WORLD
BANK
o IBRD - the International Bank for Reconstruction and Development o IDA -International Development Association o IFC - International Finance Corporation o MIGA - Multilateral Investment Guarantee Agency o ICSID - International Centre for Settlement of Investment Disputes |
INTRODUCTION | The World Bank www.worldbank.org
is not one single entity but rather a group of five institutions
In their own words
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World
Bank
IMF for the BRICS nations |
2014
July
BRICS nations
One of the things the BRICS made a point of announcing is that the management of the bank will be "democratic", while pointing out that the IMF and the World Bank are run mostly by Europeans and North Americans. source
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KEY POINTS | ..... | The activities
of the World Bank, particularly the International Bank for Reconstruction
and Development, are important to international businesses because the
projects, paid for by the bank, are projects that many companies can be
involved in.
Simply put, a Canadian company can make money exporting, or, it can make money by being paid to do something in a developing country - with the money coming from the World Bank. Both the IMF and the World Bank have become increasingly popular in the business media as people recognize the power and influence of these organizations. This "exposure" has not always resulted in favourable reflections on these two institutions since they have been criticized for interferring in a way which has had either negative results for the receiving country, or negative results for the supporting country. Therefore, both the World Bank and the IMF have embarked on some public relations activities and you can see this in their respective web sites. WTGR |
Check out
"Ten Things You Never Knew About The World Bank" eg. 1. The World Bank is the world's largest external funder of education 2. The World Bank is the world's largest external funder in the fight against HIV/AIDS 3. The World Bank is the world's largest external funder of health programs "8. The World Bank's priorities have changed dramatically
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Reports | The World Bank
produces a number of widely reports on development issues
WDR 2012: Gender Equality and Development The 2012 World Development Report on Gender Equality and Development finds that women's lives around the world have improved dramatically, but gaps remain in many areas. The authors use a conceptual framework to examine progress to date, and then recommend policy actions. WDR 2011: Conflict, Security, and Development wdr2011.worldbank.org/ Conflict causes human misery, destroys communities and infrastructure, and can cripple economic prospects. The goal of this World Development Report is to contribute concrete, practical suggestions to the debate on how to address and overcome violent conflict and fragility. World
Bank Development Report 2010 video
World
Bank Development Report 2009 video
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Rural
Economic Development Projects |
The World Bank
provides assistance to many countries in the Caribbean and Latin America.
One of the significant categories of assistance is improving market access
- simply meaning things to help farmers sell their products and services.
Improving market access can mean assistance to build
http://www.caribbeannetnews.com/news-19214--9-9--.html Jamaica - Rural Economic
Development Initiative Project : environmental assessment and environmental
management framework
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Disaster
Recovery |
The World Bank
provides assistance to many countries through the IBRD - the International
Bank for Reconstruction and Development
rehabilitation of:
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Disaster
Recovery |
The World Bank
through the IBRD - the International Bank for Reconstruction and Development
- some examples
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Doing
Business
with the World Bank |
The projects
and studies of the World Bank provide many opportunities for Canadian companies
to do business internationally.
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KEY
POINTS
re: IRAQ |
The origins of the World
Bank's IBRD - the International Bank for Reconstruction and Development
, lies in the rebuilding after the Second World War 1939-1945.
.
It is interesting for people studying International Business, and learning about NGOs like the World Bank, to see what happens with the World Bank involvement in Iraqi since it will provide examples of how this particular NGO works and the benefits and challenges that are involved. WTGR |
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see also www.globalpolicy.org/security/issues/iraq/attack/ consequences/2003/0411worldbank.htm |
This article,
written by Martin Crutsinger for Associated Press, was written April
11th, 2003, the day after the statue of Saddam was pulled down in Bagdad
- an event seen around the world - an event that caused many people to
express opinions on what would happen in the new Iraq.
It is valuable to read this article because it demonstrates how there is conflict between the World Bank and some of the large countries that have political and economic "agendas". Update - April 2006 - 3 years later, the World Bank is not so interested in Iraq due to the inability to bring peace to the region WTGR |
World
Bank Lobbying |
World Bank
Lobbying
Since the World Bank is often involved in helping countries recover from war, or some environmental disaster. Many times the recover focuses on restoring agriculture in the effected region. Agricultural exports are often key to sustaining most economies. Agricultural exports are tough to do in a competitive world effected by OECD nations that subsidize their farmers. The World Bank has taken
a position on this issue.
