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ë Need for Foreign exchange was increased

ë Buying and selling with other countries

ë Buyers have to be able to change their money from their

country's currency to the seller's national currency

ë IMF helps member countries to always have enough

foreign exchange to continue to do business with the rest
of the world

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  „

ë Vo rebuild the international economic system after

Vhe Great Depression of 1930 and World War II

ë 730 delegates from all 45 Allied nations gathered at

Bretton Woods, New Hampshire, United States

ë Vo allow currency to be exchanged freely and easily

between member countries

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ë mstablishment : 1945

ë President : Dominique strauss-kahn.

ë Membership: 187 countries

ë Headquarters: Washington, D.C.

ë mxecutive Board: 24 Directors representing countries or groups of

countries

ë Staff: Approximately 2,500 from 158 countries

ë Votal quotas: US$328 billion (as of 8/31/10)

ë Additional resources: $600 billion

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ë Vo promote international monetary cooperation to solve
International monetary problems
ë mxpansion and balanced growth of international trade
ë Promote exchange stability
ë Give confidence to members by making the general
resources of the Fund
ë Maladjustments in Balance of Payments of countries
ë shorten the duration and lessen the degree of
disequilibrium in the international balances of payments
ÿ
  
„

ë Member country of the IMF is assigned a quota,

based on its size in the world economy

ë Determine countries' voting power (e.g. US)

ë Determine how much countries can borrow and their

share in allocations of SDR (Special Drawing Rights)

ë Quotas are reviewed every five years


 å 
  
ë Countries pay up to 25% of their quota subscriptions
in SDRs or major currencies, such as U.S. dollars,
muros, pounds sterling, or Japanese yen
ë Remaining 75% in their own currencies
ë SDR is an international reserve asset, created by the
IMF in 1969
ë Now US Dollar is the world's primary foreign
exchange reserve asset
ë Vill 1970, gold was the world¶s primary foreign
exchange reserve asset (3rd largest gold reserve)
ë In Aug. 2009, IMF's total quotas stood at $328 billion
|
 

 


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ë IMF has taken several important steps to enhance transparency

and openness
ë Main aim of establishment and strengthening of data
dissemination standards to guide member countries
ë In 1996, the IMF began work on data dissemination standards
ë guiding IMF member countries to disseminate their economic
and financial data to the public
ë DDS split into two tiers
a) General Data Dissemination System (GDDS)
b) Special Data Dissemination Standard (SDDS)
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   „  

IMF Data Dissemination Systems participants

IMF member using SDDS
IMF member using GDDS
IMF member, not using any of the DDS systems |R
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ë Remarkable development of recent decades

ë Vill 1970, India among the first five nations having highest
quota with IMF
ë India has turned into a creditor to the IMF and has stopped
taking loans from it
ë In 2009, India purchased IMF gold to lend money to
developing countries
ë IMF predicted 8% expansion during 2010-11

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ë SDR 3,260,405,000 in 1992

ë SDR 3,584,905,000 in 1993
ë SDR 2,763,180,833 in 1994
ë SDR 1,966,633,125 in 1995
ë SDR 1,085,250,003 in 1996
ë SDR 589,791,667 in 1997
ë SDR 284,916,664 in 1998
ë SDR 38,500 in 1999

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ë Membership Status: Joined: December 27, 1945

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Quota 4,158.20 100.00
Fund holdings
3,270.26 78.65
of currency
SDR 888.06 21.36

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ë President : Robert B. Zoellick

ë Headquarter : Washington, Dc Plus More Vhan 100 Country Offices
ë mstablished : July 1, 1945 By A Conference Of 45 Governments In
Bretton Woods, New Hampshire.
ë Composed Of Five Organizations : IBRD, IDA, IFC, MIGA &
ICSID
ë Membership : 187 Countries
ë Staff :Approximately 10,000 In Washington And Over 160 countries

