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ANNEX I: OVE RECOMMENDATIONS AND BANK RESPONSES OVE Recommendations for PSO

Bank Responses

Forge institution-wide shared vision, starting with a common diagnostic and effective division of work to seek out synergistic interventions and feedback on experiences (RE-303)

The PSDS is part of the Bank’s shared vision and diagnostic for achieving development through the private sector, with the Vice Presidency for Countries, the Vice Presidency for Sectors and the Vice Presidency for Private Sector and Non-Sovereign Guaranteed Operations all having synergistic divisions of work and expertise.

Promote partial credit guarantees (PCGs) and other local capital market interventions to develop capital markets; develop local currency vehicles; foster wholesale facilities1 (RE-303)

PCGs have been used to promote issuance of local bonds in Mexico, Peru and Chile and remain an important product for PSO, the utilization of which are expected to be encouraged in the future.

Achieve demonstration effects by replicating successful models; target a discrete set of subsectors to foster learning; and publicize successes and positive experiences (RE-303)

A key component of the OMJ model is to replicate the successful use of ―platforms‖ to serve low income markets in the region; the infrastructure division of SCF is targeting three key subsectors: transportation, energy and water & sanitation; the private sector windows are upgrading their websites to further publicize successes and best practices.

Shorten approval times and reduce Changes to the approval system for NSG projects transaction costs for clients (RE-303) have resulted in some process improvements, but not in reduced cycle times for infrastructure and corporate finance projects, primarily because of increased time for environmental reviews. Improve evaluability of projects, All NSG (as well as SG) projects will include particularly for development evaluability as part of their DEMs, starting in January effectiveness determinations (RE-303) 2011

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Wholesale facilities could include a guarantee facility to a bank that would allocate a portion of the IDB guarantee exposure to several underlying projects or a risk sharing arrangement with a bank for projects that meet pre-set criteria.

private sector development strategy: fostering development through the private sector  

this strategy document, which was expanded and edited based on comments received through the two periods of the public consultation process,...

private sector development strategy: fostering development through the private sector  

this strategy document, which was expanded and edited based on comments received through the two periods of the public consultation process,...

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