The World Bank Group is one of the world`s leading sources of financing and knowledge for developing countries. It consists of five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays its part in the mission of combating poverty and improving the standard of living of the people of developing countries. As an executing agency/implementing partner, UNDP has overall responsibility and responsibility for project implementation, while as a funding agency, it is accountable to the UNDP Executive Board for all aspects of its activities. UNDP must follow UNDP programme and operational policies and procedures (POPP). The first transaction under the framework agreement is a planned investment by the Global Fund and the World Bank in Laos to implement general health care, with payments to the country linked to certain outcomes. The framework is based on key principles, including country-specific guidance and governance, gender and human rights, respect for the mandate of the other, based on evidence, guidance and recognition of the wider health ecosystem, funding, transparency and accountability. It lays the groundwork for other agreements and work plans between the Global Fund and WHO regional offices and identifies specific areas where the two organizations can cooperate more closely. In recent years, the Global Fund and the World Bank have signed several innovative financing agreements, such as.B. a credit buyback for a tb program in India, a defined benefit financing project in the Democratic Republic of Congo, and a multi-donor trust fund for Indonesia and Sri Lanka.
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