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A PRESENTATION ON
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The World Bank was originally established to support reconstruction in Europe afterWorld War II.
It has over 184 member countries and provides over $24 billion annually for activitiesranging from agriculture to trade policy, from health and education to energy and
mining.The World Bank is not a bank in the common sense of the word. A single personcannot open an account or ask for a loan. Rather, the Bank provides loans, grantsand technical assistance to countries and the private sector to reduce poverty indeveloping and transition countries.
Today, the Bank's mission is to reduce poverty.
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The World Bank Group is actually comprised of five separate arms.
The International Bank for Reconstruction and Development (IBRD).
The International Development Association (IDA).
These two branches work primarily with governments and together are commonlyknown as "the World Bank".
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Two other branches are-
The International Finance Corporation (IFC).&
Multilateral Investment Guarantee Agency (MIGA)
directly support private businesses investing in developing countries.
The fifth arm/branch is
The International Center for Settlement of Investment Disputes (ICSID).
which arbitrates disagreements between foreign investors and governments.
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The World Bank Program in India
To support India in achieving its long-term vision of a country free of poverty andexclusion, the World Bank Groups Country strategy for India for FY 2009-12(CAS) isclosely aligned with the objectives outlined in the country's Eleventh Plan.
In FY10, the World Bank lent a record $9.2 billion to India, compared to $2.3 billionin FY09. Fourteen new projects were added in FY10, and the project pipeline hasgrown in light of increased demand from the Government of India.
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World Bank assist India for following purposes.
1. Achieving Rapid and Inclusive Growth
2. Building Strong Partnerships with Low-Income States
3. Agricultural and Rural Development
4. Infrastructure
5. Financial Sector Development and Support to Small and Medium Enterprises
6. Ensuring Development is Sustainable
7. Increasing the Effectiveness of Service Delivery
8. Development of primary & secondary education
9. Improve facilities of Water supply & Sanitation
10.To boost energy sector.
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Role of World Bank in India GDPRole of World Bank in India GDP is one of the most important parameters to markthe growth in Indian economy.
The World Bank works in collaboration with a number of development associatessuch as the government of India, the bilateral and multilateral donor organizations,nongovernmental organizations (NGOs), and the private sectors to bring about an
overall welfare of the Indian economy
The World Bank operates with the help of eminent academics, scientists,economists, journalists, and teachers, all of those who are sincerely involved in theexecution of various development projects designed to bring about improvement inthe Gross Domestic Product of India
.
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One of the most effective and well-organized development plans formulated by the
World Bank in collaboration with the Indian government and civil society is the CountryAssistance Strategy (CAS), introduced in the year 2005
CAS was incorporated in order to explicit the nature of the assistance provided by the
World Bank to the developmental programmes in India
Role of World Bank in India GDP includes offering finance in terms of various loans orcredits, which are usually interest-free
Role of World Bank in India GDP (cont)
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Country Assistance Strategy(CAS)
The CAS plan of the World Bank focus upon certain facts like-
Ensuring a notable infrastructural development
Proper environment for the betterment of the industrial units
Providing special benefits to the poor and disadvantaged class of people
Ensuring a sustainable growth in India's economy .
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LENDING
At the end of June 30, 2010, the World Bank group had 75 active projects in thecountry. The net commitment for these projects was about $21.4 billion. New lendingin FY10(1 July 2009- 30 June 2010) amounted to $9.3 billion.
Total IBRD/IDA Commitments as on June 30, 2010 (FY10): $21.4 billion
Commitements FY05 FY06 FY07 FY08 FY09 FY10
New Lending 2.9 1.4 3.7 2.7 2.3 9.3
Total Commitments (Active Projects) 12.8 11.3 14.3 13.8 14.9 21.4
Total No. of Active Projects 64 56 67 60 61 75
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The meaning of Asian Development Bank is-
The Asian Development Bank (ADB) is a many- sided development bankthat is owned by around 67 member nations.
The main objective of Asian Development Bank is to help its members
who are developing countries by providing them with technicalassistance, grants, loans, and guarantees.
India and the Asian Development Bank have a sociable relationship.
The Asian Development Bank has provided India with loans of huge amounts over
the years. The Asian Development Bank has helped India to reduce its level ofpoverty, improve infrastructure, and has also given boost to its economy.
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Overview
ADBs primary role includes-
Country strategy and programming Policy dialogue
Project processing Portfolio management and administration of delegated projects Aid coordination Economic and sector work and other analytical work Government, civil society, and private sector relations Country reporting External relations and information dissemination
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ADB MembershipJoined: 1966
Shareholding and Voting PowerIndia is the third largest shareholder among regional members and the fourthlargest overall
Shares held: 224,010 (6.32%)
Votes: 237,242 (5.35%)
Ashok K. Lahiri is the Executive Director and Md. Aminul Islam Bhuiyan is theAlternate Executive Director representing India on the ADB Board of Directors.Hun Kim is the ADB Country Director for India.
The India Resident Mission (INRM) was opened in 1992 and provides the primaryoperational link between ADB and the government, private-sector, and civil-societystakeholders in its activities.
The India government agency handling ADB affairs is the Ministry of Finance
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Provides loans and equity investments to its developing member countries(DMCs)
Provides technical assistance for the planning and execution of development
projects and programs and for advisory services
Promotes and facilitates investment of public and private capital for development
Assists in coordinating development policies and plans of its DMCs
functions for countries in the Asia Pacific region
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PROJECTS OF ADB IN INDIA
North Eastern Region Urban Development
North East Region Capital Cities Developments
Strengthening Solid Waste Management through sharing best practices
Support to National Urban Renewal Mission
Kolkata Environment Improvement
Power Grid Transmission
Bangalore Metro Rail Project
State Tourism Development Project
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World Bank & Asian development banks are two financialinstitution which is established after world warii.
The purpose of formation of these financial institutions is toprovide financial support to developing nations for fulfilling of
basic needs & make them competitive .
India plays a very important role & is one of the leadingmember nation & loan gainer for the development ofinfrastructure of the country from these financial institutions.
Reduce poverty, provide basic needs to the people acrossthe world is the primary objective of these financialinstitutions.
SUMMARY
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THANK YOU