The World Bank is a vital source of financial and technical assistance to countries around the world.

Their mission is to fight poverty with passion and professionalism for lasting results and to help people help themselves and their environment by providing resources, sharing knowledge, building capacity and forging partnerships in the public and private sectors. The World Bank, established in 1944, is headquartered in Washington, D.C. We have more than 10,000 employees in more than 100 offices worldwide.

 Singapore has a highly developed state capitalist mixed economy; It has an open business environment, relatively corruption-free and transparent, stable prices, low tax rates compared to other developed economies, and one of the highest per-capita gross domestic products (GDP) in the world. Its innovative yet steadfast form of economics that combines economic planning with free-market has given it the nickname the Singapore Model. Exports, particularly in electronics and chemicals, and services provide the main source of revenue for the economy, which allows it to purchase natural resources and raw goods which it does not have.

The World Bank Singapore office was opened on September 1, 1999. It was founded by former East Asia and Pacific Regional Vice-President, Mr. JeanMichel Severino, and Permanent Secretary of the Ministry of Finance of Singapore, Mr. Lim Siong Guan,

World bank has immensely supported Singapore, we have divided the effort on the basis of are :  Regional  Public  Private

Regional
ASEAN (Association of Southeast Asian Nations) has welcomed the World Bank's initiative to assist the regional bloc in: 1. Addressing emerging social development challenges and issues 2. Bring about rural development 3. Initiate programmes to eradicate poverty

Public Sector
The Singapore Cooperation Enterprise (SCE) was set up in May 2006 by the Ministry of Trade and Industry, and the Ministry of Foreign Affairs of Singapore in order to: 1. Share the nation s wealth of experience in the development of the nation 2. Learn about the development of public sector with association with interested foreign parties. The World Bank began initiating discussions with SCE in October 2007, primarily focusing on training and capacity building in collaboration with other government agencies.

Private Sector

1. Singapore has collaborated with the World Bank in areas of technical cooperation and training. 2. From 2002 to 2004, Singapore officially joined the list of Trust Fund donors with the launch of the Singapore Consultant Trust Fund (SCTF). 3. As a result, the bank was successful in tapping the skills of Singapore consultants to enhance the quality of its programs in developing countries 4.Since 2005, the Singaporean private sector has also developed a single point-ofaccess to the World Bank Group and its activities through the appointment of a Private Sector Liaison Officer (PSLO)at International Enterprise Singapore (IE Singapore).

5. In addition to a PSLO, IE Singapore and the World Bank have recently collaborated on a memorandum of understanding (MOU) on learning and knowledge-sharing programmes in human development for Africa. 6. In 2005, the International Organisations Business Association (INTOBA) was formed which is a grouping of Singapore-based businesses interested to network and partner with International Organizations . 7. It worked along with the international organizations to help developing countries through the sharing of Singapore s developmental experience and forging of partnerships between the public and private sectors

Harnessing Youth Potential

Singapore's population has more than 20 % is between the ages of 15 and 24. This calls for a powerful force that will change empower the youth to participate actively in development and decision-making. To bring about a youth awareness program, Singapore became a member of the Youth, Development & Peace (YDP) Network, an informal and inclusive network of youth organizations operating at the local, regional, and global levels that focuses on development and poverty eradication.

Overview of Nepal Nepal has made encouraging progress since it started to modernize its public administration and infrastructure over 50 years ago: 1.Net Primary Enrollment in schools has increased from 81 percent in 2002 to 89 percent in 2007. 2.Gender Parity Ratio in Primary Education improved from 0.66 in 1995 to 0.96 in 2007. 3.The Maternal Mortality Rate halved from 538 in 1996 to 281 in 2006. 4. The Infant Mortality Rate dropped from 79 in 1996 to 48 in 2006. 5. Full immunization coverage rose from 43 percent in 1996 to 83 percent in 2006.

