International organisation
International organisations
World Bank
World Bank is to provide aid to reduce poverty in the world. World Bank provides aid, in the form of money or technology, to help LDCs to develop economically and socially.
The World Bank provides loans for LDCs at low or no interest. This loan can be used by the countries to improve their level of development, thought projects to improve sanitation and water supply, or to finance vaccination and immunisation programmes.
For example, in 1998, the world bank’s Kecamatan Development Programme (KDP) provided aid to 25 villages in Indonesia. As KDP have benefited 28000 villages across Indonesia
Under the KDP, the World Bank gives monetary grants directly to villages to pay for their own development plan.
For another example, an Indonesian village, 100 kilometres south of Surabaya, Sleepy Tirtomoyo, had been suffering from a severe lack of water. With the help of world Bank, they install high-capacity pumps, network of pipes and machines rented from the cities
Advantage
Disadvantage
This can help the LDCs to be more develop as compare with the no help with World Bank
The LDCs have to pay back the loans; these loans may take up year to end the loan.
Asian Development Bank
Asian Development Bank (ADB) is to reduce poverty and improve the quality of life (QOL) of people in the Asia Pacific Region. Asian Development Bank provides aid to help countries develop by giving them the financial and technical means to improve their economy and to provide financial support to the government
For example, in 1994, the Asian Development Bank helps Bangladesh in the Jumuna Multipurpose Bridge Project, which improves the country’s transport infrastructure. This bridge was build to connect from the north western (LDC) to the eastern region (DC).This bridge help to ease traffic congestion ,enabling road, transport and trading routes function more efficiently.
Advantage
World Bank
World Bank is to provide aid to reduce poverty in the world. World Bank provides aid, in the form of money or technology, to help LDCs to develop economically and socially.
The World Bank provides loans for LDCs at low or no interest. This loan can be used by the countries to improve their level of development, thought projects to improve sanitation and water supply, or to finance vaccination and immunisation programmes.
For example, in 1998, the world bank’s Kecamatan Development Programme (KDP) provided aid to 25 villages in Indonesia. As KDP have benefited 28000 villages across Indonesia
Under the KDP, the World Bank gives monetary grants directly to villages to pay for their own development plan.
For another example, an Indonesian village, 100 kilometres south of Surabaya, Sleepy Tirtomoyo, had been suffering from a severe lack of water. With the help of world Bank, they install high-capacity pumps, network of pipes and machines rented from the cities
Advantage
Disadvantage
This can help the LDCs to be more develop as compare with the no help with World Bank
The LDCs have to pay back the loans; these loans may take up year to end the loan.
Asian Development Bank
Asian Development Bank (ADB) is to reduce poverty and improve the quality of life (QOL) of people in the Asia Pacific Region. Asian Development Bank provides aid to help countries develop by giving them the financial and technical means to improve their economy and to provide financial support to the government
For example, in 1994, the Asian Development Bank helps Bangladesh in the Jumuna Multipurpose Bridge Project, which improves the country’s transport infrastructure. This bridge was build to connect from the north western (LDC) to the eastern region (DC).This bridge help to ease traffic congestion ,enabling road, transport and trading routes function more efficiently.
Advantage