The timely receipt of business data is crucial when seeking success. Thanks to World Bank Monthly Operational Summaries, any organization can start to plan proposals or application submissions to ensure early engagement with the procurement process. For those who have already worked with the World Bank or are planning to, here are some insights from the bank’s latest Monthly Operational Summaries.
Forecasted project financing by region
With regard to the distribution of funding by region, Africa is at the top of the list with an average of 24 billion USD for an estimated 213 projects. Asia follows with a planned investment of 23.7 billion USD for the implementation of 188 projects. For the 60 projects planned in Latin America and the Caribbean, just over 5 billion USD has been set aside. Funding of almost 5 billion USD will also be directed to European countries for the implementation of 28 projects. The region receiving the least funding for projects is Oceania where almost 485 million USD is set aside for 18 projects.
Forecasted project financing by country
India
The World Bank Group’s present engagement with India is guided by its Country Partnership Framework for 2018-2022. Promoting resource-efficient growth and addressing disaster risk management and air pollution are the objectives that the bank is currently focusing on. It will also work on enhancing competitiveness and enabling job creation, as well as investing in human capital and boosting rural water supply and sanitation. To achieve these objectives, the bank is committing almost 4.7 billion USD, according to the bank’s latest Monthly Operational Summaries. The largest project in the pipeline for India is the National Ganga River Basin Project 2, worth 560 million USD.
Pakistan
In Pakistan, the World Bank Group interventions are aimed at supporting reforms in the power and energy sectors in order to expand low-cost generation supply, cut losses, improve governance and increase the overall performance of the two sectors. WBG investments, amounting to 3.7 billion USD are also being directed towards building resilience and adaptation to the impacts of climate change, supporting fragile provinces, regions and poorer districts, assisting women and youth and advancing social protection. The largest project in the pipeline in Pakistan is Enabling Social Sectors for Growth: Sindh Human Capital Project, worth 400 million USD.
Nigeria
The WBG’s support for Nigeria is structured around several priorities which include promoting diversified growth and job creation with a focus on youth, women and the poor in marginalized areas and improving the quality and efficiency of social service delivery at the state level to promote social inclusion. The bank also supports increased engagement within the climate-resilient agenda. According to the Monthly Operational Summaries, the World Bank is investing 2.5 billion USD to carry out its priorities in Nigeria. The largest projects in the pipeline is the Power Sector Recovery Performance Based Operation worth 1 billion USD and the Improved Child Survival Program for Human Capital Multi-Phased Approach (MPA), worth 650 million USD.
North Macedonia
The strategic objective of the new Country Partnership Framework for 2019–2023 is to support North Macedonia’s ability to achieve faster, inclusive, and sustainable growth. The CPF is based on three interconnected focus areas: improving connectivity and access to markets and strengthening local firms’ innovation, access to finance, and capacities; developing the human capital and skills to boost labor productivity and improving the quality and relevance of education, as well as the access to and quality of social services; and supporting efforts to mitigate fiscal and environmental vulnerabilities as well as enhancing sustainability by strengthening public financial management. The current commitment of the bank in North Macedonia amounts to 2.4 billion USD, while the largest project in the pipeline is the Simplification Test Project for Demo Lending, worth 2.15 billion USD.
Tanzania
In March 2018, the World Bank endorsed the new Tanzania Country Partnership Framework 2018-2022. The CPF has three focus areas: to enhance productivity and accelerate equitable and sustainable growth, to boost human capital and social inclusion, and to modernize and improve the efficiency of public institutions. Key sectors supported by the World Bank in Tanzania include transport, urban development, energy, water and education with an investment of 2.2 billion USD. The largest project in the pipeline is the Tanzania Development Corridors Transport Project worth 550 million USD. The project aims to improve transport connectivity in selected development corridors and institutional capacity for the enhanced management of efficient, resilient, and safe road and airport transport systems.
Background
The projects that appear in the World Bank Monthly Operational Summaries (MOS) remain in the identification stage until the loan or the credit agreement between the World Bank and the Executing Agency has been signed. Make sure to follow the status updates of the above-mentioned projects, as well as other World Bank projects in the Funding menu on www.developmentaid.org.
