International Organizations (Part – I)

The World Bank, on 12 January 2011, signed 220 million dollars agreement with the Bihar government for 'Bihar Kosi Recovery Project'.

On 2 November 2007, the World Bank signed an agreement with the Government of India to promote 'Rural Cooperative Structure, under which, the World Bank offered to provide a loan of 600 million dollars in 4 years.

On 2 November 2007, the World Bank signed three loan agreements with India for total assistance of 944 million dollars for strengthening the rural finance system, vocational training programmes and community-based water management projects. Rural roads and sanitation was not included in it.

National Agricultural Innovation Project (NAIP) was started by ICAR (Indian Council of of Agriculture Research) with the assistance of the World Bank in 2006. This project was implemented through four components:

1. ICAR as a catalyst in management of change in Indian NARS (National Agricultural Research System);

2 Research on production to consumption systems through value-chains approach;

3. Research on sustainable rural livelihood security including sustainable land and ecosystem management; and

4. Basic and strategic research in frontier areas of agriculture science.

'Green Index' was launched by the World Bank in 2009. It is the first ever eco-friendly stock market index that allows investors to track the 'Carbon efficiency' of companies doing business in emerging economies.

The "World Bank Group' is a family of five organizations. These are:

IBRD  - International Bank for Reconstruction and Development (1944)

IDA -  International Development Association (1960)

IFC -  International Finance Corporation (1956)

MIGA -  Multilateral Investment Guarantee Agency (1988)

ICSID -  (1988) International Centre for Settlement of Investment Disputes (1966)

The "World Bank Group' is a family of five organizations. These are:

IBRD  - International Bank for Reconstruction and Development (1944)

IDA -  International Development Association (1960)

IFC -  International Finance Corporation (1956)

MIGA -  Multilateral Investment Guarantee Agency (1988)

ICSID -  (1988) International Centre for Settlement of Investment Disputes (1966)

The World Bank (IBRD) was created at 1944 Bretton Woods Conference (United Nations Monetary and Financial Conference), along with the 'IMF'. But its governing document and membership became effective from 27 December, 1945. The headquarters of the 'World Bank' is located in Washington, D.C.

The World Bank (IBRD) was created at 1944 Bretton Woods Conference (United Nations Monetary and Financial Conference), along with the 'IMF'. But its governing document and membership became effective from 27 December, 1945. The headquarters of the 'World Bank' is located in Washington, D.C.

International Development Association (IDA) was established on 24 September, 1960. IDA is a member of the World Bank which offers concessional loans and grants to the world's poorest countries. IDA aims to reduce poverty by providing zero to low interest loans (called 'credits") and grants for programs that boost economic growth, reduce inequalities and improve people's living conditions.