t he w orld b ank g roup rohini sengupta & sreya vaidyanathan
TRANSCRIPT
![Page 1: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/1.jpg)
THE WORLD BANK GROUPRohini Sengupta & Sreya Vaidyanathan
![Page 2: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/2.jpg)
HISTORY
Established in1944 at the Bretton Woods Summit in New Hampshire
Conceived for the reconstruction Europe
International Bank of Reconstruction and Development First loan to $250 million to France Offices setup in Paris, Prague, and Copenhagen
![Page 3: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/3.jpg)
TRANSITION
Transitioned and expanded responsibilities in the 1980s Macroeconomics and debt rescheduling Social and environmental issues
Criticisms prompted: Waphens Report Inspection Panel 1994 Annual Meeting in Madrid
Larger role in global policy Expanded to 5 financial & banking agencies –
each with its own Articles of Agreement
![Page 4: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/4.jpg)
![Page 5: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/5.jpg)
PURPOSE
Mandate has evolved: worldwide poverty alleviation
Source of technical and financial assistance for developing countries Low interest loans, interest free credits, grants Supports investment Trust fund partnerships
Policy advice, research & analysis, technical assistance
Still focuses on post-war reconstruction
![Page 6: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/6.jpg)
SIX STRATEGIC THEMES
Focus on… Poorest countries Fragile/conflict affected states The Arab world Middle income countries Global public goods issues Education
![Page 7: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/7.jpg)
MEMBERSHIP AND LEADERSHIP Current President: Rober B. Zoellick 187 Members
US, UK, France, Germany, and Japan are largest shareholders
Ultimate decision making power with member countries: Board of Governors (senior decision-making body) Board of Executives (25 members)
Each member has one Governor and one Alternate
5 Largest shareholders appoint Directors, other 20 are elected
![Page 8: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/8.jpg)
ADVANTAGES/BENEFITS OF MEMBERSHIP
Loans to developing countries for capital projects
Benefits economic prosperity in the long run Free trade with foreign investment & capital
investment Foreign investment Access to capital markets Opens new markets Falling extreme poverty rates Increase in general education rates
![Page 9: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/9.jpg)
DISADVANTAGES/ CRITICISMS
Structural adjustment “worsens life for the poor” Only effective in countries with stable institutional
frameworks (Sub-Saharan Africa worse) Global inequity Shock therapy
Detrimental to health, environment & cultural diversity Brazilian Kayapo People
Run by a small number of economically prosperous countries American leaders
“Sovereign immunity”
![Page 10: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/10.jpg)
WORLD BANK & AP6: MEXICO
Worldbank.org
![Page 11: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/11.jpg)
WORLD BANK & AP6
MEXICO: 18 active projects Oportunidades Program
5.8 million of the poorest “provides cash on condition health, education
and nutrition targets are met, including regular medical check-ups and school attendance” (WB Press Release 2010)
Extreme poverty 10.4% 10.2% NIGERIA: 130 loans Fadama II project (agriculture), microfinance
projects, HIV/AIDS, education, water projects
![Page 12: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/12.jpg)
WORLD BANK & AP6:
IRAN Active project: Alborz Integrated Land & Water Management Increases agricultural productivity US $120 mil May 2005- October 2012
CHINA: 107 active projects, 315 completed projects
US $1,770.72 mil loaned in 2011
Railroad programs, health programs, urban development programs, agricultural programs
![Page 13: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/13.jpg)
WORLD BANK & AP6:
UK: 3.75% voting power Represented on Board of Governors 2007/2008: 1.4 billion pounds loaned RUSSIA: 10 investment projects in Russia
totaling US$ 987 million (2012) More than 70 projects Public administration and fiscal policy,
human and infrastructure development, energy efficiency and environmental and forestry protection
![Page 14: T HE W ORLD B ANK G ROUP Rohini Sengupta & Sreya Vaidyanathan](https://reader035.vdocuments.us/reader035/viewer/2022062517/56649ec65503460f94bd2994/html5/thumbnails/14.jpg)
WORKS CITED "Amazon Indians Attack Official Over Dam Project." National Geographic. National
Geographic Society. Web. 26 Mar. 2012. <http://news.nationalgeographic.com/news/2008/05/080521-AP-indians-dam.html>.
"EDITORIAL - Criticism of World Trade Organization, World Bank and International Monetary Fund - Editorial." CBS Interactive. CBS Interactive Business Network, 01 Sept. 2000. Web. 26 Mar. 2012. <http://findarticles.com/p/articles/mi_m2465/is_6_30/ai_65653637/>.
"Mexico." Overview. World Bank. Web. 26 Mar. 2012. <http://www.worldbank.org/en/country/mexico/overview>.
"Russian Federation." Russia Projects & Programs. Web. 26 Mar. 2012. <http://www.worldbank.org/en/country/russia/projects>.
“UK.” Overview. World Bank. Web. 26 Mar. 2012. <http://www.worldbank.org/en/country/uk/overview
“China.” Overview. World Bank. Web. 26 Mar. 2012. <http://www.worldbank.org/en/country/China/overview
"Leadership." About Us. 19 Jan. 2012. Web. 26 Mar. 2012. <http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:22428930~menuPK:1697011~pagePK:51123644~piPK:329829~theSitePK:29708,00.html>.
"Site Tools." About Us. The World Bank Group, 31 Jan. 2012. Web. 26 Mar. 2012. <http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:20653660~menuPK:72312~pagePK:51123644~piPK:329829~theSitePK:29708,00.html>.
"What We Do." About Us. The World Bank Group, 8 Mar. 2012. Web. 26 Mar. 2012. <http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:20103838~menuPK:1696997~pagePK:51123644~piPK:329829~theSitePK:29708,00.html>.