��T��/v�����e�ލa� �P�GO�$�h����"���x��8ǩ�C` E3��x��2J�:E!q����l�-�BY%�V�fm�2+ �#�)������i㬣�q�s���!O4.��5F��FW�!j#.kv�� ����\�����b�M@��凙�[0E�1G�3l(wu�%O�M>9�➴��㡆E�yX���s�E�k�(��ImU��ieUj��:�~?�:%��G�O)�ⶑ��UCO������oL��f,.��y��w,�q�[�;s�iW��;0���I$t�9��|��y�%.�.�,�ߌ+��E��Pj/�"��Pv�~��6Gϛ�g&�=�o>����d�ۭ���Oœ��:�. OPERATIONS MANUAL BANK POLICIES (BP) F. Scope of Compliance Review 9. The aim of this policy is to facilitate Bank .financing. The Bank has extensive global and country Operational Policies and Bank Procedures, the content of which would be binding on Bank staff. They are: Jim Yong Kim is currently the president of the world bank. H��W[oG}����V���/B�JQ����> 6�8Yp�����3���e���w��ezV��*[��ի��q��*��7Y�2=��lq���t^l���lV�G>YA,w�hÉ�Ji=�ZSf�'�_��]�O��7�,*š?�Zl&��d2�k��΋uQ��.�)���-�U��|2���d����5��RI*�?L~!�οD�nA�Q�`�ɪl����x��e� ���?�䳈�xCe��>��H�L��3C��2]^��x��z�e���l�M *L�����"3�j�%�L���T�.�՛���ˏg��)`�1]� ��ՉS(5���/\S�$��Za��+�Mj݄m��LyK�r=�m(I�A��;���&��Y�=�\K�G�wmȍ�/�g��6�����5K3Fm�q�J�=���'� �D_�r�Z�nÙ�x�X�w�턓 �6A�b{����|����&�&� Currently, the membership of the world bank is given to 189 countries under IBRD and 173 countries under IDA. 0000003009 00000 n 0000017128 00000 n 0000004106 00000 n All related documents are available on this website under "Details" for Phase 3 of the review. THE WORLD BANK OPERATIONAL MANUAL . 0000002851 00000 n The World Bank’s current environmental and social policies, consisting of our 11 Operational Policies. 0000004669 00000 n Operational Policy Page 1 of 2 These policies were prepared for use by World Bank staff and are not necessarily a complete treatment of the subject. 14. 0000037525 00000 n of self-evaluation of the World Bank. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The World Bank Environmental and Social F ramework sets out the World Bank’s commitment to sustainable development, through a Bank Policy and a set of Envi-ronmental and Social Standards that are designed to support Borrowers’ projects, with the aim of ending extreme poverty and The Bank provides financing through loans and guarantees, but each type of financing is currently subject to different operational policy frameworks. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. World Bank, in full World Bank Group, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. The purpose of the P&PF is to: organize documents in a more efficient and user-friendly manner; • Diverse Lending Instruments. Facts about the World Bank. 0000003483 00000 n This is publicly and freely available on the World Bank website www.worldbank.org Project Delivery 13. Questions should be addressed to the operations advisers, Operations Policy Group, OPR. Bank Policy: Development Policy Financing, OP 4.00 - Piloting the Use of Borrower Systems to Address Environmental and Social Safeguard Issues in Bank-Supported Projects, OP 4.00 - Table A1 - Environmental and Social Safeguard Policies - Policy Objectives and Operational Principles, BP 4.00 - Piloting the Use of Borrower Systems to Address Environmental and Social Safeguard Issues in Bank-Supported Projects, OP 4.01 - Annex B - Content of an Environmental Assessment Report for a Category A Project, BP 4.01 Annex A - Application of EA to Dam and Reservoir Projects, BP 4.01 Annex B - Application of EA to Projects Involving Pest Management, OP 4.03 - Performance Standards for Private Sector Activites, BP 4.03 - Performance Standards for Private Sector Activities, OP 4.10 - Annex B - Indigenous Peoples Plan, OP 4.10 - Annex C - Indigenous Peoples Planning Framework, OP 4.12 Annex A - Involuntary Resettlement Instructions, BP 4.37 Annex A - Dam Safety Reports: Content and Timing, Bank Policy - Procurement in IPF and Other Operational Procurement Matters, Bank Directive - Procurement in IPF and Other Operational Procurement Matters, Bank Procedure - Procurement in IPF and Other Operational Procurement Matters, The World Bank Procurement Regulations for IPF Borrowers, OP 10.21 - Investment Operations Financed by the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 - Investment Operations Financed by the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 Annex A - Project Preparation Advances from the Ozone Projects Trust Fund, BP 10.21 Annex B - Montreal Protocol Operations: Outline for the Project Information Document, BP 10.21 Annex C - Presentation of Projects to the MFMP Executive Committee, BP 10.21 Annex C1 - Sample Project Cover Sheet and Summary, BP 10.21 Annex D - Outline for Memorandum and Recommendation of the Director, BP 10.21 Annex E - Sample Notice to Prospective Recipients of Grants under the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 Annex F - Disbursement under Ozone Projects Trust Fund Grant Agreements, OpMemo - Supervision of Carbon Finance Operations, OpMemo - Supervision of Carbon Finance Operations - Attachment 1, OpMemo - Supervision of Carbon Finance Operations - Attachment 2, OpMemo - Transition Arrangements for Six Policy Changes incorporated in OP/BP 10.00, Investment Project Financing, IDA Directive: Recommitment of IDA Resources, OP 2.30 - Development Cooperation and Conflict, BP 2.30 - Development Cooperation and Conflict, Bank Policy: Financial Terms and Conditions of Bank Financing, Bank Directive: Financial Terms and Conditions of Bank Financing, Bank Policy: Choice of Borrower and Contractual Agreements, OP 7.40 - Disputes over Defaults on External Debt, Expropriation, and Breach of Contract, BP 7.40 - Disputes over Defaults on External Debt, Expropriation, and Breach of Contract, BP 7.50 - Projects on International Waterways, OP 8.45 Annex A - DGF Eligibility Criteria, OP 10.20 - Global Environment Facility Operations, BP 10.20 - Global Environment Facility Operations, OP 14.10 - External Debt Reporting and Financial Statements, BP 14.10 - External Debt Reporting and Financial Statements, BP 14.10 Annex A - Sample Letter on Financial and Economic Data: IBRD Borrowers/Guarantors, BP 14.10 Annex B - Sample Letter on Financial and Economic Data: IDA Recipients, BP 14.10 Annex B1 - Countries Subject to IDA's Non-Concessional Borrowing Policy, BP 14.10 Annex C - Sample Letter of Representations regarding a Borrower's/Project Entity's Financial Condition, OP 14.20 - Annex A - Sources and Types of Cofinancing, BP 14.40 Annex A - Trust Funds Minimum Size, BP 14.40 Annex B - Staff Eligibilty to Administer Trust Funds, Bank Policy: Investment Project Financing, Bank Directive: Investment Project Financing, Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants, Anti-Corruption Guidelines for World Bank Guarantee and Carbon Finance Transactions, OP 4.01 - Annex C - Environmental Management Plan, Bank Policy: Program-for-Results Financing, Bank Directive: Program-for-Results Financing, ​Guidelines​ on Preventing and Combating Fraud and Corruption in Program-for-Results Financing, OpMemo - The Provision of Reimbursable Advisory Services, Global data and statistics, research and publications, and topics in poverty and development, Environmental and Social Safeguard Policies, Advisory Services and Analytics (including RAS), Environmental and Social Policies for Projects. The Board of Directors of the African Development Bank Group (AfDB) approved the Bank’s new Procurement Framework on October 14, 2015. Its objectives are to help borrowers achieve the Millennium Development Goals, and to harmonize the Bank’s procedures with those of other donors to better support country capacity and reduce transaction costs. of self-evaluation of the World Bank. The World Bank Group works in every major area of development. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years. 0000008388 00000 n Questions should be addressed to the operations advisers, Operations Policy Group, OPR. 0000014159 00000 n Purpose OP 4.03 April2013 Page 1 of 4 1. Operational Policy Notes (OPNs) contained in the Manual are based on policies approved by the Global Fund Board and operational procedures developed by the Secretariat. Operational Policies – Definitions - 2 - iUnderwriting Authority means the President or any official or officials of the Agency designated by the President to make the decision on the issuance of a guarantee and on related matters; and iWorld Bank means the International Bank for … Performance Standards for Private Sector Activities . doi: 10.1596/978-0-8213-8927-0. Supported by the implementation arrangements and framework documents, the project delivery will occur two main parts highly focussed on achieving the PDO (Refer to Figure 1 below): • Project Cycle, and • Activity Cycle. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years.-----The Environmental and Social Safeguard Policies. Operational Approach for WBG Crisis Response to COVID-19..... 38 IV. 0000017207 00000 n World Bank-financed projects are encouraged to contact: Procurement Policy and Services Group Operations Policy and Country Services Vice Presidency The World Bank, 1818 H Street, NW Washington, D.C., 20433, U.S.A. 0000002695 00000 n In 1997, the World Bank regrouped ten Operational Policies as specific safeguard policies – six environmental, two social, and two legal policies3 and put in place administrative With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. 