Last week, the World Bank’s Chief Financial Officer (CFO) Bertrand Badré was in the Netherlands for a roadshow covering banks and institutional investors. Accompanied by Frank Heemskerk, the Netherlands Executive Director, he visited potential creditors in the Netherlands. Part of the mission was to look for the financial firepower of Dutch pension funds that can possibly be leveraged by the World Bank Group.
‘We present to ABP and PGGM what we do’, Badré says. ‘Banking is not about making money, but about dealing with future risks. Infrastructure, for instance, is an investment category for institutional investors. We are well-placed to finance infrastructure in developing countries and can leverage investment from institutional investors. Banks are cautious. So we have to turn to pension funds, but also the BlackRocks and AXAs of this world. They don’t come to us, so we go to them.’
The Netherlands Minister for Development Aid and International Trade, Lilianne Ploumen, pledged an additional 16 million euros to fight the Ebola outbreak in West-Africa. This is in addition to the 18 million pledged earlier, and the use of the Dutch navy frigate Karel Doorman. Additionally, the customs regulations will be streamlined to ensure that aid deliveries will be efficient: “The quicker we can tackle the Ebola outbreak at the source, the better it is for the world. Each dollar we spend now, is a savings in the long run.”
Read the full article, in Dutch, here: http://www.volkskrant.nl/binnenland/nederland-maakt-zestien-miljoen-extra-vrij-tegen-ebola~a3765076/
When working with the World Bank you will come across a lot of jargon and abbreviations, and you will see lots of different types of documents. It may also be difficult to understand the relationship of the Dutch government with the World Bank – a relationship that may just give you an edge in a tender.
To help you in this, we have introduced the World Bank fact sheets. These one page documents will be a quick read and will give you a clear idea of how World Bank projects are organized.
We created three fact sheets:
- The “WB Factsheet” explains what we do, how much money is contributed to the World Bank per division and gives a quick insight into the project cycle.
- The fact sheet “Project Cycle” expands on and describes the different stages of the project. This document will give you an understanding of the different steps in the project process.
- The fact sheet “Project Documents” provides you with the full name of the many abbreviations that you will come across, as well as a description of the document and its importance.
If you need more information, contact us!
What is a better topic to address in our first post than the title of the blog: NL for the World Bank? To a large extent, the title is self-explanatory, but the meaning takes on multiple dimensions.
The most important to us is the work that Dutch organizations and individuals do for the World Bank, helping it achieve its twin goals of ending poverty and boosting shared prosperity. We strongly believe in the value and quality of these contributions by the Dutch. Therefore, we invite you to join us in emphasizing these contributions by highlighting these efforts on Twitter using #NL4WorldBank.
Another dimension is the financial contribution of the Dutch citizens, through their government, to the World Bank. This contribution enables the World Bank to provide the technical assistance, advice, loans, credits, and gifts to reach the twin goals.
One dimension that is not implied from the title, but will receive attention, is the inverse of the title: the World Bank for the Netherlands. The World Bank provides ample business opportunities for many organizations and individuals in the Netherlands. However, for many the World Bank remains an ill-understood organization that is large, bureaucratic, and at times a bit difficult to navigate. We will help you navigate this organization, provide you with the right information, and put you in touch with key figures in the World Bank.
Who we are? We are the World Bank team at the Dutch embassy in Washington, D.C.
Bouke Berns Vincent Kooijman