With a GDP per capita of US$470 (estimated FY09), Nepal remains the poorest country in South Asia: Life expectancy at birth has increased, but at 63 years, it is still lower than its neighbouring South Asian countries. Infant mortality rates are among the highest in the region. Due to high maternal mortality, life expectancy for women is lower than for men. Gender disparities are also common when it comes to literacy. Only 26% of Nepal's women are literate, compared to 62% of men Nepal 's population of 28 million is growing at 2% per year, and the ratio of population to arable and is one of the highest in the world.

CHALLENGES TO BE FACED BY WORLD BANK IN NEPAL :

1.Poverty reduction is the main objective underlying the World Bank's activities in Nepal. 2. Over the last several years, the Bank s lending operations have been closely linked to macro-level, as well as sector-level, reforms, which are tied together in Nepal s national plans. 3. The Bank s method of operation is not to implement "World Bank projects" but to provide financing and advice for projects which are owned and supported by the Nepali people, and which are a logical part of a comprehensive and efficient overall development agenda.

The Three Themes of SUPPORT To Nepal : To promote peace and development, the ISN is organized around three themes that emerged during consultations within the Bank Group and with the Government, donor partners and civil society. These are : 1.The first theme addresses the state in adapting and constructing the systems, institutions, and capacities needed for the new Nepal. 2.The second focuses on overcoming constraints faced by the productive sector, especially in terms of productivity, connectivity and sustainability. 3.The third theme concentrates on expanding and honing programs and activities that can increase opportunities and well-being, especially for the poor and excluded.

Other Development Programs: 1. To stimulate broad-based economic growth, the World Bank s assistance focuses on removing some of the bottlenecks to growth, such as the excessive role of the state and lack of adequate infrastructure. 2. To improve agriculture , in 2010 , the Bank approved a Project for Agriculture Commercialization and Trade, aimed at improving the competitiveness of smallholder farmers and agribusinesses. 3. In the Energy Sector, the World Bank supports Nepal through a four-pronged approach designed to provide for energy requirements around Nepal.

4. The World Bank is also part of a unique partnership supporting Nepal s Biogas Sector Program. 5.In the Financial Sector, World Bank-financed projects are helping improve the supervisory functions of the central bank and stem the losses at the two of the largest public sector banks. 6. To accelerate human development, the Bank s assistance to Nepal has focused on improving the quality of education and health care. 7. Community-based projects, such as the Rural Water and Sanitation Project and the Poverty Alleviation Fund also help in achieving the goals. 8.The Social Safety Net Project was approved in 2008 to rapidly address the growing crisis in food-insecure districts.

Current Lending

The World Bank Group's operations in Nepal began in 1969 with a credit for a telecommunications project from the International Development Association (IDA), the World Bank's concessionary lending affiliate. Active credits and grants total US$1.04 billion as of January 31, 2010.

Comparative Analysis
INDICATOR NAME SINGAPORE 2001 2010 2001 NEPAL 2010

GNI per capita, PPP (current international $) Population, total GDP growth (annual %) Life expectancy at birth, total (years) Birth rate, crude (per 1,000 people) Employers, total (% of employment) Forest area (% of land area) Electric power consumption (kWh per capita)

32080

54700

840 2,49,98,406 4.8 62.43 31.58 3.8 62.80400438

1200 2,98,52,682 4.55 25.364 -

41,38,000 51,40,300 -2.39 78.35 11.8 5.2 7516.19 14.47 2.85 -

Conclusion
The approach followed by the World Bank towards a Developed Country and an under-developed country is absolutely different accruing to the economy and conditions prevailing in the country. Nepal basic infrastructure upon which the economy stands. With people dying out of hunger, strikes, riots, unhygienic conditions, etc, the role of an international agency like World Bank becomes of an utmost importance here. The same is not true for the developed countries where the focus shifts from bringing about an overall development to uplifting a handful of underdeveloped regions of the country. However, the struggle is to bring it in uniformity with other developed countries of the world by opening up its market to newer countries thereby making it a complete global economy.