LECTURER: Hasan Fehmi Baklacı

ITF 212

Tolga Deniz

Pelin Kanur

Semih Özmen

Geoffrey Muliez

Mehmet Tolga Akansel

WORLD BANK

Founded in 1944,at Bretton Woods, New Hampshire

There are 44 units a founding member of the establishment

HİSTORY

was established with the IMFCentral : WashingtonThe first president : Eugene Meyer

First loan to France in 1947 of $250 million1979 - Lending for the fiscal year crosses the $10

billion mark for the first time

The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development programs with the stated goal of reducing proverty .

WHAT İS THE WORLD BANK ?

At the present day ; there are 188 members.Now ; Chairman is JİM YONG KİM.In 1947, Turkey joined theStaff: Approximately 7,000 employees in

Washington,DC and over 3,000 in offices around the

world

The term "World Bank" refers only to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The term "World Bank Group" incorporates five closely associated entities that work collaboratively toward poverty reduction the World Bank (IBRD and IDA)

WORLD BANK AND WORLD BANK GROUP

CONSISTS OF FIVE ORGANIZATIONS

The International Bank for

Reconstruction and Development

(IBRD)

The International Development

Association (IDA)

WORLD BANK GROUP

The International Finance Corporation

(IFC)

• The Multilateral Investment Guarantee

Agency (MIGA)

The International Centre for the

Settlement of Investment Disputes

(ICSID).

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.

WORLD BANK MİSSİON:

Helps to develop the world's resourcesMake an invesment Supports foreign investment and private

invesment

OBJECTİVES OF WORLD BANK

Provides capital to less developed countriesProvides the stability of money in the

members countriesProvides international credit

Goal 1: End extreme poverty and hunger.

Goal 2: Achieve universal primary education

Goal 3: Empower women and promote equality

between women and men

THE MİLLENNİUM DEVELOPMENT GOALS

Goal 4: Improve health of pregnant women and

mothers;

Goal 5: Reduce child death rates

Goal 6: Ensure environmental sustainability

Goal 7: Create a global partnership for

development,with targets for aid, trade and debt

relief.

Goal 8: Tackle HIV/AIDS, Malaria, and other

diseases

Agriculture and Rural DevelopmentEconomic policyEducationEnergy

AREA OF OPERATİON

EnvironmentFinancial sectorHealth, nutrition and population industryInformation, computing and

telecommunication

Law and justicePrivate sectorSocial protection

TradeWater resourcesWater supply and sanitation

• They run like a cooperative, with their member countries as

share holders. The no. of shares a country has is based on

the size of the economy.

• Largest Share holder: United State (16.41% of votes)

The effects of the members

• Followed by: Japan (7.87% ),

Germany (4.49%),

The United Kingdom (4.31%) &

France (4.31%) .

The rest of the shares are divided among the other member

countries

The World Bank and the IMF were both created in 1944 at a conference of world leaders in Bretton Woods, New Hampshire, with the aim of placing the International economy on a sound footing after World War II

IMF AND WORLD BANK

The World Bank lends only to developing or transition economies, whereas all member countries, rich or poor, can draw on the IMF’s services and resources.

DİFFERENCE BETWEEN IMF AND WORLD BANK

The IMF’s loans address short-term economic problems: they provide general support for a country’s 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 Bank’s focus extends further into the particular sectors of a country’s economy and its work includes specific development projects as well as broader policy issues.

THANK YOU FOR YOUR LISTENING