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What is the working mechanism of both institutions?
Do they have any legal authority over states?
What happens when a state defaults?
What was the case with Argentina when she defaulted on IMF and World Bank as well as other foreign debts in 2001?
Detailed Text: http://slidesha.re/1uk4jEC
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LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
2. CONTENTS
INTRODUCTION
WORLD BANK
WORLD BANK GROUP
INTERNATIONAL BANK FOR
RECONSTRUCTION & DEVELOPMENT
(IBRD)
INTERNATIONAL DEVELOPMENT
ASSOCIATION(IDA)
INTERNATIONAL FINANCIAL CORPORATION
(ICA)
MULTILATERAL INVESTMENT GUARANTEE
AGENCY (MIGA)
INTERNATIONAL CENTRE FOR
SETTLEMENT OF INVESTMENT DISPUTES
(ICSID)
3. INTRODUCTION
In response to post-war reconstruction
and to discuss the future of international
economic cooperation In July of 1944,
representatives from 44 countries met at
Bretton Woods, New Hampshire.
Creation of two institutions:
International Monetary Fund (IMF)
World Bank
4. World Bank
Motto Working for a World Free of Poverty
Formation July 1944; 72 years ago
Legal Status Monetary International Financial
Organization
Type Treaty
Purpose Crediting
Head Quarter Washington, D.C., U.S.
Membership 189 countries (IBRD)
173 countries (IDA)
Key People Jim Yong Kim, president
Parental Organization World Bank Group
Website worldbank.org
5. Objectives of World Bank
To help the member countries by providing long
term capital for economic reconstruction and
development.
To introduce long term capital investment for
assuring balance of payment equilibrium and
balanced development of international trade.
To promote private foreign investments.
To provide guarantee for loans granted for small
and large units and projects of member countries.
To help the economies of those countries who
destroyed by war.
Provide technical services to member countries.
End extreme poverty by decreasing the
percentage of people living less than $1.9in a day
to not then 3% of world population till 2030.
To promote shared prosperity for fostering income
group of the bottom of 40% of every country.
6. Functions of World Bank
To assist in the construction and development of
the territories of its members by facilitating
investment of capital for productive purposes,
including the ‘restoration of economies destroyed
or disrupted by war’, and the encouragement of
the “development” of productive facilities and
resources in less developed countries.
To promote private investment and long run
balanced growth of international trade and BOP
equilibrium by means of guarantees or partici-
pation in international loans and investments.
To arrange loans made or guaranteed by it. so that
more useful and urgent projects receive
preference.
To provide finance to projects from its own capital,
funds raised by it and by participating with other
members.
8. World Bank lending by theme and
sector: fiscal 2012–16 (millions of
dollars)
35,335
31,547
40,843 42,495
45,900
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
FY12 FY13 FY14 FY15 FY16
world bank annual report 2016
Total World Bank Lending (IBRD + IDA)MILLIONS OF DOLLARS
Total World Bank
Lending (IBRD + IDA)
9. Sector FY12 FY 13 FY 14 FY15 FY16
Agriculture, Fishing, and
Forestry
1163 851 801 797 547
Education 1296 1065 1123 1477 1754
Energy and Mining 2,848 1,208 2,356 3,150 4,557
Finance 1,410 1,609 1,293 3,404 2,634
Health and Other Social
Services
2,489 1,822 1,598 2,949 2,399
Industry and Trade 713 747 1,054 1,653 3,426
Information and
Communications
94 102 262 77 186
Public Administration, Law,
Justice
5,381 4,405 4,806 4,318 5,775
Transportation 3,379 2,600 4,032 3,086 4,330
Water, Sanitation, Flood
Protection
1,807 840 1,279 2,616 4,121
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 Settlement of
Investment Disputes(ICSID)
11. IBRD
The International Bank for Reconstruction
and Development was created in 1944 to
help Europe rebuild after World War II.
It works closely with the rest of the World
Bank Group to help developing countries
reduce poverty, promote economic growth,
and build prosperity.
IBRD is owned by the governments of its
189 member countries, which are
represented by a 25-member board of 5
appointed and 20 elected Executive
Directors.
12. IBRD’s Services
IBRD finances projects across all sectors and provides
technical support and expertise at various stages of a
project.
IBRD’s financial products and services help countries build
resilience to shocks by facilitating access to products that
mitigate the negative impact of currency, interest rate, and
commodity price volatility, natural disasters and extreme
weather.
Unlike commercial lending, IBRD’s financing not only
supplies borrowing countries with needed financing, but also
serves as a vehicle for global knowledge transfer and
technical assistance.
