The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purposes of economic development . The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group . It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference . After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction . For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by environmental and social safeguards.
73-632: Idamalayar Dam is a multipurpose concrete gravity dam located at Ennakkal between Ayyampuzha and Bhoothathankettu in Ernakulam district of Kerala on the Idamalayar , a tributary of the Periyar River in Kerala , South India . The dam however extends east as far as Malakkappara . Completed in 1985, with a length of 373 metres (1,224 ft) and a height of 102.8 metres (337 ft),
146-545: A Country Assistance Strategy is produced in cooperation with the local government and any interested stakeholders and may rely on analytical work performed by the bank or other parties. The World Bank's negative pledge clause prohibits its debtor countries from using public assets to repay other creditors before they repay the World Bank. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries . It
219-640: A balanced budget and give priority of debt repayment to the World Bank over other governments. World Bank staff closely monitored the use of the funds to ensure that the French government met the conditions. In addition, before the loan was approved, the United States Department of State told the French government that its members associated with the Communist Party would first have to be removed. The French government complied and removed
292-627: A catchment area of 381 km (147 sq mi) with a topography of high relief. The catchment receives annual rainfall of 6,000 millimetres (240 in), 90% of which occurs during the monsoon months of June to September. The dam is located 81 kilometres (50 mi) from Ernakulam in Ernakulam district and 10–12 kilometres (6.2–7.5 mi) from the Bhoothathankettu dam (literal meaning in Malayalam language : "monster dam") on
365-474: A gravity dam is built to support the weight of the dam and all the water, it is quite flexible in that it absorbs a large amount of energy and sends it into the Earth's crust. It needs to be able to absorb the energy from an earthquake because, if the dam were to break, it would send a mass amount of water rushing downstream and destroy everything in its way. Earthquakes are the biggest danger to gravity dams and that
438-432: A problem, as they can scour dam foundations. A disadvantage of gravity dams is that their large concrete structures are susceptible to destabilising uplift pressures relative to the surrounding soil. Uplift pressures can be reduced by internal and foundation drainage systems. During construction, the exothermic curing of concrete can generate large amounts of heat. The poorly-conductive concrete then traps this heat in
511-575: A range of areas from building schools to fighting disease, providing water and electricity, and environmental protection , and as such, they are linked to most of the Sustainable Development Goals . The World Bank has been criticized as promoting inflation and harming economic development . There has also been criticism of the bank's governance and response to the COVID-19 pandemic . The current president (starting in 2023)
584-414: A reservoir with a water spread of 28.3 km (10.9 sq mi). The reservoir has a gross storage capacity of 1,089.0 million cubic metres of which the effective storage is 1,017.8 million cubic metres. The spillway has been designed to pass a design flood discharge of 3,012.8 cubic metres per second (106,400 cu ft/s). The storage in the reservoir created behind the high concrete gravity dam
657-621: A result, reducing inequality, in this definition, had become an integral part of the World Bank’s objectives and effectively “broadened its mandate”. The World Bank has been criticized for not embracing the reduction of inequality (be it economic inequality within a country, or international inequality between countries) as a goal. Instead, the bank has taken an instrumental approach to the issue, in which inequality policies were seen as useful as long as they contributed to reducing (extreme) poverty or promoting average economic growth. As part of
730-512: A slow start for two reasons: it was underfunded, and there were leadership struggles between the US executive director and the president of the organization. When the Marshall Plan went into effect in 1947, many European countries began receiving aid from other sources. Faced with this competition, the World Bank shifted its focus to non-European allies. Until 1968, its loans were earmarked for
