1. The World Bank and Internationl Monetary Fund

In this presentation I will try to show the diferences between these organisations. By different ways both do help to reduce global poverty and improve developement of poor countries. While IMF gives advises the WB is one who gives money to the countries.

2. WB – The World Bank

1818 H Street, NW, Washington, D.C, USA

The World bank is a stable source of financial and technical assistance to developing countries around the world.  Nobody should take the WB as bank in the common sense. The WB is made up of two unique institutions owned by 185 member countries – The International Bank for Reconstruction and Developement (IBRD) and the International Development Association (IDA). Each plays a different role during global poverty reduction and the improvement of living standards. Together provide low interest loans, interest free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.

The main bodies of the World bank is the President of WB, who is responsible for management of the bank. And the Executive Directors who make up the Boards of Directors of the WB who. All member states are shareholders represented by Board of Governers who meet once a year at annual meetings.

2. 1. The International Bank for Reconstruction and Development (IBRD)

• Established 1944 as the original instituion of World bank group,
• focuses on middle income and creditworthy poor countries
• developement through loans, guearantees, risk management product, analytical and advisory services,
• target to bring benefit to all 185 member countries,
• Annual meeting in september 2006 the WB ageed to make further improvements to services that provides to its members. As well agreed to meet more often as they want to satisfy all demands of middle-income countries.

2. 2. International Development Association (IDA)

–          focuses on the poorest countries in the world,

• established in 1960,
• provides interest free loans and grants for programs that help to ecomic growth, reduce inequality, and improve people living conditions,
• assists to 82 poorest countries, 39 of them are in Africa,
• IDA lends money (known as credits) on concessional (snižený) terms. This means that IDA credits have no interest charge and repayments are stretched over 35 to 40 years, including a 10-year grace (odkad) period.
• credits and grants have totaled US$161 billion, averaging US$7–9 billion a year in recent years and directing the largest share, about 50 percent, to Africa,

IDA at work:

§ Transport: Linking People to Markets and Services

Transport: Linking People to Markets and Services

• In the last 5 years, IDA has helped build, rehabilitate and maintain some 60,000 km of rural roads – linking over 60 million people to services and markets.

§Transport: Linking People to Markets and Services

• In the last 5 years, IDA has helped build, rehabilitate and maintain some 60,000 km of rural roads – linking over 60 million people to services and markets.

In the last 5 years, IDA has helped build, rehabilitate and maintain some 60,000 km of rural roads – linking over 60 million people to services and markets

• Ghana: Accelerating Growth to Halve Poverty

Ghana is currently one of the best-performing economies in Africa. By improving policies and institutions, and investing in infrastructure and basic services, Ghana has brought down poverty levels. Economic growth accelerated to 6 percent in 2005.Ghana looks set to achieve middle-income country status by 2015.

• Water: Managing Resources, Expanding Access

In 1995, more than half of Senegal’s population lived in urban areas, primarily in the capital, Dakar. In Dakar, water shortages were chronic, leaks persistent, sanitation barely existed in poor peripheral neighborhoods, and only 58 percent of the population had access through household connections to safe, piped water. In urban areas overall, that figure was 40 percent. About 1.6 million people living in cities gained access to safe water. Senegal’s level of connection to urban water services is now the highest in sub-Saharan Africa.

3. IMF – International Monetary Fund – 1945

700 19th St. NW, Washington, D.C

The IMF has 185 member countries. Was established to promote international monetary cooperation, exchange stability and orderly exchange arrangements; supports economic growth and high levels of employment; provide temporary financial assistance to help ease balance of payments.

The main objectives of IMF resear are to improve the analytical quality of the Fund´s work. Give advises to member countries as well as to contribute to research.

IMF technical assistance support the development of the productive resources of member countries by helping them to effectively manage their economic policy and financial affairs. The IMF helps these countries to strengthen their capacity in both human and institutional sources and to design better macroeconomic, financial and structural policies.

About 90 % of IMF technical assistance goes to low and lower middle income countries, particularly in sub-Saharan Africa and Asia. Together with Post-conflict countries who are also major beneiciaries. As well helps individual countries to reduce weaknesses and technical assistance also contributes to a stranger and stable global economy.

Zdroje:

• http://www.worldbank.org/
• http://www.imf.org/