this contains information regarding ibrd its functioning features and advantages disadvantages and how world bank came into force and how its members increased
3. Its five agencies are:Its five agencies are:
• International Bank for Reconstruction and Develop
(IBRD) 1945
• International Development Association (IDA)
1960
• International Finance cooperation (IFC) 1956
• Multilateral Investment Guarantee Agency
(MIGA) 1988
• International Centre for Settlement of
Investment Disputes (ICSID) 1966
4. objectivesobjectives
• Reconstruction and development
• Encouragement to capital investment
• Encouragement to international trade
• Establishment of peace time economy
• Environmental protection
5. Resources of world bank fundsResources of world bank funds
• 2% of the subscription to be
paid in gold or US Dollars
• 18% in members own
currency
• Remaining 80% subject to
call if and only when required
to meet the Banks obligation
7. Management of the world
bank
• Board of governors
– Admission of new member
– Termination of the membership
• Executive director
• President
• Advisory council
• Loan committees
8. Functions of World BankFunctions of World Bank
• To advance the loan
• Direct loan
• Guarantee loan
• Joint loan
• Special lending facility
• Structural adjustment facility(SAF)
• Special action program (SAP)
• Technical assistance
• Training
9. SuccessSuccess
• Efficiently Provide loan
• Proper assistance to under developed
countries
• Establishment of subsidiary
institution
• Training institution
– Economic development institution (EDI)
11. India and World BankIndia and World Bank
• Financial assistance
• Disaster assistance
• Technical aid and training
• Survey teams
• Help non government organization
– National leprosy elimination
– Basic education project
• Advantage from membership of associate
institution of the world bank
12. Criticism of world bank inCriticism of world bank in
IndiaIndia
• World bank is largely responsible for
the economic reform
• Give more importance to the
development of private sector
• It is argued that India dependence
on the world bank is increasing