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President :- Robert B. Zoellick

Membership :- 187 countries

Affiliates :- IFC, MIGA, ICSID

Headquarters :- Washington, DC

Established :- July 1,1944


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1. Reconstruction work

2.Reduce poverty

3.Reduce illiteracy

4.Reduce disease

5.Reduce corruption, etc«..


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G
motal member countries in each
institution::
institution

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Any country can join as member of IBRD signing in


the chapter of the bank as its subscriber. Members of
IMF are also the members of the World Bank

0
 Õ Õ  Õ 

 : One Governor and one alternate


Governor by each member country (Finance Minister
of Governor Central Bank)
: 5 members elected by 5
largest shareholder countries, remaining 16 elected
by remaining members.
: Elected by Executive Directors who
presides over the monthly meetings of Executive
Directors normally does not use his voting rights.
mhe Interim Committee & mhe Development
Committee : are !"".

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1. mo provide long-run capital to member countries


for :-
- economic reconstruction and development
- BOP equilibrium and balanced development of
interernational trade
- guarantee for loan or loan for capital investment
2. mo provide guarantee for loans granted to small
and large units and projects
3. mo ensure the implementation of development
projects


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1. Bank can grant 20% of paid up capital to a
member country
2. Loan to private investors but permission from the
countries where the amount is to be collected and
whose currency is given in loan is required. Bank
charges 1-2 % as service charge
3. Quantum, Interest rate, terms and conditions of
loan are determined by bank
4. Generally, loan is granted for a specific project
submitted
5. Loan to be repaid either in reserve currencies or in
the currency in which loan was granted


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Granting loans from its own funds

Granting loans from the funds borrowed by the


bank in the market of the member countries

Guaranteeing the loans raised by the member


countries from various other sources

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Structural adjustment facility : Funds used to finance


general imports in the condition of BOP
disequilibrium

mo increase the availability of concessional resources


to the low income member countries

Loans also provided for structural adjustments, policy


changes, export-oriented production, full utilisation of
capacity, maintenance of critical infrastructure,
finance for timely implementation of priority projects

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