The World Bank was established in 1944 at the Bretton Woods Conference. It provides financing, policy advice, and technical assistance to developing countries for purposes such as boosting prosperity, ending poverty, and economic reconstruction and development. The World Bank consists of 5 institutions and has 189 member countries. It helps fund infrastructure projects in areas like power, transportation, and water/sanitation. The World Bank classifies countries based on geographic region, income level (low, lower middle, upper middle, high), and operational lending categories (IDA or IBRD).
2. Introduction
• World Bank was established in the year 1944 at Bretton Woods Conference
• The World Bank is a part of World Bank Group which provides financing, policy advice, and technical
assistance to governments of developing countries
• India received it’s first funding from the World Bank in 1970s to build power plants and railways
• Consists of 5 institutions - IBRD ,IDA ,IFC ,MIGA ,ICSID
• Currently there are 189 member countries
4. Functions & Objectives
• It helps the war-devasted countries by granting them loans for reconstruction.
• Their main goal is to end poverty and boost prosperity for the poorest people
• 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
• To provide long-run capital to member countries for economic reconstruction and development
• It helps in inducing long term capital for improving the balance of payments and thereby balancing
international trade.
• Bank can grant loans to a member country up to 20% of its share in the paid-up capital
10. Resources
• Initial authorized capital of $10,000 million
• Authorized capital increased to $ 188 billion
• Out of which $ 180.6 billion was issued to member countries in the form of shares. – 20% paid
and 80% callable
• Member countries enjoy voting rights based on their financial power.
• Each member contributes 2% of its subscription in gold or US dollars and 18% in their national
currency
14. Difference Between World Bank & IMF
WORLD BANK
• World bank is like a normal bank
• World bank is about Growth
• Development projects in
developing world
• Provides funds to grow strong
• World bank is much bigger
institute
IMF
• IMF is a fund
• IMF is about stability
• Balancing International financial
system
• Provides funds when in emergency
• IMF is smaller as compared to
world bank
16. The First Resilient Kerala Program
Development Policy Operation
Approved Date : June 27,2019
Closing Date : February 1,2019
After 2018 crisis
Improved River Basin planning, Water Infrastructure Operations
Management, Water supply and Sanitation services
Total Project Cost : US$ 250 million
Commitment amount : US$ 250 million
17. Loan to Help Treat and Eliminate
Tuberculosis in India
Approved Date : June 27,2019
Closing Date : By 2025
Part of GOI and World Bank partnership since
1998.
Treatment and services to poor and high-risk groups,
including tribal households, HIV patients, and children
Supported programs have helped treat more than 20
million people since 1998 and averted 3.5 million deaths.
Total Project Cost : US$ 400 million
Commitment amount : US$ 400 million
18. Innovation in Solar Power and Hybrid
Technologies
Approved Date : March 29,2019
Closing Date : December 31,2024
Support investments in innovative RE
technologies and BESS
Technical assistance, capacity building, implementation
support, monitoring and dissemination.
Total Project Cost : US$ 399.81million
Commitment amount : US$ 150 million
19. Uttar Pradesh Core Road Network
Development Project
Approved Date : March 29,2019
Closing Date : June 30,2025
Road safety management in Uttar Pradesh and to improve traffic
flows and safety.
Total Project Cost : US$ 570 million
Commitment amount : US$ 400 million
20. Dam Rehabilitation & Improvement
Project
Approved Date : February 28,2019
Closing Date : NA
Restructuring and additional financing to improve safety
Total Project Cost : US$ 206 million
Commitment amount : US$ 137 million
To improve operations functions and maintenance of dams.
22. How does the World Bank classify countries?
Geographic region
Income group
Operational lending categories
23. Region Income Lending
East Asia and Pacific Low income economies IDA
Europe and Central Asia
Lower middle economies
Blend
Latin America and
Caribbean
Upper middle economies
IBRD
Middle East and North
Africa
High economies
North America
South Asia
Sub-Saharan Africa