Since 2000 the Directorate General of Development Cooperation of
the Federal Public Service (Ministry) of Foreign Affairs, Foreign
Trade and Development Cooperation has posted two
Attachés for Development Cooperation in Washington, DC. Their main tasks are:
- to follow up all matters related to the
Group and the
International Monetary Fund and to monitor, more
specifically, the voluntary contributions of Belgium to both
- to follow up all matters related to U.S. Foreign
Assistance for the developing world and with a particular
focus on the activities of USAID
- to report regularly on the lively and interesting
debates on development cooperation within the various think tanks
based in Washington DC.
Funding for the World Bank and the IMF is provided by the
Directorate General of Development Cooperation of the
Ministry of Foreign Affairs,
Foreign Trade and Development Cooperation.
Funding relations with the World Bank
DGDC works mainly with two institution of the World Bank Group: the
International Development Association (IDA) and to a lesser extent the
International Bank for Reconstruction and Development (IBRD).
Besides providing a core contribution to IDA, additional contributions are
allocated to the World Bank on a voluntary basis by DGDC. The decisions on
these voluntary contributions are guided by the Strategic Framework for the
Bretton Woods Institutions (2008-2011) which was approved in March 2008.
The strategic axes of this framework are:
- to improve the elaboration and implementation of
poverty reduction strategies
- to strengthen macro-economic management including
fiscal, monetary and debt management
- to promote good governance and fight against
Progress on the implementation of the programs under the Strategic
Framework was discussed in Brussels in December 2009 during the annual
Currently, the main programs are:
The possible continuation of these programs will be discussed during the upcoming annual
consultations currently scheduled for September/October 2011. More importantly, during
these consultations a new (or revised) Strategic Framework will be presented and discussed
by both parties to guide future contributions beyond 2011.
Funding relations with the IMF
The collaboration with the IMF is based on the same Strategic Framework as mentioned
above. At the Fund a Belgian Subaccount has been created to capacitate the Belgian partner
countries in the areas of fiscal affairs, monetary policy and macroeconomic statistics.
During the annual meetings in Washington DC of October 2010 a new contribution of 1 million
Euros was approved for this Subaccount. Moreover it was agreed that Belgium would also contribute
to the Topical Trust Fund for Tax Administration and Policy. Belgium strongly supports the aim
of this Trust Fund to enhance revenue collection in the least developed countries to make them
ultimately less donor dependent.
Updated January 7, 2011