Presented by
Presentation Md. Ashiq Abdullah – 1810085109
on Md. Mehedi Hasan – 1810085112
IBRD Mustakimus Samad Tacik – 1810085124
Md. Mahadi Hasan - 1810085136
World Bank
The world bank is an International
organization dedicated to provide
financing, advice and research to
developing nations to aid economic
advancement.
History of IBRD
Objectives of World Bank
1. To end extreme poverty by reducing the 2. To support the developing nations so that
percentage of people, living on less than 1.90$ its population comes out of poverty.
per day.
The International Bank for
Reconstruction and Development was
set up as a result of the decision taken
in Bretton Woods Conference New
Hampshire.
History of The conference was held in July 1944
IBRD and attended by 44 nations.
There it was decided to set up two
organizations
01. I.M.F.
02. I.B.R.D.
When I.B.R.D.
was Set Up?
The I.B.R.D. was set up on December 27, 1945.
When its Articles of Agreement was signed by
29 members Government in Washington.
On 30th June 1996, 185 countries were its
members.
The I.B.R.D. was started with an
authorized capital of $ 10 billion
divided into 1,00,000 shares of $
1,00,000
On 30th June 1988, the authorized
Capital Capital Stock of the I.B.R.D.
Comprised 7,16,500 authorized
Structure
Shares of the par value of S.D.R.
(Special Drawing Rights) 1,00,000
each.
In July 1994, the total authorized
bank capital was $ 185 billion with
a capital increase of $ 9.3 billion.
Organizational Structure
of IBRD
General
Organizational
Structure
IBRD’s decision-making structure
consists of the Board of
Governors, Executive Directors,
the President, Management, and
staff.
Diagram of Organizational Structure
of IBRD
All powers of the Bank
are vested in its Board of
Governors, composed of
one governor and one
alternate from each
member state. Ministers
of Finance, central bank
presidents, or persons of
comparable status
usually represent
member states on the
Bank's Board of
Governors. The board
meets annually.
BOARD OF
GOVERNORS
BOARD OF
EXECUTIVE Executive Directors (or
DIRECTORS Alternates) fulfill a dual
function, as officials of
the Bank and as
representatives of the
member country or
countries that
appointed or elected
them. The Executive
Directors are
responsible for
conducting the day-to-
day business of the
World Bank.
PRESIDENT
The president of the Bank,
elected by the executive
directors, is also their
chairman, although he is not
entitled to a vote, except in
case of an equal division.
Subject to their general
direction, the president is
responsible for the conduct of
the ordinary business of the
Bank.
Audit
Committee
The Audit Committee
consists of eight Executive
Directors. Membership in
the Committee is
determined by the Board,
based on nominations by
the Chairman of the Board,
following informal
consultation with Executive
Directors.
Budget
Committee
Budget Committee Assists the
Board in approving the World
Bank’s budget and in
overseeing the preparation
and execution of IBRD’s
business plans. The committee
provides guidance to
management on strategic
directions of IBRD.
Human Resources Committee
strengthens the efficiency and
Human effectiveness of the Board in
discharging its oversight
Resources responsibility on the World
Bank’s human resources
Committee strategy, policies and practices,
and their alignment with the
business needs of the
organization.
Committee on Development
Committee on Effectiveness supports the Board in
assessing IBRD’s development
Development effectiveness, providing guidance on
strategic directions of IBRD,
Effectiveness monitoring the quality and results of
operations.
Committee on
Governance and
Executive
Directors’
Administrative Committee on Governance and
Matters Executive Directors’
Administrative Matters - assists
the Board on issues related to
the governance of IBRD, the
Board’s own effectiveness, and
the administrative policy
applicable to Executive
Directors’ offices.
Function
Of IBRD
1. To assist in the development and
reconstruction of its member country
2. To promote private Foreign
Investment
3. Granting Reconstructions load to
war devastated country
4. Aim to reduce poverty in middle income
and creditworthy poorer country
5. Providing loan for specific
project
6. Providing technical, economic and monetary advice
to member countries for specific project
7. IBRD finance in social program
Criticisms of
IBRD
IBRD and the World Bank
The World
Bank Group
The World
IFC MIGA ICSID
Bank
IBRD IDA
Main Criticisms
High interest rate Very low amount of aid
Even though IBDR’s objective is to help It is said that IBRD has failed to meet the
remove poverty around the world their financial needs of the developing
interest rates are relatively and in countries fully. As their aids account for
current times it can go as high as 9%. only a very small proportion of the total
capital requirements for their economic
and social uplift.
Main Criticisms
Faulty lending procedure Discriminatory Hard conditionality
The lending procedure of the bank The Bank has also been criticized The introduction of SAF and ESAF
is faulty because it lays emphasis for being discriminatory in its has made the loan terms tighter.
on the repaying capacity of the purpose-wise and region-wise
borrowing country before granting assistance to its members. It is also
any loan. noticeable in their interest rate
variation from country to country.
“The IBRD aims to reduce poverty For example: Ghana – 8.09%,
in middle-income countries and Syria – 8.05%, Norway – 5.25%,
creditworthy poorer countries by Egypt 3.9%, South Africa 3.8%
promoting sustainable
development through loans,
guarantees, risk management
products, and analytical and
advisory services.” – From the
brochure of The World Bank.
Other critics of IBRD & World Bank
Democratic Governance Human Rights Environment
Structural under- Restricting the macroeconomic Unsustainable Growth-based
representation of the Global environment for human rights model
South Causing major harms through Continued fossil fuel
Undermining democratic development projects investments
ownership Lacking evidence for positive Focus on mega-projects
Biased and inconsistent impacts Forests
decision-making
THANK
YOU
