(726305976) 21964138 Role of World Bank in Developing Countries

7/24/2019 (726305976) 21964138 Role of World Bank in Developing Countries

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The World Bank is an internationalfnancial institution that providesfnancial and technical assistance to

developing countries ordevelopment programs (e.g.bridges, roads, schools, etc.) withthe stated goal o reducing poverty.


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a!or institutions created as a result o

theBretton Woods "onerence in #$th

%ecember,&'

Two main countries which shaped thenegotiations were nited *tates andBritain


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+rovide assistance to developing andtransition countries

+romote the economic development otheworlds poorer countries

-inance the poorest developingcountries

whose per capita /+ is less than 0123a year


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special fnancial assistance through the4nternational %evelopment 5ssociation(4%5)


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Build capacity 4nrastructure creation

%evelopment o -inancial *ystems "ombating corruption 6esearch, "onsultancy and Training


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4nvestment loans7 *upport o economicand

social development pro!ects

%evelopment policy loans7 8uickdisbursing fnance to support

countries


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4nternational Bank or 6econstructionand

%evelopment (4B6%) 7&12 membercountries

4nternational %evelopment 5ssociation

(4%5)7&21 members countries


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5 riculture and 6ural 9aw and ustice%evelopment acroeconom c an

"onea t , /utr t on an Transport

4ndustry rban %evelopment n orma on an Water 6esources

Technologies a er upp y an n orma on, ompu ng

Telecommunications n erna ona conom cs

Trade a or an oc a


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-ocus on three priority areas7

*aety net programs

lobal recession and the ood

-uel and fnancial crises

-or this7 01.? billion to mitigate the crisis impactin

poor countries, over and above

previous


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commitments to the institution


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Trade flows

Bolster distressed banking systems

@eep inrastructure pro!ects on track *hit advisory support services *upport microfnance institutions


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Oncho c e rc iasis Control P rog r am (O C P )Successfully halted transmission of river blindness in 11 countries with

a collective population of 35 million

Consu ltativ e Gro u p for I nternatio n al A gricu ltural R e s e a r ch

(CGIA R)

Created and promoted crop improvements in developing countries over thelast 3! years through a networ" of research centers.

Global En v iron m ent Facility (GEF)

Provides grants to developing countries to fund pro#ects that benefit the

global environment and promote sustainable livelihoods in local

communities

Consult a tiv e Group to A s sist the Poorest ( C GAP)$%pands access by the poor in developing counctries to microfinance

through a consortium of &' public and private development agencies

F inancial S e ctor R e form an S tr e n g then ing In it i ativ e (F I RS!)

Provides fle%ible practical assistance to developing countries to strengthen

their financial systems and adopt international financial standards


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G lo b al W ater Pa r t n ership ( G W P)Supports countries in the sustainable management of their "ater

resources#

G lo b al Alliance f o r V accines and Im m u n iz atio n ( G A VI)

See$s to protect public health "orl"ie through the "iesprea use of

vaccines#

T h e Carbon F u nd

%or$s to evelop viable& fle'ible mar$et mechanisms to reuce

greenhouse gas emissions uner the yoto Protocol#

Roll ac! " alar i a

Coorinates the international fight against malaria& "hich $ills more

than million people a year& most of them chilren in Africa#

#oin t $nit ed %atio ns P r o& ramme on 'IVAI* ($%AI*)

Avocates for global action on the *I+,AI-S epiemic an "or$s "ith

civil society& the business community an the private sector#

+duca t ion f o r All

Focuses attention on eucation an strives to ensure an eucation forevery citi.en in every society


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-ocuses on7

-astAtrack the development

*upport seven poorest statesTotal proposed lending program o*0&

billion, or the net three years *trategy is aligned with overnment o

4ndiaCs own development priorities


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5griculture 4nrastructure7

+ower Transport

Water

rban development

*kills


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Components Amount

(US $ Million)

Loan Terms

Rail 305 IBRD Loan repayale o!er "0

years #it 5 year %ra&e perio'

Roa' 50 IBRD Loan repayale o!er "0

years #it 5 year %ra&e perio'

Resettlement )* IDA Cre'it + an interest+,ree loan

repayale o!er 35 years #it a 0+

year %ra&e perio'

Total -rom .orl' Ban/ 5" Cannelle' trou% te1o!ernment o, In'ia

1o!t2 o, In'ia an' 1o!t2

Maarastra

03

Total Cost o, ro4e&t *5


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The low cost and stable fnancing itprovides

with longer maturity periods

-inancing through the 4nternational%evelopment 5ssociation (4%5) 4nterest rate7 D.$3E p.a.

6epayable over a period o ?3 years

4nclusive o a &D year grace period

overnment estimates investment o

0$3


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billion


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WB inanced -FD17 *0 #.$ billion

World Bank group had 2D active pro!ects in the country


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(726305976) 21964138 Role of World Bank in Developing Countries