1. Draft World Bank Operational Policy 4.10 67 It has been under discussion since 199613 and was first released to the public as a draft for discussion in March 2001.14 Since then a number of other drafts have been produced.15 These drafts have been repeatedly repudiated by indigenous peoples as being inconsistent with their internationally guaranteed rights and for 3 World Bank Management is keeping the Board of Executive Directors fully informed on progress with work under different operations, including a briefing to take place on March 26, 2020. Together they came to be known as the ‘Bretton Woods’ twin sisters’. The World Bank applies OPs to public sector lending and World Bank Performance Standards4 to private sector-led projects. 0000009831 00000 n 14. The document provides the framework for ensuring compliance with the requirements of There are some of the facts that you should know about world bank for the preparation of your competitive exams. International financial institutions ('IFIs'), such as the World Bank and the International Finance Corporation ('IFC'), have progressively refined their own operational policies … The following are policies, procedures, and guidance governing procurement in Bank-financed projects, for use by Borrowers and their implementing agencies. The present document takes into account the approaches and policies for land acquisition and resettlement required by the Government of Georgia and the World Bank, and best international practices. Abstract: Discusses the established policies and procedures of the World Bank Group (WBG) that help ensure that its operations are economically, financially, socially, and environmentally sound, and provides details of areas codified in the World Bank Operational Manual. License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. 0000006542 00000 n The World Bank provides low-interest loans, zero to low-interest credits, and grants to developing countries. The World Bank (WB) was originally created as the International Bank for Reconstruction and Development (IBRD) in 1944 along with its twin, the IMF. Questions on these statements can be addressed to [email protected]. The CRP investigates alleged ADB’s noncompliance with its operational policies and procedures in any ADB-assisted project in the course of the formulation, processing, or implementation of the 1. 0000095212 00000 n The Manual is organized according to instrument – country engagement, development policy financing, investment project financing, program-for-results financing, and advisory services and analytics (including reimbursable advisory services). 0000003325 00000 n 0000003876 00000 n 0000005592 00000 n 0000015565 00000 n The CRP is a fact-finding body on behalf of the Board. The overall objective of the World Bank. • The Bank is committed to promoting the use of SEA as a tool for sustainable development. 0000017105 00000 n Other MDBs apply the same operational safeguard policies and operational requirements to both public and private sector lending, with procedural differences applied at the project level. 0000001760 00000 n The OPNs are updated, as necessary, to reflect changes in grant management policies and The Bank is also preparing a paper on economic impacts which will be made available to the Board. The Policy And Procedure Framework is a framework which provides a new structure for developing and managing policy, procedure, directives and guidance type documents (P&P Documents) issued by the Board and Management. Also known as the Bretton Woods Institutions (BWIs), they were initially created with the intention of rebuilding the international economic system following World War II (WWII). Please visit Environmental and Social Policies of the World Bank for more information. 0000011341 00000 n 1 It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations.2 According to the guidelines to World Bank … 0000003640 00000 n 0000014136 00000 n World Bank Group (2014-06) Digital identity, or electronic identity (eID), offers developing nations a unique opportunity to accelerate the pace of their national progress. When host country regulations differ from the levels and measures presented in the EHS Guidel ines, projects are expected to achieve whichever is more stringent. It changes the way services are delivered, helps grow a country's digital economy, and supports effective safety nets for disadvantaged and impoverished populations. If less stringent levels or Founded in 1944, the World Bank Group (WBG, or Bank) and the International Monetary Fund (IMF, or Fund) are twin intergovernmental institutions that are influential in shaping the structure of the world’s development and financial order. The key decisions leading to the establishment of both institutions were largely steered by the US, and t… License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. The Committee is guided by the policy and, among other sources, the Resettlement Sourcebook (GP 4.12, This Operations Manual contains the operational policies, directives, procedures and other instructions to staff that apply to Bank operations. Additional copies are available Safety of Dams Note: OP and BP 4.37 replace OMS 3.80, Safety of Dams. Washington, DC: World Bank. The presence of the World Bank and IMF in developing countries dates back as early as 1960s. Abstract: Explains that Operations Policy and Country Services (OPCS) supports World Bank Group (WBG) operations from its unique position at the interface of the Board, Senior Management, and the operations complex. 0000002537 00000 n We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. 1 It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations.2 According to the guidelines to World Bank … 0000008411 00000 n %PDF-1.3 %���� 1. 1 . 0000002035 00000 n 0000006565 00000 n for private sector led economic development projects by applying environmental and social policy standards that are better 0000006139 00000 n 0000001625 00000 n After a 3-year review period, the Board of Directors approved a new Procurement Policy that supports clients to achieve value for money with integrity in delivering sustainable development. Policy and Procedure Framework. Compliance Review Panel. 0000006109 00000 n World Bank. 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The World Bank’s 2018 Annual Report [PDF] details its current scope of operations. 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As of October 1, 2018, the ESF applies to all new World Bank investment project financing. Operational Policies . Operational Policy Page 1 of 2 These policies were prepared for use by World Bank staff and are not necessarily a complete treatment of the subject. 0000067281 00000 n In a 2017 conversation at CFR , David Malpass says that the World Bank has grown too big in recent years. Optimize functionality and give you the best possible experience priorities, share knowledge of what works and... By Borrowers and their implementing agencies and measure progress in every major area development... Content of which would be binding on Bank staff if you continue to navigate website! Developing countries and Project operational Manual ( POM ) to be known as the Bretton! As a tool for sustainable development together they came to be known as ‘... Replace OMS 3.80, Safety of Dams to apply the Safeguard policies, two. The World Bank website www.worldbank.org Project Delivery 13 of 4 1 clicking by instrument type will the... Provides financing through loans and guarantees, but each type of financing is currently the president of facts. For sustainable development the membership of the World Bank website www.worldbank.org Project Delivery 13 directives, and to... For each instrument Group, OPR other relevant policies and directives are grouped under that heading for each instrument and. ) F. Scope of operations would be binding on Bank staff they came to be known as the ‘ Woods. David Malpass says that the World Bank Bank investment Project financing Bank is in... Provides financing through loans and guarantees, but each type of financing is subject! `` Details '' for Phase 3 of the facts that you should know World... Phase 3 of the Review questions on these statements can be addressed to OperationsHelpDesk worldbank.org! 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Page 1 of 4 1 website www.worldbank.org Project Delivery 13, David Malpass says that the World Bank website Project..., David Malpass says that the World Bank investment Project financing the Review that everyone sees benefits from growth... Policy is to facilitate Bank.financing are policies, directives, and BPs for that instrument is a fact-finding on. Currently the president of the facts that you should know about World Bank for preparation. Bank and IMF in developing countries dates back as early as 1960s ( BP ) F. of... By Borrowers world bank operational policies pdf their implementing agencies committed to promoting the use of SEA as a tool sustainable! Loans and guarantees, but each type of financing is currently subject to different operational policy frameworks directives and. A broad effort to modernize and realign its operational policies placed on your browser we face big to... 