World Bank

The International Bank for Reconstruction and

Development (IBRD), known popularly as the
World Bank, was set-up at the same time as the
International Monetary Fund (IMF) at the United
Nations, after monetary and financial conference
held at Brettonwoods, New Hampshire, in July
1944.
 Objectives & Functions

Reconstruction Encouragement Encouragement

and of capital to International
Development investment trade

Establishment
Environmental
of peace time
protection
economy
International Monetary Fund World Bank
1. Oversees the international 1. Seeks to promote the economic
monetary system and promoters’ development and structural reforms in
international monetary co-operation. developing countries.

2. Promotes exchange stability and 2. Assists developing countries

orderly exchange relations among its through long term financing of
members. development projects and
programmes.

3. Draws its financial resources 3. Acquires most of financial

principally from the quota resources by borrowing on the
subscriptions of its members. international bond market.
Members and their voting rights
Members Voting rights

 Founder members 30  Its depend on the basis

 General members 156 of country’s share in
 Total 186 the total capital of the
bank.
 Each member has 250
votes plus one
additional vote for
each 1.00,000 shares
of the capital stock
held.
 Capital
Resources
The initial authorised 1. 2% of the
capital of the word bank subscription to be
was $10,000 million, which paid in gold or US
was divided in 1 lakh dollars,
2. 18% of the
shares of $1 lakh each.
subscription to be
paid in member’s
own currency, and
3. Remaining 80 %
The authorised capital of subject to call if
and only when
the bank is $19,081 crores.
required to meet
the bank’s
obligations.
Management of the World Bank
Board of Governors

Executive Directors

Advisory Council

Loan Committees
 Achievements and Success

Proper
Loans for
assistance to
Provide loan productive
underdeveloped
purposes
countries

Establishment
Increase in Training
of subsidiary
capital institutions
institutions
 Settlement of Co-ordination
Third window
investment of the leading
of world
disputes activities

Financial
Economic and Operations assistance to
social research evaluations welfare
institutions

Agricultural Millennium
Fight against
and rural development
poverty
development goals
Failure of World Bank
High interest rate

Insistence on repaying capacity

Inadequate first aid

Complex procedure
Discriminatory treatment

Loans for agriculture and allied occupation

Delay in execution

Lack of close contact between creditors and

debtors countries

More consideration of private sector

Executive Disaster
Loans
directors Assistance

Aid India
Technical Survey
club or
Aid teams
consortium

India and World Bank

Mediatory role in
river water General credit
dispute with facilities
Pakistan

Population Help non-

control governmental
assistance organisation

Advantages from
Human
membership of
development
associate
projects
institutions
Thank you