1. WORLD BANKPresented by Prasanna(343) Vinay reddy(314) siva prasad(325).

2. AGENDA WORLD BANK INTRODUCTION WORLD BANK MISSION HISTORY MEMBERSHIP OF WORLD BANK NEED OF WORLD BANK OPERATIONS AREA OF OPERATIONS SUPPORT TO INDIA 5 PRIORTIES OF WORLD BANK INTERNATIONAL MONETARY FUND DIFFERENCE BETWEEN IMF & WORLD BANK 3. WORLD BANK INTRODUCTION 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. President :- Robert B. Zoellick Membership :- 185 countries Affiliates :- IFC, MIGA, ICSID Headquarters :- Washington, DC more than 100 country Staff :- about 10000 all over the world Established :- July 1,1944 4. WORLD BANK MISSION 5. HISTORY The world bank is one of the two Breton Woods Institutions which were created in 1944 to rebuild a war torn Europe after World War II . Since inception in 1944, the World Bank has expanded from a single institution to a closely associated group of five development institutions. Their mission evolved from the International Bank for Reconstruction and Development (IBRD) Development to the present-day mandate of worldwide poverty alleviation in close coordination with their affiliate. the International Development Association, and other members of the World Bank Groups International Bank of Reconstruction and development (IBRD) International Development Association(IDA) International Finance Corporation(IFC) Multilateral Investment Guarantee Agency(MIGA) International Centre for Settlement of Investment Disputes 6. Membership of world bank The organizations that make up the World Bank Group are owned bythe governments of member nations, which have the ultimate decisionmaking power within the organizations on all matters, including policy, financial or membership issues. Member countries govern the World Bank Group through the Boards of Governors and the Boards of Executive Directors. These bodies make all major decisions for the organizations. To become a member of the Bank, under the IBRD Articles of Agreement, a country must first join the International Monetary Fund (IMF). Membership in IDA, IFC and MIGA are conditional on membership in IBRD. 7. NEED OF WORLD BANK BUILD CAPACIT YCREATE INFRA STRUCTU REDEVELOP FINANCIA L SYSTEMCOMBAT CORRUPT ION 8. OPERATIONS Fund generation Grants Analytic & Advisory Services Capacity building Granting reconstruction & development loans Providing loans to governments & private concerns Promoting foreign investment Providing technical, economic and monetary advice Encouraging industrial development 9. CONTRIBUTIONCOMPREHENSIVE DEVELOPMENT FRAMEWORKPOVERTY REDUCTION STRATEGIES 10. AREA OF OPERATION Agriculture and 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 11. SUPPORT TO INDIA India is home to over one-quarter of the worlds poor,and the World Bank Group is focused on sharing best practices as well as financing for development as a part of its mission to help reduce global poverty. 12. 5 PRIORITIES OF WORLD 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 poorpeople. It helps in controlling emerging conflicts. 13. IMF- International Monetary Fund Roles Of IMF: Tracks global economic trends and performance Alerts its member countries Provides a forum for policy dialogue Provides policy advice and financing to members Objectives: To provide the global public good of financial stability Facilitate the growth of international trade, thus promoting job creation,economic growth, and poverty reduction Promote exchange rate stability and an open system of international payments Lend countries foreign exchange when needed, on a temporary basis and under adequate safeguards, to help them address balance of payments problems 14. IMFs 9 Functional Departments External Relations Department Finance Department IMF Institute Legal Department Monetary and Capital Markets Department Research Department Statistics Department Strategy, Policy, and Review Department 15. Difference Between IMF & World Bank The International Monetary Fund Oversees the international monetary system Promotes exchange stability and orderly exchange relations among its member countries Assists all members--both industrial and developing countries--that find themselves in temporary balance of payments difficulties by providing short- to medium-term credits Draws its financial resources principally from the quota subscriptions of its member countries Has at its disposal fully paid-in quotas now totaling SDR 145 billion (about $215 billion) Has a staff of 2,300 drawn from 182 member countries 16. Cont.. World Bank Seeks to promote the economic development of the world's poorer countries Assists developing countries through long-term financing of development projectsand programs Provides to the poorest developing countries whose per capita GNP is less than $865a year special financial assistance through the international development association (IDA) Acquires most of its financial resources by borrowing on the international bondmarket Has an authorized capital of $184 billion, of which members pay in about 10 percent Has a staff of 7,000 drawn from 180 member countries