The World Bank

By: Dylan Bear

The World Bank is made up of five different groups...

  1. The International Bank for Reconstruction and Development

    1. Lends to governments of middle-income and creditworthy low-income countries

  2. The International Development Association

    1. Provides interest-free loans and grants to poor countries

  3. The International Finance Corporation

    1. Help new countries gain stability allowing them to grow

  4. The Multilateral Investment Guarantee Agency

    1. Try to reduce poverty

  5. The International Center for Settlement of Investment Disputes

    1. Provides international facilities for conciliation (World Bank 2015)

Video below: ("World Bank President", 2013)

World Bank President Kim Outlines Poverty Goals
Big image

(Wikimedia 2015).

Efforts and Results

The World Bank's efforts have hugely impacted the nation for the better. In just under two years India's poverty line has dropped 10%. (World Bank 2015). According to Voa News, World Bank has said that the end of extreme poverty is close. Jim Yong Kim believes that by 2030 poverty could come to an end if the leaders of developing countries do their part in the process. When Kim was asked about his view point he explained, “We at the World Bank Group see these development banks as potentially very strong allies in tackling the enormous challenge of bringing much needed infrastructure to the developing world," (VOA 2015).