February 22, 2022 – The World Bank Group offered a first-of-its-kind “Introduction to World Bank Group Operations” seminar for parliamentarians alongside the Parliamentary Network on the World Bank and IMF on February 22, 2022.
Some 80 legislators representing every region of the globe connected to gain a deeper understanding of the World Bank Group’s structure, mandate, operations, results, and current priorities. Through direct dialogue with high-level spokespeople from across the organization, including the International Finance Corporation (IFC), the International Development Association (IDA), and the Operations Policy and Country Services Unit of the Bank, parliamentarians also learned about their important roles in funding, shaping, and scrutinizing World Bank Group operations.
Prior to the technical presentations, Naysán Sahba, Manager, Global Engagement and Partnerships, World Bank, emphasized the essential role of parliamentarians in enacting laws, approving budgets and loans, shaping and reviewing development policies, and holding their governments accountable. As elected representatives, he noted that parliamentarians are important voices in tailoring World Bank Group programs to meet citizens’ needs. He also thanked lawmakers for their invaluable part in securing an historic $93 billion for the recent IDA20 replenishment to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future.
Honorable Ricardo Leite MD, MP, Portugal and Vice Chair of the Parliamentary Network encouraged attendees to join and participate in their many joint activities with the World Bank Group, such as the upcoming Global Parliamentary Forum and future field visits. The Parliamentary Network is an independent NGO that strives to increase transparency and accountability in the development cooperation process, pushing policy in the right direction, notably in relation to health during COVID-19.