Presentation on Role of World Bank in Facilitating

8/8/2019 Presentation on Role of World Bank in Facilitating

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PRESENTATION ON ROLE OF WORLD

BANK IN FACILITATING GLOBAL

TRADE

PRESENTED BY:ANKIT SACHDEVA

ANMOL GULATI

AMIT PURI

DEVIKA MEHRA


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The World Bank is a vital source of financial and technical assistance

to developing countries around the world. Its mission is to fight

poverty with passion and professionalism for lasting results and to

help people help themselves and their environment by providingresources, sharing knowledge, building capacity and forging

partnerships in the public and private sectors.

Its not a bank in the common sense, it is made up of two unique

development institutions owned by 187 member countries: the

International Bank for Reconstruction and Development(IBRD) and

the International Development Association(IDA).

Each institution plays a different but collaborative role in advancing

the vision of inclusive and sustainable globalization. The IBRD aims

to reduce poverty in middle-income and creditworthy poorercountries, while IDA focuses on the world's poorest countries.

Their work is complemented by that of the International Finance

Corporation(IFC), Multilateral Investment Guarantee Agency(MIGA)

and the International Centre for the Settlement of InvestmentDisputes (ICSID).


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TRADE FACILITATION IS AN IMPERATIVE FORDEVELOPMENT

Trade Facilitation plays an important role in developmentas it enhances countries competitiveness, allowing themto trade goods and services on time and with lowtransaction costs.

This puts them in a greater position to avail of theopportunities offered by trade reform and tradeliberalization.

Many developing countries may not be able to takeadvantage of those opportunities unless they can makeinvestments to develop their trading capacities such as inports and roads improvements, improved efficiency incustoms administration.


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WORLD BANK

SUPPORTING!!

The Bank has been activelysupporting Trade Facilitation in thepast. In light of client countries

demand and the focus on TradeFacilitation in the Doha TradeDevelopment agenda, the Bankhas considerably stepped up itsanalytical and lending activities topromote trade integration.

Operational support to the Global

Facilitation Partnership forTransport and Trade (GFP) whichhas established itself as theworldwide forum for facilitationwith both private and public

participation.


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GLOBALFACILITATION PARTNERSHIP FORTRANSPORTATION ANDTRADE

The Global Facilitation Partnership for Transportation and Trade (GFP)

was established in 1999 and is a network of 150 members in both

developed and developing countries.

The partnership includes international organizations, trade

associations and the private sector.

The GFP aims to explore all aspects of Trade Facilitation from customs

procedures to transport infrastructure to cross border operations

with a view to cutting red tape, streamlining procedures and reducing

costs while at the same time increasing the level of confidence in thesecurity of the international trade supply chain.


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MAINSTREAMING TRADE

FACILITATION

The Bank is supporting client countries with bothANALYTICAL AND LENDING INSTRUMENTS:

The Bank is LENDING to projects involving one or several of

the areas of trade and transport facilitation. Depending on

the context, it can be an investment or an adjustment loan.

For instance, over the last twenty years the Bank financed

120 projects just for the customs modernization

component of Trade Facilitation.

Lending for Trade Facilitation is one of the fastest growing

themes in development finance.


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CONTuuThe Bank has also stepped up its

ANALYTICAL WORK, diagnosisand studies, in response to the

demand by the client countrieswilling to better cope with thevarious issues in Trade Facilitation.It is also stimulating the potential ofimplementation projects, in line

with the trend in lending.

Since 2003, the Bank has developeda fast growing program of Trade and

Transport Facilitation Audits(TTFAs). TTFAs are carried out aspart of wider analytical work (ontrade or investment climate) or as

part of project preparation.


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TRADE ANDTRANSPORTFACILITATION

AUDITS (TTFA) The facilitation audit establishes a diagnosis, as

comprehensive of procedural or operational constraints to

external trade and international transportation services.

The three main areas of focus are: a) procedures and

regulatory requirements for international trade

transactions (e.g. customs), b) efficiency and market

structure of transport services and infrastructures, c)

measurement of costs and delays.

This analysis is carried out through a series of interviews of

private sector operators and public agencies, according to

the methodology published by the World Bank in Trade and

Transport Facilitation.


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ACHIEVEMENTS Publication of the CUSTOMS

MODERNIZATION HANDBOOK.

The CMH was prepared by theInternational Trade Department ofthe World Bank in 2004. Itprovides guidance to organizationsand individuals that are involved in

the preparation andimplementation of customsmodernization projects.

It is designed as a practical toolkit,which will contribute to thedevelopment and implementationof more effective customs reformand modernization initiatives inthe future.


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CONTu.. Expansion of activities and

membership ofthe Global

Facilitation Partnership, the

creation of a new website and

the initiation of distance learning

activities.

The preparation ofTrade

Facilitation Seminars for the

Middle East and North Africa

Region for awareness.

The Bank has initiated a program

on TRADE LOGISTICS

PERFORMANCE INDICATORS.


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RECENT TRADE UPDATES

AUGUST 9, 2010 The World Bank Group has nearly completed its

consultations with stakeholders - including membergovernments, private sector bodies, civil societyorganizations, academia, international organizations, anddonor agencies - to gather input for a new trade strategy.

The consultations have generated a wealth of input andviews that will be reflected in the strategy. A draft strategypaper is expected to be ready in late September and will be

posted on this website for public comment before beingrevised for consideration by the World Bank board ofexecutive directors. The final strategy document is expectedto be completed in late 2010.


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CONTu.

Between July 2008 and January 2010, the Bank provided a record $89 billion insupport to developing and middle-income countries. Assistance includes:

$53.1 billion by the International Bank for Reconstruction andDevelopment(IBRD), which provides financing and technical assistance to middleincome countries, where 70% of the worlds poor live.

$18.3 billion committed by the International DevelopmentAssociation(IDA), which provides interest-free loans and grants to the worlds 79poorest countries.

$15.5 billion by the International Finance Corporation(IFC), the Bank Groupsprivate sector development arm, which also launched an array of crisis response

initiatives, including a $3 billion fund to strengthen banks, a $5 billion Global TradeLiquidity Program, and a $2.4 billion Infrastructure Crisis Facility.

$1.9 billion in guarantees by the Multilateral Investment GuaranteeAgency(MIGA), the Bank Groups political risk insurance agency. The majority ofthe guarantees support continued lending by banks in response to the financial

crisis.


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Presentation on Role of World Bank in Facilitating