A Research Project On The World Bank Essay

A Research Project On The World Bank Essay

Length: 725 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Recently the World Bank funded an effort in Ethiopia to help increase investments in their infrastructure. In May of 2015, $370,000,000 was committed to fund The Ethiopia Expressway Development Support Project. Reuters noted the project as a risky one. About a quarters way through the project, the World Bank admitted that something went very wrong. Many people were driven from their homelands by force as a result of the project. The World Bank advocates "Working for a World Free of Poverty". Reuters, however, reports that in this project the World Bank admits that to being flawed in its efforts. Monitoring and accountability measures were not met to insure that the people in the path of the construction of the highways How did 70,000 people become dislocated? The answer not quite simple. The project 's efforts were intended to help eliminate the extreme poverty plaguing Ethiopia by developing roads, dams, and increasing investment but something else happened people were forced to move in a hurry and with meager compensation.

Worldbank.org boast of the remarkable progress made in Ethopia versus other Sub-Saharan African countries. Over the last 10 years there has been a average growth or almost 11% of their Gross Domestic Product. Agriculture and and Infrastructure were noted to be the driving force. The government of Ethiopia borrowed monies at the leadership of Tesfamichael Nahusenay Mitiku so that the Ethiopian Roads Authority could develop the Rural and Inter-Urban roads and highways. This project was expected to last about six years. The World Bank noted it progress on this project on their website as Satisfactory but on Wednesday, March 4, 2015 World Bank President Jim Yong Kim admitted shortcomings and...

... middle of paper ...

...o would create when building a highway. It was very irresponsible not to do so.

I believe that it 's is possible to ensure that human lives are considered in projects such as these. It contradictory that they were not given an alternate living plan that they agreed upon within reason that provided similar or better conditions that they were giving up their livelihood for. It is a sacrifice to leave one 's home and sacrifices should be compensated. If the World Bank was not able to fully fund this project with consideration to the people that it effects then the project should have been put on hold until proper funding and accommodations were met. I believe that the World Bank Organizations should have been able to make an unbiased decision on this project but I dare this that a lending organization can because of their financial interest in the project.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

A Project Of The World Bank Essay

- Abstract This paper is to research a project of the World Bank or the IMF that created problems for the nation that received its assistance. To describe the negative outcomes of the project and to explain whether the negative impacts could have been avoided. This paper will further explain on whether the International Financial Institutions could consistently provide assistance in an objective, unbiased and responsible manner. Keywords: IMF; World Bank; IFI; Negative; Outcomes The International Monetary Fund (IMF) and the World Bank were conceived at the Bretton Woods in July 1944 by 44 countries with the goal of developing a framework for post-war economy, and to avoid another...   [tags: World Bank, International Monetary Fund, Money]

Better Essays
783 words (2.2 pages)

A Project Of The World Bank Or The Imf That Created Problems For The Nation That Received Its Assistance

- Written Assignment Research and find one project of the World Bank or the IMF that created problems for the nation that received its assistance. Describe the project and what the negative outcomes were. Explain whether or not you feel that the negative impacts could have been avoided. Why or why not. Further explain your opinions on whether you believe that international financial institutions such as these could consistently provide assistance in an objective, unbiased and responsible manner. Why or why not....   [tags: World Bank, International Monetary Fund]

Better Essays
1975 words (5.6 pages)

The World Bank Group : A Cluster Of Five International Organizations Essay

- The World Bank Group is a cluster of five international organizations which provide advances to meagre countries. World Bank is the largest prominent and recognized development bank in the world and it is acting as the onlooker in the United Nations Development Group. It is located in Washington, D.C. It has financed the developing countries and as well the countries which were undergoing major economic change during 2012 with an enormous amount of $30 billion. Basically, it tends to follow the mission statement which is to trim down poverty....   [tags: World Bank, Poverty, World Bank Group]

Better Essays
770 words (2.2 pages)

