International Symposium on Leadership in Impact Assessment by Mark A. King
Explore the role of Development Finance Institutions in the world of international financing and impact assessment. Understand the drivers and players in the financial world, as well as the importance of comprehensive assessments. Delve into the various stakeholders involved and the accountability mechanisms in place.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
HomeButton.png International Symposium: Leadership in Impact Assessment The Role of Development Finance Institutions Mark A King January 2019
HomeButton.png The World of International Financing Multilateral Financial Institutions (policy and project loans, investments, guarantees, insurance, leasing, technical assistance) Regional (AsDB, AfDB, NIB, NEFCO, Inter-American DB, EBRD, BSTDB etc) Global (World Bank Group, EIB, Council of Europe DB, Andean DB, Caribbean DB, AIIB, NDB etc) UN Agencies (UNDP, UNOPs, IOM Bilateral Agencies (FMO, DEG, JBIC etc) Export Credit Agencies (Canadian EDC, UK CDC, Hermes etc)
HomeButton.png Drivers in the IF World Capital Resources Reviews Institutional/Country/Sector Strategies, Targets and Plans Market share and Competition: Glory; survival/extinction: remaining relevant Ambition, Greed, Fear, Survival (Individuals)
HomeButton.png Impact Assessment in the Financial World A cog in a big corporate ecosystem One tool amongst many (audit, SEA, CIA, HR IA) Needs to be comprehensive (IFI requirements, SDGs etc) to be relevant and central (cf EU EIA Directive) Over-riding political/strategic objectives, false timelines can limit potency and undermine credibility of the tool and process
HomeButton.png Players and Stakeholders (i) Shareholders (individuals and groups) but consistency varies across institutions Shareholder Government Agencies, Parliaments etc Individual Directors Senior Management and Staff Borrower Countries Other Agencies (WHO, UNDP etc)
HomeButton.png Players and Stakeholder (2) Ratings Agencies Syndication/Co-financing Partners NGOs/CSOs (thematic such as HRs, disability, LGBTI, targeted such as Bank Watch) UN Agencies (eg OHCHR) Accountability Mechanisms (Inspection Panels, Govt Audit Committees, Human Rights Courts, Convention Bodies) Trade bodies, unions, professional bodies, industry associations
HomeButton.png Do Financial Institutions lead or follow? Strong leadership role of WB historically and potent long term leadership role of the IFC since safeguards divorce from WB IFIs leap frog each other in upward spiral/domino effect. Biggest leadership impact when they align Some good intentions were a step too far in the real world (BBOP, Rio Tinto smells the coffee over biodiversity offsets, inclusion and consultation?) WB ESF attempts to row back a little (staff and G11 concerns) Outside the ivory towers , relevance, implementability (cost, technical capabilities), appropriateness questionable? Role of strong individuals (Pelosi, JYK, Chad Dobson, Dmitri Lysitsyn) and countries can be hugely significant
