World Bank Subsidiaries

World Bank Group
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The World Bank Group
IBRD IDA IFC MIGA ICSID

International International International Multilateral International
Bank for Development Finance Investment and Center for
Reconstruction Association Corporation Guarantee Settlement of
and Agency Investment
Development Disputes
Loans to Interest-free Solutions Guarantees Conciliation

middle- loans and in cross border and
income and grants to private private arbitration
credit-worthy governments sector sector of
low-income of poorest development investments investment
country countries against non- disputes
governments commercial
(political)
risks
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Twin Goals of the World Bank Group
Ending Increased incomes

Extreme for bottom 40% of
every developing
Poverty country
From 18% Boosting

to 3% of world
population by Shared
2030
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 All member countries can benefit from
support only for developing services and resources of the IMF
economies and those countries in
transition
• Addresses long-term challenges • Addresses short terms challenges
• Seeks to integrate countries into • Encourages international monetary
the world economy to improve cooperation and ensures a stable world
sustainable growth and reduce financial system
poverty
• Invests in particular sectors in the
economy of borrowing countries
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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
The Board of Directors makes decisions on IBRD loans
Board of Directors and IDA credits, and establishes policies that guide the
operation of the institution.
President The President responds to the advice of the Board. He is

responsible for general World Bank Group management.
Staff 10,000 staff in 130 offices around the world
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Voting Shares of the 187 Member Countries
United Kingdom China Saudi Arabia

4% 3% 3%
Russia
France 3%
4%
Germany
5%
Japan
8% Rest of the world
55%
United States
16%
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World Bank
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World Bank
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IBRD
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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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IDA
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IFC
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MIGA
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ICSID
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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:
6%
13% Energy & Environment
45%
Finance & Private Sector
18% Development (FPD)
Transport
Water & Agriculture

18%
Human Development
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Ongoing IBRD Investment Operations
Sector: Project Name: Amount: Approval:
Energy and Ain Sokhna Power Project $ 600 M 1/29/2009
Giza North Power Project $ 840 M 6/8/2010
Environment Wind Power Development Project $ 70 M 6/15/2010
Helwan South Power Project $ 585 M 6/27/2013
Natural Gas Connections Project $ 75 M 1/24/2008
Second Pollution Abatement Project $ 20 M 3/23/2006
Financial Sector Affordable Mortgage Finance Project $ 300 M 9/24/2009

Enhancing Access to Finance for SMEs $ 300 M 3/9/2010
Promoting Innovation for Inclusive Financial Access $ 300 M 4/1/2014
Transport Railways Restructuring Project $ 600 M 3/17/2009

Cairo Airport Development Project 2 $ 208 M 2/23/2010
Water and Integrated Sewerage and Sanitation Infrastructure Project 1 $ 120 M 3/20/2008
Integrated Sewerage and Sanitation Infrastructure Project 2 $ 200 M 6/30/2011
agriculture National Drainage Project $ 600 M 6/15/2000
Farm Level Irrigation Modernization Project $ 100 M 12/14/2010
Integrated Irrigation Improvement & Management Project $ 120 M 5/3/2005
Social Sectors Early Childhood Education Enhancement Project $ 20 M 2/15/2005

Emergency Labor Intensive Investment Project $ 200 M 6/28/2012
Health Insurance Systems Development $ 75 M 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
Facebook: WorldBankMiddleEastNorthAfrica
Twitter: @WorldBankMENA
@HartwigSchafer
E-mail: egypt_consultations@worldbank.org

World Bank Subsidiaries

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World Bank Subsidiaries

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World Bank Group

IBRD IDA IFC MIGA ICSID

Loans to Interest-free Solutions Guarantees Conciliation

Ending Increased incomes

From 18% Boosting

The World Bank Group The International Monetary

Member countries 187 member countries nominate their

Board of Governors The Governors delegate specific tasks to the

President The President responds to the advice of the Board. He is

Staff 10,000 staff in 130 offices around the world

United Kingdom China Saudi Arabia

1. MIGA political risk insurance guarantees

Water & Agriculture

Financial Sector Affordable Mortgage Finance Project $ 300 M 9/24/2009

Transport Railways Restructuring Project $ 600 M 3/17/2009

Social Sectors Early Childhood Education Enhancement Project $ 20 M 2/15/2005

 In FY2013, MIGA issued a guarantee for US$150 million,

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