kaushal chandak
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WORLD BANK
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PRESENTED BY:KAUSHAL CHANDAK
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WORLD BANK
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 statedgoal of reducing poverty.
BUILDING OF WORLD BANK
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INTRODUCTION
President :- Robert B. Zoellick
Membership :- 185 countries
Affiliates :- IFC, MIGA, ICSID Headquarters :- Washington, DC and more than 100
country Staff about 10000 all over the world
Established :- July 1,1944
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Objectives and functions:
To aid the task of reconstruction of the war-affectedeconomies of Europe and assist in the development of theunderdeveloped nations of the world.
As of today, the World Bank is a group of five internationalorganisations responsible for providing finance to differentcountries.
It is entrusted with the task of economic growth andwidening of the scope of international trade.
Emphasis on developing infrastructure facilities likeenergy, transportation and others and decided to divertresources to bring about industrial and agriculturaldevelopment in these countries.
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ROBERT B.ZOELLICK
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NEED OF WORLD BANK
NEED OF WORLDBANK
BUILD CAPACITY
CREATEINFRASTRUCTURE
DEVELOPFINANCIAL
SYSTEM
COMBATCORRUPTION
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HISTORYThe world bank is one of the two Bretton WoodsInstitutions which were created in 1944 to rebuild
a wartorn Europe after World War II . Later ,largelydue to the contributions of the Marshall Plan ,the
World Bank was forced to find a new area in whichto focus its efforts.
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How it differs from world bank
groupWorld Bank comprises only two institutions:
the international bank of reconstruction anddevelopment (IBRD) and the internationaldevelopment association (IDA), whereas the latterincorporates these two in addition to three moreinternational finance corporation (IFC), multilateralinvestment guarantee agency (MIGA), andinternational centre for settlement of investmentdisputes (ICSID).
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CONTRIBUTION
POVERTY
REDUCTION
STRATEGIES
COMPREHENSIVE
DEVELOPMENT
FRAMEWORK
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OPERATIONS
Fund generation
Loans
GrantsAnalytic & Advisory Services
Capacity building
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FUND GENERATION
IBRD lending to developing countries is financed byselling AAA-rated bonds.
IDA is the worlds largest source of interest free loansand grant assistance to the poorest countries.
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LOANS
INVESTMENT LOANS
DEVELOPMENT POLICY LOAN
WORLD BANK TREASURY
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GRANTS
Relieve the debt burden of heavily indebted poorcountries
Improve sanitation and water supplies
Support vaccination and immunisation programs toreduce the incidence of communicable diseases likemalaria
Combat the HIV/AIDS pandemic Support civil society organisations
Create initiatives to cut the emission of greenhouseeffect
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CAPACITY BUILDING
Advisory Services and Ask Us
Global Development Learning Network
World Bank Institutes Global and Regional Programs
B-SPAN
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Voting power
In 2010, voting powers at the World Bank were revised toincrease the voice of developing countries, notably China.
The countries with most voting power are now the united
states(15.85%), Japan(6.84%), China (4.42%), Germany (4.00%), the United Kingdom (3.75%), France (3.75%), andIndia (2.91%).
Under the changes, known as 'Voice Reform - Phase 2',other countries that saw significant gains included SouthKorea , Turkey, Mexico, Singapore, Greece, Brazil, India,and Spain.
Most developed countries' voting power was reduced, whilecountries including Nigeria, United State's, Russias
and Saudi Arabias voting power was unchanged.
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AREA OF OPERATION
Agriculture and RuralDevelopment
Economic policy
Education Energy
Environment
Financial sector Health, nutrition and
population industry
Information,computing andtelecommunication
Law and justice Private sector
Social protection
Trade
Water resources
Water supply andsanitation
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SUPPORT TO INDIA
India is home to over one-quarter of theworlds poor, and the World Bank Group is
focused on sharing best practices as well asfinancing for development as part of itsmission ton help reduce global poverty.
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INDIA ASSOCIATION WITH WORLD
BANK
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CRITICISM
It was started to reduce poverty but it support United Statesbusiness 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.
CRITICISM
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World bank provides the largest external funds foreducation.
It is a big support in reducing poverty. It provides fund for biodiversity projects.
it helps to bring clean water, electricity, and transport topoor people.
It helps in controlling emerging conflicts.
5 PRIORITIES OF WORLD BANK
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