Transcript World Bank Group Egypt Country Partnership Framework 2015-2019 The World Bank Group IBRD IDA IFC MIGA ICSID International Bank for Reconstruction and Development International Development Association International Finance Corporation Multilateral Investment and Guarantee Agency International Center for Settlement of Investment Disputes Loans to middle-income and creditworthy lowincome country governments Interest-free loans and grants to governments of.

World Bank Group
Egypt Country Partnership Framework
2015-2019
The World Bank Group
IBRD
IDA
IFC
MIGA
ICSID
International
Bank for
Reconstruction
and
Development
International
Development
Association
International
Finance
Corporation
Multilateral
Investment and
Guarantee
Agency
International
Center for
Settlement of
Investment
Disputes
Loans to
middle-income
and creditworthy lowincome country
governments
Interest-free
loans and
grants to
governments
of poorest
countries
Solutions
in
private
sector
development
Guarantees
cross border
private sector
investments
against noncommercial
(political) risks
Conciliation
and arbitration
of investment
disputes
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Twin Goals of the World Bank Group
Ending
Extreme
Poverty
From 18%
to 3% of world
population by
2030
Increased incomes
for bottom 40% of
every developing
country
Boosting
Shared
Prosperity
An Unprecedented Opportunity:
Ending Extreme Poverty in One Generation
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Differences between the WBG and IMF
The World Bank Group
The International Monetary
Fund
A source of financing and technical
support only for developing
economies and those countries in
transition
All member countries can benefit from
services and resources of the IMF
• Addresses long-term challenges
• Seeks to integrate countries into
the world economy to improve
sustainable growth and reduce
poverty
• Invests in particular sectors in the
economy of borrowing countries
• Addresses short terms challenges
• Encourages international monetary
cooperation and ensures a stable world
financial system
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Ownership of The World Bank Group
Member countries
187 member countries nominate their
Governors
Board of Governors
The Governors delegate specific tasks to the
Board of Directors
Board of Directors
The Board of Directors makes decisions on IBRD loans
and IDA credits, and establishes policies that guide the
operation of the institution.
President
Staff
The President responds to the advice of the Board. He is
responsible for general World Bank Group management.
10,000 staff in 130 offices around the world
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Voting Shares of the 187 Member Countries
United Kingdom
4%
France
4%
China
3%
Saudi Arabia
3%
Russia
3%
Germany
5%
Japan
8%
Rest of the world
55%
United States
16%
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Representation of Egypt
 Governor: His Excellency Dr. Ashraf El-Araby,
Minister of Planning and International Cooperation
 Executive Director: Dr. Merza Hussain Hasan (Kuwait)
 Alternate Executive Director: Dr. Karim Wissa (Egypt)
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IBRD Instruments
1. Financing
 Investment Operations
 Program For Results (P4R)
 Development Policy Operations
2. Analytical and Advisory Services
 Economic and Sector Work
 Technical Assistance
 Reimbursable Advisory Services
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IFC Instruments
1. Investment Services
 Loans
 Equity
 Trade finance
 Syndications
 Securitized finance
 Risk management
 Blended finance
2. Advisory Services
 Access to finance
 Investment Climate
 Sustainable Business
 Public-Private Partnerships
3. IFC Asset Management Company
 Wholly owned subsidiary of IFC
 Private equity fund manager
 Invests third-party capital alongside IFC
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MIGA Instruments
1. MIGA political risk insurance guarantees
 Mitigate perceived political risks
 Support projects with positive development impact
 Manage environmental and social risks
 Mobilize and complement insurance capacity from other public and
private insurers
 Access funding and lower borrowing costs
2. Risks covered
 Currency inconvertibility and transfer restriction
 Expropriation
 War and civil disturbance
 Breach of contract
 Non-honoring of sovereign financial obligations
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The World Bank Group
Program in Egypt
Current Operations
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Current Portfolio of IBRD Investments
 US$ 4.92 billion, including major Trust Funds
 25 Projects in the following sectors:
13%
6%
Energy & Environment
45%
18%
18%
Finance & Private Sector
Development (FPD)
Transport
Water & Agriculture
Human Development
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Ongoing IBRD Investment Operations
Sector:
Project Name:
Amount:
Approval:
Energy and
Environment
Ain Sokhna Power Project
Giza North Power Project
Wind Power Development Project
Helwan South Power Project
Natural Gas Connections Project
Second Pollution Abatement Project
$ 600 M
$ 840 M
$ 70 M
$ 585 M
$ 75 M
$ 20 M
1/29/2009
6/8/2010
6/15/2010
6/27/2013
1/24/2008
3/23/2006
Financial Sector
Affordable Mortgage Finance Project
Enhancing Access to Finance for SMEs
Promoting Innovation for Inclusive Financial Access
$ 300 M
$ 300 M
$ 300 M
9/24/2009
3/9/2010
4/1/2014
Transport
Railways Restructuring Project
Cairo Airport Development Project 2
$ 600 M
$ 208 M
3/17/2009
2/23/2010
Water and
agriculture
Integrated Sewerage and Sanitation Infrastructure Project 1
Integrated Sewerage and Sanitation Infrastructure Project 2
National Drainage Project
Farm Level Irrigation Modernization Project
Integrated Irrigation Improvement & Management Project
$ 120 M
$ 200 M
$ 600 M
$ 100 M
$ 120 M
3/20/2008
6/30/2011
6/15/2000
12/14/2010
5/3/2005
Social Sectors
Early Childhood Education Enhancement Project
Emergency Labor Intensive Investment Project
Health Insurance Systems Development
$ 20 M
$ 200 M
$ 75 M
2/15/2005
6/28/2012
12/22/2009
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IFC Investments
 Between FY11-FY14, IFC committed over US$1 billion in 17
projects (of which US$303 million is mobilization). IFC has a
total portfolio of around US$1 billion in 34 projects as of
December 2013, the largest in MENA region.
 IFC investments include:
 Financial markets, chemicals, oil and gas, agribusiness,
manufacturing and health care sectors.
 IFC has a large program of Advisory Activities to complement its
investment program. These include corporate governance,
simplification of business start–up procedures and building
permits, facilitating SMEs, introducing mediation and providing
transaction advice for public-private partnerships (PPPs) in health,
education, and infrastructure.
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MIGA Guarantees
 In FY2013, MIGA issued a guarantee for US$150 million,
reinsuring the United States Overseas Private Investment
Corporation’s coverage to Apache Corporation for the
exploration, development and production of crude oil and
natural gas helping the supply of energy keep up with the
growing domestic demand.
 Two proposed projects in manufacturing and oil and gas
have been disclosed so far in FY2014.
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Website:
http://consultations.worldbank.org/consultation/
egypt-country-partnership-framework-2015-2019
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