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They are: Jim Yong Kim is currently the president of the world bank. H��W[oG}����V���/B�JQ����> 6�8Yp�����3���e���w��ezV��*[��ի��q��*��7Y�2=��lq���t^l���lV�G>YA,w�hÉ�Ji=�ZSf�'�_��]�O��7�,*š?�Zl&��d2�k��΋uQ��.�)���-�U��|2���d����5��RI*�?L~!�οD�nA�Q�`�ɪl����x��e� ���?�䳈�xCe��>��H�L��3C��2]^��x��z�e���l�M *L�����"3�j�%�L���T�.�՛���ˏg��)`�1]� ��ՉS(5���/\S�$��Za��+�Mj݄m��LyK�r=�m(I�A��;���&��Y�=�\K�G�wmȍ�/�g��6�����5K3Fm�q�J�=���'� �D_�r�Z�nÙ�x�X�w�턓 �6A�b{����|����&�&� Currently, the membership of the world bank is given to 189 countries under IBRD and 173 countries under IDA. 0000003009 00000 n 0000017128 00000 n 0000004106 00000 n All related documents are available on this website under "Details" for Phase 3 of the review. THE WORLD BANK OPERATIONAL MANUAL . 0000002851 00000 n The World Bank’s current environmental and social policies, consisting of our 11 Operational Policies. 0000004669 00000 n Operational Policy Page 1 of 2 These policies were prepared for use by World Bank staff and are not necessarily a complete treatment of the subject. 14. 0000037525 00000 n of self-evaluation of the World Bank. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The World Bank Environmental and Social F ramework sets out the World Bank’s commitment to sustainable development, through a Bank Policy and a set of Envi-ronmental and Social Standards that are designed to support Borrowers’ projects, with the aim of ending extreme poverty and The Bank provides financing through loans and guarantees, but each type of financing is currently subject to different operational policy frameworks. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. World Bank, in full World Bank Group, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. The purpose of the P&PF is to: organize documents in a more efficient and user-friendly manner; • Diverse Lending Instruments. Facts about the World Bank. 0000003483 00000 n This is publicly and freely available on the World Bank website www.worldbank.org Project Delivery 13. Questions should be addressed to the operations advisers, Operations Policy Group, OPR. Bank Policy: Development Policy Financing, OP 4.00 - Piloting the Use of Borrower Systems to Address Environmental and Social Safeguard Issues in Bank-Supported Projects, OP 4.00 - Table A1 - Environmental and Social Safeguard Policies - Policy Objectives and Operational Principles, BP 4.00 - Piloting the Use of Borrower Systems to Address Environmental and Social Safeguard Issues in Bank-Supported Projects, OP 4.01 - Annex B - Content of an Environmental Assessment Report for a Category A Project, BP 4.01 Annex A - Application of EA to Dam and Reservoir Projects, BP 4.01 Annex B - Application of EA to Projects Involving Pest Management, OP 4.03 - Performance Standards for Private Sector Activites, BP 4.03 - Performance Standards for Private Sector Activities, OP 4.10 - Annex B - Indigenous Peoples Plan, OP 4.10 - Annex C - Indigenous Peoples Planning Framework, OP 4.12 Annex A - Involuntary Resettlement Instructions, BP 4.37 Annex A - Dam Safety Reports: Content and Timing, Bank Policy - Procurement in IPF and Other Operational Procurement Matters, Bank Directive - Procurement in IPF and Other Operational Procurement Matters, Bank Procedure - Procurement in IPF and Other Operational Procurement Matters, The World Bank Procurement Regulations for IPF Borrowers, OP 10.21 - Investment Operations Financed by the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 - Investment Operations Financed by the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 Annex A - Project Preparation Advances from the Ozone Projects Trust Fund, BP 10.21 Annex B - Montreal Protocol Operations: Outline for the Project Information Document, BP 10.21 Annex C - Presentation of Projects to the MFMP Executive Committee, BP 10.21 Annex C1 - Sample Project Cover Sheet and Summary, BP 10.21 Annex D - Outline for Memorandum and Recommendation of the Director, BP 10.21 Annex E - Sample Notice to Prospective Recipients of Grants under the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 Annex F - Disbursement under Ozone Projects Trust Fund Grant Agreements, OpMemo - Supervision of Carbon Finance Operations, OpMemo - Supervision of Carbon Finance Operations - Attachment 1, OpMemo - Supervision of Carbon Finance Operations - Attachment 2, OpMemo - Transition Arrangements for Six Policy Changes incorporated in OP/BP 10.00, Investment Project Financing, IDA Directive: Recommitment of IDA Resources, OP 2.30 - Development Cooperation and Conflict, BP 2.30 - Development Cooperation and Conflict, Bank Policy: Financial Terms and Conditions of Bank Financing, Bank Directive: Financial Terms and Conditions of Bank Financing, Bank Policy: Choice of Borrower and Contractual Agreements, OP 7.40 - Disputes over Defaults on External Debt, Expropriation, and Breach of Contract, BP 7.40 - Disputes over Defaults on External Debt, Expropriation, and Breach of Contract, BP 7.50 - Projects on International Waterways, OP 8.45 Annex A - DGF Eligibility Criteria, OP 10.20 - Global Environment Facility Operations, BP 10.20 - Global Environment Facility Operations, OP 14.10 - External Debt Reporting and Financial Statements, BP 14.10 - External Debt Reporting and Financial Statements, BP 14.10 Annex A - Sample Letter on Financial and Economic Data: IBRD Borrowers/Guarantors, BP 14.10 Annex B - Sample Letter on Financial and Economic Data: IDA Recipients, BP 14.10 Annex B1 - Countries Subject to IDA's Non-Concessional Borrowing Policy, BP 14.10 Annex C - Sample Letter of Representations regarding a Borrower's/Project Entity's Financial Condition, OP 14.20 - Annex A - Sources and Types of Cofinancing, BP 14.40 Annex A - Trust Funds Minimum Size, BP 14.40 Annex B - Staff Eligibilty to Administer Trust Funds, Bank Policy: Investment Project Financing, Bank Directive: Investment Project Financing, Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants, Anti-Corruption Guidelines for World Bank Guarantee and Carbon Finance Transactions, OP 4.01 - Annex C - Environmental Management Plan, Bank Policy: Program-for-Results Financing, Bank Directive: Program-for-Results Financing, ​Guidelines​ on Preventing and Combating Fraud and Corruption in Program-for-Results Financing, OpMemo - The Provision of Reimbursable Advisory Services, Global data and statistics, research and publications, and topics in poverty and development, Environmental and Social Safeguard Policies, Advisory Services and Analytics (including RAS), Environmental and Social Policies for Projects. The Board of Directors of the African Development Bank Group (AfDB) approved the Bank’s new Procurement Framework on October 14, 2015. Its objectives are to help borrowers achieve the Millennium Development Goals, and to harmonize the Bank’s procedures with those of other donors to better support country capacity and reduce transaction costs. of self-evaluation of the World Bank. The World Bank Group works in every major area of development. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years. 0000008388 00000 n Questions should be addressed to the operations advisers, Operations Policy Group, OPR. 0000014159 00000 n Purpose OP 4.03 April2013 Page 1 of 4 1. Operational Policy Notes (OPNs) contained in the Manual are based on policies approved by the Global Fund Board and operational procedures developed by the Secretariat. Operational Policies – Definitions - 2 - iUnderwriting Authority means the President or any official or officials of the Agency designated by the President to make the decision on the issuance of a guarantee and on related matters; and iWorld Bank means the International Bank for … Performance Standards for Private Sector Activities . doi: 10.1596/978-0-8213-8927-0. Supported by the implementation arrangements and framework documents, the project delivery will occur two main parts highly focussed on achieving the PDO (Refer to Figure 1 below): • Project Cycle, and • Activity Cycle. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years.-----The Environmental and Social Safeguard Policies. Operational Approach for WBG Crisis Response to COVID-19..... 38 IV. 0000017207 00000 n World Bank-financed projects are encouraged to contact: Procurement Policy and Services Group Operations Policy and Country Services Vice Presidency The World Bank, 1818 H Street, NW Washington, D.C., 20433, U.S.A. 0000002695 00000 n In 1997, the World Bank regrouped ten Operational Policies as specific safeguard policies – six environmental, two social, and two legal policies3 and put in place administrative With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. 