PRESENTATION ON

WORLD BANK

FARUQUE AHMEDMBA

P.R. POTE COLLEGE OF MANAGEMENT

AMRAVATI

AGENDA WORLD BANK : SHORT INTRODUCTION HISTORY OF WORLD BANK FUNDINGS FUNCTIONS WORKING GROUPS OF WORLD BANK WORLD BANK IN INDIA CASE ADVATAGES DARK SIDE CONCUSION

WORLD BANK : SHORT INTRODUCTION

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries.

The World Bank is a lending institution that funds essential infrastructural requirement, globally.

World Bank as an institution that was designed for investment as well as providing loans.

11th President of the World Bank Group

Robert Bruce Zoellick born July 25, 1953 since July 1, 2007 Nominated by George W. Bush $ 4,00,000 PA

WORLD BANK : SHORT INTRODUCTION

NAME : WORLD BANK H.Q. : WASHINGTON D.C. ESTD. : 27 DEC 1945 MEMBERS : 185 COUNTRIES CURRENT PRESIDENT : ROBERT B. ZOELLICK. STAFF : 10000 IN 100

COUNRIES AUTHORIZED CAPITAL: $184 BILLION FINANCIAL SOURCES : BORROWING ON INTERNATIONAL

MARKET

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World Bank e-Library www.worldbank.org/elibrary Launch: May 20, 2003 The premier collection on international, social

and economic development An electronic collection of World Bank

publications Includes all titles published since 2000 and

several older books Includes 1,800+ backlist titles and all current

and forthcoming titles Plus over 2,700 peer reviewed World Bank

Research Working Papers

World Bank :  History

The World Bank is the outcome of the Bretton Woods Conference, held in 1944. It was launched alongside the International Monetary Fund(IMF), in the presence of a number of important world delegates, and many important policy makers from the United States of America and Britain.

FUNDING Financial resources are acquired

by borrowing on the international bond market.

It issues bonds to raise money and then passes on the low interest rates to its borrowers.

It is made up of 185 member countries. These countries are jointly responsible for how the institution is financed and how its money is spent.

FUNCTIONS

The Bank Group uses financial resources and extensive experience to help poor nations reduce poverty, increase economic growth, and improve the quality of life.

FUNCTIONS

World Bank provides technical and financial assistance to underdeveloped nations for development schemes like building roads, schools, hospitals, etc. The main aim is to eliminate poverty from the world.

FUNCTIONS

The World Bank collaborates with

numerous other partners and multilateral

organizations, including the World Health

Organization (WHO) and the Food and

Agriculture Organization (FAO), to realize

the most far-reaching results possible.

Current global challenges include the

financial crisis, high food prices, and

climate change.

WORKING GROUPS OF WORLD BANK

International Bank for Reconstruction and Development (IBRD)

International Development Association (IDA)

International Finance Corporation (IFC)

Multilateral Investment Guarantee Agency (MIGA)

International Centre for Settlement of Investment Disputes (ICSID)

AFFILIATES OF THE WORLD BANK GROUP

The International Bank for Reconstruction and Development

Established 1945 185 Members Fiscal 2008 lending: $13.5 billion for 99

new operations in 34 countries provides debt financing on the basis of

sovereign guarantees;

IBRD and IDA Lending by Region │ Fiscal 2008Share of Total Lending of $24.7 billion

South Asia17%

Africa23%

Latin America & the Caribbean

19%

Europe & Central Asia

17%

East Asia & Pacific18%

Middle East & North Africa

6%

Regional Lending by Theme and Sector

Urban Development12%

Public Sector Governance

18%

Trade & Integration5%

Human Development9%Rule of Law

1%

Social Protection & Risk Management

4%

Environment & Natural Resource Management

11%

Economic Management

2%

Financial & Private Sector Development

25%

Social Development, Gender & Inclusion

4%Rural

Development9%

IBRD and IDA Lending by Theme │ Fiscal 2008Share of Total Lending of $24.7 billion

IBRD and IDA Lending by Sector │ Fiscal 2008Share of Total Lending of $24.7 billion

Education8%

Finance6%

Energy & Mining17%

Law & Justice & Public Administration

21%

Health & Other Social Services

7%

Agriculture, Fishing & Forestry

6%

Industry & Trade6%

Information & Communication

< 1%

Water, Sanitation & Flood Protection

10%

Transportation19%

AFFILIATES OF THE WORLD BANK GROUP

The International Development Association

Established 1960 167 Members Fiscal 2008 commitments: $11.2 billion for

199 new operations in 72 countries provides concessional financing (interest-

free loans or grants), usually with sovereign guarantees

AFFILIATES OF THE WORLD BANK GROUP

The International Finance Corporation Established 1956 179 Members Fiscal 2008 commitments: $11.4 billion

committed and $4.8 billion mobilized for 372 projects in 85 countries provides various forms of financing without

sovereign guarantees, primarily to the private sector;

AFFILIATES OF THE WORLD BANK GROUP

The Multilateral Investment Guarantee Agency

Established 1988 172 Members Fiscal 2008 guarantees issued: $2.1 billion provides insurance against certain types of

risk, including political risk, primarily to the private sector.

