The World Bank is an international

financial institution that provides

financial and technical assistance to
developing countries for
development programs (e.g.
bridges, roads, schools, etc.) with
the stated goal of reducing poverty.

Major institutions created as a result of

the
Bretton Woods Conference in 27th
December,
1944

Two main countries which shaped the

negotiations were United States and
Britain

Provide assistance to developing and

transition countries
Promote the economic development of
the
world's poorer countries
Finance the poorest developing
countries
whose per capita GNP is less than $865
a year

special financial assistance through the

International Development Association
(IDA)

Build capacity
Infrastructure creation
Development of Financial Systems
Combating corruption
Research, Consultancy and Training

Investment loans: Support of economic

and
social development projects

Development policy loans: Quick

disbursing finance to support
countries

International Bank for Reconstruction

and
Development (IBRD) :186 member
countries

International Development Association

(IDA):
168 members countries

Agriculture and Rural

Development
Conflict and Development
Development Operations
and
Activities
Economic Policy
Education
Energy
Environment
Financial Sector
Gender
Governance
Health, Nutrition and
Population
Industry
Information and
Communication
Technologies
Information, Computing
and
Telecommunications
International Economics
and
Trade
Labor and Social
Protections

Law and Justice

Macroeconomic and
Economic
Growth
Mining
Poverty Reduction
Poverty
Private Sector
Public Sector
Governance
Rural
Development
Social Development
Social Protection
Trade
Transport
Urban Development
Water Resources
Water Supply and
Sanitation

Focus on three priority areas:

Safety net programs
Global recession and the food
Fuel and financial crises
For this:
$8.3 billion to mitigate the crisis impact
in
poor countries, over and above
previous

commitments to the institution

Trade flows
Bolster distressed banking systems
Keep infrastructure projects on track
Shift advisory support services
Support microfinance institutions

Onchocerciasis Control Program (OCP)

Successfully halted transmission of river blindness in 11 countries with
a collective population of 35 million.

Consultative Group for International Agricultural Research

(CGIAR)
Created and promoted crop improvements in developing countries over the
last 30 years through a network of research centers.

Global Environment Facility (GEF)

Provides grants to developing countries to fund projects that benefit the
global environment and promote sustainable livelihoods in local
communities.

Consultative Group to Assist the Poorest (CGAP)

Expands access by the poor in developing counctries to microfinance
through a consortium of 28 public and private development agencies.

Financial Sector Reform and Strengthening Initiative (FIRST)

Provides flexible, practical assistance to developing countries to strengthen
their financial systems and adopt international financial standards.

Global Water Partnership (GWP)

Supports countries in the sustainable management of their water
resources.
Global Alliance for Vaccines and Immunization (GAVI)
Seeks to protect public health worldwide through the widespread use of
vaccines.
The Carbon Fund
Works to develop viable, flexible market mechanisms to reduce
greenhouse gas emissions under the Kyoto Protocol.
Roll Back Malaria
Coordinates the international fight against malaria, which kills more
than 1 million people a year, most of them children in Africa.
Joint United Nations Programme on HIV/AIDS (UNAIDS)
Advocates for global action on the HIV/AIDS epidemic and works with
civil society, the business community and the private sector.
Education for All
Focuses attention on education and strives to ensure an education for
every citizen in every society

Focuses on:
Fast-track the development
Support seven poorest states

Total proposed lending program of

US$14
billion, for the next three years
Strategy is aligned with Government of
Indias own development priorities

Agriculture
Infrastructure:
Power
Transport
Water
Urban development

Skills

Components

Amount
(US $ Million)

Loan Terms

Rail

305

IBRD Loan repayable over 20

years with 5 year grace period

Road

150

IBRD Loan repayable over 20

years with 5 year grace period

Resettlement

79

IDA Credit - an interest-free loan

repayable over 35 years with a 10year grace period

Total From World Bank

542

Channelled
through
Government of India

Govt. of India
Maharashtra
Total Cost of Project

and

Govt.

403

945

the

The low cost and stable financing it

provides
with longer maturity periods
Financing through the International
Development Association (IDA)

Interest rate: 0.75% p.a.

Repayable over a period of 35 years
Inclusive of a 10 year grace period

Government estimates investment of

$475

billion

WB financed FY08: US$ 2.7 billion

World Bank group had 60 active projects in the country