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World bank group international trade
1. SUNIL KR. AHIRWAR
SECTION- „A‟
COURSE- BBA-IB III Sem. SUBMITTED TO FACULTY
ENRL NO- A1833312026 MS. SUPRIYA LAMBA
AMITY INTERNATIONAL BUSINESS
SCHOOL 2012-1015
2. WORLD Bank Group
Name: World Bank
Address: 1818 H Street, NW
City: Washington, District of Columbia
Country: United State
Sector: Banking
Motto: Working For a World Free of Poverty
Type: International Organization
Purpose: Crediting
Founded: 27 Dec 1945
Membership: 188 Countries
President: Jim Yong Kim
Website: www.worldbank.org
3. World Bank Group
The World Bank Group is an financial institute that provide loan to developing
countries for capital programs
The World Bank official goal is to Reduction of Poverty, all its decision must be
guided by a commitment to the promotion of foreign investment trade and to the
facilitation of capital investment.
World Bank Group International Trade
The World Bank Group support trade as a platform to sustainable growth and
development. Through financial and technical assistance, we support developing
countries in improving their global competitiveness. Our trade program aims to
promote a global trading system that is more supportive of development integrate
trade competitiveness into countries development strategies and encourage trade
policy and trade facilitation reforms through effective aid for trade programs.
The International Trade Department provides trade policy expertise and advisory
service across the World Bank Group. Our role and responsibilities include.
1. Developing knowledge product with an operational perspective
2. Providing support to World Bank Group country/regional team in their
trade programs
3. Forging effective partnership to advance a pro-development trade agenda
4. Disseminating knowledge on trade through training and learning activities
5. Briefing senior management on relevant trade issues in additional raises and
manages trust funds that support an array of World Bank Group activities in
developing countries worldwide.
4. World Bank Group Consist Five Organization
The International Bank for Reconstruction and developmentlend to
government of middle-income and creditworthy low-income countries.
The International Development Association provides free-loan called credit and
grant to government of the poorest countries
The International Finance Corporation a member of the World Bank Group is
the largest global development institution focused on exclusive on the private
sector.
The Multilateral Investment Guarantee Agency was created in 1988 as a
member of the World Bank Group to promote Foreign Direct Investment into
developing countries to support economic growth reduces poverty and improves
people lives.
The International Centre for Settlement of Investment Disputes provide
international facilities for conciliation and arbitration of investment dispute
5. World Bank Trade Strategy
Trade in fact is a powerful engine for economic growth and opportunity. Over the
past three decades world trade grew twice as fast as global GDP. But even through
many countries have benefited greatly from global integration the gains have
distributed unequally both between countries and within them. In order to improve
the inclusiveness of trade, and to promote its impact on reducing poverty and
inequality the World Bank Group has prepared its first Trade Strategy to guide its
work over the next decade. Endorsed this week by the Board of Executive
Director, following a six-month public consultation process last year the strategy
focuses on four pillars:
1. Trade competitiveness and diversification to support countries in developing
policy environments conducive to nurturing private sector development, Job
creation and sustainable poverty reduction.
2. Trade facilitation, transport logistic and trade finance to reduce the costs of
moving goods internationally in terms of time, money and reliability.
3. Support for markets access and international trade co-operation to create
larger integrated markets for goods and service.
4. Managing external shocks and promoting greater inclusion to make
globalization more beneficial to poor household and lagging regions
Multilateral Issues
International Trade Rules the World Trade Organization provides the
institutional and legal foundation for the multilateral trading system
Market Access The current multilateral negotiations were launched in Doha, Qatar
in 2001 as the Doha Development Agenda
Rule of Origin ascertaining the country of origin of imported products is needed
with preferential trade measures.
Special and Differential Treatment the way in which countries at different level
of development are treated in world trade is an important and controversial issue
6. Trade facilitation and Logistics
As of February the World Bank was on track to spend $11.6 billion in fiscal year
2013 on trade related assistance to projects in developing countries. More than 50
percent of that money will dedicated to trade facilitation to project that improves
the logistic and processes surrounding trade. This includes work that makes supply
chains more efficient decreasing the time goods wait at borders and ports and
increasing co-ordination within the public and private sector. It introduces
computerized system and reduces paper work needed to trade products between
countries
Intellectual Property Rights
Intellectual property rights are the right given
to person over the creation of their minds.
They usually give the creator an exclusive
right over the use of his/her creation for a
certain period of time.
1. Copyrights and rights related to
copyrights such as the right to authors
of literary and artistic work
2. Industrials property such as industrial
design, invention and trade secrets
distinctive signs, in particular trade mark and geographical indication.
