the world bank
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The World Bank
Topics to be Discussed
•Introduction•Brief History•World Bank Group•Objectives•Functions•Voting Power•World Bank and India•References
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Introduction:
•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 stated goal of reducing poverty.
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•President - Jim Yong Kim (12th)
•Membership - 188 countries (IBRD) 172 countries (IDA)
•Headquarters - Washington, DC
•Established - July 1,1944
•Parent organization - World Bank Group
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History:
Founded in 1944,at Bretton Woods.
First loan to France in 1947 of $250 million.
1947 - Incorporation into UN System.
1979 - Lending for the fiscal year crosses the $10 billion mark for the first time.
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IBRD
IFC
IDAMIGA
ICSID
World Bank Group:
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World Bank Group:• IBRD: Provides loans and advice to government of
middle income countries to assist development.
• IDA: Provide interest free loans called credits and grants to countries who are not able to borrow through normal market channels or to the poorest countries.
• IFC: Provides loans, equity and technical assistance to stimulate private sectors investment in developing countries.
• MIGA: Provides guarantees against losses caused by non-commercial risks to investors in developing countries.
• ICSID: Provides international facilities for arbitration of investment disputes.
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Objectives:
• To assist in the reconstruction and development of territories of members.
•To promote private investment.
•When private capital is not available on reasonable terms, to supplement private investment.
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•To promote the long-range balanced growth of international trade and the maintenance of equilibrium in balances of payments.
•To arrange the loans made or guaranteed by it in relation to international loans.
• To conduct its operations with due regard to the effect of international investment on business conditions in the territories of members and in the immediate postwar years.
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Functions:• Granting reconstruction loans to war
devastated countries.
• Granting developmental loans to underdeveloped countries.
• Providing loans to governments for agriculture, irrigation, power, transport, water supply, educations, health, etc
• Providing loans to private concerns for specified projects.
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•Promoting foreign investment by guaranteeing loans provided by other organizations.
•Providing technical, economic and monetary advice to member countries for specific projects
•Encouraging industrial development of underdeveloped countries by promoting economic reforms.
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Voting Power:
Uni
ted
Stat
es
Japa
n
China
Germ
any
Unn
ited
Kingd
om
Franc
eIn
dia
Russia
Saud
ia A
rabi
aIta
ly0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
12.00%
14.00%
16.00%
18.00%15.85%
6.84%
4.42% 4.00% 3.75% 3.75%2.91% 2.77% 2.77% 2.64%
Source: www.worldbank.org , 2010
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India :Amount of Lending (Millions Of US Dollars)
Source: www.worldbank.org
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Total projects in India till sep. 2012
672
Total active projects 116
Total closed projects 494
Total dropped projects 44
Total pipeline projects 18
Active Project in India in 2012 10
Project Details in India:
15S. no.
Project Title Commitment Amount million US $
Approval Date
1 ICDS Systems Strengthening & Nutrition Improvement Program (ISSNIP)
106 06/092012
2 Karnataka Watershed Development II 60 06/092012
3 Development Policy Loan (DPL) to Promote Inclusive Green Growth and Sustainable Development in Himachal
100 06/092012
4 Enhancing Capacity for NAP alignment and Reporting to UNCCD Secretariat - India
0.15 12/07/2012
5 Bihar Rural Livelihood Project Additional Financing
100 31/05/2012
6 Rajasthan Agricultural Competitiveness Project 109 27/03/2012
7 India: Secondary Education Project 500 22/03/2012
8 National Dairy Support Project 352 15/03/2012
9 Assam State Roads Project 320 16/03/2012
10 Assam Agricultural Competitiveness Project Additional Financing
50 08/13/2012
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Meeting Challenges in India:
•India is the Bank’s one of the largest borrower, with total commitments of $5.5 billion in fiscal 2011.
•India’s Sarva Shiksha Abhiyan—The Bank-supported, government launched scheme seeks to meet the primary education needs of nearly 200 million poor children living in more than 1 million rural towns and villages across the country.
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•The Bank approved a $1.5 billion loan in fiscal 2011 for the Pradhan Mantri Gram Sadak Yojana.
•In addition a $350 million loan for the Second Karnataka State Highway Improvement Project was approved this fiscal year
•In May the World Bank approved a $1 billion credit and loan as part of its long-term support for the government’s Mission Clean Ganga.
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THANK YOU