International Symposium: Leadership in Impact
Author : tatiana-dople | Published Date : 2025-06-27
Description: International Symposium Leadership in Impact Assessment The Role of Development Finance Institutions Mark A King January 2019 The World of International Financing Multilateral Financial Institutions policy and project loans investments
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Transcript:International Symposium: Leadership in Impact:
International Symposium: Leadership in Impact Assessment The Role of Development Finance Institutions Mark A King January 2019 The World of International Financing Multilateral Financial Institutions (policy and project loans, investments, guarantees, insurance, leasing, technical assistance) Regional (AsDB, AfDB, NIB, NEFCO, Inter-American DB, EBRD, BSTDB etc) Global (World Bank Group, EIB, Council of Europe DB, Andean DB, Caribbean DB, AIIB, NDB etc) UN Agencies (UNDP, UNOPs, IOM Bilateral Agencies (FMO, DEG, JBIC etc) Export Credit Agencies (Canadian EDC, UK CDC, Hermes etc) Drivers in the IF World Capital Resources Reviews Institutional/Country/Sector Strategies, Targets and Plans Market share and Competition: Glory; survival/extinction: remaining relevant Ambition, Greed, Fear, Survival (Individuals) Impact Assessment in the Financial World A cog in a big corporate ecosystem One tool amongst many (audit, SEA, CIA, HR IA) Needs to be comprehensive (IFI requirements, SDGs etc) to be relevant and central (cf EU EIA Directive) Over-riding political/strategic objectives, ‘false’ timelines can limit potency and undermine credibility of the tool and process Players and Stakeholders (i) Shareholders (individuals and groups) but ‘consistency’ varies across institutions Shareholder Government Agencies, Parliaments etc Individual Directors Senior Management and Staff Borrower Countries Other Agencies (WHO, UNDP etc) Players and Stakeholder (2) Ratings Agencies Syndication/Co-financing Partners NGOs/CSOs (thematic such as HRs, disability, LGBTI, targeted such as Bank Watch) UN Agencies (eg OHCHR) Accountability Mechanisms (Inspection Panels, Govt Audit Committees, Human Rights Courts, Convention Bodies) Trade bodies, unions, professional bodies, industry associations Do Financial Institutions lead or follow? Strong leadership role of WB historically and potent long term leadership role of the IFC since safeguards ‘divorce’ from WB IFIs leap frog each other in upward spiral/domino effect. Biggest leadership impact when they align Some good intentions were a step too far in the real world (BBOP, Rio Tinto ‘smells the coffee’ over biodiversity offsets, inclusion and consultation?) WB ESF attempts to row back a little (staff and G11 concerns) Outside the ‘ivory towers’, relevance, ‘implementability’ (cost, technical capabilities), appropriateness questionable? Role of strong individuals (Pelosi, JYK, Chad Dobson, Dmitri Lysitsyn) and countries can be hugely significant
