The World Bank : An Anti Poverty Bank

Several developing countries are sunk in debt and poverty because of the arrangements of global establishments, for example, the International Monetary Fund (IMF) and the World Bank. Their projects have been vigorously reprimanded for a long time and have been constantly blamed for poverty. Moreover, developing countries have been in constant expanded reliance on the wealthier countries, despite the IMF and World Bank's claim that their main goal is to fight poverty (Shah, 2013). During recent decades, the poorest nations on the planet have needed to swing progressively to the World Bank and IMF for money related help, because their impoverishment has made it unthinkable for them to acquire somewhere else. The World Bank and IMF connect strict

The importance of a development bank lies in spreading the spirit of development finance whereby entrepreneurs learn to invest in real fixed assets.

In her article, The Uses of Global Poverty: How Economic Inequality Benefits the West, Daina Stukuls Eglitis states the ways in which western societies have benefited from economic inequality with the poorer nations of the world. To better understand our position, she gives several examples that should help to increase our awareness of the role we play in supporting this economic inequality, and outlines for us how western nations use global poverty to their advantage. She states the specific causes and conditions that lead to the existence of poverty while at the same time supporting and ensuring our culture and quality of life.

~ Today the bank functions as an international organization that attempts to fight poverty by offering developmental assistance to middle and poor-income countries. By giving loans, and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people

Different organizations are formed worldwide but it is mostly their mandates that categorically define the role they play. Among the most recognized, organizations that follow under the control of United Nations get an upper hand and it’s particularly made possible by the powers and control these organizations possess. This article attempts to compare and contrast the United Nations Security Council with the World Bank drawing conclusions from their mandate, style of functioning, governance and organizational culture among the key elements considered. Although they have an international outlook, there are various features within the organizations that depict them as different while others reveal elements that they share and value in common.

In the case of the proposal to fund Brazil with dams, irrigation, power, roads, and funds to develop crops the World Bank has those funds. As a representative of the World Bank, this proposal is currently not very wise and the impact it will have on the people of Brazil will not be a positive one, and that it will not yield a great return to the World Bank unless some adjustments to the proposal are made.

As many know through the news, Sub- Saharan Africa is not a wealthy nor financially stable

Every year sub-Saharan Africa receives around $134bn in loans, foreign investment and development aid, according to the UN. Nonetheless, sub-Saharan Africa is still the poorest region in the world. For many years the international community has debated over the reasons why every year billion and billions of dollars are not taking sub-Saharan Africans out of poverty. Three major groups have prevailed in the discussion. First, the people who totally blame Africa for not doing its job right, completely forgetting that most of the funds are not administrated by Africans. Second, the people who believe that even though aids are not working, the international community should keep investing funds in Africa even if is failing; one day they will work.

Western aid is known to fail to reverse poverty in poor nations for many reasons. The poor nations cannot continue to provide the aid that the western nations were able to give them. There is no real source of income from the poor nations to provide for the aid talked about in our textbook Think Twice such as pesticides for crops or contraceptives. These things were only ever able to be provided through assistance and donations. The aid provided by the westerners ultimately fails because it cannot be sustained. The aid also takes away the control of the poor because they are no longer able to provide for themselves. This causes them to feel helpless which has no positive effect on reversing poverty. Although the Western Aid only has good intentions

Latin America and the Caribbean countries have risen against the challenge of Poverty Reduction, and shown commendable progress with 8.5% of the population rising to the middle class level in the last decade, but 42.12% still live in the dreads of poverty. IDB via its Division of Social Protection and Health works with people who live below the poverty line or are shunned by society and aims to provide them with opportunities of education and labour. IDB-financed programs help in reducing racial and ethnic inequalities on many fronts. Poverty Reduction requires achieving and sustaining strong levels of economic growth, but that growth will be considered invalid if it does not spread out to all the sections of society. The Bank aims at improving lives of people by increasing nutrition, educational possibilities, fostering social inclusion and maintaining a long lasting and just social

Angry protesting, political upset, governments falling, privatization failing, and money lost are a few outcomes that influence the public opinion on the World Bank, and its involvement in many underdeveloped countries. While the World Bank claims that reducing poverty across the globe is its foremost priority, many opponents believe that it is responsible for increasing poverty. The World Bank is a multifaceted organization that loans money to government around the world for development.

The Article “International NGOs and the Aid Industry: constraints on international Solidarity” by Molly Kane is about the Make Poverty History campaign, which is a campaign that tried to eliminate global poverty using governmental action. It was initiated by NGOs trying to gain more aid, to help eliminate third world countries debt, and to help solve trade injustice. The campaign noticed an increase in North American development NGOs, and how all of them were campaigning for social change globally. Issues with social justice and aid depending on international politics are the most significant factors influencing African social, economic, and political life due to the fact that there is colonial ruling. The article talks about how poverty is the main problem facing third world countries, rather than rights and freedom. Increased financial dependence of INGOs has made third world countries dependent on the aid industries development. The process of decolonization was started to free the African nations from European colonial rule.

The main focus is on helping the poorest people and the poorest countries, but for all its clients the bank emphasizes the need for: Promoting reforms to create a stable macroeconomic environment, conducive to investment and long term planning. Equally important is whether developing countries are able to put into place the policies and structural reforms which can provide the basis for strong growth" (World, 1). These official statements from the World Bank help to better explain their mentality. Their capitalist discourse is apparent in their aim for a "stable macroeconomic environment". Every document that I read, which was well over fifty documents, published by the World Bank, contained an economic discourse, oftentimes capitalist, which also seemed to assert that the Bank undeniably knew what was right. They define "poor" as people with no money and thus they feel the need to help "develop" a "poor" nation with certain policies and structural reforms, which they believe, are fitting. They do this without realizing that indigenous people do not necessarily want paper money as a pseudo-simulator for happiness- they often use the land, what people want, to build infrastructures for economic growth under their plan of development that includes tourism. An example of such peoples are the Chipko tribe in the Doon Valley, who protested the destruction of their mountain

In stark contrast with East Asia & Pacific, the Sub-Saharan Africa has an overwhelmingly high percentage of population who are living under extreme poverty line, even at the $2 a day limit. For instance, Zimbabwe has between 75-100 percent of the population living under $2 a day, with the percentage just a little below 75 percent at the $1.25 limit. The “Regional Poverty Trend” data chart also shows a total opposite with East Asia & Pacific, because for the Sub-Saharan Africa starting in 1981, we see that the number of “millions of poor” marked by the blue columns has been increasing steadily with 2011 at

The report, titled ‘How the World Bank breaks its promise to protect the poor’, says the