73593
                CHINA: COUNTRY PARTNERSHIP STRATEGY FY13 - 16

                                   CHAIR’S SUMMING UP ∗

                               Meeting of the Executive Directors

                                           November 6, 2012

  Executive Directors discussed the World Bank Group Country Partnership Strategy (CPS)
FY13-16 for China (R2012-0211[IFC/R2012-0324; MIGA/R2012-0064]).

    Directors commended the authorities for China’s economic and social development and
success in reducing poverty, as well as its contributions to achieving global MDGs. They noted
the continued focus of China’s 12th Five Year Plan on improving the quality of growth and
addressing economic, social, and environmental imbalances, and remarked on the country’s
effective economic management in the wake of the financial crisis.

    Directors noted the success of the last CPS and expressed broad support for the objectives
outlined in the current joint Bank, IFC, and MIGA CPS, welcoming a strongly integrated
approach and observing that it is aligned with the country’s development objectives. They
welcomed the CPS’ strategic themes of supporting greener growth and promoting more inclusive
development, as well as the cross-cutting theme of advancing mutually beneficial relations with
the world. They noted that successfully addressing environmental issues in China would have a
positive global impact. Directors called on the Bank Group to continue to seek being a partner of
choice, and to support efforts to address gender and regional disparities, as well as other issues
such as corporate governance. Directors noted that the success of the CPS will hinge on transfer
of knowledge through innovative projects that are sustainably replicated across the country. To
this end, Directors encouraged results measurement to capture this learning dynamic, and urged
careful attention to the Bank Group’s financial additionality.

   Directors expressed support for the continued enhancement of knowledge services and
innovation under the CPS, both with and without lending engagement, and stressed the
importance of an appropriate model going forward, drawing broader lessons for Bank Group
work in other countries, particularly middle-income countries. Directors also underscored the
importance of the two-way partnership of mutual learning with China to advance the global
development agenda, especially with respect to south-south opportunities.

    Directors appreciated the positive integration and alignment of Word Bank Group activities,
and emphasized the importance of continued strong and close collaboration to maximize impact
on the ground. Finally, they looked forward to CPS implementation, and encouraged IFC, MIGA
and IBRD to continue to ensure complementarity and synergy.




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 This summary is not an approved record.