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Published by: api-3727090 on Oct 15, 2008
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03/18/2014

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Policies & Procedures
Policies & Procedures
\u2022Safeguard policies

Include Environmental Assessments and
policies designed to prevent unintended adverse
effects on third parties and the environment

\u2022Fiduciary policies
Include rules governing financial management,
procurement, and disbursement
\u2022Management policies
covering such areas as project Monitoring and
evaluation
The World Bank and financial sector reform
The World Bank and financial sector reform:-
:-
\u2022Financial sector reform constitutes a major area

of work for the World Bank. The financial and
private sector development vice presidency -
which is jointly run by the International Finance
Corporation (IFC), the private-sector funding arm
of the Bank, and the main part of the Bank -
undertakes reform work in the sector through its
financial sector operations and policy
department. Additional private sector work is
undertaken separately within the IFC by the
global financial markets department within the
industries vice presidency.

\u2022Banking markets as focus of reform:-
World Bank's work in financial sector reform covers
many areas i.e. credit markets, payments systems,

insurance regulation - the banking sector has been the
dominant area of work. The Independent Evaluation
Group analysis of financial sector reform at the Bank
found three main pillars for the Bank's work:
privatization of state-owned banks, improvement of
regulatory frameworks and strengthened supervision

of banks.

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