Advisory services in public debt and asset management help
governments, official sector institutions, and development
organizations build institutional capacity to protect and
expand financial resources.
IBRD supports government efforts to strengthen not only
public financial management, but to also improve the
investment climate, address service delivery bottlenecks, and
other policy and institutional actions
13. How IBRD Is Financed
IBRD raises most of its funds in the world's financial
markets. In fact, in these markets.
This practice has allowed IBRD to provide more than $500
billion in loans to alleviate poverty around the world since
1946, with its shareholder governments paying in about
$14 billion in capital.
IBRD has maintained a triple-A rating since 1959. Its high
credit rating allows it to borrow at low cost and offer
middle-income developing countries access to capital on
favorable terms -- in larger volumes, with longer
maturities, and in a more sustainable manner than world
financial markets typically provide.
IBRD earns income every year from the return on its equity
and from the small margin it makes on lending. This pays
for IBRD's operating expenses, goes into reserves to
strengthen the balance sheet, and provides an annual
transfer of funds to IDA, the fund for the poorest countries.
14.
15. Formation 1960
Legal Status Treaty
Type Development finance
institution
Purpose Development assistance,
Poverty reduction
Head Quarter Washington, D.C
Membership 173 countries
Parental
Organization
World Bank Group
Website worldbank.org/ida
16. Objectives
To provide development finance on
easy terms to less developed member
countries.
To promote economic development,
increase productivity and thus, raise
the standards of living in the
underdeveloped areas
17. RESOURCES
subscription and contribution
IBRD also supplements the resources of
IDA.
The representatives of the donor nations
meet every three years to replenish IDA
fund and review policies.
A notable feature in this context is that the
representative of borrower countries are
also invited to take part in the
replenishment negotiations .The United
States, Japan, Germany, the United
Kingdom and France are the major donor
18. DEVELOPMENT OF RESOURCES
Relative poverty ,defined as GNI per capita
below an established threshold(USD 1095 in
fiscal year 2009)
Lack of creditworthiness to borrow on market
terms and therefore a need for concessional
resources to finance the country’s
development programme.
Good policy performance, defined as the
implementation of economic and social
policies that promote growth and poverty
reduction.
19. IDA assists three categories of
countries.
The countries that are the earth’s poorest
The countries that are above the operational
poverty cut-off but lack the creditworthiness needed
to borrow from IBRD and other agencies
The countries that are eligible to seek assistance
from IDA based on their per capita income levels but
also creditworthy for borrowing from IBRD and other
agencies. They are referred to as “blend” countries.
20. Loans
The member countries with per capita income
of less than US $694 at 1990 prices are
eligible to borrow from IDA.
IDA grants loans to those projects which are
not financed by IBRD.IDA observe the
following criteria in approving the projects:
Poverty
criterion
Performance
criterion
Condition of
Loans
21. Financial year2015 Top 5
Borrowers of IDA
1924
1687
1395 1351 1305
0
500
1000
1500
2000
2500
Bangladesh India Ethiopia Pakistan Kenya
world bank.org
FY15 Top 5 Borrowers of IDA
million usd
22. IDA BY FISCAL YEAR, MILLIONS OF
DOLLARS
14,753
16,298
22,239
18,996
16,171
11,061 11,228
13,432
12,905 13,191
0
5,000
10,000
15,000
20,000
25,000
2012 2013 2014 2015 2016
Commitm
ents
Disburse
ments
23. Formation July 20, 1956
Type Development finance
institution
Legal status Treaty
Purpose Private sector development,
poverty reduction
Headquarters Washington, D.C.
Membership 184 countries
Executive Vice President &
CEO
Philippe Le Houérou
Parent organization World Bank Group
Website ifc.org
24. Objectives
To invest in productive private
enterprises, in association with private
investors, and without government
guarantee of repayment, in cases where
sufficient private capital is not available
on reasonable terms.
To serve as a clearing house to bring
together investment opportunities, private
capital (both foreign and domestic) and
experienced management.
To help in stimulating the productive
investment of private capital, both
domestic and foreign.
25. Working
The IFC considers only such investment proposals whose
objective is the establishment, expansion or improvement
of productive private enterprises which will contribute to
the development of the economy of the country
concerned. Industrial, agricultural, financial, commercial,
and other private enterprises are eligible for IFC financing,
provided their operations are productive in character.
The IFC is authorized to invest its funds in many forms it
deems appropriate, with the exception of capital stocks
and shares. It does not have a policy of uniform interest
rates for its investments. The interest rate is to be
negotiated in each case in the light of all relevant factors,
including the risks involved and any right to participation in
profits, etc.
