The document provides information about the World Bank, including that it is an international financial institution that provides loans to developing countries. It was established in 1944 at the Bretton Woods Conference and has 187 member countries. The World Bank Group consists of five institutions focused on global development and poverty reduction. Key units include the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).
IFC
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries.The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established on July 20, 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private sector entities, and creating jobs and delivering necessary services to those who are poverty-stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that its projects are expected to target. Its goals are to increase sustainable agriculture opportunities, improve health and education, increase access to financing for microfinance and business clients, advance infrastructure, help small businesses grow revenues, and invest in climate health.
The IFC is owned and governed by its member countries (184), but has its own executive leadership and staff that conduct its normal business operations. It is a corporation whose shareholders are member governments that provide paid-in capital and which have the right to vote on its matters.Originally more financially integrated with the World Bank Group, the IFC was established separately and eventually became authorized to operate as a financially autonomous entity and make independent investment decisions.It offers an array of debt and equity financing services and helps companies face their risk exposures, while refraining from participating in a management capacity. The corporation also offers advice to companies on making decisions, evaluating their impact on the environment and society, and being responsible.It advises governments on building infrastructure and partnerships to further support private sector development. The IFC is governed by its Board of Governors which meets annually and consists of one governor per member country.Each member typically appoints one governor and also one alternate.[ International Finance Corporation (2010). IFC Annual Report 2010: Where Innovation Meets Impact (Report). World Bank Group. Retrieved 2012-06-09.] Although corporate authority rests with the Board of Governors, the governors delegate most of their corporate powers and their authority over daily matters such as lending and business operations to the Board of Directors.The IFC's Board of Directors consists of 25 executive directors who meet regularly and work at the IFC's headquarters, and is chaired by the President of the World Bank Group.
IFC
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries.The IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States. It was established on July 20, 1956 as the private sector arm of the World Bank Group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private sector entities, and creating jobs and delivering necessary services to those who are poverty-stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that its projects are expected to target. Its goals are to increase sustainable agriculture opportunities, improve health and education, increase access to financing for microfinance and business clients, advance infrastructure, help small businesses grow revenues, and invest in climate health.
The IFC is owned and governed by its member countries (184), but has its own executive leadership and staff that conduct its normal business operations. It is a corporation whose shareholders are member governments that provide paid-in capital and which have the right to vote on its matters.Originally more financially integrated with the World Bank Group, the IFC was established separately and eventually became authorized to operate as a financially autonomous entity and make independent investment decisions.It offers an array of debt and equity financing services and helps companies face their risk exposures, while refraining from participating in a management capacity. The corporation also offers advice to companies on making decisions, evaluating their impact on the environment and society, and being responsible.It advises governments on building infrastructure and partnerships to further support private sector development. The IFC is governed by its Board of Governors which meets annually and consists of one governor per member country.Each member typically appoints one governor and also one alternate.[ International Finance Corporation (2010). IFC Annual Report 2010: Where Innovation Meets Impact (Report). World Bank Group. Retrieved 2012-06-09.] Although corporate authority rests with the Board of Governors, the governors delegate most of their corporate powers and their authority over daily matters such as lending and business operations to the Board of Directors.The IFC's Board of Directors consists of 25 executive directors who meet regularly and work at the IFC's headquarters, and is chaired by the President of the World Bank Group.
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and
Make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
The IMF is accountable to the governments of its member countries. At the top of its organizational structure is the Board of Governors, which consists of one Governor and one Alternate Governor from each member country.
The Board of Governors meets once each year at the IMF-World Bank Annual Meetings.
Twenty-four of the Governors sit on the International Monetary and Financial Committee (IMFC) and normally meet twice each year.
The IMF's day-to-day work is overseen by its 24-member Executive Board, which represents the entire membership, this work is guided by the IMFC and supported by the IMF staff.
The Managing Director is the head of the IMF staff and Chairman of the Executive Board and is assisted by four Deputy Managing Directors.
Introduction to IMF, The Bretton Woods Agreement, Objectives of IMF, Functions of IMF, Members of IMF, Governance and Organizational Structure of IMF, Resources of Funds, Application of Funds by IMF, Advantages to India from IMF.
