World Bank and the private sector
Conference
·
· Am. Assoc. Pet. Geol., Bull.; (United States)
OSTI ID:7005305
The principal objective of the World Bank is to promote development of the less developed countries. It does this through extensive research, discussion, and advice, and also through financing projects in both the public and private sectors. The bank (together with IDA, its soft-loan affiliate) undertakes comprehensive analysis of government policy and potential projects through loans of US$12 to 15 billion/year. The World Bank group works extensively with the private sector both in the projects it supports and in raising funds to finance its operations. The private sector actively participates in bank-supported projects through project execution arrangements, in joint ventures, and in cofinancing. The IFC, the bank's private-sector affiliate, directly supports private investment in developing countries through loans and equity participation. In the energy sector, the bank has actively promoted policy overhaul and has supported numerous projects. During 1985, it visited 50 international energy companies as part of a program to encourage the private sector to invest more in developing countries. The bank is currently working to develop solutions to several problems identified during these meetings.
- Research Organization:
- World Bank, Washington, DC
- OSTI ID:
- 7005305
- Report Number(s):
- CONF-8608105-
- Conference Information:
- Journal Name: Am. Assoc. Pet. Geol., Bull.; (United States) Journal Volume: 70:7
- Country of Publication:
- United States
- Language:
- English
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