The main social purpose of protection of intellectual property is to encourage and
rewards creative work to stimulate and ensure fair competition
One of the successes of the Uruguay Round of trade negotiation was the
Agreement on Trade-Related aspects of Intellectual Property which came into
effects on 1 January 1995 is to date most comprehensive multilateral agreement on
intellectual property. The three main features of the Agreement are:
Standards in respects of each of the main areas of intellectual property
covered by the TRIPS Agreement.
Enforcement. The second main set of provision deals with domestic
procedures and remedies for the enforcement of intellectual property rights
Dispute settlement. The Agreement makes disputes between WTO Members
about the respects of the TRIPS obligation subject to the WTO dispute
settlement procedures.
7. In Fiscal year 2013 the World Bank will spend $5.8 billion on trade
facilitation projects including:
1. Customs and border management
2. Streamlining documentary requirements
3. Trade infrastructure investment
4. Port efficiency
5. Transport security
6. Logistics and transport services
7. Regional trade facilitation and trade corridors
8. Transit and multimodal transport
World Bank Trade Facilitation Projects.
Cameroon customs reform In Cameroon, a major focus of the World Bank‟s
trade facilitation support is the Douala Port which also serves the country‟s
landlocked neighbors
Central African
Republic and Chad.
Currently goods coming
through Douala and
crossing Cameroon are
subject to unnecessary
delay and costs, making
imports more expensive
for the customers who
buy them. The World Bank‟s efforts are giving impoverished communities better
access to world markets and lower prices for consumers in two year a customer
reform project in Cameroon led to a drop in the processing time of most shipping
containers from 22 hours to less than two hours. It also reduced corruption and
increased customs revenue by as much as 7 percent.
A second project is helping the government of Cameroon Chad Central African
republic and Congo to put in place a new simpler customs processing regime. A
third is working on electronics payment system for small scale traders and a fourth
is helping Cameroon combine all of its import-export processing in a single
electronic interface or “Single Window”.
8. History of World Bank Group
The World Bank Group is outcome
of the Bretton Wood Conference
held in 1944. A new institute is
created at the Bretton Wood summit
with the primary purpose of
rebuilding Europe and improving
agricultural production in nation
with unmet economic potential,
Twenty-Eight county sign an as
founding member today 187
countries are member. It was
launched alongside the International Monetary Fund in the presence of a number
of important world delegates and many important policy makers from the USA and
Britain.
1947 Rebuilding Europe first loan issued to France from $250 Million to rebuild
infrastructure first bank field office are set up in Paris Copenhagen and Prague to
ensure that fund from past-war reconstruction loan are property allocated
1948 Harnessing wild rivers independent India begins its first major water
independent India begins its first major water project to tame the Damodar river
formally known as the River Of Sorrow for its devastating floods power generation
irrigation and sanitation project will be established with the bank financial support
and technical assistance.
1960 Assistance for the world poorest International Development Assistance is
established a part of the World Bank to reduce poverty by providing interest rate
free credit & grants. Today IDA one of the largest source of assistance for the
world 79 poorest countries and the largest single source of donor funds for basic
social services in their countries
1964 Japan Bullet Train the most advanced railway project of its time is
developing with $80 Million from the bank. The Tokyo-to-Osaka line carries the
famous rapid bullet train expanded high-speed railway lines have since carried
more than 6 billion passenger.
1971 Revving up the green relation the bank with a worldwide network of
agricultural research Centre by establishing a scientific partner organization to
9. replicate the success of India and Mexico Massive agriculture production increase
through technology adaptation help countries keep pace with the nutrition needs of
rapidly growing population.
1975 Investing in the environment. The first World Bank loan targeted to
improving the environment is signed with the government of Finland. The project
includes investment in water pollution control particularly by the pulp and paper
industry and research to improve the design and implementation of national
programed for water pollution control.
1989 Stopping ozone damage the bank is named an implementing agency is the
Montreal protocol which aim to phase out substance that deplete the ozone layer
and threaten human health with UV exposure. By the end of 2006 bank project
aimed at reducing ozone-depleting chemical is 25 developing countries will result
is 69% phase-out the target is 95% phase-out by 2015.
1996 unleaded gasoline the World Bank plays a catalytic role in the worldwide
phase-out of leaded gasoline and conversion to unleaded fuels to reduce health
problem to lead.
2000 Cutting-Edge carbon finance the prototype carbon fund in launched as the
first market based mechanized to address climate change and promote the transfer
of finance and climate-friendly technology to developing countries.
2005 Revving Iraq the World Bank makes its first loan to Iraq in three decades by
2011 numerous gain have been made under difficulties condition including
benefits from the agriculture education loan to rehabilitate 82 school for 57000
student.
