Background guide World Bank
This background guide will help you to understand how the committee works and what the needs for all the people. This means that in COLMUN CALI 2012 the World Bank will be an institution when all the countries should participate to get some loans fordifferent projects that help with development and improve the conditions of the people that were very affected for the inequality and the financial crisis.
You have to remind that this guide is a starting point for orientation and help with some key points that you as a delegate, should take into account to understand the position of your country for the topic that the directors of thecommittee choose. As a result of the research the delegates send to the directors a position paper when shows all the aspects that the country consider important for the members of the committee and for the country itself, also delegates can prepare in this position paper a proposal for a loan that the country needs.
Delegates that represents countries that are actionist or countries with higherincome that don’t need the banks loans; should present the position paper and should think some questions that are fundamental at the moment of voting, also these countries will helps by making sure that all the proposals have the required information and if is the case, improves the loan proposals before all the delegates votes.
The committee will appreciate the effort and the hard work that youput in the position paper and the work that you do at the conference. If you need support or other information related with the committee you can write to firstname.lastname@example.org.
Rosa Isabel García Álvarez (president) and Adriana Vacca (vicepresident)
First is important to know the history of the bank and some key facts that you as a delegate should take into accountin order to represent the interest of your country.
The World Bank is a group that are compose by five international organizations responsible for providing finance and advice to countries for the purposes of economic development and eliminating poverty. The Bank came into existence on December 27th, 1945 following international ratification of the Bretton Woods agreements; which emerged fromthe United Nations Monetary and Financial Conference held from July 1 – 22, 1944. Commencing operations on June 25th, 1946, it approved its first loan on May 9th, 1947.
The five agencies of the World Bank Group are:
1. International Bank for Reconstruction and Development (IBRD)
2. International Development Association (IDA)
3. International Finance Corporation (IFC)
4.Multilateral Investment Guarantee Agency (MIGA)
5. International Centre for Settlement of Investment Disputes (ICSID)
However, the term “World Bank” is commonly used referring to the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). At COLMUN CALI 2012, we will always refer to this committee as the World Bank, because the twotopics that the directors choose are related with these two agencies. Each of the 5 institutions mentioned above plays a different but supportive role in the mission of global poverty reduction and the improvement of living standards. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries, while the International DevelopmentAssociation (IDA) focuses on the poorest countries in the world. Together they provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.
Technically the World Bank is part of the United Nations system, but its governance structure is different: each institution in the World Bank Group is owned by its...