A World free of poverty

World Bank

History
Founded in 1944,at Bretton Woods, New Hampshire First loan to France in 1947 of $250 million 1947 - Incorporation into UN System 1979 - Lending for the fiscal year crosses the $10 billion mark for the first time 1995 James D. Wolfensohn becomes Bank president

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What is the World Bank ?

One of the worlds largest sources of

development assistance (FY 2001 provided more than US$17 billion in loans) IBRD has 183 members, IDA has 161, the IFC has 174, MIGA has 154 and ICSID has 133

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Partners
International Organizations

(EU,IMF,UN,WTO) Affiliates (CGIAR,CGAP, Development Gateway, GEF) NGOs and Civil Society Business and the Private Sector Donors & Co-financing Students and the Academic Community

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The Bank is Accountable

Information sharing essential for

effective and sustainable growth.publicly accountable to member countries Staff and management held directly accountable by its members OED reviews all Bank-financed projects and reports directly to the Board World Bank

Where does the money go?

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Where does the money go? (cont.)

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The role of the World Bank

Partner in strengthening economies and

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%) Bank comparable to a Global Cooperative

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Conclusion: Lessons of Experience

Challenges
Proposal for a comprehensive

development Framework might be too holistic Absolute number of poor people is rising as a result of rapid population growth Resistance by some governments

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