1. The World Bank Group -Special Lecture at Incheon National University
Ms. Joyce Msuya
Special Representative
World Bank Group Korea Office
2nd, November 2015

2. PART 1 OUR INSTITUTION: The World Bank Group (WBG): Twin Goals
The WBG – Five Organizations
The WBG: A Global Footprint
The World Bank: IDA and IBRD
The World Bank: Top-10 Borrowers

3. Boost Shared Prosperity
THE WBG : TWIN GOALS)
The twin goals are linked to the SDGs
Boost Shared Prosperity
End Extreme Poverty by 2030
As MDG 1 has been achieved in 2010 at an accelerated rate, the WBG has put a more ambitious goal of ending extreme poverty by 2030, a goal that is linked to SDG 1 (End poverty in all its forms everywhere).
The second goal of boosting shared prosperity, concerned with the bottom 40% income group in each country, is related to various targets of SDGs.
Quantitative monitoring of shared prosperity uses SDG indicators including: i) Infant mortality rate, ii) Access to improved water, and iii) Primary Education Completion Rate.

4. THE WBG – FIVE ORGANIZATIONS
1944
International Bank for Reconstruction and Development (IBRD)
1960
International Development Association (IDA)
1956
International
Finance
Corporation (IFC)
1988
Multilateral Investment Guarantee Agency
(MIGA)
1966
International Center for the Settlement of Investment Disputes
(ICSID)
‘FIVE ORGANIZATIONS ONE GROUP’
Five Organizations of the WBG
IBRD lends to governments of middle-income and creditworthy low-income countries
IDA provides interest-free loans, or credits, and grants to governments of the poorest countries
IFC provides loans, equity, and advisory services to stimulate private sector investments in developing countries
MIGA provides political risk insurance and credit enhancement to investors and lenders to facilitate foreign direct investment in emerging economies
ICSID provides international facilities for conciliation and arbitration of investment disputes

5. THE WBG: A GLOBAL FOOTPRINT
Note: All figures are in USD
1,708 ongoing projects worth $ Billion in 142 countries.
The WBG has over 12,000 employees from 172 nationalities with over 40% of staffs housed in over 131 country offices.
Source: The WBG Annual Report 2015
Data valid as of March, 2015

6. THE WORLD BANK: IDA AND IBRD
The International Bank for Reconstruction and Development (IBRD)
Established 1944 │ 188 member countries
Fiscal 2015 commitments
$23.5 billion for
112 approved operations
Cumulative lending (since 1945)
$629.0 billion
The International Development
Association (IDA)
Established 1960 │ 173 member countries
Fiscal 2015 commitments
$19.0 billion for
190 approved operations
Cumulative lending (since 1960)
$309.9 billion
Note: Regional operations have been excluded from the country count, and joint IBRD-IDA operations are counted only once, as IBRD operations.
Source: World Bank Lending

7. THE WORLD BANK: TOP-10 BORROWERS
Note: Figures are commitments for FY 15 in USD millions
Amounts for multicountry operations are allocated across borrowers
Source: WBG Annual Report 2015

8. PART 2 EXTERNAL DRIVERS: Global Development Landscape: Demand Side
Global Development Landscape: Supply Side

9. GLOBAL DEVELOPMENT LANDSCAPE: DEMAND SIDE
Wealthier Economies Around the Globe 1. 2.
Highly Educated and Well Informed Clients 3.
Improved Business
Environments in Developing Countries 4.
Reduction of Inner State Conflicts

10. Drivers for a changing WBG: Supply
GLOBAL DEVELOPMENT LANDSCAPE: SUPPLY SIDE
Growing Number of Players
Dynamic World Economy
Global ODA Gross Disbursements (USD millions)
Global Economic Difficulties
– Impact on contributions to ODA
3.7%
Source: OECD DAC (aidflows)
113
Developed Capital Markets + Improved Credit Ratings of Countries
Multilateral Outflows (USD millions)1 6%
Emergence of Technology
in Development for Africa
Source: OECD DAC (aidflows)
1 Multilateral outflows include concessional and non-concessional loans, grants, equity and debt operations

11. PART 3 PARTNERSHIP: The WBG in East Asia and Pacific
The WBG in Republic of Korea
Conclusion: Key Messages

12. THE WBG IN EAST ASIA AND PACIFIC
The WBG FY 15 Commitments by Region
Source: The WBG Annual Report 2015
approved in FY 15 commitments for the region within World Bank
$6.3 billion
$4.5 billion
in IBRD
$1.8 billion
In IDA
World Bank Lending by Sector
World Bank Lending by Theme
Source: The WBG Annual Report 2015

13. THE WBG IN REPUBLIC OF KOREA
The WBG Korea Office in Songdo established in 2013.
Co-location of World Bank (IBRD and IDA), IFC and MIGA.
Focus of Deliverables for FY 15:
1. Knowledge Sharing – Outbound and Inbound
2. Business Opportunities within the WBG
3. Partnerships & Outreach
60 Years of Partnership ( )
Goals of the WBG Korea Office
(FY 16 – 18)
Increase global knowledge and learning about Korea’s development story in the international development arena.
Leverage Korea’s finance, knowledge & expertise to help WBG client countries on their development challenges.
Increase business opportunities or partnerships for Korean firms and individuals.
Bring global expertise to help Korea’s development challenges and knowledge products dissemination.
Become an Operational Hub, specifically by being involved in World Bank projects in clients’ countries, aimed at achieving tangible results.
Vision of the WBG Korea Office

14. CONCLUSION: KEY MESSAGES
Learning
Partnership
Results
The WBG is always learning about development issues and has continuously improved its functioning
Development is not the work of a single organization
End Extreme Poverty +
Boost Shared Prosperity

15. ANNEX: FURTHER INFORMATION
WBG Korea Office
37F. POSCO E&C Tower 2
241, Incheon tower-daero
Yeonsu-gu, Incheon, Republic of Korea T

16. THANK YOU