Partnership F ramework 20152019 2 2 Conciliation and arbitration of investment disputes Guarantees cross border private sector investments against noncommercial political risks Interestfree loans and grants to governments ID: 1028641
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1. World Bank GroupEgypt Country Partnership Framework 2015-2019
2. 22Conciliation and arbitration of investment disputesGuarantees cross border private sector investments against non-commercial (political) risks Interest-free loans and grants to governments of poorestcountriesLoans to middle-income and credit-worthy low-income country governmentsSolutions in private sector developmentIBRDInternational Bank for Reconstruction and DevelopmentIDAInternational Development AssociationIFCInternational Finance CorporationMIGAMultilateral Investment and Guarantee AgencyICSIDInternational Center for Settlement of Investment DisputesThe World Bank Group
3. 333Twin Goals of the World Bank GroupEndingExtremePovertyBoosting Shared ProsperityFrom 18% to 3% of world population by 2030Increased incomes for bottom 40% of every developing countryAn Unprecedented Opportunity: Ending Extreme Poverty in One Generation
4. Differences between the WBG and IMF4The World Bank GroupThe International Monetary FundA source of financing and technical support only for developing economies and those countries in transitionAll member countries can benefit from services and resources of the IMFAddresses long-term challengesSeeks to integrate countries into the world economy to improve sustainable growth and reduce povertyInvests in particular sectors in the economy of borrowing countriesAddresses short terms challengesEncourages international monetary cooperation and ensures a stable world financial system
5. Ownership of The World Bank GroupMember countries5Board of GovernorsBoard of DirectorsPresidentStaff187 member countries nominate their GovernorsThe Governors delegate specific tasks to the Board of DirectorsThe Board of Directors makes decisions on IBRD loans and IDA credits, and establishes policies that guide the operation of the institution.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
6. Voting Shares of the 187 Member Countries6
7. Representation of EgyptGovernor: His Excellency Dr. Ashraf El-Araby,Minister of Planning and International CooperationExecutive Director: Dr. Merza Hussain Hasan (Kuwait)Alternate Executive Director: Dr. Karim Wissa (Egypt)7
8. IBRD InstrumentsFinancingInvestment OperationsProgram For Results (P4R)Development Policy OperationsAnalytical and Advisory ServicesEconomic and Sector WorkTechnical AssistanceReimbursable Advisory Services8
9. IFC InstrumentsInvestment ServicesLoansEquityTrade financeSyndicationsSecuritized financeRisk managementBlended financeAdvisory Services Access to financeInvestment ClimateSustainable BusinessPublic-Private PartnershipsIFC Asset Management CompanyWholly owned subsidiary of IFCPrivate equity fund managerInvests third-party capital alongside IFC9
10. MIGA InstrumentsMIGA political risk insurance guaranteesMitigate perceived political risksSupport projects with positive development impactManage environmental and social risksMobilize and complement insurance capacity from other public and private insurersAccess funding and lower borrowing costsRisks coveredCurrency inconvertibility and transfer restrictionExpropriationWar and civil disturbanceBreach of contractNon-honoring of sovereign financial obligations10
11. The World Bank GroupProgram in EgyptCurrent Operations11
12. Current Portfolio of IBRD Investments US$ 4.92 billion, including major Trust Funds25 Projects in the following sectors:12
13. Ongoing IBRD Investment Operations13Sector:Project Name:Amount:Approval:Energy and EnvironmentAin Sokhna Power ProjectGiza North Power ProjectWind Power Development ProjectHelwan South Power ProjectNatural Gas Connections ProjectSecond Pollution Abatement Project$ 600 M$ 840 M$ 70 M$ 585 M$ 75 M$ 20 M1/29/20096/8/20106/15/20106/27/20131/24/20083/23/2006Financial SectorAffordable Mortgage Finance ProjectEnhancing Access to Finance for SMEsPromoting Innovation for Inclusive Financial Access$ 300 M$ 300 M$ 300 M9/24/20093/9/20104/1/2014TransportRailways Restructuring ProjectCairo Airport Development Project 2$ 600 M$ 208 M3/17/20092/23/2010Water and agricultureIntegrated Sewerage and Sanitation Infrastructure Project 1Integrated Sewerage and Sanitation Infrastructure Project 2National Drainage ProjectFarm Level Irrigation Modernization ProjectIntegrated Irrigation Improvement & Management Project$ 120 M$ 200 M$ 600 M$ 100 M$ 120 M3/20/20086/30/20116/15/200012/14/20105/3/2005Social SectorsEarly Childhood Education Enhancement ProjectEmergency Labor Intensive Investment ProjectHealth Insurance Systems Development$ 20 M$ 200 M$ 75 M2/15/20056/28/201212/22/2009
14. IFC InvestmentsBetween 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.14
15. MIGA GuaranteesIn 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 FY2014.15
16. Website: http://consultations.worldbank.org/consultation/ egypt-country-partnership-framework-2015-2019Facebook: WorldBankMiddleEastNorthAfricaTwitter: @WorldBankMENA @HartwigSchaferE-mail: egypt_consultations@worldbank.org