The World Bank Group 3. The World Bank The World Bank Mark Oshida Alex Stefanciw Patrick Hobbs Nate Stums Ryan Kendrick Lindsey Forrest

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are needed to see this picture.The World BankThe World Bank

Group 3Group 3

The World BankThe World BankMark OshidaMark Oshida

Alex StefanciwAlex Stefanciw

Patrick HobbsPatrick Hobbs

Nate StumsNate Stums

Ryan KendrickRyan Kendrick

Lindsey ForrestLindsey Forrest

Introduction on the Introduction on the World BankWorld Bank

In first world countriesIn first world countries Average income is $40,000 a yearAverage income is $40,000 a year

In developing countriesIn developing countries 2.8 billion people earn only $700 a year2.8 billion people earn only $700 a year Of these, 1.2 billion earn less than $1 a Of these, 1.2 billion earn less than $1 a

dayday 33,000 children die yearly33,000 children die yearly Each minute more than one woman dies Each minute more than one woman dies

during childbirthduring childbirth

World Bank’s DreamWorld Bank’s Dream

If we act now with realism and foresight, If we act now with realism and foresight, if we show courage,if we show courage,

if we think globally andif we think globally andallocate our resources accordingly,allocate our resources accordingly,

we can give our children awe can give our children amore peaceful and equitable world.more peaceful and equitable world.

One where suffering will be reduced.One where suffering will be reduced.Where children everywhereWhere children everywherewill have a sense of hope.will have a sense of hope.This is not just a dream.This is not just a dream.It is our responsibility.It is our responsibility.

James D. WolfensohnJames D. Wolfensohn

Introduction on theIntroduction on theWorld BankWorld Bank

What is the World Bank?What is the World Bank?

The World Bank works to bridge the The World Bank works to bridge the divide between rich and poor countries. It divide between rich and poor countries. It supports the efforts of developing country supports the efforts of developing country governments togovernments to build schools and health centersbuild schools and health centers provide water and electricityprovide water and electricity fight diseasefight disease protect the environmentprotect the environment

Introduction on theIntroduction on theWorld BankWorld Bank

How is the Bank Organized?How is the Bank Organized?

Divided into five closely associated institutionsDivided into five closely associated institutions Run by shareholders from member countries Run by shareholders from member countries

(U.S. 16%, Japan 8%, Germany 4.5%)(U.S. 16%, Japan 8%, Germany 4.5%) Directed by a President, a national of the Directed by a President, a national of the

largest shareholder (U.S.)largest shareholder (U.S.) Employs 10,000 people including economists, Employs 10,000 people including economists,

educators, environmental scientists, financial educators, environmental scientists, financial analysts, and others from 160 countriesanalysts, and others from 160 countries

http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS

5 Institutions of the World 5 Institutions of the World BankBank

The International Bank for The International Bank for Reconstruction and Development Reconstruction and Development

IBRD aims to reduce poverty in middle-IBRD aims to reduce poverty in middle-income and creditworthy poorer income and creditworthy poorer countries by promoting sustainable countries by promoting sustainable development, through loans, development, through loans, guarantees, and nonlending (including guarantees, and nonlending (including analytical and advisory) services.analytical and advisory) services.



International Development AssociationInternational Development Association

Contributions to IDA enable the World Bank Contributions to IDA enable the World Bank to provide $7 billion per year in interest-to provide $7 billion per year in interest-free credits to the world’s 81 poorest free credits to the world’s 81 poorest countries, home to 2.5 billion people.countries, home to 2.5 billion people.

In most of these countries incomes average In most of these countries incomes average under just $500 a year per person, and under just $500 a year per person, and many people survive on much less. many people survive on much less.



The International Finance CorporationThe International Finance Corporation

IFC’s mandate is to further economic IFC’s mandate is to further economic development through the private sector.development through the private sector.

Working with business partners, it invests Working with business partners, it invests in sustainable private enterprises in in sustainable private enterprises in developing countries and provides long-developing countries and provides long-term loans, guarantees, and risk term loans, guarantees, and risk management and advisory services to its management and advisory services to its clients. clients.



The Multilateral Investment The Multilateral Investment Guarantee AgencyGuarantee Agency

MIGA helps encourage foreign MIGA helps encourage foreign investment in developing countries by investment in developing countries by providing guarantees to foreign investors providing guarantees to foreign investors against losses caused by noncommercial against losses caused by noncommercial risks, such as expropriation, currency risks, such as expropriation, currency inconvertibility and transfer restrictions, inconvertibility and transfer restrictions, and war and civil disturbances.and war and civil disturbances.