The World Bank was created at Bretton Woods in 1944 to lend to European countries to help them rebuild after World War II. It was the world's first multilateral development bank, and was funded through the sale of World Bonds. Its first loans were to France and other European countries, but soon lent money to Chile, Mexico and India to build power plants and railways. The Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods agreements, which emerged from the United Nations Monetary and Financial Conference (1–22 July 1944). It also provided the foundation of the Osiander-Committee in 1951, responsible for the preparation and evaluation of the World Development Report. Commencing operations on 25 June 1946, it approved its first loan on 9 May 1947 (US$250M to France for postwar reconstruction, in real terms the largest loan issued by the Bank to date). Its five agencies are:
• 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)
The World Bank's activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation, rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, electricity), and governance (e.g. anti-corruption, legal institutions development). The IBRD and IDA provide loans at preferential rates to member countries, as well as grants to the poorest countries. Loans or grants for specific projects are often linked to wider policy changes in the sector or the economy. For example, a loan to improve coastal environmental management may be linked to development of new environmental institutions at national and local levels and the implementation of new regulations to limit pollution. The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. Two countries, Venezuela and Ecuador, have recently withdrawn from the World Bank. It is stated that it is also an observer on the United Nations Development Group.
Promote international monetary cooperation;
Facilitate the expansion and balanced growth of international trade;
Promote exchange stability;
Assist in the establishment of a multilateral system of payments; and
Make resources available (with adequate safeguards) to members experiencing balance of payments difficulties.
The IMF is accountable to the governments of its member countries. At the top of its organizational structure is the Board of Governors, which consists of one Governor and one Alternate Governor from each member country.
The Board of Governors meets once each year at the IMF-World Bank Annual Meetings.
Twenty-four of the Governors sit on the International Monetary and Financial Committee (IMFC) and normally meet twice each year.
The IMF's day-to-day work is overseen by its 24-member Executive Board, which represents the entire membership, this work is guided by the IMFC and supported by the IMF staff.
The Managing Director is the head of the IMF staff and Chairman of the Executive Board and is assisted by four Deputy Managing Directors.
Introduction to IMF, The Bretton Woods Agreement, Objectives of IMF, Functions of IMF, Members of IMF, Governance and Organizational Structure of IMF, Resources of Funds, Application of Funds by IMF, Advantages to India from IMF.
The World Bank was created at Bretton Woods in 1944 to lend to European countries to help them rebuild after World War II. It was the world's first multilateral development bank, and was funded through the sale of World Bonds. Its first loans were to France and other European countries, but soon lent money to Chile, Mexico and India to build power plants and railways. The Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods agreements, which emerged from the United Nations Monetary and Financial Conference (1–22 July 1944). It also provided the foundation of the Osiander-Committee in 1951, responsible for the preparation and evaluation of the World Development Report. Commencing operations on 25 June 1946, it approved its first loan on 9 May 1947 (US$250M to France for postwar reconstruction, in real terms the largest loan issued by the Bank to date). Its five agencies are:
• 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)
The World Bank's activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation, rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, electricity), and governance (e.g. anti-corruption, legal institutions development). The IBRD and IDA provide loans at preferential rates to member countries, as well as grants to the poorest countries. Loans or grants for specific projects are often linked to wider policy changes in the sector or the economy. For example, a loan to improve coastal environmental management may be linked to development of new environmental institutions at national and local levels and the implementation of new regulations to limit pollution. The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. Two countries, Venezuela and Ecuador, have recently withdrawn from the World Bank. It is stated that it is also an observer on the United Nations Development Group.
Finance for Development course is a very thoughtful, in depth and elaborate one within given time frame of just 4 weeks. I would like to highlight Millennium Development Goals, Sustainable Development Goals , Role of Multilateral Developmental Banks and functions of some of the World Bank Group entities.
WTO & Trade Issues - International Financial Institutions.pptxDiksha Vashisht
The International Monetary Fund (IMF) is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty. Quotas of member countries are a key determinant of the voting power in IMF decisions.
