Established in 1944 to finance reconstruction work in the aftermath of the Second World War, the World Bank is made up of 5 different institutions. It has a membership of 189 countries, employs staff in 170 countries and has offices in 130 different locations worldwide.
The objective of the World Bank is the reduction of world poverty, and so it works in every developing country. It uses three main ways to achieve this goal. The first is to develop a sustainable economy by offering a wide range of projects and products to help these countries with technical and financial assistance and support.
The second way they advance their cause is to invest in people. The World Bank’s Human Capital Project encourages investment in better nutrition, healthcare, education, job opportunities and professional skills.
Their third and final way to reduce poverty is to ensure an economy and social structure which is … Read More