The presentation provides an overview of BRICS, an association of five major emerging economies: Brazil, Russia, India, China and South Africa. It discusses the formation of BRICS from the original BRIC grouping, the member countries and their leaders. The key objectives of BRICS are to achieve regional development, act as a bridge between developed and developing nations, and gain advantages in trade negotiations. Major BRICS summits and the BRICS Bank are also summarized.
4. OUR GROUP MEMBERS
Afroza Parven Ema
ID: 1712348107
Department of Public Administration
University of Rajshahi
Rezuan Taufiq
ID: 1610248160
Department of Public Administration
University of Rajshahi
MD. Masud Rana
ID: 1610248151
Department of Public Administration
University of Rajshahi
Mst. Nusrat Jahan Luna
ID: 1712348148
Department of Public Administration
University of Rajshahi
Sayed Asraful Islam Akash
ID: 1610248146
Department of Public Administration
University of Rajshahi
Tasmin Zaman
ID: 1712048125
Department of Public Administration
University of Rajshahi
5. WHAT IS THE WORLD BANK?
⢠The world bank is a international organization dedicated to
providing financing, advice and research to devel op nations to aid
their economic advancement.
⢠World bank is a vital source of financial & technical assistance to
develop countries around the world.
⢠It supplies qualifying individuals & and governments with low
interest loans , zero interest credits and grants.
6. HISTORICAL BACKGROUND OF
WORLD BANK
⢠The world bank established in 1944 to rebuild post world war 2 Europe
under the international bank for reconstruction & development in
BRETON WOOD CONFERENCE.
⢠The world bank officially began operations in June 1946.
⢠Since its inception, the world bank has lent and given grants and credits
worth $400 billion.
⢠The International bank for reconstruction for development (IBRD)
established in 1945.
7. ORGANIZATIONAL
STRUCTURE
The organization of the bank consists of the board of governors, the board of
executive directors and advisory committee.
⢠BOARD OF GOVERNORS
The board consists of one governors and one alternative governor appointed for 5
years by each member country. Each governor has the voting power which is
related to the financial contribution of the government which he represent.
⢠BOARD OF DIRECTORS
It consists of 21 members, 6 of them are appointed by the six largest shareholders,
namely the USA , the UK, the west Germany , FRANCE, JAPAN & INDIA. The
rest of the 15 members are elected by the remaining countries.
⢠ADVISORY COMMITTEE
An advisory committee Is a collection of Individuals who bring unique
knowledge and skills which augment the knowledge and skills of the formal
board of directors In order to more effectively guide the world bank.
8. OBJECTIVES OF WORLD BANK
⢠1. Strengthen economies and expand markets to improve the quality of life
for people everywhere but especially the poorest.
⢠2. to provide guarantee for loans granted to small and large units and other
project of member countries.
⢠3.To ensure the implementation of developing projects so as to bring about
a smooth transference from a war time to peace economy.
⢠4. advise globally on the investment of private capital in development
projects.
⢠5. providing technical , economic , and monetary advice to member
countries for specific projects.
9. FUNCTIONS OF WORLD
BANK
⢠Helps the war divested countries
⢠Provide extensive experience and the financial resources for help the
poor countries.
⢠It helps the under developed countries by granting loans.
⢠It also provides loans to various govt for irrigation, agriculture,
water supply , health , education etc.
⢠It promotes foreign investments to other organizations by
guaranteeing the loans.
⢠Also, world bank provides economic , monetary and technical advice
to the member countries for any of their projects.
⢠Thus, it encourages the development of of-industries in
underdevelopment countries by introducing the various economic
reforms.
10. HOW WORLD BANK IS FUNDED
⢠Mainly it doesnât borrow from people . Instead it borrows from the
world financial markets.
⢠In other words in 2017 the world bank borrowed $56B from the
worlds financial markets.
⢠It is expected that the member countries will repay , if there is a
need to. There has never been this need so far . Because of this
guarantee, the world bank can borrow at a good rate.
11. SUCCESS OF WORLD BANK
Some successful projects :
1) âBasic needsâ approach project.
2) âPursuant Projectâ
3) âProject in Yugoslaviaââ
Some additional success :
Health services
Electricity services
Water services
140000 kilometers of roads were constructed , rehabilitated or upgraded.
