中职教育-国际金融英语课件:Unit 3 The World Bank group.ppt

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4. Multilateral Investment Guarantee Agency (MIGA) Est.1988, promotes foreign direct investment in developing countries
5. International Centre for Settlement of Investment Disputes (ICSID) Est. 1966, facilitating the settlement of investment disputes between governments and foreign investors
4. Saving Children—reduce the under 5 mortality rate.
Millennium Development Goals
5. Caring for Mothers—reduce the maternal mortality rate.
6. Combating Diseases—such as AIDS/HIV, Tuberculosis, malaria, and other major diseases.
2. Educating All Children—ensure that all children complete primary education.
3. Empowering Women—eliminate gender disparity in primary and secondary education.
Japan, UK, and US
Board of Governors
Made of up representatives from member countries Typically, the representatives are ministers of finance or ministers of development.
President of the World Bank serves as the Chairman of the Board.
General operations Meeting twice a week The president is, traditionally, a U.S. citizen and is the
Bretton Woods
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.
The World Bank Group
1. International Bank for Reconstruction and Development (IBRD) Est. 1946, “aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services”
Creation of two institutions,
1.International Monetary Fund (IMF) 2.International Bank for Reconstruction and
Development; a.k.a. the “World Bank.”
The World Bank
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,
chairman of the Board.
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Where does the money go?
Millennium Development Goals
Targets and Goals set for 2015
1. Reducing Poverty and Hunger—global poverty is projected to fall to 12 percent.
Meeting annually to review policies and review membership
Ultimate policy makers Electing a Board of Directors every 2 years
Board of Directors
24 members of the Board (5 from the largest shareholders, 19 to cover the remaining geography)
5. Working Together—make available technological advancements in information and communication. Allow affordable access to essential drugs in developing countries; address the particular need of developing countries.
The Bank’s initial goal was to assist in the reconstruction of post-war Europe.
Now, the Bank grants development loans to developing countries.
The goal is to reduce poverty by financing and assisting in numerous projects such as healthcare, education, infrastructure, communications, etc.
2. International Development Association (IDA) Est.1960, interest free loans and grants
The World Bank Group
3. International Finance Corporation (IFC) Est.1956, Private sector arm of the World Bank
7. Using Resources Wisely—improve slum dwellings, create sustainable access to drinking water, and sustainable access to basic sanitation.
Millennium Development Goals
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