the world bank - an overview[1]

7/24/2019 The World Bank - An Overview[1]

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The WorldBank


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ITRODUCTION

A vital source of financial and technical

assistance to developing countries around the

world.

Made up of two unique development institutions

owned by 185 member countries

1. International Bank for Reconstruction andDevelopment IBRD!

". International Development #ssociation ID#!.


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ITRODUCTION Contd..

Each institution plays a different but supportiverole in the mission of global poverty reduction

and the improvement of living standards.

!"# focuses on middle income and credit

worthy poor countries.

#Afocuses on the poorest countries in the

world.


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$I%TOR& $he !an% came into formal e&istence on '( #ecember

1)*5 following international ratification of the !retton

+oods agreements, where the -nited ationsMonetary and /inancial 0onference that led to their

establishment too% place 1 2uly3'' 2uly 1)**4.

0ommencing operations on '5 2une 1)*, it approvedits first loan on ) May 1)*( .


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OB'(CTI)(%

$he +orld !an% was created with the following

ob6ectives714 $o help in the reconstruction and development of

territories of members by facilitating the investment of

capital for productive purposes .

'4 $o promote private foreign investment4 $o promote the long3range balanced growth of

international trade


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OB'(CTI)(%

*4 $o encourage loans made or guaranteed so

that the more useful and urgent pro6ects will be

dealt with first,

54 $o conduct its operation so as to bring about a

smooth transference from a war3time to peace3time economy.


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*endin+ ,ro+rammes

9tructural Ad6ustment lending

9pecial Action :rogramme !3;oan and E&port 0redit


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ID#

:overty $est

:erformance $est :ro6ect $est


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O,(R#TION%

#reas of operation Agriculture and "ural #evelopment

0onflict and #evelopment

;aw and 2ustice

Macroeconomic and Economic


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O,(R#TION% Contd-..

9o, where does the money come from to operate the

+orld !an%, and how do they use the funds to carry

out their mission>

und /eneration $hrough "!#

$hrough #A

$hrough repayment the loans

*oans

+orld !an% offer two basic types of loans and credits7


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O,(R#TION%


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O,(R#TION%


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O,(R#TION%


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O,(R#TION%


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O,(R#TION%


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M:A0$ 3 +orld on +orld !an%

$he +orld !an% and its mar%et3driven healthpolicies are getting the ire of health activists

and e&perts, who say the !an%?s cures are

harming the developing3country patients they

see% to help.


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CRITICI%0

Criticisms

$he annual world development indicators that are

released by the +orld !an% are generally full of

erroneous data and even biased towards the views of the

business elites.

;ac% of Accountability

$heir policies have failed to achieve M#:.


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##,*#UD%

#pplauds$he commitment of +orld !an% towards greater transparency

and removal of corruption from the @rganiation.

$he world has e&perienced the most rapid growth in all

history in the last 5B years, and this includes the $hird +orld

as well as the industrialied countries.

$he +orld !an% ma%es the best long3term analysis and

provides a framewor% around which other donors can co3

ordinate.


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UTUR( DIR(CTION

$he !an% can further strengthen its effectiveness

in helping countries reduce poverty by7

A focus on the nature of growth.

A well-articulated results chain to achieve sectoral

outcomes.

A realistic assessment of the political economy of

governance-related reforms.


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T$#N2 &OU

the world bank - an overview[1]

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