Sweden relationship with world bank

Sweden country profile - BBC News

sweden relationship with world bank

Sweden's position as one of the world's most highly developed served in the diplomatic corps, and worked in banking and commerce. Organisation Strategy for Sweden's Cooperation with the World Bank Group. – .. deciding on larger financial contributions in relation to Sweden's core. Sweden supports international efforts to promote human and economic development, reduce poverty, and boost shared prosperity around the world. Today, Sweden is a member of the five institutions that form the World Bank Group. Sweden and the World Bank work with other member.

World Bank Group

The government, with the support of the Center Partydecided in spring to remain outside of the EMU, at least until A referendum was held on September 14, The results were Nordic Council[ edit ] Swedish foreign policy has been the result of a wide consensus. Sweden cooperates closely with its Nordic neighbors, formally in economic and social matters through the Nordic Council of Ministers and informally in political matters through direct consultation. Swedish governments have not defined nonalignment as precluding outspoken positions in international affairs.

Government leaders have favored national liberation movements that enjoy broad support among developing world countries, with notable attention to Africa.

sweden relationship with world bank

During the Cold WarSweden was suspicious of the superpowers, which it saw as making decisions affecting small countries without always consulting those countries. With the end of the Cold War, that suspicion has lessened somewhat, although Sweden still chooses to remain nonaligned.

Sweden has devoted particular attention to issues of disarmament, arms control, and nuclear nonproliferation and has contributed importantly to UN and other international peacekeeping efforts, including the NATO-led peacekeeping forces in the Balkans. On several occasions when the United Kingdom broke off relations with Iran including the Iranian Revolutionthe Salman Rushdie affairand the storming of the British embassy in TehranSweden served as the protecting power for the UK.

Member Countries

The Group's headquarters are in Washington, D. It is an international organization owned by member governments; although it makes profits, these profits are used to support continued efforts in poverty reduction. Membership gives certain voting rights that are the same for all countries but there are also additional votes which depend on financial contributions to the organization.

sweden relationship with world bank

The IBRD has member governments, and the other institutions have between and members. On a daily basis the World Bank Group is run by a Board of 25 Executive Directors to whom the governors have delegated certain powers. Each Director represents either one country for the largest countriesor a group of countries.

Executive Directors are appointed by their respective governments or the constituencies. Presidency[ edit ] Traditionally, the Bank President has always been a U. The nominee is subject to confirmation by the Board of Governors, to serve for a five-year, renewable term.

sweden relationship with world bank

Kim assumed office on 1 July The present MD Shaolin Yang assumed the office after Sri Mulyani resigned from the post to take the charge as finance minister of Indonesia [16] [17]. Caroline Heider is the Director-General, Evaluation, whose evaluations provide an objective basis for assessing the results of the Bank's work, and ensuring accountability of World Bank management to the member countries through the World Bank Board in the achievement of its objectives.

Extractive Industries Review[ edit ] After longstanding criticisms from civil society of the Bank's involvement in the oil, gas, and mining sectors, the World Bank in July launched an independent review called the Extractive Industries Review EIR — not to be confused with Environmental Impact Report.

The review was headed by an "Eminent Person", Dr. Emil Salim former Environment Minister of Indonesia. Salim held consultations with a wide range of stakeholders in and However, the EIR served to alter the World Bank's policies on oil, gas and mining in important ways, as has been documented by the World Bank in a recent follow-up report.

Critics point out that the Management Response weakened a key recommendation that indigenous peoples and affected communities should have to provide 'consent' for projects to proceed — instead, there would be 'consultation'.

sweden relationship with world bank

An impact evaluation assesses the changes in the well-being of individuals that can be attributed to a particular project, program or policy. Impact evaluations demand a substantial amount of information, time and resources.

Sweden country profile

Therefore, it is important to select carefully the public actions that will be evaluated. One of the important considerations that could govern the selection of interventions whether they be projects, programs or policies for impact evaluation is the potential of evaluation results for learning.

In general, it is best to evaluate interventions that maximize the possibility of learning from current poverty reduction efforts and provide insights for midcourse correction, as necessary.

  • Foreign relations of Sweden