World Bank Kelli Jardine & Tayler Sankovic

Overview The World Bank was created for countries needing financial and technical aid around the world. It was created after World War Two ended. The bank is located in Washington, D.C. The United States controls one- third of the World Bank because they provided one- third of the money. Therefore many of the positions were held by Americans. The International Bank for Reconstruction and Development (IBRD) is known as the World Bank.

Roles and Responsibilities The bank would guarantee repayment if a loan was made by a private institution. (Act like an insurance company) To encourage the reconstruction and development of member nations, and to enhance the development of international trade. Is a form of credit used to countries that do not have very good ratings at the time, but they must have some kind of promising future. Offers technical recourses to developing countries. The IBRD focuses on middle income and countries that have sound credits and whose futures were promising. International Development Association (IDA) focuses on the poorest countries in all the world. World bank provides low-interest loans, interest-free credits and grants to developing countries for a wide selection of purposes that include investments in education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.

Financial Base One third of the currency to the bank is in U.S dollars. It is the financial base for a large number of countries that are developing or under reconstruction. The bank is owned by over 185 countries with the same plan of bring poverty to a minimum and all support in some way to the cause.

Global Impact The bank was set up to provide affordable aid to countries. But some countries have a enormous dept in their country that their economies cannot fix. Helped many countries around the word to regain many of the essential needs some examples will follow in the next few slides

-Credited to the private sector increased 250% In the last 6 years. Tanzania:

-In the poorest countries. 60,000 km of roads built, rebuilt, or maintained in last 5 years.

-About 1.6 million people have gained access to safe water in urban areas. Senegal:

-Over 3.8 million hectares of forests planted. China

Electricity for 90% percent of rural areas in 2005, up from 50% in Vietnam:

HIV testing for 500,000 people and 12 million condoms gave out. Rwanda

Key Events The end of World War Two at the Bretton Woods Conference the creation of the World Bank happened. The Bretton Woods Conference was a gathering of international monetary and financial order after the conclusion of World War Two. It’s first loan of $250 million was in France in 1947 for post war reconstruction. The World Bank has lent and given grants and credits worth $400 billion.

Bibliography PK: ~piPK:36602~theSitePK:29708,00.html Quick Video on the World Bank ~piPK:36602~theSitePK:29708,00.html