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p. 1 of 9 BACK | NEXT I. Introduction II. Strengthened Bank Representation in Donor Countries III. Bank Representative Offices in Donor Countries IV. Bank Resident Representation for Europe, Japan and North America V. Representation of Other Multilateral Financial Institutions in Donor Countries VI. Proposal for a North American Representative Office VII. Cost of the Bank's Representative Office in North America VIII. Organizational Arrangements IX. Recommendations

Bank Representative Offices in Donors Countries: Establishment of a North American Office

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I. Introduction

1. A working paper on Bank representative offices in donor countries was discussed by the Board on 1 December 1994.¹ On the basis of that paper and comments made by Board members, an issues paper providing further information and explanation was prepared and circulated to the Board on 20 December 1994.² After careful consideration of the concerns expressed by Board members about these two documents, the present Paper summarizes the main issues and sets out for Board consideration specific recommendations regarding Bank representation in donor countries including early establishment of a North American office.

2. This Paper defines the Bank interests that would be served by strengthened Bank representation in donor countries and describes the purpose and responsibilities of representative offices in donor countries. It proposes a North American representative office and explains why such an office should be established in Washington, D.C. in 1995. It further proposes that the Bank plan for the establishment of representative offices in Europe and Japan in 1996. The specific terms of reference and required Bank resource allocations as regards the establishment of the office in Washington, D.C. are indicated. The performance of the North American representative office in terms of benefits realized and actual costs should be assessed at the end of the first two years of its operation.

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