Role of World Bank towards Developing economies and

Pakistan :Presented By: Muhammad Waseem

BBA (B&F) 3509GC University Faisalabad

INTRODUCTION ORGANIZATION/MEMBERS HISTORY OBJECTIVES CONTRIBUTIONS BY NATIONS WORLD BANK LOANS DISTRIBUTION REGIONAL DISTRIBUTION OF WORLD BANK WORLD BANK PAKISTAN CRITICISM RECOMMENDATIONS

INDEX FOR PRESENTATION

World Bank Headquarter, Washington D.C.; U.S.A.

World Bank Current PresidentJim Yong Kim

World Bank is a United Nations international financial institution that provides loans to developing countries.

The World Bank is a component of the World Bank Group.

Member of the United Nations Development Group.

The World Bank's official goal is the reduction of poverty.

INTRODUCTION

INTRODUCTION

World Bank established in 1944

A family of five international organizations that make World Bank:

1. International Bank for Reconstruction and Development (IBRD)

2. International Development Association (IDA)3. International Finance Corporation (IFC)4. Multilateral Investment Guarantee Agency (MIGA)5. International Centre for Settlement of Investment

Disputes (ICSID)

THE IBRD HAS 186 MEMBERS COUNTRIES THE IDA HAS 168 MEMBERS NEARLY 10,000 STAFF MEMBERS ARE WORKING AT

HEADQUATERS AT WASHINGTON DC. & IN OTHER 109 OFFICES.

ORGANIZATION/MEMBERS

The world bank was originally established to support reconstruction in

Europe after world war 2 but has since refrained its mission and

expanded its operation.

World bank is one of two major institution created as a result of “Bretton

woods conference” in 1944.

International monetary fund is the 2nd institution.

HISTORY

REDUCE POVERTY REDUCE ILLITERCY REDUCE DISEASE REDUCE CORRUPTION ECONOMIC DEVELOPMENT

OBJECTIVES

CONTRIBUTIONS BY NATIONS

COUNTRY RATES %

U.S.A 16.39

JAPAN 7.87

GERMANY 4.49

U.K 4.30

FRANCE 4.30

WORLD BANK LOANS DISTRIBUTION

WORLD’S BANK TOP 7 BORROWERS1 MEXICO2 BRAZIL3 TURKEY4 PAKISTAN5 CHINA6 INDIA7 ARGENTINA

REGIONAL DISTRIBUTION OF WORLD BANK

LATIN AMERICA &THE CARIBBEAN REGION

$5.9 BILLION/26% OF THE TOTAL LENDING

SOUTH ASIA ACCOUNTED 16%OF ALL LOANS, GRANTS AND CREDITS

EUROPE & CENTRAL ASIA 17% WITH $4 BILLION

SOUTH ASIA 16% WITH $3.8 BILLION

EAST ASIA & THE PACIFIC 14% WITH $3.4 BILLION

MIDDLE EAST & NORTH AFRICA REGION

7% WITH $1.7 BILLION

Significance of the topic “Role of World Bank towards Developing economics: A case study for Pakistan

The significance of the topic is because Pakistan is a Developing Economy

There are several development projects which are financially supported by world bank

Active projects 47 Closed projects 275 Dropped projects 32 Projects in Pipeline 7

Sindh Global Partnership for Education Project 66.0

PK Sindh Public Sector Management Reform Project 50.0

PK-Sindh Barrages Improvement Phase I Project 160.0 PK: Sindh Agricultural Growth Project 76.4

National Immunization Support Project 50.0

Global Partnership for Education - Balochistan Education Project 34.0

Enhanced Nutrition for Mothers and Children 36.24

7 Projects in Pipeline and commitment Amounts in U.S. million $ for Pakistan

Dasu Hydropower Stage I Project 588.4 IDA Partial Credit Guarantee for Dasu Hydropower Phase-I Project 460.0 Power Sector Reform: Development Policy Credit 600.0 PK Fiscally Sustainable and Inclusive Growth DPC 400.0 MDTF KP Emergency Roads Recovery Project 9.0 MDTF KP Emergency Roads Recovery Project 9.1 Pakistan: Punjab Public Management Reform Program 50.0 Competitive Industries Project for Khyber Pakhtunkhwa 9.0 Punjab Health Sector Reform Project 100.0 Pakistan: Second Sindh Education Sector Project 400.0

47 Active Projects and commitment Amounts in U.S. million $ for Pakistan year 2013-14

The above slides have clearly showed the Role of World Bank towards Pakistan’s Developing Economy

The graph, pie diagram and other figures are official figures of world bank

To observe present status of Pakistan’s economy according to World Bank

Objective Toward Pakistan

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

The President of the Bank is always a citizen of the United States. It is an instrument for the promotion of U.S. or Western interests. The decision-making structure is undemocratic. Developing Countries still Developing. Why?

CRITICISM

Where as Pakistan is gifted with multiple resources, capabilities and strength Pakistan must do development projects on its own financial resources. On the other side Pakistan must fill up loop wholes in its govt. administrative

institutions and bureaucracy. Increase, improve and implement on direct tax collection system. To finish imbalancement of between imports and exports

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