The Analysis On Investment Scale, Structure, Benefit And Impact Factors Of The World Bank Agricultural Loan Projects In China

Foreign capital utilization in agricultural sector was an important step of the sector's opening up policy. World Bank agricultural loan projects in China played a key role in agriculture related foreign capital utilization and which was also the main financial resource among multi-international financial institutions. Over the past 20 years, lots of experience has gained from the implementation of World Bank and a great achievements has been obtained. In addition to bring the investment, the World Bank loan projects also brought a large amount of advanced technologies, equipment and management approaches.The analysis method has been adopted to analysis the scale, allocation and benefits of the World Bank agricultural loan projects in China. Loan allocation in each assigned phases and related features has been studied carefully, the project benefits in terms of economic, social and environment have been summarized and factors affected the project benefits have been identified. Based on the summary and analysis, taking the consideration of political, economic situations, the trend of agricultural loan projects in future regarding investment scale and structure, recommendations on project management improvement are proposed. The research paper is divided by six chapters.Chapter One introduced the rational of the research topic selection, previous related research result and main content of the paper and research methodology are introduced in this chapter.Chapter Two briefed organizational structure of the World Bank, its loan products and loan terms. The history of cooperation between China and the World Bank was reviewed in this section as well.Chapter Three and Chapter Four analyzed the size and distribution of the World Bank agricultural loan projects in China and the factors affected the change. The main factors affected the World Bank loan projects in terms of loan amount and geological allocation and distribution within the sector included China's foreign capital utilization policy, the change of supply and demand of domestic financial resource, the World Bank country assistant strategy, the World Bank loan terms, etc.Chapter Five summarized the World Bank agricultural loan projects' benefits in three aspects: economic, social and environment. The factors attributed to the success and failure of the projects were also discussed.Based on the above analysis, a prospect of future World Bank agricultural loan project in China has been made and approaches of improving project management has also been proposed in Chapter Six.