There are tens of thousands of donor-funded development projects worldwide, each governed by countless demands, guidelines and procedures designed to protect the projects and ensure that aid gets to the poor. Experience shows that capacity in developing countries can be improved and strengthened quickly when donors better coordinate their activities and harmonize their procedures.
As such, the World Bank works with other international institutions and donors, civil society and professional and academic associations to improve the coordination of aid policies and practices in countries, at the regional level and at the global level.
Funds, designs, demonstrates, and documents output-based aid (OBA) approaches to improve delivery of basic infrastructure and social services to the poor in developing countries.
The World Bank works with the following international institutions to improve the coordination of aid policies and practices in countries, at the regional level and at the global level:
Multilateral Development Banks
Multilateral Development Banks are institutions that provide financial support and professional advice for economic and social development activities in developing countries. The term Multilateral Development Banks (MDBs) typically refers to the World Bank Group and these four Regional Development Banks:
These banks are characterized by a broad membership, including both borrowing developing countries and developed donor countries, and not limited to member countries from the region of a regional development bank. Each bank has its own independent legal and operational status, but with a similar mandate and a considerable number of joint owners, the MDBs maintain a high level of cooperation.
Multilateral Financial Institutions
Several other banks and funds that lend to developing countries are also identified as multilateral development institutions, and are often grouped together as other Multilateral Financial Institutions (MFIs). They differ from the MDBs in that they have a narrower ownership/membership structure and they focus on special sectors or activities. Among these are:
The World Bank Group works in partnership with the development agencies of individual countries to better coordinate aid and to more effectively achieve development goals. Work is coordinated by various committees and consultations that take place throughout the year. See the Comprehensive Development Framework for more information on the Bank's work with aid coordination groups, some of which are listed here:
Over the years, the World Bank has collaborated with the United Nations in nearly every region and sector, deepening this engagement since the adoption of the Millennium Development Goals (MDGs) by the international community.
This strategic relationship liaises through the Bank's offices in New York and Geneva, in a proactive and forward-looking manner, coordinating positions as necessary with a Bank-wide network of managers and staff engaged in UN matters.
The World Bank office in New York focuses on three different levels:
This substantive diplomatic dialogue assures and promotes the strengthening and cooperation on development issues of mutual concern, including key thematic areas: fragile states, climate change and human development issues.
The New York office also represents Bank management in key UN meetings and forges strategic alliances while providing intelligence to the Bank’s staff; assists with the interaction between senior Bank managers and high-level UN officials, and facilitates participation in UN events, conferences, roundtables and summits.
Our work is to ensure the Bank’s position as a key advocate for development in the UN setting, the accuracy of its views included in the UN agenda, and also the correct understanding of the UN policies and operations and their incorporation, when appropriate, into the work of the Bank in support of development.
For more information about the World Bank's office in Geneva please visit the website.