UNITED NATION SYSTEM

The United Nations is part of the UN system, which, in addition to the UN itself, comprises many
funds, programmes and specialized agencies, each of which have their own area of work, leadership and
budget.

o The programmes and funds are financed through voluntary rather than assessed contributions.

o The Specialized Agencies are independent international organizations funded by both voluntary
and assessed contributions.

o The UN coordinates its work with these separate UN system entities, which cooperate with the
Organization to help it achieve its goals.

Verbal:

- World Bank is one of the largest source of funding for developing counties. It has 12 Billion US
Dollars to help low- and middle- income countries to purchase and distribute COVID-19 vaccines, tests
and treatments and strengthen vaccination system. On April 9, 2020, the World Bank’s Board of
Executive Directors approved US$500 million in financing to help strengthen the Philippine
government’s capacity to address disaster risks, respond to and recover from natural disasters as well as
address urgent needs created by the COVID-19 crisis.. During this times, napakahalaga po ng gampanin
ng World Bank sa mga developing countries like Philippines, nagloan po ang Pilipinas ng pondo noong
2020 para nga po matugunan ng gobyerno natin ang mga pangunahing pangangailangan ng ating bansa,
at inaprubahan naman poi to ng Executive Directors ng World Bank. Ayon pos a aking nabasa, babayaran
po ang hiniram na pondo na ito ng pilipinas sa loob ng 10 taon.

- In addition, World Bank said that besides of purchasing vaccine, they will provide additional
financing that would also support public health measures such as the use of web platform to gather
citizen feedback on the vaccination program, as well as feedback surveys to boost citizen engagement
• International Bank for Reconstruction and Development (IBRD)

The IBRD provides loans at market rates of interest to middle-income developing countries and
creditworthy lower-income countries.

• International Centre for Settlement of Investment Disputes (ICSID)*

• is responsible for the settlement by conciliation or arbitration of investment disputes between

foreign investors and their host developing countries.

• International Development Association (IDA)

The IDA, founded in 1960, provides interest-free long-term loans, technical assistance, and policy advice
to low-income developing countries in areas such as health, education, and rural development.

Whereas the IBRD raises most of its funds on the world’s capital markets, the IDA’s lending operations
are financed through contributions from developed countries.

• International Finance Corporation (IFC)

The IFC, operating in partnership with private investors, provides loans and loan guarantees and equity
financing to business undertakings in developing countries.

• Multilateral Investment Guarantee Agency (MIGA)*

Loan guarantees and insurance to foreign investors against loss caused by non-commercial risks in
developing countries are provided by the MIGA.