THE WORLD BANK
GROUP
and
FUNCTIONS
1
THE WORLD BANK GROUP
IBRD
Established 1945
IDA
Established 1960
IFC
Established 1956
MIGA
Established
1988
2
FUNCTIONS OF THE
WORLD BANK
Provide funds for development projects
Provide policy advice and technical
assistance
Promote investment in developing
countries
Extend grants for project preparation and
institutional building
3
TYPES OF OPERATIONS
Investment Projects
Pre-defined specific project
Implementation aspects defined
Adjustment Operations
Structural and Sectoral
Policy Reform
Program Operations
Multi-year investment program
Investments not precisely pre-defined
Guarantee Operations
4
IBRD/IDA LENDING BY REGION
(Fiscal Year 2001 – US$17.25 Billions)
East Asia
South Asia
2.13
3.25
18.8% 12.4%
Europe,
Central Asia Africa
15.6% 19.5%
2.69 3.37
3.0%
Middle East & 30.7% Latin America
North Africa
& Caribbean
0.51
5.30
5
COFINANCING SOURCES
Official Sources
Other Development Banks
Governments
Export Credit Institutions
Investment Banks
Private Sector Investors
6
IBRD FINANCING
Funding Borrowing, retained Earnings
Paid-In Capital
Terms 15-20 years with 3-5 year grace
period. Current interest rate Libor
Base Rate plus Libor Total Spread
(approx. 3.1%)
Eligibility
Member countries with annual per
capita income below $5,225
Recipients Governments, Government
Agencies and Private Enterprises
with Government Guarantee
Commitments FY01 – US$10.5 billion for 91
projects
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BOARD OF GOVERNORS
made up of the Minister of Finance or
equivalent of each of the Bank’s 181
member countries
EXECUTIVE DIRECTORS
24, representing the constituencies of the
181 member countries
THE PRESIDENT
MANAGING
DIRECTORS OPERATIONS
EVALUATION
STAFF
REGIONAL AND FUNCTIONAL VICE PRESIDENTS
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FIDUCIARY SERVICES NETWORK
Eastern Europe and Central Asia (ECA)
Central Core
Services Legal Complex Regional Vice-President
Johannes Linn
Complex
Legal
Procurement/Fi Procurement
nancial
Management
Country Units Sector Units – 5 Operations & Country Services
- Country Offices - Task Team Leaders -Regional Procurement Advisor
Economic Development: -Regional Financial Mgmt Advisor
Director: Chrik Poortman Director: Richard Weston
Infrastructure/Energy RPA: Sunil Bhattacharya
(Hossein Razavi) FMA: John Hegarty
Human Development:
Rural and Sustainable Development
Finance and Privet Sector
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