2. World Bank is an internationally supported
bank that provides financial and technical
assistance to developing countries with the
stated goal of reducing poverty.
3. President : Jim Yong Kim
Membership: 185 countries
Affiliates: IFC, MIGA, ICSID
Head quarters: Washington, DC and more
than 100 country staff about 10000 all over
the world.
4. The world bank was conceived in 1944 to
finance postwar reconstruction of Europe.
Today it includes five institutions:
1. International Bank for Reconstruction and
Development(IBRD).
2. International Development Association(IDA)
3. International Finance Corp.(IFC)
5. 4. Multilateral Investment Guarantee
Agency(MIGA).
5. International Center for the settlement of
investment disputes(ICSID).
9. IBRD lending to developing countries is
financed by selling AAA-rated bonds.
IDA is the world’s largest source of interest
free loans and grant assistance to the poorest
countries.
11. Relieve the debt burden of heavily indebted
poor countries.
Improve sanitation and water supplies.
Support vaccination and immunization
programs to reduce incidence of
communicable disease.
Combat the HIV pandemic.
Support civil society organizations.
12. Poverty Assessments
Public Expenditure Reviews
Country Economic Memoranda
Social and Structural Reviews.
Sector Reports
Topics in Development.
13. Advisory Services.
Global Development and Learning Network.
World Bank institutes Global and Regional
Programs.
14. India is home to over one-quarter of the
world’s poor, and the World Bank Group is
the focused on sharing best practices as well
as financing for the development as part of
its mission to help reduce global poverty.
