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International Business Environment
Mariya.Nathalie.Vanhaltren
II M.B.A09PBA127
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WORLD BANK
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Agenda
History of world bank.
Functions of world bank.
Millennium development goals.
Five institutions of world bank.
Operations need and fund generation of world bank.
Support to India.
Priorities .
Criticisms.
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World Bank
President :- Robert B.Zoollick
Established :-July 1,1944
Membership :- 185 countries Affiliates :- IFC,MIGA,ICSID.
Headquarters :- Washington ,DC and more than 100
country staff and about10000 all over the world.
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ROBERT B.ZOOLICK
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History
The world bank is one of the two Bretton Woods
institutions which were created in 1944 to rebuild a
wartorn Europe after World War II. Later largely dueto the contributions of the Marshall Plan , the World
Bank was forced to find a new area in which to focus
its efforts.
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World Bank Group
The world bank is one of the worlds largest sourcesof
funding for developing the world.
Its primary focus is on helping the poorest people and
the poorest countries.
It uses its financial resources, its staffs, and extensive
experience to help developing countries, reducepoverty increase economic growth and improve their
quality of life.
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BUILDING OF
WORLD BANK
The world bank is an
internationally supported bank
that provides financial and
technical assistance todeveloping countries for
development programs (e.g.
bridges, roads, schools)with the
stated goal of reducing poverty.
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MILLENNIUMMILLENNIUM
DEVELOPMENTGOALSDEVELOPMENTGOALS
Goal1: End extreme poverty and hunger.Goal2: Achieve universal primary education.
Goal3: Empower women and promote equality
between men and women.
Goal4: Improve health of pregnant women andmothers.
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Conti
Goal5: Reduce child death rates.
Goal6: Ensure environmental sustainability.
Goal7: Tackle HIV/AIDS, Malaria and otherdiseases.
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INSIDE THE WORLD BANK
The world bank was conceived in 1944 to finance post
war reconstruction of Europe.
Today it includes five institutions: IBRD
IDA
IFC MIGA
ICSID
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Conti.
IBRD: International Bank for Reconstruction andDevelopment lends to countries with good credit ,fundingitself by raising cash in credit markets.
IDA : International Development Association lends $6billion or more a year to poorest countries, half in Africain interest free loans with replacement period of 40 years.
IF
C :International Finance Corp its a private sector
arm owned by the banks 179 member countries, makesmarket rate loans and equity investments in high riskcountries.
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Conti..
MIGA : Multilateral Investment GuaranteeAgency it works with other bank units to develop
foreign direct investment in high risk countries.
ICSID: International Centre for the Settlement ofInvestment Disputes it is an autonomous unit to settle
disputes between government, and private sectors.
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NEEDOFWORLD BANK
NEED OFWORLD
BANK
BUILD
CAPACITY
CREATEINFRASTRUCT
URE
DEVELOPFINANCIAL
SYSTEM
COMBATCORRUPTION
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CONTRIBUTION
POVERTYREDUCTIONSTRATEGIES
COMPREHENSIVEDEVELOPMENTFRAMEWORK
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OPERATIONS
Fund generation
Loans
Analytic & Advisory Services
Capacity building
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IBRD lending to developing countries is financed by
selling AAA-rated bonds.
IDA is the worlds largest source of interest free loansand grant assistance to the poorest countries.
FUND GENERATION
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Relieve the debt burden of heavily indebted poor
countries
Improve sanitation and water supplies
Support vaccination and immunization programs to
reduce the incidence of communicable diseases like
malaria
Combat the HIV/AIDS pandemic Support civil society organizations
Create initiatives to cut the emission of greenhouse
effect
GRANTS
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Agriculture and Rural
Development
Economic policy
Education
Energy
Environment
Financial sector
Health, nutrition and
population industry
Information, computing
and telecommunication
Law and justice
Private sector
Social protection
Trade
Water resources Water supply and
sanitation
AREAOFOPERATION
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World bank provides the largest external funds for
education.
It is a big support in reducing poverty.
It provides fund for biodiversity projects.
it helps to bring clean water, electricity, and transport
to poor people. It helps in controlling emerging conflicts.
5 PRIORITIES OF WORLD
BANK
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WHERE DOESTHE
MONEYGO
IBRDLOANS GAURANTEES
IDA CREDIT INVESTMENTS
TRUSTFUND GRANTS
PROJECTFINANCE
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It was started to reduce poverty but it support United
States business interests.
It is deeply implicated in contemporary modes of
donor and NGO driven imperialism.
The President of the Bank is always a citizen of the
United States.
CRITICISM
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Lack transparency to external publics.
It is an instrument for the promotion of U.S. or
Western interests. The decision-making structure is undemocratic.
It has consistently pushed a neo-liberal agenda.
Conti
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References
International Business by Francis Cherunilam, pgs
288 to
Wikipedia.com
www.google.com