World Bank – Objectives & World Bank – Objectives & FunctionsFunctions

Presented By – Presented By –

Subhajit BhattacharyaSubhajit Bhattacharya

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Topics Topics to be Discussedto be Discussed

IntroductionIntroductionBrief History of World BankBrief History of World BankTop OfficialsTop OfficialsRoles & ObjectivesRoles & ObjectivesExpanded FocusExpanded FocusOther FunctionsOther FunctionsCriticismCriticism

IntroductionIntroduction

DefinitionDefinition

Stated GoalStated Goal

Brief HistoryBrief History

Created at Bretton Woods Conference in Created at Bretton Woods Conference in 19441944

Domination of The US & UK in Domination of The US & UK in negotiationsnegotiations

1945 – 19681945 – 19681968 – 19801968 – 19801980 – 19891980 – 19891989 - Present1989 - Present

Top OfficialsTop Officials

Board of GovernorsBoard of Governors

Executive DirectorsExecutive Directors

Roles & ObjectivesRoles & Objectives

Expanded & evolved over the yearsExpanded & evolved over the years• Main focus – Reconstruction & Main focus – Reconstruction &

Development in situations like – Development in situations like – Natural DisastersNatural Disasters Needs affecting developing countriesNeeds affecting developing countries Post conflict rehabilitationPost conflict rehabilitation Needs affecting a transitioning economyNeeds affecting a transitioning economy

Expanded FocusExpanded Focus

Creating InfrastructureCreating InfrastructureDeveloping financial systemsDeveloping financial systemsProtect individual and property rightsProtect individual and property rights Implement legal systems that encourage Implement legal systems that encourage

businessbusiness

Other FunctionsOther Functions

Improving living standardsImproving living standardsPoverty reduction strategiesPoverty reduction strategiesClean technology fund managementClean technology fund managementClean air initiativeClean air initiativeUnited Nations development businessUnited Nations development business

CriticismCriticism

Criticized by various non-government Criticized by various non-government organizationsorganizations

Policies are criticized by intellectualsPolicies are criticized by intellectualsCriticism often takes the form of protestingCriticism often takes the form of protesting

Thank You !Thank You !