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The World Bank (History (!950/60 shift to outside of Europe, Funding of…
The World Bank
History
!950/60 shift to outside of Europe
Funding of developing counttries
Initial members were the WWII Allied countries
1970 - focus shift to poverty concerns
The rebuild of Europe after WWII
1980 - shift to Social development
Established 1944
Role
Global Financial Institution
Not an ordinary bank but still a financial institution
Knowledge Source for impoverished and developing countries
Free tools and data sources
Host for meetings to share knowledge
Help to develop policies
Issues
Conflict and instability in countries
Inclusive to all countries
Reduce extreme poverty rate
Unstable commodity prices
Climate change
Globalization
Function
Goals
Promoting Prosperity among the low income sector
end extreme poverty
Products and Services
Technical Assistance
Financial Assistance
Discussion Questions