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PRESTIGE INSTITUTE OF MANAGMENT

Presented To Prof. Sneha Rajput

Presented By Raj Kumar Pal Rohit Sharma Pallav Jha Varun Gupta

INTRODUCTION
President Membership Affiliates Headquarters ::::Robert B. Zoellick 185 countries IFC, MIGA, ICSID Washington, DC & more than 100 country :- About 10000 all over the world :- July 1,1944

Staff Established

ROBERT B.ZOOLICK

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


BUILD CAPACITY

CREATE INFRASTRUCTURE NEED OF WORLD BANK 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

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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.
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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