World Bank and Poverty
Executive Summary
This research paper is focused on the role World Bank in Poverty Reduction, as the primary role of the World Bank is to enable development and progress in the backward countries and regions of this world. This paper explains the brief history of the World Bank, and World Bank’s five institutions. It also investigates how the World Bank is continually trying to reduce poverty by lending billions of dollars to poor countries .This paper gives some of the facts of the under-developed countries and the strategies which World Bank has incorporated to reduce the poverty in those countries.
Introduction
The World Bank was incepted with the mission of achieving a world without poverty and to provide bare minimum living standards to every person in this world encompassing the basic necessities like food, shelter and clothing. Since the inception of the bank 50 years ago, there have been drastic and fundamental shifts about how the World Bank would achieve its primary goals. The World Bank, as it is, is highly influenced by the super powers of this world and the political implications of this fact are quite evident in the decisions taken by the bank to achieve its mission. This fact highly complicates the way the bank charters its strategies towards poverty elimination and the targeted regions of this world which would be affected by this charter. The political and academic sects of this world are the primary influencing factors in the World Bank’s role in eliminating poverty and illiteracy in this world and reaching the Millennium Development goals set by the bank members.
History and Organization
To better understand the role of the World Bank in today’s world, it is important to refresh a little bit about the history and inception of the World Bank. The bank was conceived in 1944 to reconstruct war-torn Europe. Since then the bank has been one of the largest sources of assistance for all developing nations around the world. The World Bank is
This research paper is focused on the role World Bank in Poverty Reduction, as the primary role of the World Bank is to enable development and progress in the backward countries and regions of this world. This paper explains the brief history of the World Bank, and World Bank’s five institutions. It also investigates how the World Bank is continually trying to reduce poverty by lending billions of dollars to poor countries .This paper gives some of the facts of the under-developed countries and the strategies which World Bank has incorporated to reduce the poverty in those countries.
Introduction
The World Bank was incepted with the mission of achieving a world without poverty and to provide bare minimum living standards to every person in this world encompassing the basic necessities like food, shelter and clothing. Since the inception of the bank 50 years ago, there have been drastic and fundamental shifts about how the World Bank would achieve its primary goals. The World Bank, as it is, is highly influenced by the super powers of this world and the political implications of this fact are quite evident in the decisions taken by the bank to achieve its mission. This fact highly complicates the way the bank charters its strategies towards poverty elimination and the targeted regions of this world which would be affected by this charter. The political and academic sects of this world are the primary influencing factors in the World Bank’s role in eliminating poverty and illiteracy in this world and reaching the Millennium Development goals set by the bank members.
History and Organization
To better understand the role of the World Bank in today’s world, it is important to refresh a little bit about the history and inception of the World Bank. The bank was conceived in 1944 to reconstruct war-torn Europe. Since then the bank has been one of the largest sources of assistance for all developing nations around the world. The World Bank is