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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