Director and Chief Economist Economics and Sustainability Group
Date: Tuesday, April 8th, 2014 Time: 10:30 a.m. - 12:00 p.m. ET (14:30 – 16:00 GMT or convert time) Location: Online
This event has concluded, view the replay below.
Starting July 1, 2014, the World Bank Group will adopt a new approach to our partnerships and programs in developing countries when the new Country Partnership Framework replaces the current Country Assistance (Partnership) Strategy (CAS/CPS). Join our webcast as experts describe how the new framework will enhance the Bank Group’s efforts to reduce extreme poverty and boost shared prosperity in developing countries. Among the improvements:
Being more evidence based. Each new country program will be preceded by a Systematic Country Diagnostic study using data and analytic methods to help identify the most critical constraints to reducing poverty.
Working more closely as a World Bank Group. Country programs will be developed jointly with World Bank, IFC, and MIGA to sharpen our focus on helping countries achieve their highest priorities.
Sharpening our priorities. The new framework will reflect the World Bank Group’s comparative advantage and be aligned with the goals of reducing extreme poverty and increasing shared prosperity in a sustainable manner.
The new process will consist of four steps: the Systematic Country Diagnostic (SCD), to inform the dialogue; the Country Partnership Framework to outline the 4-6-year program; a mid-cycle Performance and Learning Review to assess progress and make adjustments as needed; and, a Completion and Learning Review to more systematically capture lessons and identify areas for further work.
Will all the CSD steps, evidences, and every project happenings, every dollar spent and other details be visible transparently on World Bank website? Please note, this will definitely ensure the credibility of the World Bank, hence this question.
Will it still be a requirement in developing countries that project proponents are required/encouraged to partner with local NGOs?
What do you hope to achieve with these changes? How long will it take for people to notice a difference? Thank you.
The most serious questions I would like to pose is about the key concept on which is based the all structure of your program, I’m talking about “sustainable development”.
We all know deeply in our hearths and pockets that the actual “Business As Usual” economical system, it is every day more un-economic and un-ecological, in one word it is “unsustainable”.
Unsustainable, is the extraction of natural resources, starting from oil, on which the whole economy is depending on, which peaked already some years back, but continue to be the main Global Warming and Climate Change responsible, the forecast for this year is that El Niño could hit the globe severely more then ever.
Unsustainable is the increase of the world population specially in the poorest countries.
Therefore the question are:
• “sustainable development” isn’t it an outdated concept which should be replaced?
• “resilient and/or transitional development” wouldn’t be this concept more sustainable?
Thanks for the nice event and kind attention.
Naa Anyema Bentsi
So how different is this new model to the CAS? Previous CAS has been informed by diagnostics such as on growth, public financial management, social sectors, etc. How different is this approach (apart from involving IFC and MIGA in an integrated way) and what value will it bring to the beneficiary countries?
In countries with multi-layered democracy within a federal structure will all projects continue to be routed through the central Finance ministry?