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Issa Nordein & Patrick Settele
“Our Dream is A World Free of Poverty.”
World
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History
Members / Leadership
Funding / Functions
World Bank Group
Criticism
Topics
World
B
an
k Conceived during World War II at Bretton Woods, New
Hampshire, the World Bank initially helped rebuild Europe after the war.
Its first loan of $250 million was to France in 1947 for post-war reconstruction.
Reconstruction has remained an important focus of the Bank's work.
During the 1980s, the Bank was pushed in many directions: early in the decade, the Bank was brought face to face with macroeconomic and debt rescheduling issues.
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World Bank History
World
B
an
k The World Bank are made from 187
member countries. The countries with most voting power
are now the United States (15.85%) Japan (6.84%) China (4.42%) Germany (4.00%) United Kingdom ,France (3.75%) each.
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Members
World
B
an
k The President of the Bank, currently
Robert B. Zoellick He is responsible for chairing the
meetings of the Boards of Directors and for overall management of the Bank.
He will serve for a five-year, renewable term.
There are 24 Vice-Presidents, three Senior Vice Presidents and two Executive Vice Presidents.
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Leadership
Cartoon
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World
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kPoverty
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Poverty across the World
World
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k
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World Bank Creating Poverty!!!!
World Bank Creating Poverty
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k
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Poverty reduction strategy
Clean technology Fund Management (CTF)
Clear Air Initiative (CAI)
United Nations Development Business
Funding
Fundings / Functions
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World Bank IDA(International Development Association)
IBRD(International Bank for Reconstruction and
Development)
World Bank Group
World Bank Group IDA(International Development Association)
IBRD(International Bank for Reconstruction and
Development)
+ IFC(International Finance Corporation)
MIGA(Multilateral Investment Guarantee Agency)
ICSID(International for Settlement of Investment
Disputes)
World Bank Conditions Impact on Elite Impact on Poor
Cut Social Spending More debts repaid, including to World Bank and IMF.
- Increased school fees breaks literacy rates down- Higher fees for medical service mean less treatment, more suffering, needless deaths.
Shrink Government - Fewer government employees means less capacity to monitor- Frees up cash for debt service
- Massive layoffs in countries where government is often the largest employer- Makes people desperate to work at any wage
Raise Interest Rates Investors find country a profitable place to park cash, though they may pull it out at any moment
Small farmers and businesses can't get capital to stay afloat and sell land and then shut down
Cut Subsidies for Basic Goods
Frees up more money for debt payments
- Raises cost of items needed to survive- Most frequent flashpoint for civil
Eliminate Tariffs - Allows foreign goods easy access to domestic markets- Makes luxury items cheaper for those in the country- Allows country to comply with WTO agreements
- Makes it harder for domestic producers to compete against better-equipped and richer foreign suppliers- Leads to closure of businesses and layoffs So
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Corruption
Structural adjustment
Water privatization
Sovereign immunity
Environmental Strategy
Criticism
