INTRODUCTIONPresident :- Dr. Jim Yong KimMembership :- 188 countriesAffiliates :- IBRD, IDA, IFC, MIGA, ICSIDHeadquarters :- Washington, DC, USA and more than 150 country Staff :- More than 9,000 employeesEstablished :- July 1,1944India became its member in 27th Dec, 1945

Dr. Jim Yong Kim

What is World Bank…?The World Bank is a vital source of financial and

technical assistance to developing countries around the world. We help governments in developing countries reduce poverty by providing them with money and technical expertise they need for a wide range of projects—such as education, health, infrastructure, communications, government reforms, and for many other purposes.

HISTORY The World Bank was created at Bretton

Woods in 1944 to lend to European countries to help them rebuild after World War II. It was the world's first multilateral development bank, and was funded through the sale of World Bonds. Its first loans were to France and other European countries, but soon lent money to Chile, Mexico and India to build power plants and railways. By 1975, the Bank also lent money to countries to help with family planning, pollution control and environmentalism.

How is it different form other banksThe term "World Bank" refers only to

the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The term "World Bank Group" incorporates five closely associated entities that work collaboratively toward poverty reduction: the World Bank (IBRD and IDA), and three other agencies, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). 

World bank and IndiaThe World Bank Group is a key development

partner of countries across the world including India. In India the World Bank has a portfolio of 77 active projects and current total commitments of US$24 billion. The strategy comprises of three key pillars: 

- Maintaining rapid and inclusive growth- Making development sustainable and - Increasing the effectiveness of service delivery

Lending to India in the fiscal year 2011 was US$25.6 billion.

The Bank offers two basic types of loans: Investment loans: Support of

economic and social development projects

Development policy loans: Quick disbursing finance to support countries

SUPPORT TO INDIAIndia has been borrowing from the World Bank through IBRD and IDA for various development projects in the area of poverty alleviations, infrastructure, rural developments etc.IDA funds are one of the most concessional external loans for GoId and are used largely in social sector projects that contribute to the achievement of Millennium Development Goals.India has borrowed around US$ 65.8 billion from the World Bank so far.In 1958, the Bank played an important role in establishing ‘India Aid Club’ for providing specific economic assistances to India. It has now been renamed as ‘India Development Forum’.International Development Association (IDA), an associate of World Bank is known as the soft loan window of the Bank and was established on September 24, 1960.During 1995-96 (July-June), India ranked first among the nations getting assistance from IDA.

Projects in India Agriculture Infrastructure:

• Power • Transport• Water• Urban development

Skills

GRANTSRelieve the debt burden of heavily indebted

poor countriesImprove sanitation and water suppliesSupport vaccination and immunisation

programs to reduce the incidence of communicable diseases like malaria

Combat the HIV/AIDS pandemicSupport civil society organisationsCreate initiatives to cut the emission of

greenhouse effect

Analytic And Advisory ServicesPoverty AssessmentsPublic Expenditure ReviewsCountry Economic MemorandaSocial and Structural ReviewsSector ReportsTopics in Development

AREA OF OPERATIONAgriculture and

Rural DevelopmentEconomic policyEducationEnergyEnvironmentFinancial sectorHealth, nutrition and

population industry

Information, computing and telecommunication

Law and justicePrivate sectorSocial protectionTradeWater resourcesWater supply and

sanitation

INDIA ASSOCIATION WITH WORLD BANK

It was started to reduce poverty but it support United States’ business interests.

It is deeply implicated in contemporary modes of donor and NGO driven imperialism.

The President of the Bank is always a citizen of the United States.

Lack transparency to external publics.It is an instrument for the promotion of U.S. or

Western interests.The decision-making structure is undemocratic.It has consistently pushed a “neo-liberal”

agenda.

5 PRIORITIES OF WORLD BANK

World bank provides the largest external funds for education.

It is a big support in reducing poverty.It provides fund for biodiversity projects.it helps to bring clean water, electricity, and

transport to poor people.It helps in controlling emerging conflicts.