Votes comprise one vote per 100,000 special drawing right (SDR) of quota plus basic votes. SDRS are an international type of monetary reserve currency created by the IMF as a supplement to the existing money reserves of member countries.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
2. WORLD BANK
2
International financial institution that provides
loans to developing countries for capital
programmes
Official goal: Reduction of poverty
Bretton Woods Conference, 1944
Headquarters: Washington DC
Membership: 187 countries
President: Robert B. Zoellick
Parent Organization: World Bank Group
World Bank 7/01/2011
4. WORLD BANK MISSION
To fight poverty with passion and professionalism
for lasting results. To help people help themselves
and their environment by providing resources,
sharing knowledge, building capacity, and forging
partnerships in the public and private sectors.
5. IBRD
5
Created December 27, 1945
187 members
Original institution of the World Bank
Largest country membership, the broadest mission, and the
greatest number of staff in the Bank Group
First task to help Europe recover from World War II
World Bank 7/01/2011
6. IBRD
6
Plays an important role in poverty reduction; provides
middle-level and poor credit-worthy countries with loans,
guarantees, analytical and advisory services
Supports long term human and social developmental needs
that private creditors do not finance
Preserves borrowers’ financial strength by providing support
during crisis periods, which is when poor people are most
adversely affected
Creates favorable investment climate to catalyze provision
of private capital
Provides financial support in the form of grants made
available from IBRD’s net income in areas which are critical
to the well being of poor people in all countries
World Bank 7/01/2011
7. IDA
7
Created September 24, 1960
Provides loans to 81 countries
171 member countries
IDA helps world’s poorest countries reduce poverty by
providing credits and grants
IDA’s goal is to reduce disparities across and within
countries— especially in terms of access to primary
education, basic health, and water supply and sanitation—
and to bring more people into the economic mainstream by
raising their productivity.
World Bank 7/01/2011
8. IFC
Promotes sustainable private sector investment in
developing countries
Established 1956
182 member countries
Member of the World Bank Group
Promotes sustainable private sector development by:
Financing private sector projects and companies located in
the developing world.
Helping private companies in the developing world
mobilize financing in international financial markets.
Providing advice and technical assistance to businesses
and governments.
9. MIGA
Founded 1988
Promotes foreign direct
investment into developing countries by
insuring investors against political risk,
advising governments on attracting
investment, sharing information through on-
line investment information services, and
mediating disputes between investors and
governments
Member of the World Bank Group
174 member countries
10. International Centre for Settlement
of Investment Disputes
Established 1966
143 member countries
Member of the World Bank Group
Provides facilities for the conciliation
and arbitration of investment disputes between
member countries and individual investors.
11. Difference between World Bank and IMF
11
The World Bank lends only to developing or transition economies,
whereas all member countries, rich or poor, can draw on the
IMF’s services and resources.
The IMF’s loans address short-term economic problems: they
provide general support for a country’s balance of payments and
international reserves while the country takes policy action to
address its difficulties. The World Bank is concerned mainly with
longer-term issues: it seeks to integrate countries into the wider
world economy and to promote economic growth that reduces
poverty.
The IMF focuses on the macroeconomic performance of
economies, as well as on macroeconomic and financial sector
policy. The World Bank’s focus extends further into the particular
sectors of a country’s economy and Bank work includes specific
World
its 7/01/2011
development projects as well as broader policy issues.
12. Millennium Development Goals
12
MDGs were endorsed by 189 countries at the September 2000 UN
Millennium General Assembly in New York.
MDG’S came out of the agreements and resolutions that have
resulted from world conferences organized by the UN in the past 10–
15 years. Each goal is to be achieved by 2015.
Their aim is to reduce poverty while improving health, education, and
the environment.
To achieve the MDGs poorest countries require financial aid.
Developing countries may also benefit if trade barriers are lowered,
thereby allowing a freer exchange of goods and services.