2009 Recovering from natural disaster fire year after the Tsunami in Aceh,
Indonesia total reconstruction near completion in the first year alone bank and
government recovery effort rebuild more than 16000 hours for displaced person
construct 335 new school and restore 235 kilometer of roads.
2011 Development data one year after the bank open vast-storehouse of data of the
public about 100,000 people a week access thousands of free curated and
searchable datasets or education poverty health water access and other indicator.
The tradition of open data back to 1983 when the bank released the world debt
tables.
10. Leadership World Bank Group
On 23 march 2103 US President
Barack Obama announced that
the United States would
nominate Jim Yong Kim as the
president of the bank he was
elected on 27 April 2012. The
World Bank is like a
cooperative, made up of 188
Member countries. There
countries are shareholder is
represent by a board of governor,
who are the ultimate policy maker at the World Bank generally the governor are
member countries minister of finance & minister of development They meet once
in a year at the Annual meeting of the board of governor of the World Bank Group
and the IMF.
The Governor delegated specific duties to 25 Executive Director who work as site
at the bank the FIVE largest shareholders:
France
Germany
Japan
United Kingdom
United State
World Bank Group President Jim Yong Kimchair meeting of the board of
director and is responsible for overall management of the bank. The president is
selected by the Board of Executive Director for five year renewable term.
The World Bank operator day to day under the leadership and direction of the
president management of seminar staff and the vice-president in charge of region,
sector network and function.
11. President: Jim Yong Kim
Managing Director: Caroline Anstey
Managing Director and bank chief
financial officer: Bertand Badre
President special envoy on MDG and
Financial Development: Mahmoud
Mohieldin
Chief Economist and senior vice-president: Kaushik Basu
Senior vice-president change management: Pamela Cox
Vice-President and Treasure: Madelyn Antoncic
Vice-President and corporate security: Jorge Familiar Calderon
Vice-President WBG HR: Sean McGrath
Vice-president WBG external & cooperative relation: Cyril Muller
Vice –President WBG Institute: Sanjay Pradhan
Vice-President and WBG chief ethic officer: Xian Zhu
Multilateral Investment Guarantee Agency (MIGA)
Executive vice-president: Keiko Honda
Vice-President Chief Operating Officer: Michel Wormser
Director MIGA Asia Hub: Kevin Lu
Director operating Group: Edith Quintrell
Director Economic & Policy Group: Ravi Vistt
12. Chief Economist of World Bank: Kaushik Basu
Mr. Kaushik Basu is senior vice-president for development economic and World
Bank chief economist. He was recently the chief economic adviser to the
government of India
of the ministry
of
finance.Earlier Mr. Basu was professor of economics at the Delhi University
(Delhi School of Economic) where in 1992 he founded the center for development
economics in Delhi and was its first executive director. He is also a founding
member of the Madras School of Economics Mr. Basu has also held visiting
position at the institute for advanced study Princeton and lander school of
economist where was distinguished visiting in 1993.
Hollis B. Chenery- 1972-1982
Anne Oborn Krueger- 1982-1986
Stanley Fischer- 1988-1989
Lawrence Summers- 1991-1993
Michael Bruno- 1993-1996
Joseph E Stiglitz- 1997-2000
Nicholas Stern- 2000-2003
François Bourguignm- 2003-2007
Justin Yifu Lin- June 2008-June 2012
13. Martin Ravalli on- June 2012 (Acting Chief Economists)
World Bank Member Country
The organization that make up the World Bank Group are owned by the
government of member nation which have the ultimate decision making power
with I the organization an all matters including Policy, Finance , or Membership
Issue.
Member Country Govern the World Bank Group through the broadly governor and
the board of executive
director. These bodies
make all major decision
for the
organization.
To become of member of
the Bank under the IBRD
Article of agreement
a country must first join
the international monitory fund membership in IDA, IFC, & MIGA are
conditional in IBRD.
In tandem with IMF and in consultation with other World Bank Group staff the
corporate the secretariat vice presidency coordinates the process for new
membership and maintain the information relating of the status of membership
which includes the membership list.
The IBRD has 188 Member Countries while IDA has 172 Member, each member
state of IBRD should be also a member of the IMF only member of IBRDare
allowed to join other institution with in the Bank.
