The World Bank originated at the 1944 Bretton Woods Conference where the IMF and World Bank were created. The World Bank aims to reduce poverty and enhance prosperity. It is headquartered in Washington D.C. and has over 100 offices worldwide with 185 member countries. The World Bank provides loans, policy advice, technical assistance and knowledge sharing to developing countries. It focuses on five pillars: integrating countries into the global economy, reducing poverty, sustainable resource management, developing financial markets and improving institutions.
3. In response to post-war reconstruction and to discuss the future of
international economic cooperation
In July of 1944, representatives from 44 countries met at Bretton
Woods, New Hampshire.
Creation of two institutions,
1.International Monetary Fund (IMF)
2.International Bank for Reconstruction and Development;
a.k.a. the “World Bank.”
4. Structure of the World Bank
• Headquartered in Washington
D.C.
• Over 100 offices all over the
world
• 185 member countries
• Membership of the IMF is
required
• 5 Largest shareholders: France,
Germany, Japan, UK, and US
6. Board of Governors
• Made of up representatives from
member countries
• Typically, the representatives are
ministers of finance or ministers of
development
• Meet annually to review policies and
review membership
• Ultimate policy makers
• Elect a Board of Directors every 2 years
7. • 24 members of the Board (5 from the largest
shareholders, 19 to cover the remaining geography)
• President of the World Bank serves as the Chairman of
the Board
• General operations
• Meet twice a week
• According to the Charter, the member with the greatest
# of shares, chooses the president.
• The president is, traditionally, a U.S. citizen and is the
chairman of the Board.
Board of Directors
9. WORLD BANK THEMES
1. The poorest countries
2. Post-conflict and fragile states
3. Middle-income countries
4. Global public goods
5. The Arab world
6. Knowledge and learning
14. 1. Integrate Countries into the world economy
2. Reduce poverty, inequality, and social exclusion
3. Resource management and environmental challenges
4. Development of capital markets
5. Improving public and market institutions
The Five Pillars
16. 1. Integrate Countries into the world economy
2. Reduce poverty, inequality, and social exclusion
3. Resource management and environmental challenges
4. Development of capital markets
5. Improving public and market institutions
The Five Pillars
19. more than 135 million people living on less than $1 a day
20. Challenges as a
MIDDLE INCOME country
1. A growing but still weak civil society
2. Shortening of the gap between the wealthy and the poor
3. Emphasis on the economy while neglecting environmental
concerns
21. the provider of economic analysis,
policy advice, technical assistance and training
from LENDER to CONSULTANT
23. INNOVATIVE ideas on
how to best reduce poverty
$1.17 million were awarded to
the 50 most INNOVATIVE projects
24. 1. Integrate Countries into the world economy
2. Reduce poverty, inequality, and social exclusion
3. Resource management and environmental challenges
4. Development of capital markets
5. Improving public and market institutions
The Five Pillars
25. SANITATION AND WATER
500,000 people have been provided water-giving services
50,000 people with sanitation amenities
29. 1. Integrate Countries into the world economy
2. Reduce poverty, inequality, and social exclusion
3. Resource management and environmental challenges
4. Development of capital markets
5. Improving public and market institutions
The Five Pillars
30. Education Focus
Over 50 percent of its budget
is dedicated to education.
The Social Fund for Development
(SFD) is delivering basic
education to even the most
remote corners of the country.
1. Primary school enrollment
has increased from 61 to 67
percent.
2. The goal is universal
enrollment by 2015.
3. The focus is on the number of
girls in school (whose
enrollment numbers are far
behind those of boys).
4. The SFD refurbished 8,790
classrooms.
31. Promoting access to
safe water and health
services is also a
project priority,
accounting for 24
percent of SFD funding:
518 water projects providing potable water to
1.4 million Yemenis for the first time
New health care projects—focused on involving
local communities in managing and maintaining
health facilities
Training for health workers—having served
hundreds of thousands of Yemenis
Health Services
32. Small Business Microfinancing
In 1998, with support from the World Bank through the Social Fund
for Development, the Yemeni government created the Small and
Microenterprise Development Program:
1. To provide financial and non-financial services to small and
microenterprises
2. To increase the income of the poor
3. Generate new job opportunities
4. Encourage microfinance through a number of capable Non
Governmental Organizations (NGOs)
5. Extended loans to more than 17,000 borrowers
33. Samira
They lend to women like 47-year-old
Samira Hasan Khalid.
This mother of nine borrowed $100
to buy a billiard table to rent to the
local kids.
34. “Perhaps with the expansion
of my business, I will employ
others.”
Obeida Mansour El-
Sharif
Making credit available to some
of the poorest people in Yemen is
creating innovation where once
there was despair.
Though times were “extremely hard,”
as a mother of eleven, she
obtained a loan from a microcredit
agency and bought a sewing machine;
obtained a second loan and started a
women’s wear clothing shop; and
obtained a third loan and bought a
small minibus.
Now she employs her sons to help
her manage her businesses.
35. INFLUENCE ON
TRADE POLICY
• Regulatory Assessment on Services
Trade and Investment (RASTI)
• Streamlining Non-Tariff Measures: A
Toolkit for Policy Makers
• Trade competitiveness diagnostic
toolkit
• Toolkit for the analysis of current
account imbalances