1. World Bank
Presentation by:
Chetan Nana Nagare
Department of Management Studies,
North Maharashtra University Jalgaon
MBA – II (Finance)
Roll No. 28
2. World Bank
Formation: 27 December 1945
Type: International organization
Purpose/ focus: Crediting
Membership: 186 countries
President: Robert B. Zoellick
Parent Organization: World Bank Group
Website: http://www.worldbank.org
3. The World Bank is an international financial institution
that provides leveraged loans to poorer countries for
capital programs, tied to neoliberal market
restructurings.
The World Bank has a stated goal of reducing poverty.
The World Bank (WB) is a global connector of
knowledge, learning and innovation for poverty
reduction.
WB connect practitioners and institutions to help them
find suitable solutions to their development
challenges.
With a focus on the "how" of reform, we link
knowledge from around the world and scale up
innovations.
4. Vision
" The World Bank Group aims to fight poverty with passion
and professionalism for lasting results - to help people help
themselves and their environments by producing resources,
sharing knowledge, building capacity, and forging
partnerships in the publican private sector"
— World Bank Mission Statement
5. OBJECTIVES
Investing in people, particularly through basic health and
education.
Focusing on social development, inclusion governance, and
institution-building as key elements of poverty reduction.
Strengthening the ability of the governments to deliver quality
services, efficiently and transparently.
Protecting the environment.
Supporting and encouraging private business development.
Promoting reforms to create a stable macroeconomic
environment, conducive to investment and long-term planning.
6. MEMBERSHIP
Generally every member country of the IMF automatically becomes the member of World
Bank. Similarly, any country quitting IMF is automatically expelled from the World Bank’s
membership.
But, under a certain provision a country leaving the membership of IMF can continue its
membership with World Bank if 75% members of the Bank give their vote in its favour.
Any member country can quit the Bank simply by written notice to the Bank, but such
country has to repay the granted loans on terms and conditions decided at the time of
sanctioning the loan.
Any country working against the guidelines of Bank can be debarred from membership by
the Board of Governors.
World Bank has two types of members: Founder members and General members.
World Bank has 30 founder members. India is also one of the founding members.
At present total membership is 186.
7. VOTING RIGHT
Voting right of members is determined on the
basis of their share in the total capital of the
Bank.
Each member has 250 votes plus one additional
vote for each 1,00,000 shares of the capital stock
held.
8. CAPITAL RESOURCES
The initial authorized capital of the WB was
$ 10,000 million, divided in 1 lakh shares of
$ 1 lakh each.
On June 30, 1996, the authorized capital of
the Bank was $ 188 billion out of which $
180.6 billion was issued to the member
countries in the form of shares.
The headquarter of World Bank is at
Washington D.C.
9. FUNCTIONS
Main role is of providing loans for development
works to member countries, especially to
under-developed countries.
The Bank provides long-term loans for various
development projects of 5 to 20 years duration.
Besides, granting loans for reconstruction and
development, Bank also provides various
technical services to the member countries.
