World bank

World BankBank with a Vision

WORLD BANK GROUP The World Bank is an international

financial institution that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools, etc.) with the stated goal of reducing poverty.

President :- Jim Yong Kim Members:- 188 countries Affiliates:- IFC, MIGA, ICSID Headquarters :- Washington, DC Established :- July 1,1944

Introduction

Purpose of World Bank

PURPOSE

BUILD CAPACITY

CREATE INFRASTRU

CTUREDEVELOP

FINANCIAL SYSTEMCOMBAT

CORRUPTION

History The world bank is one of the two Bretton

Woods Institutions which were created in 27th December, 1944 to rebuild a Wartorn Europe after World War II.

Mission

“To fight poverty with passion and professionalism for lasting results

and to help people help themselves,and their environment by providing

resources, sharing knowledge, building capacity and forging partnerships

in the public and private sectors”.

Objectives Provide assistance to developing and

transition countries Promote the economic development of

the world's poorer countries Finance the poorest developing

countries whose per capita GNP is less than $865 a year

Organization Its 186 member countries are

shareholders. The shareholders are represented by a

Board of Governors, who are the ultimate policy makers at the World Bank.

Annual Meetings of the Boards of Governors held once in a year.

Five Largest Shareholders France,

Germany,

Japan,

United Kingdom, and

The United States.

Other Member Countries Total member countries in each

institution:i. The International Bank for Reconstruction and

Development (IBRD): 188ii. The International Development Association

(IDA): 169iii.The International Finance Corporation (IFC):182iv.The Multilateral Investment Guarantee Agency

(MIGA): 175v. The International Centre for Settlement of

Investment Disputes (ICSID): 144

World Bank’s InstitutionsFive Institutions, One Group: International Bank for Reconstruction and

Development (IBRD) International Development Association (IDA) International Finance Corporation (IFC) Multilateral Investment Guarantee Agency

(MIGA) International Centre for Settlement of

Investment Disputes(ICSID)

Functions poverty reduction and the sustainable growth in the

poorest countries, especially in Africa; solutions to the special challenges of post-conflict

countries and fragile states; development solutions with customized services as well

as financing for middle-income countries; regional and global issues that cross national borders--

climate change, infectious diseases, and trade; greater development and opportunity in the Arab world; pulling together the best global knowledge to support

development

Analytical & advisory services: It provides analysis, advice and information to

member countries through:i. economic research and data collection on broad

issues such as the environment, poverty, trade and globalization;

ii. country-specific, non-lending activities such as economic and sector work, where it evaluates a country's economic prospects by examining its banking systems and financial markets, trade, infrastructure and poverty.

It draws upon the resources like wealth of contacts, knowledge, information and experience to educate clients so they can equip themselves to solve their development problems and promote economic growth.

Analytical & advisory services:

Its analyses, advice and knowledge are made available to client countries, their government and development professionals, and the public through Poverty Assessments Public Expenditure Reviews Country Economic Reports Sector Reports Topics in Development

Operations The World Bank's two closely affiliated

entities—the (IBRD) and the (IDA)—provide low or no interest loans (credits) and grants to countries that have unfavorable or no access to international credit markets.

It does not operate for profit. The IBRD is market-based, and it uses its high credit rating to pass the low interest it pays for money on to its borrowers—developing countries.

Areas 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

Loans Through the IBRD and IDA, we offer two basic

types of loans and credits:

i. investment operations: Countries use investment operations for goods, works and services in support of economic and social development projects in a broad range of economic and social sectors.

ii. development policy operations: Development policy operations (formerly known as adjustment loans) provide quick-disbursing financing to support a country’s policy and institutional reforms

Working 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.

The governors delegate specific duties to 25 Executive Directors, who work on-site at the Bank. The five largest shareholders appoint an executive director, while other member countries are represented by elected executive directors.

Working World Bank Group President Jim Yong

Kim chairs meetings of the Boards of Directors and is responsible for overall management of the Bank. The President is selected by the Board of Executive Directors for a five-year, renewable term.

The Executive Directors make up the Boards of Directors of the World Bank. They normally meet at least twice a week to oversee the Bank's business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies and borrowing and financial decisions.

Working The organizations that make up the World Bank Group

are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.

Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. These bodies make all major decisions for the organizations.

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.

In Pakistan Established in Pakistan, Jul 11, 1950

Projects in Pakistan Competitive Industries Project for Khyber

Pakhtunkhwa Punjab Health Sector Reform Project Pakistan: Second Sindh Education Sector

Project KP Southern Area Development Project MDTF FATA Emergency Rural Roads Project Second Additional Financing for Third

Partnership for Polio Eradication Project PK: Punjab Cities Governance Improvement And many more…….

Statistics

Criticism It was started to reduce poverty but it support

United States’ business interests. The President of the Bank is always a citizen of

the United States. Lack transparency to external publics. It is used as 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