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Presentation On World Bank: Giridhar Katti

The World Bank is an international financial institution established in 1944 to finance post-World War II reconstruction and development projects. It has since expanded to provide loans, grants, and technical assistance to developing countries in areas such as education, health, infrastructure, and poverty reduction. The World Bank is governed by member countries but run day-to-day by the President and staff. It funds development projects through the sale of bonds, shareholder dues, and donor contributions that are replenished every three years.

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90 views22 pages

Presentation On World Bank: Giridhar Katti

The World Bank is an international financial institution established in 1944 to finance post-World War II reconstruction and development projects. It has since expanded to provide loans, grants, and technical assistance to developing countries in areas such as education, health, infrastructure, and poverty reduction. The World Bank is governed by member countries but run day-to-day by the President and staff. It funds development projects through the sale of bonds, shareholder dues, and donor contributions that are replenished every three years.

Uploaded by

Aryan
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Presentation on world bank

Presented By
GIRIDHAR KATTI
MBA-12-10
Central University of Karnataka
The World Bank (WB)
The World Bank is an international financial
institution that provides financial and technical
assistance to developing countries for
development programs
Headquarters:
Washington, DC, and more than 100 country
offices
Established:
July 1, 1944 during a conference of 44
countries in Bretton
WB mission is to
Woods,
Reduce poverty in the globe
Improve the living standard
The World Bank (WB)
WB provides low-interest loans, interest-free credit
and grants (Grants are designed to facilitate
development projects by encouraging innovation, co-
operation between organizations and local
stakeholders’ participation in projects) to developing
countries
These loans are for education, health, infrastructure,
communications and many other purposes.
Unlike other financial institutions, WB does not
operate for profit.
Objective and Function

Provide assistance to developing countries

Promote the economic development of the world's


poorer countries

Finance the poorest developing countries whose per


capita GNP is less than $865 a year special financial
assistance through the International Development
Association (IDA).
The Bank offers two basic types of
loans:
Investment loans: Support of economic
and social development projects

Development policy loans: Quick


disbursing finance to support countries
World Bank Associations
The World Bank's two closely affiliated entities
1. The International Bank for Reconstruction and
Development (IBRD)
2. The International Development Association (IDA
In addition to the IBRD and the IDA, three other
institutions are closely associated with the World Bank:
1. The International Finance Corporation (IFC),
2. The Multilateral Investment Guarantee Agency (MIGA),
and
3. The International Centre for Settlement of Investment
Disputes (ICSID).
All five of these institutions together make up the World
Bank Group.
International Bank for Reconstruction
and Development(IBRD)
Founded in 1944 at the Bretton Woods Conference
to finance the reconstruction of countries affected by
WWII
help with development of impoverished nations
World Bank’s central institution
181 member countries
Lends to countries with relatively high per capita
incomes
Money is used for:
development projects (i.e. highways, schools)
Provides technical assistance in projects
International Development Association(IDA)

Established in 1960
assist the poorest developing countries
lends to countries with annual per capita incomes of
about $800 or less
It’s loans are knows as “credits”
161 members
International Finance Corporation(IFC)

Established in 1956 to reduce poverty and improve people's


lives in an environmentally and socially responsible manner

174 members

Finances private sector investments, mobilizes capital in


international financial markets, and provides technical
assistance and advice to governments and businesses

Provides both loan and equity finance for business ventures


in developing countries
Multilateral Investment Guarantee Agency(MIGA)

Established in 1988

Helps developing countries attract foreign


investment
Provides investment marketing services and legal
advisory services to its members

152 members
International Center for the Settlement of
Investment Disputes(ICSID)
Established in 1966 to promote increased flow of
international investment

