World Bank Group

Presented By: Jitender Singh Yadav (2/2008) Nikhil Kamboj (12/2008) Neha Sharma (58/2008) Prashant Yadav (59/2008) RP Singh (60/2008)

The World Bank Group
Why world is NOT approaching World Bank for loans? Evaluation of measurable gains from World Bank.

The World Bank Group
The World Bank Group (WBG) is a family of five international organizations:
International Bank for Reconstruction and Development (IBRD) International Development Association (IDA) International Finance Corporation (IFC) Multilateral Investment Guarantee Agency (MIGA) International Centre for Settlement of Investment Disputes (ICSID)

The Bank came into formal existence on 27th December 1945. These organizations make leveraged loans, generally to poor countries.

IBRD + IDA = World Bank .

and so on. communications. infrastructure. It enables the developing countries reduce poverty by providing them with money and technical expertise. government reforms. health. . as and when required for education.The World Bank The World Bank is a vital source of financial and technical assistance to developing countries.

The World Bank as gatekeeper to development finance: Influences the overall amount and composition of development financing available to countries. The World Bank as knowledge broker: Provides information about economic policies and development models.World Bank: The Functioning The World Bank as lender: Lends money to low and middle-income governments for investment projects and policy reforms. .

World Bank: The Functioning through Economic and Sector Work research evaluation with our clients. partners and outside world« through learning from the outside world« with staff in the organization and learning our successes from failures and through products and services« .

Structural adjustment: Effective in countries with an institutional framework. Violation of a country·s sovereignty and an undemocratic way to force reforms that can have substantial consequences on people and planet. Knowledge production is used in highly strategic ways to provide justifications for development. .Criticism to World Bank Knowledge production: Development has relied exclusively on the Modern Western knowledge system.

issues of rights to food and land.Criticism to World Bank (Contd. Sovereign immunity: Immunity from responsibility. One percent of the World Bank's lending goes to the environmental sector. Environmental strategy: Lack of a proper overall vision and purpose.g. a shield which The World Bank wants to escape the accountability and security of the people. The World Bank forced many countries to privatize their water resources. says sociologist Michael Goldman. Have a limited focus on its own role in global and regional governance Have limited recognition of specific regional issues. e. and sustainable land use.) Water privatization: Indebted country cannot borrow capital from the World Bank or IMF without a domestic water privatization policy as a precondition. .

.Why world is NOT Approaching World Bank for Loans? Free market reform policies are often harmful to economic development if implemented in the wrong sequence or in weak. and cultural diversity. uncompetitive economies. The World Bank has been detrimental to the environment. One of the strongest criticisms of the World Bank has been the way in which it is governed.The World Bank has dual roles that are contradictory: that of a political organization and that of a practical organization. public health.

Iran. Criticism of the bank. and anti-developmental. Iraq.Why world is NOT Approaching World Bank for Loans? (Contd.) The World Bank has consistently pushed a neoliberal agenda. . The World Bank acts as an instrument for the promotion of US or Western interests in certain regions of the world. imposing policies on developing countries which have been damaging. that the President is always a citizen of the United States. such as Saudi Arabia. and Kuwait. nominated by the President of the United States (though subject to the "approval" of the other member countries). destructive.

The INSIDE Story The Ecuador story Saudi Arabia-Embargo The death of Panamanian leader Omar Torrijos The U. invasions of Panama and Iraq .S.

Evaluation of Measurable Gains From World Bank Reduction of Extreme Poverty and Hunger Universal Primary Education Promote Gender Equality and Empower Women Reduce Child Mortality Improve Maternal Health Combat HIV/AIDS. and Other Diseases Ensure Environmental Sustainability Develop a Global Partnership for Development . Malaria.

Reduction of Extreme Poverty and Hunger .

) .Reduction of Extreme Poverty and Hunger (Contd.

Universal Primary Education .

) .Universal Primary Education (Contd.

Promote Gender Equality and Empower Women .

) .Promote Gender Equality and Empower Women (Contd.

Reduce Child Mortality .

) .Reduce Child Mortality (Contd.

Improve Maternal Health .

) .Improve Maternal Health (Contd.

Combat HIV/AIDS. Malaria. and Other Diseases .

Malaria.Combat HIV/AIDS.) . and Other Diseases (Contd.

Ensure Environmental Sustainability .

) .Ensure Environmental Sustainability (Contd.

Develop a Global Partnership for Development .

Develop a Global Partnership for Development (Contd.) .

THE CONCLUSION .

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