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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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