Africa Group 1 Constituency Annual Report 2016 Annual Meetings - PowerPoint PPT Presentation

Africa Group 1 Constituency Annual Report 2016 Annual Meetings Washington DC, USA. th 2016 October 6 th Presented by: Dr. Louis, Rene, Peter, LAROSE EXECUTIVE DIRECTOR

Organization 1. Introduction 2. Matters Arising from the Minutes of the Spring Meeting in Washington, DC In April 2016 3. Development in the Global Economy and Future Outlook 4. WBG Operations for the Year FY16 with a focus on SSA Region & our Constituency 5. Current Development in the World Bank Group (WBG) 6. Accomplishments 7. Exit Reflections & Acknowledgements 8. Questions & Answers (Q & A ) For more detailed information about this Presentation ( see: Office Annual Report 2016)

1 st Roundtable Meeting was held during IMF/WBG Spring Eritrea Meetings in Washington DC, April 2016 Countries in our Constituency with 1 st Roundtable Meeting was held during IMF/WBG Spring Somalia Meetings in Washington DC, April 2016 1 st Roundtable Meeting was held during IMF/WBG Spring Sudan Meetings in Washington DC, April 2016 In terms of Re-engagement 1 st Roundtable Meeting was held during the IMF/WBG with the World Bank Group Annual Meetings in Lima, Peru, October 2015 2 nd Roundtable Meeting took place during the AfDB Annual Zimbabwe Meeting in Lusaka, Zambia, May 2016

3 most pressing threats: 1. Natural disasters 2. Migration caused by fragility and conflict situations 3. Risk of pandemics WBG’s Response 1. Help with risk identification, preparedness, financial protection and resilient recovery 2. Promote Disaster Risk Management (DRM) Programs in ALL projects 3. Enhance use of Insurance instruments to mitigate risks DATA a) Focus more on analytical evidence and data b) Align core sector indicators FINANCING Use innovative financing mechanisms with guarantees & blended finance IMPLEMENTATION  Improve operational focus * Significant progress has been made in recruiting  Strengthen inter-agency coordination Africans at the technical level by WBG. * We need more positions at the senior management This exercise is completed. Level in the Bank including IFC & MIGA respectively. Our office was very instrumental in the final print of the ESF document in safeguarding the interests of our Constituency & Africa.

Domestic Domestic Money, Money Policymakers  Must think holistically and strategically in tax policy formulation  Scale up resources to support capacity building in tax administration  Ensure effectiveness and transparency in tax policy  Monitor & compare world-wide data on revenue collection, which can be used for further fine-tuning What is the WBG’s Response? Equivalent to IDA17 Package He is running away with our money! Catch him with TAXES Still talking on how to collaborate with other financial institutions

It involves 2 Phases: See: Next Slide 1. Agreement on Dynamic Formula 2. Agreement on Allocations under Selective Capital Increase (SCI) and General Capital Increase (GCI) Dynamic amic Formula 1. Report will be presented to Board of Governors during IMF/WBG Annual Meetings in 2016 2. Executive Directors committed to uphold the Istanbul Principles  Shareholding reviews every 5 years  Equitable balance of Voting Power  Smallest poor member will be protected from dilution of Voting Power Core concessional resource allocation Annual minimum base allocation in the PBA will be increased from SDR4 million to SDR15 million for all IDA clients Exceptional Regimes a. Turn-Around Regime will continue in IDA18 and allocation to increase to SDR2.6 billion b. Risk-Mitigation Regime will be introduced in IDA18 c. Arrears Clearance Support will continue in IDA18 Credit Ratings – Sept 21 st 2016  Regional Programs will increase size of regional window for IDA countries  Moody’s - Aaa  New sub-window for Refugees will be established in IDA18 worth US$2 billion  S&P Global Ratings - AAA  IFC/MIGA Private Sector Window is proposed for a pilot phase with special focus on FCS Countries. ****More details will be provided by IDA Borrowers Representatives

Summary of Subscriptions as of September 2016 IBRD - STATUS OF SUBSCRIPTION (PAYMENT) TO ALLOCATED SHARES IBRD Deadline to Complete Subscription Selective Capital Increase - Res. 612 General Capital Increase - Res. 613 IBRD Allocated Paid % Paid Allocated Paid % Paid SCI GCI Botswana N/A N/A N/A 164 0 0.00% N/A March 16, 2018 Burundi 107 107 100.00% 220 220 100.00% completed completed Eritrea 77 0 0.00% 179 0 0.00% March 16, 2017 March 16, 2018 Ethiopia 182 0 0.00% 310 0 0.00% March 16, 2017 March 16, 2018 Gambia, The 70 0 0.00% 164 0 0.00% March 16, 2017 March 16, 2018 Kenya 250 250 100.00% 724 0 0.00% completed March 16, 2018 Lesotho 83 0 0.00% 199 0 0.00% March 16, 2017 March 16, 2018 Liberia 74 0 0.00% 143 0 0.00% March 16, 2017 March 16, 2018 Malawi 148 0 0.00% 332 0 0.00% March 16, 2017 March 16, 2018 Mozambique 121 121 100.00% 281 0 0.00% completed March 16, 2018 Namibia N/A N/A N/A 407 0 0.00% N/A March 16, 2018 Rwanda 139 0 0.00% 317 0 0.00% March 16, 2017 March 16, 2018 Seychelles N/A N/A N/A 70 0 0.00% N/A March 16, 2018 Sierra Leone 105 105 100.00% 220 0 0.00% completed March 16, 2018 Somalia 80 0 0.00% 169 0 0.00% March 16, 2017 March 16, 2018 South Sudan N/A N/A N/A 384 0 0.00% N/A March 16, 2018 Sudan 720 0 0.00% 419 0 0.00% March 16, 2017 March 16, 2018 Swaziland 59 0 0.00% 133 0 0.00% March 16, 2017 March 16, 2018 Tanzania 176 0 0.00% 393 0 0.00% March 16, 2017 March 16, 2018 Uganda 115 0 0.00% 196 0 0.00% March 16, 2017 March 16, 2017 Zambia March 16, 2017 250 0 0.00% 818 0 0.00% March 16, 2018 Zimbabwe 250 250 100.00% 955 0 0.00% completed March 16, 2017 Unsubscribed - May include members who submitted their documents but who have not yet paid their subscriptions. Fully subscribed N/A - no shares were allocated - no action needed. IBRD - REQUIRED PAYMENTS IN USD (callable portion does not require payment at time of subscription) Deadline for SCI Subscriptions is March 16 th 2017. Please note: Members who do not subscribe to these shares by that DATE will lose their shares

