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Click to edit Master title style,Click to edit Master text styles,Second level,Third level,Fourth level,Fifth level,*,The World Bank and Regional Development Banks:status,challenges,opportunities and possible directions of travel,Bishakha Mukherjee,Commonwealth Secretariat,A varied landscape,25-plus institutions,Size and leverage,Region,sub-region,Hard,soft terms,Private,public focus,Policy,projects,Knowledge base,World Bank/IMF lead,Shared Characteristics,:,Capital market links,Shareholder power,“Credit Culture,Managerial Autonomy,Untied Suppliers,Operations of World Bank and Regional Banks,Net“hard window lending now zero,WB flows negative,compensated by RDBs,Soft windows have$6-7b+positive net flow,Rising explicit grants(IDA),Rationing rules and performance allocations,Some IDA specifics,$33b mobilised 2005-2007,40%internally funded,21%direct grants,including AIDS,conflict,PRSP mandatory,Allocations from$10 to$3 per capita,Role of IDA/WB,Largest multilateral in Africa,Asia,Largest single donor in many countries(IDA),Present in most sectors and budget support,Coordinator of aid(CGs),With IMF,administers debt relief,Assists PRSP process,Enthusiastic“harmoniser,Some Policy Issues,Regionals too much in WB image,End-Game for grant expansion?,Proliferation of“global programmes,PRSP:based on needs or resources?,Reforming governance,voting shares,Loss of appetite from BRICs,Choices/Future Directions,Relation with UN and UNDP indeterminate,Decentralisation and regional banks,Global Public Goods:who anchors?UN/WB,Conditionality-rhetoric or substance?,Pivotal Role of US and new President,A proven chameleon.,But“imperial overstretch.,IDA:outstanding development credits and associated charge income,
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