803-556: A time overrun of 9 years and consequent cost overrun of 285% resulting in a capital cost of Rs 2.81 per kWh of generation. While technical reasons for the delays were fully documented, the delay highlighted, however, was attributed to the "irrational behaviour of the organized militant labour". A High Level Committee set up by the Government of Kerala , which examined this issue, observed that the Idamalayar Dam project has been
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#1732781190316876-616: Is Ajay Banga who is known to support climate action , unlike his predecessor David Malpass . The World Bank was created at the 1944 Bretton Woods Conference , along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American . The World Bank and the IMF are both based in Washington, D.C., and work closely with each other. Although many countries were represented at
949-466: Is a dam constructed from concrete or stone masonry and designed to hold back water by using only the weight of the material and its resistance against the foundation. Gravity dams are designed so that each section of the dam is stable and independent of any other dam section. Gravity dams generally require stiff rock foundations of high bearing strength (slightly weathered to fresh), although in rare cases, they have been built on soil. Stability of
1022-402: Is a power tunnel of 1,700 metres (5,600 ft) length from where 2 penstock pipes takes the water to the power house. Two generators of 37.5 MW capacity produce the electricity. The units were commissioned in 1987 February. They generate 380 Million Units of power annually. There are two feeders from this Power house. First one is to Chalakudy and to Madakkathara from there and the second one
1095-651: Is based on economic size in addition to the International Development Association contributions. The following table shows the subscriptions of the top 20 member countries of the World Bank by voting power in the following World Bank institutions as of December 2014 or March 2015: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation (IFC),
1168-769: Is listed in the Registry of Research Data Repositories re3data.org. The World Bank also endorses the Principles for Digital Development . Together with the World Health Organization , the World Bank administers the International Health Partnership (IHP+). IHP+ is a group of partners committed to improving the health of citizens in developing countries. Partners work together to put international principles for aid effectiveness and development cooperation into practice in
1241-580: Is one of the projects included in this programme. However, the rehabilitation work on this dam is proposed to be taken up in the second stage. Idamalayar project is a low head Hydro Electric Scheme located in Ernakulam District. The power house is situated downstreams of the dam. Installed capacity of the Project is 75 MW. It is in the fifth position in Kerala in terms of Installed capacity. There
1314-471: Is picked up at the barrage constructed across the Periyar River at Bhoothathankettu and diverted through a canal system on the right bank of the barrage. The irrigation benefits envisaged covers an area of 14,394 hectares (35,570 acres) of wet and dry agricultural lands, out of which the cultivable command area is 13,209 hectares (32,640 acres). The project is under implementation since 1981. The cost of
1387-466: Is primarily voluntary. Based on an agreement between the United Nations and the World Bank in 1981, Development Business became the official source for World Bank Procurement Notices, Contract Awards, and Project Approvals. In 1998, the agreement was renegotiated, and included in this agreement was a joint venture to create an online version of the publication. Today, Development Business
1460-669: Is the largest and best-known development bank in the world and an observer at the United Nations Development Group . The bank is headquartered in Washington, D.C. , in the United States . It provided around $ 98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity. Total lending as of 2015 for
1533-489: Is the primary publication for all major multilateral development banks, U.N. agencies, and several national governments, many of which have made the publication of their tenders and contracts in Development Business a mandatory requirement. The World Bank collects and processes large amounts of data and generates them on the basis of economic models. These data and models have gradually been made available to
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#17327811903161606-665: Is to Malayattur , perumbavur and joins the power grid in Kalamassery . Irrigation benefits from the water stored in the Idamalayar Reservoir are proposed by utilizing the tail-race water released from the Idamalayar Power house. For this purpose, the project titled "The Idamalayar Irrigation Project" is under implementation. Under this project, the tail race discharge from the Idamalayar powerhouse
