World Bank Group Executive Directors Highlight Albanias Future in Regional Power Exchange
TIRANA, March 31, 2017 - A group of eight Executive Directors[i] –
members of the Board of the World Bank Group, visited Albania during
March 29 – 30 as part of a broader tour of the Western Balkans. The
main purpose of this visit was to assess the Bank Group's engagement
in the energy sector and efforts to support regional connectivity.
Increasing regional cooperation and plans to improve connectivity
within Western Balkans started in 2014 with support from the World
Bank Group and the European Union.
The Executive Directors met with Prime Minister Rama, as well as with
the Ministers of Finance and Energy. They discussed Albania's progress
and challenges in the energy sector and its regional connectivity
agenda. They shared views on facilitating energy exchange through the
establishment of organized electricity markets and the prospects for
expanding regional integration. They also discussed the impact of
World Bank Group financed operations, like the Power Sector Recovery
Program, on energy sector reforms within the Government's broader
structural reform agenda. During their meeting with representatives of
the private sector, the Executive Directors discussed challenges to a
competitive and efficient energy sector and how the World Bank can
assist in addressing these constraints.
The Executive Directors visited Fierza hydropower station, one of the
most important investments in the Drini River cascade, where they saw
progress in implementing the Dam Safety Project, financed by the World
Bank, as well as other development partners (Swiss Development Agency,
EBRD, USAID, and KfW) to improve dam safety and enhance efficiency of
hydropower generation.
"We welcome the role of the Bank in improving dam safety and the
efficiency of energy generation in the Drini River cascade, " noted
Ms. Karen Mathiasen, who represents the United States on the Bank's
Board. "Efficient development of Albania's hydropower potential is
critical to the success of Albania's growth and anti-poverty agenda "
.
The World Bank Group has a large lending and guarantee portfolio in
Albania, including International Bank for Reconstruction and
Development (IBRD) financing of US$615 million, an International
Finance Corporation Portfolio of US$187 million, including funds
mobilized from its partners, and a Multilateral Investment Guarantee
Agency portfolio of US$214 million.
World Bank Group Board of Directors : The World Bank Group Board
members are collectively called the Executive Directors. The Board of
Directors include the President of the World Bank Group and 25
Executive Directors. Member countries of the World Bank Group appoint
or elect Executive Directors to the Boards of the International Bank
for Reconstruction and Development (IBRD), International Development
Association (IDA), International Financial Corporation (IFC) and the
Multilateral Investment Guarantee Agency (MIGA). While there are four
Boards, Executive Directors serving on these Boards are usually the
same.
members of the Board of the World Bank Group, visited Albania during
March 29 – 30 as part of a broader tour of the Western Balkans. The
main purpose of this visit was to assess the Bank Group's engagement
in the energy sector and efforts to support regional connectivity.
Increasing regional cooperation and plans to improve connectivity
within Western Balkans started in 2014 with support from the World
Bank Group and the European Union.
The Executive Directors met with Prime Minister Rama, as well as with
the Ministers of Finance and Energy. They discussed Albania's progress
and challenges in the energy sector and its regional connectivity
agenda. They shared views on facilitating energy exchange through the
establishment of organized electricity markets and the prospects for
expanding regional integration. They also discussed the impact of
World Bank Group financed operations, like the Power Sector Recovery
Program, on energy sector reforms within the Government's broader
structural reform agenda. During their meeting with representatives of
the private sector, the Executive Directors discussed challenges to a
competitive and efficient energy sector and how the World Bank can
assist in addressing these constraints.
The Executive Directors visited Fierza hydropower station, one of the
most important investments in the Drini River cascade, where they saw
progress in implementing the Dam Safety Project, financed by the World
Bank, as well as other development partners (Swiss Development Agency,
EBRD, USAID, and KfW) to improve dam safety and enhance efficiency of
hydropower generation.
"We welcome the role of the Bank in improving dam safety and the
efficiency of energy generation in the Drini River cascade, " noted
Ms. Karen Mathiasen, who represents the United States on the Bank's
Board. "Efficient development of Albania's hydropower potential is
critical to the success of Albania's growth and anti-poverty agenda "
.
The World Bank Group has a large lending and guarantee portfolio in
Albania, including International Bank for Reconstruction and
Development (IBRD) financing of US$615 million, an International
Finance Corporation Portfolio of US$187 million, including funds
mobilized from its partners, and a Multilateral Investment Guarantee
Agency portfolio of US$214 million.
World Bank Group Board of Directors : The World Bank Group Board
members are collectively called the Executive Directors. The Board of
Directors include the President of the World Bank Group and 25
Executive Directors. Member countries of the World Bank Group appoint
or elect Executive Directors to the Boards of the International Bank
for Reconstruction and Development (IBRD), International Development
Association (IDA), International Financial Corporation (IFC) and the
Multilateral Investment Guarantee Agency (MIGA). While there are four
Boards, Executive Directors serving on these Boards are usually the
same.
Comentários
Postar um comentário