World Bank 7/01/2011
13. Goals and Targets of Millennium Declaration
13
ERADICATE EXTREME POVERTY AND HUNGER
ACHIEVE UNIVERSAL PRIMARY EDUCATION
PROMOTE GENDER EQUALITY AND EMPOWER WOMEN
REDUCE CHILD MORTALITY
IMPROVE MATERNAL HEALTH
COMBAT HIV/AIDS, MALARIA, AND OTHER DISEASES
ENSURE ENVIRONMENTAL SUSTAINABILITY
DEVELOP A GLOBAL PARTNERSHIP FOR DEVELOPMENT
World Bank 7/01/2011
14. The World Bank’s Finances
14
IBRD
IBRD – taps the world’s capital markets
IBRD raises money primarily by selling bonds in international financial markets. It sells
AAA-rated bonds and other debt securities to pension funds, insurance companies,
corporations, other banks, and individuals around the world
IBRD uses capital from reserves built up over the years and money paid in from the bank's
187 member country shareholders
IBRD charges interest to its borrowers at rates that reflect its cost of borrowing. Loans
must be repaid in 15 to 20 years, and there is a 3- to 5-year grace period before
repayment of principal begins
IDA
IDA, the world’s largest source of interest-free loans and grant assistance to the poorest
countries, is replenished every three years by donor countries
Provides 35- to 40-year no-interest loans. IDA accounts for nearly 40 percent of World
Bank lending
Forty countries contribute to IDA’s funding. Chief donors are France, Germany, Japan,
United Kingdom, and the United States
World Bank 7/01/2011
15. World Bank - Profits
15
Income used to sustain operating expenses
Some of the surplus goes to IDA
The rest of the surplus is either used for debt relief for
heavily indebted poor countries
To meet unseen humanitarian crises
IBRD seeks not to maximize profit but to earn enough
income to ensure its financial strength and to sustain
its development activities
World Bank 7/01/2011
16. Project Cycle
16
The Project Cycle is the framework used by the World Bank to design,
prepare, implement and supervise projects
The World Bank's public-lending institutions (IDA and IBRD) lend about US$
15-20 billion annually to 100 countries to Projects ranging from
infrastructure, education, health and government financial management
World Bank 7/01/2011
17. Project Cycle
17
Pre-Pipeline
Studies of development issues carried at the thematic,
country and sector level. This is used to improve the Bank’s
understanding of development challenges and to promote
best practice among staff
Identification
The World Bank and borrowing countries jointly identify
projects that support their development goals. The
identification stage can take up to a year and a half
Preparation
The borrowing country is responsible for project
preparation. During this stage, which can last up to two years,
the borrowing country continues to conduct further studies
and impact assessments that includes economic, financial,
social and environmental impacts
World Bank 7/01/2011
18. Project Cycle
18
Appraisal
Appraisal is the sole responsibility of Bank staff. Project Appraisal Document
(PAD) is prepared which provides a detail description of the project and its
implementation. The Appraisal stage often lasts between 3-6 months
Negotiation and Approval
During negotiations, the World Bank and borrowing country will agree on the terms
of the loan supporting the project. Typically, negotiations last about 1-2 months
Implementation and Supervision
After the loan or credit is approved, the borrowing country can use the funds to
purchase the goods and services necessary to meet the project’s objectives. The
borrowing country, is responsible for implementing the project. The World Bank’s
role is to monitor project implementation to ensure that the terms of the loan/credit
agreement are followed and that procurement is conducted according to the World
Bank’s guidelines
Evaluation
Following completion of the project, the Bank’s Independent Evaluation Group,
conducts an audit of the project, where the World Bankoutcome is measured against
project's 7/01/2011
its original objectives
19. Ways of classifying countries
19
Low income, Middle and High income
Income level of countries average annual per capita
low $875 or less
lower-middle $876 to $3,465
upper-middle $3,466 to $10,725
High $10,726 or more
Developing and industrial economies:
developing low-income or middle-
income
industrial high-income
Donors and borrowers
Part I, part II: Countries choose whether they are Part I or Part II
primarily on the basis of their economic
standing World Bank 7/01/2011
20. Sectors of operation
20
Agriculture and rural Health, nutrition, andnpopulation
development
Indigenous peoples
Aid effectiveness
Information and communication technologies
Combating corruption Infrastructure
Conflict prevention and Labour and social protection
fragile states Law, regulation, and the judiciary
Debt relief Manufacturing and services
Economic research and Poverty
data Private sector development
Education Social development
Empowerment and participation Sustainable development
Energy and mining Trade
Environment Transport
Financial sector Urban development
Gender Water
Globalization
Governance
World Bank 7/01/2011
21. Initiatives
21
Multilateral Debt Relief Initiative (MDRI)
• To cut the debt burdens of many of the world’s poorest countries to
acceptable levels. Total debt relief under the MDRI is estimated at
about $50 billion(2008)
Low-Income Countries Under Stress (LICUS) Initiative
• Which recommends ways to help countries with particularly weak
policies and institutions get onto a path of sustained growth and
poverty reduction by improving the effectiveness of development aid
Education for all fast track initiatives
• The initiative’s goal is to accelerate progress toward achievement of
the MDGs for education. It is open to all low-income countries that
demonstrate a serious commitment to achieving universal primary
education
World Bank 7/01/2011
23. WORLD BANK IN INDIA
23
Infrastructure
• Mumbai Urban Transport Project (MUTP)
• Rural roads
• Building state highways in A.P.