1679-434: Is utilized for power generation by diversion through a water conductor system comprising a 1,700 metres (5,600 ft) long power tunnel, surge shaft and two lines of penstocks connected to the turbines installed in a surface power station for generation of 75 MW of power with two units of 37.5 MW capacity each. Instrumentation is provided in the Idamalayar Dam and the observations carried out are analysed regularly to monitor
1752-470: Is why, every year and after every major earthquake, they must be tested for cracks, durability, and strength. Although gravity dams are expected to last anywhere from 50–150 years, they need to be maintained and regularly replaced. World Bank As of 2022 , the World Bank is run by a president and 25 executive directors, as well as 29 various vice presidents. IBRD and IDA have 189 and 174 member countries, respectively. The U.S., Japan, China, Germany and
1825-426: The 2030 Agenda , Sustainable Development Goal 10 aims at reducing inequalities within countries and among countries. World Bank officials participated in the negotiations for SDG 10 in the years prior to 2015. They advocated for the adoption of the bank's own preferred benchmarks. This ensured that other organizations would evaluate their success based on the bank’s own definition of inequality. Some have argued that
1898-484: The Communist coalition government —the so-called tripartite . Within hours, the loan to France was approved. From 1974 to 1980, the bank concentrated on meeting the basic needs of people in the developing world . The size and number of loans to borrowers greatly increased, as loan targets expanded from infrastructure into social services and other sectors. These changes can be attributed to Robert McNamara , who
1971-730: The International Development Association (IDA), and the Multilateral Investment Guarantee Agency (MIGA). Member countries are allocated votes at the time of membership and subsequently for additional subscriptions to capital (one vote for each share of capital stock held by the member). The World Bank plays a significant role in global economic governance due to its broad mandate, its vast resource base, its frequent and regular interactions with governments as clients, and its myriad publications and databases. In 2020,
2044-1654: The Supreme Court of India sentenced R. Balakrishna Pillai and two others to a year in prison for abusing their positions when awarding the contracts. In the reservoir area of the Idamalayar Dam, several species of birds have been reported. The reservoir and surrounding areas are very rich in bamboo. The birds found are: heart-spotted woodpecker , common flameback , black rumped flameback , greater flameback , crimson-fronted barbet , Malabar grey hornbill , Malabar trogon , dollarbird , Oriental dwarf kingfisher , stork-billed kingfisher , common hawk cuckoo , plum-headed parakeet , Malabar parakeet , white-rumped needletail , brown-backed needletail , jungle owlet , green imperial pigeon , emerald dove , grey-fronted green pigeon , river tern , brahminy kite , hornbill , grey-headed fish eagle , black eagle , Oriental honey buzzard , rufous-bellied hawk-eagle , little heron , Asian openbill , fairy bluebird , small minivet , bar-winged flycatcher-shrike , black-naped monarch , Asian paradise flycatcher , Malabar whistling thrush , rusty-tailed flycatcher , white-bellied blue-flycatcher , Indian blue robin , chestnut-tailed starling , velvet-fronted nuthatch , great tit , dusky crag martin , red-rumped swallow , Asian koel , yellow-browed bulbul , Wayanad laughingthrush , dark-fronted babbler , rufous babbler , Nilgiri pipit , yellow-billed babbler , brown-cheeked fulvetta , plain flowerpecker , crimson-backed sunbird , and little spiderhunter . white bellied wood pecker Gravity dam A gravity dam
2117-467: The health sector . IHP+ mobilizes national governments, development agencies, civil society, and others to support a single, country-led national health strategy in a well-coordinated way. In September 2020, during the COVID-19 pandemic , the World Bank announced a $ 12 billion plan to supply "low and middle income countries" with a vaccine once it was approved. In June 2022, the bank reported that $ 10.1 billion had been allocated to supply 78 countries with
2190-653: The role of humans in climate change ". In 2023, a new president was appointed: Ajay Banga . His term began on 2 June 2023. He was supported by the American president Joe Biden partly because he supports climate action . He is also expected to help low-income countries deal with debts. He is the first Indian American to lead the bank. The vice presidents of the bank are its principal managers, in charge of regions, sectors, networks and functions. There are two executive vice presidents, three senior vice presidents, and 24 vice presidents. The boards of directors consist of
