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    The World Bank

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    Bhagirath Ashiya
    The World Bank promotes long-term economic development and poverty reduction by providing loans and development assistance to middle-income countries, and interest-free loans and grants to poorer nations. It was established along with the IMF at the 1944 Bretton Woods conference and aims to finance projects related to healthcare, education, infrastructure, and more. The World Bank works to reduce corruption and has held up loans when it found corrupt practices in recipient countries.

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    The World Bank

    Uploaded by

    Bhagirath Ashiya
    153 views30 pages
    The World Bank promotes long-term economic development and poverty reduction by providing loans and development assistance to middle-income countries, and interest-free loans and grants to poorer nations. It was established along with the IMF at the 1944 Bretton Woods conference and aims to finance projects related to healthcare, education, infrastructure, and more. The World Bank works to reduce corruption and has held up loans when it found corrupt practices in recipient countries.

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    World Bank, IMF,International Economics

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    The World Bank promotes long-term economic development and poverty reduction by providing loans and development assistance to middle-income countries, and interest-free loans and grants to poorer nations. It was established along with the IMF at the 1944 Bretton Woods conference and aims to finance projects related to healthcare, education, infrastructure, and more. The World Bank works to reduce corruption and has held up loans when it found corrupt practices in recipient countries.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    153 views30 pages

    The World Bank

    Uploaded by

    Bhagirath Ashiya
    The World Bank promotes long-term economic development and poverty reduction by providing loans and development assistance to middle-income countries, and interest-free loans and grants to poorer nations. It was established along with the IMF at the 1944 Bretton Woods conference and aims to finance projects related to healthcare, education, infrastructure, and more. The World Bank works to reduce corruption and has held up loans when it found corrupt practices in recipient countries.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 30

    WORLD BANK

    OBJECTIVES
    RECONSTRUCTION AND DEVELOPMENT OF WAR SHATTERED ECONOMIES ENCOURAGEMENT TO PRIVATE FOREIGN INVESTMENT PROMOTE BALANCED GROWTH OF INTERNATIONAL TRADE

    ENCOURAGE CAPITAL INVESTMENT IN DEVELOPING COUNTRIES


    ENHANCE THE PRODUCTIVE CAPACITY AND LIVING STANDARDS OF THE PEOPLE

    THE WORLD BANK

    The World Bank


    The Banks initial goal was to assist in the reconstruction of post-war Europe Now, the Bank makes development loans to developing countries
    Goal is to reduce poverty by financing and assisting in numerous projects such as healthcare, education, infrastructure, communications, and other like projects

    THE WORLD BANK

    THE WORLD BANK

    The World Bank


    The World Bank promotes
    long-term economic development and poverty reduction

    THE WORLD BANK

    It provides technical and financial support to help countries reform particular sectors or implement specific projects. For example, building schools and health centres, providing water and electricity, fighting disease, and protecting the environment.

    THE WORLD BANK

    THE WORLD BANK

    One group - Five agencies


    IBRD (The International Bank For
    Reconstruction and Development): provides loans and development assistance to middle-income countries

    IDA (International Development Agency):


    Interest free loans and grants to poorest countries

    IFC (International Finance Corporation):

    Financing private sector investments and technical assistance to governments and business

    MIGA (Multilateral Investment Guarantee


    Agency): Provides guarantees to foreign investors technical assistance to help developing countries promote investment
    Settlement of Investment Disputes)

    ICSID (International Centre for the

    THE WORLD BANK

    THE WORLD BANK

    There is a lot of co-operation between the IMF and the World Bank as there are many areas of overlapping responsibilities.
    There are many joint-meetings and missions. (E.g. the annual meeting of the boards of governors of the IMF and the World Bank) The membership of both organisation is the same.

    Co-operation and overlap IMF World Bank

    THE WORLD BANK

    THE WORLD BANK

    Bretton Woods

    In response to post-war reconstruction and to discuss the future of international economic cooperation In July of 1944, representatives from 44 countries met at Bretton Woods, New Hampshire. Creation of two institutions,
    1.International Monetary Fund (IMF) 2.International Bank for Reconstruction and Development a.k.a. the World Bank

    THE WORLD BANK

    Structure of the World Bank


    Headquartered in Washington D.C. Over 100 offices all over the world 185 member countries Membership of the IMF is required 5 Largest shareholders: France, Germany, Japan, UK, and US

    THE WORLD BANK

    THE WORLD BANK

    THE WORLD BANK

    Anti-Corruption

    The Bank has identified corruption as among the greatest obstacles to economic and social development.

    THE WORLD BANK

    Enforcing Anti-Corruption
    India: The Bank has held up over $1 billion in health loans due to corruption concerns. Bangladesh: The Bank has cancelled road contracts, health, nutrition and municipal services projects, due to corrupt bidding practices. Uzbekistan: The Bank announced in March that it would stop making new loans to Uzbekistan.

    THE WORLD BANK

    THE WORLD BANK

    THE WORLD BANK

    The Wolfowitz Scandal

    In 2005, Paul Wolfowitz was appointed by the Bush administration to head the World Bank Group. On May 18, 2007, Paul Wolfowitz, the president of the World Bank retired. Prior to his appointment as president of the World Bank, Wolfowitz had dated Shaha Riza, a World Bank employee.

    THE WORLD BANK

    Millennium Development Goals


    Targets and Goals set for 2015 1. Reducing Poverty and Hungerglobal poverty is projected to fall to 12 percent 2. Educating All Childrenensure that all children complete primary education. 3. Empowering Womeneliminate gender disparity in primary and secondary education. 4. Saving Childrenreduce the under 5 mortality rate.

    THE WORLD BANK

    THE WORLD BANK

    THE WORLD BANK

    A New President

    Robert Zoelick
    On May 30, 2007, it was announced that Robert Zoellick has been nominated to take over the presidency of the World Bank. Zoellick is currently the vice president at Goldman Sachs.
    He has previously worked as a U.S. trade representative and is a former Deputy Secretary of State

    THE WORLD BANK

    THE WORLD BANK

    Questions?

    THE WORLD BANK

    Board of Governors

    THE WORLD BANK

    Made of up representatives from member countries


    Typically, the representatives are ministers of finance or ministers of development

    Meet annually to review policies and review membership Ultimate policy makers Elect a Board of Directors every 2 years

    THE WORLD BANK

    India- Bank Projects Water Sector Projects UPRajastan MP Maharastra-

    THE WORLD BANK

    THE WORLD BANK

    THE WORLD BANK

    Health Sector Projects IDSP Malaria Control AIDS State Health Systems Projects

    23

    THE WORLD BANK

    India- Bank Projects


    Infrastructure Projects Power Sector Projects TN Urban Devp. Project Gujarat Earthquake Assam Roads Delhi Jal Board
    24

    THE WORLD BANK

    THE WORLD BANK

    India- WORLD Bank Project


    Rural Devp. Projects Sodic Lands Project National Agriculture Technology Project UP Forestry

    THE WORLD BANK

    THE WORLD BANK

    India- Bank Projects


    Environment Sector Projects Pollution Control Boards Environment Capacity Project

    THE WORLD BANK

    26

    THE WORLD BANK

    THE WORLD BANK

    Reshaping Economic Geography

    THE WORLD BANK

    THE WORLD BANK

    Questions?

    INDIA s DEVELOPMENT

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