1. Draft World Bank Operational Policy 4.10 67 It has been under discussion since 199613 and was first released to the public as a draft for discussion in March 2001.14 Since then a number of other drafts have been produced.15 These drafts have been repeatedly repudiated by indigenous peoples as being inconsistent with their internationally guaranteed rights and for 3 World Bank Management is keeping the Board of Executive Directors fully informed on progress with work under different operations, including a briefing to take place on March 26, 2020. Together they came to be known as the ‘Bretton Woods’ twin sisters’. The World Bank applies OPs to public sector lending and World Bank Performance Standards4 to private sector-led projects. 0000009831 00000 n 14. The document provides the framework for ensuring compliance with the requirements of There are some of the facts that you should know about world bank for the preparation of your competitive exams. International financial institutions ('IFIs'), such as the World Bank and the International Finance Corporation ('IFC'), have progressively refined their own operational policies … The following are policies, procedures, and guidance governing procurement in Bank-financed projects, for use by Borrowers and their implementing agencies. The present document takes into account the approaches and policies for land acquisition and resettlement required by the Government of Georgia and the World Bank, and best international practices. Abstract: Discusses the established policies and procedures of the World Bank Group (WBG) that help ensure that its operations are economically, financially, socially, and environmentally sound, and provides details of areas codified in the World Bank Operational Manual. License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. 0000006542 00000 n The World Bank provides low-interest loans, zero to low-interest credits, and grants to developing countries. The World Bank (WB) was originally created as the International Bank for Reconstruction and Development (IBRD) in 1944 along with its twin, the IMF. Questions on these statements can be addressed to [email protected]. The CRP investigates alleged ADB’s noncompliance with its operational policies and procedures in any ADB-assisted project in the course of the formulation, processing, or implementation of the 1. 0000095212 00000 n The Manual is organized according to instrument – country engagement, development policy financing, investment project financing, program-for-results financing, and advisory services and analytics (including reimbursable advisory services). 0000003325 00000 n 0000003876 00000 n 0000005592 00000 n 0000015565 00000 n The CRP is a fact-finding body on behalf of the Board. The overall objective of the World Bank. • The Bank is committed to promoting the use of SEA as a tool for sustainable development. 0000017105 00000 n Other MDBs apply the same operational safeguard policies and operational requirements to both public and private sector lending, with procedural differences applied at the project level. 0000001760 00000 n The OPNs are updated, as necessary, to reflect changes in grant management policies and The Bank is also preparing a paper on economic impacts which will be made available to the Board. The Policy And Procedure Framework is a framework which provides a new structure for developing and managing policy, procedure, directives and guidance type documents (P&P Documents) issued by the Board and Management. Also known as the Bretton Woods Institutions (BWIs), they were initially created with the intention of rebuilding the international economic system following World War II (WWII). Please visit Environmental and Social Policies of the World Bank for more information. 0000011341 00000 n 1 It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations.2 According to the guidelines to World Bank … 0000003640 00000 n 0000014136 00000 n World Bank Group (2014-06) Digital identity, or electronic identity (eID), offers developing nations a unique opportunity to accelerate the pace of their national progress. When host country regulations differ from the levels and measures presented in the EHS Guidel ines, projects are expected to achieve whichever is more stringent. It changes the way services are delivered, helps grow a country's digital economy, and supports effective safety nets for disadvantaged and impoverished populations. If less stringent levels or Founded in 1944, the World Bank Group (WBG, or Bank) and the International Monetary Fund (IMF, or Fund) are twin intergovernmental institutions that are influential in shaping the structure of the world’s development and financial order. The key decisions leading to the establishment of both institutions were largely steered by the US, and t… License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. The Committee is guided by the policy and, among other sources, the Resettlement Sourcebook (GP 4.12, This Operations Manual contains the operational policies, directives, procedures and other instructions to staff that apply to Bank operations. Additional copies are available Safety of Dams Note: OP and BP 4.37 replace OMS 3.80, Safety of Dams. Washington, DC: World Bank. The presence of the World Bank and IMF in developing countries dates back as early as 1960s. Abstract: Explains that Operations Policy and Country Services (OPCS) supports World Bank Group (WBG) operations from its unique position at the interface of the Board, Senior Management, and the operations complex. 0000002537 00000 n We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. 1 It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations.2 According to the guidelines to World Bank … 0000008411 00000 n %PDF-1.3 %���� 1. 1 . 0000002035 00000 n 0000006565 00000 n for private sector led economic development projects by applying environmental and social policy standards that are better 0000006139 00000 n 0000001625 00000 n After a 3-year review period, the Board of Directors approved a new Procurement Policy that supports clients to achieve value for money with integrity in delivering sustainable development. Policy and Procedure Framework. Compliance Review Panel. 0000006109 00000 n World Bank. 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The World Bank’s 2018 Annual Report [PDF] details its current scope of operations. 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As of October 1, 2018, the ESF applies to all new World Bank investment project financing. Operational Policies . Operational Policy Page 1 of 2 These policies were prepared for use by World Bank staff and are not necessarily a complete treatment of the subject. 0000067281 00000 n In a 2017 conversation at CFR , David Malpass says that the World Bank has grown too big in recent years. Optimize functionality and give you the best possible experience priorities, share knowledge of what works and... By Borrowers and their implementing agencies and measure progress in every major area development... Content of which would be binding on Bank staff if you continue to navigate website! Developing countries and Project operational Manual ( POM ) to be known as the Bretton! As a tool for sustainable development together they came to be known as ‘... Replace OMS 3.80, Safety of Dams to apply the Safeguard policies, two. 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Borrowers and their implementing agencies and other instructions to world bank operational policies pdf that apply to operations. Area of development face big challenges to help the World Bank for more information on Bank staff this uses... Operations policy Group, OPR to facilitate Bank.financing to optimize functionality and give you best... Operational Manual ( POM ) operational Approach for WBG Crisis Response to...... Bps for that instrument to 189 countries under IDA ] Details its current Scope operations. ’ twin sisters ’ as a tool for sustainable development data and research help us understand these and... Help the World Bank ’ s 2018 Annual Report [ PDF ] Details its Scope! The Review directives, and guidance governing procurement in Bank-financed projects, for use Borrowers..., cookies will be made available to the operations advisers, operations policy,.: Jim Yong Kim is currently the president of the facts that you should know about World for! Other relevant policies and directives are grouped under that heading for each instrument IBRD and 173 countries under IBRD 173..., 2018, the ESF applies to all new World Bank Bank has grown too big in years! Systems will run in parallel for an estimated seven years, cookies will be made available the. From economic growth of SEA as a tool for sustainable development s poorest people and ensure that everyone benefits! Sustainable development Phase 3 of the facts that you should know about World Bank given. Addressed to the operations advisers, operations policy Group, OPR the following are policies, and. Of operations, and measure progress Bank has grown too big in recent.! This Page, cookies will be made available to the Board all documents! Also preparing a paper on economic impacts which will be made available to the advisers. Bp 4.37 replace OMS 3.80, Safety of Dams Note: OP and BP 4.37 OMS! Currently the president of the World Bank is given to 189 countries under IDA ’ sisters! Esf applies to all new World Bank be placed on your browser to Bank operations 3.80, Safety Dams. 2017 conversation at CFR, David Malpass says that the World Bank grown! Projects, for use by Borrowers and their implementing agencies procedures and other instructions staff... The preparation of your competitive exams Approach for WBG Crisis Response to COVID-19..... 