The International Centre for The International Centre for Settlement of Investment DisputesSettlement of Investment Disputes

ICSID helps to encourage foreign ICSID helps to encourage foreign investment by providing international investment by providing international facilities for conciliation and arbitration facilities for conciliation and arbitration of investment disputes, in this way of investment disputes, in this way helping to foster an atmosphere of helping to foster an atmosphere of mutual confidence between states and mutual confidence between states and foreign investorsforeign investors..

HistoryHistory

Conceived during World War II (July, Conceived during World War II (July, 1944) at Bretton Woods, New Hampshire.1944) at Bretton Woods, New Hampshire.

Initially was called the International Bank Initially was called the International Bank for Reconstruction and Development for Reconstruction and Development (IBRD). Now is called the “World Bank (IBRD). Now is called the “World Bank Group”Group”

1944 - Present1944 - Present19441944

Focus:Focus: Post-war reconstruction Post-war reconstruction

and developmentand development

Organization:Organization: A homogeneous staff of A homogeneous staff of

engineers and financial engineers and financial analysts, based solely in analysts, based solely in Washington, D.C.Washington, D.C.

Portfolio:Portfolio: Heavy infrastructure Heavy infrastructure

investment projectsinvestment projects

TodayToday Focus:Focus:

World-wide poverty alleviation. World-wide poverty alleviation.

Organization:Organization: A multidisciplinary and diverse A multidisciplinary and diverse

staff including economists, staff including economists, public policy experts, sectoral public policy experts, sectoral experts, and social scientists; experts, and social scientists; 40% internationally located. 40% internationally located.

Portfolio:Portfolio: Social sector lending projects, Social sector lending projects,

poverty alleviation, and the poverty alleviation, and the Comprehensive Development Comprehensive Development Framework. Framework.

Current Events and Current Events and ProjectsProjects

Extending Credit to the Rural Poor Extending Credit to the Rural Poor of Vietnamof Vietnam

Reconstruction of Reconstruction of Telecommunications in AfghanistanTelecommunications in Afghanistan

Educating girls in BangladeshEducating girls in Bangladesh Providing Funds for the Providing Funds for the

Reconstruction of IraqReconstruction of Iraq

Extending Credit to the Extending Credit to the Rural Poor of VietnamRural Poor of Vietnam

Microfinance unlocks potential of Microfinance unlocks potential of poor farmers.poor farmers.

Small loans (averaging $360) are Small loans (averaging $360) are given to farm households that help given to farm households that help them expand their businesses.them expand their businesses.

Loan rates are much lower than those Loan rates are much lower than those of money lenders.of money lenders.

Loans are provided by seven local Loans are provided by seven local banks, which makes participating banks, which makes participating banks stronger and stimulates local banks stronger and stimulates local economy.economy.

Mobil banks provides banking to Mobil banks provides banking to remote areas without banking remote areas without banking branches, using specially equipped branches, using specially equipped vehicles.vehicles.

Reconstruction of Reconstruction of Telecommunications in Telecommunications in

AfghanistanAfghanistan

Afghanistan currently has only Afghanistan currently has only two telephones per 1,000 two telephones per 1,000 peoplepeople

The World Bank has given a The World Bank has given a $22 million credit to aid in the $22 million credit to aid in the improvement of the improvement of the telecommunication systemtelecommunication system

Educating Girls Educating Girls BangladeshBangladesh

Educational attainment of Educational attainment of Bangladeshi women was among the Bangladeshi women was among the lowest in the world (eighty percent lowest in the world (eighty percent were illiterate).were illiterate).

Money given to families of female Money given to families of female students and participating schools students and participating schools as incentive to enroll girls.as incentive to enroll girls.

Female enrollment has more than Female enrollment has more than doubled to 1 million in 2001 from doubled to 1 million in 2001 from 462,000 in 1994.462,000 in 1994.

