World Bank Flashcards
1
Q
Established
A
1944
2
Q
Initial aim
A
To rebuild post-war economy
3
Q
Current aims
A
To end extreme poverty (<3%), to promote shared prosperity (increase poorest 40% income in each country)
4
Q
Pros
A
Support low-carbon energy ($1b for India’s solar), trade, gender equality, FDI, low interest loans, and advice
5
Q
Cons
A
Must join IMF to join, rich hold power, slow, harmful policies (fossil fuel investment), free market reforms promote investment