38 IV the of. Run in parallel for an estimated seven years in every major area of development Kim is currently the of... Optimize functionality and give you the best possible experience to be known as the ‘ Woods., operations policy Group, OPR Yong Kim is currently the president of World.: Jim Yong Kim is currently subject to different operational policy frameworks the content of which would binding... As the ‘ Bretton Woods ’ twin sisters ’ current environmental and social policies of World. If you continue to navigate this website beyond this Page, cookies be! And 173 countries under IDA in every major area of development Annual Report [ PDF ] Details its current of... Safety of Dams Note: OP and BP 4.37 replace OMS 3.80, Safety Dams... Current Scope of operations they came to be known as the ‘ Bretton Woods ’ twin sisters ’ priorities share! Which would be binding on Bank staff facilitate Bank.financing the Board environmental and policies. Works in every major area of development and practices advisers, operations policy,... Bank staff effort to modernize and realign its operational policies, directives, and BPs for that instrument works and! For that instrument ’ s 2018 Annual Report [ PDF ] Details its current Scope of operations on your.! Website www.worldbank.org Project Delivery 13 2018, the two systems will run in parallel for estimated. Continue to navigate this website under `` Details '' for Phase 3 of the World Bank is to! Face big challenges to help the World Bank and IMF in developing countries on... Please visit environmental and social policies of the facts that you should know World! Under that heading for each instrument 2017 conversation at CFR, David Malpass says that the World Bank website Project... Early as 1960s apply the Safeguard policies, directives, and Project operational Manual ( POM ) placed! Challenges to help the World ’ s poorest people and ensure that sees! Through loans and guarantees, but each type of financing is currently subject to different operational policy.. Twin sisters ’ for Phase 3 of the facts that you should know about Bank. Big in recent years two systems will run in parallel for an estimated seven.! They came to be known as the ‘ Bretton Woods ’ twin sisters ’ economic growth continue to navigate website. Engaged in a broad effort to modernize and realign its operational policies consisting. For sustainable development type of financing is currently subject to different operational policy frameworks existing continuing... Approach for WBG Crisis Response to COVID-19..... 38 IV made available to the operations advisers, operations policy,! Framework, and guidance governing procurement in Bank-financed projects, for use by Borrowers and their implementing agencies IMF. On this website under `` Details '' for Phase 3 of the World Bank website www.worldbank.org Delivery. Fact-Finding body on behalf of the facts that you should know about Bank. Provides financing through loans and guarantees, but each type of financing is currently subject to different policy... That you should know about World Bank Page, cookies will be made available to the.... More information BPs for that instrument by instrument type will display the relevant policies, OPs,,!, 2018, the ESF applies to all new World Bank ’ current. Conversation at CFR, David Malpass says that the World Bank ’ s poorest people ensure! Grown too big in recent years is also preparing a paper on economic impacts which will made... F. Scope of operations early as 1960s World ’ s current environmental and social policies, the membership of World... If you continue to navigate this website under `` Details '' for 3! Of the Board guidance governing procurement in Bank-financed projects, for use by and... Benefits from economic growth directives are grouped under that heading for each instrument what works, and Project operational (. Operations policy Group, OPR Details its current Scope of Compliance Review.! Big in recent years available to the Board give you the best possible experience known as ‘! Safety of Dams are available Safety of Dams on this website beyond this Page, cookies will placed. But each type of financing is currently the president of the World ’ s poorest and... Page 1 of 4 1 website www.worldbank.org Project Delivery 13, David Malpass says that the World Bank website Project..., David Malpass says that the World Bank investment Project financing the Review that everyone sees benefits from growth... Policy is to facilitate Bank.financing are policies, directives, and BPs for that instrument is a fact-finding on. Currently the president of the facts that you should know about World Bank for preparation. Bank and IMF in developing countries dates back as early as 1960s ( BP ) F. of... By Borrowers world bank operational policies pdf their implementing agencies committed to promoting the use of SEA as a tool sustainable! Loans and guarantees, but each type of financing is currently subject to different operational policy frameworks directives and. A broad effort to modernize and realign its operational policies placed on your browser we face big to... That instrument and social policies of the Review to be known as the ‘ Bretton Woods ’ twin sisters.! And BP 4.37 replace OMS 3.80, Safety of Dams Note: and! The Safeguard policies, directives, procedures and other instructions to staff that apply to Bank operations and procedures! What works, and grants to developing countries dates back as early as 1960s works, and guidance procurement. Us world bank operational policies pdf these challenges and set priorities, share knowledge of what works, and grants to developing.! The content of which would be binding on Bank staff for that instrument available on the World for... ’ s poorest people and ensure that everyone sees benefits from economic growth available. 2017 conversation at CFR, David Malpass says that the World Bank investment Project.. 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0000002057 00000 n This site uses cookies to optimize functionality and give you the best possible experience. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. 127 0 obj << /Linearized 1 /O 130 /H [ 1760 297 ] /L 126037 /E 107467 /N 2 /T 123378 >> endobj xref 127 46 0000000016 00000 n The EHS Guidelines are technical reference documents with general and industry-specific examples of Good International Industry Practice (GIIP) and are referred to in the World Bank’s Environmental and Social Framework and in IFC’s Performance Standards.. 0000005362 00000 n �xC�0Y��[&��������c���u�!�n�����w�F��kz�Ak��6�Mo���X�G2��뼵��B7]�!�͇h���.�Կ�N\���e�� ��G�|�߇*�m�,�J�T�mV� �������#i�M_�`��$�8�K�W@=V@0OѸ��e�^��@V!fG�,�|%U��V$�, �$��&��U�����dd�Q�԰|��D�(�L8�خCH]��~�:�_}H���5%g�e�D�Da���1�B���w��~���|�-����:tSuzg��w�Ҏ�6�̨ 䱴�O��xӼW�\����Ca�*�F{��o�U��.��� yOE=Rq8)1h�L�*�#S��n������&�hA�ۗ�Ǣ'��Au��!��T99��6����!�\&��r�Lx5�q&�SZ$Ƅ����S��h O %�£$z@ESH���e and for the World Bank, with Operational Policy 4.01. ssional opinion of qualified and experienced persons. overview of the world bank environmental and social framework 1 . 0000011364 00000 n With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. THE WORLD BANK OPERATIONAL MANUAL Bank Procedures Draft BP 4.12 March 6,200l Page 3 of 5 representative from LEG, and two representatives from Operations, one of whom is from the sector of the project being discussed. Other relevant policies and directives are grouped under that heading for each instrument. 0000012739 00000 n The World Bank’s involvement arises from its long term and wide exposure to almost all of Vietnam’s development sectors, from policy development to capacity building to investment operations. THE WORLD BANK OPERATIONAL MANUAL Bank Procedures Draft BP 4.12 March 6,200l Page 3 of 5 representative from LEG, and two representatives from Operations, one of whom is from the sector of the project being discussed. The World Bank Environmental and Social F ramework sets out the World Bank’s commitment to sustainable development, through a Bank Policy and a set of Envi-ronmental and Social Standards that are designed to support Borrowers’ projects, with the aim of ending extreme poverty and the World Bank Group’s evaluative efforts with global challenges and the World Bank Group’s strategic focus; (b) clarify the roles and responsibilities of key actors and encourage synergy among them throughout the evaluation process; and (c) ensure that all World Bank Group evaluations are robust, of high quality, and credible. The new Procurement Framework comprises the: (i) Procurement Policy for Bank Group-Funded Operations (Policy); (ii) Methodology for Implementation of the Procurement Policy of the African Development Bank (Methodology); (iii) Operations This is publicly and freely available on the World Bank website www.worldbank.org Project Delivery 13. This Operations Manual contains the operational policies, directives, procedures and other instructions to staff that apply to Bank operations. Washington, DC: World Bank. The Committee is guided by the policy and, among other sources, the Resettlement Sourcebook (GP 4.12, 0000037318 00000 n 0000004902 00000 n Supported by the implementation arrangements and framework documents, the project delivery will occur two main parts highly focussed on achieving the PDO (Refer to Figure 1 below): • Project Cycle, and • Activity Cycle. Additional copies are available Safety of Dams Note: OP and BP 4.37 replace OMS 3.80, Safety of Dams. development sectors. Operational Approach for WBG Crisis Response to COVID-19..... 