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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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Presentation on theme: "The World Bank Group 3. The World Bank The World Bank Mark Oshida Alex Stefanciw Patrick Hobbs Nate Stums Ryan Kendrick Lindsey Forrest."— Presentation transcript:

1 The World Bank Group 3

2 The World Bank The World Bank Mark Oshida Alex Stefanciw Patrick Hobbs Nate Stums Ryan Kendrick Lindsey Forrest

3 Introduction on the World Bank In first world countries In first world countries Average income is $40,000 a year Average income is $40,000 a year In developing countries In developing countries 2.8 billion people earn only $700 a year 2.8 billion people earn only $700 a year Of these, 1.2 billion earn less than $1 a day Of these, 1.2 billion earn less than $1 a day 33,000 children die yearly 33,000 children die yearly Each minute more than one woman dies during childbirth Each minute more than one woman dies during childbirth

4 World Banks Dream If we act now with realism and foresight, if we show courage, if we think globally and allocate our resources accordingly, we can give our children a more peaceful and equitable world. One where suffering will be reduced. Where children everywhere will have a sense of hope. This is not just a dream. It is our responsibility. James D. Wolfensohn

5 Introduction on the World Bank What is the World Bank? What is the World Bank? The World Bank works to bridge the divide between rich and poor countries. It supports the efforts of developing country governments to The World Bank works to bridge the divide between rich and poor countries. It supports the efforts of developing country governments to build schools and health centers build schools and health centers provide water and electricity provide water and electricity fight disease fight disease protect the environment protect the environment

6 Introduction on the World Bank How is the Bank Organized? How is the Bank Organized? Divided into five closely associated institutions Divided into five closely associated institutions Run by shareholders from member countries (U.S. 16%, Japan 8%, Germany 4.5%) Run by shareholders from member countries (U.S. 16%, Japan 8%, Germany 4.5%) Directed by a President, a national of the largest shareholder (U.S.) Directed by a President, a national of the largest shareholder (U.S.) Employs 10,000 people including economists, educators, environmental scientists, financial analysts, and others from 160 countries Employs 10,000 people including economists, educators, environmental scientists, financial analysts, and others from 160 countries

7 http://web.worldbank.org/WBSITE/EXT ERNAL/EXTABOUTUS 5 Institutions of the World Bank The International Bank for Reconstruction and Development The International Bank for Reconstruction and Development IBRD aims to reduce poverty in middle- income and creditworthy poorer countries by promoting sustainable development, through loans, guarantees, and nonlending (including analytical and advisory) services. IBRD aims to reduce poverty in middle- income and creditworthy poorer countries by promoting sustainable development, through loans, guarantees, and nonlending (including analytical and advisory) services.

8 http://web.worldbank.org/WBSITE/EXT ERNAL/EXTABOUTUS 5 Institutions of the World Bank International Development Association International Development Association Contributions to IDA enable the World Bank to provide $7 billion per year in interest-free credits to the worlds 81 poorest countries, home to 2.5 billion people. Contributions to IDA enable the World Bank to provide $7 billion per year in interest-free credits to the worlds 81 poorest countries, home to 2.5 billion people. In most of these countries incomes average under just $500 a year per person, and many people survive on much less. In most of these countries incomes average under just $500 a year per person, and many people survive on much less.

9 http://web.worldbank.org/WBSITE/EXT ERNAL/EXTABOUTUS 5 Institutions of the World Bank The International Finance Corporation The International Finance Corporation IFCs mandate is to further economic development through the private sector. IFCs mandate is to further economic development through the private sector. Working with business partners, it invests in sustainable private enterprises in developing countries and provides long-term loans, guarantees, and risk management and advisory services to its clients. Working with business partners, it invests in sustainable private enterprises in developing countries and provides long-term loans, guarantees, and risk management and advisory services to its clients.

10 http://web.worldbank.org/WBSITE/EXT ERNAL/EXTABOUTUS 5 Institutions of the World Bank The Multilateral Investment Guarantee Agency The Multilateral Investment Guarantee Agency MIGA helps encourage foreign investment in developing countries by providing guarantees to foreign investors against losses caused by noncommercial risks, such as expropriation, currency inconvertibility and transfer restrictions, and war and civil disturbances. MIGA helps encourage foreign investment in developing countries by providing guarantees to foreign investors against losses caused by noncommercial risks, such as expropriation, currency inconvertibility and transfer restrictions, and war and civil disturbances.

