The World Bank

Question 1

How does the World Bank differ from the IMF?

Answer 1

The World Bank aims to reduce poverty whereas the IMF aims chiefly to stabilise exchange rates.

Question 2

Give an example of one top down project and one bottom up project funded by the World Bank.

Answer 2

Top down: Bangladesh Sustainable Fisheries Project. This aimed to increase the fisheries economic productivity; $240 million was given.

Bottom up: Displaced Persons and Border Communities Project. Aimed to improve livelihoods for displaced people; $20 million was given.

Question 3

What are the benefits of World Bank involvement?

Answer 3

Provides key aid during crises.

Can help start up businesses in developing countries.

Question 4

What are the negatives of World Bank involvement?

Answer 4

Any money received must eventually be paid back.

Over the last 10 years 3.4 million people have been displaced as a result of the World Bank.