WORLD BANK

OBJECTIVES
RECONSTRUCTION AND DEVELOPMENT OF WAR SHATTERED ECONOMIES ENCOURAGEMENT TO PRIVATE FOREIGN INVESTMENT PROMOTE BALANCED GROWTH OF INTERNATIONAL TRADE

 ENCOURAGE CAPITAL INVESTMENT IN DEVELOPING COUNTRIES

ENHANCE THE PRODUCTIVE CAPACITY AND LIVING STANDARDS OF THE PEOPLE

THE WORLD BANK

The World Bank

The Banks initial goal was to assist in the reconstruction of post-war Europe Now, the Bank makes development loans to developing countries
Goal is to reduce poverty by financing and assisting in numerous projects such as healthcare, education, infrastructure, communications, and other like projects

THE WORLD BANK

THE WORLD BANK

The World Bank

The World Bank promotes
long-term economic development and poverty reduction

THE WORLD BANK

It provides technical and financial support to help countries reform particular sectors or implement specific projects. For example, building schools and health centres, providing water and electricity, fighting disease, and protecting the environment.

THE WORLD BANK

THE WORLD BANK

One group - Five agencies

IBRD (The International Bank For
Reconstruction and Development): provides loans and development assistance to middle-income countries

IDA (International Development Agency):

Interest free loans and grants to poorest countries

 IFC (International Finance Corporation):

Financing private sector investments and technical assistance to governments and business

MIGA (Multilateral Investment Guarantee

Agency): Provides guarantees to foreign investors technical assistance to help developing countries promote investment
Settlement of Investment Disputes)

ICSID (International Centre for the

THE WORLD BANK

THE WORLD BANK

There is a lot of co-operation between the IMF and the World Bank as there are many areas of overlapping responsibilities.
There are many joint-meetings and missions. (E.g. the annual meeting of the boards of governors of the IMF and the World Bank) The membership of both organisation is the same.

Co-operation and overlap IMF World Bank

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THE WORLD BANK

Bretton Woods

In response to post-war reconstruction and to discuss the future of international economic cooperation In July of 1944, representatives from 44 countries met at Bretton Woods, New Hampshire. Creation of two institutions,
1.International Monetary Fund (IMF) 2.International Bank for Reconstruction and Development a.k.a. the World Bank

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Structure of the World Bank

Headquartered in Washington D.C. Over 100 offices all over the world 185 member countries Membership of the IMF is required 5 Largest shareholders: France, Germany, Japan, UK, and US

THE WORLD BANK

THE WORLD BANK

THE WORLD BANK

Anti-Corruption

The Bank has identified corruption as among the greatest obstacles to economic and social development.

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Enforcing Anti-Corruption
India: The Bank has held up over $1 billion in health loans due to corruption concerns. Bangladesh: The Bank has cancelled road contracts, health, nutrition and municipal services projects, due to corrupt bidding practices. Uzbekistan: The Bank announced in March that it would stop making new loans to Uzbekistan.

THE WORLD BANK

THE WORLD BANK

THE WORLD BANK

The Wolfowitz Scandal

In 2005, Paul Wolfowitz was appointed by the Bush administration to head the World Bank Group. On May 18, 2007, Paul Wolfowitz, the president of the World Bank retired. Prior to his appointment as president of the World Bank, Wolfowitz had dated Shaha Riza, a World Bank employee.

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Millennium Development Goals

Targets and Goals set for 2015 1. Reducing Poverty and Hungerglobal poverty is projected to fall to 12 percent 2. Educating All Childrenensure that all children complete primary education. 3. Empowering Womeneliminate gender disparity in primary and secondary education. 4. Saving Childrenreduce the under 5 mortality rate.

THE WORLD BANK

THE WORLD BANK

THE WORLD BANK

A New President

Robert Zoelick
On May 30, 2007, it was announced that Robert Zoellick has been nominated to take over the presidency of the World Bank. Zoellick is currently the vice president at Goldman Sachs.
He has previously worked as a U.S. trade representative and is a former Deputy Secretary of State

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THE WORLD BANK

Questions?

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Board of Governors

THE WORLD BANK

Made of up representatives from member countries

Typically, the representatives are ministers of finance or ministers of development

Meet annually to review policies and review membership Ultimate policy makers Elect a Board of Directors every 2 years

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India- Bank Projects Water Sector Projects UPRajastan MP Maharastra-

THE WORLD BANK

THE WORLD BANK

THE WORLD BANK

Health Sector Projects IDSP Malaria Control AIDS State Health Systems Projects

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THE WORLD BANK

India- Bank Projects

Infrastructure Projects Power Sector Projects TN Urban Devp. Project Gujarat Earthquake Assam Roads Delhi Jal Board
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THE WORLD BANK

THE WORLD BANK

India- WORLD Bank Project

Rural Devp. Projects Sodic Lands Project National Agriculture Technology Project UP Forestry

THE WORLD BANK

THE WORLD BANK

India- Bank Projects

Environment Sector Projects Pollution Control Boards Environment Capacity Project

THE WORLD BANK

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THE WORLD BANK

Reshaping Economic Geography

THE WORLD BANK

THE WORLD BANK

Questions?

INDIA s DEVELOPMENT