World bank group international trade


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World bank group international trade

  2. 2. WORLD Bank Group Name: World Bank Address: 1818 H Street, NW City: Washington, District of Columbia Country: United State Sector: Banking Motto: Working For a World Free of Poverty Type: International Organization Purpose: Crediting Founded: 27 Dec 1945 Membership: 188 Countries President: Jim Yong Kim Website:
  3. 3. World Bank Group The World Bank Group is an financial institute that provide loan to developing countries for capital programs The World Bank official goal is to Reduction of Poverty, all its decision must be guided by a commitment to the promotion of foreign investment trade and to the facilitation of capital investment. World Bank Group International Trade The World Bank Group support trade as a platform to sustainable growth and development. Through financial and technical assistance, we support developing countries in improving their global competitiveness. Our trade program aims to promote a global trading system that is more supportive of development integrate trade competitiveness into countries development strategies and encourage trade policy and trade facilitation reforms through effective aid for trade programs. The International Trade Department provides trade policy expertise and advisory service across the World Bank Group. Our role and responsibilities include. 1. Developing knowledge product with an operational perspective 2. Providing support to World Bank Group country/regional team in their trade programs 3. Forging effective partnership to advance a pro-development trade agenda 4. Disseminating knowledge on trade through training and learning activities 5. Briefing senior management on relevant trade issues in additional raises and manages trust funds that support an array of World Bank Group activities in developing countries worldwide.
  4. 4. World Bank Group Consist Five Organization The International Bank for Reconstruction and developmentlend to government of middle-income and creditworthy low-income countries. The International Development Association provides free-loan called credit and grant to government of the poorest countries The International Finance Corporation a member of the World Bank Group is the largest global development institution focused on exclusive on the private sector. The Multilateral Investment Guarantee Agency was created in 1988 as a member of the World Bank Group to promote Foreign Direct Investment into developing countries to support economic growth reduces poverty and improves people lives. The International Centre for Settlement of Investment Disputes provide international facilities for conciliation and arbitration of investment dispute
  5. 5. World Bank Trade Strategy Trade in fact is a powerful engine for economic growth and opportunity. Over the past three decades world trade grew twice as fast as global GDP. But even through many countries have benefited greatly from global integration the gains have distributed unequally both between countries and within them. In order to improve the inclusiveness of trade, and to promote its impact on reducing poverty and inequality the World Bank Group has prepared its first Trade Strategy to guide its work over the next decade. Endorsed this week by the Board of Executive Director, following a six-month public consultation process last year the strategy focuses on four pillars: 1. Trade competitiveness and diversification to support countries in developing policy environments conducive to nurturing private sector development, Job creation and sustainable poverty reduction. 2. Trade facilitation, transport logistic and trade finance to reduce the costs of moving goods internationally in terms of time, money and reliability. 3. Support for markets access and international trade co-operation to create larger integrated markets for goods and service. 4. Managing external shocks and promoting greater inclusion to make globalization more beneficial to poor household and lagging regions Multilateral Issues International Trade Rules the World Trade Organization provides the institutional and legal foundation for the multilateral trading system Market Access The current multilateral negotiations were launched in Doha, Qatar in 2001 as the Doha Development Agenda Rule of Origin ascertaining the country of origin of imported products is needed with preferential trade measures. Special and Differential Treatment the way in which countries at different level of development are treated in world trade is an important and controversial issue
  6. 6. Trade facilitation and Logistics As of February the World Bank was on track to spend $11.6 billion in fiscal year 2013 on trade related assistance to projects in developing countries. More than 50 percent of that money will dedicated to trade facilitation to project that improves the logistic and processes surrounding trade. This includes work that makes supply chains more efficient decreasing the time goods wait at borders and ports and increasing co-ordination within the public and private sector. It introduces computerized system and reduces paper work needed to trade products between countries Intellectual Property Rights Intellectual property rights are the right given to person over the creation of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time. 1. Copyrights and rights related to copyrights such as the right to authors of literary and artistic work 2. Industrials property such as industrial design, invention and trade secrets distinctive signs, in particular trade mark and geographical indication. The main social purpose of protection of intellectual property is to encourage and rewards creative work to stimulate and ensure fair competition One of the successes of the Uruguay Round of trade negotiation was the Agreement on Trade-Related aspects of Intellectual Property which came into effects on 1 January 1995 is to date most comprehensive multilateral agreement on intellectual property. The three main features of the Agreement are: Standards in respects of each of the main areas of intellectual property covered by the TRIPS Agreement. Enforcement. The second main set of provision deals with domestic procedures and remedies for the enforcement of intellectual property rights Dispute settlement. The Agreement makes disputes between WTO Members about the respects of the TRIPS obligation subject to the WTO dispute settlement procedures.
