Transcript Slide 1
A global connector of
knowledge, learning and
innovation for poverty
reduction with a focus on
how to reform.
Created to help reduce
poverty and support
reconstruction of
developing countries
Headquarters based in
Washington, D.C.
1. International Back for Reconstruction
Development (IBRD)
2. International Development Association
(IDA)
3. International Finance Corporation
(IFC)
4. Multilateral Investment Guarantee
Agency (MIGA)
5. International Centre for Settlement of
Investment Disputes (ICSID)
Known as IBRD
Tends to governments of middle-income
and creditworthy low-income countries
188 member nations
Shortened to IDA
provides interest-free loans—called
credits—and grants to governments of the
poorest countries
172 members nations
Largest global development institution
focused exclusively on private sector
Help developing countries achieve
sustainable growth by financing
investment, mobilizing capital in
international financial markets, and
providing advisory services to businesses
and governments.
184 members nations
Created in 1988
Promotes foreign direct investment into
developing countries to support
economic growth, reduce poverty, and
improve people’s lives.
Fulfills this mandate by offering political
risk insurance to investors and lenders.
179 members nations
Provides facilities for conciliation and
arbitration of investment disputes
142 members
Provides area of support for
newly developing countries
by open knowledge (how
to reform), collaborative
governance (mobilize for
collaborative action),
innovative solutions
(overcome struggles in
development)
Provide technical and
financial support
Reducing poverty is still a
long-term goal to reach
A constitution, it is a compilation of
11 articles.
Agreement if from Internation Back
of Reconstruction Development
(IBRD) but accounts for World Bank
Institute as well
1. Help in reconstruction and
development of members
2. Promotes private foreign
investment and agreement in loans
3. Encourage long-reaching growth
of international trade like NAFTA but
internationally trade with
membership countries
4. Guaranteed to international loans
through useful projects, on large or
small scale, but most important issue
comes first
Expanded from one institute into a collaboration
of five development institutions
Created in 1944, 69 years old
Drastic increase in assistance of social media
and media in general
Focus changes from financial support to access
of world knowledge and transparency of
government and accountability
Total of 188 members
Islamic Republic of Iran: December 29,
1945
Mexico: December 31, 1945
Nigeria: March 30, 1961
United Kingdom: December 27, 1945
Russia: not in the World Bank
China: December 27, 1945
Also collaborates with the United Nations in
areas such as fragile states, climate
change, and human development.
First President was Eugene Meyer
Current President: Jim Yong Kim (12th
president)
Elected by Board of Governors with a 5
year, renewable term
Board of Governors: ultimate
policymakers, ministers of finance
25 Executive Directors: work on-site,
meet twice a week to oversee the
Bank’s business (approval of loans, new
policies etc)
Encourages co-financing
Improves private sector
Participation on tariffs
Access to capital markets for private sector
Lower cost of financing
Improve project sustainability
Reduce risk of private transaction in emerging
countries
accused of not
involving
communities in
decision-making
assumes that
benefits will help
the poor rather
than the rich and
powerful
accused of paying
little attention to
rural poverty
Iran: Northern Cities Water Supply and
Sanitation Project
China: Hunan Forest Restoration and
Development Project
Mexico: Sustainable Rural
Development Additional Financing
Russia: Microfinance Development
Project
Nigeria: NG-Polio Eradication Support
United Kingdom: Shareholder of World
Bank. The Department of External
Affairs of the World Bank manages
day-to-day relations with British
Constituencies, including
government, parliamentarians,
private sector, civil society,
academics, and media.
"Resources." News & Broadcast. The World Bank Group,
2013. Web. 20 Mar. 2013.
Vidal, John. "World Bank Spending on Forests Fails to Curb
Poverty, Auditors Claim." The Guardian. Guardian News
and Media, 29 Jan. 2013. Web. 20 Mar. 2013.
"Bad Samaritans." Multinational Monitor. Corporate
Accountability Research, Oct. 2008. Web. 20 Mar. 2013.
"Site Tools." About Us. The World Bank Group, n.d. Web. 20
Mar. 2013.
<http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS
/0,,contentMDK:20046292~menuPK:1696892~pagePK:5112
3644~piPK:329829~theSitePK:29708,00.html>.
"Microfinance Development Project." The World Bank. The
World Bank Group, n.d. Web. 21 Mar. 2013.
<http://www.worldbank.org/projects/P095554/microfinanc
e-development-project?lang=en>.
"United Kingdom and the World Bank." The World Bank. The World
Bank Group, n.d. Web. 20 Mar. 2013.
<http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/WBEUROP
EEXTN/UKEXT/0,,contentMDK:22912565~menuPK:8126710~pagePK:14
1137~piPK:141127~theSitePK:8120290,00.html>.
"Projects & Operations." The World Bank. The World Bank Group, n.d.
Web. 21 Mar. 2013. <http://www.worldbank.org/projects/P076884/irnorthern-cities-water-supply-sanitation-project?lang=en>.
"Hunan Forest Restoration and Development Project." The World
Bank. The World Bank Group, n.d. Web. 21 Mar. 2013.
<http://www.worldbank.org/projects/P125021/hunan-forestrestoration-development-project?lang=en>.
“Sustainable Rural Development.“ The World Bank. The World Bank
Group, n.d. Web. 21 Mar. 2013.
<http://www.worldbank.org/projects/P130623/sustainable-ruraldevelopment-additional-financing?lang=en>.
"NG-Polio Eradication Support (FY13)." The World Bank. The World
Bank Group, n.d. Web. 21 Mar. 2013.
<http://www.worldbank.org/projects/P130865/ng-polio-eradicationsupport-fy13?lang=en>.