12. FAILURES OF WORLD BANK
Some failure project of world bank
⢠WATER PROJECT, TANZANIA
⢠NUTRITION FAILURE, ECUADOR
⢠EVICTION IN NIGERIA
⢠ECONOMIC DEVELOPMENT PROJECT, CHAD
13. THE GROUP OF WORLD BANK
The
Group Of
World
Bank
International Bank for
Reconstruction and Development
(1945)
International Development
Association
(1960)
International Finance Corporation
(1956)
Multilateral Investment Guarantee
Agency
(1988)
International Centre for Settlement
of Investment Disputes
(1966)
14. IBRD
⢠The worldâs largest development bank, IBRD provides financial products and
policy advice to help countries reduce poverty and extend the benefits of
sustainable growth to all of their people.
Product & Service
Financing & Risk
Management
IBRD
SERVICE
15. IDA
The International Development Association (IDA) is the part of the World Bank that
helps the worldâs poorest countries. Established in 1960. Overseen by 173
shareholder nations, IDA aims to reduce poverty by providing loans (called
âcreditsâ) and grants for programs that boost economic growth, reduce inequalities,
and improve peopleâs living conditions.
LOANS AND GRANTS
From 1960-2018, IDA provided $369 billion for investments in 113 countries.
16. IFC
IFC promotes economic development through private sector. Working with business
partners, IFC invests in sustainable private enterprises in developing countries without
the need for government guarantees. ... IFC also offers advisory services to support
private sector development.
AREA OF WORKING
IFCâs offerings are designed to meet the needs of clients in different industries,
with a special focus on
Agribusiness &
Forestry
Health &
Education
Infrastructure
Manufacturing
Oil, Gas and
Mining
Public-Private
Partnerships
Telecoms, Media &
Technology
Tourism, Retail and
Property
17. MIGA
The Multilateral Investment Guarantee Agency (MIGA) is a member of the
World Bank Group. Their mandate is to promote cross-border investment in
developing countries by providing political risk insurance and credit
enhancement to investors and lenders.
MIGA Take this risks
Transfer risk
Expropriation
War, Terrorism
Violation
MIGA Board
⢠Council of Govornor
⢠Board of Director
18. ICSID
ICSID Structure
ADMINISTRATIVE
COUNCIL
SECRETARIAT
⢠One representative of each
contracting state.
⢠One vote per State
⢠President of the World Bank (no
vole)
FUNCTIONS
⢠Adopt ICSID rules on financing
arbitration, and conciliation
⢠Adopt annual budget
⢠Determine conditions of service of
Secretary general and Deputy
secretary general
⢠Secretary-General
⢠Staff of about 40
FUNCTIONS
⢠Support hearing Process
⢠Training and publications
ICSID offers a distinct set of tools to support achieving the Bankâs goals.
19. WORLD BANK RELATION TO UN
UN Principal Organ
Trusteeship
Council
International
Court of Justice
Security Council
Economic and
Social Council
Secretariat
General Assenbly
20. Economic and Social
Council
Funds and
Programs
Specialized
Agency
Other Bodies
Functional
Commission
High Level
Political Forum ON
SDG
Research and
Training
Regional
Commission
Other Entities
21. WORLD BANK AND
BANGLADESH
⢠International Bank for Reconstruction and Development (IBRD)-17 August, 1972
⢠International Development Association (IDA)- 17 August, 1972
⢠International Finance Corporation (IFC)- 18 June, 1976
⢠International Centre for Settlement of Investment Disputes (ICSID)- 26 April, 1980
⢠Multilateral Investment Guarantee Agency (MIGA)- 12 April, 1988
HISTORICAL
BACKGROUND
22. MAJOR ROLES OF WORLD
BANK IN BANGLADESH
1 . Poverty Alleviation
2 .The World Bank has helped makes Dhakaâs air more breathable
3. The World Bank is the longest external funder of micro credit in Bangladesh
4. education & gender Equality
5. The world Bank leads the donor consortium for health programs in Bangladesh
6. The World Bank helped Bangladesh modernize its agricultural sector:
7. The World Bank is deeply involved in building and improving roads and infrastructure in
Bangladesh
8. The World Bank provides more electricity in Bangladesh
9. The World Bank works for environment protection and climate change
10. The World Bank strengthens the women empowerment in Bangladesh
11. The World Bank works for the social safety net in Bangladesh
12. The World Bank helps Bangladesh create a better investment climate
24. WORLD BANK IN LDCS
⢠What is LDCs?
⢠Example of LDCs
⢠Three criteria are needed for making list of LDCs
⢠Human assets
⢠Economic vulnerability
⢠GNI per capita
⢠Countries must meet two of the three criteria to be
considered for graduation
25. ⢠The World Bank provides low interest loans and grants to LDCs.
