the world bank group (1)
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7/29/2019 The World Bank Group (1)
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The World Bank Group
The World Bank is a vital source of financial
and technical assistance to developing
countries around the world.
The World Bank Group helps developing
countries by providing resources, sharing
knowledge and forging partnerships in the
public and private sectors.
History
Since inception in 1944, the World Bank has
expanded from a single institution to a
closely associated group of five development
institutions, headquartered in Washington,
D.C.
Five Institutions, One Group
The World Bank Group consists of five
organizations: The International Bank for
Reconstruction and Development (IBRD)
lends to governments of middle-income and
creditworthy low-income countries. 188
members, Philippines - Dec 27, 1945
The International Development
Association (IDA) provides interest-free
loans called credits and grants to
governments of the poorest countries. 172
countries, Philippines - Oct 28, 1960 The International Finance Corporation
(IFC) a member of the World Bank Group is
the largest global development institution
focused exclusively on the private sector. We
help developing countries achieve
sustainable growth by financing investment,
mobilizing capital in international financial
markets, and providing advisory services to
businesses and governments. 184 countries,
Philippines - Aug 12, 1957
The Multilateral Investment Guarantee
Agency (MIGA) was created in 1988 as a
member of the World Bank Group to promote
foreign direct investment into developing
countries to support economic growth,
reduce poverty, and improve peoples lives.
MIGA fulfills this mandate by offering political
risk insurance (guarantees) to investors and
lenders. 179 countries, Philippines- Feb 8,
1994
The International Centre forSettlement of Investment Disputes
(ICSID) provides international facilities for
conciliation and arbitration of investment
disputes. 149 countries, Philippines - Dec 17,
1978
VMO
The World Bank group has two ambiguous
goals:
End extreme poverty by decreasing the
percentage of people living on less than
$1.25 a day to no more than 3%
Promote shared prosperity by fostering the
income growth of the bottom 40% for every
country
Membership
The World Bank is like a cooperative, made
up of 188 member countries. These member
countries, or shareholders, are represented
by a Board of Governors, who are the
ultimate policymakers at the World Bank.
Generally, the governors are member
countries' ministers of finance or ministers of
development. They meet once a year at the
Annual Meetings of the Boards of Governorsof the World Bank Group and the
International Monetary Fund.
To become a member of the Bank, under the
IBRD Articles of Agreement, a country must
first join the International Monetary Fund
(IMF). Membership in IDA, IFC and MIGA are
conditional on membership in IBRD.
Dr. Jim Yong Kim is the 12th president of
the World Bank Group. He was selected bythe Boards of Executive Directors for a five-
year renewable term in July 1, 2012.
Current Activities, Projects and
Programs
Improving Fuel Efficiency and
Reducing Emissions of Trucks in China
- In Guangdong, the World Bank is helping to
improve fuel efficiency and reduce emissions
of trucks, which use 30% more fuel than in
OECD countries.
Apply Now: The World Bank Group
Fellowship Program
- Ph.D. students of African descent,
particularly women, are eligible to apply for
the new World Bank Group Fellowship
Program
Global Burden of Disease: Generating
Evidence, Guiding Policy
- The World Bank Group has partnered with
the Institute for Health Metrics andEvaluation (IHME) to release six regional
reports as part of The Global Burden of
Disease: Generating Evidence, Guiding
Policy. The reports are based on the Global
Burden of Diseases, Injuries, and Risk Factors
Study 2010 (GBD 2010), a collaborative
effort of researchers from 50 countries
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around the world led by IHME at the
University of Washington.
World Bank Supports Efficient Public
Finance Management in Russia
- The World Banks Board of Directors
approved a US$50 million loan to co-finance
with the Russian Federation a US$133.571
million Public Finance Management Technical
Assistance Project in Russia.
Solar Power in Mongolia
Nomadic Mongolian herder families find a
source of affordable, portable electricity with
portable solar units that withstand their
rugged lifestyle. With help from the World
Bank, the solar program allows people living
in one of the remotest regions on Earth to
connect to a wider world.
Rwanda: Achieving Food Security,
Reducing Poverty, Moving up the ValueChain
Since 2001 Rwanda has worked closely with
IDA to achieve food security and increase
agricultural productivity - food security was
attained in 2010 and between 2000/01 and
2010/11 poverty was reduced by about 14
percent.
Vietnam: Disaster Risk Management
Project
The success of the World Bank pilot onCommunity-based Disaster Risk Management
(CBDRM) which had been implemented in 12
project provinces led the Vietnam
government to develop a National CBDRM
Program of US$450 million covering 6,000
communes across the country.
Uruguay Innovates to Achieve Better
Results in Road Infrastructure
The country becomes the first in the region
to use the new World Bank financing tool. In
three years, the program will repair 524
kilometers of road, bridges and drains, and
will improve signage along nearly 9,000
kilometers of roads. This initiative is also
being implemented in Morocco, Nepal,
Tanzania and Vietnam.
India: Extending Education to the
Millions of Out-of-School Children
The Sarva Shiksha Abhiyan (SSA) program,
backed by funds from the World Banks
International Development Association (IDA),boosted the enrolment of children from poor
families, marginalized, and tribal groups, and
those with special needs. Around 54 percent
of the children enrolled between 2003 and
2011 were girls. Now, the focus is on
boosting the quality of education, as well as
ensuring access for all.
Results 2013
Conclusion
We can say that The World Bank group is an
effective international organization since if
we look at its activities and projects, most of
it is successful. The World Bank Group has
11,741 projects in 172 countries; this
includes the Philippines with 198 projects. In
carrying out its VMO, the global poverty
indicators which are Poverty headcount ratio
at $1.25 a day (PPP)
(% of population) from 43.1% in 1990 is now
20.6% last 2010; and People living on less
than $1.25 a day (PPP) (millions) from 1,908
in 1990 to 1,215 again this last 2010. The
World Bank group also has helped many
countries in their development and progress.
Western Perspective
It is not that effective for them especially in
the U.S. because most of the countries in
U.S. are developed countries and the aim ofthe World Bank group is to help developing
countries. Although in Latin America, the
World Bank group has its projects there to
help them.
Philippine Perspective
Since 1957 when the government received
its first World Bank loan, the Bank has
financed critical infrastructure and rural
development needs that have produced
significant results for its citizens. Thesesignificant results include the recently
completed Metro Manila Urban Transport
Integration Project. In terms of reducing rural
poverty among agrarian reform beneficiaries,
the average household income of project
beneficiaries rose by 41% through the Bank-
funded Second Agrarian Reform
Communities Development Project wherein
124 communities benefited from it. In
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education, the Banks assistance through the
National Program Support for Basic
Education has provided financing for more
classrooms and textbooks. The Social
Welfare and Development Reform Project
also helped to bring about almost universal
enrolment (98%) for children from 6-11 years
old in project areas. This was made possible
through the governments conditional cash
transfer program called Pantawid Pamilyang
Pilipino Program or 4Ps. The Banks
assistance also extends to conflict-affected
areas in the country, providing classrooms,
health stations, access roads, water supply
systems and bridges, while at the same time
promoting social cohesion and more open
governance. In the water and sanitation
sector, the Bank has been supporting the
governments efforts to improve servicesacross the country by partnering with service
providers and local government units. Base
on all of these, The World Bank group is an
effective international organization for the
Philippines and it also helps in achieving the
Philippine Development Plan.
Group Members:Banasan, April Mae J.
Gonzales, Natacia Nicole
Mataa-ag, Devony
Quimado, Angela Jasmine
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