World Bank

Kelli Jardine & Tayler Sankovic

Overview• The World Bank was created

for countries needing financial and technical aid around the world.

• It was created after World War Two ended.

• The bank is located in Washington, D.C.

• The United States controls one-third of the World Bank because they provided one-third of the money. Therefore many of the positions were held by Americans.

• The International Bank for Reconstruction and Development (IBRD) is known as the World Bank.

Roles and Responsibilities• The bank would guarantee repayment if a loan was made by a private

institution. (Act like an insurance company)• To encourage the reconstruction and development of member nations, and

to enhance the development of international trade.• Is a form of credit used to countries that do not have very good ratings at

the time, but they must have some kind of promising future.• Offers technical recourses to developing countries.• The IBRD focuses on middle income and countries that have sound credits

and whose futures were promising.• International Development Association (IDA) focuses on the poorest

countries in all the world.• World bank provides low-interest loans, interest-free credits and grants to

developing countries for a wide selection of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.

Financial Base

• One third of the currency to the bank is in U.S dollars.

• It is the financial base for a large number of countries that are developing or under reconstruction.

• The bank is owned by over 185 countries with the same plan of bring poverty to a minimum and all support in some way to the cause.

Global Impact

• The bank was set up to provide affordable aid to countries. But some countries have a enormous dept in their country that their economies cannot fix.

• Helped many countries around the word to regain many of the essential needs some examples will follow in the next few slides

-Credited to

the private

sector

increased

250% In

the last 6

years.

Tanzania:

-In thepoorestcountries.60,000 kmof roadsbuilt, rebuilt,ormaintainedin last 5years.

-About 1.6millionpeople havegained accessto safe waterin urbanareas.

Senegal:

-Over 3.8millionhectares offorestsplanted.

China

Electricity

for 90%

percent of

rural areas

in 2005,

up from

50% in

1996.

Vietnam:

HIV testing

for 500,000

people and

12 million

condoms

gave out.

Rwanda

Key Events

• The end of World War Two at the Bretton Woods Conference the creation of the World Bank happened. The Bretton Woods Conference was a gathering of international monetary and financial order after the conclusion of World War Two.

• It’s first loan of $250 million was in France in 1947 for post war reconstruction.

• The World Bank has lent and given grants and credits worth $400 billion.

Bibliography

• http://web.worldbank.org

• http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/

0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html

Quick Video on the World Bank

http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html