THE WORLD BANK

GROUP

and

FUNCTIONS

1
 THE WORLD BANK GROUP

IBRD
Established 1945
IDA
Established 1960

IFC
Established 1956

MIGA
Established
1988
2
 FUNCTIONS OF THE
WORLD BANK

 Provide funds for development projects

 Provide policy advice and technical
assistance
 Promote investment in developing
countries
 Extend grants for project preparation and
institutional building
3
TYPES OF OPERATIONS

 Investment Projects
 Pre-defined specific project
 Implementation aspects defined
 Adjustment Operations
 Structural and Sectoral
 Policy Reform
 Program Operations
 Multi-year investment program
 Investments not precisely pre-defined
 Guarantee Operations
4
IBRD/IDA LENDING BY REGION
(Fiscal Year 2001 – US$17.25 Billions)

East Asia
South Asia
2.13
3.25
18.8% 12.4%

Europe,
Central Asia Africa
15.6% 19.5%
2.69 3.37

3.0%

Middle East & 30.7%

Latin America
North Africa
& Caribbean
0.51
5.30
5
COFINANCING SOURCES

 Official Sources
 Other Development Banks
 Governments
 Export Credit Institutions
 Investment Banks
 Private Sector Investors

6
 IBRD FINANCING

 Funding Borrowing, retained Earnings

Paid-In Capital
 Terms 15-20 years with 3-5 year grace
period. Current interest rate Libor
Base Rate plus Libor Total Spread
 Eligibility (approx. 3.1%)
Member countries with annual per
capita income below $5,225
 Recipients Governments, Government
Agencies and Private Enterprises
with Government Guarantee
 Commitments FY01 – US$10.5 billion for 91
projects
7
 BOARD OF GOVERNORS
made up of the Minister of Finance or
equivalent of each of the Bank’s 181
member countries

EXECUTIVE DIRECTORS
24, representing the constituencies of the
181 member countries

THE PRESIDENT
MANAGING
DIRECTORS OPERATIONS
EVALUATION
STAFF

REGIONAL AND FUNCTIONAL VICE PRESIDENTS

8
 FIDUCIARY SERVICES NETWORK
Eastern Europe and Central Asia (ECA)
Central Core
Services Legal Complex Regional Vice-President
Johannes Linn
Complex
Legal
Procurement/Fi Procurement
nancial
Management

Country Units Sector Units – 5 Operations & Country Services

- Country Offices - Task Team Leaders -Regional Procurement Advisor
Economic Development: -Regional Financial Mgmt Advisor
Director: Chrik Poortman Director: Richard Weston
Infrastructure/Energy RPA: Sunil Bhattacharya
(Hossein Razavi) FMA: John Hegarty
Human Development:
Rural and Sustainable Development
Finance and Privet Sector
9