World Bank and its projects in Pakistan

1. World Bank and Pakistan

2. Submitted To:
Sir Mudassar Naushahi
Submitted by:
Fatima Abdullah M16BBA010
Benish Haroon M16BBA013
Navishta Afzal M16BBA026
Parsa syed M16BBA002
Seema Akhtar M15BBA063

3. World bank Group made up of 5 different
organization
1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC)
4. Multilateral Investment Guarantee Agency (MIGA)
5. International Centre for Settlement of Investment Disputes (ICSID)

4. Introduction
 World Bank is an international financial institution that provides loans to developing countries.
 The World Bank is a component of the World Bank Group.
 Member of the United Nations Development Group.
 The World Bank's official goal is the reduction of poverty.
 World Bank established in 1944.

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 Since World Bank has lent and given grants and credits worth $400 billion.
 Its money is spent on specific projects such as freeways and dams.
 In world Bank there are 25 members of Board of Directors.
 The Bank has more than 10,000 employees from over 160 countries.

6. Who Runs the World Bank?
• Traditionally, the President of the Bank has always been a US citizen nominated
by the United States.
• Jim Yong Kim was elected on 27 April 2012

7. Vision & mission of the World Bank
 End extreme poverty
 Promote shared prosperity

8. International Bank for Reconstruction and
Development
Formation 1945
Type Development Finance institution
Legal status Treaty
Purpose Development assistance , poverty reduction
Headquarters Washington, D.C., United States
Memberships 188 countries
President Jim yong Kim
Parent Organization World Bank Group
Website Worldbank.org/Ibrd

9. International Development Association
Formation 1960
Type Development Finance institution
Legal status Treaty
Purpose Development assistance , poverty reduction
Headquarters Washington, D.C., United States
Memberships 172 countries
President Jim yong Kim
Parent Organization World Bank Group
Website Worldbank.org/Ida

10. International Finance Corporation
Formation July 24, 1956
Type Development Finance institution
Legal status Treaty
Purpose Private Sector Development , poverty reduction
Headquarters Washington, D.C., United States
Memberships 184 countries
Executive vice President and CEO Jin-Yong cai
Parent Organization World Bank Group
Website Ifc.org

11. Multilateral Investment Guarantee
Agency
Formation 1988
Type Development Finance institution
Legal status Treaty
Purpose Political Risk Assurance , foreign direct
Headquarters Washington, D.C., United States
Memberships 181 countries
Executive vice President and CEO Keiko Honda
Parent Organization World Bank Group
Website miga.org

12. International Centre for Settlement of
Investment Disputes
Formation 1966
Type Dispute resolution organisation
Legal status Treaty
Purpose International arbitration
Headquarters Washington, D.C., United States
Memberships 159 countries
Security General Meg Kinnear
Parent Organization World Bank Group
Website Icsid.worldbank.org

13. Capital Resources of World Bank:
 The initial authorized capital of the World Bank was $ 10,000 million.
 On June 30, 1996, the authorized capital of the Bank was
$ 188 billion out of which $ 180.6 billion (96% of total
authorized capital) was issued to member countries in the
form of shares.

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 Member countries repay the share amount to the World
Bank in the following ways:
 2% of allotted share are repaid in gold, US dollar or Special Drawing Rights (SDR).
 Every member country is free to repay 18% of its capital
share in its own currency.
 The remaining 80% share deposited by the member
country only on demand by the World Bank.

15. CONTRIBUTIONS BY NATIONS
COUNTRY RATES %
 U.S.A 16.39
 Japan 7.87
 Germany 4.49
 U.K 4.30
 France 4.30

16. WORLD BANK LOANS DISTRIBUTION
 WORLD’S BANK TOP 7 BORROWERS
1 MEXICO
2 BRAZIL
3 TURKEY
4 PAKISTAN
5 CHINA
6 INDIA
7 ARGENTINA

17. Functions of World Bank:
 World Bank provides various technical services to the
member countries. For this purpose, the Bank has
established “The Economic Development Institute” and a
Staff College in Washington.
 Bank can grant loans to a member country up to 20% of its
share in the paid-up capital.
 The quantities of loans, interest rate and terms and
conditions are determined by the Bank itself.

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 Generally, Bank grants loans for a particular project duly
submitted to the Bank by the member country
 The debtor nation has to repay either in reserve Currencies or in the currency in which the loan
was sanctioned.
 Bank also provides loan to private investors belonging to
member countries on its own guarantee, but for this loan
private investors have to seek prior permission from those
counties where this amount will be collected

19. Objectives of world Bank:
 Reconstruction and development
 Encouragement to international trade
 Environmental protection
 Develops infrastructure facilities
 Establishment of projects in backward
areas

20. World bank and pakistan
Pakistan became a member of the world bank in 1950 and began to borrowing
from the IBRD ( international bank for reconstruction and development) in 1952
and from IDA ( international development association)In 1962

