23/03/2011World Bank presents its program in dealing with Member States
In his annual report for 2011
بغداد- الصباح BAGHDAD - morning
Looks forward many of the economic actors, official and popular knowledge of the mechanisms that deal worked and the World Bank.
And came in the annual report issued by the Bank on the program of cooperation with Iraq and got the morning on a copy of it, that the main tasks undertaken by the International Bank for Reconstruction and Development, which was founded in 1944 the accession of 187 countries focused on providing financial and technical assistance / technical to developing countries to poverty alleviation.
The report noted that the World Bank with 4 branches of investment to be the Bank Group's first Reconstruction and Development and that provides loans to middle-income countries where average income per capita between $ 1000 to U.S. $ 10.000 U.S., according to conditions determined by the market in the country concerned.
The second section of the bank is the International Foundation for Development and which provides loans on concessional terms to low-income countries, where average per capita income of about U.S. $ 1165 American Foundation also provides grants to those countries which are subject to significant risks on the debt.
The third section includes the International Finance Corporation, which finances private sector investments, mobilizes capital in international financial markets with the provision of advisory services to businesses and governments.
The fourth and final section of the International Atomic multilateral investment guarantee, the foundation to provide guarantees to the private sector against political risks in order to facilitate the mobilization of foreign direct investment. The report refers to the strategic framework of the Programme of the Bank's work with member states, a strategy of partnership country and the strategy of the country's transition .
He knew the World Bank in its partnership strategy of the country, as a document outlining the strategy of the World Bank to help the country within the program of work leading up to four years and the World Bank to prepare this document in full coordination with all stakeholders from government, civil society, public and private sectors, as agreed with the authorities government on how to implement projects through the work schedule are planned on an annual basis, including an assessment of the manufacturing budget available to the World Bank.
The strategy of the country's transition is a document being prepared by the World Bank to determine the strategy of the country for a transitional short-term, in case the country faces on the political crisis on, or when the country's situation is not suitable for long-term planning by the Bank as part of the Government alike. The tools lending carried out by it loan investment and directs this type of loans to support investment in the water sector and the health sector, education and other State on the loan is responsible for the implementation of the work. The second type are loans to support policy development and program of comprehensive reform.
The report indicated that there are other activities carried out by the World Bank, including the financing of the analytical work (research studies) about the priorities of reform and investment, as the bank will finance technical consultation on capacity-building and hands-on assistance in the design and implementation of action programs development.
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