N o ve m b e r, 2 0 0 9

Mehedi Hasan Md. Hefzur

Rahman
Associate Professor and Head

Business Administration
Ø Salahuddin Yousuf # 07
03 30
Ø Sandip Sarker #
07 03 35
Ø ArifuzzamanKhan # 07
03 44
 • The World Bank aids in the
development and
reconstruction of its
members
•
• The International Monetary
Fund (IMF) maintains
international monetary
cooperation among its
members
•
Formation 17 December, 1945
• Mission: To help
Membership 186 countries developing
countries and
President Robert B. Zoëlick
their people reach
Headquarter Washington DC.
the goals by
working with WB’s
24 Vice-Presidents, 3 Senior Vice
partners to
Presidents and 2 Executive Vice alleviate poverty.
Presidents
Formation: July, 1944

Membership: 186 countries.

( Kosovo last)

Headquarter: Washington DC.

 MD : Dominique Strauss-Kahn.

 Staff: 2,478 from 143 countries

• After the Great Depression in the 1930s there was a need for
an organization to create a system for exchange rate
stability
–
– Uncertainty of the value of paper money (no longer used the
gold standard)
– Countries began cheating other countries in trade
–
• Countries’ economies affected by WWII
– need for reconstruction in well-developed nations
– need for development in the lesser developed nations
• 1940s proposals for monetary system by Harry Dexter
White (U.S.) and John Keynes (UK)
– establish the value of each currency
– eliminate restrictions and certain practices on trade
– assistance for post-war reconstruction


• Bretton Woods Conference, New Hampshire, July 1944 with

delegates of 44 nations
– final negotiations of the IMF and the World Bank took
place
 WORLD BANK

WORLD BANK
• Founded in 1944 at the Bretton
Woods Conference
– to finance the reconstruction
of countries affected by
WWII
– help with development of
impoverished nations
• World Bank’s central institution
• 186 member countries

• Established in 1960
– assist the poorest developing countries
• lends to countries with annual per capita
incomes of about $800 or less
– It’s loans are knows as “credits”
• 161 members
• Known as soft loan window
• Works with the Government of Bangladesh to assist
in attaining goals of reducing poverty and
improving the lives of people.
• Also works closely with other development partners
(NGO, civilsociety, academia
) 
• For the current financial year FY09, World Bank has
provided concessional lending above $1 billion.
• All World Bank loans to Bangladesh are
interest free IDA credits.
• Its current portfolio in the country includes
27 active projects.
• The World Bank has supported the Government’s
rural development, education, social
protection and health programs that helped
the country in achieving the MDGs. 
• Basic infrastructure (electricity, support for
power generation, the construction of the
Padma Bridge)

CRITICISM
Ø The privatization aspects
have also been criticized.
Ø Moral Hazard.
Ø Decline in Public
Services.
Ø Takes away political
autonomy.
Ø Exacerbates Economic
Problems.
 

 Thank you
 ?