World

Bank
 Introduction

• President : David Malpass

• Membership : 189 countries

• Headquarters : Washington, D.C., United States

• Staff : More than 10000 all over the world

• Established : 1944
 History of World Back

• The world bank is one of the two Bretton Woods Institutions which
were created in 1944. The other is International Monetary Fund
(IMF).

• IMF was created to administer the international monetary system.

• The International Bank for Reconstruction and Development (IBRD),

or World Bank, was initially designed to provide loans for Europe’s
post-war reconstruction.
The World Bank Group has set two GOALS for
the world to achieve by 2030

• End extreme poverty by decreasing the percentage of people living

on less than $1.90 a day to no more than 3%.

• Promote shared prosperity, by improving the living standards of the

bottom 40 per cent of the population in every country.

Sourse: https://www.worldbank.org/en/about/what-we-do
The World Bank is an international organization dedicated to providing
financing, advice, and research to developing nations to aid their
economic advancement. The bank predominantly acts as an
organization that attempts to fight poverty by offering developmental
assistance to middle- and low-income countries.
 BUILD CAPACITY

CREATE
INFRASTRUCTURE
NEED OF WORLD
BANK
DEVELOP FINANCIAL
SYSTEM

COMBAT CORRUPTION
 Areas of Operation

} Agriculture & Rural } Information, computing

Development and telecommunication
} Economic policy } Law and justice
} Education } Private sector
} Energy } Social protection
} Environment } Trade
} Financial sector } Water resources
} Health, nutrition and } Water supply and
population industry sanitation
 Objectives of World Bank

• To assist in the reconstruction and development of territories of the

members by facilitating the investment of capital for productive
purposes.

• To restore the economies of member counties destroyed or disrupted by

war, and the reconversion of production facilities to peacetime needs.

• To encourage the development of productive facilities and resources in

the less-developed countries (LDCs).

• To promote a private foreign investment by means of guarantees of

participation in loans and other investments that are made by private
investors.
 Objectives of World Bank

• Finance for productive purposes out of its own capital funds

raised by it and other resources.

• To promote the long-range balanced growth of international

trade and the maintenance of equilibrium in the BoP.

• To encourage an international investment of the productive

resources of members, thereby assisting in raising the
productivity, the standard of living, and the conditions of
labour in their territories.
Functions
 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 poor people.

• It helps in controlling emerging conflicts.

World Bank’s Assistance to India