  7. 7. In Fiscal year 2013 the World Bank will spend $5.8 billion on trade facilitation projects including: 1. Customs and border management 2. Streamlining documentary requirements 3. Trade infrastructure investment 4. Port efficiency 5. Transport security 6. Logistics and transport services 7. Regional trade facilitation and trade corridors 8. Transit and multimodal transport World Bank Trade Facilitation Projects. Cameroon customs reform In Cameroon, a major focus of the World Bank‟s trade facilitation support is the Douala Port which also serves the country‟s landlocked neighbors Central African Republic and Chad. Currently goods coming through Douala and crossing Cameroon are subject to unnecessary delay and costs, making imports more expensive for the customers who buy them. The World Bank‟s efforts are giving impoverished communities better access to world markets and lower prices for consumers in two year a customer reform project in Cameroon led to a drop in the processing time of most shipping containers from 22 hours to less than two hours. It also reduced corruption and increased customs revenue by as much as 7 percent. A second project is helping the government of Cameroon Chad Central African republic and Congo to put in place a new simpler customs processing regime. A third is working on electronics payment system for small scale traders and a fourth is helping Cameroon combine all of its import-export processing in a single electronic interface or “Single Window”.
  8. 8. History of World Bank Group The World Bank Group is outcome of the Bretton Wood Conference held in 1944. A new institute is created at the Bretton Wood summit with the primary purpose of rebuilding Europe and improving agricultural production in nation with unmet economic potential, Twenty-Eight county sign an as founding member today 187 countries are member. It was launched alongside the International Monetary Fund in the presence of a number of important world delegates and many important policy makers from the USA and Britain. 1947 Rebuilding Europe first loan issued to France from $250 Million to rebuild infrastructure first bank field office are set up in Paris Copenhagen and Prague to ensure that fund from past-war reconstruction loan are property allocated 1948 Harnessing wild rivers independent India begins its first major water independent India begins its first major water project to tame the Damodar river formally known as the River Of Sorrow for its devastating floods power generation irrigation and sanitation project will be established with the bank financial support and technical assistance. 1960 Assistance for the world poorest International Development Assistance is established a part of the World Bank to reduce poverty by providing interest rate free credit & grants. Today IDA one of the largest source of assistance for the world 79 poorest countries and the largest single source of donor funds for basic social services in their countries 1964 Japan Bullet Train the most advanced railway project of its time is developing with $80 Million from the bank. The Tokyo-to-Osaka line carries the famous rapid bullet train expanded high-speed railway lines have since carried more than 6 billion passenger. 1971 Revving up the green relation the bank with a worldwide network of agricultural research Centre by establishing a scientific partner organization to
  9. 9. replicate the success of India and Mexico Massive agriculture production increase through technology adaptation help countries keep pace with the nutrition needs of rapidly growing population. 1975 Investing in the environment. The first World Bank loan targeted to improving the environment is signed with the government of Finland. The project includes investment in water pollution control particularly by the pulp and paper industry and research to improve the design and implementation of national programed for water pollution control. 1989 Stopping ozone damage the bank is named an implementing agency is the Montreal protocol which aim to phase out substance that deplete the ozone layer and threaten human health with UV exposure. By the end of 2006 bank project aimed at reducing ozone-depleting chemical is 25 developing countries will result is 69% phase-out the target is 95% phase-out by 2015. 1996 unleaded gasoline the World Bank plays a catalytic role in the worldwide phase-out of leaded gasoline and conversion to unleaded fuels to reduce health problem to lead. 2000 Cutting-Edge carbon finance the prototype carbon fund in launched as the first market based mechanized to address climate change and promote the transfer of finance and climate-friendly technology to developing countries. 2005 Revving Iraq the World Bank makes its first loan to Iraq in three decades by 2011 numerous gain have been made under difficulties condition including benefits from the agriculture education loan to rehabilitate 82 school for 57000 student. 2009 Recovering from natural disaster fire year after the Tsunami in Aceh, Indonesia total reconstruction near completion in the first year alone bank and government recovery effort rebuild more than 16000 hours for displaced person construct 335 new school and restore 235 kilometer of roads. 2011 Development data one year after the bank open vast-storehouse of data of the public about 100,000 people a week access thousands of free curated and searchable datasets or education poverty health water access and other indicator. The tradition of open data back to 1983 when the bank released the world debt tables.