11 http://web.worldbank.org/WBSITE/EXT ERNAL/EXTABOUTUS 5 Institutions of the World Bank The International Centre for Settlement of Investment Disputes The International Centre for Settlement of Investment Disputes ICSID helps to encourage foreign investment by providing international facilities for conciliation and arbitration of investment disputes, in this way helping to foster an atmosphere of mutual confidence between states and foreign investors. ICSID helps to encourage foreign investment by providing international facilities for conciliation and arbitration of investment disputes, in this way helping to foster an atmosphere of mutual confidence between states and foreign investors.

12 History Conceived during World War II (July, 1944) at Bretton Woods, New Hampshire. Conceived during World War II (July, 1944) at Bretton Woods, New Hampshire. Initially was called the International Bank for Reconstruction and Development (IBRD). Now is called the World Bank Group Initially was called the International Bank for Reconstruction and Development (IBRD). Now is called the World Bank Group

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14 1944 - Present 1944 Focus: Focus: Post-war reconstruction and development Post-war reconstruction and development Organization: Organization: A homogeneous staff of engineers and financial analysts, based solely in Washington, D.C. A homogeneous staff of engineers and financial analysts, based solely in Washington, D.C. Portfolio: Portfolio: Heavy infrastructure investment projects Heavy infrastructure investment projects Today Focus: Focus: World-wide poverty alleviation. World-wide poverty alleviation. Organization: Organization: A multidisciplinary and diverse staff including economists, public policy experts, sectoral experts, and social scientists; 40% internationally located. A multidisciplinary and diverse staff including economists, public policy experts, sectoral experts, and social scientists; 40% internationally located. Portfolio: Portfolio: Social sector lending projects, poverty alleviation, and the Comprehensive Development Framework. Social sector lending projects, poverty alleviation, and the Comprehensive Development Framework.

15 Current Events and Projects Extending Credit to the Rural Poor of Vietnam Extending Credit to the Rural Poor of Vietnam Reconstruction of Telecommunications in Afghanistan Reconstruction of Telecommunications in Afghanistan Educating girls in Bangladesh Educating girls in Bangladesh Providing Funds for the Reconstruction of Iraq Providing Funds for the Reconstruction of Iraq

16 Extending Credit to the Rural Poor of Vietnam Microfinance unlocks potential of poor farmers. Microfinance unlocks potential of poor farmers. Small loans (averaging $360) are given to farm households that help them expand their businesses. Small loans (averaging $360) are given to farm households that help them expand their businesses. Loan rates are much lower than those of money lenders. Loan rates are much lower than those of money lenders. Loans are provided by seven local banks, which makes participating banks stronger and stimulates local economy. Loans are provided by seven local banks, which makes participating banks stronger and stimulates local economy. Mobil banks provides banking to remote areas without banking branches, using specially equipped vehicles. Mobil banks provides banking to remote areas without banking branches, using specially equipped vehicles.

17 Reconstruction of Telecommunications in Afghanistan Afghanistan currently has only two telephones per 1,000 people Afghanistan currently has only two telephones per 1,000 people The World Bank has given a $22 million credit to aid in the improvement of the telecommunication system The World Bank has given a $22 million credit to aid in the improvement of the telecommunication system

18 Educating Girls Bangladesh Educational attainment of Bangladeshi women was among the lowest in the world (eighty percent were illiterate). Educational attainment of Bangladeshi women was among the lowest in the world (eighty percent were illiterate). Money given to families of female students and participating schools as incentive to enroll girls. Money given to families of female students and participating schools as incentive to enroll girls. Female enrollment has more than doubled to 1 million in 2001 from 462,000 in 1994. Female enrollment has more than doubled to 1 million in 2001 from 462,000 in 1994.

