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    Sir Mubeen

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    A. Bilal Saleem
    The World Bank was established in 1944 to provide financing and advice to support development projects in member countries. It is owned by 184 member countries and lends at lower interest rates than commercial banks to help countries fight poverty. Unlike a commercial bank, the World Bank borrows money to lend and provides longer repayment periods for its loans. Its goal is to support countries' development strategies rather than maximize profits.

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    Sir Mubeen

    Uploaded by

    A. Bilal Saleem
    39 views5 pages
    The World Bank was established in 1944 to provide financing and advice to support development projects in member countries. It is owned by 184 member countries and lends at lower interest rates than commercial banks to help countries fight poverty. Unlike a commercial bank, the World Bank borrows money to lend and provides longer repayment periods for its loans. Its goal is to support countries' development strategies rather than maximize profits.

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    The World Bank was established in 1944 to provide financing and advice to support development projects in member countries. It is owned by 184 member countries and lends at lower interest rates than commercial banks to help countries fight poverty. Unlike a commercial bank, the World Bank borrows money to lend and provides longer repayment periods for its loans. Its goal is to support countries' development strategies rather than maximize profits.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    39 views5 pages

    Sir Mubeen

    Uploaded by

    A. Bilal Saleem
    The World Bank was established in 1944 to provide financing and advice to support development projects in member countries. It is owned by 184 member countries and lends at lower interest rates than commercial banks to help countries fight poverty. Unlike a commercial bank, the World Bank borrows money to lend and provides longer repayment periods for its loans. Its goal is to support countries' development strategies rather than maximize profits.

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    WHAT IS THE PURPOSE OF THE WORLD BANK?

    The World Bank is one of the world’s largest sources of funding and knowledge to support
    governments of member countries in their efforts to invest in schools and health centers, provide
    water and electricity, fight disease and protect the environment.

    The World Bank is not a ‘bank’ in the common sense. The World Bank is an international
    organization owned by the 184 countries ¾ both developed and developing ¾ that are its
    members.

    Since it was set up in 1944 as the International Bank for Reconstruction and Development. The
    number of member countries increased sharply in the 1950s and 1960s, when many countries
    became independent nations. As membership grew and their needs changed, the World Bank
    expanded and is currently made up of five different agencies.

    All support to a borrowing country is guided by a single strategy that the country itself designs with
    help from the World Bank and many other donors, aid groups, and civil society organizations.

    WHAT IS THE DIFFERENCE BETWEEN THE WORLD BANK AND A


    COMMERCIAL BANK?

    While it lends and even manages funds much like a regular bank, the World Bank is different in
    many important ways. It is owned by 184 countries. The financial support and advice the World
    Bank provides its member countries is designed to help them fight poverty. And unlike commercial
    banks, the World Bank often lends at little or no interest to countries that are unable to raise money
    for development anywhere else.

    Countries that borrow from the World Bank also have a much longer period to repay their loans
    than commercial banks allow. In some cases, they don’t have to start repaying for ten years.

    Basically, the World Bank borrows the money it lends. It has good credit because if has large, well-
    manages financial reserves. This means it can borrow money at low interest rates from capital
    markets all over the world and channel it to developing countries, often at much lower rates of
    interest than what markets would charge these countries.
    Economic Comparison of Pakistan 1960-2005

    RATE OF DOLLAR AS COMPARE TO PAKISTANI CURRENCY

    Year Gross US Dollar Inflation Per Capita


    Domestic Exchange Index Income
    Product (2000=100) (as % of
    USA)
    1960 20,058 4.76 Pakistani 3.37
    Rupees
    1965 31,740 4.76 Pakistani 3.40
    Rupees
    1970 51,355 4.76 Pakistani 3.26
    Rupees
    1975 131,330 9.91Pakistani 2.36
    Rupees
    1978 283,460 9.97 Pakistani 21 2.83
    Rupees
    1985 569,114 16.28 30 2.07
    Pakistani
    Rupees
    1990 1,029,093 21.41Pakistan 41 1.92
    i Rupees
    1995 2,268,461 30.62 68 2.16
    Pakistani
    Rupees
    2000 3,826,111 51.64 100 1.54
    Pakistani
    Rupees
    2005 6,581,103 59.86 126 1.71
    Pakistani
    Rupees
    GDP - composition by sector

    21%

    agriculture
    Industry
    55% Services

    24%

    Inflation rate in pakistan


    2008 2009 2010* 2011**
    12% 13.5% 20.8% 11.7%

    Comparison with India


    DATA ON GDP AND ECONOMIC INFORMATION

    Central bank Reserve Bank of India

    International Reserves US$ 293.12 billion (Source: IMF; Data updated: November
    2010)

    Gross Domestic Product - GDP US$ 1.430 trillion (2010 estimate)

    GDP (Purchasing Power Parity) 4.001 trillion of International dollars (2010


    estimate )

    Real GDP growth

    2000 2001 2002 2003 2004 2005 2006 2007


    4.4% 3.9% 4.6% 6.9% 8.1% 9.2% 9.7% 9.9%
    2008 2009 2010* 2011**
    6.4% 5.7% 9.7% 8.4%

    GDP per capita - current prices US$ 1,176 (2010 estimate)

    GDP - composition by sector

    agriculture: 17%

    industry: 28.2%

    services: 54.9% (2009)

    Inflation

    2008 2009 2010* 2011**


    8.3% 10.9% 13.2% 6.7%

    Unemployment rate

    2008 2009 2010* 2011**


    N/A N/A N/A N/A

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