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MITCON INSTITUTE OF MANAGEMENTBA-DEPARTMENT

SEM-2

SUB-INTERNATIONAL BUSINESS MANAGEMENT

WORLD BANK

PRESENTED BY

ANUPAMA DAS-BA1205

ANURAG GOSWAMI-BA1206

AKANKSHA DWIVEDI-BA1202

ADARSH-BA1201

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WORLD BANK

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INTRODUCTIONThe World Bank is an International Financial Institution

that provides loans to developing countries for capital

programs.

Established in 1944, the World Bank is headquartered in

Washington, D.C.

The World Bank's official goal is the reduction of poverty.

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CONTINUED.

Since inception in 1944, the World Bank has expanded from a

single institution to a closely associated group of five

development institutions.

Its mission evolved from the International Bank for

Reconstruction and Development (IBRD) as facilitator of post-

war reconstruction and development to the present-day

mandate of worldwide poverty alleviation.

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Jim yong kim Born :December 8,1959[age53]

Seoul,South Korea. Education: Graduate from

BROWN universityM.D ,HARVARD UniversityIN 1991PH.D IN ANTHROPOLOGY

Nationality: United States. Profession: physician Currently: 12TH President of world bank group

CURRENT CHAIRMAN OF WORLD BANK

JIM YONG KIM

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FIVE INSTITUTION ONE GROUPInternational Bank For Reconstruction &

Development(IBRD).

International Development Association(IDA).International Financial Corporation(IFA).

Multilateral Investment Guarantee Agency(MIGA).

International Centre for Settlement of Investment

Dispute(ICSID).

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IBRD The International Bank for Reconstruction and

Development (IBRD)lends to governments of middle-income and creditworthy low-income countries.

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International Development

Association (IDA)

It provides interest-free loanscalled credits and grants togovernments of the poorest countries.

IDA is the world largest source of interest free loan and grant

assistance to the poorest countries.

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INTernational Finance

Corporation (IFC)

It is the largest global development institution focusedexclusively on the private sector, help developingcountries achieve sustainable growth by financinginvestment, mobilizing capital in internationalfinancial markets, and providing advisory services tobusinesses and governments.

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Multilateral Investment

Guarantee Agency (MIGA)

It was created in 1988 as a member of the World

Bank Group to promote foreign direct investmentinto developing countries to support economicgrowth, reduce poverty, and improve peoples lives.MIGA fulfills this mandate by offering political

risk insurance (guarantees) to investors andlenders.

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International Centre for

Settlement of Investment

Disputes (ICSID)

It provides international facilities for conciliationand arbitration of investment disputes.

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The role of the World Bank

Partner in strengthening economiesand expanding markets lends

money, doesnt make grants .

G-7 members (Canada ,France,Germany, Italy, Japan, UK, and U.S)-U.S. has largest shareholding in the

Bank (approximately 17%)

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Member CountriesThe organizations that make up the World Bank Group are

owned by the governments of member nations.

To become a member of the Bank, a country must first join theInternational Monetary Fund (IMF). Membership in IDA, IFC

and MIGA are conditional on membership in IBRD.

The Corporate Secretariat Vice Presidency coordinates theprocess for new membership and maintains the information

relating to the status of membership which includes the

membership lists.

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Criteriaunder which world BANK providefunds

Eradicate Extreme Poverty and Hunger

Achieve Universal Primary Education:

Promote Gender Equality

Reduce Child Mortality

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CONTINUED.

Improve Maternal Health

Combat HIV/AIDS, Malaria, and Other Diseases.

Ensure Environmental Sustainability

Develop a Global Partnership for Development

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OPERATIONSFund generation

Loans

GrantsAnalytic and advisory service

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GrantsRelieve the debt burden of heavily indebted poor countries.

Improve sanitation and water supplies

Combat the HIV/AIDS.

Support vaccination and immunisation program to reducediseases like malaria.

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Area of operation

Agriculture and rural development

Economic policy

Education

Energy

EnvironmentFinancial sector

Health, nutrition and care.

Telecommunication

Law & justice

Social protection

Trade

Water resources

Water supply and sanitation

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FUND PROVIDED BY WORLD BANK TO INDIA

The World Bank Groups Strategy for India for FY 2009 to FY

2012 . The Bank uses lending and analytical work to help India

achieve its goals between 2009 and 2012.

The Bank lent around $19 billion to the country. As of March

2012, total net commitments stood at $23.4 billion (IBRD

$15.6 billion, IDA 7.8 billion) across 75 projects.

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FUND PROVIDED BY WORLD BANK TO INDIA

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Karnataka watershed

development projectII The project will improve government watershed

operations across 7 districts of Karnataka, building onthe success of an earlier project which helped improvethe lives of 230,000 farmers by increasing crop yieldsby 25 percent.

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criticismIt was started to reduce poverty but it support united nation

states business interests.

It is deeply implication in contemporary modes of donor and

NGO driven imperialism.

The president of the bank is always a citizen of the United

States.

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