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WORLD BANK. ITF 212 INTERNATIONAL TRADE AND INVESTMENT INSTRUCTOR : Assoc . Prof. Dr. Hasan F. BAKLACI Güleycan DAĞDELEN Büşra ÇETMEN Görkem KURU Ahmet N. BOĞANÇ. What is World Bank?.
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WORLD BANK ITF 212 INTERNATIONAL TRADE AND INVESTMENT INSTRUCTOR : Assoc. Prof. Dr. Hasan F. BAKLACI Güleycan DAĞDELEN Büşra ÇETMEN Görkem KURU Ahmet N. BOĞANÇ
What is World Bank? • dedicatedtoprovidingfinance • researchtodevelopingnations • created at the end of World War II
HISTORY OF WORLD BANK • establishing with IMF in 1944 • Signwith 44 countries • Prepare ‘Articles of agreement’
Articles of Agreement • To assist in the reconstruction and development • Topromoteprivateinvestment • suitablefinanceconditionsforproductivepurpose • Preferentialmore useful and urgent projects • To help the post-war years
MISSION; Create a worldfee of poverty’
STRUCTURE • 184 membercountries • capitalratio 0.5% ratio of votes 0,5 • 55% of capitalbelongto 11 members
FiveInstitutions, OneGroup International Bank forReconstruction and Development • lends to governments of middle-income and creditwo countries.
the largest global development institution focused exclusively on the private sector
to promote foreign direct investment into developing countries
TO BE A MEMBER OF WORLD BANK • Must be member of IMF • Must be member of IBRD • the final decision-making power within the organizations on all matters
TODAY… • attemptstofightpoverty • more direct government support policies and infrastructure projects • 12th president is JimYong Kim
TYPES OF LOANS LEARNING AND INNOVATION LOAN • small-scaleinvestments • Learnfromobservation • ’Commodities Market Development Project’’ in Turkey SPECIFIC INVESTMENT LOANS (SIL) • Growtheconomic, socialandinstitutionalinfrastructureprojects. • Turkeyreceived 194 loan
EMERCENCY RECOVERY LOAN (ERL) • extraordinaryevents FINANCIAL INTERMEDIARY LOAN • accommodateneeds of therealsectorinvestment • credittothelocalfinancialinstitutions • Longtermcredit
INVESTMENT LOANS • realizepublicinvestmentprojects • Financepart of theproject ADJUSTMENT LOANS • supporttheimplementation of economicpolicy • structuraladaptation changes in macroeconomicpolicy, • used at onestageor step by step
-World Bank-TurkeyRelations- • became a member of theWorld Bank in 1947 • Turkey 0.48% of thevotingpower • 24 .01.1980 Turkisheconomiesliberalization program • 159 creditagreementsignedwithTurkey since 1947
Turkey’sgeographicallocationimportant • needs : • such as performedthissituations • Turkey has bigpotential • Turkey not use net resourcesagainstWorld Bank startingwith 1989 • moreloansarethecurrency • interest rate payment has realized
Turkey'sWorl d Bank Groupdebttheshare of total foreigndebt : • 1.358 million$, tothe IFC • 103 million$ tothe IDA • 2.883 million$ tothe IBRD