Assistance given by the World Bank to debtor nations facilitating the transaction from dependence on debt relief to sustainable economic growth. It is administered by the Bank's Post-Conflict Unit.
Background
Background
Multilateral Aid
Aid channelled through multilateral institutions for use in or on behalf of aid recipient countries.
Background
International Finance Corporation
Assists with private sector investments, primarily through mobilizing capital on international financial markets, and by providing technical assistance and advice to governments and businesses in developing countries. IFC has 174 members investing in 78 countries, with 40 percent of its investments in the financial sector.
Background
G-7
Group of seven leading industrialized countries - USA, Britain, France, Italy, Japan, Germany and Canada.
Background
Dollarisation
Effectively, the replacement of domestic currency by the United States dollar. In doing so, the country gives up its control of monetary policy. This is generally a response to a total lack of confidence in the domestic currency, often associated with high and prolonged inflation.
Background
Comprehensive Development Framework
Framework developed by the World Bank to coordinate all actors in the development process towards implementing a coherent framework of macroeconomic, structural and social reforms for poverty reduction.
Background
Structural Adjustment Participatory Review Initiative
Joint World Bank, government and civil society initiative to review the impact of adjustment lending in seven borrowing countries.
Background
Quality Assurance Group
World Bank department which ensures greater discipline in project preparation and supervision.
Background
Policy Development and Research Department
IMF department concerned with policy development and research. It ensures IMF policy is applied consistently through the country departments.
Background
Multilateral Institution
International institution with governmental membership, spanning several regions, including financial institutions such as the World Bank and IMF, UN agencies and regional groupings.
Background
International Development Targets
A series of poverty reduction targets formulated at UN conferences which set goals for reducing absolute poverty levels, increasing primary school enrollment rates, reducing environmental degradation, etc by 2015.
Background
G-24
Group of 24 countries formed at Lima in 1972 to represent the interests of the developing countries in negotiations on international monetary matters.
