WORLD BANK BUILDING OF WORLD BANK The world

WORLD BANK

• 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.

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 • •

ROBERT B. ZOOLICK

NEED OF WORLD BANK BUILD CAPACITY NEED OF WORLD BANK CREATE INFRASTRUCTURE DEVELOP FINANCIAL SYSTEM COMBAT CORRUPTION

HISTORY The world bank is one of the two Bretton Woods Institutions which were created in 1944 to rebuild a wartorn europe after World War II. Later , largely due to the contributions of the Marshall Plan , the World Bank was forced to find a new area in which to focus its efforts.

CONTRIBUTION POVERTY REDUCTION STRATEGIES COMPREHENSIVE DEVELOPMENT FRAMEWORK

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

FUND GENERATION • 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.

LOANS INVESTMENT LOANS DEVELOPMENT POLICY LOAN WORLD BANK TREASURY

GRANTS • 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

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

CAPACITY BUILDING • Advisory Services and Ask Us • Global Development Learning Network • World Bank Institutes Global and Regional Programs • B-SPAN

AREA OF OPERATION • 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

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

INDIA ASSOCIATION WITH WORLD BANK

CRITICISM • It was started to reduce poverty but it support United States’ business 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.

• Lack transparency to external publics. • It is an instrument for the promotion of U. S. or Western interests. • The decision-making structure is undemocratic. • It has consistently pushed a “neo-liberal” agenda.

5 PRIORITIES OF WORLD BANK • 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.

THANK YOU. . .

PRESENTED BY • • • RACHNA PRASHANT RAJPAL PRASHANT PRASOON MILAN PRADEEP BHARTI • • • PRADEEP SINGH BIST PRAMILA PRAVESH PRAVIN PRIYANKA SHARMA