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History of the World Bank

Matt Brown

on 15 February 2011

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Transcript of Economics

The WORLD BANK History What is it? The World Bank is an international financial institution that provides loans to developing countries for capital programmes Goal Reduce Poverty The Law By law, all of its decisions must be guided by a commitment to promote foreign investment, international trade and facilitate capital investment.
Opened up The World Bank comprises only two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA),

Explain . . . the International Bank for Reconstruction and Development The IBRD is an international organization whose original mission was to finance the reconstruction of nations devastated by World War II. Now, its mission has expanded to fight poverty by means of financing states. International Development Association The International Development Association (IDA) helps the world’s poorest countries. It complements the World Bank's other lending arm the International Bank for Reconstruction and Development (IBRD) which serves middle-income countries with capital investment and advisory services. Please . . . Aims

To fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment. Their mission? Functions Their Mission? The main function of the World Bank Group is the provision of low interest loans,
credit that is interest free as well as aids to the least developed countries for the
development in the field of education ,health and infrastructure. Help People help themselves Provide Resources, Share Knowledge An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. Today, the Bank functions as an international organization that attempts to : Fight poverty by offering developmental assistance to middle and poor-income countries Give loans Offering advice and training in both the private and public sectors Eliminate poverty by helping people help themselves
Goal:to increase the number of Malian children completing a basic education and to improve the utilization of resources used in the education sector.
The goal of this plan will be to help the youth of today become more educated as they have to face the working world in a matter of a few years. The program will help to decrease the unemployment rate over time.
Amount of money needed: $40,000,000.00
The money that we are asking for, will go towards building more schools for the children, paying the teaching staff and to the cost of supplies necessary for the children to use in classrooms. Education Sector Plan of 2011:
to increase the number of Malian children completing a basic education and to improve the utilization of resources used in the education sector.
The goal of this plan will be to help the youth of today become more educated as they have to face the working world in a matter of a few years. The program will help to decrease the unemployment rate over time. Which they gain from Bonds An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. We need the G8 and other developed countries to translate their words from summit declarations into serious numbers
Robert Zoellick, World Bank president "middle-income" countries with fast-growing economies such as India, China and Brazil should not be neglected since they accounted for 70% of the world's poorest people include improving access to HIV and malaria drugs in Africa and taking a stronger stance on trade and environmental issues Ours Goals: overdependency on a small number of resources (rice, rubber, tin, teak) Steady growth 2000-2008
Global financial crisis caused economic contraction of
almost 3%
Government trying to revive, but cannot with instability
and protesting
Antigovernment protesters are the main issue
Instability lead to loss of tourism natural resources: tin, rubber, natural gas, tungsten, tantalum, timber,
lead, fish, lignite, fluorite, and arable land (27.54% of Thailand is arable land) Bordered by:
Andaman Sea
Gulf of Thailand
Burma (nw)
Laos (e)
Cambodia (se)
Malaysia (s) literacy rate: 92.6% Public debt: 45.9% of GDP GDP per capita: $8,100 GDP: $269.6 billion population growth rate: 6.26% life expectancy: 73.1 years literacy rate: 92.6% school life expectancy: 14 years agricultural products: rice, cassava (tapioca). rubber, corn, sugarcane,
coconuts, and soybeans population: 66,408,688 The Facts The Problems why Thailand? The project supported the set up of a reading area for 25% of classrooms, the transfer of grants to all schools of basic education, training to certify 3,000 teachers and recruit 1,800 new teachers, along with equipping teachers with libraries. Tried to introduce vocational training through apprenticeship. GDP at 2009 Prices Adult Literacy rate:

46.4% Bangladesh a nation in need of food independence Gained independence 1971 from Pakistan
Population of 150 million, 7th in the world
GDP per capita of $1,241, 155th in the world
Unemployment rate of 2.5%
Economic growth rate of 5.6%, 18th in the world
146th in the Human Development Index
Revenue of 3 billion annually through exports
Arable land of 55.4%
Agricultural based jobs dominate 40% of workforce, 75% of that is rice production.