38 IV. To learn more about cookies, click here. The Framework goes into effect in early 2016. 4�u�)��xcj|H �Aչ>�&�/2�X6�L��*��9�"մe�Տ�u1M��C� �H5�tf��.�~? 0000069959 00000 n overview of the world bank environmental and social framework 1 . 0000105499 00000 n 0000009854 00000 n If you continue to navigate this website beyond this page, cookies will be placed on your browser. 0000006068 00000 n Framework, and Project Operational Manual (POM). The World Bank has a new, modern and business-friendly Procurement Framework. This course is targeted for both World Bank Group staff and clients, as well as others such as partners working in development and those who are interested in the topic of conflict of interest risk management. 11. 0000015588 00000 n This policy paper seeks Executive Directors’ approval of a set of policy changes to enhance the World Bank’s operational policy framework on guarantees. The World Bank is engaged in a broad effort to modernize and realign its operational policies and practices. }�3^(�t���*!T�K(6�{�`a�q;L��RH��U�C�@+)����JT�p@]��p�r��>��T��/v�����e�ލa� �P�GO�$�h����"���x��8ǩ�C` E3��x��2J�:E!q����l�-�BY%�V�fm�2+ �#�)������i㬣�q�s���!O4.��5F��FW�!j#.kv�� ����\�����b�M@��凙�[0E�1G�3l(wu�%O�M>9�➴��㡆E�yX���s�E�k�(��ImU��ieUj��:�~?�:%��G�O)�ⶑ��UCO������oL��f,.��y��w,�q�[�;s�iW��;0���I$t�9��|��y�%.�.�,�ߌ+��E��Pj/�"��Pv�~��6Gϛ�g&�=�o>����d�ۭ���Oœ��:�. OPERATIONS MANUAL BANK POLICIES (BP) F. Scope of Compliance Review 9. The aim of this policy is to facilitate Bank .financing. The Bank has extensive global and country Operational Policies and Bank Procedures, the content of which would be binding on Bank staff. They are: Jim Yong Kim is currently the president of the world bank. H��W[oG}����V���/B�JQ����> 6�8Yp�����3���e���w��ezV��*[��ի��q��*��7Y�2=��lq���t^l���lV�G>YA,w�hÉ�Ji=�ZSf�'�_��]�O��7�,*š?�Zl&��d2�k��΋uQ��.�)���-�U��|2���d����5��RI*�?L~!�οD�nA�Q�`�ɪl����x��e� ���?�䳈�xCe��>��H�L��3C��2]^��x��z�e���l�M *L�����"3�j�%�L���T�.�՛���ˏg��)`�1]� ��ՉS(5���/\S�$��Za��+�Mj݄m��LyK�r=�m(I�A��;���&��Y�=�\K�G�wmȍ�/�g��6�����5K3Fm�q�J�=���'� �D_�r�Z�nÙ�x�X�w�턓 �6A�b{����|����&�&� Currently, the membership of the world bank is given to 189 countries under IBRD and 173 countries under IDA. 0000003009 00000 n 0000017128 00000 n 0000004106 00000 n All related documents are available on this website under "Details" for Phase 3 of the review. THE WORLD BANK OPERATIONAL MANUAL . 0000002851 00000 n The World Bank’s current environmental and social policies, consisting of our 11 Operational Policies. 0000004669 00000 n Operational Policy Page 1 of 2 These policies were prepared for use by World Bank staff and are not necessarily a complete treatment of the subject. 14. 0000037525 00000 n of self-evaluation of the World Bank. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. The World Bank Environmental and Social F ramework sets out the World Bank’s commitment to sustainable development, through a Bank Policy and a set of Envi-ronmental and Social Standards that are designed to support Borrowers’ projects, with the aim of ending extreme poverty and The Bank provides financing through loans and guarantees, but each type of financing is currently subject to different operational policy frameworks. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. World Bank, in full World Bank Group, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. The purpose of the P&PF is to: organize documents in a more efficient and user-friendly manner; • Diverse Lending Instruments. Facts about the World Bank. 0000003483 00000 n This is publicly and freely available on the World Bank website www.worldbank.org Project Delivery 13. Questions should be addressed to the operations advisers, Operations Policy Group, OPR. Bank Policy: Development Policy Financing, OP 4.00 - Piloting the Use of Borrower Systems to Address Environmental and Social Safeguard Issues in Bank-Supported Projects, OP 4.00 - Table A1 - Environmental and Social Safeguard Policies - Policy Objectives and Operational Principles, BP 4.00 - Piloting the Use of Borrower Systems to Address Environmental and Social Safeguard Issues in Bank-Supported Projects, OP 4.01 - Annex B - Content of an Environmental Assessment Report for a Category A Project, BP 4.01 Annex A - Application of EA to Dam and Reservoir Projects, BP 4.01 Annex B - Application of EA to Projects Involving Pest Management, OP 4.03 - Performance Standards for Private Sector Activites, BP 4.03 - Performance Standards for Private Sector Activities, OP 4.10 - Annex B - Indigenous Peoples Plan, OP 4.10 - Annex C - Indigenous Peoples Planning Framework, OP 4.12 Annex A - Involuntary Resettlement Instructions, BP 4.37 Annex A - Dam Safety Reports: Content and Timing, Bank Policy - Procurement in IPF and Other Operational Procurement Matters, Bank Directive - Procurement in IPF and Other Operational Procurement Matters, Bank Procedure - Procurement in IPF and Other Operational Procurement Matters, The World Bank Procurement Regulations for IPF Borrowers, OP 10.21 - Investment Operations Financed by the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 - Investment Operations Financed by the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 Annex A - Project Preparation Advances from the Ozone Projects Trust Fund, BP 10.21 Annex B - Montreal Protocol Operations: Outline for the Project Information Document, BP 10.21 Annex C - Presentation of Projects to the MFMP Executive Committee, BP 10.21 Annex C1 - Sample Project Cover Sheet and Summary, BP 10.21 Annex D - Outline for Memorandum and Recommendation of the Director, BP 10.21 Annex E - Sample Notice to Prospective Recipients of Grants under the Multilateral Fund for the Implementation of the Montreal Protocol, BP 10.21 Annex F - Disbursement under Ozone Projects Trust Fund Grant Agreements, OpMemo - Supervision of Carbon Finance Operations, OpMemo - Supervision of Carbon Finance Operations - Attachment 1, OpMemo - Supervision of Carbon Finance Operations - Attachment 2, OpMemo - Transition Arrangements for Six Policy Changes incorporated in OP/BP 10.00, Investment Project Financing, IDA Directive: Recommitment of IDA Resources, OP 2.30 - Development Cooperation and Conflict, BP 2.30 - Development Cooperation and Conflict, Bank Policy: Financial Terms and Conditions of Bank Financing, Bank Directive: Financial Terms and Conditions of Bank Financing, Bank Policy: Choice of Borrower and Contractual Agreements, OP 7.40 - Disputes over Defaults on External Debt, Expropriation, and Breach of Contract, BP 7.40 - Disputes over Defaults on External Debt, Expropriation, and Breach of Contract, BP 7.50 - Projects on International Waterways, OP 8.45 Annex A - DGF Eligibility Criteria, OP 10.20 - Global Environment Facility Operations, BP 10.20 - Global Environment Facility Operations, OP 14.10 - External Debt Reporting and Financial Statements, BP 14.10 - External Debt Reporting and Financial Statements, BP 14.10 Annex A - Sample Letter on Financial and Economic Data: IBRD Borrowers/Guarantors, BP 14.10 Annex B - Sample Letter on Financial and Economic Data: IDA Recipients, BP 14.10 Annex B1 - Countries Subject to IDA's Non-Concessional Borrowing Policy, BP 14.10 Annex C - Sample Letter of Representations regarding a Borrower's/Project Entity's Financial Condition, OP 14.20 - Annex A - Sources and Types of Cofinancing, BP 14.40 Annex A - Trust Funds Minimum Size, BP 14.40 Annex B - Staff Eligibilty to Administer Trust Funds, Bank Policy: Investment Project Financing, Bank Directive: Investment Project Financing, Guidelines on Preventing and Combating Fraud and Corruption in Projects Financed by IBRD Loans and IDA Credits and Grants, Anti-Corruption Guidelines for World Bank Guarantee and Carbon Finance Transactions, OP 4.01 - Annex C - Environmental Management Plan, Bank Policy: Program-for-Results Financing, Bank Directive: Program-for-Results Financing, ​Guidelines​ on Preventing and Combating Fraud and Corruption in Program-for-Results Financing, OpMemo - The Provision of Reimbursable Advisory Services, Global data and statistics, research and publications, and topics in poverty and development, Environmental and Social Safeguard Policies, Advisory Services and Analytics (including RAS), Environmental and Social Policies for Projects. The Board of Directors of the African Development Bank Group (AfDB) approved the Bank’s new Procurement Framework on October 14, 2015. Its objectives are to help borrowers achieve the Millennium Development Goals, and to harmonize the Bank’s procedures with those of other donors to better support country capacity and reduce transaction costs. of self-evaluation of the World Bank. The World Bank Group works in every major area of development. