it is only world bank contribution for chile it is only for the one country and giving to the loans for the world banks and some of the institutions thank you for seeing this presentation

1. WORLD BANK
CONTRIBUTION TO
CHILE
BY
OMKHESH REDDY .G

4. Population 17.95 million 2015
GDP $240.2 billion 2015
GDP growth 2.1% 2015
Inflation 4.3% 2015

5. ABOUT CHILE
 Chile has been one of Latin America’s fastest-
growing economies over the past decade.
However, following the 2010-2012 economic
expansion, GDP growth fell to 1.9% in 2014 and
2.1% in 2015, as a result of the slowdown in the
mining sector due to the end of the investment
cycle, and the decline in copper prices and
private consumption. The unemployment rate
also rose slightly, from 5.7 percent in July 2013
to 5.8 percent in January 2016.

6.  The fiscal deficit increased following the economic
slowdown, the decrease in copper prices and the
implementation of expansionist policies. The
central government’s fiscal balance shifted from a
surplus of 0.5 percent of GDP in 2013 to a deficit of
2.1 percent in 2015 due to reduced tax revenue
resulting from weaker domestic demand and lower
copper prices, despite the 2015 tax reform.
 Growth is expected to recover gradually as private-
sector prospects improve. The pace of growth is
expected to slow in 2016, to an estimated 1.9
percent in light of low copper prices and the lack of
recovery of domestic demand. Growth is expected
to recover slowly in 2017-2018 thanks to
increasing copper prices and levels of private
investment. A growth rate of 2.1 percent is forecast
for 2017.

7.  The percentage of the population considered poor (those who live
on US$ 2.5 per day) declined from 7.7 percent in 2003 to 2.0
percent in 2014, and moderate poverty (US4 per day) fell from 20.6
percent to 6.8 percent during the same period. Moreover, between
2003 and 2014, the average income of the poorest 40 percent of
the population increased by 4.9 percent, a figure considerably
above the average income growth of the population as a whole (3.3
percent).
 The country still faces important challenges, however.
Macroeconomic management must be fiscally responsible in
order to provide a solid foundation for maintaining and
increasing the country’s medium- and long-term growth and
for achieving more inclusive growth. Despite strong growth
over the past 20 years, Chile’s per capita income still falls
short of that of higher-income countries (in 2014, the per
capita income of US$ 21,980 was still far below the average
of US$ 41,035 for OECD countries).

8. STRATEGY
 The Country Partnership Strategy (CPS) for 2011-2016 builds on
the successful experience of the prior World Bank Group
strategy in Chile. The strong institutional framework, stable
economy and relatively advanced development level facilitate an
engagement in which the Bank’s added value lies mainly in the
knowledge agenda.
 In a context of low financing needs and abundant access to
capital markets at low spreads, Chile’s demand for Bank
services concentrates on the provision of technical assistance
and other knowledge products in areas in which the Bank has a
comparative advantage and can support the country’s efforts to
achieve its development goals. This is an important two-way
investment for the Bank given that Chile’s development
experiences of the past decades are highly valued among other
clients and continued engagement should allow for important
spillovers into the Bank’s work in other countries, as well as
stronger south-south cooperation.

9.  The CPS aims to support the Government of Chile's vision of eradicating
extreme poverty and becoming a developed country by the end of the
decade. This support will be carried out through focused interventions in
specific themes in three areas that broadly coincide with the government's
development agenda:
 Public sector modernization;
 Job creation and equity improvement; and
 Promotion of sustainable investments.
 The strategy includes a flexible program implemented mainly through
studies requested by the Government of Chile and a portfolio of small
loans and grants.
 The six-year Country Partnership Strategy focuses mainly on knowledge
products, which are delivered through studies structured around a Joint
Studies Program funded by the World Bank (US$400,000 annually) and
the Government of Chile. The government has also requested the
possibility of additional timely assistance through fee-for-service to
analyze budget allocation and specific public policies. The World Bank will
continue to mobilize technical and financial resources for projects in areas
where its support adds value.
 The main objective of support from the International Finance Corporation
(IFC) is to foster entrepreneurship in advanced fields and to develop
innovative business models in a narrow range of sectors. Investments
target tertiary education, vocational training, infrastructure, energy and
financial services.

