the world bank

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The World Bank 1

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Page 1: The world bank

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The World Bank

Page 2: 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:

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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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References:

•www.worldbank.org•Wikipedia•Pratiyogota Darpan

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THANK YOU