"Representatives from the World Bank [Aug 2002] urged the developed countries to cut their subsidies in agriculture, saying the subsidy element is a "major deterrent" to the development of all nations, especially the developing world." "Ian Johnson, World Bank vice president for sustainable development, made the remarks [Aug 2002] while outlining the World Bank's agenda of priorities for the World Summit on Sustainable Development (WSSD) ... Each year, 350 billion US dollars of taxpayer's money in the North are used as subsidies for agriculture, "preventing the Southfrom meeting its own obligations of agriculture," he told reporters..." |
World
Bank Criticism
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World Bank
wasting money ?
As reported in www.medicalnewstoday.com , and appearing in the British medical journal The Lancet ; April 2006, "According to a group of health experts, the World Bank published bogus financial and statistical accounts and squandered money on useless malaria treatment. The World Bank says the accusations are unfounded. " The authors of the accusation, Prof. Amir Attaran (University of Ottawa) and colleagues say that since 2000, the World Bank has: o Hidden
how much it spends on malaria
The report suggests that as the World Bank has no experts left, it should hand over $1 billion to other organizations which do have them, such as the Global Fund for AIDS Dr. Amir Attaran is a lawyer
and immunologist (DPhil, Oxford) who writes on public health and global
development issues. He serves as an Associate Professor and Canada Research
Chair in Law, Population Health, and Global Development Policy, University
of Ottawa.
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World
Bank rebuts
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Malaria
— is caused by a parasite carried by mosquitoes
— Associated Press explains that Malaria "..kills more than 1 million people a year, many of them young children in Africa, even though it is both preventable and treatable. As much as 40% of the world's population is at risk, mostly in poor countries, the World Health Organization said." The World Bank disputed many of the criticisms in the article by Attaran et al, acknowledging that its malaria programs have been understaffed and underfunded but insisting that the bank has learned from its mistakes and moved to set things right. World Bank officials insisted that the Attaran piece was "old news" and said that the bank will commit as much as $1 billion to the global fight against malaria worldwide with other partners in the next five years — with as much as half directed to Africa. While last year [2005] the bank had no one dedicated to the disease — which was noted in the report — now at least 40 people are working on malaria-related projects. |
World
Bank rebuts
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Damage control
?
- below is a screen capture from the World Bank's web page the day after the Attaran report was carried by all major media agencies |
World
Bank criticism
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Why
is the World Bank controversial?
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World
Bank criticism
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One of the things
that is challenging in teaching international business is to explain a
topic and avoid saying whether it is right or wrong.
Sometimes right and wrong is a matter of personal opinion and depends on your personal social-cultural circumstances. Sometimes wrong is just wrong when it comes to pollution and saving life. In the case of these large NGO's like the World Bank, IMF, OECD etc., some people have some very strong opinions against these organizations. To provide students with some balance from what they may read about on the World Bank site, I offer below one example of some of the negative opinions of the World Bank as found on the site www.globalexchange.org from
"5. The World Bank's emphasis on expanding exports has been disastrous for the environment. As part of the standard structural adjustment package, the World Bank encourages countries to expand their exports so they will have more hard currency (dollars, yen) to make payments on their foreign debts. But this leads countries to overexploit their natural resources. They cut down their forests, which contributes to the greenhouse effect. They pump chemicals onto their land to produce export crops such as coffee, tea and tobacco, thus poisoning their land and water. They rip minerals out of the ground at a frantic pace, endangering human lives and the environment in the process. They overfish coastal and international waters, depleting a resource of the global commons." emails for permission to quote from globalexchange.org, are kept in the permissions binder |
World
Bank projects C44
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World Bank
funded Projects
The World Banks institutions, the International Bank for Reconstruction and Development and the International Development Association, are involved in many activities across the globe. For example, the World Bank funds construction of schools and hospitals for countries effected by disasters, like the war in Iraq or the Tsunami. Who constructs these buildings ? - often it is North American or European construction companies in combination with local partners. In C44 you are required for the Mid-Term to research a Canadian company involved in int'l business. During the course of your research you should see if any activities related to some of the circumstances of the World Bank. For example, is there a Canadian food exporter sending food to some situation in another country receiving World bank funding? Is there a Canadian communications company supplying services to some U.N. agency that is responding to a disaster recovery situation which is being funding by the World Bank? Read the newspaper throughout the term to learn of stories like this – you can also search such stories looking in the news releases section of the websites of larger companies. WTGR |
read also http://www.cato.org/pubs/pas/pa092.htmlv
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