Swot Analysis Of World Bank Group

World Bank Group - the group that consists of five organizations created in different times and functionally united,organizationally and geographically, the purpose of which is providing financial and technical assistance to developing countries.

TheWorld Bank Group consists of:

• The International Bank for Reconstruction and Development – IBRD;

• The International Development Association - IDA ;

• International Finance Corporation – IFC;

• The Multilateral Investment Guarantee Agency - MIGA ;

• International Centre for Settlement of Investment Disputes - ICSID ;

The IBRD and IDA are the World Bank proper form.

The World Bank Group’s headquarter is in Washington, DC.

Foundation

The member organizations of the World Bank Group have been

The Multilateral Investment Guarantee Agency was created in 1988 to protect against the risks, primarily political; investments made in the financial assistance from the IBRD, IDA and IFC.

Organizational structure

The World Bank was created on the basis of a joint stock company whose shareholders are 185 member countries of the organization. Number of votes will depend on the share of participating countries in the capital of the Bank.

These shareholders are represented by the Board of Governors. The Board is the main decision-making body, determines the policy of the World Bank. The member countries are represented on the Governing Board, usually Finance Ministers. The Governing Council meets once a year during the Annual Meetings of the Boards of Governors of the World Bank and the International Monetary

Executive Directors form the Board of Directors, headed by the President of the Bank. The Board of Directors is submitted by five executive directors representing the interests of the Member States with the biggest stakes: the US, Japan, Germany, France and Britain. The rest of the 19 executive directors represent groups of countries participating in the World Bank.

President of the World Bank Group (to July 1, 2012 Dr. Jim Yong Kim) shall preside at meetings of the Board of Directors and is responsible for overall management of the World Bank Group. By tradition, the President of the World Bank becomes a citizen of the United States - a country that is the largest shareholder of the Bank. The President is elected by the Board of Governors for five years and may be re-elected. Five vice-presidents, including three senior vice-president and two executive vice-president are responsible for a specific sector.