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UNECA/CARICOM

Part 1
1. Compare and contrast the international financial organizations that play major roles in UNECA- (The United Nations Economic Commission for Africa). (Special focus to South Africa, Kenya and Egypt)
2. Analyze the major foreign exchange challenges that exist in UNECA- (The United Nations Economic Commission for Africa). (Special focus to South Africa, Kenya and Egypt)
3. Select an appropriate strategy to manage exchange rate risk for nations in the UNECA- (The United Nations Economic Commission for Africa). (Special focus to South Africa, Kenya and Egypt)

Part 2
1. Compare and contrast the international financial organizations that play major roles in CARICOM- (The Caribbean Community and Common Market). (Special focus on Haiti, Trinidad and Tobago, and Guyana)
2. Analyze the major foreign exchange challenges that exist in CARICOM- (The Caribbean Community and Common Market). (Special focus on Haiti, Trinidad and Tobago, and Guyana)
3. Select an appropriate strategy to manage exchange rate risk for nations in the CARICOM- (The Caribbean Community and Common Market). (Special focus on Haiti, Trinidad and Tobago, and Guyana)

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Part 1:

1. Compare and contrast the international financial organizations that play major roles in UNECA- (The United Nations Economic Commission for Africa). (Special focus to South Africa, Kenya and Egypt)

World Bank and UNECA:

UNECA facilitates working relationships between the World Bank and other development agencies situated in Africa. Examples of recent cooperation include the installation in UNECA of the World Bank's Live Data-Base, World Bank support for the inauguration of an annual African Development Forum hosted by UNECA, and assistance by UNECA in disseminating information about the Bank-Fund Poverty Reduction Strategy process. The World Bank and the UNECA work together in the SPA with close links between the UNECA's PRSP learning group and the SPA's two working groups.

source: http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/0,,contentMDK:20267222~menuPK:538679~pagePK:146736~piPK:226340~theSitePK:258644,00.html

Role of institutions such as World Bank Group in specific countries:

South Africa: The World Bank currently has only one active loan in South Africa ? the Municipal Financial Management Technical Assistance Project (MFMTAP), which was approved in 2002 for an amount of US$15 million. The World Bank is particularly active in economic research and technical assistance in the following areas:

Agriculture and Land Reform
Urban Development and Municipal Finance
Private Sector Development, Industry, and Trade
Public Administration and Service Delivery
Environmental Conservation

In addition, the World Bank Group's agencies for private sector development ? the International Finance Corporation and the Multilateral Investment Guarantee Agency ? work closely with South African companies to promote investment within South Africa and throughout the African continent. For more information, please refer to the links below:

International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)

source:

http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/SOUTHAFRICAEXTN/0,,menuPK:368082~pagePK:141159~piPK:141110~theSitePK:368057,00.html

Kenya: The World Bank is working with Kenya to reduce poverty, fight corruption and improve the standards of living of its people. As of November 2006, the World Bank's portfolio in Kenya consists of 13 active operations (excluding a US$4.3 million grant from the Global Environment Facility), with a total commitment of US$675 million.

The World Bank Group's assistance to Kenya is guided by the Country Assistance Strategy (CAS), which spells out the direction for IDA and IFC assistance to Kenya over the medium-term. The current CAS for Kenya was discussed by the Board on June 2004 and covers fiscal years 2004-2007. Preparation of new lending operations and ESW as laid forth in the CAS is largely on track, and the Bank has begun to work on a CAS progress update. The update is expected to be presented to the Board of the World Bank Group soon.

The current CAS proposes to help Kenya achieve its development objectives through four basic areas of support, reflecting the Bank Group's comparative advantage in its partnership with government and other donors:

Strengthening public sector management and accountability, parastatal reform and privatization, and monitoring and evaluation capacity;
Reducing the cost of doing business and improving the investment climate, including support for restructuring the financial sector, promoting private sector development, improving infrastructure as the basis for economic growth, and reducing barriers to trade;
Reducing vulnerability and strengthening communities, including support for increased agricultural productivity and competitiveness, improved environmental management, strengthened local governments, and reducing poverty in the poorest rural areas and urban slums;
Investing in people, including support for an improved understanding of poverty, the health sector, the education sector, and the national fight against HIV/AIDS.

source: http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/KENYAEXTN/0,,menuPK:356520~pagePK:141132~piPK:141107~theSitePK:356509,00.html

http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/KENYAEXTN/0,,menuPK:356516~pagePK:141159~piPK:141110~theSitePK:356509,00.html

Egypt:

In June 2005, the World Bank adopted its new Country Assistance Strategy for Egypt covering the period 2005 - 2008. Developed ...

Solution Summary

Compare and contrast the international financial organizations that play major roles in UNECA- (The United Nations Economic Commission for Africa). (Special focus to South Africa, Kenya and Egypt)

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