Rural development
• Empowering the poor in Tamil Nadu
• Reclaiming saline lands in UP
• Improving agriculture in Assam
• Reversing the degradation of natural resources in lower Himalayas
• Rural water supply and sanitation
Creating jobs
Health
• Eliminating leprosy
• Controlling T.B .
• Reconstruction World Bank 7/01/2011
24. WORLD BANK IN INDIA
24
• North east rural livelihood project(NERLP)(20-dec-2011)
• Uttar Pradesh Health Systems Strengthening Projects (UPHSSP)(20-
dec-2011)
• Rampur Hydropower project- carbon finance (6th oct 2011)
• Capacity Building for Urban Local Bodies-NURM (21st July 2011)
• West Bengal Accelerated development of Minor Irrigation (24th Oct
2011)
• Karnataka State Highway Improvement (24th March 2011)
• National Ganga River Basin Project(31-may-2011)
• Rajasthan Rural Livelihood Project – RRLP (11th Jan 2011)
World Bank 7/01/2011
25. Current Lending by Sector in Number of
Projects - India
25
Year 2011
World Bank 7/01/2011
http://web.worldbank.org
26. Lending in Millions of US Dollars to
26
India
World Bank 7/01/2011
http://web.worldbank.org
27. IDA – INDIA FUNDING
Sarva Shiksha Abhiyan or SSA
In 2002 India unveiled its national flagship program, the Elementary
Education Project (Sarva Shiksha Abhiyan or SSA), financed by
the International Development Association (IDA).
IDA is the single largest donor. IDA’s SSA I project (2004 to 2007)
contributed US$500 million of the program’s total cost of US$3.5
billion. In May 2008, SSA II was approved with an IDA commitment
to provide an additional US$600 million to the program, In March
2010, following the Government of India’s decision to extend SSA II
for another two years, additional IDA funding of US$750 million was
approved for 2010-12
With SSA having made great strides in increasing access to primary
education, the focus is now on bringing the remaining 8.1 million
out-of-school children into school, boosting provision of upper-
primary educational facilities, and improving learning outcomes
28. IDA – INDIA FUNDING
Bhoomi Project – IDA funded project
Deals with computerization of 20 million
records of land ownership
It will benefit nearly seven million rural farmers
by allowing them to transfer land titles online.
The project has reduced corruption and saved
time and costs.
29. Impact of World Bank
29
During the past 40 years, life expectancy in developing countries
has risen by 20 years—about as much as was achieved in all of
human history prior to the mid-20th century.
During the past 30 years, adult illiteracy in the developing world has
been nearly halved to 25 percent.
During the past 20 years, the absolute number of people living on
less than US$1 a day has begun to fall for the first time, even as the
world's population has grown by 1.6 billion people.
During the last decade, growth in the developing world has
outpaced that in developed countries, helping to provide jobs and
boost revenues poor countries' governments need to provide
essential services.
MNEs
MNEs prefer World bank funded projects rather than country
funded projects
World Bank 7/01/2011
The World Bank was one of the institutions to be formed at the Bretton Woods conference. IMF was the other. Bretton Woods conference was held in july 1944, In which 44 allied nations came together in bretton woods, new hampshire to regulate international monetary and financial order.
