2 Members of the World Bank Group International Bank for Reconstruction and Development - IBRDEstablished 1944 | 186 MembersFiscal 2009 lending: $32.9 billion for 126 new operations in 42 countriesSupports Middle-income Countries through loans, guarantees and advisory workFunds itself through issuance of AAA bonds in the international capital marketsInternational Development Association - IDAEstablished 1960 | 169 MembersFiscal 2009 commitments: $14.0 billion for 177 new operations in 63 countriesSupports the world’s poorest countries through soft-loans, grants and guaranteesIs replenished through periodic donor contributions, World Bank Group net income and credit reflowsInternational Finance Corporation - IFCEstablished 1956 | 182 MembersFiscal 2009: $10.5 billion committed for 447 projects in 103 countriesSupports the private sector through loans, equity and guarantees; funds itself through AAA bondsMultilateral Investment Guarantee Agency - MIGAEstablished 1988 | 174 MembersSupports investors in developing countries through political risk insuranceInternational Centre for Settlement of Investment Disputes - ICSIDEstablished 1966 | 143 MembersProvides mediation and arbitration services for investors in developing countries
3 History behind IDAStudies by the United Nations and the United States in the 1950’s advocated the creation of a program to offer multilateral aid on concessional terms.IDA was conceptualized to provide ‘soft-loans’ to developing countries to build infrastructure and improve quality of life.With an initial funding of $912.7 million, IDA was launched on September 24, with 15 signatory countries - Australia, Canada, China, Germany, India, Italy, Malaysia, Norway, Pakistan, Sudan, Sweden, Thailand, United Kingdom, United States, and Vietnam.
4 IDA has grown substantially over time Since 1960, IDA credits and grants total $207 billion.IDA grew by 10% per year. In real terms, following stagnating volumes in the 1980s and 90s, IDA has grown significantly over the past 3 replenishments.IDA14 ( ) provided $32 billion over 3 years, some $11 billion per year. IDA15 ( ) will provide $42 billion, or some $14 billion per year.Total size of IDA Replenishments ($ million)
5 IDA Members IDA has 169 member countries today, including: 79 recipient countries - the world’s poorest countries (GNI per capita of less than $3 per day).Home to 2.5 billion people, ½ the population of the developing world.Some 1.5 billion people there survive on less than $2 per day.35 countries have graduated from IDA (of which 8 countries have ‘reverse-graduated’)45 donor countries, including former IDA recipients (China, Egypt, Korea, Turkey) plus many Middle-income Countries.
6 In 2009, IDA allocated 56% to Africa Share of IDA Financing in Fiscal Year 2009 of $14 billion
7 IDA is country-based and results-driven Country-based development approachAssistance aligned with countries’ own development strategiesAssistance not pre-determined or earmarkedAssistance is harmonized with other donorsCloser to the client: Increased decentralizationStrong results focusIDA Results Measurement SystemSupporting governments to improve their national monitoring , evaluation and statistical capacityStrong oversight by the World Bank’s Independent Evaluation Group (IEG)Challenges: Attribution of results and difficulties in measuring outcomes - Quantitative measures complemented by case studies
8 World Bank Assistance to Africa, by Theme, Fiscal Year 2009 Focus in Africa on Rural and Human Development and the Financial & Private SectorsWorld Bank Assistance to Africa, by Theme, Fiscal Year 2009
9 Outcome of the IDA15 Replenishment Size of IDA Replenishments, IDA1 – IDA15, $ millionin USD equiv. billionIDA15SourcesUSD bnin %New Donor Pledges12.517.725.47.743%Reflows9.212.712.6-0.1-1%of which: Debt relief under MDRI0.03.86.32.566%Agreed IBRD/IFC Transfers0.91.63.92.3140%Total Funding22.618.104.22.1680%Additional IBRD/IFC Transfers0.4Total actual funding32.5FX rate used: USD/SDR1.2721.4641.524Note: Numbers may not add up due to rounding. Amounts do not reflect hedging.IDA13IDA14IDA15 vs. IDA14IDA15 provides some $42 billion, or $14 billion per year. This compares with some $11 billion per year in IDA14, and some $8 billion in IDA13.45 donors support IDA15, including 6 new donors to IDA (China, Cyprus, Egypt, Estonia, Latvia, and Lithuania)Strong contribution from World Bank Group net income (IBRD and IFC)
10 IDA15 Disbursements and Commitments to date IDA disbursements are up 88% in the first 4 months of fiscal year vs. the prior yearIDA commitments are up 50% in IDA15 to date (July 2008 – October 2009) vs. the same period in IDA1410
11 Examples of IDA’s Results (FY 2006-09) Education and Health1 million additional teachers became qualified to teach at primary level600,000 additional classrooms were constructed or rehabilitatedMore than 7 million people gained access to basic health, nutrition or population services275,000 health personnel trained, and 2,000 health facilities constructed, renovated or equipped7.2 million children received a does of Vitamin A, and over 800,000 children have been immunized7.8 million pregnant women received ante-natal care18.5 million insecticide-treated malaria nets were purchased and/or distributedRoad Transport and Water Supply2,480 km of rural roads constructed or rehabilitated1,790 km of non-rural roads constructed or rehabilitatedAbout 8,500 community water points were constructed or rehabilitatedAbout 60,500 new piped household water connections were establishedAnother 146,500 water connections were rehabilitated1,360 water utilities and water service providers are being supported
12 Another form of results: IDA Graduates Of 104 borrowing members, one quarter (27 countries) graduated and left IDA.