2. •The world bank is an international financial institution that
provides loans to developing countries for capital programs.
•The world bank main goal is to make world free of poverty.
•The world bank is a leading institution that funds essential
infrastructural requirement globally.
•The world bank differs from the world bank group , in that
the world bank comprises only two institutions : The
International Bank for Reconstruction and Development
(IBRD) and the International Development Association (IDA).
•World Bank group incorporates in addition to three more:
International Finance Corporation (IFC), Multilateral
Investment Guarantee Agency (MIGA), and International
Centre for settlement of Investment Disputes (ICSID)
3. In response to post-war (WW-II) Reconstruction and to
discuss the future of international economic cooperation.
In July of 1944, representatives from 44 countries met at
Britton Woods, New, Hampshire and creation of two institution.
• 1.International Monetary Fund (IMF)
2.International Bank for Reconstruction and Development;
(IBRD) or “World
IBRD approved its first loan in the amount of USD250
million to France for reconstruction purposes. This was one of
the largest loans in real terms made by the World
4. •Its 188 member countries are shareholders.
•These member countries, or shareholders, are represented by
Board of Governors, who are the ultimate policymakers at the
World Bank.
•The governors are member countries' ministers of finance or
ministers of development
•They meet once a year at the Annual Meetings of the Boards of
Governors of the World Bank Group and the IMF.
•World Bank Group President Jim Yong Kim chairs meetings of
the Boards of Directors and is responsible for overall
management of the Bank.
5. Total member countries in each institution
International Bank for Reconstruction and Development
(IBRD):188.
International Development Association (IDA) :173
International Finance Corporation (IFC):184
Multilateral Investment Guarantee Agency (MIGA):180
International Centre for Settlement of Investment Disputes
(ICSID):150
6. •Granting reconstruction loans to war devastated
countries.
•Provides funds for development projects.
•Providing loans to governments for agriculture, irrigation,
power, transport, water supply, educations, health, etc
•Providing loans to private concerns for specified projects.
•Promoting foreign investment by guaranteeing loans
provided by other organizations.
•Providing technical, economic and monetary advice to
member countries for specific projects
•Encouraging industrial development of underdeveloped
countries by promoting economic reforms.
7. Assists development and reconstruction.
To promote long term balanced international trade
To lend for project development
To conduct its operations with due regards to business
conditions
Promote private investment
8. The World Bank Group has set two goals for the world to
achieve by 2030:
End extreme poverty by decreasing the percentage of
people living on less than $1.25 a day to no more than 3%
Promote shared prosperity by fostering the income growth
of the bottom 40% for every country
For Achieve Goals10,000 employees in more than 120
offices works as worldwide.
9. Agriculture and Rural Development
Conflict and Development
Development Operations and Activities
Economic Policy
Education
Energy
Environment
Financial Sector
Gender
Governance
Health, Nutrition and Population
Industry Information and Communication Technologies
Information, Computing and Telecommunications
International Economics and Trade
10. Labor and Social Protections
Law and Justice
Macroeconomic and Economic Growth
Mining
Poverty Reduction
Private Sector
Public Sector Governance
Rural Development
Social Development
Social Protection
Trade
Transport
Urban Development
Water Resources
Water Supply and Sanitation
11. The World Bank Group’s Partnership Strategy for India
(2013-2017)will help India lay the foundations for achieving
“faster, sustainable, and more inclusive growth” as outlined in
the government’s 12th five year plan.
During the World Bank financial year (July 2013-June
2014), funding for India was $5.2 billion across 16 projects.
The World Bank Group will be ready to provide financial
support worth $15-18 billion over the next three years.”
In July 11,2014World Bank Sign $153 Million Agreement
for Odisha Disaster Recovery Project.
Tamil Nadu and Pondicherry Coastal Disaster Risk
Reduction Project.
12. Proposal for a comprehensive development framework
might be too.
Absolute number of poor people is raising as a result
of rapid population growth. Make them awareness.
Resistance by government .
Increase Education ,Per capita income with
Employment.
More look after to trade and growth of small term
business.
Important role in promoting prosperity and economic
stability worldwide.