2263-491: The "victim of recurring and long inertial periods of labour unrest". There was also controversy over the contract awards. The government appointed Justice K. Sukumaran to inquire into allegations related to the Idamalayar and Kallada dam construction contracts. Based on his report, Minister R. Balakrishna Pillai and others were prosecuted by a Special Court. The Kerala high court later acquitted them, but in February 2011
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2336-478: The Bretton Woods Conference, the United States and United Kingdom were the most powerful in attendance and dominated the negotiations. The intention behind the founding of the World Bank was to provide temporary loans to low-income countries that could not obtain loans commercially. The bank may also make loans and demand policy reforms from recipients. In its early years, the bank made
2409-630: The Idamalayar Irrigation Development Project by diverting water released from the tail race channel of the Idamalayar power station. The Idamalayar Dam is located on the Idamalayar River, a tributary of the Periyar River in Kerala. Edamalayar originates in the Anamala Hills in Ernakulam district itself at elevation of 2,520 metres (8,270 ft). The river is a perennial source draining
2482-483: The Periyar River, which takes its name from local myths attributing its construction to demons who built it with the intention of submerging Thrikkariyoor temple . Based on detailed hydrological analysis, with observed data supplemented by rainfall-runoff correlation and prediction of low flows during dry months, the mean annual runoff was estimated as about 1,207 million cubic meters (million cubic metres) and that at 95% availability as 730 million cubic metres. Therefore,
2555-480: The U.K. have the most voting power. The bank aims loans at developing countries to help reduce poverty. The bank is engaged in several global partnerships and initiatives, and takes a role in working toward addressing climate change . The World Bank hosts an Open Knowledge Repository for its publications. In 2020, the World Bank’s total commitments amounted to USD 77.1 billion, it had 12,300 full-time staff, and it operated in 145 countries. World Bank projects cover
2628-588: The United States (15.85%), Japan (6.84%), China (4.42%), Germany (4.00%), the United Kingdom (3.75%), France (3.75%), India (2.91%), Russia (2.77%), Saudi Arabia (2.77%) and Italy (2.64%). Under the changes, known as 'Voice Reform – Phase 2', countries other than China that saw significant gains included South Korea , Turkey, Mexico , Singapore, Greece , Czech Republic , Hungary , Brazil, India , and Spain. Most developed countries' voting power
2701-481: The World Bank Group president and 25 executive directors. The president is the presiding officer, and ordinarily has no vote except to break a tie. The executive directors as individuals cannot exercise any power or commit or represent the bank unless the boards specifically authorized them to do so. With the term beginning 1 November 2010, the number of executive directors increased by one, to 25. In 2020,
2774-469: The World Bank had 12,300 full-time staff, and it operated in 145 countries. Some notable politicians who worked for the World Bank include: The International Bank for Reconstruction and Development (IBRD) has 189 member countries, while the International Development Association (IDA) has 174. Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within
2847-457: The World Bank reduced the transformative potential of SDG 10 during the agenda-setting stage. The bank has stated its ambition to help catalyze the SDGs through “thought leadership, global convening, and country-level uptake”. In general, the World Bank strategically uses the power of the Sustainable Development Goals (SDGs) in its favor to reinforce its own policies or interests while minimizing
2920-703: The World Bank's 2012 annual meeting in Tokyo, a review of these safeguards was initiated, which was welcomed by several civil society organisations. As a result, the World Bank developed a new Environmental and Social Framework, which has been in implementation since 1 October 2018. The World Bank or the World Bank Group is also a sitting observer in the United Nations Sustainable Development Group . Beginning in 1989, in response to harsh criticism from many groups,
2993-404: The World Bank’s total commitments amounted to USD 77.1 billion and it operated in 145 countries. World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection , and as such, they are linked to most of the Sustainable Development Goals . As a guideline to the World Bank's operations in any particular country,