14. Afghanistan
Albania
Algeria
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
The Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Canada
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Iraq
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
15. Cape Verde
Central African Republic
Chad
Chile
China
Colombia
Comoros
Democratic Republic of the Congo
Republic of the Congo
Costa Rica
Côte d'Ivoire
Croatia
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
East Timor
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Lesotho
Liberia
Libya
Lithuania
Luxembourg
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Mali
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Federated States of Micronesia
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nepal
Netherlands
New Zealand
Nicaragua
Niger
Nigeria
Norway
Oman
16. World Bank Group Poverty reduction Strategies
For the
poorest
developing
countries in
the world the
bank‟s
assistance
plans are based on Poverty Reduction Strategies: by combining a cross-section of
local group with extensive analysis of the country‟s financial and economic
situation the World Bank develops a strategy pertaining uniquely to the country.
Forty-Five countries pledged US$ 25.1 Billion in “aid for the world poorest
countries” aid that goes to the WorldBankInternational Development Association
(IDA)which distributes the loan eighty poorest countries while wealthier nation
sometimes fund their own aid project, including those for diseases, and although
IDA is the recipient of criticism, Robert B. Zoellick, the former president of the
World Banks aid when the loan were announced on 15 December 2007, that IDA
money is the core funding that the poorest developing countries.
World Bank organized Development Marketplace Award which is competitive
grant program that surface and funds innovative, development project with high
potential for development impact that are scalable and/or replicable. The grant
beneficiaries are social enterprises with project that aim to deliver a range of social
and public service to the most underserved low-income groups.
17. Global Partnership and Initiatives World Bank
The World Bank primary partner in development is its client country government.
However in recent year the bank has also strengthened its policy dialogues and
project
performance by
involving a broad
range of public and
private
shareholders in all
aspect of its work particularly and environment issue.
The bank has learned a vital lesson by strategies partnering with organization that
are equally rich in experience, or better place to source participation from in-
country stakeholder and local communities. It has built and continues to strength
partnership with other multilateral development bank, United Nation agencies and
bilateral donors, as well as with technically strong non-governmental organization
(NGOs).
Carbon Finance: The World Bank Carbon Finance Units initiatives
are part of the larger global effort to combat climate, and go hand in
hand with the World Bank and its environment department‟s mission
to reduce poverty and improve living standards in the developing world.
Clean Air Initiative: The Clean Air Initiatives is a partnership that
advances innovative ways to improve the air quality in cities around
the world by sharing knowledge and experience and facilities technical
assistance for clean air planning.
Global Environment Facility: The GEF is the financing mechanism
for the key international environment agreements. As a GEF
implementing agency, the World Bank identify prepare and implement
projects that reduces poverty and benefit the local and global environment.
18. World Bank Institution
Vision: Across the Global citizen and
demanding accountability and
transparency from their government
and access to information and
technology mobile phone and social
media are multiplying opportunity for
citizen to provide feedback
transforming the way we do
development this fast changing global
environment is forcing the development community to adopt to do development
differently.
Strategy: The World Bank Institute support the World Bank operational and its
country client in their rapidly changing landscape by forging new dynamic
approach to capacity development World Bank Institute offer three area of
support its:
Open Knowledge: Connecting then to global knowledge
Collaborating Governance:Helping them to mobilize for collecting action
Innovative Solution: Scanning and incubating innovation to tackle key
development challenges
Thematic Area:
World Bank Instituteapplies its new approach in seven thematic are:
1. Climate Change
2. Fragile and Conflict Affected states
3. Governance
4. Growth and Competitiveness
5. Health System
6. Public-Private Partnership
7. Urban
19. Global Development Learning Network World Bank Group:
Initiated by the World Bank in June 2000 the Global Development Learning
Network is a global partnership of more than 100 learning center that offer the use
of advanced information and communication technology to people working in
development around world
Through Videoconference high-speed internet resources and interactive facilities
and learning technique GDLN affiliates enable their client to hold coordination
consultation and
training event in
a timely and cost-
efficiency.
GDLN client
include academic
institution
offering distance
learning courses
and development
issues development agencies seeking dialogues with key partner across the globe
government agencies discussing policy with counter-part in other countries and
non-governmental organization coordinating with their partner worldwide.
GDLN affiliates facilities 1000 Videoconference based activities a year as behalf
of their clients reaching same 90,000 people worldwide. Most of these activities
bring together participants in two or more countries over a series of sessions. A
majority of GDLN activities are organized by small government agencies and
NGOs.
The GDLN Standards
This affiliation facilities GDLN‟s commitment to continue to grow into a quality
development learning network that is attractive for both clients and affiliation
Opening up the network for new Affiliation and stimulating interaction in the
network will ultimately generate more business opportunity for the Affiliates to
reach this all GDLN Affiliation (Exist and New) commit themselves to.
20. GDLN ASIA Pacific
The GDLN in the East Asia and Pacific region has experienced rapids growth and
distance learning center new operates or age placed in 20 Countries:
1. Australia
2. Mongolia
3. Cambodia
4. China
5. Indonesia
6. Singapore
7. Philippines
8. Sri Lanka
9. Japan
10. Papua New Guinea
11. South Korea
12. Thailand
13. Laos
14. Timer Lester
15. Fiji
16. Afghanistan
17. Bangladesh
18. India
19. Nepal
20. New Zealand
With over 180 Distance Learning Center it is largest development learning
network in the Asia and Pacific region. The secretariat office of GDLN Asia
pacific in located in the center of academic resources of Chulalongkorn University
Bangkok and Thailand
GDLN Asia Pacific was launched at the GDLN East Asia and pacific regional
meeting held in Bangkok from 22 to 24 may 2006 its vision to become the premier
network exchanging idea experience and know-how across the Asia pacific region
GDLN ASIA Pacific is a separate entity to the World Bank it has endorsed its own
charter and Business plan and in accordance with charter a GDLN Asia Pacific
governing committee has been appointed.
21. Justice Sector Peer-Assisted Learning “JUSTPAL”
JUSTPAL Network was launched in April 2011 by Poverty Reduction and
economic management department of World Bank Europe and central Asia region.
The JUSTPAL Objectives is to provide as online and offline platform for Justice
professional to exchange
knowledge good practice
and peer-driven
improvement to justice
system and there by support
countries improves there
justices sector performance
quality of justice and services delivery to citizen and business.
The JUSTPAL Network includes representative of Judiciaries, Ministries, of
justice prosecutor anti-corruption agencies and other justice related entities from
across the global. The network currently has active member from more than 50
Countries.
To Facilities fruitful exchange of reform experience and sharing applicable and
practices the JUSTPAL Network has organized to activities under five
communities of practices.
1. Budgeting for the Justice Sector
2. Information System for Justice Service
3. Justice Sector Physical Infrastructure
4. Court Management and Administrative
5. Prosecution and Anti-Corruption
Country Assistance Strategy World Bank:
The World Bank prepares a Country Assistance Strategy (CAS)for active
barrowers from the International Development Association (IDA) and the
International Bank for Reconstruction & Development (IBRD). The CAS takes as
its starting point the country own vision for its development as defined is poverty
22. reduction strategy paper or order country authorized civil society organization
development partners and other stakeholder. The purpose of CAS is to set auto
selective program of World Bank Group support linked to the country development
strategy and based on the bank group comparative advantage is the context of
others donor activities CAS are designed to promote collaboration and co-
ordination among development pointer is a country.
The CAS includes a comprehensive diagnosis drawing an analytic work by the
bank the government and/or other partner of the development challenge facing the
country including the incidence, trends and causes of poverty. The CAS identifying
the key area where the bank group‟s assistance can have the biggest impact as
poverty reduction it includes a framework of clear targets and indicator to monitor
Bank Group and country performance in achieving stated outcomes.
United Nation Development Business World Bank Group:
The United Nation Development of public information launched development
business in 1978 with the support of the
World Bank
African Development Bank
Asian Development Bank
Caribbean Development Bank
Inter-American Development Bank
Development Business was initially a part of its parent publication called
development forum which was a platform for government and other entities to
express ideas as issue and challenges in the international and economic
environment.
Based on agreement between the United Nation and the World Bank in 1981,
Development business becomes the official sources of World Bank Procurement
notice contact Awards and project Approved 1988, the agreement was re-
negotiated and included in their agreement was joint venture to create as electronic
version of the publication via the world wide today development business in the
primary publication for all major multinational development bank united nation
agencies and several national government many of whom have made the
publication of their tenders and contract is development business a mandatory
requirement.
23. CRITICISM World Bank:
The World Bank has long been criticized by non-governmental organization such
as the indigenous right group survival international and academic includes its
farmer Chief Economist Joseph Stieglitzwho is equally critical of the International
Monetary Fund (IMF)
the US treasury
department US and Other
developed country trade
negotiators a number of
intellectual is developing
countries have argued
that the World Bank
is deeply implicated on
contersparay mode of
donor and NGOs
imperialism and that its
intellectual contributes
function to the poor for their condition.
One of the strongest CRITICISM of the World Bank has been the way in which it
is governed while the World Bank represent 188 Countries it is run by small
number of economically powerful countries these countries choose the leadership
and senior management of the World Bank and so their interest dominates the
bank.
It has been suggested that the World Bank is an instrument for the promotion of
US has a vote western interest is certain region of the World BankCRITICISM of
the Bank that the president is always a citizen of the United States nominated by
the president of US.