Case Study - The World Bank Flashcards
What does the World Bank do
It works to promote financial cooperation between countries to reduce poverty, normally through the promotion of trade and high employment.
How many countries are a part of the world bank
188
What is the main aim of the world bank
To reduce poverty and promote shared prosperity by fostering the income growth of the bottom 40% of every country
What is the World Bank’s aim for 2030
To end all extreme poverty by decreasing the percentage of people living on less then $1.90 a day to no more than 3%
How is the World Bank different from the IMF
The IMF exists primarily to stabilise exchange rates while the World Bank aims to aid long term economic development and reduce poverty in developing countries
What is the Top-down project
Giving money to governments for them to use. The communtiesbinbtheir countries
What is the bottom-up project
Giving money directly to the communities to help and they decide how much of the money they need
What does the World Bank provide to developing countries
Low-interest loans and low-interest credit grants
What type of project does the World Bank use most
Top-down
What is a positive of the World Bank in terms of development
It develops a global partnership for development
What is a positive of the World Bank in terms of the environment
It ensures environment stability
What are the positives of the World Bank in terms of health
It combats HIV/AIDS, malaria and other diseases, as well as improving maternal health
What is a positive of the World Bank in terms of children
It reduces child mortality and achieves universal primary education as well as promoting gender equality
What was a negative of the World Bank in the 1980’s
Structural reform led to loss of education, nutrition and standard of living in many under developed countries
Which country has the largest share of the vote being the world bank
The USA
