Download - Assignment 1 Project Implementation and Change

8/8/2019 Assignment 1 Project Implementation and Change

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Farid Ahmad yasin9878448T 4/3/2009 19:51:00

Assignment 1

Introduction

The World Bank is one of the largest sources of development assistance to the

developing countries. It is currently working in more than 100 developingeconomies, bringing a mix of finance and ideas to improve living standards andeliminate the worst forms of poverty.

For each of its clients, the Bank works with government agencies, non-governmental organizations (NGOs), and the private sector to formulateassistance strategies. Its country offices worldwide deliver the Bank's program incountries; liaise with government and civil society, and work to increaseunderstanding of development issues.

Apart from the World Bank there are four regional development banks (RDBs),

whose goals and objectives are very similar to that of the World Bank but thesebanks just work for their region. These four regional development banks are asfollows.

1. Asian Development Bank (ADB)2. African Development Bank (ADB)3. Inter-American Development Bank (IDB)4. European Bank for Reconstruction and Development (EBRD)

Objectives

The World Bank and the four regional development banks share almost the sameobjective which is to act on the Millennium Development Goals (MDGs). Everybank chooses to act on these goals in their own way. Some working with thegovernment sector and some chooses to work more with the private sector likethe NGOs. The MDGs which the banks are working on are as follows.

1. End poverty and hunger2. Universal education3. Gender equality4. Child health5. Maternal Health6. Combat HIV/AIDS7. Environmental sustainability8. Global partnership

The goals today guide the efforts of virtually the World Bank and the RDBsworking in development and have been commonly accepted as a framework formeasuring development progress.


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As mentioned earlier the objectives of RDBs and World Bank are almost thesame but their priorities are different. The goals are sometime divided intodifferent parts by the development banks and the bank chooses according to acountry situation regarding which goal to choose first. For example Asiandevelopment bank may choose to act on ending poverty and hunger first while

EBRD chooses to act on environmental sustainability first.

Scope

The World Bank and the RDBs were formed to help the development ofcountries, so the scopes of these banks are very vast. Apart from working on theMDGs with the developing countries, these banks are also working with them ondifferent projects. These banks are working with the developing countries onprojects like anti corruption, nuclear safety etc.

Like Asian Development bank is working with the Pakistani government to

improve the infrastructure in Rawalpindi, also working on improving the conditionof national highway and has created an earthquake emergency assistance fund.These are the projects which are carried out along with the MDGshttp://www.adb.org/Documents/News/Prm/2006/prm-200601.asp .

Same goes for the World Bank and other RDBs. they are also carrying outdifferent projects along with the millennium goals. In summary it can be said thatif a project is beneficial for a developing country chances are that it will be fundedby either of these banks. Like the African development bank is doing a lot ofwork on the agricultural sector in African countries along with the MDGs.

Resources

According to the World Bank and the RDBs websites every bank needs funds tosurvive and the World Bank and the RDBs are like normal banks so these banksdraw their funds from the donor countries. For World Bank the major donorcountry is United States of America. For Asian development bank the majordonor is Japan. For African development bank (ADB) the major donors are non-African countries like United States of America, United Kingdom, France,Germany and the Netherlands. These are non- African countries but are stillmember of the African development bank. For IDB the major donors are Japan,

Canada, Spain and republic of Korea. Same goes for EBRD whose donorcountries originate from Europe.

Activities

The World Bank and all the four RDBs are involved in a number of differentactivities in different countries. As discussed earlier that apart from the


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millennium goals these banks encourage the developing countries to performdifferent tasks to improve their situation.

Some of these activities are fighting corruption in Eastern Europe by the EBRD.Building dams in Pakistan by the Asian development bank. Fighting aids and

poverty in Africa by the African development bank. Funding projects in LatinAmerican countries by the inter-American bank to provide housing andsettlement, providing of clean water and other facilities.

The World Bank does the same as well but on a bigger scale. There are manyprojects being funded to help the developing countries to over come naturaldisasters like the relief funds for Pakistan in 2005 after the massive earthquake.

Comparison

As mentioned earlier every bank is working towards the millennium goals butthey have their own priorities. The EBRD works more towards the sustainabilityand environment side while the Asian development bank and the Africandevelopment bank works more towards ending poverty and utilities like cleanwater and providing education to poor people.

For IDB the activities cover the entire spectrum of economic and socialdevelopment in Latin America and the Caribbean, with an emphasis on programsthat benefit low-income populations. The IDB finances both public and privatesector projects in the region.

The World Banks mission is to help developing countries and their people reachthe goals by working with our partners to alleviate poverty. They address globalchallenges in ways that advance an inclusive and sustainable globalizationthatovercome poverty, enhance growth with care for the environment, and createindividual opportunity and hope http://www.worldbank.org/.

Conclusion

It can be concluded that these banks play a very important role in theadvancement of a country. They help in projects which are very beneficial andprovide their support to countries when they need it. They have achieved manyfine achievements in different countries while working with the local governmentor the NGOs of that area.


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References

http://portal.unesco.org/education/en/ev.phpURL_ID=36690&URL_DO=DO_TOPIC&URL_SECTION=201.html

http://www.adb.org/Documents/News/Prm/2006/prm-200601.asp

http://www.iadb.org/projects/

http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,contentMDK:20040565~menuPK:1696892~pagePK:51123644~piPK:329829~theSitePK:29708,00.html

http://www.afdb.org/en/home/

http://www.adb.org/

http://www.ebrd.com/about/index.htm

http://www.worldbank.org/


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Download - Assignment 1 Project Implementation and Change

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