55,599 square miles , 93rd in the world
has natural ports and access to global trading
55.4% arable land Problems Bangladesh Faces
30% of the land floods yearly 48% of Bangladeshi children are underweight

OVERPOPULATION Inadequet Public Health and Infrastructure Low GDP ( $ 1,241 per capita ) Dependent on exports, including highly inflated food and billions of barrels of oil

Old and insufficient farming methods Land and inheritance disputes Rice productions do not meet the population's demand Therefore highly priced inflated food must be imported Though, many of the people in Bangladesh cannot afford the prices The people are not fed, unhealthy, unable to work and live at their full
potential...keeping Bangladesh from becoming the country it could be. Bangladesh has to spend money on importing expensive food instead
on developing their country, modernizing technology and improving
the standard of living. So, by solving the problem of starvation nothing would be holding Bangladesh back from developing. The solution is .... ...for Bangladesh to be able to support
their populations food demands To increase food/rice production: Educate farmers about flood protection and crop rotation. Modernize the traditional methods of farming to increase
productivity; supplying the population with advanced tools and
machinery Establish flood relief and reform laws to end land disputes Food production will meet demand, lessening their dependency on imported
food, in all improving the country financially, economically and making it
more independent. The Potential very welcoming to tourists
a "magnet for jet-setters and backpackers alike"
people are drawn in by the image of a gentile land where the people are always smiling
now with protests and conflict, tourists don't visit Thailand as they don't feel safe. Tourism The Goal Hold New Election Take care of
protestors' issues majorly decrease conflict
and danger in the country more tourism more money economic growth advance Tailand What is needed? Tailand needs $80 million to hold the new
general election; covers cost of security, poll
systems etc.. PROJECT NAME
JSDF Grant - TH Community Youth Helmet Use Program
BMA Urban Transformation Project
EGAT And PEA Advancing Clean Energy Investment - CTF
Additional Financing - Highways Management Project
Piloting Community Approaches in Conflict Situation in Three Southernmost Provinces in Thailand
Thailand: Bioenergy Sugar Ethanol Wastewater Management Project
Thailand Sapthip Biogas Project
Port Project
Electricity Energy Project
ODS Phase Out Engineering
Railway Project
Railway Project (02)
Irrigation Project
Port Project
Yanhee Multipurpose Project
Rubber Replanting Project
Telecommunications Project (02)
Education Project (04)
Chao Phya Irrigation Project (02)
National Agricultural Extension Project
Industrial Finance Corp. of Thailand Project (03) - IFCT Project (03)
Minburi - Lat Krabang Industrial Estates Project
Railway Project (03)
Population Project
Pattani Multipurpose Project
Petchburi Irrigation Project (02)
Chao Phya Irrigation Project (03)
Accelerated Rural Electrification Project (01)
Yanhee Power Project (02)
Highway Project
Industrial Finance Corp. of Thailand (IFCT) Project
Me Klong Irrigation Project (04)
Yanhee Power Project (03)
Highway Project (02)
Education Project
Yanhee Power Project (04)
Phasom Dam Project
Highway Project (03)
Chao Phya Irrigation Project
Telecommunications Project
Highway Project (04)
Electricity Generating Authority of Thailand (EGAT) Power Project
Port Project (03)
Education Project (03)
Highway Project (05)
Education Project (02)
Electricity Generating Authority of Thailand - EGAT - Power Project (02)
Railway Project (04)
Northeast Irrigation Improvement Project
Industrial Finance Corp. of Thailand Project (02) - IFCT Project (02)
Ban Chao Nen Hydroelectric Project
Bangkok Water Supply And Sewerage Project
Northeast Rural Development Project (01) - NERD Project (01)
Phitsanulok Irrigation Project
Livestock Project
Secondary Education Quality Improvement Project
Highway Sector Project (03)
Technical Education Project
Highway Sector Loan Project
Tax Computerization Project
Railway Efficiency Improvement Project
Gas Transmission Project (02)
Land Titling Project (02)
Lam Takhong Pump Storage Project
Highway Sector Loan Project (02)
Highway Sector Project (05)
Highway Sector Project (04)
Distribution System Reinforcement Project
Power System Development Project (02)
Clean Fuels and Environmental Improvement Project
Land Titling Project (03)
Universities Science and Engineering Education Project
Thailand Metropolitan Distribution Reinforcement
Thailand Public Sector Reform
Corporate Restructuring Technical Assistance Project
Enterprise and Financial Sector Adjustment Loan Project (03)
Strategy and Implementation for a Competitive Financial Sector in Thailand
Thailand Civil Society and Small Grants Program
Public Sector Development Policy
TH-Community Approaches in S Thailand
Thailand Small Scale Livestock Waste Management Program
North Irrigation Improvement Project (02)
Telecommunications Project (03)
Provincial Roads Project (02)
Land Titling Project
Provincial Water Supply Project
Irrigation Project (12)
National Rural Development Project
National Agricultural Research Project
Mae Moh Lignite Project (02)
Industrial Finance Corporation of Thailand Project (04) - IFCT Project (04)
Bangchak Oil Refinery Rationalization Project
Education Project (05)
Natural Gas Development Engineering Project
Potash Engineering Project
Bang Pakong Thermal Power Project
Power Sector Loan Project
Railway Project (05)
Bangkok and Sattahip Ports Project
Bangkok Traffic Management Project
Inland Waterways and Coastal Ports Project
Agricultural Credit Project
Tree Crops Project (02)
Telecommunications Project (04)
Irrigation Project (11)
Education Project (06)
National Agricultural Extension Project (02)
Liquified Petroleum Gas (LPG) Project
Structural Adjustment Loan Project (01) - SAL Project (01)
Natural Gas Development Project (02)
Provincial Roads Project
Mae Moh Lignite Project (01)
Highway Project (06)
Agricultural Credit Project (02)
Khao Laen Hydroelectric Project
Bangkok Sites and Services and Slum Improvement Project
Land Reform
Structural Adjustment Loan Project (02) - SAL Project (02)
Accelerated Rural Electrification Project (02)
Northern Agricultural Development Project (NADP)
Provincial Power Distribution Project
National Sites and Services Project
Rubber Replanting (03)
Sirikit Oil Field Project
Bongkot Gas Transmission Project
Power Transmission Project
Shelter Project (03)
Distribution System Upgrading Project
Power System Development Project (03)
Power System Development Project
Secondary Cities Project
Distribution Automation and Reliability Improvement Project
Economic Management Assistance Project
Economic and Financial Adjustment Loan
Social Investment Project
Finance Companies Restructuring Loan
Financial Sector Implementation Assistance Project
EGAT Investment Program Support Project
Building Chiller Replacement Project
Building Chiller Replacement Project
Land Titling Project (04)
Environment Institutions Development Project
Debt Management Technical Assistance
Highways Management Project
Out of Court Mediation Capacity Building Project
Strenghening Governance and Social Service Delivery through Public Sector Reform
TH - Strengthening Soc Protection (TF050975)
ASEM Grant - Preparation for Financial Services Liberalization
Stimulating VCT and Early Recruitment into ART in Thailand
ASEM II-Thailand:Skills & Competitiveness for Poverty Reduction in Northeast Thailand
Economic and Financial Adjustment Loan Project (02)
Natural Resources Management Project
Thailand: Rural Information Empowerment Project
TH - Participatory Watershed Management for Ping River Basin
TH - Education Reform
ASEM Grant for Capacity Building and Strategy for Poverty Reduction II - BE
Post-Emergency Response to the Effects of the Tsunami on Vulnerable Populations in Southern Thailand
JSDF-Thailand: Legal Aid Services for Poor and Vulnerable People
TH-CF-Livestock Waste Management Program
Payment The loan will be paid back over a forty year period two million dollars paid per year in addition to 1.75% interest every year The plan Amount of money asked for: $35,000,000.00 Population: 13,796,354 1 of 25 of the poorest countries in the world In 2004, the unemployment rate in Mali was 30% $9 Billion Investment Program of 2006:

