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World bank


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World bank

  1. 1. World Bank Bank with a Vision
  2. 2. WORLD BANK GROUP  The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools, etc.) with the stated goal of reducing poverty.
  3. 3. Introduction      President :- Jim Yong Kim Members:- 188 countries Affiliates:- IFC, MIGA, ICSID Headquarters :- Washington, DC Established :- July 1,1944
  4. 4. Purpose of World Bank
  5. 5. History  The world bank is one of the two Bretton Woods Institutions which were created in 27th December, 1944 to rebuild a Wartorn Europe after World War II.
  6. 6. Mission “To fight poverty with passion and professionalism for lasting results and to help people help themselves, and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors”.
  7. 7. Objectives  Provide assistance to developing and transition countries  Promote the economic development of the world's poorer countries  Finance the poorest developing countries whose per capita GNP is less than $865 a year
  8. 8. Organization  Its 186 member countries are shareholders.  The shareholders are represented by a Board of Governors, who are the ultimate policy makers at the World Bank.  Annual Meetings of the Boards of Governors held once in a year.
  9. 9. Five Largest Shareholders  France,  Germany,  Japan,  United  The Kingdom, and United States.
  10. 10. Other Member Countries  Total member countries in each institution: i. The International Bank for Reconstruction and Development (IBRD): 188 ii. The International Development Association (IDA): 169 iii. The International Finance Corporation (IFC):182 iv. The Multilateral Investment Guarantee Agency (MIGA): 175 v. The International Centre for Settlement of Investment Disputes (ICSID): 144
  11. 11. World Bank’s Institutions Five Institutions, One Group:  International Bank for Reconstruction and Development (IBRD)  International Development Association (IDA)  International Finance Corporation (IFC)  Multilateral Investment Guarantee Agency (MIGA)  International Centre for Settlement of Investment Disputes(ICSID)
  12. 12. Functions       poverty reduction and the sustainable growth in the poorest countries, especially in Africa; solutions to the special challenges of post-conflict countries and fragile states; development solutions with customized services as well as financing for middle-income countries; regional and global issues that cross national borders-climate change, infectious diseases, and trade; greater development and opportunity in the Arab world; pulling together the best global knowledge to support development
  13. 13. Analytical & advisory services:  It i. ii. provides analysis, advice and information to member countries through: economic research and data collection on broad issues such as the environment, poverty, trade and globalization; country-specific, non-lending activities such as economic and sector work, where it evaluates a country's economic prospects by examining its banking systems and financial markets, trade, infrastructure and poverty.  It draws upon the resources like wealth of contacts, knowledge, information and experience to educate clients so they can equip themselves to solve their development problems and promote economic growth.
  14. 14. Analytical & advisory services:  Its analyses, advice and knowledge are made available to client countries, their government and development professionals, and the public through  Poverty Assessments  Public Expenditure Reviews  Country Economic Reports  Sector Reports  Topics in Development
  15. 15. Operations  The World Bank's two closely affiliated entities—the (IBRD) and the (IDA)—provide low or no interest loans (credits) and grants to countries that have unfavorable or no access to international credit markets.  It does not operate for profit. The IBRD is market-based, and it uses its high credit rating to pass the low interest it pays for money on to its borrowers—developing countries.
  16. 16. Areas 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
  17. 17. Loans  Through the IBRD and IDA, we offer two basic types of loans and credits: i. investment operations: Countries use investment operations for goods, works and services in support of economic and social development projects in a broad range of economic and social sectors. development policy operations: Development policy operations (formerly known as adjustment loans) provide quick-disbursing financing to support a country’s policy and institutional reforms ii.
  18. 18. Working  The World Bank is like a cooperative, made up of 188 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank.  The governors delegate specific duties to 25 Executive Directors, who work on-site at the Bank. The five largest shareholders appoint an executive director, while other member countries are represented by elected executive directors.
  19. 19. Working  World Bank Group President Jim Yong Kim chairs meetings of the Boards of Directors and is responsible for overall management of the Bank. The President is selected by the Board of Executive Directors for a five-year, renewable term.  The Executive Directors make up the Boards of Directors of the World Bank. They normally meet at least twice a week to oversee the Bank's business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies and
  20. 20. Working    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.
  21. 21. In Pakistan  Established in Pakistan, Jul 11, 1950
  22. 22. Projects in Pakistan         Competitive Industries Project for Khyber Pakhtunkhwa Punjab Health Sector Reform Project Pakistan: Second Sindh Education Sector Project KP Southern Area Development Project MDTF FATA Emergency Rural Roads Project Second Additional Financing for Third Partnership for Polio Eradication Project PK: Punjab Cities Governance Improvement And many more…….
  23. 23. Statistics
  24. 24. Criticism  It was started to reduce poverty but it support United States’ business interests.  The President of the Bank is always a citizen of the United States.  Lack transparency to external publics.  It is used as an instrument for the promotion of U.S. or Western interests.  The decision-making structure is undemocratic.  It has consistently pushed a “neo-liberal” agenda