IMF Vs World Bank Support to India Operations of World Bank Introduction World Bank World Bank Why World Bank History Priorities Criticism

The world bank is an internationally supported bank that provides financial and technical assistance to developing countries for development programs (e.g. bridges, roads, schools)with the stated goal of reducing poverty.

4 One of the world's largest sources of development assistance In fiscal year 2009, it provided more than US$42 billion in loans to developing countries Works in more than 100 developing economies Primary focus: helping the poorest people and the poorest countries The largest external funder for: – Education– HIV/AIDS – Health– Biodiversity Projects

President :- Robert B. Zoellick Membership :- 185 countries Affiliates :- IFC, MIGA, ICSID Headquarters :- Washington, DC Established :- July 1,1944

NEED OF WORLD BANK BUILD CAPACITY CREATE INFRASTRUCTURE DEVELOP FINANCIAL SYSTEM COMBAT CORRUPTION

The world bank is one of the two Bretton Woods Institutions which were created in 1944 to rebuild a wartorn europe after World War II. Later,largely due to the contributions of the Marshall Plan,the World Bank was forced to find a new area in which to focus its efforts.

CONTRIBUTION POVERTY REDUCTION STRATEGIES COMPREHENSIVE DEVELOPMENT FRAMEWORK

Fund generation Loans Grants Analytic & Advisory Services Capacity building

IBRD and IDA Initial mission was to aid reconstruction of nations devastated in WWII IDA obtains fund through donor countries. IBRD income through lending activities

INVESTMENT LOANSDEVELOPMENT POLICY LOANWORLD BANK TREASURY

Relieve the debt burden of heavily indebted poor countries Improve sanitation and water supplies Support vaccination and immunisation programs to reduce the incidence of communicable diseases like malaria Combat the HIV/AIDS pandemic Support civil society organisations Create initiatives to cut the emission of greenhouse effect

Poverty Assessments Public Expenditure Reviews Country Economic Memoranda Social and Structural Reviews Sector Reports Topics in Development

Advisory Services and Ask Us Global Development Learning Network World Bank Institutes Global and Regional Programs

Agriculture and Rural Development Economic policy Education Energy Environment Financial sector Health, nutrition and population industry Information, computing and telecommunication Law and justice Private sector Social protection Trade Water resources Water supply and sanitation

India is home to over one-quarter of the world’s poor, and the world bank group is focused on sharing best practices as well as financing for development as part of its mission to help reduce global poverty.

In India, the World Bank works in close partnership with the Central and State Governments. It also works with other development partners: bilateral and multilateral donor organizations, nongovernmental organizations (NGOs), the private sector, and the general public.

The Country Strategy for India for is aligned with the government's Eleventh Five Year Plan. It focuses on helping the country to fast-track the development of much-needed infrastructure, support the seven poorest states, and respond to the financial crisis. The strategy envisages total proposed lending of US$14 billion for

From 1949 to June 2000, the Bank has extended about 215 loans and 292 development credits to India. The World Bank Group plans to double its investments in the Indian agriculture sector to $ 5 billion in the next three years. The World Bank has already delivered about $5.3- billion to India this fiscal year with commitments to power, roads, banking, rural development and water.

IMFWORLD BANK 1.TYPE OF INSTITUTION Co-operativeLending 2. LOANSShort term loansLong term loans 3. MAJOR ISSUESmacroeconomic issues Related to structure within a country

IMFWORLD BANK 4. FINANCIAL RESOURCES Fixed quota subscriptions Borrowings 5. SIZE & STRUCTURE SMALL WITH NO AFFILIATES OR SUBSIDarIES COMPLEX 6. RECEIPTS OF FUNDING ALL MEMBER NATIONSONLY DEVELOPING COUNTRIES

World bank provides the largest external funds for education. It is a big support in reducing poverty. It provides fund for biodiversity projects. it helps to bring clean water, electricity, and transport to poor people. It helps in controlling emerging conflicts. 5 PRIORITIES OF WORLD BANK

World economy slowly recovers, developing world faces scarce financing. World Bank analysis regarding crisis, finance, and growth. World Bank group launches online consultations on future energy strategy. World Bank team prepares for damage assessment and recovery plan in Haiti.

It was started to reduce poverty but it supports United States’ business interests. It is deeply implicated in contemporary modes of donor and NGO driven imperialism. The President of the Bank is always a citizen of the United States.

Lack transparency to external publics. It is an instrument for the promotion of U.S. or Western interests. The decision-making structure is undemocratic. It has consistently pushed a “neo-liberal” agenda. CONTD..