WORLD BANK
ROUGH DRAFT. JEET SHAH 12B
. JUSTIFICATION OF THE TITLE
With 189 member countries, staff from more than 170 countries, and offices in
over 130 locations, the World Bank Group is a unique global partnership: five
institutions working for sustainable solutions that reduce poverty and build
shared prosperity in developing countries.
The World Bank is an international financial institution that provides loans and
grants to the governments of low and middle-income countries for the purpose of
pursuing development projects. It was established in 1944 and is headquartered
in Washington, D.C., United States. The primary goal of the World Bank is to
reduce poverty and support sustainable development in its member countries
. OBJECTIVE
The World Bank Group works in every major area of development. We provide a
wide array of financial products and technical assistance, and we help countries
share and apply innovative knowledge and solutions to the challenges they face.
At the core of the World Bank's mission is the goal of poverty reduction. It
recognizes that poverty is not merely a lack of income but a multidimensional
phenomenon encompassing inadequate access to education, healthcare, clean
water, sanitation, and basic infrastructure. Consequently, the World Bank
supports initiatives that aim to improve the living standards and well-being of the
poorest and most vulnerable populations. By investing in human capital, building
infrastructure, and promoting inclusive growth, the World Bank seeks to lift
people out of poverty and provide them with opportunities for economic
empowerment and social advancement.
the World Bank places a strong emphasis on promoting sustainable development.
It recognizes the interdependence between economic growth, social inclusion,
and environmental sustainability.
. INTRODUCTION
he World Bank, established in 1944, is an international financial institution
dedicated to reducing poverty and promoting sustainable development
worldwide. Headquartered in Washington, D.C., the World Bank comprises two
main institutions: the International Bank for Reconstruction and Development
(IBRD) and the International Development Association (IDA). The IBRD provides
loans and financial assistance to middle-income and creditworthy low-income
countries, while the IDA offers concessional loans and grants to the poorest
countries. With a mission to end extreme poverty and boost shared prosperity,
the World Bank channels its resources, expertise, and global partnerships toward
addressing key development challenges such as education, healthcare,
infrastructure, environmental sustainability, and governance. By mobilizing
financial resources, providing technical assistance, and promoting policy reforms,
the World Bank plays a critical role in supporting countries' efforts to achieve
sustainable development goals and improve the lives of millions of people around
the world.
1. History and Evolution of the World
.
Bank:
Origins of the World Bank
Evolution of its structure and functions over time
Evolution of its structure and functions over time
2. Structure and Governance:
Organizational structure: IBRD (International Bank for Reconstruction and
Development) and IDA (International Development Association).
Governance mechanism: Board of Governors, Executive Directors, and
President.
3. Functions and Objectives:
Providing financial and technical assistance to developing countries.
Promoting sustainable development and poverty reduction.
Addressing global challenges such as climate change, infrastructure
development, etc.
4. Instruments of the World Bank:
Loans and credits.
Grants and concessional funding.
Policy advice and technical assistance.
5. Impact of the World Bank:
Economic development: Case studies of countries that have benefited from
World Bank projects.
Poverty alleviation: Measurement of poverty reduction efforts facilitated by the
World Bank.
Infrastructure development: Projects related to roads, energy, water supply,
etc.
6. Criticisms and Controversies:
Criticisms regarding the conditionality of loans.
Environmental and social impacts of World Bank projects.
Allegations of favoritism and lack of transparency.
7. Recent Initiatives and Future Outlook:
Overview of recent projects and initiatives undertaken by the World Bank.
Discussion on the future role and challenges faced by the World Bank in a
changing global economic landscape.
8. Conclusion:
Summarize the key findings of the project.
Reflect on the significance of the World Bank in global economics.
Suggestions for further research or action.
WORLD BANK GRAPHS
