Scribd
Upload
103 views17 pages

Worldbank

The World Bank was established in 1944 and is headquartered in Washington D.C. It provides low-interest loans, interest-free credits and grants to developing countries for projects focused on education, health, infrastructure, agriculture and more. The World Bank consists of two main institutions - the International Bank for Reconstruction and Development and the International Development Association. The IBRD lends to middle income countries while IDA focuses on the poorest countries. The World Bank uses income from bond sales to provide loans and credits to its 186 member countries to help promote economic development and reduce poverty.

Uploaded by

karan singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
103 views17 pages

Worldbank

The World Bank was established in 1944 and is headquartered in Washington D.C. It provides low-interest loans, interest-free credits and grants to developing countries for projects focused on education, health, infrastructure, agriculture and more. The World Bank consists of two main institutions - the International Bank for Reconstruction and Development and the International Development Association. The IBRD lends to middle income countries while IDA focuses on the poorest countries. The World Bank uses income from bond sales to provide loans and credits to its 186 member countries to help promote economic development and reduce poverty.

Uploaded by

karan singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 17

INTRODUCTION

The World Bank, established in 1944, is


headquartered in Washington, D.C
The World Bank is a vital source of financial
and technical assistance to developing
countries around the world.
Its mission is to fight poverty with passion
and professionalism for lasting results and to
help people help themselves and their
environment by providing resources, sharing
knowledge, building capacity and forging
partnerships in the public and private sectors.

CREATION
The Second World War damaged economies of the most of the
countries, particularly of those who were directly involved in the war.
The global war had completely dislocated the multilateral trade and
had caused massive destruction of life and property.
In 1945, it was realised to concentrate on reconstructing these war
affected countries. Besides, it was also given a thought to develop
underdeveloped economies in a planned way.
IBRD was established in December 1945 alongwith the IMF on the
basis of the recommendation of the Bretton Wood Conference. These
two organizations are called Bretton Wood Twins.
Delegates from a wide variety of countries attended the Bretton
Woods Conference, but the most powerful countries in attendance,
the United States and United Kingdom, mainly shaped negotiations.
IBRD started functioning in June 1946.

Overview

1.
2.

The World bank is made up of two unique development


institutions owned by 186 member countries:
International Bank for Reconstruction and Development
(IBRD)and the
International Development Association (IDA).
Each institution plays a different but collaborative role
in advancing the vision of inclusive and sustainable
globalization. The IBRD aims to reduce poverty in
middle-income and creditworthy poorer countries,
while IDA focuses on the world's poorest countries.

Overview

It provides low-interest loans, interest-free


credits and grants to developing countries
for various purposes that include
i. Investments In Education,
ii. Health,
iii. Public Administration,
iv. Infrastructure,
v. Financial And Private Sector Development,
vi. Agriculture,
vii. Environmental
and
natural
resource
management.

Organization
Its 186 member countries are shareholders.
The shareholders are represented by a Board of
Governors, who are the ultimate policy makers at the
World Bank.
Generally, the governors are member countries'
ministers of finance.
They meet once a year at the Annual Meetings of the
Boards of Governors.
France, Germany, Japan, U. K and the United States are
five largest shareholders
The President of the World Bank is Jim Yong Kin.

VOTING RIGHT
Voting right of members is determined on
the basis of their share in 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.

Members
Total member countries in each institution:
i. The International Bank for Reconstruction and
Development (IBRD): 186
ii.The International Development Association (IDA): 169
iii.The International Finance Corporation (IFC):182
iv.The Multilateral Investment Guarantee Agency (MIGA):
175
v. The International Centre for Settlement of Investment
Disputes (ICSID): 144

Operations
The World Bank's two closely affiliated
entitiesthe (IBRD) and the (IDA)provide
low or no interest loans (credits) and grants
to countries that have unfavorable or no
access to international credit markets.
It does not operate for profit. The IBRD is
market-based, and it uses its high credit
rating to pass the low interest it pays for
money on to its borrowersdeveloping
countries.

Fund Generation
IBRD lending to developing countries is
primarily financed by selling AAA-rated
bonds in the world's financial markets.
While IBRD earns a small margin on this
lending, the greater proportion of its
income comes from lending out its own
capital.

Loans

Through the IBRD and IDA, we offer two


basic types of loans and credits:
i. Investment operations:
Countries use
investment operations for goods, works and
services in support of economic and social
development projects in a broad range of
economic and social sectors.
ii. Development
policy
operations:
Development policy operations (formerly
known as adjustment loans) provide quickdisbursing financing to support a countrys
policy and institutional reforms.

Analytical & advisory services:


It provides analysis, advice and information to member countries
through:
i. Economic research and data collection on broad issues such as the
environment, poverty, trade and globalization;
ii. Country-specific, non-lending activities such as economic and sector
work, where it evaluates a country's economic prospects by examining
its banking systems and financial markets, trade, infrastructure and
poverty.
It draws upon the resources like wealth of contacts, knowledge,
information and experience to educate clients so they can equip
themselves to solve their development problems and promote
economic growth.
Its analyses, advice and knowledge are made available to client
countries, their government and development professionals, and the
public through
Poverty Assessments
Public Expenditure Reviews

Capacity building
Another core Bank function is to increase the capabilities of our
partners, the people in developing countries, and its own staff. It
has set up linkages to knowledge-sharing networks like:
Advisory Services and Ask Us help desks make information available
by topic via telephone, fax, email and the web.
Global Development Learning Network is an extensive network of
distance learning centers that uses advanced information and
communications technologies to connect people working in
development around the world.
Knowledge for Development offers policy advice to client countries
on economic and institutional regime, education, innovation, and
information and communication technologies (ICTs)
Capacity Development Resource Center is a repository of literature,
case studies, lessons learned.
B-SPAN is an Internet-based broadcasting station. The station
presents World Bank seminars, workshops and conferences on
sustainable development and poverty reduction via streaming video.

Key Activities
Poverty reduction and the sustainable growth in
the poorest countries, especially in Africa;
Solutions to the special challenges of post-conflict
countries and fragile states.
Development solutions with customized services
as well as financing for middle-income countries.
Regional and global issues that cross national
borders, climate change, infectious diseases, and
trade.
Pulling together the best global knowledge to
support development.

IMF vs. WORLD BANK


World Bank provides long-term loans for
promoting balanced economic development,
while IMF provides short-term loans to member
countries for eliminating BOP disequilibrium.
Both these institutions are complementary to
each other. Few economists have even
suggested that the two organizations should be
merged.

SUPPORT TO INDIA
India has been borrowing from the World Bank through IBRD and IDA for
various development projects in the area of poverty alleviations,
infrastructure, rural developments etc.
IDA funds are one of the most concessional external loans for GoI and are used
largely in social sector projects that contribute to the achievement of
Millennium Development Goals.
India has borrowed around US$ 65.8 billion from the World Bank so far.
In 1958, the Bank played an important role in establishing India Aid Club for
providing specific economic assistances to India. It has now been renamed as
India Development Forum.
International Development Association (IDA), an associate of World Bank is
known as the soft loan window of the Bank and was established on September
24, 1960.
During 1995-96 (June-July), India ranked first among the nations getting
assistance from IDA.

Thank You!
.

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy