The World Bank was established in 1945 to provide loans to developing countries for advanced economic and social growth. It finances infrastructure development projects like roads, railways, ports, power, and more. The World Bank Group consists of 5 institutions that provide financial and technical assistance to further economic development and reduce poverty. The World Bank gets its funding from capital contributions from member countries as well as bond issuances. It aims to promote long-term balanced growth and development.

1. International OrganisationWorld Bank

2. The world Bank was established in the year 1945 to give loans to more advanced stages of economic & social growth of developing countries. The World Bank finances to all kinds infrastructure development such as roads, railways, communication, ports, power & energy, oil & gas.World Bank

3. World Bank Group:

4. IBRD- Industrial Bank for Reconstruction & Development.IDA-International Development Association.IFC- International Finance Corporation.MIGA-Multilateral Investment Guarantee Agency.ICSID-International Centre for Settlement of Disputes.

5. World Bank(185countries):

6. Capital subscribed by member countries.Retained earnings.Generate funds from capital market (own borrowings).Bank loan (repayable within 20 yrs).Interest calculated on cost of borrowings.Resource

7. Powers vested on Board of Governors.Bank Governors delegated powers to Board of Executive Directors of HQ.21 Executive Directors.5 Largest shareholders directors(US, Japan, Germany, France, UK)Rest are elected by Governors representing other member country. Meet once in a year.Serve a 5 year term. Organisation

8. To assist in the reconstruction & development of territories by investing capital.To restore & reconvert the economies of the member countries destroyed by war.To encourage the development of productive facilities.To promote private foreign investment.To promote the long-range balance growth. Finance for productive purposes.To encourage international investments.OBJECTIVE:

9. Structure Adjustment Lending (SAL)SAL is designed to achieve a more efficient use of resources

10. Contribute to a more sustainable BOP in the maintenance of growth in the face of severe constraints.

11. This program lays more importance on future growth.Financing Policies:

12. Special Action Program (SAP):Help countries implement adjustment measures & highly priority projects.

13. Restore credit working & growth.