Project Budget : Cost Management Essay

- Week 6 Project Schedule and Budget Bongbong Alfaro MGMT 404 Professor Andre Franklin DeVry University Project Schedule and Budget Part 1: Project Budget (Cost Management) 1. Explain your approach to estimating the project cost (e.g. top down, bottom up, etc.) and why that method was chosen. In estimating the project cost, I need to determine which method is preferred to use either top down or bottom up approach. As an owner, I will choose that will fit my project which is the top down strategy because I should know how much the project should cost....   [tags: Project management, Resource allocation, Costs]

Better Essays
853 words (2.4 pages)

A Research Project On Poultry Essay

- I can not imagine my youth without 4-H, the many opportunities I have participated in have been time well spent. I began the 4-H poultry project in the fifth grade, I was involved in the project for three years and acquired a wide assortment of skills and knowledge about avian health, conformation, showing, judging, and maintenance. My passion for learning about poultry allowed me to accurately relay information to the general public and helped me to become a two time grand champion in poultry judging....   [tags: Community, Community service]

Better Essays
951 words (2.7 pages)

Essay about Mexico and The World Bank: Rebuilding a Country

- Mexico and The World Bank: Rebuilding a Country The 1994/1995 financial crisis in Mexico affected me in a very personal way. My family is from Mexico City, and my dad owns a small private firm that specializes in manufacturing tools. After the devaluation, I not only watched my father struggle with the failing economy and lack of business growth opportunities, I also witnessed a country begin to sink deeper into poverty and despair. There are many reasons for the devaluation, but one of the main ones is probably the “poor savings rates and the low rate of investment (only saved 19 percent of GDP from 1980-1994)” (Bloomburg)....   [tags: Essays Papers]

Free Essays
1778 words (5.1 pages)

Research Project Encryption Essay

- Research Project Encryption Should the US government limit the strength of encryption products to eavesdrop on people’s everyday life. I remember exchanging secret letters with my friends in Japan as a child. We developed a code in which each letter of the Japanese alphabet was replaced by the one that follows it. For example, if we had used English, "Z" would have been replaced by "A". Each of us had the key to understanding this code but outsiders didn’t, so we didn’t have to worry if one of our brothers intercepted our letters....   [tags: Encryption Writing Code Privacy Essays]

Free Essays
1896 words (5.4 pages)

Essay on Perfect Research

- There is no hope of doing perfect research (Griffiths, 1998, p97), do you agree. Before attempting to answer this question, it is important to look at the definition and the meaning of research. According to the scholar Cresswell, “research is a process of steps used to collect and analyze information to increase our understanding of a topic or issue”(3). Cambridge online dictionary defines research is “a detailed study of a subject, especially in order to discover (new) information or reach a (new) understanding”....   [tags: Research Analysis ]

Better Essays
868 words (2.5 pages)

Essay on My Understanding Of Research On Psychology Courses

- Prior to beginning this course I had gone through several psychology courses and felt pretty confident in my understanding of research. I have also participated in a research a couple of times. I knew I was no expert but I was under the impression that it wasn’t extremely complicated. I have since learned otherwise and realize just how in depth and extremely complicated it can be to conduct these studies. There are many issues that can plague a study and the depth one must go to in order to collect and analyze data is astounding....   [tags: Scientific method, Qualitative research, Bible]

Better Essays
1119 words (3.2 pages)

How The Internet Affects The World Essay

- How the Internet affect. For decades, people have lived without a phone, a computer or a tablet in their hands. But, in these days, surviving without any kind of technology connected to the Internet is so difficult to overcome. Moreover, the youngest individuals are learning to live in a world completely dependent on the Internet. If you want to learn about how to use computers and the Internet, just go and ask your grandchildren to teach you. Anyone cannot imagine how to live without the Internet....   [tags: Internet, Computer, World Wide Web]

Better Essays
1206 words (3.4 pages)