World Bank And WTO

Presented By:
Siddhi Devrukhkar 17
Chandan Khutarkar 05
Rahul Koli 11

World Bank
The World Bank, established in July 1944,
Headquartered in Washington D.C. United States.
The World Bank is a United Nations International
Financial Institution that provides loans to
developing countries for capital programs.

Motto

: Working for a World Free of Poverty

Type

: International Financial Organization

Purpose

: Crediting

Membership

: 188 countries (IBRD)

172 countries (IDA)

President

: Jim Yong Kim

Parent Organization : World Bank Group

Overview
The World bank is made up of 2 unique
development institutions owned by 186 member
countries :
International Bank for Reconstruction and
Development (IBRD)
International Development Association (IDA)
Each institution plays a different but collaborative
role in advancing the vision of inclusive &
sustainable globalization.
The IBRD aims to reduce poverty in middle
income and credit worthy poorer countries,
IDA focuses on the worlds poorest countries.

 It provides low interest loans, interest free credits and

grants to developing countries for various purposes that
includes :
1) investments in education,
2) health,
3) public administration,
4) infrastructure,
5) financial & private sector development,
6) agriculture,
7) environmental & natural resource management.

Analytical & Advisory Services

It provides analysis, advice and information to member countries through :

Economic research & data collection on board issues such as the environment, poverty, trade and globalization.

Country-specific, non-lending activities such as economic & sector work, which is evaluated by examining its banking systems & financial markets, trades, poverty.

Its analyses, advice & knowledge are made available to client counties, their govt. & development professionals, & the public through :
Poverty Assessments,
Public Expenditure Reviews,
Country Economic Reports,
Sector Reports,
Topics in Development

World Bank Mission

To fight poverty with passion and professionalism for
lasting results. To help people help themselves and their
environment by providing resources, sharing knowledge,
building capacity, and forging partnerships in the public
and private sectors.

 The World Bank lends only to developing or transition

economies, whereas all member countries, rich or
poor, can draw on the IMFs services and resources.
The IMFs loans address short-term economic
problems: they provide general support for a
countrys balance of payments and international
reserves while the country takes policy action to
address its difficulties. The World Bank is concerned
mainly with longer-term issues: it seeks to integrate
countries into the wider world economy and to
promote economic growth that reduces poverty.
The IMF focuses on the macroeconomic performance
of economies, as well as on macroeconomic and
financial sector policy. The World Banks focus
extends further into the particular sectors of a

World Bank 7/01/2011

Difference between World Bank and

IMF

Formation

: 1January 1995

Type

: International Trade Organization

Purpose

: Regulate international trade

Headquarters

: Centre William Rappard, Geneva,

Switzerland

Region Served : Worldwide

Membership

: 160 member states

Director-General : Roberto Azevedo

The WTO Structure

Functions Of WTO
The main function is to ensure that trade flows as
smoothly, predictably and freely as possible.
Administering trade agreements- WTO agreements
cover goods, services, intellectual property.
Acting as a forum for trade negotiations
Settling
trade
disputes-Importantly
WTO
set
procedures to settle disputes .
Reviewing national trade policies.
Assisting developing countries in trade policy issues,
through technical assistance and training programmes.
Co-operating with other international organizationsIMF and The World Bank.