Wb by nitin

Wb by nitin

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  INTRODUCTION President Membership Affiliates Headquarters ::::- Dr. Jim YongKim 188 countries IBRD, IDA, IFC, MIGA, ICSID Washington, DC, USA and more than 150 country Staff :- More than 9,000 employees Established :- July 1,1944 India became its member in 27th Dec, 1945
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  Dr. Jim YongKim
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  What is WorldBank…? The World Bank is a vital source of financial and technical assistance to developing countries around the world. We help governments in developing countries reduce poverty by providing them with money and technical expertise they need for a wide range of projects—such as education, health, infrastructure, communications, government reforms, and for many other purposes.
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  HISTORY  The WorldBank was created at Bretton Woods in 1944 to lend to European countries to help them rebuild after World War II. It was the world's first multilateral development bank, and was funded through the sale of World Bonds. Its first loans were to France and other European countries, but soon lent money to Chile, Mexico and India to build power plants and railways. By 1975, the Bank also lent money to countries to help with family planning, pollution control and environmentalism.
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  How is itdifferent form other banks The term "World Bank" refers only to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The term "World Bank Group" incorporates five closely associated entities that work collaboratively toward poverty reduction: the World Bank (IBRD and IDA), and three other agencies, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
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  World bank andIndia The World Bank Group is a key development partner of countries across the world including India. In India the World Bank has a portfolio of 77 active projects and current total commitments of US$24 billion. The strategy comprises of three key pillars: - Maintaining rapid and inclusive growth - Making development sustainable and - Increasing the effectiveness of service delivery Lending to India in the fiscal year 2011 was US$25.6 billion.
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  The Bank offerstwo basic types of loans:  Investment loans: Support of economic and social development projects  Development policy loans: Quick disbursing finance to support countries
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  SUPPORT TO INDIA Indiahas been borrowing from the World Bank through IBRD and IDA for various development projects in the area of poverty alleviations, infrastructure, rural developments etc. IDA funds are one of the most concessional external loans for GoId and are used largely in social sector projects that contribute to the achievement of Millennium Development Goals. India has borrowed around US$ 65.8 billion from the World Bank so far. In 1958, the Bank played an important role in establishing ‘India Aid Club’ for providing specific economic assistances to India. It has now been renamed as ‘India Development Forum’. International Development Association (IDA), an associate of World Bank is known as the soft loan window of the Bank and was established on September 24, 1960. During 1995-96 (July-June), India ranked first among the nations getting assistance from IDA.
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  Projects in India Agriculture  Infrastructure: • Power • Transport • Water • Urban development  Skills
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  GRANTS Relieve the debtburden 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
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  Analytic And Advisory Services PovertyAssessments Public Expenditure Reviews Country Economic Memoranda Social and Structural Reviews Sector Reports Topics in Development
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  AREA OF OPERATION Agricultureand 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
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  INDIA ASSOCIATION WITH WORLDBANK
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  It was startedto 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.
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  5 PRIORITIES OFWORLD 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.