  10. 10. Leadership World Bank Group On 23 march 2103 US President Barack Obama announced that the United States would nominate Jim Yong Kim as the president of the bank he was elected on 27 April 2012. The World Bank is like a cooperative, made up of 188 Member countries. There countries are shareholder is represent by a board of governor, who are the ultimate policy maker at the World Bank generally the governor are member countries minister of finance & minister of development They meet once in a year at the Annual meeting of the board of governor of the World Bank Group and the IMF. The Governor delegated specific duties to 25 Executive Director who work as site at the bank the FIVE largest shareholders: France Germany Japan United Kingdom United State World Bank Group President Jim Yong Kimchair meeting of the board of director and is responsible for overall management of the bank. The president is selected by the Board of Executive Director for five year renewable term. The World Bank operator day to day under the leadership and direction of the president management of seminar staff and the vice-president in charge of region, sector network and function.
  11. 11. President: Jim Yong Kim Managing Director: Caroline Anstey Managing Director and bank chief financial officer: Bertand Badre President special envoy on MDG and Financial Development: Mahmoud Mohieldin Chief Economist and senior vice-president: Kaushik Basu Senior vice-president change management: Pamela Cox Vice-President and Treasure: Madelyn Antoncic Vice-President and corporate security: Jorge Familiar Calderon Vice-President WBG HR: Sean McGrath Vice-president WBG external & cooperative relation: Cyril Muller Vice –President WBG Institute: Sanjay Pradhan Vice-President and WBG chief ethic officer: Xian Zhu Multilateral Investment Guarantee Agency (MIGA) Executive vice-president: Keiko Honda Vice-President Chief Operating Officer: Michel Wormser Director MIGA Asia Hub: Kevin Lu Director operating Group: Edith Quintrell Director Economic & Policy Group: Ravi Vistt
  12. 12. Chief Economist of World Bank: Kaushik Basu Mr. Kaushik Basu is senior vice-president for development economic and World Bank chief economist. He was recently the chief economic adviser to the government of India of the ministry of finance.Earlier Mr. Basu was professor of economics at the Delhi University (Delhi School of Economic) where in 1992 he founded the center for development economics in Delhi and was its first executive director. He is also a founding member of the Madras School of Economics Mr. Basu has also held visiting position at the institute for advanced study Princeton and lander school of economist where was distinguished visiting in 1993. Hollis B. Chenery- 1972-1982 Anne Oborn Krueger- 1982-1986 Stanley Fischer- 1988-1989 Lawrence Summers- 1991-1993 Michael Bruno- 1993-1996 Joseph E Stiglitz- 1997-2000 Nicholas Stern- 2000-2003 François Bourguignm- 2003-2007 Justin Yifu Lin- June 2008-June 2012
  13. 13. Martin Ravalli on- June 2012 (Acting Chief Economists) World Bank Member Country The organization that make up the World Bank Group are owned by the government of member nation which have the ultimate decision making power with I the organization an all matters including Policy, Finance , or Membership Issue. Member Country Govern the World Bank Group through the broadly governor and the board of executive director. These bodies make all major decision for the organization. To become of member of the Bank under the IBRD Article of agreement a country must first join the international monitory fund membership in IDA, IFC, & MIGA are conditional in IBRD. In tandem with IMF and in consultation with other World Bank Group staff the corporate the secretariat vice presidency coordinates the process for new membership and maintain the information relating of the status of membership which includes the membership list. The IBRD has 188 Member Countries while IDA has 172 Member, each member state of IBRD should be also a member of the IMF only member of IBRDare allowed to join other institution with in the Bank.
