Driving Innovation and Growth
The World Bank Private Sector Liaison Office
In 1999, the World Bank Group (WBG) created a network of Private Sector Liaison Officers (PSLOs) around the world. The purpose of these liaison officers is to assist and enable local firms to successfully participate in WBG projects and to foster trade and investment with the help of WBG products and services.
The Global Midwest Alliance is the first organization to host a WBG Private Sector Liaison Officer in the United States, making it a vital resource for business opportunities in emerging markets and offering unequaled access to the World Bank Group’s $25 billion in annual procurement pipeline for goods and services across a broad range of sectors in the developing world. Global Midwest Alliance is part of a network of 160 such offices around the world. Through the PSLO network, the Alliance can provide businesses with local market access and intelligence in more than 100 countries.
World Bank-funded projects generate thousands of international bid procurement opportunities for suppliers of goods and services.
The WBG is not only the largest source of multilateral financed procurement in the developing world, its guidelines and bidding standards are often the reference point for all public procurement in emerging markets.
The bank disburses approximately $20 billion a year. Of this amount, over $7 billion represents new procurements in the form of an estimated 40,000 contracts a year.
- 90% of these transactions are below $1 million
- 60% of these are below $500,000
- 83% of the projects funded are for goods, equipment & civil works
- 17% are for consulting (most of which are SME firms)
Procurement opportunities range from capital equipment for the construction of infrastructure, to the supply of information technology equipment and services to schools and hospitals, to consulting contracts for government ministries.
Financial and Political Risk Mitigation
The WBG, via the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA), is the largest multilateral source of financing for private enterprises in emerging markets.
The IFC applies its AAA rating to long term Loans, Equity and Quasi-Equit, Loan Participations, Client Risk Management Products, Structured Finance and Trade Finance.
MIGA provides guarantees to allow investors and lenders to manage project-related political and noncommercial risk associated with currency transfer restrictions, expropriation, war/civil disturbance, and breach of contract.
Both the IFC and MIGA act as long-term partners, mechanisms for emerging market entry, and enablers for a transparent business environment.
Technical Assistance & Advisory Services
The WBG is the largest provider of technical assistance programs to the developing world. Apart from being lucrative consulting opportunities themselves, technical assistance and advisory services often become decisive catalysts that help make development projects “bankable.”
The WBG spends approximately $800 million annually on a variety of consulting assignments for mission-critical activities.
MIGA provides technical assistance to investment promotion intermediaries in developing member countries to enhance their capacity to provide investors with information and advice, with the goal of reducing the potential deterrents associated with investing.
For More Information
To view an explanation of the branches of the World Bank Group, click here. To view our upcoming events and missions, visit Global Midwest Alliance's Seminars & Events page. To learn more about accessing opportunities through the PSLO, please contact Rebecca Riebe, Private Sector Liaison Officer to the World Bank Group at the Global Midwest Alliance LLC, [email protected] or 630-333-0964 or visit the PSLO Network.
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