2. ROAR MEMBERS
RAKESH S. AMIN
OMKAR A. SHINDE
AZHAR N. SHAIKH
RAHUL N. TAKALE
ROGER Y. PETER
UMESH S. DASONI
3. INTRODUCTION
• President :- Robert B. Zoellick
• Membership :- 185 countries
• Affiliates :- IFC, MIGA, ICSID
• Headquarters :- Washington, DC &
more than 100 country
• Staff :- About 10000 all over
the world
• Established :- July 1,1944
5. .
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.
6.
7. HISTORY
• The World Bank
was originally
established to
support
reconstruction in
Europe after
World War II but
has since
refrained its
mission &
expanded its
operation.
8. .
• World Bank is one of two major
institutions created as a result of
“BRETTON WOODS CONFERENCE”
in 1944.
• International Monetary Fund is the 2nd
institution.
9. WORLD BANK BORROWERS
France was the first borrower
for $250 million to finance
post-war reconstruction in 1946
Many developed nations who
are now donors, were also
borrowers, such as Austria,
Australia, Denmark, Japan,
Italy, Finland, and Greece
Current top 7 borrower are
Mexico,Brazil,Turkey,Pakistan,
China, India and Argentina
10. WORLD BANK GROUP
The International Bank for Reconstruction and
Development (IBRD)
The International Development Association (IDA)
The International Finance Corporation (IFC)
The Multilateral Investment Guarantee Agency (MIGA)
The International Centre for the Settlement of Investment
Disputes (ICSID).
14. FUNCTIONS
• RECONSTRUCTION & DEVELOPMENT
• PROMOTION OF INVESTMENT
• PROMOTION OF LONG RANGE BALANCED
GROWTH OF INTERNATIONAL TRADE
• ARRANGING THE LOANS THROUGH
OTHER CHANNELS FOR PRIORITY
15. WHERE DOES THEIR MONEY
GO?
• IBRD LOANS GUARANTEES
• IDA CREDITS INVESTMENTS
• TRUST FUND GRANTS
• PROJECT FINANCE
16. AREA OF OPERATION
• Agriculture & Rural Development
• Economic Policy
• Education
• Energy
• Environment
• Financial Sector
• Health, Nutrition & Population Industry
17. .
• Information, Computing and
Telecommunication
• Law and Justice
• Private Sector
• Social Protection
• Trade
• Water Resources
• Water Supply and Sanitation
19. SUPPORT TO INDIA
India has been borrowing from the World Bank
through IBRD and IDA for various development
projects in the area of poverty alleviations,
infrastructure, rural developments etc.
IDA funds are one of the most concessional
external loans for GoI and are used largely in social
sector projects that contribute to the achievement of
Millennium Development Goals.
India has borrowed around US$ 65.8 billion from
the World Bank so far.
20. In 1958, the Bank played an important role in
.
establishing „India Aid Club‟ for providing
specific economic assistances to India. It has
now been renamed as „India Development
Forum‟.
International Development Association (IDA),
an associate of World Bank is known as the soft
loan window of the Bank and was established on
September 24, 1960.
During 1995-96 (July-June), India ranked first
among the nations getting assistance from IDA.
21.
22. EDUCATIONAL SUPPORT
• Early Childhood Development
• Elementary/Primary education
• Secondary Education
• Vocational education and training
• Technical and Higher education
• Support to States
23. .
• Knowledge Production
• Structural Adjustment
• Water Privatisation
• Business & Political Interest of main
Stakeholders
24. CRITICISM
• It was started to reduce poverty but it
support United States‟ business interests.
• It is deeply implicated in contemporary
modes of donor and NGO driven
imperialism.
• The President of the Bank is always a
citizen of the United States.
26. .
• Lack transparency to external publics.
• It is 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.
27. 5 PRIORITIES OF WORLD
BANK
• World bank provides the largest external funds
for education.
• It is a big support in reducing poverty.
• It provides fund for biodiversity projects.
• It helps to bring clean water, electricity, &
transport to poor people.
• It helps in controlling emerging conflicts.