3. Overview
The IMF works to foster,
Global growth and economic stability.
Provides policy advice and financing to
members in economic difficulties.
Works with developing nations to help them
achieve macroeconomic stability.
Reduce poverty.
4. Fast Facts on the IMF
Membership: 188 countries
Headquarters: Washington, D.C.
Executive Board: 24 Directors representing
countries or groups of countries
Staff: Approximately 2,503 from 144
countries
Total quotas: US$360 billion (as of 3/14/13)
5. The IMF came into formal existence in
December 1945, when its first 29 member
countries signed its Articles of Agreement.
It began operations on March 1, 1947. Later
that year, France became the first country to
borrow from the IMF.
6. Original aims
Promoting international monetary
cooperation.
Facilitating the expansion and balanced
growth of international trade.
Promoting exchange stability.
Assisting in the establishment of a
multilateral system of payments.
Making resources available (with adequate
safeguards) to members
experiencing balance of payments difficulties.
7. Key IMF activities
Policy advice to governments and central banks
based on analysis of economic trends and crosscountry experiences.
Research, statistics, forecasts, and analysis based on
tracking of global, regional, and individual
economies and markets.
Loans to help countries overcome economic
difficulties.
Concessional loans to help fight poverty in
developing countries.
Technical assistance and training to help countries
improve the management of their economies.
8. World Bank
It provides loans to developing countries for
capital programs.
The World Bank's official goal is the reduction
of poverty.
According to its Articles of Agreement (as
amended effective 16 February 1989), all its
decisions must be guided by a commitment
to the promotion of foreign investment and
international trade and to the facilitation of
capital investment.
9. Fast Facts on the World Bank
Motto: Working for a World Free of Poverty.
Membership: 188 countries (IBRD)
172 countries (IDA)
Headquarters: Washington, D.C.
President:
Jim Yong Kim.
Purpose/ focus: Crediting.
10. The World Bank was created at the 1944
Bretton Woods Conference, along with three
other institutions, including the International
Monetary Fund (IMF).
The World Bank and the IMF are both based
in Washington DC, and work closely with
each other.
11. World Bank comprises two institutions:
1. International Bank for Reconstruction
and Development (IBRD)
2. International Development Association
(IDA).
12. International Development
Association
Formation:1960
Type :Development finance institution
Headquarters :Washington, D.C.
Membership:172 countries
President of the World Bank: Jim Yong Kim
Parent organization: World Bank Group
13. Offers concessional loans and grants to the
world's poorest developing countries.
IDA is the single largest provider of funds to
economic and human development projects
in the world's poorest nations.
14. Work Done
From 2000 to 2010,
It financed projects which recruited and trained 3
million teachers, immunized 310 million
children, funded $792 million in loans to 120,000
small and medium enterprises,.
Built or restored of 118,000 kilometers of paved
roads, built or restored 1,600 bridges.
Expanded access to improved water to 113
million people and improved sanitation facilities
to 5.8 million people.
The IDA has issued a total $238 billion USD in
loans and grants since its launch in 1960.
15. International Bank for
Reconstruction and Development
Formation:1944
Type :Development finance institution
Headquarters :Washington, D.C.
Membership:188 countries
President of the World Bank: Jim Yong Kim
Parent organization: World Bank Group
16. Offers loans to middle-income developing
countries.
It was established in 1944 with the mission of
financing the reconstruction of European
nations devastated by World War II.
17. The IBRD provides concessional financing to sovereign
states to fund projects that seek to,
Improve transportation and infrastructure,
Education
Domestic policy
Environmental consciousness
Energy investments
Healthcare
Access to food and potable water
Access to improved sanitation.
18. The Bank offers , A number of financial services and
products, including flexible loans, grants, risk
guarantees, financial derivatives, and catastrophic
risk financing.
It reported lending commitments of $26.7 billion
made to 132 projects in 2011
19. World Bank Group V/S World Bank
The World Bank should not be confused with the World
Bank Group, which comprises
The World Bank
The International Finance Corporation (IFC)
The Multilateral Investment Guarantee Agency
(MIGA)
The International Centre for Settlement of
Investment Disputes (ICSID)
20. International Finance Corporation (IFC
It is the largest global development institution
focused exclusively on the private sector.
It helps developing countries to achieve sustainable
growth by financing investment, mobilizing capital
in international financial markets, and providing
advisory services to businesses and governments.
21. The Multilateral Investment Guarantee
Agency (MIGA)
It was created in 1988 to promote foreign direct
investment into developing countries to support
economic growth, reduce poverty, and improve
people’s lives.
MIGA fulfills this mandate by offering political risk
insurance (guarantees) to investors and lenders.
22. International Centre for Settlement
of Investment Disputes (ICSID)
It provides international facilities for conciliation and
arbitration of investment disputes.
23. Collectively, the World Bank Group
is,
The world’s largest funder of education
The world’s largest external funder of the fight
against HIV/AIDS
A leader in the fight against corruption worldwide
A strong supporter of debt relief
The largest international financier of biodiversity
projects
The largest international financier of water supply
and sanitation projects