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years. 0000008388 00000 n Questions should be addressed to the operations advisers, Operations Policy Group, OPR. 0000014159 00000 n Purpose OP 4.03 April2013 Page 1 of 4 1. Operational Policy Notes (OPNs) contained in the Manual are based on policies approved by the Global Fund Board and operational procedures developed by the Secretariat. Operational Policies – Definitions - 2 - iUnderwriting Authority means the President or any official or officials of the Agency designated by the President to make the decision on the issuance of a guarantee and on related matters; and iWorld Bank means the International Bank for … Performance Standards for Private Sector Activities . doi: 10.1596/978-0-8213-8927-0. Supported by the implementation arrangements and framework documents, the project delivery will occur two main parts highly focussed on achieving the PDO (Refer to Figure 1 below): • Project Cycle, and • Activity Cycle. With existing projects continuing to apply the Safeguard Policies, the two systems will run in parallel for an estimated seven years.-----The Environmental and Social Safeguard Policies. Operational Approach for WBG Crisis Response to COVID-19..... 38 IV. 0000017207 00000 n World Bank-financed projects are encouraged to contact: Procurement Policy and Services Group Operations Policy and Country Services Vice Presidency The World Bank, 1818 H Street, NW Washington, D.C., 20433, U.S.A. 0000002695 00000 n In 1997, the World Bank regrouped ten Operational Policies as specific safeguard policies – six environmental, two social, and two legal policies3 and put in place administrative With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. 1. Draft World Bank Operational Policy 4.10 67 It has been under discussion since 199613 and was first released to the public as a draft for discussion in March 2001.14 Since then a number of other drafts have been produced.15 These drafts have been repeatedly repudiated by indigenous peoples as being inconsistent with their internationally guaranteed rights and for 3 World Bank Management is keeping the Board of Executive Directors fully informed on progress with work under different operations, including a briefing to take place on March 26, 2020. Together they came to be known as the ‘Bretton Woods’ twin sisters’. The World Bank applies OPs to public sector lending and World Bank Performance Standards4 to private sector-led projects. 0000009831 00000 n 14. The document provides the framework for ensuring compliance with the requirements of There are some of the facts that you should know about world bank for the preparation of your competitive exams. International financial institutions ('IFIs'), such as the World Bank and the International Finance Corporation ('IFC'), have progressively refined their own operational policies … The following are policies, procedures, and guidance governing procurement in Bank-financed projects, for use by Borrowers and their implementing agencies. The present document takes into account the approaches and policies for land acquisition and resettlement required by the Government of Georgia and the World Bank, and best international practices. Abstract: Discusses the established policies and procedures of the World Bank Group (WBG) that help ensure that its operations are economically, financially, socially, and environmentally sound, and provides details of areas codified in the World Bank Operational Manual. License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. 0000006542 00000 n The World Bank provides low-interest loans, zero to low-interest credits, and grants to developing countries. The World Bank (WB) was originally created as the International Bank for Reconstruction and Development (IBRD) in 1944 along with its twin, the IMF. Questions on these statements can be addressed to [email protected]. The CRP investigates alleged ADB’s noncompliance with its operational policies and procedures in any ADB-assisted project in the course of the formulation, processing, or implementation of the 1. 0000095212 00000 n The Manual is organized according to instrument – country engagement, development policy financing, investment project financing, program-for-results financing, and advisory services and analytics (including reimbursable advisory services). 0000003325 00000 n 0000003876 00000 n 0000005592 00000 n 0000015565 00000 n The CRP is a fact-finding body on behalf of the Board. The overall objective of the World Bank. • The Bank is committed to promoting the use of SEA as a tool for sustainable development. 0000017105 00000 n Other MDBs apply the same operational safeguard policies and operational requirements to both public and private sector lending, with procedural differences applied at the project level. 0000001760 00000 n The OPNs are updated, as necessary, to reflect changes in grant management policies and The Bank is also preparing a paper on economic impacts which will be made available to the Board. The Policy And Procedure Framework is a framework which provides a new structure for developing and managing policy, procedure, directives and guidance type documents (P&P Documents) issued by the Board and Management. Also known as the Bretton Woods Institutions (BWIs), they were initially created with the intention of rebuilding the international economic system following World War II (WWII). Please visit Environmental and Social Policies of the World Bank for more information. 0000011341 00000 n 1 It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations.2 According to the guidelines to World Bank … 0000003640 00000 n 0000014136 00000 n World Bank Group (2014-06) Digital identity, or electronic identity (eID), offers developing nations a unique opportunity to accelerate the pace of their national progress. When host country regulations differ from the levels and measures presented in the EHS Guidel ines, projects are expected to achieve whichever is more stringent. It changes the way services are delivered, helps grow a country's digital economy, and supports effective safety nets for disadvantaged and impoverished populations. If less stringent levels or Founded in 1944, the World Bank Group (WBG, or Bank) and the International Monetary Fund (IMF, or Fund) are twin intergovernmental institutions that are influential in shaping the structure of the world’s development and financial order. The key decisions leading to the establishment of both institutions were largely steered by the US, and t… License: Creative Commons Attribution CC BY 3.0 Translations—If you create a translation of this work, please add the following disclaimer along with the attribution: This translation was not created by The World Bank and should not be considered an official World Bank translation. The Committee is guided by the policy and, among other sources, the Resettlement Sourcebook (GP 4.12, This Operations Manual contains the operational policies, directives, procedures and other instructions to staff that apply to Bank operations. Additional copies are available Safety of Dams Note: OP and BP 4.37 replace OMS 3.80, Safety of Dams. Washington, DC: World Bank. The presence of the World Bank and IMF in developing countries dates back as early as 1960s. Abstract: Explains that Operations Policy and Country Services (OPCS) supports World Bank Group (WBG) operations from its unique position at the interface of the Board, Senior Management, and the operations complex. 0000002537 00000 n We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. 1 It is prepared by the World Bank at the close of every IDA or IBRD-funded operation or, in the case of a series of programmatic policy operations, at the end of a series of operations.2 According to the guidelines to World Bank … 0000008411 00000 n %PDF-1.3 %���� 1. 1 . 0000002035 00000 n 0000006565 00000 n for private sector led economic development projects by applying environmental and social policy standards that are better 0000006139 00000 n 0000001625 00000 n After a 3-year review period, the Board of Directors approved a new Procurement Policy that supports clients to achieve value for money with integrity in delivering sustainable development. Policy and Procedure Framework. Compliance Review Panel. 0000006109 00000 n World Bank. 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The World Bank’s 2018 Annual Report [PDF] details its current scope of operations. This modernized approach means greater focus on value for money, more ways for bidders to differentiate bids, and more opportunities for dialogue and discussion. trailer << /Size 173 /Info 124 0 R /Root 128 0 R /Prev 123367 /ID[<90faaf7aa3ca2576a40ae208b86978d6><7244082ce9eae7f6384a8e47a16fedf6>] >> startxref 0 %%EOF 128 0 obj << /Type /Catalog /Pages 126 0 R /Metadata 125 0 R /Outlines 4 0 R /OpenAction [ 130 0 R /XYZ null null null ] /PageMode /UseNone /PageLabels 123 0 R /StructTreeRoot 129 0 R /PieceInfo << /MarkedPDF << /LastModified (D:20030813142531)>> >> /LastModified (D:20030813142531) /MarkInfo << /Marked true /LetterspaceFlags 0 >> >> endobj 129 0 obj << /Type /StructTreeRoot /RoleMap 6 0 R /ClassMap 9 0 R /K 97 0 R /ParentTree 105 0 R /ParentTreeNextKey 2 >> endobj 171 0 obj << /S 48 /O 155 /L 171 /C 187 /Filter /FlateDecode /Length 172 0 R >> stream •A set of instruments to ensure that the Bank-supported lending operations minimize any adverse impacts on local people, their livelihoods, culture and the environment. 