World bank is one of the most influential institution in current era. Here I covered briefly about its origin, functions, objectives,criticism, projects and many other things.

1. WORLD BANK
Working for a World Free of Poverty
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2. INCEPTION
• In response to post-war reconstruction and to discuss
the future of international economic cooperation
representatives from 44 countries met at Bretton
Woods, New Hampshire in July 1944
• Which lead to Creation of two institutions,
1.International Monetary Fund (IMF)
2.International Bank for Reconstruction and Development i.e
“World Bank.”
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3. WORLD BANK AT A GLANCE
• John Maynard Keynes and Harry Dexter White are
called as the "founding fathers" of both the World
Bank and the International Monetary Fund (IMF).
• First President: Eugene Meyer
• Present President: Jim Yong Kim
• Headquarters based at Washington DC.
• Membership:189 members in IBRD and 173 in IDA.
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4. ORGANISATION
• The World Bank is like a cooperative, made up of 189 member
countries.
• World Bank Group President Jim Yong Kim chairs meetings of
the Boards of Directors and is responsible for overall
management of the Bank.
• The Executive Directors make up the Boards of Directors of the
World Bank.
• There are about 120 offices situated spread all over the world.
• Five largest stakeholders: France, Germany, Japan, UK & US
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5. WORLD BANK GROUP
IBRD
Established 1945
IDA
Established 1960
IFC
Established 1956
MIGA
Established 1988
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6. Contd…
• IBRD lends to low- and middle-income countries
• International Development Association (IDA) lends to low-income
countries
• International Finance Corporation (IFC) lends to the private
sector.
• Multilateral Investment Guarantee Agency (MIGA) encourages
private companies to invest in foreign countries; and
• International Centre for Settlement of Investment Disputes
(ICSID) helps private investors and foreign countries work out
differences when they don't agree.
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7. WORLD BANK LENDS FOR
1. Supply safe drinking water:
As the world’s largest multilateral source of financing for water in
developing countries, with a total portfolio of water investments of
US$35 billion, the World Bank is uniquely positioned to support
countries reach the ambitious objectives they have set themselves.
From FY13 to FY15 World Bank Group commitments to developing
countries towards water and sanitation solutions contributed to 42
million people accessing improved water sources and 17 million
people accessing improved sanitation.
2. Build schools and train teachers:
Since 2000, the Bank has invested US$31.8 billion in education,
including more than US$17.3 billion from the International
Development Association (IDA). Global primary school completion
rates reached 91 percent in 2011, up from 81 percent in 1999 and
net primary enrollment rose to 89 percent in 2011, up from 82
percent in 1999.
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8. Contd..
3. Increase agricultural productivity:
In 2016, new IBRD/IDA commitments to agriculture and related
sectors were $2.9 billion. IBRD/IDA commitments are expected to
increase in 2017. In India, a Bank-financed project increased
productivity and incomes for 566,000 farmers and rural poor people
in Assam and 578,000 farmers in Tamil Nadu through diversification
into high-value crops, new technologies, improved water
management, and enhanced market access.
4. Manage forests and other natural resources:
The Environment and Natural Resources Global Practice oversees a
portfolio of about 170 projects worth about US$7.4 billion
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9. Contd..
5. Modernization:
The $100 million Karnataka Urban Water Supply Modernization
Project (KUWSMP), approved by the World Bank Board, will help
bring clean water to one million citizens of Hubballi-Dharwad,
including 160,000 people who live in slums and currently depend
upon public stand posts or private vendors for water.
6.Build and maintain roads, railways, and
ports:
The World Bank has been a major investor in the transport sector in
India. At present, it has ten projects in transport portfolio which
include seven state road projects and one each for national highway,
rural road and urban transport with total loan commitments for the
transport sector in India as US$3.48 billion.
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10. Contd..
7.Generate and distribute energy:
World Bank-supported programs provided 42 million people with new
access to electricity between 2000 and 2013 – most of them in South
Asia and Africa. World Bank financing has helped India expand
transmission across the country’s regions by 52 billion kilowatt-hours.
