WORLD BANKPresented byPRAVEEN KUMAR SAHUMBA 4th SEMSMS MNNIT ALLAHABAD

Content

• Introduction• Objective and function• Need of the world Bank• Membership • Organizational structure• Projects• Success story of world Bank• References

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 :- 187 countries• Affiliates :- IBRD, IDA, IFC, MIGA, ICSID• Headquarters :- Washington, DC• Established :- July 1,1944

Robert B. Zoolick

HISTORY

• The World Bank is one of five institutions created at the Bretton Woods Conference in 1944.

• It  formally began operations on 26th June 1946.• The initial authorised capital of the bank was $12 million.• The primary purpose of the Bank was to provide loans for

reconstruction and rebuilding of Western European countries after World War 2.

• Another purpose of the Bank was to invest in the developing world.• The lending for reconstruction ended in 1967, and into the present

the Bank remains the largest source of development assistance. This assistance is intended primarily for projects that were unable to attract private investment.

OBJECTIVE AND FUNCTION

• 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 special financial assistance through the International Development Association (IDA)

NEED OF WORLD BANK

NEED OF WORLD BANK

BUILD CAPACITY

CREATE INFRASTRUCTURE

DEVELOP FINANCIAL

SYSTEM

COMBAT CORRUPTION

The Bank offers two basic types of loans:

Investment loans: Support of economic and social development projects

Development policy loans: Quick disbursing finance to support countries

AGENCIES

• International Bank for Reconstruction and Development (IBRD)

• International Development Associations (IDA)• International Finance Corporation (IFC)• Multilateral Investment Guarantee Agency

(MIGA)• International Centre for Settlement of

Investment Disputes (ICSID)

Organizational Structure

• Technically a part of United Nations• Each institution is owned by its member

governments• The president of world bank is nominated by

President of the United States and elected by Bank’s Board of Governors

• As of 2009, US held 16.4% of total votes, Japan 7.9%, Germany 4.5%, UK 4.3%, and France 4.3%.

• US can block any major change in the Bank’s governing structure.

ORGANIZATIONAL UNITS

GENERAL MANAGEMENT UNITS

REGIONAL UNITS

NETWORK UNITS

THE WORLD BANK GROUP

LEADERSHIP

• The Governors delegate specific duties to 25 Executive Directors

• The five largest shareholders, France, Germany, Japan, US and UK appoint an executive director

• Other member countries represents by 20 elected executive directors

MEMBERSHIP

• To become a member-– A country must first join IMF– Subscription fee (= 88.29% of the quota that a

country has to pay to IMF), 195 world bank shares (US$ 120,635 per share), of these .60% must be paid in cash in US$ and 5.40% can be paid in country’s local currency

– the balance of 195 shares is left as ‘callable capital’

Some World Bank Funded Projects in India

Project Title Country Project ID

Commitment Amount(US$

million) Status Approval Date

India: Uttar Pradesh Health Systems Strengthening Project (UPHSSP) India P100304 152.00 Active DEC 20, 2011

North East Rural Livelihoods Project (NERLP) India P102330 130.00 Active DEC 20, 2011

Second Kerala Rural Water Supply and Sanitation Project (Jalanidhi II) India P121774 155.30 Active DEC 15, 2011

West Bengal Accelerated Development of Minor Irrigation India P105311 250.00 Active OCT 04, 2011

Capacity Building for Urban Local Bodies-NURM India P099979 60.00 Active JUL 21, 2011

National Rural Livelihoods Project India P104164 1,000.00 Active JUL 05, 2011

Vishnugad Pipalkoti Hydro Electric Project India P096124 648.00 Active JUN 30, 2011

India: Uttar Pradesh Health Systems Strengthening Project (UPHSSP)

• The development objective of the Uttar Pradesh Health Systems Strengthening Project for India is to improve the efficiency, quality and accountability of health services delivery in Uttar Pradesh by strengthening the state health department's management and systems capacity. There are two components to the project. The first component is strengthening the department of health's management and accountability systems

• The second component is improving the department of health's capacity to perform its quality assurance role and more effectively engage the private sector.

Basic InformationProject ID P100304

Sector Health

Status Active

Approval Date DEC 20, 2011

Closing Date MAR 31, 2017

Country India

Region South Asia

Environmental Category B

Team Leader Vikram Sundara Rajan

Borrower GOVERNMENT OF INDIA

Implementing AgencyGOVERNMENT OF UTTAR PRADESH

Total Project Cost US$170.00 million

Commitment Amount US$152.00 million

North East Rural Livelihoods Project (NERLP)

• The development objective of the North East Rural Livelihoods Project for India is to improve rural livelihoods, especially that of women, unemployed youths and the most disadvantaged, in the participating North Eastern States. There are four components to the project. The components are:-

• social empowerment. • economic empowerment• partnership development• project management.

Basic InformationProject ID P102330

SectorGeneral agriculture, fishing and forestry sector

Status Active

Approval Date DEC 20, 2011

Closing Date MAR 31, 2017

Country India

Region South Asia

Environmental Category B

Team Leader Kevin John Crockford

Borrower GOVERNMENT OF INDIA

Implementing AgencyMINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION

Total Project Cost US$144.40 million

Commitment Amount US$130.00 million

Success Stories of World Bank Initiative

• Malawi's statistics are grim: 11 million people, an HIV prevalence rate of 15 percent, life expectancy of 38 years, and an average person living on less than one dollar per day. Against these dire conditions, the Malawi Social Action Fund Project (MASAF) III provides much-needed support to roughly 20 percent of the Malawian population, based on well-established Community Driven Development (CDD) principles such as sustainability, community empowerment, and decentralization.

Contd…

• The face of rural Senegal is changing. The city is no longer draining rural areas of their educated populations, and young people are returning home to their villages. Many want to shape the future of their community, while others are returning to become community leaders. Even the roles of women have changed as they increasingly become strong voices in their communities. This shift is largely due to the community-driven National Rural Infrastructure Program (PNIR), which is helping communities invest in themselves.

References

• www.worldbank.org.in• wwwr.worldbank.org › Countries › South Asia• data.worldbank.org

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