iii Contents Foreword ..................................................................................... iii by World Bank Group President James D. Wolfensohn Introduction to the World Bank Group .................................... 3 IBRD/IDA ................................................................................. 3 IFC ............................................................................................ 3 MIGA ....................................................................................... 4 ICSID ........................................................................................ 4 How You Can Work With the World Bank Group .................. 7 If You Are An Investor ............................................................. 7 Project Finance ................................................................. 7 Issuing and Underwriting Securities................................ 8 If You Need Risk Management Support.................................. 8 Guarantees of Private Debt (IBRD/IDA) ........................... 8 Loan Syndications (IFC) .................................................... 9 Financial Risk Management (IFC)................................... 10 Political Risk Insurance (MIGA)...................................... 10 If you Need Investment Promotion Advice ........................... 10 Investment Promotion Advisory services (MIGA) .......... 10 Online Investment Promotion Services .......................... 11 Mediation and Legal Services ....................................... 12 If You Need Financial Sector Guidance................................. 13 Financial Sector Development ....................................... 13 If You Have a Small or Medium Enterprise ........................... 14 Project Development Facilities (joint WB/IFC)............... 14 SME Capacity Building Program .................................... 18 Micro-Enterprise Finance (CGAP)................................... 19 If You Need Private Sector, Infrastructure Advice ................ 19 Private Sector Advisory Services ................................... 19 Foreign Investment Advisory Service............................. 20 Telecommunications & Information Technologies ......... 21 Oil, Gas, Mining & Chemicals ........................................ 24 Energy............................................................................. 24 Transport ........................................................................ 25 Urban Development ....................................................... 26 Water and Sanitation ..................................................... 26 If You Are a Consultant ......................................................... 27 Technical Assistance Trust Funds (IFC) .......................... 27 Consultant Trust Fund Program (WB) ............................. 28 Projects Financed by the World Bank Group ................. 28 Procurement: Ensuring Compliance and Building Capacity ............................................................... 31 Procurement In World Bank-Financed Projects..................... 31 Public Procurement Reform ................................................... 33 World Bank Group Procurement ............................................ 34 Where to Get More Information ............................................. 37 General Information Contacts ............................................... 37 Regional Contacts ................................................................. 40 Sectoral Contacts .................................................................. 43 InfoShop ................................................................................ 44 Project Information and Documents...................................... 45 Publications, Public Information Centers .............................. 46 How To Contact Us Overseas.................................................. 51 THE WORLD BANK GROUP ● v Introduction to the World Bank Group International Bank for Reconstruction and Development/International Development Association (IBRD/IDA) International Finance Corporation (IFC) Multilateral Investment Guarantee Agency (MIGA) International Centre for Settlement of Investment Disputes (ICSID) Introduction to the World Bank Group The World Bank Group1 is a family of international development agencies that provides financing and advice to support development projects and economic reform in developing and emerging economies. Almost every country in the world is a member of the World Bank Group organizations. The Bank Group is headquartered in Washington, D.C., and has representative offices in more than 90 countries worldwide. The World Bank Group consists of: International Bank for Reconstruction and Development/International Development Association (IBRD/IDA) The International Bank for Reconstruction and Develop- ment (IBRD) and the International Development Association (IDA) share the same staff and management and together are known as the World Bank. The IBRD extends loans directly to middle-income developing country governments or to enterprises and other entities in these countries with the guarantee of the government concerned. The IBRD finances its lending operations primarily through borrowings in the world markets. IDA finances projects in the poorest countries by making credits available to them on concessional terms. The aim is to help improve the living standards of the poorest countries and achieving faster environmentally sustainable growth. The bulk of IDA resources comes from voluntary contribu- tions from its wealthier member country governments. The IBRD and IDA increasingly co-finance their projects with funds from other sources, such as governments, commercial banks, export-credit agencies, and other multilateral institutions. International Finance Corporation The International Finance Corporation (IFC) fosters sustainable economic growth in the developing world by financing private sector development, mobilizing capital in the international financial markets, and providing country, industry, financial, and technical advisory services. It is the largest multilateral source of financing for private enter- prises in emerging markets. In partnership with private investors, IFC provides loans and equity finance for business ventures in developing countries and helps them THE WORLD BANK GROUP ● 3 stimulate the flow of savings and investment. It further promotes economic development by working to build efficient capital markets. IFC works directly with entrepre- neurs, companies, and financial institutions interested in starting a venture or expanding an existing enterprise. Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency (MIGA) was established in 1988 to encourage foreign direct investment in developing countries by providing: ● Investment guarantees (insurance) to private investors against the risks of transfer restriction, expropriation, breach of contract, and war and civil disturbance in the host country; ● Technical assistance and advisory services to developing countries to help them define and implement strategies to promote investment. MIGA also develops and deploys tools and technologies to support the spread of information on investment opportunities; and ● Dispute mediation, through which MIGA helps governments and investors resolve their differences, and ultimately improve the country’s investment climate. International Centre for Settlement of Investment Disputes The International Centre for Settlement of Investment Disputes (ICSID) is an autonomous international organization having close links with the World Bank. ICSID provides facilities