8.Expand health care:
Immunized 142.8 million children;
Provided 28.9 million pregnant women with antenatal care during a
visit to a health provider
IDA is the first and last external financier of a remarkable AIDS
response in India.
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11. WORLD BANK LENDING POLICY
• The Bank lends money to middle-income countries at interest
rates lower than the rates on loans from commercial banks. In
addition, the Bank lends money at no interest to the poorest
developing countries, those that often cannot find other
sources of loans
• The Bank offers flexible loans with maturities as long as 30
years and custom-tailored repayment scheduling.
• The IBRD also offers loans in local currencies.
• Repayment period is measured in ARM, Current IBRD policy
limits establish a maximum ARM of 18 years for WORLD BANK
loans.
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12. WORLD BANK LENDING RATES
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13. FUNCTIONS
• Supports long-term human and social development that private
creditors do not finance like building roads, providing health
care facilities in certain diseases like AIDS in large extent to
large population.
• Preserves borrowers' financial strength by providing support in
times of crisis, when poor people are most adversely affected.
• Promotes key policy and institutional reforms (such as safety
net or anti-corruption reforms)
• Creates a favorable investment climate to catalyze the
provision of private capital
• Facilitates access to financial markets often at more favorable
terms than members can achieve on their own
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14. WORLD BANK LENDING SECTORS
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15. NEED OF WORLD BANK FOR INDIA
• India fourth largest economy of the world.
• More than 400million of India’s people or 1/3rd of world’s
poor still live in poverty.
• 40% of the world’s malnourished children are in India
• Less than 10% of the working age population has completed a
secondary education.
• The country’s infrastructure needs are massive. One in three
rural people lack access to an all-weather road.
• Inequity all dimensions including region, caste and gender
will need to addressed.
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16. ROLE OF WORLD BANK IN INDIA
• Between 2001 and 2009, India’s Education for All Program
enrolled some 20 million out-of-school children. By 2009,
the number of out-of-school children had fallen to about
8.1 million. Over 98% of India’s children now have access
to a primary school within 1 kilometer of their home.
• World Bank support for vocational training programs in
select institutions has helped more graduates to find jobs,
with their numbers rising from just 32% in 2006 to over
60% in 2011.
• Rural livelihood programs have mobilized more than 30
million poor households in 90,000 villages to form 1.2
million self-help groups (SHGs)–up from 8 million in 2009.
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17. Contd..
• Over past two decades, World Bank projects have
contributed over $1.4 billion in financing for rural water
supply and sanitation. About 24 million people in over
15,000 villages–with populations ranging from 150 to
15,000–have benefited from these programs.
• Between 1998 and 2012, two IDA credits totaling $279
million provided significant support to scale-up effective
diagnosis and treatment under the national TB control
program
• From September 2004, World Bank support of some $2
billion is helping India’s National Rural Roads Program to
improve connectivity, especially in the economically
weaker regions and hill states.
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18. WORLD BANK PROJECTS IN INDIA
• World Bank Approves $625 Million to Support Grid
Connected Rooftop Solar Program in India
• Bihar Transformative Development Project
• North Eastern Region Power System Improvement
Project
• Himachal Pradesh Horticulture Development Project
• IN Karnataka Urban Water Supply Modernization
Project
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19. CRITICISM
• Criticisms center around concern about the
approaches adopted by the World Bank and the
IMF in formulating their policies, and the way
they are governed.
• Critics of the World Bank and the IMF are
concerned about the ‘conditionalities’ imposed
on borrower countries.
• With the World Bank, there are concerns about
the types of development projects funded.
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20. Contd…
• The World Bank’s role in the global climate
change finance architecture has also caused
much controversy.
• There are also criticisms against the World
Bank and IMF governance structures which
are dominated by industrialized countries.
• President of bank is always citizen of the
United states
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21. QUESTIONS ANSWERED
• Q No.01: How to become member of world bank?
Answer: To become member of the bank, under the IBRD
Articles of Agreement, a country must first join the
International Monetary Fund. Membership in IDA, IFC and
MIGA are conditional on membership I IBRD.
• Q No. 02: What is the India’s share in World Bank?
Answer: Earlier it was 2.77% now it is increased 2.91%
becoming seventh largest share holder in World Bank.
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