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3066-550: The assessment of dry weather flows is relevant for irrigation. Further, Idamalayar storage is being supplemented from diversion of flows from the Peringalkuthu Reservoir during the monsoon season through the Vachumaram diversion canal constructed during 1997. The water stored in the reservoir is used for energy generation during the monsoon season by adopting a suitable reservoir operational schedule so that
3139-537: The bank (such as IDA). The five United Nations member states that are not members of the World Bank are Andorra, Cuba, Liechtenstein, Monaco, and North Korea. Kosovo is not a member of the UN, but is a member of the IMF and the World Bank Group, including the IBRD and IDA. In 2010, voting powers at the World Bank were revised to increase the voice of developing countries, notably China. The countries with most voting power are now
3212-526: The bank began including environmental groups and NGOs in its loans to mitigate the past effects of its development policies that had prompted the criticism. It also formed an implementing agency, in accordance with the Montreal Protocols, to stop ozone-depletion damage to the Earth's atmosphere by phasing out the use of 95% of ozone-depleting chemicals, with a target date of 2015. Since then, in accordance with its so-called "Six Strategic Themes",
3285-563: The bank has put various additional policies into effect to preserve the environment while promoting development. For example, in 1991, the bank announced that to protect against deforestation , especially in the Amazon , it would not finance any commercial logging or infrastructure projects that harm the environment. For the poorest developing countries in the world, the bank's assistance plans are based on poverty reduction strategies ; by combining an analysis of local groups with an analysis of
3358-449: The bank's Chief Economist, Hollis B. Chenery , with Anne Krueger was an example of this new focus. Krueger was known for her criticism of development funding and for describing developing countries' governments as " rent-seeking states". During the 1980s, the bank emphasized lending to service debt of developing countries, and structural adjustment policies designed to streamline the economies of developing nations. UNICEF reported in
3431-410: The bank. Traditionally, based on a tacit understanding between the United States and Europe, the president of the World Bank has been selected from candidates nominated by the United States, the largest shareholder in the bank. This is significant because the World Bank tends to lend more readily to countries that are friendly with the United States, not because of direct U.S. influence but because of
3504-400: The chance of being itself reshaped or transformed by these goals. Scholars found that the World Bank used the growing momentum of the (SDGs) to further its strategic objectives without being influenced by the SDGs in turn. Also, the bank engaged with the SDGs selectively; efforts to integrate the goals into organizational practices remained limited; and their inclusion in country-level processes
3577-437: The construction of infrastructure works, such as seaports, highway systems, and power plants, that would generate enough income to enable a borrower country to repay the loan. In 1960, the International Development Association was formed (as opposed to a UN fund named SUNFED), providing soft loans to developing countries . Before 1974, the reconstruction and development loans the World Bank made were relatively small. Its staff
3650-574: The country's financial and economic situation the World Bank develops a plan pertaining to the country in question. The government then identifies the country's priorities and targets for the reduction of poverty, and the World Bank instigates its aid efforts correspondingly. Forty-five countries pledged US$ 25.1 billion in "aid for the world's poorest countries", aid that goes to the World Bank International Development Association (IDA), which distributes
3723-646: The dam created a multipurpose reservoir covering 28.3 km (10.9 sq mi) in the scenic hills of the Anamalais . The reservoir storage is utilized by a hydroelectric power station which has an installed capacity of 75 MW with two units of 37.5 MW capacity, producing an annual energy output of 380 GW·h . The large reservoir created by the Idamalayar Dam is operated by the Kerala State Electricity Board to augment its peak power generation requirements. The dam will benefit
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#17327811903163796-442: The dam primarily arises from the range of normal force angles viably generated by the foundation. Also, the stiff nature of a gravity dam structure endures differential foundation settlement poorly, as it can crack the dam structure. The main advantage to gravity dams over embankments is the scour -resistance of concrete, which protects against damage from minor over-topping flows. Unexpected large over-topping flows are still
