The Third Workshop Dialogue Collaboration between Norway and the World Bank Group May 26-27, 2005

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The Third Workshop DialogueCollaboration
between Norway and the World Bank Group May
26-27, 2005

• Christina Wedekull

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Constituency Countries

• Austria
• Denmark
• Finland
• France
• Norway
• Spain
• Sweden

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Capital Shares and Voting Power
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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)

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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

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Latest News

• Korea becoming member of the Bank
• New lending framework
• Trust Fund Reform (Consultant and Thematic Funds)
• Strengthening of achievement of the MDGs
• Retooling and Decentralization to country offices
• Use of New Instruments SWAPs etc

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Latest News (cont.)

• Private Sector reorganization
• Implementation of Regional Public Goods (RPGs)
• Harmonization and Coordination Agenda, especially
  at country level
• Implementation of Development Effectiveness Agenda

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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

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Norways Flagships

• Gender Issues - Prolead
• Initiative on Social Capital, Ethics and Dev.
• Trust Funds
• Consulting Services 1 million
• Finance Consulting Services
• Any sector of the IDBs 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.

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Constituency Office Contacts

• Christina Wedekull 202-623-3715
  christinaw_at_iadb.org
• Seija Toro 202-623-1056 seijat_at_iadb.org
• Lars-Henrik Worsoe - Starting July 1