19 Providing Funds for the Reconstruction of Iraq Board of Executive Directors has met recently to discuss giving financial support totaling $4 billion Board of Executive Directors has met recently to discuss giving financial support totaling $4 billion $36 to $56 billion may be needed from the World Bank in order to reconstruct over 14 priority sectors in Iraq $36 to $56 billion may be needed from the World Bank in order to reconstruct over 14 priority sectors in Iraq Some sectors include: education, health, employment creation, and electricity Some sectors include: education, health, employment creation, and electricity

20 Project Cycle of Financial Aid Three Stages of the Project Cycle: Three Stages of the Project Cycle: Stage One: Pipeline Stage One: Pipeline Stage Two: Active Stage Two: Active Stage Three: Closed or Dropped Stage Three: Closed or Dropped

21 Stage One: Pipeline Identification: The Bank and borrowing country begin by analyzing development needs and strategies. The country then submits application papers to World Bank for consideration. Identification: The Bank and borrowing country begin by analyzing development needs and strategies. The country then submits application papers to World Bank for consideration. Preparation: The borrower must address the technical, economic, institutional, and financial issues facing the project. This phase generally lasts one to two years. Preparation: The borrower must address the technical, economic, institutional, and financial issues facing the project. This phase generally lasts one to two years. Appraisal: Bank staff then reviews the work done during the previous two steps, often spending three to four weeks in the client country, preparing the necessary loan documents. Appraisal: Bank staff then reviews the work done during the previous two steps, often spending three to four weeks in the client country, preparing the necessary loan documents. Negotiation and Approval: Loan documents are then submitted to the Banks Board of Executive Directors for approval. If the loan or credit is approved, it is signed and the project moves into the Active stage. Negotiation and Approval: Loan documents are then submitted to the Banks Board of Executive Directors for approval. If the loan or credit is approved, it is signed and the project moves into the Active stage.

22 Stage Two: Active Effectiveness: Once a loan is approved, it is submitted to the borrowing countrys government for approval or modification. Effectiveness: Once a loan is approved, it is submitted to the borrowing countrys government for approval or modification. Implementation and Supervision: With supervision from the Bank, the borrowing country evaluates bids to supply the necessary goods and services essential to the project. Implementation and Supervision: With supervision from the Bank, the borrowing country evaluates bids to supply the necessary goods and services essential to the project. This period lasts from one to ten years This period lasts from one to ten years

23 http://web.worldbank.org/WBSITE/EXT ERNAL/PROJECT Stage Three: Closed or Dropped Ex-Post Evaluation: Following completion of the project, the Banks Operations Evaluation Department conducts an audit to measure its outcome against its original objectives. Ex-Post Evaluation: Following completion of the project, the Banks Operations Evaluation Department conducts an audit to measure its outcome against its original objectives. Projects may be dropped at any point in the loan life cycle Projects may be dropped at any point in the loan life cycle

24 Fields of Work Human Resources Human Resources Finance Finance Economic Management Economic Management Public and Private Sector Development Public and Private Sector Development Environment Environment Global networks of leading experts in every field identify women and men whose experience, knowledge, and talents contribute to improving the quality of life in developing countries. Global networks of leading experts in every field identify women and men whose experience, knowledge, and talents contribute to improving the quality of life in developing countries.

25 Internship Program Eligibility Eligibility Undergraduate degree Undergraduate degree Enrolled in full-time graduate program Enrolled in full-time graduate program Highly Qualified Highly Qualified Students who are nationals of Banks member countries are often recruited Students who are nationals of Banks member countries are often recruited Hourly Salary Hourly Salary Responsible for living arrangements and travel Responsible for living arrangements and travel

26 Professional Staff Experts with strong academic training Experts with strong academic training Minimum of 5 years experience Minimum of 5 years experience Understanding of development issues Understanding of development issues International work experience International work experience Interpersonal and communication skills Interpersonal and communication skills

27 Mission Statement To fight poverty with passion and professionalism for lasting results. 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. To help people help themselves and their environment by providing resources, sharing knowledge, building capacity, and forging partnerships in the public and private sectors. To be an excellent institution able to attract, excite, and nurture diverse and committed staff with exceptional skills who know how to listen and learn. To be an excellent institution able to attract, excite, and nurture diverse and committed staff with exceptional skills who know how to listen and learn.


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