Difference between revisions of "World Bank"

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The '''World Bank''' is a branch of the [[International Monetary Fund]] whose primary function is to offer [[loan]]s and make arrangements with developing countries who are unable to adequately cope with the dynamics of global economics. Its main strategy is to exact ''structural adjustment programs'' upon countries who are unable to meet loan payments. These programs typically include [[privatization]] of several key sectors of said country's economy.
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The '''World Bank''' is an international financial institution whose primary function is to offer [[loan]]s and make arrangements with developing countries who are unable to adequately cope with the dynamics of global economics. It provides loans at close to prime-rates to middle-income countries and zero interest rates to low-income countries. The goals of these loans are to increase institutional capacity and foster economic growth, which will in turn increase levels of development and reduce poverty.
  
 
==External links==
 
==External links==

Revision as of 08:58, 9 August 2010

The World Bank is an international financial institution whose primary function is to offer loans and make arrangements with developing countries who are unable to adequately cope with the dynamics of global economics. It provides loans at close to prime-rates to middle-income countries and zero interest rates to low-income countries. The goals of these loans are to increase institutional capacity and foster economic growth, which will in turn increase levels of development and reduce poverty.

External links