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„„  „

Π      (standing) Robert B. Holland III, Mr. Herwidayatmo, Pietro Veglio,mckhard Deutscher, Mathias
Sinamenye, John Austin, Vom Scholar, ChanderMohanVasudev,Vhorsteinn Ingolfsson, Sid Ahmed Dib, Yahya Abdullah
M. Alyahya, Nuno Mota Pinto, OtavianoCanuto, Pierre Duquesne, Paulo F. Gomes, Gino Alzetta, Gobind Ganga,
Alexey G. Kvasov, LuisMarti; (seated) Mahdy Ismail Aljazzaf, Zou Jiayi, Jaime Quijandria, Yoshio Okubo, Ad Melkert
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WORLD BANK PRmSIDmNV
Robert B. Zoellick
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ë Improving health care, nutrition, childhood
development and education

ë Setting up social security nets and pension systems

ë Protecting the most vulnerable groups of society

ë mmpowering the rural poor, raising their

productivity and income

ë Reducing poverty and improving living standards

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ë Investing in people, particularly through basic health and education

ë Focusing on social development, inclusion, governance, and

institution-building as key elements of poverty reduction

ë Strengthening the ability of the governments to deliver quality

services, efficiently and transparently

ë Protecting the environment

ë Supporting and encouraging private business development

ë Promoting reforms to create a stable macroeconomic environment,

conducive to investment and long-term planning

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ë   : the bank has an overall framework for its fight
against poverty, as well as strategies that are specific to
individual countries and various sectors of development

ë Œ
 : by following the policies it has established for its
operations, bank helps ensure quality and fairness in its
projects.

ë Œ
 
 

: the bank provides financial, advisory,
and training services to its clients and makes a wide range of
information available about its projects. For e.g.
Investment & Development Policy Lending
Investment Lending
Development Policy Lending

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ë Œ
 
  
: the bank offers a wide range of services to
support the development and implementation of its poverty-
reduction activities in its member countries. Vhey can be categorized
into financial services, analytic and advisory services and capacity
building. For e.g.

IFC Vechnical and Advisory Services

Vhe Foreign Investment Advisory Service (FIAS)
Investment Promotion Advisory Services
Vreasury Client Services

ë m

 
  
: independent units of the bank assess
effectiveness of its work and ensures that the people affected by its
projects have a voice.

ë @
   
: the bank shares its knowledge through

information centers, publications, web sites and educational
programs.

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„ 
Feb o1, 2007 Kazakhstan: Ust-Kamenogorsk mnvironmental Remediation Project

Feb o1, 2007 Nigeria: Community-Based Poverty Reduction Project

Feb o1, 2007 Rwanda: Multi-Sector HIV/AIDS Project

Jan 30, 2007 Haiti: mconomic Governance Reform Operation II

Jan 30, 2007 Haiti: Rural Water and Sanitation Project

Jan 30, 2007 Jordan: Cultural Heritage Vourism and Urban Development Project

Jan 25, 2007 Mozambique: Vhe Maputo Municipal Development Program

Jan 25, 2007 Mozambique: Vhird Poverty Reduction Support Credit

Jan 25, 2007 Pakistan: Vhe Land Records Management and Information Systems Project

Jan 23, 2007 Argentina Provincial Agricultural Development Project

Jan 23, 2007 China: Vhird National Railway Project

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Jan 23, 2007 India: Vamil Nadu Irrigated Agriculture Modernization and Water-Bodies

Jan 11, 2007 Restoration and Management Project

Dec 21, 2006 India: Andhra Pradesh mconomic Reform Credit/Loan Development Policy Lending

Dec 21, 2006 Comoros: Services Support Project

Dec 19, 2006 Philippines: First Development Policy Loan

Dec 19, 2006 Brazil: Federal Water Resources Management Project

Dec 19, 2006 Cape Verde: HIV/AIDS Project

Dec 19, 2006 Indonesia: Vhird Development Policy Operation

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 # „  #„

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Flood Protection 7%
Agriculture, Fishing & Forestry 7%
Transportation 15%
Energy & Mining 6%
Industry & Trade 4%
Health & Other Social Services 19%
Finance 8%
Education 13%
Information & Communication 1%
Law & Justice & Public Administration 20%