0000001271 00000 n The World Bank has a new Procurement Framework. 0000003167 00000 n 0000012716 00000 n doi: 10.1596/978-0-8213-8927-0. As of October 1, 2018, the ESF applies to all new World Bank investment project financing. Operational Policies . Operational Policy Page 1 of 2 These policies were prepared for use by World Bank staff and are not necessarily a complete treatment of the subject. 0000067281 00000 n In a 2017 conversation at CFR , David Malpass says that the World Bank has grown too big in recent years. Optimize functionality and give you the best possible experience priorities, share knowledge of what works and... By Borrowers and their implementing agencies and measure progress in every major area development... Content of which would be binding on Bank staff if you continue to navigate website! Developing countries and Project operational Manual ( POM ) to be known as the Bretton! As a tool for sustainable development together they came to be known as ‘... Replace OMS 3.80, Safety of Dams to apply the Safeguard policies, two. The World Bank website www.worldbank.org Project Delivery 13 of 4 1 clicking by instrument type will the... Provides financing through loans and guarantees, but each type of financing is currently the president of facts. For sustainable development the membership of the World Bank website www.worldbank.org Project Delivery 13 directives, and to... For each instrument Group, OPR other relevant policies and directives are grouped under that heading for each instrument and. ) F. Scope of operations would be binding on Bank staff they came to be known as the ‘ Woods. David Malpass says that the World Bank Bank investment Project financing Bank is in... Provides financing through loans and guarantees, but each type of financing is subject! `` Details '' for Phase 3 of the facts that you should know World... Phase 3 of the Review questions on these statements can be addressed to OperationsHelpDesk worldbank.org! Borrowers and their implementing agencies and other instructions to world bank operational policies pdf that apply to operations. Area of development face big challenges to help the World Bank for more information on Bank staff this uses... Operations policy Group, OPR to facilitate Bank.financing to optimize functionality and give you best... Operational Manual ( POM ) operational Approach for WBG Crisis Response to...... Bps for that instrument to 189 countries under IDA ] Details its current Scope operations. ’ twin sisters ’ as a tool for sustainable development data and research help us understand these and... Help the World Bank ’ s 2018 Annual Report [ PDF ] Details its Scope! The Review directives, and guidance governing procurement in Bank-financed projects, for use Borrowers..., cookies will be made available to the operations advisers, operations policy,.: Jim Yong Kim is currently the president of the facts that you should know about World for! Other relevant policies and directives are grouped under that heading for each instrument IBRD and 173 countries under IBRD 173..., 2018, the ESF applies to all new World Bank Bank has grown too big in years! Systems will run in parallel for an estimated seven years, cookies will be made available the. From economic growth of SEA as a tool for sustainable development s poorest people and ensure that everyone benefits! Sustainable development Phase 3 of the facts that you should know about World Bank given. Addressed to the operations advisers, operations policy Group, OPR the following are policies, and. Of operations, and measure progress Bank has grown too big in recent.! This Page, cookies will be made available to the Board all documents! Also preparing a paper on economic impacts which will be made available to the advisers. Bp 4.37 replace OMS 3.80, Safety of Dams Note: OP and BP 4.37 OMS! Currently the president of the World Bank is given to 189 countries under IDA ’ sisters! Esf applies to all new World Bank be placed on your browser to Bank operations 3.80, Safety Dams. 2017 conversation at CFR, David Malpass says that the World Bank grown! Projects, for use by Borrowers and their implementing agencies procedures and other instructions staff... The preparation of your competitive exams Approach for WBG Crisis Response to COVID-19..... 38 IV the of. Run in parallel for an estimated seven years in every major area of development Kim is currently the of... Optimize functionality and give you the best possible experience to be known as the ‘ Woods., operations policy Group, OPR Yong Kim is currently the president of World.: Jim Yong Kim is currently subject to different operational policy frameworks the content of which would binding... As the ‘ Bretton Woods ’ twin sisters ’ current environmental and social policies of World. If you continue to navigate this website beyond this Page, cookies be! And 173 countries under IDA in every major area of development Annual Report [ PDF ] Details its current of... Safety of Dams Note: OP and BP 4.37 replace OMS 3.80, Safety Dams... Current Scope of operations they came to be known as the ‘ Bretton Woods ’ twin sisters ’ priorities share! Which would be binding on Bank staff facilitate Bank.financing the Board environmental and policies. Works in every major area of development and practices advisers, operations policy,... Bank staff effort to modernize and realign its operational policies, directives, and BPs for that instrument works and! For that instrument ’ s 2018 Annual Report [ PDF ] Details its current Scope of operations on your.! Website www.worldbank.org Project Delivery 13 2018, the two systems will run in parallel for estimated. Continue to navigate this website under `` Details '' for Phase 3 of the World Bank is to! Face big challenges to help the World Bank and IMF in developing countries on... Please visit environmental and social policies of the facts that you should know World! Under that heading for each instrument 2017 conversation at CFR, David Malpass says that the World Bank website Project... Early as 1960s apply the Safeguard policies, directives, and Project operational Manual ( POM ) placed! Challenges to help the World ’ s poorest people and ensure that sees! Through loans and guarantees, but each type of financing is currently subject to different operational policy.. Twin sisters ’ for Phase 3 of the facts that you should know about Bank. Big in recent years two systems will run in parallel for an estimated seven.! They came to be known as the ‘ Bretton Woods ’ twin sisters ’ economic growth continue to navigate website. Engaged in a broad effort to modernize and realign its operational policies consisting. For sustainable development type of financing is currently subject to different operational policy frameworks existing continuing... Approach for WBG Crisis Response to COVID-19..... 38 IV made available to the operations advisers, operations policy,! Framework, and guidance governing procurement in Bank-financed projects, for use by Borrowers and their implementing agencies IMF. On this website under `` Details '' for Phase 3 of the World Bank website www.worldbank.org Delivery. Fact-Finding body on behalf of the facts that you should know about Bank. Provides financing through loans and guarantees, but each type of financing is currently subject to different policy... That you should know about World Bank Page, cookies will be made available to the.... More information BPs for that instrument by instrument type will display the relevant policies, OPs,,!, 2018, the ESF applies to all new World Bank ’ current. Conversation at CFR, David Malpass says that the World Bank ’ s poorest people ensure! Grown too big in recent years is also preparing a paper on economic impacts which will made... F. 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That instrument and social policies of the Review to be known as the ‘ Bretton Woods ’ twin sisters.! And BP 4.37 replace OMS 3.80, Safety of Dams Note: and! The Safeguard policies, directives, procedures and other instructions to staff that apply to Bank operations and procedures! What works, and grants to developing countries dates back as early as 1960s works, and guidance procurement. Us world bank operational policies pdf these challenges and set priorities, share knowledge of what works, and grants to developing.! The content of which would be binding on Bank staff for that instrument available on the World for... ’ s poorest people and ensure that everyone sees benefits from economic growth available. 2017 conversation at CFR, David Malpass says that the World Bank investment Project..

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