Provides facilities for the reconciliation of disputes


between governments and foreign investors

131 members
The World Bank (WB)
WB focuses on achievement of the Millennium
Development Goals that call for the elimination of
poverty and sustained development.
Millennium Development Goals based on Five key factors:
Build capacity
Infrastructure creation
Development of Financial Systems
Combating corruption
Research, Consultancy and Training.
Areas of operation
Agriculture and Rural International Economics and
Development Trade
Conflict and Development Labor and Social Protections
Development Operations and Law and Justice
Activities Macroeconomic and Economic
Economic Policy Growth
Education Mining
Energy Poverty Reduction
Environment Poverty
Financial Sector Private Sector
Gender Public Sector Governance
Governance Rural Development
Health, Nutrition and Social Development
Population Social Protection
Industry Trade
Information and Transport
Communication Technologies Urban Development
Information, Computing and Water Resources
Telecommunications Water Supply and Sanitation
How is World Bank Run?
The World Bank is like a cooperative, where its 184 member
countries are shareholders. The shareholders are represented by a
Board of Governors, who are the ultimate policy makers at the
World Bank.
The governors are member countries' ministers of finance or
ministers of development.
They meet once a year at the Annual Meetings of the Boards of
Governors of the World Bank Group and the International
Monetary Fund.
Because the governors only meet annually, they delegate specific
duties to 24 Executive Directors, who work on-site at the bank.
How is World Bank Run?
The five largest shareholders, France, Germany,
Japan, the United Kingdom and the United States
appoint an executive director,
The other member countries are represented by 19
executive directors.
The President is elected by the Board of Governors for a five-
year, renewable term.
How is World Bank Run?
The executive directors make the boards of directors of
the world bank.
They normally meet at least twice a week to oversee the
bank's business,
Including approval of loans and
Approve guarantees,
New policies,
Country assistance strategies and borrowing and financial
decisions.
The world bank operates day-to-day under the leadership
and direction of the president, management and senior
staff, and the vice presidents in charge of regions, sectors,
networks and functions
Where Does the Money Come from to Operate the
World Bank

IBRD lending to developing countries is primarily financed by


selling AAA-rated bonds in the world's financial markets.
The greater proportion of its income comes from lending out its own
capital.
This capital consists of reserves built up over the years and money
paid in from the bank's 184 member country shareholders.
IBRD’s income also pays for world bank operating expenses and has
contributed to IDA and debt relief.
CONT…
IDA is the world's largest source of interest-free
loans and grant assistance to the poorest countries.
This source is replenished every three years by 40
donor countries.
Additional funds are regenerated through
repayments of
loan principal on 35-to-40-year,
no-interest loans, which are then available for re-lending.
IDA accounts for nearly 40% of our lending
What is World Bank Now?
Last year, the World Bank provided $23.6 billion for
279 projects in developing countries worldwide, with
the financial and/or technical expertise aimed at
helping those countries reduce poverty.
The bank is currently involved in more than 1,800
projects in virtually every sector and developing
country.
There are more than 63,000 donor-funded
development projects worldwide, each governed by
countless demands, guidelines and procedures
designed to protect the project and ensure that aid gets
to the poor.
Summary
Since inception in 1944, the World Bank has expanded from a
single institution to a closely associated group of five
development institutions.
Our mission evolved from the IBRD as facilitator of post-war
reconstruction and development to the present day mandate of
worldwide poverty alleviation in conjunction with our affiliate,
the International Development Association.
Once we had a homogeneous staff of engineers and financial
analysts, based solely in Washington, DC. Today, we have a
multidisciplinary and diverse staff that includes economists,
public policy experts, sector experts and social scientists, and
30% of our staff is now based in country offices.
Summary
Reconstruction remains an important focus of our
work, given the natural disasters and post conflict
rehabilitation needs that affect developing and
transition economies.
We have, however, broadened our portfolio's focus to
include social sector lending projects, poverty
alleviation, debt relief and good governance. At
today's World Bank, we have sharpened our focus on
poverty reduction as the overarching goal of all our
work.
For more on the world bank visit:
www.worldbank.org

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