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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)
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 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