  14. 14. Afghanistan Albania Algeria Angola Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan The Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Ghana Greece Grenada Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon
  15. 15. Cape Verde Central African Republic Chad Chile China Colombia Comoros Democratic Republic of the Congo Republic of the Congo Costa Rica Côte d'Ivoire Croatia Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Fiji Finland France Gabon Gambia Georgia Germany Lesotho Liberia Libya Lithuania Luxembourg Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Mauritania Mauritius Mexico Federated States of Micronesia Moldova Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand Nicaragua Niger Nigeria Norway Oman
  16. 16. World Bank Group Poverty reduction Strategies For the poorest developing countries in the world the bank‟s assistance plans are based on Poverty Reduction Strategies: by combining a cross-section of local group with extensive analysis of the country‟s financial and economic situation the World Bank develops a strategy pertaining uniquely to the country. Forty-Five countries pledged US$ 25.1 Billion in “aid for the world poorest countries” aid that goes to the WorldBankInternational Development Association (IDA)which distributes the loan eighty poorest countries while wealthier nation sometimes fund their own aid project, including those for diseases, and although IDA is the recipient of criticism, Robert B. Zoellick, the former president of the World Banks aid when the loan were announced on 15 December 2007, that IDA money is the core funding that the poorest developing countries. World Bank organized Development Marketplace Award which is competitive grant program that surface and funds innovative, development project with high potential for development impact that are scalable and/or replicable. The grant beneficiaries are social enterprises with project that aim to deliver a range of social and public service to the most underserved low-income groups.
  17. 17. Global Partnership and Initiatives World Bank The World Bank primary partner in development is its client country government. However in recent year the bank has also strengthened its policy dialogues and project performance by involving a broad range of public and private shareholders in all aspect of its work particularly and environment issue. The bank has learned a vital lesson by strategies partnering with organization that are equally rich in experience, or better place to source participation from in- country stakeholder and local communities. It has built and continues to strength partnership with other multilateral development bank, United Nation agencies and bilateral donors, as well as with technically strong non-governmental organization (NGOs). Carbon Finance: The World Bank Carbon Finance Units initiatives are part of the larger global effort to combat climate, and go hand in hand with the World Bank and its environment department‟s mission to reduce poverty and improve living standards in the developing world. Clean Air Initiative: The Clean Air Initiatives is a partnership that advances innovative ways to improve the air quality in cities around the world by sharing knowledge and experience and facilities technical assistance for clean air planning. Global Environment Facility: The GEF is the financing mechanism for the key international environment agreements. As a GEF implementing agency, the World Bank identify prepare and implement projects that reduces poverty and benefit the local and global environment.
  18. 18. World Bank Institution Vision: Across the Global citizen and demanding accountability and transparency from their government and access to information and technology mobile phone and social media are multiplying opportunity for citizen to provide feedback transforming the way we do development this fast changing global environment is forcing the development community to adopt to do development differently. Strategy: The World Bank Institute support the World Bank operational and its country client in their rapidly changing landscape by forging new dynamic approach to capacity development World Bank Institute offer three area of support its: Open Knowledge: Connecting then to global knowledge Collaborating Governance:Helping them to mobilize for collecting action Innovative Solution: Scanning and incubating innovation to tackle key development challenges Thematic Area: World Bank Instituteapplies its new approach in seven thematic are: 1. Climate Change 2. Fragile and Conflict Affected states 3. Governance 4. Growth and Competitiveness 5. Health System 6. Public-Private Partnership 7. Urban
  19. 19. Global Development Learning Network World Bank Group: Initiated by the World Bank in June 2000 the Global Development Learning Network is a global partnership of more than 100 learning center that offer the use of advanced information and communication technology to people working in development around world Through Videoconference high-speed internet resources and interactive facilities and learning technique GDLN affiliates enable their client to hold coordination consultation and training event in a timely and cost- efficiency. GDLN client include academic institution offering distance learning courses and development issues development agencies seeking dialogues with key partner across the globe government agencies discussing policy with counter-part in other countries and non-governmental organization coordinating with their partner worldwide. GDLN affiliates facilities 1000 Videoconference based activities a year as behalf of their clients reaching same 90,000 people worldwide. Most of these activities bring together participants in two or more countries over a series of sessions. A majority of GDLN activities are organized by small government agencies and NGOs. The GDLN Standards This affiliation facilities GDLN‟s commitment to continue to grow into a quality development learning network that is attractive for both clients and affiliation Opening up the network for new Affiliation and stimulating interaction in the network will ultimately generate more business opportunity for the Affiliates to reach this all GDLN Affiliation (Exist and New) commit themselves to.