21. Main role of the world bank in Pakistan
 sustaining high and broad based growth, and
improving competitiveness
 improving governance
 improving lives and protecting the vulnerable

22. Federal level
The world bank support
 Encouraging economic growth
 Employment generation
 Government poverty reduction

23. Provincial level
 The world bank take the following at the provincial
level to Punjab, KPK , Sindh And Balochistan to help Improve
 irrigation
 Education
 Human development

24. Projects of world bank in pakistan
 Active projects 47
 Closed projects 275
 Dropped projects 32
 Projects in Pipeline 7

25. Total investment by the world bank in
Pakistan

26. Sindh Global Partnership for Education
Project
 Project ID P146451
 Country Pakistan
 Region South Asia
 Status closed
 Approval Date (as of board April 2, 2015
presentation)
 Closing Date September 29, 2017
 Total Project Cost** US$ 8293.40 million
 Total project cost includes funding from World Bank

27. PK Sindh Public Sector Management
 Project ID P145617
 Country Pakistan
 Region South Asia
 Status Active
 Approval Date (as of board
Presentation) January 28, 2015
 Closing Date August 31, 2020
 Total Project Cost** US$ 282.00 million

28. PK-Sindh Barrages Improvement Phase I Project
 Project ID P131324
 Country Pakistan
 Region South Asia
 Status Active
 Approval Date (as of board Presentation) June 19, 2015
 Closing Date December 22, 2020
 Total Project Cost** US$ 208.00 million

29. PK: Sindh Agricultural Growth Project
July 08, 2014 - The World Bank’s Board of Executive Directors approved
on Monday the Sindh Agricultural Growth Project in the amount of US$ 76.4 million. The project
aims to improve the productivity and market access of small and medium producers in important
commodity value chains. The project would benefit approximately 112,000 farmers covering over
66,000 hectares

30. Competitive Industries Project for Khyber
Pakhtunkhwa
Grant Amount: US$ 9.0 million Project Effectiveness
Date: August 2013 Project Closing Date: June 30, 2015 .
The Project Management Unit (PMU) has signed a
contract worth US$ 3.1 million for the procurement of
excavators for the machinery pool

31. Remaining project
 Pakistan: Punjab Public Management Reform Program
 Dasu Hydropower Stage I Project
 IDA Partial Credit Guarantee for Dasu
 Tarbela Fourth Extension Hydropower Project
 MDTF KP Emergency Roads Recovery Project
 MDTF KP Emergency Roads Recovery Project
 Punjab Health Sector Reform Project
 To help pakistan fight against polio

32. Pakistan: Punjab Public Management Reform
Program
 Project ID P132234
 Country Pakistan
 Region South Asia
 Status Active
 Approval Date (as of board presentation) November 14, 2013
 Closing Date December 31, 2018
 Total Project Cost** US$ 50.00 million
Total project cost includes funding from World Bank

33. Dasu Hydropower Stage I Project
 Project ID P121507
 Country Pakistan
 Region South Asia
 Status Active
 Approval Date (as of board presentation) June 10, 2014
 Closing Date June 30, 2022
 Total Project Cost** US$ 3787.70 million
 Commitment Amount US$ 588.40 million
Total project cost includes funding from World Bank

34. IDA Partial Credit Guarantee for Dasu
 Project ID P150756
 Country Pakistan
 Region South Asia
 Status Active
 Approval Date (as of board presentation) June 10, 2014
 Closing Date June 30,2022
 Total Project Cost** US$ 460.00 million
Total project cost includes funding from World Ban

35. Tarbela Fourth Extension Hydropower Project
Project ID P115893
Country Pakistan
Region South Asia
Status Active
Approval Date (as of board presentation) March 20, 2012
Closing Date December 31, 2018
Total Project Cost** US$ 914.00 million
Total project cost includes funding from World Bank

36. MDTF KP Emergency Roads Recovery
Project
 Project ID P125584
 Country Pakistan
 Region South Asia
 Status Closed
 Approval Date (as of board presentation) July 16, 2011
 Closing Date June 30, 2015
 Total Project Cost** US$ 8.00 million
Total project cost includes funding from World Bank

37. Punjab Health Sector Reform Project
 Project ID P123394
 Country Pakistan
 Region South Asia
 Status Active
 Approval Date (as of board presentation) May 31, 2013
 Closing Date December 31, 2017
 Total Project Cost** US$ 1116.50 million
Total project cost includes funding from World Bank

38. CRITICISM
 It was started to reduce poverty but it support United States’
business interests.
 It is an instrument for the promotion of U.S. or Western interests.
 The decision-making structure is undemocratic.
 Developing Countries still Developing. Why?

39. Recommendations
 Where as Pakistan is gifted with multiple resources, capabilities and strengths. Pakistan must do
development projects on its own financial resources.
 On the other side Pakistan must fill up loop wholes in its govt. administrative institutions and
bureaucracy.
 Increase, improve and implement on direct tax collection system.
 To finish imbalancement of between imports and exports