World Bank (finished)

Question 1

Structure of the WB

Answer 1

Board of governors (185 members appoint their governor)

Executive directors (25, delegated by the governors)

Office of the President (President of the World Bank reports to the board of Executive Directors)

Question 2

What are the millennium development goals

Answer 2

Goal 1: wipe out extreme hunger
Goal 2: provide primary education
Goal 3: Equal rights for women
Goal 4: Reduce death rates of children
Goal 5: Improve maternal health
Goal 6: Combat HIV, malaria and ect.
Goal 7: Protec environment
Goal 8: Promote global partnership

Question 3

Early borrowers of the Bank

Answer 3

France borrowed 250$ million after the devastating loss of infrastructure that needed to be rebuilt after WW2, same goes for many of the countries affected by the war.

Question 4

The Bank agencies: the five groups

Answer 4

International Bank for Reconstruction and Development (IBRD)

International development association (IDA)

International Finance Corporation (IFC)

Multilateral Investment Guarantee Agency (MIGA)

International Center of the Settlement of Investment Disputes (ICSID)

Question 5

What is the IBRD

Answer 5

International Bank for Reconstruction and Development

Lends money to middle-income countries at desirable rates (lower than commercial banks)

Question 6

What is the IDA?

Answer 6

International Development Association

Provides interest-free loans (called credits) and grant to governments of the very poorest countries.

The money from IDA is a mixture of funding through donors and IBRD profits and repayments.

Question 7

Who are the largest shareholders of the WB?

Answer 7

US, Japan, Germany, France, UK. China

Question 8

what are the six strategic themes?

Answer 8

Poverty and growth (especially in Africa)

Post conflict states

Diversify development solutions for middle-income countries

Active role in regional and global public goods (cooperation)

Support advance development and opportunities in the Middle East

Bank as a “brain trust” of applied experience

Question 9

In the World Bank’s new approach to development they have what is called the Comprehensive Development Framework, what are the objectives of this plan?

Answer 9

Multi-sectoral cooperation
Focus on poverty reduction
Country ownership
Partnering with other organizations