The World Bank Flashcards
(8 cards)
1
Q
Establishment
A
- partner of the IMF- share the same building and also established at the Bretton Woods conference
- based in Washington
- 189 members
2
Q
Roles
A
- redistribution of wealth and poverty reduction
- works with other organisations
3
Q
redistribution of wealth and poverty reduction
A
- in 2016 provided $63 billion in loans to development projects
4
Q
works with other organisations
A
- works with the Arab league to reduce unemployment and increase the economic participation of women in the Arab world
5
Q
strengths
A
- redistribution: works closely with the UN to by 2030 reduce the worlds population living on less than $1.90 a day by 3%
- Willingness to adapt: changed from funding infrastructure to poverty reduction
6
Q
Weaknesses
A
- encourage poor countries to grow cash crops (cocoa, coffee) leaving them vulnerable to TNCs
- USA influence: keen on privatisation and deregulation which are “American policies”
7
Q
SAP failure example
A
- Honduras, harmed social services
8
Q
infrastructure project example
A
Clean Energy in India (2023)
- provided $1.5 billion load to help Indias shift to clean energy
- creation of a dam displaced thousands
