Page 268 - DMGT401Business Environment

Unit 12: International Monetary Fund

3. Support vaccination and immunisation programs to reduce the incidence of communicable Notes
diseases like malaria
4. Combat the HIV/AIDS pandemic

5. Support civil society organizations
6. Create initiatives to cut the emission of greenhouse gasses

Analytic and Advisory Services

IBRD also provides analysis, advice and information to member countries. IBRD does this in
several ways – through economic research on broad issues such as the environment, poverty,
trade and globalisation and through country-specific economic and sector work, where it
evaluates a country's economic prospects by examining its banking systems and financial markets,
as well as trade, infrastructure, poverty and social safety net issues.
IBRD has a big knowledge bank which contains wealth of contacts, knowledge, information and
experience that it has acquired over the years, country by country and project by project. Through
its knowledge bank it educates clients so that they can solve their development problems and
promote economic growth.
Following are some more ways through which it provides analyses, advice and knowledge to
members:

1. Poverty Assessment
2. Social and Structural Reviews
3. Public Expenditure Reviews
4. Sector Reports

5. Country Economic Memoranda
6. Knowledge Sharing

12.2.3 Organisation of World Bank

Board of Governors

The World Bank is like a cooperative, where its 184 member countries are shareholders. The
shareholders are represented by a Board of Governors, who are the ultimate policy makers at
the World Bank. Generally, the governors are member countries' ministers of finance or ministers
of development. They meet once a year at the Annual Meetings of the Boards of Governors of the
World Bank Group and the International Monetary Fund. Board of Governors are responsible
for key decisions such as admission of new members, increase or decrease of capital stock,
suspension of member, cooperation with other international organizations, suspension of
working of bank, distribution of income of bank, etc.

Executive Directors

Because the governors only meet annually, they delegate specific duties to 24 Executive Directors,
who work on-site at the Bank. Before November 1, 1992, there were 22 Executive Directors, 17 of
whom were elected. In 1992, in view of the large number of new members that had joined the
Bank, the number of elected Executive Directors increased to 19. The two new seats, Russia and
a new group around Switzerland, brought the total number of Executive Directors to its present

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