We take note of the work underway by the World Bank Group and Regional Development Banks to mobilize and catalyze additional financing for infrastructure investment, particularly in emerging markets and developing countries.
Each autumn, the Board of Governors of the World Bank Group and the International Monetary Fund hold annual meetings to discuss a range of issues related to poverty reduction, economic development and finance.
IFC is a member of the World Bank group which coordinates its activities with the other institutions of the World Bank Group but is legally and financially independent.
Each autumn, the Boards of Governors of the World Bank Group and International Monetary Fund(IMF) hold their Annual Meetings to discuss a range of issues related to poverty reduction, international economic development and finance.
Kim said the GIF was being designed to tap into expertise from within and outside of the Bank Group to deliver complex public-private infrastructure projects that no single institution could address on its own.
Taken as a whole, the World Bank Group's annual commitment, which today is around $45 to $50 billion, is expected to grow to more than $70 billion in the coming years.
IFC, the private sector lending arm of the World Bank Group based in Washington, D.C., committed $20.4 billion in financing for 560 projects in 103 countries during fiscal year 2012.
UHC2030, a global movement of institutions, governments and CSOs to build stronger health systems for UHC, is co-convened by the WBG and the WHO to ensure this.
In particular, the World Bank Group and other regional development banks continue to be some of the largest supporters of environmentally harmful coal, oil and gas projects in developing countries- a trend that shows no sign of abating.
We welcome progress reports on barriers for women and youth in financial inclusion and education prepared by the OECD/INFE and the World Bank Group and endorse the OECD/INFE policy guidance on addressing women and girls' needs for financial education.
The IMF and the World Bank Group will also be participating in the meeting that will be attended by 55 delegations, whose heads include 22 finance ministers, 18 central bank governors, and 9 international organization leaders.
Similarly the World Bank Group, the International Monetary Fund and World Trade Organization should ensure that their activities related to international cooperation and economic development give primary consideration to the best interests of children and promote full implementation of the Convention.
MIGA, a member of the World Bank Group, has issued $36 million in guarantees for the design, construction and operation of a facility in southern Sierra Leone that is cultivating and to process pineapples and other tropical fruit for export.
Equator Principles Financial Institutions(EPFIs) will confirm that the project, if under EPs scope, complies with all the applicable host country environmental laws, as well as the IFC Performance Standards and the World Bank Group EHS Guidelines.
LINK-Caribbean is an initiative of the World Bank Group's Entrepreneurship Program for Innovation in the Caribbean(EPIC), a seven-year, CAD 20 million program funded by the government of Canada that seeks to build a supportive ecosystem for high-growth and sustainable enterprises throughout the Caribbean.
In April 2013, nine months after Kim became president of the World Bank Group, its Board of Governors endorsed two goals: to end extreme poverty by 2030, and to boost shared prosperity by raising the incomes of the bottom 40 percent of populations.
We call on the WBG and IMF to support countries to deliver efficient, reliable, affordable, and sustainable energy, including through the Sustainable Energy for All Initiative.
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