 There is NO specific strategy as yet for MICs  IBRD combine with IFC lending will be necessary  Countries expect to benefit more from Reimbursable Advisory Services (RAS)  Support with Catastrophic Debt Drawdown Options (CAT DDO)  Capacity building  Management is in the process of preparing for a Roadmap  Management of “climate shocks”  Group of Executive Directors have set up to promote the interests of Small States

WBG Operations for Full Year (FY16) with a focus on SSA Region & our Constituency MIGA Guar aran antees in in SS SSA Cou ountr trie ies – FY FY16 Nam ame o of f be bene nefic ficiar ary No. o. o of f Sec ector or Gua uarant ntee A e Amou ount nt In % n % o of f Cou ount ntry Proj Pr ojects SSA SSA (US$ m (U million on) Moz ozambique 1 Infras rastru ructure re 11 115. 5.4 6.6 6. Other r SS SSA 7 Financ ncial/I /Infra rast stru ructure re/O /Oil & Gas/ s/ 1,642. 1, 2.2 93. 93.4 Tou ouri rism sm/S /Servi rvices To Total al S SSA 8 1,757. 1, 57.6 100 10 Source: MIGA Breakd kdow own of of MIGA Guar aran ante tees by y Prior iority ty Area a – FY FY16 ea 1 Prior Pr ority ar area No. o. o of f pr proj ojects su supp ppor orted Sha hare Gua uarant ntee A e Amou ount nt Sha hare (% (%) ( US$ m $ million) n) (% (%) IDA-el eligi gible c e cou ountri ries es 9 53 53 2, 2,268. 8.1 53 53 Fra ragi gile c e cou ountri ries es 1 6 49. 49.6 1 Innova ovative e Pr Proj ojec ects 2 1 6 49 491. 1.8 12 12 Cl Climate a e and E Ener ergy gy E Efficien ency 2 12 12 255. 25 5.1 6 Sour urce: MIGA 1. 1. Some pr projects s ad addr dress m s more t than one ne pr priority ar area; a; as s a r a resul ult, s sha hare f figur ures s may ay no not ad add t d to 100% 00%.

WBG Operations for Full Year (FY16) with a focus on our Constituency Gross I IBRD a and I IDA D Dis isbursements ( (US$ S$ m mill llio ion) FY1 Y15 FY1 Y16 AFG1 3,326.67 3,362.83 IBR BRD 31.08 42.89 Bot Botsw swana 14.57 31.57 Se Seyc ychel elles 7.04 5.01 Sw Swaziland 9.48 6.31 IDA 1 3,295.59 3,319.94 Bu Buru rundi 59.73 23.28 Ethi hiop opia 744.23 1,103.22 Gambia, The 9.27 17.32 Ken enya ya 530.24 489.29 Les esot otho 11.72 20.14 Liberi eria 183.60 131.01 Malawi 114.28 175.18 Moz ozambique 361.94 367.21 Rwanda 204.35 234.50 234 Sierr Si rra L Leon eone 154.86 55.75 South Su Sou Sudan 36.57 28.65 Tanzania 630.09 430.18 Uga ganda 183.52 177.77 Zambia 71.19 66.43 Source: World Bank Notes: Eritrea, Namibia, Somali, Sudan and Zimbabwe did not have any active lending programs with the World Bank in FY15 and

WBG Operations for Full Year (FY16) with a focus on SSA Region & our Constituency FY12 FY13 FY14 FY15 FY16 IBRD Commitments (SSA) 0.2 0.1 0.4 1.2 0.7 IBRD Disbursements (SSA) 0.5 0.4 0.3 0.8 0.9 IDA Commitments (SSA) 7.5 8.2 10.2 10.4 8.7 IDA Disbursements (SSA) 5.7 5.8 6.6 6.5 6.8 IFC Approvals 0.0 0.0 0.0 2.3 2.6 IFC Disbursements 0.0 0.0 0.0 1.4 1.9 MIGA Guarantees 7 11 8 Projects (Number) 515 201 1,775 Amount (US$ million) Source: WBG Report 2016