Th4.3: The World Bank

Question 1

What does the World Bank aim to do?

Answer 1

bring about long-term development and a reduction in poverty

Question 2

What is the World Bank made up of?

Answer 2

the international bank for reconstruction and development - IBRD
the international development association - IDA
the international finance corporation - IFC
the multilateral investment guarantee agency - MIGA
the international centre for settle of investment disputes - ICSID

Question 3

What do the IBRD and IDA do?

Answer 3

provide financing, policy advice and technical assistance

Question 4

What do the IDA do?

Answer 4

helps the poorest countries

Question 5

What do the IBRD do?

Answer 5

helps middle income and creditworthy poorer countries

Question 6

What do the IFC, MIGA and ICSID do?

Answer 6

help strengthen the private sector in developing countries by providing them with finance, technical assistance, political risk insurance and settlement of disputes

Question 7

How many projects has the World Bank funded since 1947 and how?

Answer 7

12,000 through interest free loans and grants and supports long term human and social development