AFFILIATES OF THE WORLD BANK GROUP

The International Centre for Settlement of Investment Disputes

Established 1966 143 Members Total cases registered: 268 Fiscal 2008 cases registered: 32 works with governments to reduce

investment risk;

AFFILIATES OF THE WORLD BANK GROUP

The World Bank (IBRD and IDA), IFC, and MIGA work together as well as independently to reduce poverty, faster growth, and ensure that development is inclusive and sustainable

WORLD BANK IN INDIAIndia's involvement with the World Bank dates back to its earliest days. India was one of the 17 countries which met in Atlantic City, USA in June 1944 to prepare the agenda for the Bretton Woods conference, and one of the 44 countries which signed the final Agreement that established the Bank. In fact, the name "International Bank for Reconstruction and Development" [IBRD] was first suggested by India to the drafting committee.

WORLD BANK IN INDIA Reduce poverty. Develop an investment-environment. Increase job opportunities. Work towards sustainable economic growth. Promote socio-economic growth through

investment. Strengthen governments with education. Empower the development of legal and judicial

systems, business opportunities and protection of individual rights.

Benefit from micro credit as well as large corporate undertakings.

Combat corruption. Promote research and training opportunities.

WORLD BANK IN INDIA Provides low-interest loans, Interest-free credits Grants to include investments in

education, Health, Public administration, Infrastructure, Financial and private sector

development, Agriculture, Environmental and natural resource

management.

WORLD BANK IN INDIA the World Bank has, in September 2009, agreed to

extend budgetary support of $2 million to the Government of India to help public sector banks expand credit for small & medium enterprise (SME), as well as for the development of infrastructure and the rural economy.

Moreover, in June 2009, the World Bank provided additional financing of $400 million to the Small Industries Development Corporation of India (SIDBI) to assist India's SME sector through the financial crisis.

 the World Bank has, in September 2009, agreed to extend $1.195 billion to the India Infrastructure Finance Company Limited (IIFCL) to help finance private-public partnerships in infrastructure, especially in the roads, power and ports sectors.

WORLD BANK IN INDIA the World Bank has supported Andhra Pradesh to

upgrade its state highways. It is now helping to upgrade rail and road connectivity in Mumbai; improve state highways in  Andhra Pradesh, Himachal Pradesh, Kerala, Orissa, Punjab and Uttar Pradesh

To help produce engineers of international standards, the World Bank has supported improvements in the quality of education in engineering institutes in 13 states.

WORLD BANK IN INDIA SARDAR SAROVAR DAM…. World Bank is the financing agency

for this project. The World Bank approved a US$520.75 million IDA credit to India

in a major new attack on three diseases to Combat Malaria, Kala Azar, and Polio

World Bank Approves Two Credits To India For Polio Eradication And Rajasthan District Poverty Initiatives.

The World Bank approved two credits to India worth a total of more than US$243 million. The India Immunization Strengthening Project (US$142.6 million) will benefit millions of children countrywide with intensified efforts to eradicate polio and reduce vaccine preventable diseases, while the Rajasthan District Poverty Initiatives Project (US$100.48 million) will empower the poor to develop their communities in the Indian state of Rajasthan.

And hundreds of projects like these are there .

CASE Lahore, May 4 (ANI): Pakistan will approach the

World Bank (WB) for the appointment of an impartial expert to resolve the Kishanganga power project dispute with India.

Indus Water Treaty Commissioner Jamaat Ali Shah said on Sunday that Pakistan was taking the step because the commission on its own could not settle the matter.

“India has not shown any willingness to sort out the issue … [so] we are approaching the WB,” The Daily Times quoted Jamaat, as saying.

ADVANTAGES Is to fight poverty with passion

and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors

DARK SIDE US held 16.4% of total votes. Major

decisions require an 85% majority, so the US effectively holds power of veto.

All 11 presidents have been chosen by the US because it is the bank's biggest shareholder.

The maximum votes are in hands of US and European countries so poor countries don’t

get much benefits. World Bank imposes anti-communist

conditions while giving the loan, as it did with france

in 1945.

CONCLUSION

Though there are many controversies in the policies of World Bank , still It works to bridge this divide and turn rich country resources into poor country growth. One of the world’s largest sources of development assistance, the World Bank supports the efforts of developing country governments to build schools and health centers, provide water and electricity, fight disease, and protect the environment.

THANK YOU .