world bank23, mariya

8/7/2019 world bank23, MARIYA

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International Business Environment

Mariya.Nathalie.Vanhaltren

II M.B.A09PBA127


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WORLD BANK


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Agenda

History of world bank.

Functions of world bank.

Millennium development goals.

Five institutions of world bank.

Operations need and fund generation of world bank.

Support to India.

Priorities .

Criticisms.


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World Bank

President :- Robert B.Zoollick

Established :-July 1,1944

Membership :- 185 countries Affiliates :- IFC,MIGA,ICSID.

Headquarters :- Washington ,DC and more than 100

country staff and about10000 all over the world.


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ROBERT B.ZOOLICK


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History

The world bank is one of the two Bretton Woods

institutions which were created in 1944 to rebuild a

wartorn Europe after World War II. Later largely dueto the contributions of the Marshall Plan , the World

Bank was forced to find a new area in which to focus

its efforts.


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World Bank Group

The world bank is one of the worlds largest sourcesof

funding for developing the world.

Its primary focus is on helping the poorest people and

the poorest countries.

It uses its financial resources, its staffs, and extensive

experience to help developing countries, reducepoverty increase economic growth and improve their

quality of life.


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BUILDING OF

WORLD BANK

The world bank is an

internationally supported bank

that provides financial and

technical assistance todeveloping countries for

development programs (e.g.

bridges, roads, schools)with the

stated goal of reducing poverty.


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MILLENNIUMMILLENNIUM

DEVELOPMENTGOALSDEVELOPMENTGOALS

Goal1: End extreme poverty and hunger.Goal2: Achieve universal primary education.

Goal3: Empower women and promote equality

between men and women.

Goal4: Improve health of pregnant women andmothers.


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Conti

Goal5: Reduce child death rates.

Goal6: Ensure environmental sustainability.

Goal7: Tackle HIV/AIDS, Malaria and otherdiseases.


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INSIDE THE WORLD BANK

The world bank was conceived in 1944 to finance post

war reconstruction of Europe.

Today it includes five institutions: IBRD

IDA

IFC MIGA

ICSID


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Conti.

IBRD: International Bank for Reconstruction andDevelopment lends to countries with good credit ,fundingitself by raising cash in credit markets.

IDA : International Development Association lends $6billion or more a year to poorest countries, half in Africain interest free loans with replacement period of 40 years.

IF

C :International Finance Corp its a private sector

arm owned by the banks 179 member countries, makesmarket rate loans and equity investments in high riskcountries.


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Conti..

MIGA : Multilateral Investment GuaranteeAgency it works with other bank units to develop

foreign direct investment in high risk countries.

ICSID: International Centre for the Settlement ofInvestment Disputes it is an autonomous unit to settle

disputes between government, and private sectors.


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NEEDOFWORLD BANK

NEED OFWORLD

BANK

BUILD

CAPACITY

CREATEINFRASTRUCT

URE

DEVELOPFINANCIAL

SYSTEM

COMBATCORRUPTION


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CONTRIBUTION

POVERTYREDUCTIONSTRATEGIES

COMPREHENSIVEDEVELOPMENTFRAMEWORK


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OPERATIONS

Fund generation

Loans

Analytic & Advisory Services

Capacity building


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IBRD lending to developing countries is financed by

selling AAA-rated bonds.

IDA is the worlds largest source of interest free loansand grant assistance to the poorest countries.

FUND GENERATION


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Relieve the debt burden of heavily indebted poor

countries

Improve sanitation and water supplies

Support vaccination and immunization programs to

reduce the incidence of communicable diseases like

malaria

Combat the HIV/AIDS pandemic Support civil society organizations

Create initiatives to cut the emission of greenhouse

effect

GRANTS


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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

AREAOFOPERATION


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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.

5 PRIORITIES OF WORLD

BANK


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WHERE DOESTHE

MONEYGO

IBRDLOANS GAURANTEES

IDA CREDIT INVESTMENTS

TRUSTFUND GRANTS

PROJECTFINANCE


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It was started to 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.

CRITICISM


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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.

Conti


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References

International Business by Francis Cherunilam, pgs

288 to

Wikipedia.com

www.google.com

world bank23, mariya

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