1. AND
ITS FUNCTIONS

2. INTRODUCTION OF WORLD BANK
GROUP
Established in 1944
Headquarter – Washington D.C.,U.S.A.
Founded: July 1944
CEO: Sri Mulyani Indrawati, Caroline Anstey
Founders: John Maynard Keynes, Harry Dexter White
Recent posts
Affiliates-IBRD,IDA IFC,MIGA etc
188 countries
[1]
(IBRD)
172 countries (IDA)
PresidentJim Yong Kim ( world Bank Group)

3. The World Bank should not be confused with
the World Bank Group, which comprises the World
Bank, the International Finance Corporation (IFC),
the Multilateral Investment Guarantee
Agency (MIGA), and the International Centre for
Settlement of Investment Disputes(ICSID)

4. PURPOSE OF WORLD BANK
Provides low-interest loans, interest-
free credits and grants to developing
countries.
Its loans are usually invested in
education, health and infrastructure.
Loans can also be used to modernize a
country financial sector, agriculture and
natural resource management.

5. IBRD
(International bank for reconstruction and development)
ORIGINAL MISSION OF IBRD
 Finance the reconstruction of nations devasted by
WORLD WAR II
EXPANDED MISSION
To fight poverty by means of financing state
Operation maintained through payments as
regulated by member states.
Provides loans to
Government
Public enterprises

6. IDA
(International Development Association)
IDA was created on sept 24 , 1960
It provides long term and interest-free loans
to the worlds 80 poorest, 39 of which are in Africa
Provides loans to
Primary education
 Basic health services
Clean water supply & sanitation
Environmental safeguards
Business –climate improvements
Infrastructure & institutional reforms

7. IFC (International financial corporation)
INTRODUCTION
ESTABLISHED IN- JULY 1956
HEADQUARTER – WASHINGTON DC
MEMBER COUNTRIES – 182 members
EXECUTIVE VICE PRESIDENT AND
CEO –LARS THUNELL

8. OBJECTIVES:
To provide finance assistance to
less developed countries.
To provide advisory service to
member countries.
To contributes for the economic
development of less developed
countries.

9. ASSISTANCE TO THE
MEMBER COUNTRIES
Direct investment
Foreign and local capital
Technical assistance
Capital market development
Help to small-scale industries

10. Multilateral Investment Guarantee
Agency
(MIGA)
Mission: Promoting foreign direct investments to
improve people’s lives and reduce poverty
Provides political risk insurance (guarantees) to
investors and lenders
Established in 1988
First guarantee in power issued in 1994

11. MIGA achieved good overall outcomes
Helped resolve power shortages
Induced further private sector investments
Contributed to improving living standards
Since its inception, MIGA has supported 159
projects in 24 conflict affected countries with
guarantees totaling $2.9 billion

12. ICSID
ICSID is an autonomous international institution
established under the Convention on the Settlement of
Investment Disputes between States and Nationals of
Other States (the ICSID or the Washington
Convention) with over one hundred and forty member
States.

13. ICSID CONVENTION, REGULATIONS
AND RULES
 The dispute must be between an ICSID Contracting State
and an individual or company that qualifies as a national of
another ICSID Contracting State.
 The dispute must qualify as a legal dispute arising directly
out of an investment.
 The disputing parties must have consented in writing to
the submission of their dispute to ICSID arbitration or
conciliation.

14. ICSID Additional Facility Rules
Conciliation and arbitration proceedings for the
settlement of disputes arising directly out of an
investment where either the State party or the home
State of the foreign national is not an ICSID
Contracting State.
Conciliation and arbitration proceedings between
parties at least one of which is a Contracting State or a
national of a Contracting State for the settlement of
disputes that do not directly arise out of an
investment.

15. VENUES FOR ICSID PROCEEDINGS
Permanent Court of Arbitration at The Hague;
Australian Commercial Disputes Centre at Sydney;
German Institution of Arbitration.
Singapore International Arbitration Centre;