Issa Nordein & Patrick Settele “Our Dream is A World Free of Poverty.”

World Bank 03/03/2011Issa Nordein & Patrick Settele 2 / 15  History  Members / Leadership  Funding / Functions  World Bank Group  Criticism Topics

World Bank  Conceived during World War II at Bretton Woods, New Hampshire, the World Bank initially helped rebuild Europe after the war.  Its first loan of $250 million was to France in 1947 for post-war reconstruction.  Reconstruction has remained an important focus of the Bank's work.  During the 1980s, the Bank was pushed in many directions: early in the decade, the Bank was brought face to face with macroeconomic and debt rescheduling issues. 03/03/2011Issa Nordein & Patrick Settele 3 / 15 World Bank History

World Bank  The World Bank are made from 187 member countries.  The countries with most voting power are now the United States (15.85%)United States  Japan (6.84%) Japan  China (4.42%) China  Germany (4.00%)Germany  United Kingdom,France (3.75%) each.United KingdomFrance 03/03/2011Issa Nordein & Patrick Settele 4 / 15 Members

World Bank  The President of the Bank, currently Robert B. ZoellickRobert B. Zoellick  He is responsible for chairing the meetings of the Boards of Directors and for overall management of the Bank.  He will serve for a five-year, renewable term.  There are 24 Vice-Presidents, three Senior Vice Presidents and two Executive Vice Presidents. 03/03/2011Issa Nordein & Patrick Settele 5 / 15 Leadership

Cartoon 03/03/2011Issa Nordein & Patrick Settele 6 / 15

World Bank  Poverty Poverty 03/03/2011Issa Nordein & Patrick Settele 7 / 15 Poverty across the World

World Bank 03/03/2011Issa Nordein & Patrick Settele 8 / 15  World Bank Creating Poverty!!!! World Bank Creating Poverty!!!! World Bank Creating Poverty

World Bank 03/03/2011Issa Nordein & Patrick Settele 9 / 15  Poverty reduction strategy  Clean technology Fund Management (CTF)  Clear Air Initiative (CAI)  United Nations Development Business  Funding Fundings / Functions

World Bank 03/03/2011Issa Nordein & Patrick Settele 10 / 15  World Bank  IDA (International Development Association)  IBRD (International Bank for Reconstruction and Development) World Bank Group  World Bank Group  IDA (International Development Association)  IBRD (International Bank for Reconstruction and Development) +  IFC (International Finance Corporation)  MIGA (Multilateral Investment Guarantee Agency)  ICSID (International for Settlement of Investment Disputes)

World Bank ConditionsImpact on EliteImpact on Poor Cut Social SpendingMore debts repaid, including to World Bank and IMF. - Increased school fees breaks literacy rates down - Higher fees for medical service mean less treatment, more suffering, needless deaths. Shrink Government- Fewer government employees means less capacity to monitor - Frees up cash for debt service - Massive layoffs in countries where government is often the largest employer - Makes people desperate to work at any wage Raise Interest RatesInvestors find country a profitable place to park cash, though they may pull it out at any moment Small farmers and businesses can't get capital to stay afloat and sell land and then shut down Cut Subsidies for Basic Goods Frees up more money for debt payments - Raises cost of items needed to survive - Most frequent flashpoint for civil Eliminate Tariffs- Allows foreign goods easy access to domestic markets - Makes luxury items cheaper for those in the country - Allows country to comply with WTO agreements - Makes it harder for domestic producers to compete against better- equipped and richer foreign suppliers - Leads to closure of businesses and layoffs Source:

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World Bank 03/03/2011Issa Nordein & Patrick Settele 13 / 15  Corruption  Structural adjustment  Water privatization  Sovereign immunity  Environmental Strategy Criticism