World Bank

By: Natasha Cater & Elena Despotovska

Purpose

The World Bank provides financial and technical assistance to emerging market countries

Interest-free credits and grants to developing countries

Provides low-interest loans

Modernize a country's financial sector, agriculture, and natural resources management

Loans are usually invested in Education Health infrastructure providing water and electricity, Fighting disease protecting the environment

Goal: "bridge the economic divide between poor and rich countries, to turn rich country resources into poor country growth and to achieve sustainable poverty reduction."

Participants Robert Zoellick: President of the World Bank since 2007

188 members (countries) of the World Bank- ex. Afghanistan, Belgium, Canada, USA, Japan, Turkey, UK, Morocco and Sweden

The International Finance Corporation (IFC)

The Multilateral Guarantee Agency (MIGA),

The International Centre for the Settlement of Investment Disputes (ICSID)

When it Was Formed

Created at Bretton Woods in 1944

Why it was Formed Original purpose was to lend to European countries to

help them rebuild after World War II

First loans were to France and other European countries

Soon lent money to Chile, Mexico and India to build power plants and railways

By 1975, the Bank also lent money to countries to help with family planning, pollution control and environmentalism

Overall it was formed to make our world a better living

Agreement/Organization’s Role Today interacts with thousands of Civil Society Organizations

SUCH AS… trade unions

faith-based organizations

indigenous peoples movements

Website that shows my world war trade organizations: http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/CSO/

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issues they are currently dealing with internationally

The bank lacks adequate checks to guard against funding human rights abuse cannot meaningfully achieve there goals in complex environments without

ensuring that it respects the rights of the people it is working to benefit.

People Say the world bank has created a greater inequality for people the richest 20 percent of the world's population receives 83% of the world's

income, while the poorest 60% of the world's people receive just 5.6% of the world's income

the policies pushed by the World Bank have still not helped all the majority of conditions The world Bank may help countries pay off their foreign debts and may

create some millionaires but the majority of the population still suffers lower wages, reduced social services

Is Canada involved with the World bank? Canada IS involved with the world bank

Canada and the World Bank Group have worked together to end poverty and create a world based on sustainable development, Since 1945.

World Bank Group recognizes Canada not only as a important financial contributor but also as a committedpartner in the effort to achieve all its goals

World map of world bank income

World bank video http://www.youtube.com/user/WorldBank

World bank Websites:http://www.globalexchange.org/resources/wbimf/reform

http://www.worldbank.org/

http://en.wikipedia.org/wiki/World_Bank