World Bank Assistance and Support
The Bank approved $7.3 billion in lending to the region for 42 projects in fiscal year 2016, including $7.0 billion in IBRD loans and $233 million in IDA commitments. The Bank also signed 34 Reimbursable Advisory Services agreements with 9 countries for a total of $34.1 million. These agreements provide technical advice on such issues as the reform of education systems, public sector governance and institutional capacity building, and the planning and management of infrastructure investments.
The strategy for the region seeks to support clients in adjusting to the new normal given increasing vulnerabilities and risks. To that end, the Bank is supporting macroeconomic stability and advising on the policy response to currency pressures; working with clients to address the challenges of forced displacement and declining remittances; advising clients on budgets to support key reforms; supporting the development of safety nets; and helping countries to prioritize investment. At the same time, the Bank continues to assist in tackling the structural and long-term challenges affecting the region.
The Bank invests in macroeconomic growth, good governance, competitiveness, and job creation, as well as in improving public sector governance and ensuring good-quality public services. Bank-funded programs aim to support the resiliency and efficiency of financial sectors and banking systems, and also to modernize and expand transport infrastructure in order to support growth, connectivity, and competitiveness.
The Bank works with client countries to develop human capital and support inclusion through supporting the design and implementation of reforms to improve the efficiency and fiscal sustainability of pension, social protection, education, and health care systems.
Climate adaptation and energy efficiency remain strategic priorities for Europe and Central Asia, the world’s most energy-intensive developing region. The Bank advises on policy reforms that would increase energy efficiency, and provides investments and analytical services to improve climate resilience in many countries.