abhishreshthaa
Abhijeet S
Financial Services - include the following three areas:
1. Lending Instruments
Depending upon eligibility, a member country will draw on loans from either IBRD or IDA to support a lending project. The Bank offers borrowers a number of lending instruments designed for different kinds of investment and adjustment projects.
Most investment projects use Specific Investment Loans (SILs) or Sector Investment and Maintenance Loans (SIMs), while most adjustment projects use Structural Adjustment (SALs) and Sector Adjustment (SECALs) loans.
2. Cofinancing,:
The Bank's Resource Mobilization and Cofinancing activities help its members obtain financial assistance from other sources. Cofinancing refers to funding committed by an external official bilateral or multilateral partner, an export credit agency, or a private source in the context of a specific Bank-funded project.
Trust funds enable the Bank, along with bilateral and multilateral donors, to mobilize funds for investment operations, as well as debt relief, emergency reconstruction, and technical assistance. Guarantees promote private financing in borrowing countries by covering risks the private sector is not normally ready to absorb or manage.
3. Grants:
Grant making complements the Bank's lending services. Grants are seed money for pilot projects with innovative approaches and technologies.Grants help the Bank leverage its financial and human resources, become catalysts for collaboration with partner organizations to promote shared regional and global objectives.
The World Bank's Development Grant Facility (DGF) provides overall strategy, allocations, and management of Bank grant-making activities. The DGF has supported programs in such sectors as rural development environment, health, education, economic policy, and private sector development.
1. Lending Instruments
Depending upon eligibility, a member country will draw on loans from either IBRD or IDA to support a lending project. The Bank offers borrowers a number of lending instruments designed for different kinds of investment and adjustment projects.
Most investment projects use Specific Investment Loans (SILs) or Sector Investment and Maintenance Loans (SIMs), while most adjustment projects use Structural Adjustment (SALs) and Sector Adjustment (SECALs) loans.
2. Cofinancing,:
The Bank's Resource Mobilization and Cofinancing activities help its members obtain financial assistance from other sources. Cofinancing refers to funding committed by an external official bilateral or multilateral partner, an export credit agency, or a private source in the context of a specific Bank-funded project.
Trust funds enable the Bank, along with bilateral and multilateral donors, to mobilize funds for investment operations, as well as debt relief, emergency reconstruction, and technical assistance. Guarantees promote private financing in borrowing countries by covering risks the private sector is not normally ready to absorb or manage.
3. Grants:
Grant making complements the Bank's lending services. Grants are seed money for pilot projects with innovative approaches and technologies.Grants help the Bank leverage its financial and human resources, become catalysts for collaboration with partner organizations to promote shared regional and global objectives.
The World Bank's Development Grant Facility (DGF) provides overall strategy, allocations, and management of Bank grant-making activities. The DGF has supported programs in such sectors as rural development environment, health, education, economic policy, and private sector development.