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The IMF aims to preserve economic stability and to tackle - or ideally prevent - financial crises. Over time, its focus has switched to the developing world. |
| alkalmazottak : |
10 000+ |
| alapítás éve : |
1944 |
vállalkozási forma : |
Manufacturer |
 Poland - Odra-Vistula Flood Management Project Poland - Odra-Vistula Flood Management Project
IBRD Loan: US $504.0 million equivalent
IBRD Loan: US $504.0 million equivalent
Terms: Maturity = 29.5 years, Grace = 10 years
Project ID: P147460
Project Description: The objectives of the project are to increase access to flood protection for people living in selected areas of the Odra River and the Upper Vistula River basins and to strengthen Poland’s institutional capacity to mitigate the impact of floods more effectively.
World Bank to Support Bulgarian Government with Energy Sector Assessment World Bank to Support Bulgarian Government with Energy Sector Assessment
The Bulgarian Government and the Bulgarian Energy Holding (BEH) have asked the World Bank to provide a sound analytical basis and options that the Ministry of Energy and BEH could consider in defining a strategy for financial recovery and the liberalization of the power market.
The Bulgarian Government and the Bulgarian Energy Holding (BEH) have asked the World Bank to provide a sound analytical basis and options that the Ministry of Energy and BEH could consider in defining a strategy for financial recovery and the liberalization of the power market.
The advisory support will be implemented in two phases. In the first phase, which starts now in collaboration with the Bulgarian Energy Holding, the Bank will undertake an objective assessment of the sector’s financial position to propose options for the implementation of the liberalization of the power market. The second phase of the project in collaboration with the Ministry of Energy is expected to be initiated shortly after and will focus on preparing a detailed roadmap for the liberalization of the market and exploring means to make power services more affordable to vulnerable population.
“It is an honor and responsibility for us helping the Government to carefully plan and strategically position Bulgaria’s economy back on the growth track. The financial sustainability of the energy sector and the liberalization of the market are key in pursuing a long term growth and shared prosperity for Bulgaria,” said World Bank Country Manager for Bulgaria Tony Thompson.
The IMF aims to preserve economic stability and to tackle - or ideally prevent - financial crises. Over time, its focus has switched to the developing world.
The World Bank's predecessor - the International Bank for Reconstruction and Development - was set up to drive post-war recovery. Now, it is the world's leading development organisation, working for growth and poverty reduction.
Owned by the governments of its 185 member states, the Bank channels loans and grants and advises low and middle-income countries.
The IMF is funded by a charge - known as a "quota" - paid by member nations. The quota is based on a country's wealth and it determines voting power within the organisation; those making higher contributions have greater voting rights.
The Fund acts as a lender of last resort, disbursing its foreign exchange reserves for short periods to any member in difficulties.
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