Kaushal Chandak

8/2/2019 Kaushal Chandak

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WORLD BANK


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PRESENTED BY:KAUSHAL CHANDAK


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WORLD BANK

The world bank is an

internationally supported

bank that provides

financial and technical

assistance to developing

countries for

development programs

(e.g. bridges, roads,

schools)with the statedgoal of reducing poverty.

BUILDING OF WORLD BANK


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INTRODUCTION

President :- Robert B. Zoellick

Membership :- 185 countries

Affiliates :- IFC, MIGA, ICSID Headquarters :- Washington, DC and more than 100

country Staff about 10000 all over the world

Established :- July 1,1944


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Objectives and functions:

To aid the task of reconstruction of the war-affectedeconomies of Europe and assist in the development of theunderdeveloped nations of the world.

As of today, the World Bank is a group of five internationalorganisations responsible for providing finance to differentcountries.

It is entrusted with the task of economic growth andwidening of the scope of international trade.

Emphasis on developing infrastructure facilities likeenergy, transportation and others and decided to divertresources to bring about industrial and agriculturaldevelopment in these countries.


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ROBERT B.ZOELLICK


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NEED OF WORLD BANK

NEED OF WORLDBANK

BUILD CAPACITY

CREATEINFRASTRUCTURE

DEVELOPFINANCIAL

SYSTEM

COMBATCORRUPTION


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HISTORYThe world bank is one of the two Bretton WoodsInstitutions which were created in 1944 to rebuild

a wartorn Europe after World War II . Later ,largelydue to the contributions of the Marshall Plan ,the

World Bank was forced to find a new area in whichto focus its efforts.


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How it differs from world bank

groupWorld Bank comprises only two institutions:

the international bank of reconstruction anddevelopment (IBRD) and the internationaldevelopment association (IDA), whereas the latterincorporates these two in addition to three moreinternational finance corporation (IFC), multilateralinvestment guarantee agency (MIGA), andinternational centre for settlement of investmentdisputes (ICSID).


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CONTRIBUTION

POVERTY

REDUCTION

STRATEGIES

COMPREHENSIVE

DEVELOPMENT

FRAMEWORK


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OPERATIONS

Fund generation

Loans

GrantsAnalytic & Advisory Services

Capacity building


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FUND GENERATION

IBRD lending to developing countries is financed byselling AAA-rated bonds.

IDA is the worlds largest source of interest free loansand grant assistance to the poorest countries.


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LOANS

INVESTMENT LOANS

DEVELOPMENT POLICY LOAN

WORLD BANK TREASURY


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GRANTS

Relieve the debt burden of heavily indebted poorcountries

Improve sanitation and water supplies

Support vaccination and immunisation programs toreduce the incidence of communicable diseases likemalaria

Combat the HIV/AIDS pandemic Support civil society organisations

Create initiatives to cut the emission of greenhouseeffect


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CAPACITY BUILDING

Advisory Services and Ask Us

Global Development Learning Network

World Bank Institutes Global and Regional Programs

B-SPAN


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Voting power

In 2010, voting powers at the World Bank were revised toincrease the voice of developing countries, notably China.

The countries with most voting power are now the united

states(15.85%), Japan(6.84%), China (4.42%), Germany (4.00%), the United Kingdom (3.75%), France (3.75%), andIndia (2.91%).

Under the changes, known as 'Voice Reform - Phase 2',other countries that saw significant gains included SouthKorea , Turkey, Mexico, Singapore, Greece, Brazil, India,and Spain.

Most developed countries' voting power was reduced, whilecountries including Nigeria, United State's, Russias

and Saudi Arabias voting power was unchanged.


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AREA OF OPERATION

Agriculture and RuralDevelopment

Economic policy

Education Energy

Environment

Financial sector Health, nutrition and

population industry

Information,computing andtelecommunication

Law and justice Private sector

Social protection

Trade

Water resources

Water supply andsanitation


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SUPPORT TO INDIA

India is home to over one-quarter of theworlds poor, and the World Bank Group is

focused on sharing best practices as well asfinancing for development as part of itsmission ton help reduce global poverty.


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INDIA ASSOCIATION WITH WORLD

BANK


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CRITICISM

It was started to reduce poverty but it support United Statesbusiness interests.

It is deeply implicated in contemporary modes of donor and

NGO driven imperialism. The President of the Bank is always a citizen of the United

States.


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Lack transparency to external publics. It is an instrument for the promotion of U.S. or

Western interests.

The decision-making structure is undemocratic.

CRITICISM


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World bank provides the largest external funds foreducation.

It is a big support in reducing poverty. It provides fund for biodiversity projects.

it helps to bring clean water, electricity, and transport topoor people.

It helps in controlling emerging conflicts.

5 PRIORITIES OF WORLD BANK

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