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The Role of World Bank in India

The World Bank is an international financial institution established in 1944 at the Bretton Woods Conference to provide loans and technical assistance to developing countries for programs aimed at reducing poverty. It has two main lending arms, the International Bank for Reconstruction and Development (IBRD) which lends to middle-income countries, and the International Development Association (IDA) which focuses on the world's poorest countries. The World Bank supports projects in areas like agriculture, infrastructure, skills development, and aims to promote economic growth and reduce poverty.

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525 views13 pages

The Role of World Bank in India

The World Bank is an international financial institution established in 1944 at the Bretton Woods Conference to provide loans and technical assistance to developing countries for programs aimed at reducing poverty. It has two main lending arms, the International Bank for Reconstruction and Development (IBRD) which lends to middle-income countries, and the International Development Association (IDA) which focuses on the world's poorest countries. The World Bank supports projects in areas like agriculture, infrastructure, skills development, and aims to promote economic growth and reduce poverty.

Uploaded by

Devesh Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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V The World Bank is an international financial

institution that provides financial and


technical assistance to developing countries
for development programs (e.g. bridges,
roads, schools, etc.) with the stated goal of
reducing poverty.
V áajor institutions created as a result of the
Bretton Woods Conference in 27th December,
1944

V Two main countries which shaped the


negotiations were United States and Britain
V rrovide assistance to developing and
transition countries
V rromote the economic development of the
world's poorer countries
V Finance the poorest developing countries
whose per capita GNr is less than $865 a year
special financial assistance through the
International Development Association (IDA)
V Build capacity
V Infrastructure creation
V Development of Financial Systems
V Combating corruption
V Research, Consultancy and Training
V Investment loans: Support of economic and
social development projects

V Development policy loans: Quick disbursing


finance to support countries
v International Bank for Reconstruction and
Development (IBRD) :186 member countries

v International Development Association (IDA):


168 members countries
V  
V
        
V Œeep infrastructure projects on track
V Shift advisory support services
V Support microfinance institutions
v Focuses on:
£ Fast-track the development
£ Support seven poorest states
v Total proposed lending program of US$14
billion, for the next three years
v Strategy is aligned with Government of
Indiaǯs own development priorities
v Agriculture
v Infrastructure:
£ rower
£ Transport
£ Water
£ Urban development
v Skills
i       

 

       


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 #$  %

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/ 0 * % % / 0 .


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v The low cost and stable financing it provides
with longer maturity periods
V Financing through the International
Development Association (IDA)
v Interest rate: 0.75% p.a.
v Repayable over a period of 35 years
v Inclusive of a 10 year grace period

v Government estimates investment of $475


billion

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