Goal: to increase the number of Malian children completing a basic education and to improve the utilization of resources used in the education sector.

The cost included the building of schools, funding of schools, salary of teachers and other staff and supplies for the students to use in school. Plan of 2011 Amount of money needed: $40,000,000.00 The money that we are asking for, will go towards building more schools for the children, paying the teaching staff and to the cost of supplies necessary for the children to use in classrooms. Created to improve the quality of basic education, make the oppotunity to attend school more accessible and in the future, decrease the unemployment rate. The Investment from the World Bank Input Supplies 100,000,000 USD
Research/Public Education 30,000,000 USD
Govt. Grants/Law Reforms/Flood Relief 20,000,000 USD
Agricultural Education Aid 10,000,000 USD
*allowance of 10,000,000 USD for contingence with nation and extra costs Investment totaling 160-170,000,000 USD

Payment Plan Investment goes into affect 2011, payment plan starts
5 years after initial investment, 2016. 170 million investment with 15% interest = 195.5 million USD 10 year payment plan, with each payment being about 20 million and the tenth one totaling 15.5 million. This ia a reasonable plan considering that Bangladesh
makes a revenue of 3 billion annually through exports When Bangladesh becomes food independent: more money for improving businesses, healthcare, education, infrastructure, and trade.
People will be able to produce more because they are healthier and live longer.
they will have enough money to supply with materials it needs.
the country will develop economically Bangladesh is .... INVESTMENT AND DEVELOPMENT POLICY OPERATIONS Investment operations focus on the long-term (5 to 10 years) and finance goods, works and services that support economic and social development projects.

