competitive local private sector. we welcome this effort to collectively rethink our approach to evolving contexts, particularly through broader analyses of the drivers of social unrest and violent upheavals and a strengthened regional perspective. we commend management for the continued implementation of the g20 capital adequacy framework ( caf ) review, designed and launched under the italian g20 presidency. we note with satisfaction that the caf measures adopted so far are set to boost the ibrd's lending capacity by more than $ 100bn over a decade, a figure higher than what the 2018 general capital increase has provided over the corresponding 10year horizon. the increase of ibrd financing power will allow better response to global challenges and traditional development goals. the g20 caf review has also spurred ifc and miga to put forward equally transformative programs and products. much can still come from further implementation of the caf recommendations. we stand ready to evaluate and help devise additional measures and finetune existing instruments, at the board, with other relevant entities, and in international fora. private capital mobilization remains crucial to meet the needs and aspirations of developing and emerging countries. we welcome additional efforts to mobilize institutional investors and promote local private sector development. we therefore applaud the launch of the private sector investment lab and ifc's development of the 2 / 3 bis - central bankers'speeches warehouse - enabled securitization platform ( wesp ), renewed diagnostics, targeted government dialogue, and business - enabling policy reforms. we encourage progress on the global emerging markets risk database ( gems ) initiative, as part of a larger effort to improve information gathering and knowledge sharing within the larger investment community. the wb should work to maximize domestic resource mobilization, including through the new public finance review ( pfr ). envisaging a clear and effective division of labor, we invite the wb to collaborate closely with other partners, in particular the imf. the ability to put good ideas to good use is just as important as financing. we should therefore focus discussion on promoting innovation, building capacity in client countries, and developing bankable projects. within the wider agenda of the new wb playbook, we consider three workstreams of utmost importance. first, a strengthened one world bank approach. this should better integrate policy advice and public sector financing with private sector development and capital mobilization, thereby feeding into a revamped cascade approach. second, stronger partnerships, which should also lead to more effective country platforms.

bill also takes account of the observations of the international monetary fund in its recent evaluation of the measures to prevent money laundering in italy. the new apparatus contemplated by the government ’ s bill also includes a committee, established at the ministry for the economy, in which the competent supervisory authorities and the investigative bodies are to coordinate their action on an equal footing. the action proposed in the bill is to be judged positively and could constitute the occasion for relaunching the national financial intelligence unit. i trust that the draft decree that the ministry is preparing to submit to the council of ministers to implement the third decree will be brought into line with the approach taken in the bill. in polistena in march and, most recently, in bari at a conference organized by the national association of magistrates and the association of criminal lawyers. 5. conclusions to conclude, with the completion of the long testing period, it appears that the legislation to counter money laundering and the financing of terrorism is proving sufficiently effective. the assessment obviously takes account of the fact that no instruments are capable of definitively rooting out these pathological phenomena, but only measures more or less capable of hindering criminal organizations, reducing their profitability, augmenting their riskiness and increasing their operating costs. there nonetheless remains considerable scope for improving both rules and operating procedures. in the first place all the measures required to encourage the use of electronic means of payment instead of cash and other anonymous instruments must be adopted. at the same time it will be necessary to impose strict controls on all the persons authorized by the directive approved by the european parliament at the end of april to provide retail payment services in the internal market. the coordination of the different authorities making up the anti - money - laundering apparatus can be made more effective by adopting the organizational changes that – as i have recalled – have been proposed by the government as part of the bill on the reform of italy ’ s regulatory authorities. in particular, the financial intelligence unit could be strengthened by the planned merger of the uic into the bank of italy. while respecting the separation of roles between the supervisory authority and the unit entrusted with the prevention and repression of money laundering, the uic merger is likely to bring major synergies in terms of information and controls. in fact the bank would come to have the powers of control over all the financial intermediaries entered in the general list referred to in article 106 of the consolidated law on banking and responsibility for keeping the lists of loan and financial brokers. as regards