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Development CooperationSince 2000 the Directorate General of Development Cooperation of the Federal Public Service (Ministry) of Foreign Affairs, Foreign Trade and Development Cooperation has posted two Attachés Development Cooperation in Washington, DC. The Embassy of Belgium in Washington DC follows up matters of Development Cooperation with the International Financial Institutions (IFI) based in Washington DC (the World Bank Group, the International Monetary Fund –IMF- and the Inter-American Development Bank –IADB -). A particular interest is given to the activities of the IFI in Belgium’s eighteen partner countries. Funding for the IFI is provided by the Directorate General of Development Cooperation (www.dgdc.be) of the Ministry of Foreign Affairs, Foreign Trade and Development Cooperation. An overview of the contributions of DGDC to the IFI can be obtained at the yellow paper 2001-2006. 1. DGDC works mainly with two institution of the World Bank Group: the International Development Association (IDA) and to a lesser extend the International Bank for Reconstruction and Development (IBRD). Beside providing a core contribution to IDA, also additional contributions are allocated to the IFI on a voluntary basis by DGDC. On March 4-5, 2008, DGDC held its annual consultation with the World Bank and the IMF and approved the ‘Belgium - Bretton Woods Institutions Strategic Framework 2008-2011’ in order to come up with a strategic approach on Development Cooperation with these Institutions and to provide orientations to guide allocations to individual programs. You can download a report of the Consultations here. With the World Bank, the main programs are: -‘Belgian Poverty Reduction Partnership III- 2008-2011’ (for more information click here) -World Bank Institute – Belgian Governance and Anti-Corruption Program – 2008 – 2011. You can download the concept note here. -Education for All/Fast Track Initiative (www.education-fast-track.org) -‘Debt Management Facility for Low Income Countries for the period 2008-2011. (under preparation) 2. With the International Monetary Fund (IMF) , a ‘Belgian SubAccount’ has been set up with three year funding for 2007-2009 working mainly with two departments of the IMF, guided by a concept note for each department: Monetary and Fiscal Department and IMF-Institute. 3. Finally, the Embassy also follows up all matters related to the Foreign Assistance of the USA for the developing world, and reports regularly on the lively and interesting debates on Development Cooperation existing with the various Think Thanks based in Washington DC. |
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