World Bank group
The World Bank Group comprises five key institutions, each serving specific functions to support international development and financial assistance. These institutions include the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID). Together, they work towards reconstruction, development, and investment in both developed and developing countries, addressing various economic challenges and providing financial aid to promote global prosperity and sustainability.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Institutions The World bank group has five institutions under its control. Each of them performs specific functions. All these groups collectively form this international organization.
International Bank for Reconstruction & Development (IBRD) International Bank for Reconstruction & Development (IBRD)Created in 1944 aims at overseeing the reconstruction and development of devastated countries. It provides financial aid through loans to nations destroyed during the Second World War.
International Development Association (IDA) International Development Association (IDA)Existing in 1960, it aims at providing funds to under-developed (poor) countries with high debt issues. Here, the loans come with no or zero interest charges. Also, the payback period can last up to 38 years.
International Finance Corporation (IFC) International Finance Corporation (IFC)Founded in 1956, it intends to provide capital to private companies in developing nations. It can be either equity or bonds.
Multilateral Investment Guarantee Agency (MIGA) Multilateral Investment Guarantee Agency (MIGA)Established in 1988, MIGA aims to provide insurance against rising political risks in developing nations.
International Centre for Settlement of Investment Disputes (ICSID) It came into existence in 1966. This body provides a platform to solve disputes within the member nations. The first case got registered in 1972.
