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ITF 212

ITF 212. LECTURER: Hasan Fehmi Baklacı. WORLD BANK. Tolga Deniz Pelin Kanur Semih Özmen Geoffrey Muliez Mehmet Tolga Akansel. HİSTORY. Founded in 1944,at Bretton Woods, New Hampshire There are 44 units a founding member of the establishment. was established with the IMF

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ITF 212

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  1. ITF 212 • LECTURER: Hasan Fehmi Baklacı

  2. WORLD BANK Tolga Deniz Pelin Kanur Semih Özmen GeoffreyMuliez Mehmet Tolga Akansel

  3. HİSTORY • Founded in 1944,at Bretton Woods, NewHampshire • There are 44 units afounding member of the establishment

  4. was established with the IMF • Central : Washington • Thefirstpresident : EugeneMeyer

  5. FirstloantoFrance in 1947 of $250 million • 1979 - Lending for the fiscal yearcrosses the $10 billion mark for the first time

  6. WHAT İS THE WORLD BANK ? • The World Bank is an internationalfinancialinstitutionthatprovidesfinancialandtechnicalassistancetodevelopingcountriesfordevelopmentprogramswiththestatedgoal of reducingproverty.

  7. At thepresentday ; thereare 188 members. • Now ; Chairman is JİM YONG KİM. • In 1947, Turkey joined the • Staff: Approximately 7,000 employees in Washington, • DC and over 3,000 in offices around the world

  8. WORLD BANK AND WORLD BANK GROUP • The term "World Bank" refers only to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The term "World Bank Group" incorporates five closely associated entities that work collaboratively toward poverty reduction the World Bank (IBRD and IDA)

  9. WORLD BANK GROUP • Consists of five organizations • The International Bank for Reconstruction and Development (IBRD) • The International Development Association (IDA)

  10. The International Finance Corporation (IFC) • The Multilateral Investment Guarantee Agency (MIGA) • The International Centre for the Settlement of Investment Disputes (ICSID).

  11. WORLD BANK MİSSİON: • To fight poverty with passion and professionalism for lasting results.Tohelp people help themselves and their environment by providing resources, sharing knowledge, building capacity, and forging partnerships in the public and private sectors.

  12. OBJECTİVES OF WORLD BANK • Helps to develop the world's resources • Make an invesment • Supportsforeigninvestmentandprivateinvesment

  13. Provides capital to lessdeveloped countries • Provides the stability ofmoneyin thememberscountries • Providesinternationalcredit

  14. THE MİLLENNİUM DEVELOPMENT GOALS • Goal 1: End extreme poverty and hunger. • Goal 2: Achieve universal primary education • Goal 3: Empower women and promote equality between women and men

  15. Goal 4: Improve health of pregnant women and mothers; • Goal 5: Reduce child death rates • Goal 6: Ensure environmental sustainability

  16. Goal 7: Create a global partnership for development,withtargets for aid, trade and debt relief. • Goal 8: Tackle HIV/AIDS, Malaria, and other diseases

  17. AREA OF OPERATİON • Agriculture and Rural Development • Economic policy • Education • Energy

  18. Environment • Financial sector • Health, nutrition and population industry • Information, computing and telecommunication

  19. Law and justice • Private sector • Social protection • Trade • Water resources • Water supply and sanitation

  20. The effects of the members • They run like a cooperative, with their member countries as share holders. The no. of shares a country has is based on the size of the economy. • Largest Share holder: United State (16.41% of votes)

  21. Followed by: Japan (7.87% ), • Germany (4.49%), • The United Kingdom (4.31%) & • France (4.31%) . • The rest of the shares are divided among the other member countries

  22. IMF AND WORLD BANK • The World Bank and the IMF were both created in 1944 at a conference of world leaders in Bretton Woods, New Hampshire, with the aim of placing the International economy on a sound footing after World War II

  23. DİFFERENCE BETWEEN IMF AND WORLD BANK • The World Bank lends only to developing or transition economies, whereas all member countries, rich or poor, can draw on the IMF’s services and resources.

  24. The IMF’s loans address short-term economic problems: they provide general support for a country’s balance of payments and international reserves while the country takes policy action to address its difficulties. The World Bank is concerned mainly with longer-term issues: it seeks to integrate countries into the wider world economy and to promote economic growth that reduces poverty.

  25. The IMF focuses on the macroeconomic performance of economies, as well as on macroeconomic and financial sector policy. The World Bank’s focus extends further into the particular sectors of a country’s economy and its work includes specific development projects as well as broader policy issues.

  26. THANK YOU FOR YOUR LISTENING

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