2. Topics to be Discussed
2
• Introduction
• Brief History
• World Bank Group
• Objectives
• Functions
• Voting Power
• World Bank and India
• References
3. 3
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.
4. 4
• President - Jim Yong Kim (12th)
• Membership - 188 countries (IBRD)
172 countries (IDA)
• Headquarters - Washington, DC
• Established - July 1,1944
• Parent organization - World Bank Group
5. 5
History:
Founded in 1944,at Bretton Woods.
First loan to France in 1947 of $250 million.
1947 - Incorporation into UN System.
1979 - Lending for the fiscal year crosses the $10
billion mark for the first time.
7. 7
World Bank Group:
• IBRD: provides loans and advice to government of middle
income countries to assist development.
• IDA: provide interest free loans called credits and grants to
countries who are not able to borrow through normal market
channels or to the poorest countries.
• IFC: provides loans, equity and technical assistance to
stimulate private sectors investment in developing countries.
• MIGA: Provides guarantees against losses caused by
non-commercial risks to investors in developing countries.
• ICSID: Provides international facilities for arbitration of
investment disputes.
8. 8
Objectives:
• To assist in the reconstruction and development
of territories of members.
• To promote private investment.
• When private capital is not available on
reasonable terms, to supplement private
investment.
9. 9
• To promote the long-range balanced growth of
international trade and the maintenance of
equilibrium in balances of payments.
• To arrange the loans made or guaranteed by it in
relation to international loans.
• To conduct its operations with due regard to the
effect of international investment on business
conditions in the territories of members and in
the immediate postwar years.
10. 10
Functions:
• Granting reconstruction loans to war devastated
countries.
• Granting developmental loans to underdeveloped
countries.
• Providing loans to governments for
agriculture, irrigation, power, transport, water
supply, educations, health, etc
• Providing loans to private concerns for specified
projects.
11. 11
• 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.
12. 12
Voting Power:
Saudia
Arabia, 2.77% Italy, 2.64%
Russia, 2.77%
United
India, 2.91%
States, 15.85%
France, 3.75%
Japan, 6.84%
China, 4.42%
United
Kingdom, 3.75%
Germany, 4.00%
Source: www.worldbank.org , 2010
13. 13
India :Amount of Lending (Millions Of
US Dollars)
Source: www.worldbank.org
14. 14
Project Details in India:
Total projects in India till sep. 672
2012
Total active projects 116
Total closed projects 494
Total dropped projects 44
Total pipeline projects 18
Active Project in India in 2012 10
15. S. Project Title Commit Approval
15
no ment Date
. Amount
million
US $
1 ICDS Systems Strengthening & Nutrition Improvement 106 06/092012
Program (ISSNIP)
2 Karnataka Watershed Development II 60 06/092012
3 Development Policy Loan (DPL) to Promote Inclusive 100 06/092012
Green Growth and Sustainable Development in
Himachal
4 Enhancing Capacity for NAP alignment and Reporting 0.15 12/07/2012
to UNCCD Secretariat - India
5 Bihar Rural Livelihood Project Additional Financing 100 31/05/2012
6 Rajasthan Agricultural Competitiveness Project 109 27/03/2012
7 India: Secondary Education Project 500 22/03/201
2
8 National Dairy Support Project 352 15/03/2012
9 Assam State Roads Project 320 16/03/2012
10 Assam Agricultural Competitiveness Project Additional 50 08/13/2012
16. 16
Meeting Challenges in India:
• India is the Bank’s largest borrower, with total
commitments of $5.5 billion in fiscal 2011.
• India’s Sarva Shiksha Abhiyan—The Bank-
supported, government launched scheme seeks
to meet the primary education needs of nearly
200 million poor children living in more than 1
million rural towns and villages across the
country.
17. 17
• the Bank approved a $1.5 billion loan in fiscal
2011 for the Pradhan Mantri Gram Sadak
Yojana.
• In addition a $350 million loan for the Second
Karnataka State Highway Improvement Project
was approved this fiscal year
• In May the World Bank approved a $1 billion
credit and loan as part of its long-term support
for the government’s Mission Clean Ganga.
