World Bank Flashcards
1
Q
What is it the provider of?
A
Support for less developed countries and aims to reduce poverty
2
Q
What does it promote?
A
Economic development in developing countries by providing long term investment loans
3
Q
What have they been criticised for?
A
Because the conditions attached to loans have not always had the effect of reducing poverty
4
Q
What has it been responsible for?
A
Funding major top down projects like the multi purpose dams to provide hydro electric power in LIC’s which didn’t help reduce poverty