3869-406: The dam structure for decades, expanding the plastic concrete and leaving it susceptible to cracking while cooling. It is the designer's task to ensure this does not occur. Gravity dams are built by first cutting away a large part of the land in one section of a river, allowing water to fill the space and be stored. Once the land has been cut away, the soil has to be tested to make sure it can support
3942-406: The employees of the World Bank. In 2012, for the first time, two non-US citizens were nominated. The nominee is subject to confirmation by the board of executive directors to serve a five-year, renewable term. While most World Bank presidents have had banking experience, some have not. On 23 March 2012, U.S. president Barack Obama announced that the United States would nominate Jim Yong Kim as
4015-468: The foundation's support strength: the Westergaard, Eulerian, and Lagrangian approaches. Once the foundation is suitable to build on, construction of the dam can begin. Usually gravity dams are built out of a strong material such as concrete or stone blocks, and are built into a triangular shape to provide the most support. The most common classification of gravity dams is by the materials composing
4088-730: The last 10 years through Development Policy Financing was approximately $ 117 billion. Its five organizations are: The first two are sometimes collectively referred to as the World Bank. To ensure that World Bank-financed operations do not compromise these goals but instead add to their realisation, the following environmental, social, and legal safeguards were defined: Environmental Assessment, Indigenous Peoples, Involuntary Resettlement, Physical Cultural Resources, Forests, Natural Habitats, Pest Management, Safety of Dams, Projects in Disputed Areas, Projects on International Waterways, and Performance Standards for Private Sector Activities. At
4161-518: The late 1980s that the structural adjustment programs of the World Bank had been responsible for "reduced health, nutritional and educational levels for tens of millions of children in Asia , Latin America , and Africa ". The president of the bank is the president of the entire World Bank Group . The president is responsible for chairing meetings of the boards of directors and for overall management of
4234-450: The live storage in the reservoir was fixed at 1,032.3 million cubic metres. However, subsequent to the commissioning of the project in 1987, availability of the flows was reassessed. It was noted that flows reduced to 1,178 million cubic metres in dry season and reached 4,361 million cubic metres during the monsoon. The total annual flow was assessed as 5,539 million cubic metres. As irrigation requirements are not critical during monsoon season
4307-731: The loans to eighty poorer countries. Wealthier nations sometimes fund their own aid projects, including those for diseases. Robert B. Zoellick, the former president of the World Bank, said when the loans were announced on 15 December 2007, that IDA money "is the core funding that the poorest developing countries rely on". World Bank organizes the Development Marketplace Awards , a grant program that surfaces and funds development projects with potential for development impact that are scalable and/or replicable. The grant beneficiaries are social enterprises with projects that aim to deliver social and public services to groups with
4380-466: The lowest incomes. In 2013 the bank adopted the concept of Shared Prosperity as one of the World Bank’s “Twin Goals” for that year, with the other one focusing on poverty reduction, aiming to reduce the share of people in extreme poverty to 3 percent of the global population by 2030. The bank defined Shared Prosperity as increasing the income of the bottom 40 percent of the population in each country. As
4453-405: The next president of the bank. Jim Yong Kim was elected on 27 April 2012 and reelected to a second five-year term in 2017. He announced that he would resign effective 1 February 2019. He was replaced on an interim basis by now-former World Bank CEO Kristalina Georgieva , then by David Malpass on 9 April 2019. David Malpass faced criticism in 2023 as he had "sparked outcry by appearing to question
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#17327811903164526-442: The project situated in scenic forest area also provides recreational benefits of boating in the reservoir, bird watching and trekking. The Idamalayar Dam project was started in 1970 and completed after 17 years. In an analysis carried out in 2001 on the reasons for the delay in completion of Hydropower Projects resulting in immense cost overruns in Kerala, it was noted that the Idamalayar project could be commissioned only in 1987 with
