PRESTIGE INSTITUTE OF MANAGMENT

Presented ByRaj Kumar Pal

Rohit Sharma Pallav Jha

Varun Gupta

Presented ToProf. Sneha Rajput

INTRODUCTION

• President :- Robert B. Zoellick• Membership :- 185 countries• Affiliates :- IFC, MIGA, ICSID• Headquarters :- Washington, DC &

more than 100 country • Staff :- About 10000 all over

the world• Established :- July 1,1944

ROBERT B.ZOOLICK

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The World Bank is an internationally supported bank that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools)with the stated goal of reducing poverty.

HISTORY• The World Bank

was originally established to support reconstruction in Europe after World War II but has since refrained its mission & expanded its operation.

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• World Bank is one of two major institutions created as a result of “BRETTON WOODS CONFERENCE” in 1944.

• International Monetary Fund is the 2nd institution.

WORLD BANK GROUP The International Bank for Reconstruction and

Development (IBRD)

The International Development Association (IDA)

The International Finance Corporation (IFC)

The Multilateral Investment Guarantee Agency (MIGA)

The International Centre for the Settlement of Investment

Disputes (ICSID).

FIVE AGENCIES – ONE GROUP

IBRD IDA IFC M.I.G.A ICSID

NEED OF WORLD BANK

NEED OF WORLD BANK

BUILD CAPACITY

CREATE INFRASTRUCTURE

DEVELOP FINANCIAL

SYSTEM

COMBAT CORRUPTION

OBJECTIVES

• RECONSTRUCTION WORK

• REDUCE POVERTY

• REDUCE ILLITERACY

• REDUCE DISEASE

• REDUCE CORRUPTION, ETC…..

FUNCTIONS

• RECONSTRUCTION & DEVELOPMENT

• PROMOTION OF INVESTMENT

• PROMOTION OF LONG RANGE BALANCED

GROWTH OF INTERNATIONAL TRADE

• ARRANGING THE LOANS THROUGH OTHER CHANNELS FOR PRIORITY

WHERE DOES THEIR MONEY GO?

• IBRD LOANS GUARANTEES

• IDA CREDITS INVESTMENTS

• TRUST FUND GRANTS

• PROJECT FINANCE

AREA OF OPERATION

• Agriculture & Rural Development• Economic Policy• Education• Energy• Environment• Financial Sector• Health, Nutrition & Population Industry

.• Information, Computing and

Telecommunication• Law and Justice• Private Sector• Social Protection• Trade• Water Resources• Water Supply and Sanitation

INDIA ASSOCIATION WITH WORLD BANK

SUPPORT TO INDIA India has been borrowing from the World Bank through IBRD and IDA for various development projects in the area of poverty alleviations, infrastructure, rural developments etc.

IDA funds are one of the most concessional external loans for GoI and are used largely in social sector projects that contribute to the achievement of Millennium Development Goals.

India has borrowed around US$ 65.8 billion from the World Bank so far.

. In 1958, the Bank played an important role in establishing ‘India Aid Club’ for providing specific economic assistances to India. It has now been renamed as ‘India Development Forum’.

International Development Association (IDA), an associate of World Bank is known as the soft loan window of the Bank and was established on September 24, 1960.

During 1995-96 (July-June), India ranked first among the nations getting assistance from IDA.

CRITICISM

• It was started to reduce poverty but it support United States’ business interests.

• It is deeply implicated in contemporary modes of donor and NGO driven imperialism.

• The President of the Bank is always a citizen of the United States.

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• Lack transparency to external publics.• It is an instrument for the promotion of

U.S. or Western interests.• The decision-making structure is

undemocratic.• It has consistently pushed a “neo-liberal”

agenda.

5 PRIORITIES OF WORLD BANK

• World bank provides the largest external funds for education.

• It is a big support in reducing poverty.• It provides fund for biodiversity projects.• It helps to bring clean water, electricity, &

transport to poor people.• It helps in controlling emerging conflicts.

THANK YOU