7.4 World Bank Flashcards
1
Q
What do WB do
A
Uses deposits placed in wealthiest countries to provide loans for development in countries that agree to certain conditions for repayment and economic growth
2
Q
When were WB established
A
1944
3
Q
Example of WB work
A
2014 help was given to DRC to kick-start a mega dam project
4
Q
Problem with WB
A
All WB presidents have been American!
In 2016 US controlled 16.5% of WB votes
