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WFDFI
RELAUNCHING
The WFDFI will celebrate its 26th anniversary in 2005. Armed with the
experience gathered over these years and considering the present
situation and prospects of the development banking system in the
world, let us meet the challenges of reconsidering WFDFI very
guiding principles, openly acknowledging its institutional
condition, renewing its commitment to its Members –particularly the
Regional Members— and projecting it into the future. All of this is
conceivable today, thanks to the recognition that development banks
are necessary and important for dealing with market imperfections
that economic reforms have been unable to remedy.
The WFDFI was created basically as an organization that brings
together the regional associations and so it should remain. It
should help to strengthen those members and the coordination among
them and, through them, the worldwide development banking system and
the institutions affiliated with each regional association. It
should not duplicate their activities or seek to work directly with
national development banks and financial institutions, precisely
because of its essential nature as a third level international
organization and in order not to compete with the regional
associations. In this way, it will equip those associations to serve
national institutions more efficiently.
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