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Economy > World Bank > Flashcards

World Bank Flashcards

1
Q

Organisations in WBG?

A 
IDA
MIGA
IFC
IBRD
ICSID
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2
Q

WB Headed by?

A

President. Conventionally American

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3
Q

WB Owned by?

A

Members - Subscribe basic share capital

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4
Q

Votes of members?

A

Proportional to share holding.

Weighted voting - meaning contri to WB financial resource

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5
Q

Condition for joining WB?

A

Have to be member of IMF first

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6
Q

World Bank consist of?

A

IBRD + IDA

While WBG consist all

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7
Q

World Bank focus?

A

Developing countries - human development

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8
Q

what is IBRD?

A

Multilateral body for post war constriction after international ratification of Bretton woods agt

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9
Q

What loans IBRD and IDA offer?

A

Loans at soft rates + grants to poorest countries

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10
Q

Purpose for which IBRD and IDA give loans

A

Specific projects with wider policy changes

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11
Q

IBRD focus?

A

Middle income and credit worthy poor countries

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12
Q

IDA focus?

A

poorest countries

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13
Q

What is IDA?

A

Estb 1960 to help poorest in response to 80% poorest countries receiving interest free loans.
Repayment - 25-40 years, 5-10 grace years period
To countries at high risk of debt distress

Funded by - member countries + fund from borrowers repayment, IBRD
Donor meet /3 year.
Eligibility - Relative poverty defined as PCI

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14
Q

What is IFC focus?

A

Focus pvt sector in developing countries - pvt sector arm of WBG

eco dev by investing in profit commercial project
No uniform rate of interest - negotiated case basis

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15
Q

Source of IFC funds?

A

Mostly debt obligations - from international financial markets with 7-12 years maturity

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16
Q

India and IFC?

A

Largest exposure. Areas - nvest in climate for pvt sector
financial inclusion
RE

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17
Q

What is MIGA?

A

Promote FDI in developing countries

Isnuring investor against non commercial pol risks

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18
Q

India member of MIGA?

A

Yes.

It advise govt on investment attraction

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19
Q

Global trade Finance Programme

A

IFC
guarantee to cover payment risk for emerging market banks
India one of founding members

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20
Q

What is ICSID?

A

Faciliate reconciliation and arbitration of investment disputes
B/w Member countries and indiv investors

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21
Q

India and ICSID?

A

India not member

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22
Q

India constitution on borrowing

A

Not allow states directly borrow from WB. SG -> CG -> WB

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23
Q

IMF v/s WB

A

IMF - single institution. WBG - 5
IMF - intl monetary system. WBG - promote eco dev
IMF - xchg rate and monetary stability. WBG - encourage pvt
IMF - Assist BoP bailout by short term lending. WBG - financial resource, intl bond market
IMF - resource from quota subscription. WBG - insurance and arbitration wings

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24
Q

What is BW 2.0

A

Originally BW. needed for post war reconstruction.
redefined and refocused
democratised
Merit based apt needed
expand IMF role and be lender of last resort
Make SDR more central too Intl monetary system

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25
Q

What is G7?

A 
CN US FR GR UK IT JP 
Eu represented
Major advanced economies as per IMF 
less than 64% global wealth 
1st summit - Rambouillet France
26
Q

ADB HQ?

A

Manilla

27
Q

ADB modelled on?

A

WBG

SImilar weighted voting based on subscription

28
Q

What is ADB

A

Multilateral lending agency

Borrow from international capital market

29
Q

Largest donors of ADB?

A

US Japan
India - 6% voting rights - 4th
US - 1st, JP 2nd

30
Q

Loans of ADB?

A

Hard loans - MIC

Soft loans - LIC

31
Q

Country Partnership strategy - what is it

A

Reduce poverty in asia pacific
3 pillars - CC adress
inclusive infra
boost eco competitiveness + jobs

32
Q

SASEC india member or not?

A

Yes

33
Q

ADB criticism

A

Its project env damage

34
Q

ADB finance to?

A

State + Pvt

35
Q

European central bank role?

A

Administer Monetary policy in Eurozone

36
Q

ECB decision making body?

A

Governing council

37
Q

Governing council of ECB consist?

A

Governor of member CBs

Executive Board

38
Q

Executive Board of ECB functions?

A

Day to Day function
Has president Vice president
+ 4 members apt / nominated by members

39
Q

ECB function?

A

Set interest rate at which lend to banks in Eurozone
authorise production of Euro bank notes
safety and soundness of European banking system

40
Q

What is NDB

A

aka BRICS development bank

41
Q

Focus of NDB?

A

Infrastructure

42
Q

Capital of NDB

A

starting capital 50 billion - to be increased to 100 billion
Each initially pay 10 billion dollars

43
Q

Voting in NDB

A

WB - votes on capital shares

NDB - Each 1 vote, no veto

44
Q

Who can be members of NDB

A

Countries other than BRICS can also be members

Some countries from south on Board on rotational basis - have voting rights

45
Q

Effect of new members on voting share of NDB BRICS member

A

New member can join but share of BRICS not decrease

46
Q

HQ of NDB

A

Shanghai

47
Q

NDB finance to

A

both sovereign and private

48
Q

What is AIIB

A

87 member 2016
Boost eco dev in asia to create wealth
Provide infra, regional cooperation

49
Q

HQ AIIB

A

Beijing

50
Q

AIIB started with

A

100 billion

51
Q

Capital of AIIB

A

2/3rd capital of ADB and half of WB

52
Q

Voting rights in AIIB which has more?

A

China 30% > India 7.5% > Russia

53
Q

What is OECD?

A

1961 HQ Paris
Stimulate economic pragmatism and world trade
Latvia join 2015
Member committed to Democracy and Mkt economy
Most OECD - high income high HDI

54
Q

India and OECD

A

not member. it is observer

55
Q

What is EBRD?

A

International financial institution started in 1991

to Build market economies

56
Q

EBRD focus?

A

Initially east block countries

Expanded to central asia and central europe

57
Q

Member in EBRD?

A

From North america, Europe, Asia, africa, australia
65 countries
2 european institutions

58
Q

Largest Shareholder of EBRD

A

US

59
Q

EBRD HQ?

A

London

60
Q

EBRD support

A

Public sector and private investment

Economy (8 decks)

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