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World Bank

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

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World Bank

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  1. World Bank By: Natasha Cater & Elena Despotovska

  2. 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."

  3. 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)

  4. When it Was Formed • Created at Bretton Woods in 1944

  5. 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

  6. Agreement/Organization’s Role Today • interacts with thousands of Civil Society OrganizationsSUCH 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/0,,contentMDK:20127718~menuPK:288622~pagePK:220503~piPK:220476~theSitePK:228717,00.html

  7. 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

  8. 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

  9. World map of world bank income

  10. World bank video World bank Websites: http://www.globalexchange.org/resources/wbimf/reformhttp://www.worldbank.org/ http://en.wikipedia.org/wiki/World_Bank • http://www.youtube.com/user/WorldBank

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