THE WORLD BANK GROUP and FUNCTIONS

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THE WORLD BANK GROUPandFUNCTIONS
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THE WORLD BANK GROUP

IBRD Established 1945
IDA Established 1960
IFC Established 1956
MIGA Established 1988
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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

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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

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IBRD/IDA LENDING BY REGION(Fiscal Year 2001
US17.25 Billions)
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COFINANCING SOURCES

• Official Sources
• Other Development Banks
• Governments
• Export Credit Institutions
• Investment Banks
• Private Sector Investors

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IBRD FINANCING

• Borrowing, retained Earnings Paid-In Capital
• 15-20 years with 3-5 year grace period. Current
  interest rate Libor Base Rate plus Libor Total
  Spread (approx. 3.1)
• Member countries with annual per capita income
  below 5,225
• Governments, Government Agencies and Private
  Enterprises with Government Guarantee
• FY01 US10.5 billion for 91 projects

• Funding
• Terms
• Eligibility
• Recipients
• Commitments

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BOARD OF GOVERNORS made up of the Minister of
Finance or equivalent of each of the Banks
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 NETWORKEastern Europe and
Central Asia (ECA)
Central Core Services Complex
Legal Complex
Regional Vice-President Johannes Linn
Legal Procurement
Procurement/Financial Management
Country Units - Country Offices
Sector Units 5 - Task Team Leaders

• Operations Country Services
• Regional Procurement Advisor
• Regional Financial Mgmt Advisor

Economic Development Infrastructure/Energy
(Hossein Razavi) Human Development Rural and
Sustainable Development Finance and Privet Sector
Director Chrik Poortman
Director Richard Weston RPA Sunil
Bhattacharya FMA John Hegarty