🌍✅ Global System 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 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 % of people living on less than $1.90 a day to no more than 3%
How is the World Bank different to the IMF?
The IMF exists to primarily stabilise exchange rates while the World Bank aims to aid long term economic development and reduce poverty in developing countries
What is a Top Down project?
Giving money to the government for them to use on the communities in their country
What is a 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, low interest credit and grants
What type of project do the World Bank do 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 ensure environmental stability
What is a positive of the World Bank in terms of health?
It combats HIV/ AIDS, malaria and other diseases, as we,k 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 is a negative of the world bank in the 1980s?
Structural reform led to loss of education, nutrition and standard of living in many under developed countries
Which country has the largest share of votes in the World Bank?
The US