4599-543: The project was initially Rs 18.5 crores (about US$ 411.11 million), which as per latest reports of 2007 is stated to be Rs. 539.50 crores (US$ 1198.9 million). According to the Annual Plan 2010–2011 of the State Government, substantial work of the main canal, the low level canal and the link canal still needs to be completed to derive full planned benefits of irrigation. Apart from power and irrigation benefits,
4672-545: The public in a way that encourages reuse, whereas the recent publications describing them are available as open access under a Creative Commons Attribution License , for which the bank received the SPARC Innovator 2012 award. The World Bank hosts the Open Knowledge Repository as an official open access repository for its research outputs and knowledge products. The World Bank's repository
4745-664: The safety of the structure. However, a rehabilitation project envisaging improving the safety and operational performance of selected structures such as dams, barrages and regulators, which covers 19 projects under the Irrigation Department and 12 projects of the Kerala State Electricity Board, has been approved under the World Bank funded "Dam Rehabilitation and Improvement Project (DRIP)" to be implemented from January 2011. Idamalayar Dam
4818-408: The structure: Composite dams are a combination of concrete and embankment dams . Construction materials of composite dams are the same used for concrete and embankment dams. Gravity dams can be classified by plan (shape): Gravity dams can be classified with respect to their structural height: Gravity dams are built to withstand some of the strongest earthquakes . Even though the foundation of
4891-542: The vaccine The US Treasury has committed $ 667 million for the World Bank's global Pandemic Fund, a third of the $ 2 billion the fund hopes to raise. The Pandemic Fund, established in September 2022, is a collaborative initiative among countries, implementing partners, philanthropies, and civil society organizations. It aims to fund investments that address critical gaps in pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with
4964-442: The water diverted from the diversion canal is not spilled out. The dam built across the Idamalayar River is a gravity concrete structure with a total height of 102.80 metres (337.3 ft) above the deepest foundation level with a length of 373 metres (1,224 ft) at the crest level. The full reservoir level is elevation 169 metres (554 ft) and the minimum draw down level (MDDL) is 115 metres (377 ft). The dam has created
5037-407: The weight of the dam and the water. It is important to make sure the soil will not erode over time, which would allow the water to cut a way around or under the dam. Sometimes the soil is sufficient to achieve these goals; however, other times it requires conditioning by adding support rocks which will bolster the weight of the dam and water. There are three different tests that can be done to determine
5110-549: Was appointed to the presidency in 1968 by Lyndon B. Johnson . McNamara implored bank treasurer Eugene Rotberg to seek out new sources of capital outside of the northern banks that had been the primary sources of funding. Rotberg used the global bond market to increase the capital available to the bank. One consequence of the period of poverty alleviation lending was the rapid rise of debt of developing countries . From 1976 to 1980, developing world debt rose at an average annual rate of 20%. The World Bank Administrative Tribunal
5183-443: Was aware of the need to instill confidence in the bank. Fiscal conservatism ruled, and loan applications had to meet strict criteria. The first country to receive a World Bank loan was France in 1947. The bank's president at the time, John McCloy , chose France over two other applicants, Poland and Chile. The loan was for US$ 250 million, half the amount requested, and came with strict conditions. France had to agree to produce
5256-421: Was established in 1980, to decide on disputes between the World Bank Group and its staff where allegation of non-observance of contracts of employment or terms of appointment had not been honored. McNamara was succeeded by U.S. President Jimmy Carter 's nominee, Alden W. Clausen , in 1980. Clausen replaced many members of McNamara's staff and crafted a different mission emphasis. His 1982 decision to replace
5329-454: Was reduced, along with a few developing countries such as Nigeria . The voting powers of the United States, Russia and Saudi Arabia were unchanged. The changes were brought about with the goal of making voting more universal in regards to standards, rule-based objective indicators, and transparency among other things. Now, developing countries have an increased voice in the "Pool Model", backed especially by Europe. Additionally, voting power
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