World Bank & ADB

World Bank
World Bank
• The World Bank is an international organization dedicated to

providing financing, advice, and research to developing nations
to aid their economic development.
• The bank predominantly acts as an organization that attempts to
fight poverty by offering developmental assistance to middle-
and low-income countries.
• It aims to end extreme poverty by decreasing the number of
people living on less than $1.90 a day to below 3% of the world
population and increase overall prosperity by increasing income
growth in the bottom 40% of every country in the world.
• The World Bank is a provider of financial and technical
assistance to individual countries around the globe. The bank
considers itself a unique financial institution that sets up
partnerships to reduce poverty and support economic
development.
• The World Bank supplies qualifying governments
with low-interest loans, zero-interest credits, and
grants, all for the purpose of supporting the
development of individual economies.
• Debt borrowings and cash infusions help with
global education, healthcare, public
administration, infrastructure, and private-sector
development.
• The World Bank also shares information with
various entities through policy advice, research
and analysis, and technical assistance.
• It offers advice and training for both the public
and private sectors.
• The World Bank and International Monetary
Fund were founded simultaneously under the
Bretton Woods Agreement with generally the
same focus to help serve international
governments globally.
• The original goals of both the World Bank and
IMF were to support European and Asian
countries needing financing to fund post-war
reconstruction efforts
• The World Bank has expanded to become known
as the World Bank Group with five cooperative
organizations, sometimes known as the World
Banks.
• The World Bank and IMF are headquartered in Washington,
D.C. The World Bank currently has more than 10,000
employees in more than 120 offices worldwide.
• Though titled as a bank, the World Bank, is not necessarily
a bank in the traditional, chartered meanings of the word.
• The World Bank and its subsidiary groups operate within
their own provisions and develop their own proprietary
financial assistance products, all with the same goal of
serving countries' capital needs internationally.
• IMF is structured more like a credit fund. The difference in
the structuring of the two entities and their product
offerings allows them to provide different types of financial
lending and financing support.
• Each entity also has several of its own distinct
responsibilities for serving the global economy.
World Bank Group
• Through the years, the World Bank has expanded from a single
institution to a group of five unique and cooperative institutional
organizations, known as the World Banks or collectively as the World
Bank Group.
• International Bank for Reconstruction and Development (IBRD), an
institution that provides debt financing to governments that are
considered middle income.
• International Development Association (IDA), a group that gives
interest-free loans to the governments of poor countries.
• The International Finance Corporation (IFC), focuses on the private
sector and provides developing countries with investment financing
and financial advisory services.
• Multilateral Investment Guarantee Agency (MIGA), an organization
that promotes foreign direct investments in developing countries.
• International Centre for Settlement of Investment Disputes (ICSID), an
entity that provides arbitration on international investment disputes.
Asian Development Bank
• Founded in 1966, the Asian Development Bank's
(ADB) headquarters are in Manila, Philippines.
• The Asian Development Bank's primary mission is
to foster growth and cooperation among
countries in the Asia-Pacific Region.
• It has been responsible for a number of major
projects in the region and raises capital through
the international bond markets.
• The ADB also relies on member contributions,
retained earnings from lending, and the
repayment of loans for funding of the
organization.
• The two largest shareholders of the Asian Development
Bank are the United States and Japan.
• The Asian Development Bank provides assistance to its
developing member countries, the private sector,
and public-private partnerships through grants, loans,
technical assistance, and equity investments to promote
development.
• The ADB regularly facilitates policy dialogues and provides
advisory services.
• They also use co-financing operations that tap a number of
official, commercial, and export credit sources while
providing assistance.
• The Asian Development Bank's primary mission is to foster
growth and cooperation among countries in the Asia-Pacific
Region.
• Although the majority of the Bank's members
are from the Asia-Pacific region, the
industrialized nations are also well-
represented.
• Regional development banks usually work in
harmony with both the International
Monetary Fund (IMF) and the World Bank in
their activities.

World Bank & ADB

Uploaded by

Copyright:

Available Formats

World Bank & ADB

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

World Bank & ADB

Uploaded by

Copyright:

Available Formats

World Bank

• The World Bank is an international organization dedicated to

You might also like