World Bank

1http://www.worldbank.org/en/about

International Bank for Reconstruction and Development

• Was created in 1944 to help Europe rebuild after World War II.

• Today, IBRD provides loans and other assistance primarily to middle income countries.

• It works closely to help developing countries – reduce poverty, – promote economic growth, – build prosperity.

• IBRD raises most of its funds in the world's financial markets.

• IBRD has maintained a triple-A rating since 1959.

• Its high credit rating allows it to borrow at low cost and offer middle-income developing countries.

• IBRD earns income every year from the return on its equity and from the small margin it makes on lending.

http://www.worldbank.org/en/about/what-we-do/brief/ibrd 2

http://www.worldbank.org/en/about/what-we-do/brief/ibrd 3

The International Development Association(IDA)

• IDA is one of the largest sources of assistance for the world’s 77 poorest countries, 39 of which are in Africa.

• It is the single largest source of donor funds for basic social services in these countries.

• IDA-financed operations deliver positive change for 2.8 billion people, the majority of whom survive on less than $2 a day.

• IDA complements the World Bank’s original lending arm, the IBRD.

• IBRD and IDA share the same staff and headquarters and evaluate projects with the same rigorous standards.

• India graduated from IDA at the end of FY14 but will receive transitional support on an exceptional basis through the IDA17 period (FY15-17).

http://www.worldbank.org/ida/what-is-ida.html 4

http://www.worldbank.org/ida/images/what-is-IDA-info-900x2450.png 5

http://www.worldbank.org/ida/what-is-ida-infographic.html 6

The International Finance Corporation

• Holding a $49.6 billion portfolio touching almost every major industry, we now reach millions of people in more than 100 countries, creating jobs, raising living standards, and building a better future to support the World Bank Group's two goals– ending extreme poverty – boosting shared prosperity.

• IFC coordinates its activities with the other institutions of the World Bank Group but is legally and financially independent.

• IFC's 184 member countries, through a Board of Governors and a Board of Directors, guide IFC's programs and activities.

• IFC has over 4,015 staff, of whom 57% work in field offices and 43% at headquarters in Washington, D.C.

http://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home

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http://www.ifc.org/wps/wcm/connect/91518b804572e08a8c04bd9916182e35/AR2014_Financial_Highlights.pdf?MOD=AJPERES

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The Multilateral Investment Guarantee Agency

• Its mission is to promote foreign direct investment (FDI) into developing countries to help support – economic growth,– reduce poverty, – improve people's lives.

• MIGA provides political risk insurance (guarantees) for projects in a broad range of sectors in developing member countries, covering all regions of the world.

• MIGA guarantees offer much more than just the assurance that losses will be recovered. – Deterring harmful actions– Resolving disputes– Accessing funding– Lowering borrowing costs – Increasing tenors– Providing environmental

and social expertise

http://www.miga.org/investmentguarantees/index.cfm 9

Development Result

http://viewer.zmags.com/publication/ac86d4ea#/ac86d4ea/6 10

The International Centre for Settlement of Investment Disputes

• ICSID is the world’s leading institution devoted to international investment dispute settlement.

• It has extensive experience in this field, having administered the majority of all international investment cases.

• States have agreed on ICSID as a forum for investor-State dispute settlement in most international investment treaties and in numerous investment laws and contracts.

• ICSID was established in 1966 by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention).

• The ICSID Convention is a multilateral treaty formulated by the Executive Directors of the World Bank to further the Bank’s objective of promoting international investment.

https://icsid.worldbank.org/apps/ICSIDWEB/Pages/default.aspx 11

World bank - India

• http://openindia.worldbankgroup.org/#!overview1

• world bank group's country partnership strategy– Systematic Country Diagnostic (SCD)– Country Partnership Framework (CPF)

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Article

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Russia: World Bank predicts increase in poverty in Russia for the first time since 1998 crisis

• According to the document authors, poverty did not grow even in 2008-2009 because there was some growth in disposable income.

• The World Bank (WB) predicts growth in poverty in Russia for 2015-2016 for the first time since the 1998 crisis, according to the World Bank report published Wednesday.

• Last year poverty increased significantly from 10.8 percent in 2013 to about 11 percent in 2014, the document says.

• Additionally, according to the World Bank analysts, Russia's medium-term economic growth will also depend on how the country can adapt to shocks caused by changes in oil prices and sanctions, which pose a threat to financial stability and fiscal sustainability.

Asia News Monitor [Bangkok] 06 Apr 2015. 14

World Bank looks to expand its open data initiative to reach wider audience

• World Bank, a global financial institution whose official mandate is to reduce global poverty, decided to throw open its rich database.

• This initiative meant anyone can now access 8,000 plus time series indicators for more than 200 countries for free.

• There has been an increase in downloads and visits from all countries across the board, high income, middle income, and low income. On average, 60% of visitors come from high-income countries and 40% come from low and middle income countries.

• Users look for data from the following countries the most (in order): China, US, India, Mexico, Brazil, Argentina, Colombia, Indonesia.

The Economic Times (Online) [New Delhi] 01 Apr 2013. 15

Developing countries to get bigger share of investments - World Bank

• The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into financial markets, the World Bank predicted in a report.

• These nations and their comparatively younger and bigger populations are also set to become the largest sources of capital, with China and India turning into the world's two biggest investors by 2030, the global development lender said.

• By 2030, for every dollar invested in the world, 60 cents will flow into developing countries, a dramatic change from 20 cents to the dollar in 2000. China will make up 30 percent of all investment activity, while the United States will have 11 percent and India, 7 percent.

Financial Mirror [Nicosia] 17 May 2013. 16

Thank you

T.Kalai vani 17