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634027398065678750
634027398065678750
World Bank is an international financial institution that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools, etc.) with the stated goal of reducing poverty.
Major
institutions created as a result of the Bretton Woods Conference in 27th December, 1944 main countries which shaped the negotiations were United States and Britain
Two
Provide
assistance to developing and transition countries Promote the economic development of the world's poorer countries Finance the poorest developing countries whose per capita GNP is less than $865 a year special financial assistance through the International Development Association (IDA)
Build capacity Infrastructure creation Development of Financial Systems Combating corruption Research, Consultancy and Training
Investment
loans: Support of economic and social development projects policy loans: Quick disbursing finance to support countries
Development
International Bank for Reconstruction and Development (IBRD) :186 member countries International Development Association (IDA): 168 members countries
Focus on three priority areas: Safety net programs Global recession and the food Fuel and financial crises For this: $8.3 billion to mitigate the crisis impact in poor countries, over and above previous commitments to the institution
Trade flows Bolster distressed banking systems Keep infrastructure projects on Shift advisory support services Support
track
microfinance institutions
Global Water Partnership (GWP) Supports countries in the sustainable management of their water resources. Global Alliance for Vaccines and Immunization (GAVI) Seeks to protect public health worldwide through the widespread use of vaccines. The Carbon Fund Works to develop viable, flexible market mechanisms to reduce greenhouse gas emissions under the Kyoto Protocol. Roll Back Malaria Coordinates the international fight against malaria, which kills more than 1 million people a year, most of them children in Africa. Joint United Nations Programme on HIV/AIDS (UNAIDS) Advocates for global action on the HIV/AIDS epidemic and works with civil society, the business community and the private sector. Education for All Focuses attention on education and strives to ensure an education for every citizen in every society
Focuses on:
Fast-track the development Support seven poorest states
Total proposed lending program of US$14 billion, for the next three years Strategy is aligned with Government of Indias own development priorities
Agriculture Infrastructure:
Power Transport Water Urban development
Skills
Components
Loan Terms
Rail
Road
150
Resettlement
79
IDA Credit - an interest-free loan repayable over 35 years with a 10year grace period Channelled through Government of India the
542
and
Govt.
403
945
The low cost and stable financing it provides with longer maturity periods Financing through the International Development Association (IDA)
Interest rate: 0.75% p.a. Repayable over a period of 35 years Inclusive of a 10 year grace period
WB financed FY08: US$ 2.7 billion World Bank group had 60 active projects in the country