  20. 20. GDLN ASIA Pacific The GDLN in the East Asia and Pacific region has experienced rapids growth and distance learning center new operates or age placed in 20 Countries: 1. Australia 2. Mongolia 3. Cambodia 4. China 5. Indonesia 6. Singapore 7. Philippines 8. Sri Lanka 9. Japan 10. Papua New Guinea 11. South Korea 12. Thailand 13. Laos 14. Timer Lester 15. Fiji 16. Afghanistan 17. Bangladesh 18. India 19. Nepal 20. New Zealand With over 180 Distance Learning Center it is largest development learning network in the Asia and Pacific region. The secretariat office of GDLN Asia pacific in located in the center of academic resources of Chulalongkorn University Bangkok and Thailand GDLN Asia Pacific was launched at the GDLN East Asia and pacific regional meeting held in Bangkok from 22 to 24 may 2006 its vision to become the premier network exchanging idea experience and know-how across the Asia pacific region GDLN ASIA Pacific is a separate entity to the World Bank it has endorsed its own charter and Business plan and in accordance with charter a GDLN Asia Pacific governing committee has been appointed.
  21. 21. Justice Sector Peer-Assisted Learning “JUSTPAL” JUSTPAL Network was launched in April 2011 by Poverty Reduction and economic management department of World Bank Europe and central Asia region. The JUSTPAL Objectives is to provide as online and offline platform for Justice professional to exchange knowledge good practice and peer-driven improvement to justice system and there by support countries improves there justices sector performance quality of justice and services delivery to citizen and business. The JUSTPAL Network includes representative of Judiciaries, Ministries, of justice prosecutor anti-corruption agencies and other justice related entities from across the global. The network currently has active member from more than 50 Countries. To Facilities fruitful exchange of reform experience and sharing applicable and practices the JUSTPAL Network has organized to activities under five communities of practices. 1. Budgeting for the Justice Sector 2. Information System for Justice Service 3. Justice Sector Physical Infrastructure 4. Court Management and Administrative 5. Prosecution and Anti-Corruption Country Assistance Strategy World Bank: The World Bank prepares a Country Assistance Strategy (CAS)for active barrowers from the International Development Association (IDA) and the International Bank for Reconstruction & Development (IBRD). The CAS takes as its starting point the country own vision for its development as defined is poverty
  22. 22. reduction strategy paper or order country authorized civil society organization development partners and other stakeholder. The purpose of CAS is to set auto selective program of World Bank Group support linked to the country development strategy and based on the bank group comparative advantage is the context of others donor activities CAS are designed to promote collaboration and co- ordination among development pointer is a country. The CAS includes a comprehensive diagnosis drawing an analytic work by the bank the government and/or other partner of the development challenge facing the country including the incidence, trends and causes of poverty. The CAS identifying the key area where the bank group‟s assistance can have the biggest impact as poverty reduction it includes a framework of clear targets and indicator to monitor Bank Group and country performance in achieving stated outcomes. United Nation Development Business World Bank Group: The United Nation Development of public information launched development business in 1978 with the support of the World Bank African Development Bank Asian Development Bank Caribbean Development Bank Inter-American Development Bank Development Business was initially a part of its parent publication called development forum which was a platform for government and other entities to express ideas as issue and challenges in the international and economic environment. Based on agreement between the United Nation and the World Bank in 1981, Development business becomes the official sources of World Bank Procurement notice contact Awards and project Approved 1988, the agreement was re- negotiated and included in their agreement was joint venture to create as electronic version of the publication via the world wide today development business in the primary publication for all major multinational development bank united nation agencies and several national government many of whom have made the publication of their tenders and contract is development business a mandatory requirement.
  23. 23. CRITICISM World Bank: The World Bank has long been criticized by non-governmental organization such as the indigenous right group survival international and academic includes its farmer Chief Economist Joseph Stieglitzwho is equally critical of the International Monetary Fund (IMF) the US treasury department US and Other developed country trade negotiators a number of intellectual is developing countries have argued that the World Bank is deeply implicated on contersparay mode of donor and NGOs imperialism and that its intellectual contributes function to the poor for their condition. One of the strongest CRITICISM of the World Bank has been the way in which it is governed while the World Bank represent 188 Countries it is run by small number of economically powerful countries these countries choose the leadership and senior management of the World Bank and so their interest dominates the bank. It has been suggested that the World Bank is an instrument for the promotion of US has a vote western interest is certain region of the World BankCRITICISM of the Bank that the president is always a citizen of the United States nominated by the president of US.