Mayank discusses the five departments that make up the World Bank Group and how they work together (0:41):
- International Bank for Reconstruction and Development (IBRD)
- International Finance Corporation (IFC)
- International Development Association (IDA)
- Multilateral Investment Guarantee Agency (MIGA)
- International Centre for Settlement of Investment Disputes (ICSID)
how IDA is focussing on development in some of the poorest countries in the world, including investing in the private sector (2:40), and because the risks are so high in these countries how IDA is sharing the risk to allow IFC & MIGA to facilitate projects there, with a Solomon Islands case study example (04:48), the different types of risk in IDA-focussed countries such as Togo, Mali and Haiti and structural examples of ways they are working with IFC & MIGA here (08:58),
how IDA is also working alongside other DFIs and private capital investors but it has to be alongside IFC &/or MIGA who also originate these projects (13:07), how IDA & IFC’s partnership has been able to launch the first local currency bond in Cambodia, and gives confidence to investors in other new markets (15:08), how IDA has done $500 million of de-risking for Covid-related projects with a healthcare case study in Uganda, trade finance examples and the power of blended finance (17:19).
