WORLD BANK

Presented by :- Vivek Agarwal

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.

INTRODUCTION

The World Bank was originally established to support reconstruction in Europe after World War II.

On July 1, 2012, Jim Yong Kim became the 12th president of the World Bank Group.

INTRODUCTION

Members :- 188 countries Headquarters :- Washington, DC Established :- July 1,1944 Staff :- Approximately 7,000

employees in headquarters and over 3000 employees in 100 offices around the world.

WORLD BANK MISSION

MILLENNIUM DEVELOPMENT GOALS

IBRD IDA IFC M.I.G.A ICSID

The International Bank for Reconstruction & Development(1945)

The International Development Association (1960)

The International Finance Corporation (1956)

The Multilateral Investment Guarantee Agency (1988)

The International Centre for the Settlement of Investment Disputes (1966)

FIVE AGENCIES – ONE GROUP

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD)

Founded : 1944 Members : 188 Purpose : Development assistance, Poverty reduction

“Aims to reduce poverty in middle-income and credit worthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services”.

reign investors

INTERNATIONAL DEVELOPMENT ASSOCIATION (IDA)

Founded : 1960 Members : 172 Purpose : Development assistance, Poverty

reduction

The International Development Association (IDA) provides interest-free loans—called credits— and

grants to governments of the poorest countries.

HOW TO DECREASE POVERTY BY IDA

THE INTERNATIONAL FINANCE CORPORATION (IFC)

Founded : 1956 Members : 184 Purpose : Private sector development, Poverty

reduction

It is the largest global development institution focused exclusively on the private sector. it helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

MULTILATERAL INVESTMENT GUARANTEE AGENCY (MIGA)

Founded : 1988 Members : 180 Purpose : Political risk insurance, direct investment

The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group .

Promote foreign direct investment into developing countries.

To support economic growth, reduce poverty, and improve people’s lives.

THE INTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES (ICSID)

Founded : 1966 Members : 159 Purpose : International arbitration

The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.

THE WORLD BANK GROUP IS:

The world’s largest funder of education. The world’s largest external funder of the fight against

HIV/AIDS. A leader in the fight against corruption worldwide. A strong supporter of debt relief. The largest international financier of biodiversity

projects. The largest international financier of water supply and

sanitation projects.

PROJECTS IN INDIA

NATIONAL AIDS CONTROL SUPPORT PROJECT

The government of India and the World Bank signed a $255 million credit agreement to support the National AIDS Control Support Project to help accelerate AIDS prevention programs by targeting vulnerable groups at high risk of infection.

So far the World Bank has provided a total of $525 million under the last three projects.

INDIA LOW-INCOME HOUSING FINANCE

The development objective of the Low Income Housing Finance Project for India is to provide access to sustainable housing finance for low income households

Approval Date (as of board presentation)-:May 14, 2013. Closing Date-:December 31, 2018 Total Project Cost-:US$ 100.00 million

INDIA: SECONDARY EDUCATION PROJECT The development objective of the Secondary

Education Project for India is to achieve increased and more equitable access to good quality secondary education through support of the Government's ongoing program for secondary education as delineated in the Rashtriya Madhyamik Shiksha Abhiyan (RMSA) framework.

Approval Date-: March 22, 2012 Closing Date-: June30, 2017 Total Project Cost -:US$ 12896.00 million

NATIONAL GANGA RIVER BASIN PROJECT

The objectives of the National Ganga River Basin Project for India are to support the National Ganga River Basin Authority (NGRBA) to manage the long-term Ganga clean-up and conservation program.

Approval Date -: May 31, 2011 Total Project Cost-: US$ 1556.00 million

REFERENCES Wikipedia Report, Introduction, Mission,

Goals, Retrieved from, http://en.wikipedia.org/wiki/World_Bank

Wikipedia Report, Five Agencies of World Bank, Retrieved from, http://en.wikipedia.org/wiki/World_Bank