2013-2017_-_Private_Sector_Development_Strategy

... 6.3
Chief Economist’s Complex (ECON) will be responsible for:
• analytical, policy advisory and dissemination activities, including knowledge generation and dissemination on private sector development
and enabling environment, in collaboration with SDs and RDs;
• serving as the Bank’s key knowledge broker on PSD; and
• assessment of the expected impact and value added by the private sector development aspects of Bank Group operations, including
assessment through ex-ante additionality and development outcomes assessment (ADOA) of financing operations. The Complex will
play a leading role in generating differentiated knowledge products on PSD and a supportive role in conducting policy dialogue and in
the design and implementation of policy-based financing operations, including institutional support.
Financial Complex (FNVP) Departments will continue to lead in:
• the mobilization of financial resources for Bank operations and the management of liquidity through treasury operations;
• use of such operations to support the development of national/sub-regional capital markets;
• developing operational guidelines for the Bank’s financing products and instruments;
• exercising risk management and prudential oversight on Bank sovereign and non-sovereign financing operations; and
• providing fiduciary management of Bank financing operations.
Procurement and Fiduciary Management Department (ORPF) will continue to oversee:
• implementation of the rules and procedures on the procurement of goods and contracts for works financed by the Bank Group;
• the fulfillment of fiduciary safeguards by the beneficiaries of Bank’s financing. To increase the use of country systems, ORPF will
support capacity-building of RMCs and business sector clients with inadequate institutional competence for procurement and fiduciary
management; but the department will provide oversight until country systems are assessed to be sufficient. ORPF will advise on effective
application of the rules and procedures to increase local firms’ participation in the supply of goods, services and works procured from
Bank Group financing.
On a decentralized basis, and working with Regional Resource Centers (RRCs) and Field Office (FOs), the Partnerships and
Cooperation Unit (ORRU) will expand the Business Opportunity Seminars (BOS) program for African companies. The aim of these
seminars is to increase the participation of companies from RMCs in Bank-financed projects. Generic BOS will also continue to take place
at the Bank’s HQ twice a year.
The General Counsel and Legal Department (GECL) will continue to review legal issues affecting, or arising from, Bank Group
operations, including non-sovereign operations, and advise OPSM and other SDs.
Environment and Social Departments will provide guidance and oversight on the fulfillment of environment and social safeguards in
the preparation and implementation of sovereign and non-sovereign operations financed by the Bank Group, including policy-based
operations. The units will rely on countries’ and private clients’ environmental and social oversight institutions, where these have adequate
monitoring and evaluation capacities. The Bank’s Environment and Social units, therefore, will support capacity-building for RMCs, financial
intermediaries, and private business operators on environment and social impact assessment, mitigation planning and implementation,
and safeguards monitoring and evaluation.
Specialized Support Departments and Units: A number of organizational units provide back-office support to Bank Group sovereign
and non-sovereign operations.
Private Sector Development Strategy, 2013-2017
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