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NISHA LATIKA DAVIDSON JAYESH

CONTENTS
Introduction History Authority Functions Five Agencies Support To India

The

World Bank is one of the worlds largest

sources of funding for the developing world. Its primary focus is on helping the poorest people

and the poorest countries.


It uses its financial resources, its staff, and

extensive experience to help developing countries,


reduce poverty, increase economic growth, and improve their quality of life.

MISSION

To fight poverty and to help people by providing


resources, sharing knowledge

HISTORY

Headquarters: Washington,
DC and more than 100 offices around the world.

Established: July 1, 1944 by


a conference of 44 governments in Bretton Woods, New Hampshire, USA

Membership: 185 countries

Staff: Approximately 7,000


employees in Washington DC and over 3,000 in offices around the world.

MAJOR SHARE HOLDERS


World Bank runs like a cooperative, with their member countries as share holders. The no. of shares a country has is based on the size of the economy. The rest of the shares are divided among the other member countries

COUNTRY U.S.A JAPAN GERMANY U.K FRANCE

RATES % 16.39 7.87 4.49 4.30 4.30

Decision-Making
Authority

WORLD BANKS TOP 7 BORROWERS 1 2 MEXICO BRAZIL

24 Executive Directors
President Term

3
4 5 6 7

TURKEY
PAKISTAN CHINA INDIA ARGENTINA

FUNCTIONS

Fund Generation
Loans Trust Funds and Grants

Analytic and Advisory Services


Capacity Building

IBRD

IDA

IFC

M.I.G.A

ICSID

Provides loans and development assistance to middle income countries in Latin America, Asia, Africa and Eastern Europe. IBRD gets most of its funds by selling bonds in international capital markets.

The International Development

Association (IDA) plays an important role to reduce poverty.

Its support is focused on the poorest countries,


to which it provides interest-free loans and grants.

Promotes growth in the developing world by


financing private-sector investments and providing technical support and advice to governments and businesses.

In partnership with private investors, IFC


provides loans and equity finance for business ventures in developing countries.

Encourages foreign investment in developing


countries by providing guarantees to foreign investors against loss.

MIGA also provides technical support to help


developing countries promote investment opportunities and uses its legal services to reduce possible barriers to investment.

Provides facilities for settling investment disputes between foreign investors and their host countries.

SUPPORT TO INDIA
India
has been borrowing from the World Bank through IBRD and IDA for various development projects in the area of poverty alleviations, infrastructure, rural developments etc.

IDA funds are one of the most concessional external loans


for GOI

India has borrowed around US$ 65.8 billion from the World
Bank so far.

During 1995-96 (July-June), India ranked first among the


nations getting assistance from IDA.

CURRENT NEWS

Indian growth to slow at 6.8%: World Bank World bank suggestion on Delhi Jal Board World Bank gave 50 Billion $

www.worldbank.org

REFERENCES

www.economictimes.com www.timesofindia.com www.ife.com

www.miga.org
www.dnaindia.com