These investment projects encompass a broad range of sectors - from agriculture to urban development, rural infrastructure, education and health. Originally designed to provide support for macroeconomic policy reforms,

Development policy loans, credits and grants now focus more on structural, financial sector and social policy reforms - improving,
For example, the management of public resources, the functioning of the judiciary or promoting good governance. BANKING PRODUCTS
The World Bank promotes an efficient use of financial resources through traditional and innovative financial services, including the use of adequate risk mitigation tools. The International Bank for Reconstruction and Development (IBRD) offers eligible member countries access to a full menu of banking products and services for risk management, and flexible solutions for managing currency, interest rate and commodity risk exposures.
The banking products provide ample flexibility to customize terms like repayment schedules, currency selection, including local currency, and interest rate fixity. TRUST FUNDS AND GRANTS
Trust funds are financial and administrative arrangements the World Bank has with an external donor that leads to grants, credits, loans or guarantees for high-priority development needs, such as technical assistance, advisory services, debt relief, post-conflict transition and co-financing. Trust funds are accounted for separately from the Bank's own resources.
The Bank also provides grants that are either funded directly or managed through partnerships.

Most grants are designed to encourage new ideas, approaches and solutions to development problems; organizations working together; and participation by stakeholders at national and local levels. GUARANTEES The World Bank Guarantee program meets the growing need many commercial lenders have for products that lesson political risk, when they consider financial investment in developing countries where there is an extra element of risk.
The Bank's basic objective in offering guarantees is to pull together private capital for investment projects on a "lender of last resort" basis.

The World Bank's vast research, analytical and technical capabilities are a vital part of the Bank's contribution to development.

Use of these services can help member governments adopt better policies, programs and reforms that lead to greater economic growth and poverty reduction.

Products range from reports on key economic and social issues, to policy notes, to knowledge-sharing workshops and conferences. The Bank's presence in these transactions is seen by investors as a stabilizing factor, because of the World Bank's long term relationship with the countries and the policy support the Bank provides to the governments. What caused the lack of development and human welfare in Bangladesh ?

Over 187 countries

What they offer Low-interest loans, interest-free credits and business expertise $25.1 million SOMALIA ETHIOPIA GHANA Others BENEFITS Canada - $300 million to Iraq Money Donated Imports Bombardier - Donates to countries in need ?????? Slovakia Geography Land locked nationCentral Europe, south of PolandThe southern part of Slovakia is composed of flat landThe Tetra Mountains are located in the north Economic Status Education Literacy: 99.6%
School Life Expectancy: 15 years
Education Expenditures: 3.5% of GDP Economy GDP per capita: $21,200
Unemployment: 12.1%
Meaning 661,907 people are unemployed Problems Border disputes over a hydroelectric dam project
with Hungary

Manufactures synthetic drugs for world market

Consumes ecstacy

Ethnic cleansing of the Slovakian people in the Hapsburg Empire
Minority issues The Good Things... Decently sized workforce with good education
wide variety of goods and services
Very industrialized nation
Proposal Retool factories to
make wind turbines

Sell technology to
rest of world

Use of Tetra mountain
range to use turbine

Settle disputes with
Hungary for dam project
to create other sources of energy Cost and Payment Plan $200,000,000 needed
$100,000,000 needed for the labor
$50,000,000 needed for materials
$50,000,000 to negotiate w/ HUngary for hydroelectric dam
Will be repayed over a ten year period, $20,000,000 a year Population, total (millions) 5.41
Population growth (annual %) 0
Life expectancy at birth, female (years) 79
Life expectancy at birth, male (years) 71
GDP (current US$) (billions) 98
GDP growth (annual %) 6.17
GNI, Atlas method (current US$) (billions) 90
Inflation, consumer prices (annual %) 5
Foreign direct investment, net inflows (% of GDP) 3
Unemployment, total (% of total labor force) 10
Time required to start a business (days) 16
Internet users (per 100 people) 66
Full transcript