• BUILDING OF 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 stated goal of reducing poverty.

• Group President :-Jim Yong Kim.• Membership :- 188 countries• Affiliates :- IFC, MIGA, ICSID• Headquarters :- Washington, DC and

more than 100 country Staff :- about 10000 all over

the world• Established :- July 1,1944

The world bank is one of the two Bretton Woods Institutions which were created in 1944 to rebuild a war torn europe after World War II .

Later ,largely due to the contributions of the Marshall Plan (European Recovery program) ,the World Bank was forced to find a new area in which to focus its efforts.

• Fund generation• Loans• Grants• Analytic & Advisory Services• Capacity building

• IBRD lending to developing countries is financed by selling AAA-rated bonds.

• IDA is the world’s largest source of interest free loans and grant assistance to the poorest countries.

• Relieve the debt burden of heavily indebted poor countries

• Improve sanitation and water supplies• Support vaccination and immunisation

programs to reduce the incidence of communicable diseases like malaria

• Combat the HIV/AIDS pandemic• Support civil society organisations• Create initiatives to cut the emission of

greenhouse effect

• Poverty Assessments• Public Expenditure Reviews• Country Economic Memoranda• Social and Structural Reviews• Sector Reports• Topics in Development

• Advisory Services and Ask Us• Global Development Learning Network• World Bank Institutes Global and Regional

Programs• B-SPAN(web casting station of Bank)

• Agriculture and Rural Development

• Economic policy• Education• Energy• Environment• Financial sector• Health, nutrition and

population industry

• Information, computing and telecommunication

• Law and justice• Private sector• Social protection• Trade• Water resources• Water supply and

sanitation

India is home to over one-quarter of the world’s poor. World Bank Group is focused on sharing best practices as well as financing for development as part of its mission to help reduce global poverty.

• 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, and

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

5 PRIORITIES OF WORLD BANK

• Identify some world bank projects in India.