A world free of poverty
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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

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A World free of poverty

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A world free of poverty

A World free of poverty

World Bank


History

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


What is the world bank

What is the World Bank ?

  • One of the world’s 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


Partners

Partners

  • International Organizations (EU,IMF,UN,WTO)

  • Affiliates (CGIAR,CGAP, Development Gateway, GEF)

  • NGO’s and Civil Society

  • Business and the Private Sector

  • Donors & Co-financing

  • Students and the Academic Community


The bank is accountable

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


Where does the money go

Where does the money go?


Where does the money go cont

Where does the money go? (cont.)


The role of the world bank

The role of the World Bank

  • Partner in strengthening economies and expanding markets – lends money, doesn’t 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


Conclusion lessons of experience

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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