All members of the IBRD are also IMF members, and vice versa. The IBRD was established mainly as a vehicle for reconstruction of Europe and Japan after World War II, with an additional mandate to foster economic growth in developing countries in Africa, Asia and Latin America. Originally the bank focused mainly on large-scale infrastructure projects, building highways, airports, and powerplants. As Japan and its European client countries "graduated" (achieved certain levels of income per capita), the IBRD became focused entirely on developing countries. Since the early 1990s the IBRD has also provided financing to the post-Socialist states of Eastern Europe and the republics of the former Soviet Union.
All members of the IBRD are also IMF members, and vice versa. The IBRD was established mainly as a vehicle for reconstruction of Europe and Japan after World War II, with an additional mandate to foster economic growth in developing countries in Africa, Asia and Latin America. Originally the bank focused mainly on large-scale infrastructure projects, building highways, airports, and powerplants. As Japan and its European client countries "graduated" (achieved certain levels of income per capita), the IBRD became focused entirely on developing countries. Since the early 1990s the IBRD has also provided financing to the post-Socialist states of Eastern Europe and the republics of the former Soviet Union.
The International Bank for Reconstruction and Development (IBRD), better known as the World Bank, was established in 1944 to help Europe recover from the devastation of World War II. The success of that enterprise led the Bank, within a few years, to turn its attention to the developing countries. By the 1950s, it became clear that the poorest developing countries needed softer terms than those that could be offered by the Bank, so they could afford to borrow the capital they needed to grow.With the United States taking the initiative, a group of the Bank’s member countries decided to set up an agency that could lend to the poorest countries on the most favourable terms possible. They called the agency the "International Development Association." Its founders saw IDA as a way for the "haves" of the world to help the "have-nots." But they also wanted IDA to be run with the discipline of a bank. For this reason, US President Dwight D. Eisenhower proposed, and other countries agreed, that IDA should be part of the World Bank (IBRD).IDA's Articles of Agreement became effective in 1960. The first IDA loans, known as credits, were approved in 1961 to Chile, Honduras, India and Sudan.IBRD and IDA are run on the same lines. They share the same staff and headquarters, report to the same president and evaluate projects with the same rigorous standards. But IDA and IBRD draw on different resources for their lending, and because IDA’s loans are deeply concessional, IDA’s resources must be periodically replenished A country must be a member of IBRD before it can join IDA; 171 countries are IDA members.After rebuilding of Europe focus shifted to newly independent developing countriesPoorest developing countries could not borrow capital for development on the terms offered by Banks, hence IDA was formed
The World Bank and the IMF were both created in 1944 at a conference of world leaders in Bretton Woods, New Hampshire, with the aim of placing the International economy on a sound footing after World War II
Halve the proportion of people whose income is less than $1 a day4) Reduce by two-thirds the under-five mortality rate5) Reduce by three-quarters the maternal mortality ratio6) Halt the spread of HIV/AIDS, MALARIA, AND OTHER DISEASES7) Integrate sustainable development into country policies and programs, improve quality of life of 100 million slum dwellers8) Addressing the special needs of the least developed countries (including tariff- and quota-free access for exports of the least developed countries; enhanced debt relief for heavily indebted poor countries and cancellation of official bilateral debt; In cooperation with pharmaceutical companies, provide access to affordable, essential drugs in developing countries, Address the special needs of landlocked countries
Cas:The CAS identifies the key areas where the Bank Group's assistance can have the biggest impact on poverty reduction. In its diagnosis, the CAS takes into account the performance of the Bank’s portfolio in the country, the country’s creditworthiness, state of institutional development, implementation capacity, governance, and other sectoral and cross-cutting issues.
At world bank member countries have different designations which reflect important distinctions among countries. This is based on wealth.
Itdevelopes frame work and tools to help countries with weak policies to get to path of sustained growth and poverty reduction.
India is one of the oldest members of world bank .It joined world bank in 1944.
World bank is a vital source of financial & technical assistance to developing countries.There have been many significant achievements in past years.