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Document Date: 2010/06/17
Document Type: Project Information Document;
Report Number: AB5778
Volume No 1
Total Volume(s) 1
Country: Eastern Africa;
Region: Africa;
Disclosure Date: 2010/07/01
Disclosure Status: Disclosed
Doc Name: Africa - First East African Community Financial Sector Regionalization Project (FSRP I)
Keywords: Financial Sector;financial service;single market;legal and regulatory framework;mutual recognition;safeguard policy;market participant;Safeguard Policies;financial market... See More +
Language: English
Major Sector: Financial Sector;
Rel. Proj ID: 3A-Financial Sector Development & Regionalization Project I (Fsdrp -- P121611;
Sector: General finance sector;
Topics: Private Sector Development; Securities Markets; Access to Finance; Financial Sector Development; Regional Integration;
Historic Topics: Private Sector Development; Macroeconomics and Economic Growth; Finance and Financial Sector Development; Communities and Human Settlements;
Historic SubTopics: Private Sector Economics; Urban Solid Waste Management; Capital Markets and Capital Flows; Securities Markets Policy & Regulation; Capital Flows; Private Sector Development Law; Marketing; Financial Sector Policy; Access to Finance;
Unit Owning: AFT:Fin&PrivSecDev East&Southern (AFTFE)
Version Type: Initial concept
Lending Instrument: Adaptable Program Loan
Product Line: IBRD/IDA

The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.
Focuses on strengthening institutional capacity, improving performance, and supporting organizational change and sustainability.