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THE WORLD BANK

THE WORLD BANK . http://www.worldbank.org. History. Since inception in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions.

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THE WORLD BANK

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  1. THE WORLD BANK http://www.worldbank.org

  2. History Since inception in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions. Established in 1944, the World Bank Group is headquartered in Washington, D.C. and have more than 10,000 employees in more than 120 offices worldwide. 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. Reconstruction remains an important part of our work. However, at today's World Bank, poverty reduction through an inclusive and sustainable globalization remains the overarching goal of our work

  3. Five Institutions, One Group The International Bank for Reconstruction and Development (IBRD) lends to governments of middle-income and creditworthy low-income countries. The International Development Association (IDA) provides interest-free loans—called credits— and grants to governments of the poorest countries. The International Finance Corporation (IFC), a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. The International Centre for Settlement of Investment Disputes (ICSID) provides international facilities for conciliation and arbitration of investment disputes.

  4. Goals for the world to achieve by 2030 End extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3% Promote shared prosperity by fostering the income growth of the bottom 40% for every country

  5. Support Provide low-interest loans, interest-free credits, and grants to developing countries. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management Provide or facilitate financing through trust fund partnerships with bilateral and multilateral donors.  Offer support to developing countries through policy advice, research and analysis, and technical assistance Support capacity development in the countries Sponsor, host, or participate in many conferences and forums on issues of development, often in collaboration with partners.

  6. The World Bank and India The new Country Partnership Strategy for India will guide the World Bank Group’s support to India over the next four years (2013-2017).  The strategy will help India lay the foundations for achieving “faster, sustainable, and more inclusive growth” as outlined in the government’s 12th Five-Year Plan. The World Bank Group will support India with an integrated package of financing, advisory services, and knowledge—one that is tailored to the needs of individual states. A key feature of the new strategy is the significant shift in support toward low-income and special category states, where many of India’s poor and disadvantaged live. Poverty would be reduced from 29.8% (2010) to 5.5% 

  7. World Bank Group financing under the new strategy is expected to be $3 billion to $5 billion each year over the next five years. Sixty percent of the financing will go to state government-backed projects. Half of this, or 30% of total lending, will go to low-income or special category states. In the next five years, the World Bank Group will focus on three key areas of engagement: integration, rural-urban transformation, and inclusion. Common themes running across these areas will be improved governance, environmental sustainability, private sector, and gender equality.

  8. Past support to India’s development agenda  Education for All Program  Support for vocational training programs Rural livelihood programs – SHGs Rural water supply and sanitation Tuberculosis (TB) National AIDS program Health projects has helped pregnant women to reach medical facilities in time for delivery; India’s National Rural Roads Program Improving farmer incomes from rainfedlands Sodic Lands Reclamation Projects

  9. Thanks

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