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„ #„

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„

ë Established 1945 | 187 Members

ë 2005 lending: $13.6 billion
ë For 118 new operations in 37 countries
ë IBRD aims to reduce poverty in middle income and
creditworthy poorer countries by promoting sustainable
development through loans, guarantees, risk
management products, and (non lending) analytical and
advisory services

]
 

ë mstablished 1960 | 170 Members
ë 160 new operations in 66 countries
ë In most of countries, the great majority of people live on less
than $2 a day
ë Helps the world¶s poorest countries to reduce poverty by
providing interest-free credits and grants for programs
ë IDA is one of the largest sources of assistance for the world¶s
79 poorest countries
ë FY10 IDA borrowers ($million)
a) India 2,578
b) Vietnam 1,429
c) Vanzania 943
d) mthiopia 890
]|
e) Nigeria 890
 
ë mstablished 1956 | 182 Members

ë Committed portfolio: $24.6 billion

ë For 236 projects in 67 countries

ë IFC promotes economic development through the private sector

ë Working with business partners, it invests in sustainable private

enterprises in developing countries without accepting
government guarantees

ë It provides equity, long-term loans, structured finance and risk

management products, and technical assistance and advisory
services to its clients ]R
 

ë Established 1988 | 175 Members

ë Cumulative guarantees issued: $ 21 billion
ë Fiscal 2009 guarantees issued: $ 1.4 billion.
ë Concerns about investment environments and perceptions of
political risk often in foreign direct investment
ë A key driver of economic growth in developing countries
ë MIGA addresses these concerns by providing political risk
insurance (guarantees), offering investor*s protection against
non commercial risks such as currency inconvertibility, and
breach of contract, war, and civil disturbance

]]
 

ë Established 1966 | 144 Members

ë Total cases registered: 230
ë Fiscal 2005 cases registered: 25
ë ICSID helps encourage foreign investment by
providing international facilities for conciliation
and arbitration of investment Disputes, thereby
helping foster an atmosphere of mutual confidence
between states and foreign investors.
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    „  

„
%&&'()**+
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|  |  |     

Funding
Volumes 17,694 28,007 22,443 15,789 17,033 22,050 18,798 11,778 13,110 9,483
(USD Millions)

Range of 1 to 30 1 to 30 1 to 30 1 to 32 1 to 32 1 to 30 1 to 30 1 to 30 1 to 30 1 to 20
Maturities

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ë Country has witnessed accelerated economic growth
ë mmerged as a global player with the world¶s fourth largest
economy in purchasing power parity terms

ëGROWVH:
Population Growth ( 2001- 2007) : 1.4%
GDP Growth (2007- 2008): 9.0%
GDP Growth (2008-2009): 7.1%
Life expectancy at birth: 64 years
Male Adult literacy (age 15 and older): 73%
Female Adult literacy (age 15 and older): 48%

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1) India is one of the µfounding fathers¶

2) India is the largest recipient of WB financial assistance
3) WB loans are a cheap source of financing
4) WB rely on local expertise
5) WB looked to India first for new development ideas
6) WB have joined hands with India in the fight against HIV/AIDS
7) WB are helping to energize India
8) WB is excited about e-governance in India
9) WB share India¶s vision of 'mducation for All¶

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1. Achieving Rapid and Inclusive Growth

2. Improving Infrastructure
3. mnsuring Development is Sustainable
Water, mnergy
4. Increasing the mffectiveness of Service Delivery
Safety Nets, Health, mducation

]ÿ
CONCLUSION

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SUBMIVVmD BY:

AMAR SHmLAR 46
MAHmSH KORVI 26
RmNUKA NAWAVHmY 32
OMKAR BANDmKAR 03
MAHmSH AVHAD 02 SUBMIVVmD VO:

PROF. AJGAONKAR

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