Professional Documents
Culture Documents
HISTORY
WB was created at Bretton Woods Conference in 1944 during world war II Most powerful countries in the conference were US & UK
INTRODUCTION
WB is now a part of World Bank Group WB Group
International Development Association (IDA) International Centre for Settlement of Investment Decisions (ICSID) Multilateral Investment Guarantee Agency (MIGA)
IBRD
The World Bank (WB) is like a co-operative It comprising of 188 member countries who are represented by a Board of Governors These Board of Governors are also the ultimate policy makers and decision makers of WB A country has to join the International Monetary Fund (IMF) prior
STRATEGY
Approach
Define Customers quantifiably and measurably Multiple societal outcomes Operational effectiveness - Doing things BETTER Strategic PositioningDoing things DIFFERENTLY
Support to India
Reduce poverty Develop an investmentenvironment Increase job opportunities Strengthen governments with education Empower the development of legal and judicial systems Benefit from micro credit as well as large corporate undertakings Combat corruption
Operations
Fund Generation Loans Grants Analytics & Advisory Capacity Building
ORGANIZATIONAL STRUCTURE
Board of Governo rs Executiv e Director s Presiden t (Jim Yong
Kim)
The Vice President &WBG Chief Ethics Officer Managing Directors (3) Vice President & Corporate Secretary Sr. Vice President
DirectorGeneral
VicePresiden t
AuditorGeneral
Chairper son
Increase or decrease the authorized capital stock Determine the distribution of the net income of the Bank and Suspend the operations of the Bank
Increase the number of elected Executive Directors and Approve amendments to the AoA
Formalizat ion
Documents and rules and regulations Prescribed by the Articles of Association, ByLaws
MATRIX STRUCTURE
Regional matrix :
1. Relationship of country director-controlled country
management units (CMUs) with sector manager controlled sector management units (SMUs) 2. CMUs: Client groups SMUs: Product groups 3. Work program agreements (WPAs)
CULTURE
Internal integration
Members develop a collective identity, cohesiveness , working relationships learn how to work together effectively and efficiently
External Adaption:
Organization meets its goals, adapt to various customer needs and the dynamic external environment
Complexity in hierarchy with increase in members Extreme Job dependency and lack of competition
PROCESS
What do they do? Process Issues
Fiduciary responsibilities of its depositors Maintenance of Loan Portfolio Raising funds in capital market with the help of government guarantee Lend them to the developing nations
Money extraction > Money funded Point of discussion for the critics
WORLD BANKS AS !
Financial intermediary (Bank-as-a-Bank model) Evangelical agent
Goal overloading for developing countrie External pressures from political parties
oPromotion of staff at higher levels oAllocation of funds
Challenges
oAccountability to its shareholders oProtection of its operations from political interferences oBoard of Directors : Proxy for their country, rather than long term interests of the bank
Conclusion CONCLUSION
Governors Role
Boards Functioning
RECOMMENDATIONS
Strong client orientation policy Idea marketing Regular field visits (Staff) Client friendly research
THE WORLD BANK Its is not a bank Its a financial institution that provides technical and financial assistance to developing countries around the world. .
Thank You