7 thoughts on “World Bank”

  1. Established in 1944 at the Bretton Woods meeting, the World Bank is an organization that is a source of loans to help reconstruct the European economies after WWII. As time has passed, the main borrowers became third world countries and eastern European ones.

  2. Not necessary – but if you add another sentence on why sometimes WB is seen as unfair or driven by corporate interests, that’s really good.

  3. The World Bank gives developing countries loans in order to help them begin the very expensive task of industrializing.

  4. An international financial institute that provides loans to developing countries in an attempt to reduce the states poverty. the problem is many people in see the world bank is the condition of the loan that the state must cut all of its social welfare programs with usually includes health care. So countries sacrifice its social health care for industrial development.

  5. The World Bank have tried to complete three major missions since its establishment in 1944. Along with the IMF, the World Bank has had great success in (1) providing stability and access to capital for the states greatly effected by WWII. It has been less successful in (2) promoting economic development in poor countries. And has been relatively successful in (3) integrating Eastern Europe and Russia into the world capitalist economy. The IMF and World Bank use a weighted voting system where each state has a vote equal to its quota. Therefore, the G8 states have major control over this organization involving a world economy.

  6. The world bank is an international financial organization the provides loans to developing countries. The world bank hopes to reduce povery.

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