2nd-Assignment-Group-No.-4 - World Bank Group an...

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World Bank Group: an International OrganizationSummaryWorld Bank Group: an International Organization...............................................................................................................11.Introduction..........................................................................................................................................22.Differences in Institutional Design between World Bank and United Nations......................................3Voting Power.................................................................................................................................................................43.World Bank: Rational Design critical analysis......................................................................................54.Hot issues of WBG and main decisions taken thereon..........................................................................75.World Bank Group and the private sector...........................................................................................101.Introduction........................................................................................................................................................102.Universal Financial Access by 2020.....................................................................................................................113.WB projects: Caribbean Investment Facilitating Project.....................................................................................114.Conclusion...........................................................................................................................................................126.The effectiveness of the World Bank Group.......................................................................................137.Bibliography:......................................................................................................................................15Independent Evaluation Group (IEG) is charged with evaluating the activities of the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), the work of International Finance Corporation (IFC) in private sector development, and the Multilateral Investment Guarantee Agency’s (MIGA) guarantee projects and services.EPIC is a seven-year $ 20 million program funded by the Government of Canada that seeks to build a supportive ecosystem for high-growth and sustainable enterprises throughout the Caribbean.
1. IntroductionThe world bank is an organization whose mission is to end extreme poverty within a generation andto promote shared prosperity and greater equality. It is a vital source of financial and technical assistance to developing countries around the world.The World Bank consists of five organizations: the International Bank for Reconstruction and Development (IBRD), the International Development Organization (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). Together, both the IBRD and the IDA make up the World Bank Organization, whose currentpresident is Jim Yong Kong, appointed to presidency in 2012. The IRBD lends to governments of middle-income, credit-worthy low income countries.The IDA promotes interest-free loans, called credits , and grants to governments of the poorestcountries. The IFC is the largest global development institution focused exclusively on the private sector.They help developing countries achieve sustainable growth by financing investment, mobilizingcapital in international financial markets, providing advisory services to businesses andgovernments.The MIGA was created to promote foreign direct investment into developing countries to supporteconomic growth, reduce poverty and improve people’s lives.Lastly, the ICSID provides international facilities for conciliation, arbitration or investmentdisputes.All five of these sub-organizations are managed by their member countries. The world bank has tens of thousands of donor-funded development projects throughout the world.

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