IBRD (International Bank for Reconstruction and Development)

this contains information regarding ibrd its functioning features and advantages disadvantages and how world bank came into force and how its members increased

1. WORLD BANK WORLD BANK

2. IntroductionIntroduction
FORMATION 27 December 1945
Type International organization
Purpose/focus
Economic development,
poverty elimination

3. Its five agencies are:Its five agencies are:
•International Bank for Reconstruction and Development
(IBRD) 1945
•International Development Association (IDA)
1960
•International Finance cooperation (IFC) 1956
•Multilateral Investment Guarantee Agency
(MIGA) 1988
•International Centre for Settlement of
Investment Disputes (ICSID) 1966

4. objectivesobjectives
•Reconstruction and development
•Encouragement to capital investment
•Encouragement to international trade
•Establishment of peace time economy
•Environmental protection

5. Resources of world bank fundsResources of world bank funds
•2% of the subscription to be
paid in gold or US Dollars
•18% in members own
currency
•Remaining 80% subject to
call if and only when required
to meet the Banks obligation

6. Types of MemberTypes of Member
•Original member
•Ordinary member

7. Management of the world
bank
•Board of governors
–Admission of new member
–Termination of the membership
•Executive director
•President
•Advisory council
•Loan committees

8. Functions of World BankFunctions of World Bank
•To advance the loan
•Direct loan
•Guarantee loan
•Joint loan
•Special lending facility
•Structural adjustment facility(SAF)
•Special action program (SAP)
•Technical assistance
•Training

9. Success Success
•Efficiently Provide loan
•Proper assistance to under developed
countries
•Establishment of subsidiary
institution
•Training institution
–Economic development institution (EDI)

10. criticismscriticisms
•Discriminatory treatment
•Loans for agricultural development
only to underdeveloped countries
•Delay in execution
•Complex procedure

11. India and World BankIndia and World Bank
•Financial assistance
•Disaster assistance
•Technical aid and training
•Survey teams
•Help non government organization
–National leprosy elimination
–Basic education project
•Advantage from membership of associate
institution of the world bank

12. Criticism of world bank in Criticism of world bank in
IndiaIndia
•World bank is largely responsible for
the economic reform
•Give more importance to the
development of private sector
•It is argued that India dependence
on the world bank is increasing