THE WORLD

BANK
THE WORLD BANK
IBRD.IDA.WORLD BANK GROUP
BABITA (12200619)
AJIT KOUSHAL (12200807)
RAJVIR KAUR(12201182)
KONIKA (12201071)
DANISH (12201120)
TABLE OF
CONTENTS

• What is World Bank?

• Objective

• World Bank groups

• India and the world bank

• Criticism
 What is World Bank?

The World Bank Group is an international financial institution that provides loans and
.
grants to middle income countries

Formation Headquarters Official language

Arabic, Chinese, English,

July 1944, 70 years Washington D.C. French, Russian, Russian,
Spanish
 PRESIDENT
18 June 1946 – 4
December 1946, First
World Bank Group
president
David Malpass
an American economic
analyst

Eugene Meyer 9 April 2019–present

an American financier and

newspaper publisher
OBJECTIVES
• Reduce poverty
• Increasing shared prosperity
• Promoting sustainable
development
 WORLD BANK’S
TOP BORROWER’S
• Mexico
• Brazil
• Turkey TOP CONTRIBUTOR’S
• Pakistan
• China
• India • USA 16.39%
• Argentina • Japan 7.87%
• Germany 4.49%
• UK 4.30%
• France 4.30%
648 million people lived below the $2.15 per day poverty line in 2019
 World Bank Group

IBRD IDA
The International bank
The International
for reconstruction and
development
development
association

IFC MIGA ICSID

The International Centre
The International Multinational
For settlement of
Finance Corporation Investment Guarantee
Investment Disputes
Agency
 BRETTON WOODS CONFERENCE

• To recover the losses of World War 2, the BRETTON

WOODS AGREEMENT was signed in July 1944
• Two institutions were formed-
1) IMF
2)THE WORLD BANK
 The International Bank for
Reconstruction and Development

• Created in 1944
• 189 members
• To help Europe rebuild after World War II
• Provides loans at market rates of interest
to middle-income developing countries
and creditworthy lower-income countries
 The International Development
Association

• The IDA, founded in 1960

• provides interest-free long-term
loans, technical assistance,
• Policy advice to low-income
developing countries in areas such
as health, education, and rural
development
In Bangladesh - there are over
107,000 deaths annually
because of IAP, the prime cause
being traditional wood fired
stoves. An Improved Cook
Stoves (ICS) program has helped
install more than 1.6 million
cleaner.
 The International Finance
Corporation

• IFC is the largest global development institution focused on the private sector in
developing countries.
•   Since 1956, IFC has invested more than $321 billion in emerging markets and
developing economies.
 Multinational Investment Guarantee
Agency(MIGA)

MIGA provides political risk insurance and credit enhancement for

cross-border private sector investors and lenders.

In February 23, 2023, MIGA expects to grow to $300 million through

contributions from additional donors, Japan’s critical contribution of $23
million for Ukraine’s Reconstruction and economy trust fund.
 The International Centre for Settlement
of Investment Disputes

• which operates independently of the IBRD, and is responsible for the

settlement of investment disputes between foreign investors and their
host developing countries.
INDIA
AND
WORLD
BANK
• India was one of the 17 countries which met in June 1944
to prepare the agenda for the Bretton Woods conference.

• The name IBRD was first suggested by India to the drafting

committee.

• India is the single largest borrower of WB and IDA.

• The bank loan of $34 million was approved for the Indian
Railways.
The World Bank
Group’s
Response to the
COVID-19
Pandemic
 What does the World bank do today?

• $170 billion response to the food crisis as well as the war in Ukraine.
• $14 billion to help more than 100 countries respond to the health impacts of COVID-
19 and vaccinate their people.
• IBRD committed $33.1 billion, including support for more than 45 middle-income
countries.
• $300 million to help Türkiye scale up private sector investment in geothermal
energy.
• $50 million grant of additional financing for Tajikistan to mitigate food and nutrition
insecurity impacts on households and enhance the overall resilience of the agriculture
sector.

• A $315 million loan to support Chad, Ghana and Sierra Leone to increase their
preparedness against food insecurity and to improve the resilience of their food systems.

• The World Bank gives $1.78 billion in assistance to help relief and recovery efforts
following devastating earthquakes and aftershocks in Türkiye that have already resulted
in massive loss of life

• February 10, 2023- The World Bank Approves Initial $50 Million Grant to Help Repair
Transport Infrastructure in Ukraine.

• $793 million that will provide urgent and essential food, livelihood, and health services
to the people of Afghanistan.
 Implications of World Bank
• Helps in eliminating poverty
• Promote better education
• Gender equality
• Cause high debt in the countries
• Ignore the environmental and social
impact of projects
• It was started to reduce poverty but it
supports United States business
interests
THANK YOU
BABITA (12200619)
AJIT KOUSHAL (12200807)
RAJVIR KAUR(12201182)
KONIKA (12201071)
DANISH (12201120)