education

1. A Report on-
THE ROLES OF WORLD BANK AND IMF
Date of submission-14-July-2012

2. A Report
On
THE ROLES OF WORLD BANK AND IMF
Section-A
Course Title-International Business
Course code-BBA 1304
Prepader for-
Meharunnasa Eva
Senior Lecturer Department of Business Administration (DBA)
Northern University Bangladesh
Prepared by-
ID Name Marks

3. Letter of Transmittal
Date: July 14, 2012
To
Meharunnasa Eva
Senior Lecturer Department of Business Administration (DBA)
Northern University Bangladesh
Subject: Submission the report on “The roles of WORLD BANK an IMF.”
Dear Madam,
With immense pleased. I am pleased submit to you the report, due on July, 14 2012, on the Topic
“The roles of WORLD BANK an IMF.”
The content of the report mainly covers the nine broad chapters to describe overview of World
Bank & IMF, Brief description of IMF, Organization description and Findings &
Recommendation & conclusion.
I hope that you will asses my report considering limitations of the study. Your kind advice will
encourage me to do further work. I shall be highly grateful if you kindly accept my report. Your
kind approval is solicited.
Sincerely your
Emranul Haque
BBA 100103384
On the behalf of group members

4. Acknowledgement
This paper was prepared by the Public Sector and Governance Group of the World Bank Poverty
Reduction and Economic Management Network. The authors would like to acknowledge the
World Bank team involved in the preparation of this document. The principle authors—Cem
Dener (PRMPS), Joanna Alexandra Watkins (PSP GET), and William Leslie Dorotinsky
(ECSP4)—would like to thank Pedro Arizti, Christine de Mariz Rozeira, Ana Bellver Vazquez-
Dodero, Alexandre Arrobbio, and Jose Eduardo Gutierrez Ossio (LCSPS) for their suggestions
and guidance in developing this study. The authors would also like to thank Ali Hashim,
Salvatore Schiavo-Campo, Richard Allen, and Gert Van Der Linde for their invaluable peer
review comments on this study. Finally, we would like to thank Jim Brumby, Nick Manning, and
Parminder Brar for their substantive contributions. The map was reproduced by the World Bank
Map Design Unit.

5. Executive Summary
Since 1984, the World Bank has _ nanced 87 Financial Management Information System (FMIS)
projects in 51 countries, totaling over US $2.2 billion, of which US $938 million was for FMIS-
related ICT solutions.1 This study presents the World Bank’s experience with these investment
operations, including substantial ICT components, in order to share the achievements and
challenges observed, and provide guidance for improving the performance of future projects.
Building on the existing FMIS literature and new data available, this study is structured
according to four overarching questions:2 What historical pa_ erns emerge from World Bank–_
nanced Treasury/FMIS projects? This includes an analysis of project scope, cost, duration,
design, objectives, and ICT solutions, among other aspects. How have such projects performed
according to various criteria? What are the key factors that contribute to the success and failure
of projects? What have we learned that could be useful for future projects? The _ ndings of this
study are primarily based on the 2010 FMIS Database, which includes 55 closed and 32 active
Treasury/FMIS (T/F) projects implemented between 1984 and 2010 (7 pipeline projects are also
analyzed in some sections).3 The data were gathered primarily from internal World Bank
documents and sources: individual project Implementation Completion Reports (ICRs), Project
Appraisal Documents (PADs), and the Independent Evaluation Group (IEG) reports, and were
complemented by interviews with project leaders and public sector/informatics specialists. The
Database contains a rich set of operational data and performance ratings for the bene_ t of those
involved in the implementation of such projects, as well as client countries. The Latin America
and Caribbean region of the World Bank stands out with the largest number of completed (25)
and active (4) projects. The Africa region follows with 13 completed and 12 active projects. The
majority of these completed projects are comprehensive FMIS solutions (32) or an expansion of
such systems (13).

6. The approach followed by World Bank teams in the preparation of completed and active projects
is also analyzed by determining the degree of a_ ention to key preparation activities. There were
some sign cant delays, but mostly within the project budget. Comparisons to similar applications
in the private sector are also provided to highlight parallel performance pa_ erns. Building from a
previously prepared dra_ FMIS report in 2003 (Dorotinsky and Cho), this study reviews a
broader set of projects and documents to analyze the performance and outputs of FMIS projects,
with an in-depth analysis of the success and failure factors (the previous draw_ FMIS report
focused on 31 projects from 24 countries, whereas the current report covers 94 projects from 51
countries). Based on the _ endings of the current study, the interventions of the World Bank in
the design and implementation of FMIS solutions have been reasonably successful in most
countries.

7. Abbreviation and Acronyms
SL Abbreviation Elaboration
1 ACI Advanced Chemical Industry
2 AV Audio-Video
3 BSTI Bangladesh standards and testing institution
4 CB Consumer Brands
5 CGMP current Good Manufacturing Practices
6 DP Dealer Price
7 ICI ImperialChemicalIndustries
8 ISO International Organization for Standardization
9 LC Letter of Credit
10 LCD liquid crystal display
11 LED light-emitting diode
12 MRP Maximum Retail Price
13 NDDS Novel Drug Delivery Systems
14 SBU Strategic Business Unit
15 TP Trade Price
16 TVC TV Commercial
17 WHO World Health Organization

8. Table of Contents
Name of the topic Page No.
Chapter 1 1.1 Introduction 1
1.2 Objective of the study 2
1.3 Methodology of the study 2
1.4 Rational of the study 3
1.5 Limitation of the study 3
Chapter 2 2.0 Profile of the WB & IMF
2.1 Background of the World Bank & IMF 4
2.2 Vision Statement WB 5-6
2.3 Mission Statement WB 6-7
2.4 Objectives of World Bank 8
Chapter 3 3.0 Description of the WB & IMF
3.1 What is the Role of the World Bank? 9-11
3.2 Key IMF Activities 12
3.3 World Bank and The International Monetary Fund 13
3.4 The Origins of the IMF and World Bank 14-15
3.5 The IMF and the World Bank, How Do They Differ 15-16
3.6 History of The WB Director 16-17
Chapter 4 4.0 Conclusion 18
4.1 Recommendation 19
4.2 Reference 19
4.3 Appendix 20