IFC makes investments only when it is satisfied that the
enterprise has or will have experience and competent
management and it looks to that management to conduct
the business of the enterprise. It does not itself assume
responsibility of managing the enterprise.
28. Formation 1988
Type Development finance
institution
Legal status Treaty
Purpose Political risk
insurance, foreign direct
investment
Headquarters Washington, D.C.
Membership 181 countries
Executive Vice President Keiko Honda
29. Objectives
To promote Foreign Direct
Investment (FDI) into
developing countries
To help support economic
growth, reduce poverty
and improve people’s lives.
30. Membership and Capital
Membership in the Agency is open to
all members of the Bank and to
Switzerland. There is, however, no
obligation for Bank members to join
the Agency. The Convention
recognizes the importance attached to
participation by both capital-exporting
and capital-importing members
particularly in the provisions for its
entry into force and for voting. At
present 173 countries are members.
31. MIGA’s Added Value Services
Confidence, Security and
Credibility
Market Leader
Complex Deal
PRI Market
32. MIGA’s Development Impact
and Priorities
Since its inception in 1988, MIGA has
issued nearly 900 guarantees worth
more than $17.4 billion for projects in
96 developing countries.
34. Formation 1965
Type Dispute resolution organization
Legal status Treaty
Purpose International arbitration
Headquarters Washington, D.C.
Membership 161 countries(signatory and contracting
states)
153 countries(contracting states only)
Secretary-
General
Meg Kinnear
Parent
organization
World Bank Group
35. objectives
The primary purpose of ICSID is to
provide facilities for conciliation and
arbitration of international investment
disputes.
36. ICSID Activities
Pursuant to the Convention, ICSID
provides facilities for the conciliation
and arbitration of disputes between
member countries and investors who
qualify as nationals of other member
countries. Recourse to ICSID
conciliation and arbitration is entirely
voluntary.
37. Dispute Settlements Facilities
(a) ICSID
Convention
,
Regulation
s and
Rules
(b)ICSID
Additional
Facility
Rules
(c)Other
Dispute
Settlement
Activities of
the Centre
38. Institutional Arrangements
Permanent Court of Arbitration at The Hague;
Regional Arbitration Centers of the Asian-African Legal
Consultative Committee at Cairo, at Kuala Lumpur and
at Lagos;
Australian Commercial Disputes Centre at Sydney;
Australian Centre for International Commercial
Arbitration at Melbourne;
Singapore International Arbitration Centre;
Gulf Cooperation Council Commercial Arbitration
Centre at Bahrain;
German Institution of Arbitration
39. Poverty reduction (Extreme poverty (% population
below $1.90 a day, 2011 PPP))
57.1
29.2
6.2
13.2
4.17
40.8
46.1
11.2
2.8
6.5
3.3
27.2
42.7
7.2
2.1
5.6
2.7
18.8
0
10
20
30
40
50
60
AFRICA EAST ASIA
&PACIFIC
EUROPE
&CENTRAL
ASIA
LATIN
AMERICA &
CARRIBEAN
MIDDLE EAST
&NORTH
AFRICA
SOUTH ASIA
2000
2010
2015
40. Region wise committeements of world bank
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
Europe &
central
Asia
Latin
America &
Caribbean
Sub
Sahara
African
Middle east
& north
Africa
South Asia East Asia
& the
pacific
total
9346
7500 7272 8218
5201
8363
45900
20% 16% 16% 18% 11% 19% 100
TOTAL
SHARE%
41. World bank commitments to
india
3184
1334
5216
3848 3845
0
1000
2000
3000
4000
5000
6000
1 2 3 4 5
amount usd
amount usd
42. In recent years, World Bank operations have supported clients
to
Reach 14.9 million people, and micro-, small, and medium
enterprises with financial services
Provide 2.0 million hectares of land with irrigation services
Construct or rehabilitate 113,600 kilometers of roads
Generate 4,287 megawatts’ capacity of conventional energy
and
2,461 megawatts’ capacity of renewable energy
Recruit or train 6.6 million teachers
Provide 377 million people with essential health, nutrition, and
population services
Cover 32.7 million beneficiaries by social safety net programs
Provide 42.2 million people with access to an improved water
source
Provide 16.6 million people with access to improved sanitation
facilities
Reduce 588 million tons of CO2 equivalent emissions annually
with the support of special climate instruments
Support 36 countries in institutionalizing disaster risk reduction
as a national priority
43. CONCLUSION
World Bank is an organization which is
working for welfare at global level, its
objective is to poverty reduction and
shared prosperity in present time and
it is succeeded in achieving its
objective in reducing poverty in
different regions of world. The different
institute of World Bank also trying to
achieving their objectives helping
peoples in different ways.