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History Of The World Bank - College Essay

History Of The World Bank

The WB was created by the Bretton Woods Conference and evolved by adding
additional institutions as additional tasks were identified. The initial
objective of the WB was to provide loans for the rebuilding of Europe after
WWII, later lending is provided to developing countries to foster
development. Membership in the IMF is a prerequisite to be member of the WB
and the source of the funds it provides are membership subscription quotas,
international capital market borrowing (bonds), repayment of loans and
retained earnings.

The institutions that form the WB group today are: 1. IBRD (International
Bank for Reconstruction and Development), 2. EDI (Economic Development
Institute), 3. IFC ...

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eastern
Europe. Investment in the developing world is done by lending for projects
unable to attract private financing, neoliberal philosophy is followed to
decide what is considered economic development. The IBRD is the largest
source of development assistance.

The IBRD is an official or sovereign lender and operates as a bank, not an
aid-giving agency, It is very conservatively managed and it has a very
profitable operation. Before extending a loan, a very rigorous economic and
financial analysis of the proposed project is done so that a targeted ROI
of 10% is met. The actual average ROI of the IBRD is about 20% although
nearly 2 out of each 5 projects fails the 10% ROI. One of the concerns for
the IBRD is that the average ROI is falling. THE IBRD has outstanding loans
totaling more than 104 billion dollars.

The Economic Development Institute was established in 1955 to train
government officials from the developing world in economic and financial
management. The EDI promotes ...

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History Of The World Bank. (2008, November 28). Retrieved April 18, 2024, from http://www.essayworld.com/essays/History-Of-The-World-Bank/93816

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PAPER DETAILS

Added: 11/28/2008 11:58:23 PM
Category: Economics
Type: Premium Paper
Words: 1190
Pages: 5

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