The World Bank Institute

By, Nimra Muhammed and Aroma Saini

CGAP 2A

The World Bank A global connector of

knowledge, learning and innovation for poverty reduction with a focus on how to reform.

Created to help reduce poverty and support reconstruction of developing countries

Headquarters based in Washington, D.C.

Five Institutions within WBI 1. International Back for Reconstruction

Development (IBRD) 2. International Development

Association (IDA) 3. International Finance Corporation

(IFC) 4. Multilateral Investment Guarantee

Agency (MIGA) 5. International Centre for Settlement

of Investment Disputes (ICSID)

International Back for Reconstruction and Development

Known as IBRD Tends to governments of middle-

income and creditworthy low-income countries

188 member nations

International Development Association

Shortened to IDA provides interest-free loans—called

credits—and grants to governments of the poorest countries

172 members nations

The International Finance Corporation (IFC)

Largest global development institution focused exclusively on private sector

Help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.

184 members nations

The Multilateral Investment Guarantee Agency (MIGA)

Created in 1988 Promotes foreign direct investment into

developing countries to support economic growth, reduce poverty, and improve people’s lives.

Fulfills this mandate by offering political risk insurance to investors and lenders.

179 members nations

The International Centre for Settlement of Investment Disputes (ICSID)

Provides facilities for conciliation and arbitration of investment disputes

142 members

Mission Statement Provides area of support

for newly developing countries by open knowledge (how to reform), collaborative governance (mobilize for collaborative action), innovative solutions (overcome struggles in development)

Provide technical and financial support

Reducing poverty is still a long-term goal to reach

Articles of Agreement A constitution, it is a compilation of

11 articles. Agreement if from Internation Back of

Reconstruction Development (IBRD) but accounts for World Bank Institute as well

1. Help in reconstruction and development of members

2. Promotes private foreign investment and agreement in loans

3. Encourage long-reaching growth of international trade like NAFTA but internationally trade with membership countries

4. Guaranteed to international loans through useful projects, on large or small scale, but most important issue comes first

Since 1944… Expanded from one institute into a

collaboration of five development institutions Created in 1944, 69 years old Drastic increase in assistance of social media

and media in general Focus changes from financial support to access

of world knowledge and transparency of government and accountability

Membership Total of 188 members Islamic Republic of Iran: December 29,

1945 Mexico: December 31, 1945 Nigeria: March 30, 1961 United Kingdom: December 27, 1945 Russia: not in the World Bank China: December 27, 1945 Also collaborates with the United Nations

in areas such as fragile states, climate change, and human development.

Leadership First President was Eugene Meyer Current President: Jim Yong Kim (12th

president) Elected by Board of Governors with a 5

year, renewable term Board of Governors: ultimate

policymakers, ministers of finance 25 Executive Directors: work on-site,

meet twice a week to oversee the Bank’s business (approval of loans, new policies etc)

Advantages of WBI Membership Encourages co-financing Improves private sector Participation on tariffs Access to capital markets for private sector Lower cost of financing Improve project sustainability Reduce risk of private transaction in emerging

countries

Disadvantage of the WBI accused of not

involving communities in decision-making

assumes that benefits will help the poor rather than the rich and powerful

accused of paying little attention to rural poverty

International Impact Iran: Northern Cities Water Supply and

Sanitation Project China: Hunan Forest Restoration and

Development Project Mexico: Sustainable Rural Development

Additional Financing Russia: Microfinance Development

Project Nigeria: NG-Polio Eradication Support United Kingdom: Shareholder of World

Bank. The Department of External Affairs of the World Bank manages day-to-day relations with British Constituencies, including government, parliamentarians, private sector, civil society, academics, and media.

Works Cited "Resources." News & Broadcast. The World Bank Group, 2013.

Web. 20 Mar. 2013.

Vidal, John. "World Bank Spending on Forests Fails to Curb Poverty, Auditors Claim." The Guardian. Guardian News and Media, 29 Jan. 2013. Web. 20 Mar. 2013.

"Bad Samaritans." Multinational Monitor. Corporate Accountability Research, Oct. 2008. Web. 20 Mar. 2013.

"Site Tools." About Us. The World Bank Group, n.d. Web. 20 Mar. 2013. <http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:20046292~menuPK:1696892~pagePK:51123644~piPK:329829~theSitePK:29708,00.html>.

"Microfinance Development Project." The World Bank. The World Bank Group, n.d. Web. 21 Mar. 2013. <http://www.worldbank.org/projects/P095554/microfinance-development-project?lang=en>.

Works Cited "United Kingdom and the World Bank." The World Bank. The World Bank

Group, n.d. Web. 20 Mar. 2013. <http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/WBEUROPEEXTN/UKEXT/0,,contentMDK:22912565~menuPK:8126710~pagePK:141137~piPK:141127~theSitePK:8120290,00.html>.

"Projects & Operations." The World Bank. The World Bank Group, n.d. Web. 21 Mar. 2013. <http://www.worldbank.org/projects/P076884/ir-northern-cities-water-supply-sanitation-project?lang=en>.

"Hunan Forest Restoration and Development Project." The World Bank. The World Bank Group, n.d. Web. 21 Mar. 2013. <http://www.worldbank.org/projects/P125021/hunan-forest-restoration-development-project?lang=en>.

“Sustainable Rural Development.“ The World Bank. The World Bank Group, n.d. Web. 21 Mar. 2013. <http://www.worldbank.org/projects/P130623/sustainable-rural-development-additional-financing?lang=en>.

"NG-Polio Eradication Support (FY13)." The World Bank. The World Bank Group, n.d. Web. 21 Mar. 2013. <http://www.worldbank.org/projects/P130865/ng-polio-eradication-support-fy13?lang=en>.