WORLD BANK
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Transcript of WORLD BANK
WORLD BANK
ITF 212 INTERNATIONAL TRADE AND INVESTMENT
INSTRUCTOR : Assoc. Prof. Dr. Hasan F. BAKLACI Güleycan DAĞDELEN Büşra ÇETMEN Görkem KURU Ahmet N. BOĞANÇ
What is World Bank?
• dedicated to providing finance
• research to developing nations
• created at the end of World War II
HISTORY OF WORLD BANK
• establishing with IMF in 1944
• Sign with 44 countries
• Prepare ‘Articles of agreement’
Articles of Agreement
• To assist in the reconstruction and development
• To promote private investment• suitable finance conditions for productive
purpose• Preferential more useful and urgent projects• To help the post-war years
MISSION ; Create a world fee of poverty’
STRUCTURE
• 184 member countries
• capital ratio 0.5% ratio of votes 0,5
• 55% of capital belong to 11 members
Five Institutions, One Group
International Bank for Reconstruction and Development
• lends to governments of middle-income and creditwo countries.
Interest-free for poorest countries
• the largest global development institution focused exclusively on the private sector
• to promote foreign direct investment into developing countries
• provide international facilities
TO BE A MEMBER OF WORLD BANK
• Must be member of IMF
• Must be member of IBRD
• the final decision-making power within the organizations on all matters
TODAY…
• attempts to fight poverty
• more direct government support policies and infrastructure projects
• 12th president is Jim Yong Kim
TYPES OF LOANS
LEARNING AND INNOVATION LOAN
• small-scale investments • Learn from observation• ’Commodities Market
Development Project’’ in Turkey
SPECIFIC INVESTMENT LOANS (SIL)
• Growth economic, social and institutional infrastructure projects.
• Turkey received 194 loan
EMERCENCY RECOVERY LOAN (ERL)
• extraordinary events
FINANCIAL INTERMEDIARY LOAN
• accommodate needs of the real sector investment
• credit to the local financial institutions
• Long term credit
INVESTMENT LOANS• realize public
investment projects• Finance part of the
project
ADJUSTMENT LOANS• support the
implementation of economic policy
• structural adaptation changes in
macroeconomic policy,• used at one stage or
step by step
-World Bank-Turkey Relations-
• became a member of the World Bank in 1947
• Turkey 0.48% of the voting power• 24 .01.1980 Turkish economies liberalization
program • 159 credit agreement signed with Turkey
since 1947
• Turkey’s geographical location important• needs :• such as performed this situations • Turkey has big potential• Turkey not use net resources against World
Bank
starting with 1989• more loans are the currency• interest rate payment has realized
Turkey's Worl d Bank Group debt the share of total foreign debt :
• 1.358 million$, to the IFC • 103 million$ to the IDA• 2.883 million$ to the IBRD
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