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Strengthening Collaboration: Third Workshop between Norway and the World Bank Group (2005)

This report summarizes the key outcomes and discussions from the Third Workshop on Dialogue and Collaboration between Norway and the World Bank Group, held on May 26-27, 2005. Key topics covered include financial instruments such as investment loans, policy-based loans, emergency loans, and technical cooperation. The workshop aimed to enhance lending policies, improve country focus, and support development effectiveness. The meeting also discussed new lending frameworks, private sector initiatives, and efforts to achieve the Millennium Development Goals through social inclusion.

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Strengthening Collaboration: Third Workshop between Norway and the World Bank Group (2005)

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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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