10. RESULT
 The World Bank’s current program in Chile includes a
portfolio of two operations totaling US$140 million: a higher
education project and a social inclusion and education
project and a water resource project. The first project seeks
to improve the quality and relevance of higher education for
students by strengthening the link between the financing of
institutions of higher learning and performance-based
accountability. The second project provides assistance for
development policies to promote equity and social inclusion
through actions that contribute to increased access to
quality education, improved poverty measurements and
increased targeting of social programs.
 Since 2010, the World Bank has prepared 31 studies for the
higher education reform process, the national water sector
reform, the concession strategy for infrastructure works and
the efficient management of the public sector.

11.  International Finance Corporation (IFC)
interventions in the country focus on
activities with a strong potential for
development results, mainly in
infrastructure, energy, the financial
sector, education and agribusiness,
with small and medium enterprises
(SMEs) being a crosscutting theme.
Since July 2015, the IFC in Chile had a
portfolio totaling US$1.028 billion,
which consisted of approximately
US$694 million for the IFC on its own,
and about US$334 million with other
financial sources, including commercial
banks and other foreign direct
investments to support projects.

13. The development objective of Technical Assistance for Sustainable
Geothermal Development Project for Chile is to assist the Government of
Chile (GoC) in resolving specific barriers to improve the geothermal energy
market conditions. By addressing key legal, social and market barriers, this
technical assistance will contribute to the development of commercializable
geothermal resources. This project has two components. 1) The first
component, Improve policy framework and strengthen management
capabilities to help mobilize
Project ID P152820
Country Chile
Region Latin America and Caribbean
Status Active
Approval Date (as of board presentation) October 12, 2016
Closing Date N/A
Total Project Cost** US$ 3.50 million
Commitment Amount US$ 0.00 million
Team Leader Migara Jayawardena, Mariano Gonzalez Serrano
•PROJECT AT-A-GLANCE

14. Project ID P130378
Country Chile
Region Latin America and Caribbean
Status Active
Approval Date (as of board presentation)
August 27, 2014
Closing Date September 4, 2017
Total Project Cost** US$ 3.00 million
Commitment Amount US$ 0.00 million
Team Leader
Janina Andrea Franco Salazar, Patricia
Marcos Huidobro
The development objectives of Partnership for Market Readiness (PMR) Project
for Chile are: (i) to provide technical assistance to the Beneficiary in the design and
implementation of a Monitoring, Reporting and Verification (MRV) framework and
registry; and (ii) in the design and preparation of one or more carbon pricing
instruments in the energy sector. In accordance with the objectives, the project
provides additional funds of three million US dollars to Chile to help with
assessment of the viability of an Emission Trading
PROJECT AT-A-GLANCE

15. Project ID P154213
Status Active
Approval Date November 16, 2015
Closing Date December 30, 2016
Country Chile
Region
Latin America and
Caribbean
Environmental
Category
N/A
Team Leader
Carlos Rodriguez
Castelan
Borrower***
REPUBLIC OF
CHILE
Implementing
Agency
MINISTRY OF
FINANCE
Total Project Cost**
US$
100.00 million
Commitment
Amount
US$
100.00 million
Tertiary education 50%
Central government
administration
17%
General education sector 17%
Other social services 16%
Social Inclusion
33
%
Education for all
33
%
Social safety nets
17
%
Poverty strategy, analysis and
monitoring
17
%
ThemesSectors
Basic Information

16. Project ID P085621
Country Chile
Region
Latin America and Caribbean
Status Active
Approval Date (as of board presentation)
June 7, 2013
Closing Date August 15, 2019
Total Project Cost**
US$ 63.86 million
Commitment Amount US$ 0.00 million
Team Leader Peter Jipp
The objective of the Sustainable Land Management Project for Chile is to develop a
national framework for sustainable land management to combat land degradation,
mainstream biodiversity into national policies, and protect forest carbon assets. The
project has 5 components. (1) National sustainable land management (SLM) framework
component will: (a) carry out of an assessment of the potential of the member country's
existing agriculture, forestry, ranching and conservation programs to be part of the SLM
framework; and (b) develop
PROJECT AT-A-GLANCE

17. Project ID P130378
Status Active
Approval Date August 27, 2014
Closing Date
September 4,
2017
Country Chile
Region
Latin America and
Caribbean
Environmental
Category
C
Team Leader
Janina Andrea
Franco Salazar,
Patricia Marcos
Huidobro
Borrower***
GOVERNMENT OF
CHILE
Implementing Agency
MINISTRY OF
ENERGY
Total Project Cost** US$ 3.00 million
Commitment Amount US$ 0.00 million
General energy sector
100
%
Climate change
50
%
Environmental policies and
institutions
50
%
Basic Information
Themes
Sectors