Providing Funds for the Providing Funds for the Reconstruction of IraqReconstruction of Iraq

Board of Executive Directors has Board of Executive Directors has met recently to discuss giving met recently to discuss giving financial support totaling $4 financial support totaling $4 billion billion

$36 to $56 billion may be $36 to $56 billion may be needed from the World Bank in needed from the World Bank in order to reconstruct over 14 order to reconstruct over 14 priority sectors in Iraqpriority sectors in Iraq

Some sectors include: Some sectors include: education, health, employment education, health, employment creation, and electricitycreation, and electricity

Project Cycle of Financial Project Cycle of Financial AidAid

Three Stages of the Project Three Stages of the Project Cycle:Cycle:

Stage One: PipelineStage One: Pipeline

Stage Two: ActiveStage Two: Active

Stage Three: Closed or DroppedStage Three: Closed or Dropped

Stage One: PipelineStage One: Pipeline Identification: The Bank and borrowing country begin by Identification: The Bank and borrowing country begin by

analyzing development needs and strategies. The country analyzing development needs and strategies. The country then submits “application papers” to World Bank for then submits “application papers” to World Bank for consideration.consideration.

Preparation: The borrower must address the technical, Preparation: The borrower must address the technical, economic, institutional, and financial issues facing the economic, institutional, and financial issues facing the project. This phase generally lasts one to two years.project. This phase generally lasts one to two years.

Appraisal: Bank staff then reviews the work done during the Appraisal: Bank staff then reviews the work done during the previous two steps, often spending three to four weeks in previous two steps, often spending three to four weeks in the client country, preparing the necessary loan documents. the client country, preparing the necessary loan documents.

Negotiation and Approval: Loan documents are then Negotiation and Approval: Loan documents are then submitted to the Bank’s Board of Executive Directors for submitted to the Bank’s Board of Executive Directors for approval. If the loan or credit is approved, it is signed and approval. If the loan or credit is approved, it is signed and the project moves into the “Active” stage.the project moves into the “Active” stage.

Stage Two: ActiveStage Two: Active Effectiveness: Once a loan Effectiveness: Once a loan

is approved, it is submitted is approved, it is submitted to the borrowing country’s to the borrowing country’s government for approval or government for approval or modification.modification.

Implementation and Implementation and Supervision: With Supervision: With supervision from the Bank, supervision from the Bank, the borrowing country the borrowing country evaluates bids to supply the evaluates bids to supply the necessary goods and necessary goods and services essential to the services essential to the project. project. This period lasts from one to This period lasts from one to

ten yearsten years

http://web.worldbank.org/WBSITE/EXTERNAL/PROJECT

Stage Three: Closed or Stage Three: Closed or DroppedDropped

Ex-Post Evaluation: Ex-Post Evaluation: Following completion Following completion of the project, the of the project, the Bank’s Operations Bank’s Operations Evaluation Evaluation Department conducts Department conducts an audit to measure an audit to measure its outcome against its its outcome against its original objectives.original objectives.

Projects may be Projects may be dropped at any point dropped at any point in the loan life cyclein the loan life cycle

Fields of WorkFields of Work

Human ResourcesHuman Resources FinanceFinance Economic ManagementEconomic Management Public and Private Sector DevelopmentPublic and Private Sector Development EnvironmentEnvironment

““Global networks of leading experts in every Global networks of leading experts in every field identify women and men whose field identify women and men whose experience, knowledge, and talents contribute experience, knowledge, and talents contribute to improving the quality of life in developing to improving the quality of life in developing countries.”countries.”

Internship ProgramInternship Program

EligibilityEligibility Undergraduate degreeUndergraduate degree Enrolled in full-time graduate programEnrolled in full-time graduate program Highly QualifiedHighly Qualified Students who are nationals of Bank’s Students who are nationals of Bank’s

member countries are often recruitedmember countries are often recruited Hourly SalaryHourly Salary Responsible for living arrangements Responsible for living arrangements

and traveland travel

Professional StaffProfessional Staff

Experts with strong academic Experts with strong academic trainingtraining

Minimum of 5 years experienceMinimum of 5 years experience Understanding of development Understanding of development

issuesissues International work experienceInternational work experience Interpersonal and communication Interpersonal and communication

skillsskills

Mission StatementMission Statement To fight poverty with passion and To fight poverty with passion and

professionalism for lasting results.professionalism for lasting results. To help people help themselves and their To help people help themselves and their

environment by providing resources, environment by providing resources, sharing knowledge, building capacity, and sharing knowledge, building capacity, and forging partnerships in the public and forging partnerships in the public and private sectors.private sectors.

To be an excellent institution able to To be an excellent institution able to attract, excite, and nurture diverse and attract, excite, and nurture diverse and committed staff with exceptional skills committed staff with exceptional skills who know how to listen and learn.who know how to listen and learn.

Documents

The World Bank Group 3. The World Bank The World Bank Mark Oshida Alex Stefanciw Patrick Hobbs Nate Stums Ryan Kendrick Lindsey Forrest