✅Case Study - The World Bank Flashcards Preview

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Flashcards in ✅Case Study - The World Bank Deck (16)
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What does the World Bank do?

It works to promote financial cooperation between countries to reduce poverty, normally through the promotion of trade and high employment.


How many countries are part of the World Bank?



What is the main aim of the World Bank?

To reduce poverty and promote shared prosperity by fostering the income growth of the bottom 40% of every country


What is the World Bank's aim for 2030?

To end all extreme poverty by decreasing the percentage of people living on less then $1.90 a day to no more than 3%


How is the World Bank different from the IMF?

The IMF exists primarily to stabilise exchange rates while the World Bank aims to aid long term economic development and reduce poverty in developing countries


What is a Top Down project?

Giving money to the government for them to use on the communities in their country.


What is a Bottom Up project?

Giving money directly to the communities to help and they decide how much of the money they need.


What does the world bank provide to developing countries?

Low interest loans and low interest credit and grants


What type of project do the World Bank do most?

Top Down


What is a positive of the World Bank in terms of development?

It develops a global partnership for development


What is a positive of the World Bank in terms of the environment?

It ensures environmental stability


What is a positive of the World Bank in terms of health?

It combats HIV/AIDS, malaria and other diseases, as well as improving maternal health


What is a positive of the World Bank in terms of children?

It reduces child mortality and achieves universal primary education as well as promoting gender equality


What was a negative of the world bank in the 1980s?

Structural reform led to loss of education, nutrition and standard of living in many under developed countries


Which country has the largest share of votes in the World Bank?

The US


How has the World Bank caused controversy?

The countries that the World Bank helps are not involved in the running process at all.