The World Bank

The World Bank

The World Bank and EFSD started their cooperation in September 2009 by signing a Memorandum of Understanding. Since then, understanding has been reached on a number of collaboration mechanisms, e.g. cofinancing of projects in EFSD and World Bank member states, joint analytical work on sustainable economic development of these states, and the transfer to the ACF Resources Manager of World Bank’s accumulated experience in such corporate governance areas as procurement and financial management policies, environmental and social safeguards, risk management etc. 

Access to - Europe and Central Asia Capacity Development (ECAPDEV) resources contributes to the improvement of the quality of preparation of investment projects. 

EFSD also coordinates with the World Bank in the framework of donor clubs for Armenia, Kyrgyz Republic and Tajikistan.

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