The World Bank is an international organization owned by 185 member countries that provides financial and technical assistance to developing countries for programs aimed at reducing poverty. It was established in 1944 to help rebuild Europe after World War II and has since expanded its mission to worldwide poverty alleviation. The World Bank consists of five institutions: the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes.
2. WORLD BANK INTRODUCTION
The world bank is an internationally supported bank that provides
financial and technical assistance to developing countries for
development programs (e.g. bridges, roads, schools)with the stated
goal of reducing poverty.
President :- Robert B. Zoellick
Membership :- 185 countries
Affiliates :- IFC, MIGA, ICSID
Headquarters :- Washington, DC
more than 100 country Staff :- about 10000 all over the world
Established :- July 1,1944
4. HISTORY
The world bank is one of the two Breton Woods Institutions which were
created in 1944 to rebuild a war torn Europe after World War II .
Since inception in 1944, the World Bank has expanded from a single
institution to a closely associated group of five development institutions.
Their mission evolved from the International Bank for Reconstruction and
Development (IBRD)
Development to the present-day mandate of worldwide poverty alleviation in
close coordination with their affiliate.
the International Development Association, and other members of the World
Bank Groups
International Bank of Reconstruction and development (IBRD)
International Development Association(IDA)
International Finance Corporation(IFC)
Multilateral Investment Guarantee Agency(MIGA)
International Centre for Settlement of Investment Disputes
5. Membership of world bank
The organizations that make up the World Bank Group are owned by
the governments of member nations, which have the ultimate decision-
making power within the organizations on all matters, including policy,
financial or membership issues.
Member countries govern the World Bank Group through the Boards of
Governors and the Boards of Executive Directors. These bodies make
all major decisions for the organizations.
To become a member of the Bank, under the IBRD Articles of
Agreement, a country must first join the International Monetary
Fund (IMF). Membership in IDA, IFC and MIGA are conditional on
membership in IBRD.
6. NEED OF WORLD BANK
BUILD
CAPACIT
Y
CREATE
INFRA
STRUCTU
RE
DEVELOP
FINANCIA
L SYSTEM
COMBAT
CORRUPT
ION
7. OPERATIONS
Fund generation
Grants
Analytic & Advisory Services
Capacity building
Granting reconstruction & development loans
Providing loans to governments & private concerns
Promoting foreign investment
Providing technical, economic and monetary advice
Encouraging industrial development
9. AREA OF OPERATION
Agriculture and Rural Development
Economic policy
Education
Energy
Environment
Financial sector
Health, nutrition and population industry
Information, computing and telecommunication
Law and justice
Private sector
Social protection
Trade
Water resources
Water supply and sanitation
10. SUPPORT TO INDIA
India is home to over one-quarter of the world’s poor,
and the World Bank Group is focused on sharing best
practices as well as financing for development as a part
of its mission to help reduce global poverty.
11. 5 PRIORITIES OF WORLD BANK
World bank provides the largest external funds for education.
It is a big support in reducing poverty.
It provides fund for biodiversity projects.
it helps to bring clean water, electricity, and transport to poor
people.
It helps in controlling emerging conflicts.