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International Bank for Reconstruction and

Development

PREPARED BY
Bhavesh Joliya
Nishant Rathod
GUIDED BY
Dr.J.P.MAJMUDAR
SUBMITTED TO
DEPARTMENT OF BUSINESSADMINISTRATION
M.K.BHAVNAGAR UNIVERSITY
BHAVNAGAR
INTRODUCTION
The International Bank for Reconstruction
and Development (IBRD) is an international
financial institution which offers loans to
middle-income developing countries.

The IBRD is the first of five member institutions which compose the
World Bank Group and is its headquarter is in Washington, D.C., United
States.

It was established in 1944 with the mission of financing the


reconstruction of European nations devastated by World War II.

Together, the International Bank for Reconstruction and Development


and its concessional lending arm, the International Development
Association, are collectively known as the World Bank as they share the
same leadership and staff.
HISTORY
The IBRD and IMF were established by delegates at
the Bretton Woods conference in 1944 and became
operational in 1946
The IBRD was established with the original mission of
financing the reconstruction efforts of war-torn
European nations following World War II
The Bank issued its inaugural loan of $250 to France
in 1947 to finance infrastructure projects.
The institution also established its first field offices in:
Paris, France.
Copenhagen, Denmark.
Prague, Czechoslovakia.
FUNCTIONS OF IBRD
Granting reconstruction loans to war devastated countries.

Granting developmental loans to underdeveloped countries.

Providing loans to governments for agriculture, irrigation, power, transport, water


supply, educations, health, etc.

Providing loans to private concerns for specified projects.

Promoting foreign investment by guaranteeing loans provided by other organizations.

Providing technical, economic and monetary advice to member countries for specific
projects

Encouraging industrial development of underdeveloped countries by promoting eco


nomic reforms.
MEMBERSHIP
All countries which are members of IMF
are members of World bank.

A country holding the membership of


bank must subscribe to the charter of
the bank.

If a country resigns its membership, it is


required to pay back all loans granted to
it through interest on due date.
ROLES
The International Bank for Reconstruction and
Development (IBRD) is a global development
cooperative owned by its 188 member
countries. As the largest development bank in
the world and part of the World Bank Group,
IBRD has two main goals: to end extreme
poverty by 2030 and to promote shared
prosperity in a sustainable manner. It seeks to
achieve these goals primarily by providing
loans, guarantees, risk management products,
and expertise on development-related
disciplines, as well as by coordinating
responses to regional and global challenges.

-
FUNDING
The IBRD is owned and governed by its member states,
but has its own executive leadership and staff which
conduct its normal business operations. The Bank's
member governments are shareholders which contribute
paid-in capital and have the right to vote on its matters. In
addition to contributions from its member nations, the
IBRD acquires most of its capital by borrowing on
international capital markets through bond issues. The
Bank raised $29 billion USD worth of capital in 2011 from
bonds issued in 26 different currencies. In 2011, the IBRD
sought an additional $86 billion USD (of which $5.1 billion
would be paid-in capital) as part of a general capital
increase to increase its lending capacity to middle-income
countries. The IBRD expressed in February 2012 its intent
to sell kangaroo bonds (bonds denominated in Australian
dollars issued by external firms) with maturities lasting
GOVERNANCE

The IBRD is governed by the World Bank's Board of


Governors which meets annually and consists of
one governor per member country (most often the
country's finance minister or treasury secretary).
The Board of Governors delegates most of its
authority over daily matters such as lending and
operations to the Board of Directors. The Board of
Directors consists of 25 executive directors and is
chaired by the President of the World Bank Group.
The executive directors collectively represent all
187 member states of the World Bank. The
president oversees the IBRD's overall direction and
daily operations.[As of July 2012, Jim Yong Kim
Lending operations
The IBRD lends to member governments, or, with
government guarantee, to political subdivisions, or to
public or private enterprises.
The IBRD normally makes long-term loans, with
repayment commencing after a certain period.
The length of the loan is generally related to the
estimated useful life of the equipment or plant being
financed.
Since July 1982, IBRD loans have been made at variable
rates. The lending rate on all loans made under the
variable-rate system is adjusted semiannually, on 1
January and 1 July, by adding a spread of0.5% to the
IBRD's weighted average cost during the prior six
months.
Thank you!!
INTERNATIONAL BANK FOR
RECONSTUCTION AND
DEVELOPMENT
Nishant K. Rathod
CONTENTS
Introduction
History
Basic Information
World Bank Group
Organizational Structure
Governance
Funding
Services
Projects
Functions
Roles
Importance
Conclusion
INTERNATIONATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT

An Introduction
Meaning
Purposes
Concept
Explanation
HISTORY
Establishment of IBRD
BASIC INFORMATION
Formation
Type
Legal Status
Purposes
Headquarters
Membership
President
Parent Organization
WORLD BANK GROUP
World Bank Group:-
WORLD BANK GROUP

IBRD IFC

MIGA

IDA ICSID
ORGANISATIONAL STRUCTURE

STRUCTURE:-

President

Board of Governors

Board Committee

Development
Committee
GOVERNANCE
Board of Governors

Authority
FUNDING
Contribute Capital

Issuing Bonds
SERVICES
Financial Services

Strategic Co-ordination

Information Services
PROJECTS IN INDIA
(I) Agriculture

(II)Infrastructure

(III)Skills
FUNCTIONS OF IBRD
ROLE OF IBRD
IMPORTANCE OF IBRD
GLOBAL CHALLENGES
CONCLUSION