Bank Representative Offices in Donor Countries: Establishment of a North American Office - Cost of the Bank's Representative Office in North America

Table of Contents

p. 7 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

VII. Cost of the Bank's Representative Office in North America

28. The Appendix provides details on the estimated full costs of NARO and the associated budgetary impact for 1995. In this regard, it has been assumed that professional staff positions will be redeployed from Headquarters.¹² The full costs for NARO are estimated to be about $1 million, with a budgetary impact of approximately $450,000 in 1995.¹³ Management will make every effort to keep these costs to a minimum.¹⁴

____________________

It is expected that staff for the representative offices for Europe and Japan would also come out of redeployment.
Some costs have been amortized over three years.
It is not considered that the costs of representative offices in donor countries would detract from the Bank's ability to effect operations in DMCs. Indeed, a strategic role of such offices is to work towards strong and continued financial support from donor members for Bank operations in DMCs.

Back
VI. Proposal for a North American Representative Office

VIII. Organizational Arrangements

Catalog

VII. Cost of the Bank's Representative Office in North America