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Presentation on world bank

Presented By
Central University of Karnataka

The World Bank (WB)
The World Bank is an international financial
institution that provides financial and technical
assistance to developing countries for
development programs
Washington, DC, and more than 100 country
July 1, 1944 during a conference of 44
countries in Bretton
WB mission is to
Reduce poverty in the globe
Improve the living standard

The World Bank (WB) WB provides low-interest loans. . WB does not operate for profit. communications and many other purposes. Unlike other financial institutions. co- operation between organizations and local stakeholders’ participation in projects) to developing countries These loans are for education. health. interest-free credit and grants (Grants are designed to facilitate development projects by encouraging innovation. infrastructure.

.Objective and Function Provide assistance to developing 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).

The Bank offers two basic types of loans: Investment loans: Support of economic and social development projects Development policy loans: Quick disbursing finance to support countries .

2. and 3. All five of these institutions together make up the World Bank Group. three other institutions are closely associated with the World Bank: 1. The International Finance Corporation (IFC). The International Centre for Settlement of Investment Disputes (ICSID). The International Development Association (IDA In addition to the IBRD and the IDA. . The International Bank for Reconstruction and Development (IBRD) 2.World Bank Associations The World Bank's two closely affiliated entities 1. The Multilateral Investment Guarantee Agency (MIGA).

e.International Bank for Reconstruction and Development(IBRD) Founded in 1944 at the Bretton Woods Conference to finance the reconstruction of countries affected by WWII help with development of impoverished nations World Bank’s central institution 181 member countries Lends to countries with relatively high per capita incomes Money is used for: development projects (i. schools) Provides technical assistance in projects . highways.

International Development Association(IDA) Established in 1960 assist the poorest developing countries lends to countries with annual per capita incomes of about $800 or less It’s loans are knows as “credits” 161 members .

mobilizes capital in international financial markets.International Finance Corporation(IFC) Established in 1956 to reduce poverty and improve people's lives in an environmentally and socially responsible manner 174 members Finances private sector investments. and provides technical assistance and advice to governments and businesses Provides both loan and equity finance for business ventures in developing countries .

Multilateral Investment Guarantee Agency(MIGA) Established in 1988 Helps developing countries attract foreign investment Provides investment marketing services and legal advisory services to its members 152 members .

International Center for the Settlement of Investment Disputes(ICSID) Established in 1966 to promote increased flow of international investment Provides facilities for the reconciliation of disputes between governments and foreign investors 131 members .

Millennium Development Goals based on Five key factors: Build capacity Infrastructure creation Development of Financial Systems Combating corruption Research. . Consultancy and Training.The World Bank (WB) WB focuses on achievement of the Millennium Development Goals that call for the elimination of poverty and sustained development.

Areas of operation Agriculture and Rural International Economics and Development Trade Conflict and Development Labor and Social Protections Development Operations and Law and Justice Activities Macroeconomic and Economic Economic Policy Growth Education Mining Energy Poverty Reduction Environment Poverty Financial Sector Private Sector Gender Public Sector Governance Governance Rural Development Health. Computing and Water Resources Telecommunications Water Supply and Sanitation . Nutrition and Social Development Population Social Protection Industry Trade Information and Transport Communication Technologies Urban Development Information.

who work on-site at the bank. . Because the governors only meet annually. The shareholders are represented by a Board of Governors. The governors are member countries' ministers of finance or ministers of development. they delegate specific duties to 24 Executive Directors. where its 184 member countries are shareholders.How is World Bank Run? The World Bank is like a cooperative. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund. who are the ultimate policy makers at the World Bank.

. renewable term.How is World Bank Run? The five largest shareholders. The other member countries are represented by 19 executive directors. Germany. The President is elected by the Board of Governors for a five- year. the United Kingdom and the United States appoint an executive director. Japan. France.

The world bank operates day-to-day under the leadership and direction of the president.How is World Bank Run? The executive directors make the boards of directors of the world bank. Country assistance strategies and borrowing and financial decisions. Including approval of loans and Approve guarantees. management and senior staff. New policies. and the vice presidents in charge of regions. They normally meet at least twice a week to oversee the bank's business. networks and functions . sectors.

This capital consists of reserves built up over the years and money paid in from the bank's 184 member country shareholders. . The greater proportion of its income comes from lending out its own capital.Where Does the Money Come from to Operate the World Bank IBRD lending to developing countries is primarily financed by selling AAA-rated bonds in the world's financial markets. IBRD’s income also pays for world bank operating expenses and has contributed to IDA and debt relief.

IDA accounts for nearly 40% of our lending . no-interest loans. Additional funds are regenerated through repayments of loan principal on 35-to-40-year. This source is replenished every three years by 40 donor countries.CONT… IDA is the world's largest source of interest-free loans and grant assistance to the poorest countries. which are then available for re-lending.

the World Bank provided $23. The bank is currently involved in more than 1. guidelines and procedures designed to protect the project and ensure that aid gets to the poor. There are more than 63.What is World Bank Now? Last year.6 billion for 279 projects in developing countries worldwide.800 projects in virtually every sector and developing country. with the financial and/or technical expertise aimed at helping those countries reduce poverty.000 donor-funded development projects worldwide. . each governed by countless demands.

. we have a multidisciplinary and diverse staff that includes economists. public policy experts. and 30% of our staff is now based in country offices. based solely in Washington. sector experts and social scientists. Our mission evolved from the IBRD as facilitator of post-war reconstruction and development to the present day mandate of worldwide poverty alleviation in conjunction with our affiliate. Today. DC.Summary Since inception in 1944. the World Bank has expanded from a single institution to a closely associated group of five development institutions. Once we had a homogeneous staff of engineers and financial analysts. the International Development Association.

broadened our portfolio's focus to include social sector lending projects. For more on the world bank visit: www. given the natural disasters and post conflict rehabilitation needs that affect developing and transition economies. debt relief and good governance. we have sharpened our focus on poverty reduction as the overarching goal of all our . however.Summary Reconstruction remains an important focus of our work. We have. poverty alleviation. At today's World Bank.