World Bank

The World Bank (WB), established in 1945 with the aim to help countries rebuild after the devastating World War II, is composed of two institutions: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA).

Eventually, the WB is established to function in compliance with the following twin goals:

• End extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 3%;
• Promote shared prosperity by fostering the income growth of the bottom 40% for every country.

To fulfill its responsibilities in the sphere of poverty alleviation in middle-income and creditworthy poorer countries, the IBRD provides this group of states with low-interest loans. At the same time, the IDA focuses exclusively on the world’s poorest countries and allocates zero or low-interest loans to low-income states.

There are two categories of states in the committee: Donors and Recipients. They have different preparation strategies and different roles at the Conference.

Donors are developed rich states which will decide to which projects prepared by Recipients they are going to donate.

Recipients are developing or least developed states which need investments to facilitate their economic growth. Recipients prepare development projects to be implemented within their borders and present them to Donors at the Conference. 

The projects prepared by recipients may be designed only in the following sectors: 
1.    Industry, Trade, and Agriculture (corresponding to the WB actual sectors “Agriculture”, “Energy and Extractives”, and “Industry, Trade, and Services”);
2.    Infrastructure (corresponding to the WB actual sectors “Information and Communication Technologies”, “Transportation”, and “Water, Sanitation, and Waste Management”);
3.    Human Services (corresponding to the WB actual sectors “Education”, “Health”, and “Social Protection”);
4.    Financial Sector (corresponding to the actual WB sector);
5.    Public Administration (corresponding to the actual WB sector).

The projects of Recipient Countries and the Investment Strategies of Donor Countries must correspond to these sectors.

Recipients’ preparation

While preparing for the Conference, the WB experts representing ‘recipients’ research the economic situation in their countries, indicating existing problematic areas. It is recommended to track the progress on cooperation with the WB made in the past, analyze the main outcomes and drawbacks and take into account the Country Partnership Framework (CPF). When a delegate has examined their CPF and determined the sector for writing a project, he/she is to fill in the application (which will be distributed by the Secretariat) and send it to the Secretariat indicating the preferred sector. Pay attention to the fact that a sector may be occupied by a delegate only after confirmation by the World Bank Chairperson.
 

Donors’ preparation

Prior to the Conference, delegates representing ‘donors’ should investigate economic situations in both recipient states and their own state, their economic interests, and develop investment strategies. These materials are to be used while considering projects and conducting debates during the Session.

In frames of the economic analysis, all donor countries are to identify the grace period, maturity, number of tranches, the appropriate interest rate, and other indicators they would like to support in the projects submitted by the recipients.

When the major directions of foreign economic policy are determined, the delegate is to fill in the application (which will be distributed by the Secretariat via email) and send it to the Secretariat indicating three sectors they would prefer to finance during the Conference. Pay attention to the fact that sectors may be occupied by a delegate only after confirmation by the World Bank Chairperson.
 

Sectors’ allocation

In order to occupy a sector (for recipients) or 3 sectors (for donors), the delegate has to fill in the application form sent by World Bank Chairperson via e-mail. For the convenience of delegates, the process of the sectors’ allocation will be launched on October 10.

The Chairperson of the World Bank will send all information via e-mail (therefore we recommend you to check your email boxes!).