⢠Example:
1.Liberia â The world Bank has been an active partner in supporting
Liberia through severe shocks in the aftermath of Ebola virus and the
subsequent slump in commodity prices.
2.Afghanistan âworks for economic growth, reduce inequalities and
improve peopleâs living condition.
26. RECENT ACTIVITIES
⢠The World Bank is working
with the Government to help
the people after Cyclone Idai
in Zimbabwe, Malawi,
Mozambique.
27. ⢠The World Bank Group has
recently released the Little
Data Book on Gender 2019.
⢠Information about men and
women.
⢠the length of paid maternity
leave and whether women
are legally able to work in
the same industries as men.
28. ⢠The World Bank is helping for
upgrading four neighborhood
in Dhaka city.
1. Kamrangirchor
2. Lalbagh
3. Sutrapur-Nayabazar-
Gulistan
4. Khilgaon- Mugdha-
Bashabo.
⢠For upgrading public spaces.
29. ⢠The World Bank is increasing itâs
funding for Mini Grids project. Mini
grids are now one of the best solution
for closing the energy access gap.
⢠The World Bank is working for
Rohingya issue by giving grants. It is
for providing basic services.
30. CRITICISM
ď Promoting the Washington
consensus.
ď Ignoring the environmental
and social impact projects it
supports.
ďś For example: Brazilâs
Polonoroeste development
,Dam project in India.
31. ď Causing high debt among
developing countries.
ď Autonomy is limited
because of US Government
32. ENDING REMARKS
⢠Goal- poverty reduction
⢠Focus-developing countries
⢠Working field-Human development
⢠Rural development
⢠Agriculture , Infrastructure, Governance
34. PRESENTATION TOPIC
⢠Introduction
⢠From "BRIC" to "BRICS"
⢠Why BRICS formed
⢠Member countries and current leaders
⢠Major objectives
⢠BRICS Summits
⢠BRICS Bank
⢠Achievements and Failures
⢠Conclusion
⢠References
35. INTRODUCTION TO BRICS
⢠BRICS is the acronym for an associations of five major emerging national
economies: Brazil, Russia, India, China and South Africa
⢠It is an independent international organization encouraging commercial, political and
cultural cooperation between the BRICS nations, was formed in 2011
⢠South Africa currently holds the chair of the BRICS group and hosted the group's
10th summit in July 2018.
36. From " BRIC" to "BRICS"
1. BRICS is formed for following two major reasons
2. To be an Alternative to World Bank and IMF to challenge US
supremacy.
3. To provide self owned and self managed orgnization to carry out
Developmental and Economical Plans in memeber nations without
being dependent on any foreignl agency.
37. BRAZIL
⢠One of the largest country in South
America.
⢠Extremely rich in resources.
⢠Industrial output is strong.
⢠President Jair Bolsonaro is the current
leader.
RUSSIA
⢠Russia occupies one- tenth of all the land
on earth.
⢠Accounts for around 20% of the world's oil
and gas reserves.
⢠Third largest exporter of steel and
aluminum.
⢠President Vladimir Putin is the current
leader from Russia.
38. INDIA
⢠1.33 billion people
⢠Natural resources
⢠2nd largest labor force
⢠Fastest growing economies
⢠Prime Minister Narendra Modi is the current leader
SOUTH AFRICA
⢠57 million people
⢠Richest in terms of its mineral reserves
⢠President Cyril Ramaphosa is the current leader of BRICS
39. MAJOR OBJECTIVES
⢠To achieve regional development
⢠To act as a bridge between developed and
developing countries
⢠To gain an advantage in trade and climate
change negotiations
⢠Formed an information sharing and
exchange platform
⢠To complete with the western power
40. BRICS SUMMITS
Date(S) Host country Host leader Location
1st 16 June, 2005 Russia Dmitry Medvedev Yekaterinburg
2nd 15 April, 2010 Brazil Luiz Inacio,
Lula da Silva
Brasilia
3rd 14 April, 2011 China Sanya, Hainah
4th 29 March,2012 India Manmohan Singh New Delhi (Taj
Mahal Hotal)
5th 26 March,2013 South Africa Jacob Zuma Durban
6th 14 July Brazil Dilma Rousseff Fortaleza
7th 8-9 July, 2015 Russia Vladimir Putin USA
8th 15-16 October, 2016 India Narendra Modi Benaulim,Goa
9th 3-5 September, 2017 China XI Jinping Xiamen
10th 25-27 July, 2018 South Africa Cyril Ramaphosa Johannesburg