SOCIAL ENTREPRENEUR- WORLD BANK

INTRODUCTION OF WORLD BANK

The World Bank is an international financial institution that provides loans to developing countries for capital programs

INTRODUCTION - GOALS

The World Bank's official goal is the reduction of poverty. According to the World Bank's Articles of Agreement (as amended effective 16 February 1989), all of its decisions must be guided by a commitment to promote foreign investment, international trade, and facilitate capital investment.

HISTORY OF WORLD BANK

The World Bank is one of four institutions created at the Bretton Woods Conference in 1944. The International Monetary Fund (IMF), a related institution, is another. Delegates from many countries attended the Bretton Woods Conference. The most powerful countries in attendance were the United States and United Kingdom, which dominated negotiations.

IMPACTS OF THE ACTIONS TAKEN BY WORLD BANK

From 1968 to 1980, the bank concentrated on meeting the basic needs of people in the developing world. The size and number of loans to borrowers was greatly increased as loan targets expanded from infrastructure into social services and other sectors.[McNamara shifted bank policy toward measures such as building schools and hospitals, improving literacy and agricultural reform. McNamara created a new system of gathering information from potential borrower nations that enabled the bank to process loan applications much faster

CREDITS

Sources : http://en.wikipedia.org/wiki/World_Bank

Team Members –

Nicholas Ching

Sheng Ze

Darren Teo