The fiduciary policies of the World Bank Group, set forth in the Operational Manual, govern the use and flow of Bank funds, including financial management, procurement, and disbursement. The Operations Policy and Country Services Vice Presidency provides guidelines for the procurement of goods and services in Bank projects. The guidelines help ensure that funds are used for the intended purposes and with economy, efficiency and transparency. They also ensure competitive bidding and help protect Bank-funded projects from fraud and corruption.
Finance and Markets
(See also Global Practices; Products and Services.) One of the 14 new World Bank Group Global Practices, Finance and Markets helps to create opportunity for jobs, growth, and reducing poverty.
World Bank Group and Finance and Markets
Stable, efficient, and inclusive financial markets are essential to promoting economic growth and reducing poverty and increasing shared prosperity.
As an integrated World Bank Group practice, the value of Finance and Markets comes from delivering public and private sector tailored solutions to
The Deep Dive approach helps countries mobilize funds from diversified sources by building local-currency and private bond markets that can help finance long-term development needs. Colombia was selected for the Deep Dive Initiative because it has substantial financing needs for infrastructure and housing. © World Bank / Charlotte Kesl (photographer). Permission required for reuse.
development challenges by leveraging the whole range of the Bank Group's financial, knowledge, advisory, and convening services for clients. The practice implements comprehensive solutions that integrate World Bank services (loans, credits, guarantees, and risk management products) and IFC services (advisory services and investments in private sector firms). The Finance and Markets Global Practice is also an enabler of all the other Global Practices and Cross-Cutting Solution Areas, given the essential role that finance plays in delivering solutions and partnering with the broader World Bank Group finance team.