Roles Of World Bank In Global Economy

The role of World Bank in the international political economy and its impact on the poverty.

Zartashia Jahangir (15192)

Muneeba Tariq (15389)

Summyia Tanveer (15647)

Khadija Bibi (15213)

Vision (World Bank Mission Statement):

"The World Bank Group, passion and professionalism for lasting results with is to fight poverty - from the production of resources to help themselves and to their environment, the ability to share knowledge construction, and private sector partners to build publican.”

Introduction:

IMF, World Bank and WTO in the global economy has been the central pillar, and called them "the architect of the global economy." In fact the IMF and the World Bank Bretton Woods conference established in 1944. The World Bank's official goal is the reduction of poverty.

 IBRD- Industrial Bank for Reconstruction & Development.

 IDA-International Development Association.

 IFC- International Finance Corporation.

 MIGA-Multilateral Investment Guarantee Agency.

 ICSID-International Centre for Settlement of Disputes.

The World Bank roads, power plants , schools, dams , bridges , ports and other " infrastructure " projects as governments to finance long -term loans makes . Countries “structural adjustment programs “(SAPs) have agreed to accept the World Bank will extend loans only. SAPs democratic debtor countries by people who are not decided upon. The former colonial world is forced down the throats of people. To pay off the debt, the World Bank demand government’s public assets and companies (privatization), and health care, education, childcare, and cutting spending on social services like pensions by selling off state funds.

U.S. and other developed capitalist countries, policies workers both directly and indire...

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...ased on poverty reduction, the country's financial and economic situation, with detailed analysis of a cross section of local groups by combining a World Bank strategy unique to the country in question. If the government’s priorities and identify targets for poverty reduction and the World Bank’s aid efforts correspondingly Aligns this.

Forty- five countries " aid for the world's poorest countries ", in which the distribution of loans to poor countries, the World Bank's International Development Association ( IDA ) is a U.S. $ 25.1 billion in promised aid . Rich countries, occasional illnesses, including their support for their projects , funds and IDA recipient of criticism , although Robert B. Zoë lick , World Bank president , was announced on 15 December 2007 loans when they said though that IDA money " poorest developing countries that rely on the basic grant ."