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Bank Information Center

Bank Information Center. International Financial Institutions 101. IFI basics: what’s inside. What are the IFIs and why are they important? Which IFIs are active in your region and country? What is the WBG and what does it do? How is the WBG active in your country? Why work on the IFIs?

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Bank Information Center

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  1. Bank Information Center International Financial Institutions 101

  2. IFI basics: what’s inside • What are the IFIs and why are they important? • Which IFIs are active in your region and country? • What is the WBG and what does it do? • How is the WBG active in your country? • Why work on the IFIs? • What influences the IFIs?

  3. What are the IFIs and why are they important? IFIs are publicly owned institutions (controlled by member countries) that provide financing to governments and corporations operating in the “developing” world and transition economies • Multilateral Development Banks (MDBs) • World Bank Group (WBG) • African Development Bank (AfDB) • Asian Development Bank (ADB) • Inter-American Development Bank (IDB) • European Bank for Reconstruction and Development (EBRD) • Islamic Development Bank (IsDB) • International Monetary Fund (IMF) • Others: European Investment Bank, Export Credit Agencies (ECAs) Public interest missions: poverty reduction

  4. IFIs active in North Africa • WBG (IDA, IBRD, IFC, MIGA) • IMF • EIB • AfDB • IDB

  5. What is the WBG and what does it do? Arguably the world’s most influential “development” institution, although no longer the largest international financier • Lender– four financing arms, providing funds to government and companies • Knowledge broker – cornered the research market • Gatekeeper– influences decisions of other donors, country and company access to financing

  6. The World Bank GroupHow does it work? BOARD OF GOVERNORS One representative for each of 184 member countries Meets once per year ICSID Est.1966; settles arbitration disputes between foreign investors and governments. BOARD OF DIRECTORS 24 Executive Directors represent all 184 member countries Day to day decision-making on projects and policies WORLD BANK PRESIDENT Oversees all five arms of the World Bank Group Inspection Panel CAO Public sector Private sector IBRD Est. 1944 Medium-term, near market rate loans to middle income countries IDA Est. 1960 Long-term, concessionary loans and grants to poorer countries IFC Est. 1956 Loans, equity and technical assistance to private sector MIGA Est. 1988 Political risk insurance to investors

  7. Project cycle • CAS (country assistance strategy) • Identification • Preparation, Appraisal and Board Approval • Implementation and Supervision • Implementation and Completion • Evaluation

  8. WBG in North Africa The Arab World Initiative • Integration to the global economy • Regional integration • Employment • Marginalized and minorities (women and youth) • Governance • Water

  9. IDA & IBRD in MENA • The Bank committed $1.5 billion in loans, credits, and grants to the region in fiscal 2008. • The Bank delivered 44 economic and sector work activities and 85 non-lending technical assistance activities in fiscal 2008.

  10. IFC in MENA • In fiscal year 2008, IFC investment commitments reached $1.4 billion for 50 projects, up from $1.2 billion for 40 projects in fiscal year 2007 and $668 million for 29 projects in fiscal year 2006. • PEP/MENA (Private Enterprise Partnership)

  11. African Development Bank • Same Mandate as the World Bank • Same management system • North Africa is the largest borrower region (most important Morocco, Tunisia and Egypt) • Major sectors: financial, power and transportation.

  12. The IFIs and your rights • Access to information: the right to know and disclosure policies at the WBG • Public information • Safeguard policies: social and environmental protections • Accountability: public complaint mechanisms • Inspection Panel (IDA/IBRD) • Compliance Advisor Ombudsman (IFC/MIGA)

  13. Why work on the IFIs? • advocacy targets: finance problematic policy reforms and investments • sources of information: documents, data, contacts • sources of pressure on governments and companies: influence through financing, advice and assessment • channels of access to accountability: public institutions with unique obligations, standards, commitments and complaint mechanisms • lightning rods for international attention: increased access to international advocacy networks and media

  14. What influences IFIs? • Government owners of Banks (Finance Ministers, Boards of Directors; Parliaments) • Why? stake in institution—reputational, legal, financial • Media (public and commercial opinion) • Why? Reputational pressure; Bank has international cache, influence on international markets and actors • Social mobilization (people on the ground) • Why? ability to stop and alter projects/policies through protest, mobilization

  15. Visit: www.bicusa.org Contact: info@bicusa.org

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