The representative office of the World Bank in new york focuses on three aspects: intergovernmental: communication with diplomatic missions in new york and institutions that manage the United Nations General Assembly, the Economic and Social Council (ECOSOC) and the Security Council. Inter-agency: under the leadership of the Secretary-General of the United Nations and the United Nations Development Group (UNDG) (with the World Bank as an observer), interact with CEB)(En). Institutional level: Interact with the Secretary-General of the United Nations, the United Nations Secretariat, the United Nations Development Programme (UNDP), the United Nations Population Fund (UNFPA), the United Nations Children's Fund (UNICEF) and other agencies and foundations. This substantive diplomatic dialogue has ensured and promoted enhanced cooperation on development issues of concern, including cooperation in key thematic areas such as fragile States, climate change and human development.
The new york Representative Office also represents the management of the World Bank to attend important United Nations meetings and establish strategic alliances. At the same time, it provides information to the employees of the bank, assists the communication between the senior management of the bank and senior officials of the United Nations, and facilitates the bank's participation in United Nations activities, conferences, round tables and summits.
The job of the World Bank is to ensure that it maintains its position as a major development advocate in the United Nations system, that its opinions are accurately included in the agenda of the United Nations, that it correctly understands the policies and actions of the United Nations, and that it will be incorporated into the development work of the World Bank in due course. Members of the World Bank must be members of the International Monetary Fund, but not all members of the International Monetary Fund can join the World Bank. The World Bank and the International Monetary Fund play complementary roles. The International Monetary Fund is mainly responsible for international monetary affairs, and its main task is to provide short-term foreign exchange funds to member countries to solve the temporary imbalance of international payments, thereby canceling foreign exchange controls and promoting exchange rate stability and international trade expansion. The World Bank is mainly responsible for economic revival and development, and provides medium and long-term loans to member countries for economic development.
In order to apply the principles of the Comprehensive Development Framework, the World Bank and the International Monetary Fund jointly launched the Poverty Reduction Strategy Paper (PRSP), which was formulated by various countries and became the basis for debt reduction and preferential loans. The purpose of formulating poverty reduction strategy papers is to expand the representation of civil society, especially the poor themselves, in designing poverty reduction strategies, strengthen coordination among development partners, and pool the analysis, research, policy consultation and financial resources of the international community to achieve the effectiveness of poverty reduction. Communication with the World Bank
China is one of the founding countries of the World Bank. After the founding of New China, China's seat in the World Bank was occupied by the authorities of Taiwan Province Province for a long time. 1980 On May 15, China's legal seat in the World Bank and its affiliated International Development Association and International Finance Corporation was restored. 1980 On September 3rd, the board of directors of this bank voted to increase China's shares in this bank from the original 7,500 shares to12,000 shares. China has the right to vote in the World Bank. On the executive board of the World Bank, China has a separate director. China began to lend to this bank from 198 1. Since then, the cooperation between China and the World Bank has gradually expanded. By providing long-term project loans, the World Bank has promoted the national key construction of China, such as transportation, industrial transformation, energy and agriculture, as well as the development of finance, culture, health and environmental protection. At the same time, through its own training institutions, it has trained a large number of management talents who are familiar with the Bank's business and professional knowledge for China.
In May 2004, the Shanghai Global Poverty Alleviation Conference hosted by the World Bank and co-organized by China was a model of international development cooperation between the two sides. The congress has promoted the international community's re-understanding of the concept and practice of global poverty reduction and improved the international community's understanding of poverty reduction actions.
From June 5438 to February 2007, China announced for the first time that it would donate US$ 30 million to the International Development Association, which was well received by the international community, marking a new milestone in the cooperation between the two sides.
In 2008 and 2009, China and the World Bank successfully held two sessions of "China-Africa High-level Seminar on Sharing Development Experiences". The seminar explained the challenges, measures and achievements China faced in the process of reform and development, compared the different economic, historical and cultural backgrounds of African countries, and promoted the mutual reference of development experiences and models. It was not only highly praised by the representatives of African countries attending the meeting, but also regarded as a successful example of South-South cooperation by the World Bank.
From 5 June to 10, 2008, the government of China, as a founding donor, donated US$ 300,000 to the South-South Knowledge Cooperation Fund of the World Bank, once again demonstrating to the international community China's attitude of actively promoting South-South cooperation.
In May 2008, Lin Yifu was officially appointed as the chief economist of the World Bank. This is the first time that the World Bank has appointed a person from a developing country as the chief economist since the establishment of 1945. It also fully reflects the World Bank's recognition of China's development achievements and experience.
Relations with the International Bank for Reconstruction and Development
As one of the founding countries, China resumed its legal seat in the World Bank Group on 1980. From 20 10, China's voting rights in IBRD accounted for 4.42% of the total voting rights, ranking third. By the end of fiscal year 20 1 1, the total amount of committed loans of IBRD to China is about 39.2 billion US dollars.
Relations with the International Development Association
From 65438 to 0980, China resumed its legal seat in the World Bank Group and became a member of the International Development Association. China's voting rights in IDA are 465,438+065,438+0 and 5465,438+0 respectively, accounting for 2.04% of the total voting rights. As of July 1999, the association * * * provided China with soft loans of about 102 billion US dollars. From July 1999, the International Development Association stopped providing loans to China. From June 5 to February 2007, China donated $30 million to the International Development Association. 20 10, 16 In February, China promised to increase its capital and donate 50 million US dollars to the International Development Association 16, and double the IDA loan according to the laws of the World Bank, and voluntarily repay the extra one-time loan 10 billion US dollars in advance on this basis. For the 1 billion dollars I paid in advance voluntarily, the World Bank converted it into about 65438+ 1 billion dollars, which was included in my direct donation to IDA 16.
Contact with international finance companies
From 65438 to 0980, China resumed its legal seat in the World Bank Group and became a member of the International Finance Corporation. China subscribed for 24,500 shares of IFC, equivalent to $24.5 million, accounting for 1.03% of the total authorized share capital of IFC. China has 24,750 voting rights in international finance companies, accounting for 1.02% of the total voting rights. From the first project approved by IFC in China in 1985 to the end of fiscal year 20 1 1, IFC invested 2 18 projects in China, and provided 5.43 billion dollars for these projects, of which 41500 million dollars was its own funds, and 6/0.
China strategy
According to the World Bank's national partnership strategy with China, the World Bank mainly provides the following assistance to China:
1. Promote the integration of China's economy with the world economy: deepen China's participation in multilateral economic institutions, reduce trade and investment barriers at home and abroad, and help China's overseas development assistance;
2. Reduce poverty, inequality and social exclusion: promote the balanced development of urbanization, ensure rural life, and expand basic social services and infrastructure services, especially in rural areas;
3. Dealing with resource shortage and environmental challenges: reducing air pollution, saving water resources, optimizing energy utilization (partly through price reform), improving land management and fulfilling international environmental conventions;
4. Deepening the role of financial intermediaries: expanding financial services (especially small and medium-sized enterprises), developing capital markets, coping with systemic risks and maintaining financial stability;
5. Strengthen the public sector and market system: improve the competitiveness of enterprises, reform the public sector, and straighten out the financial relations between governments.
According to these goals, the World Bank mainly implements the aid plan in three ways: investment loans, technical assistance loans and grants (grants are often provided by multilateral cooperation agencies and managed by the World Bank), and non-financial services such as analysis reports, policy suggestions, seminars and training, which are combined in one or more ways to achieve specific goals as needed.