FINANCE: World Bank
August 22, 2008 – 1:03 pm
World Bank is an international bank. The main goal of the bank is supporting developing countries. World Bank gives technical and financial support. Poverty is a worldwide problem and the bank mostly deals with that problem.
World Bank was established in 1945, after World War II. The major fields that World Bank works for are development, reconstruction, supporting natural disasters, reducing poverty, and supporting humanitarian activities.
The big members of the World Bank holds %55 of bank capital. The rights of the member countries change according to the capital they hold. The more you have, the more you can tell. The bank is directed by a president, boards of directors, vice presidents, senior vice presidents and executive vice presidents.
Activities and a Brief History of World Bank
When World Bank was first established a ruined Europe and world were waiting for it. World War II had affected the entire world. The establishment reason of the bank was rebuilding the Europe. With time, new aims are added to this. Poverty, debt management and development became the main interests of the bank.
Nowadays the major aim of World Bank is supporting developing countries. That is not only economical support. While providing required sources, it also tries to reduce poverty. The bank is an economic expert. It is thought that development of a country is possible via economic growth. So World Bank provides investment fields, job opportunities, encourage the investors. For decent economical situation of a country, World Bank supports the government. Individuals and investors are protected. Investors are made to invest more money for some certain areas. It is not active only in the beginning process. After all that, the studies are controlled. Negative and positive sides of development are observed. The profit and loss is counted. These steps lead the countries to a steady development.
The World Bank gives loan. Loan for development and investment are two basic types of World Bank. In addition to that, the bank supports social organizations. Organizations to combat with illnesses, poverty, global burdens are supported by World Bank.
Working Fields of World Bank
There are some major fields in which World Bank works actively. Some of these fields are agricultural development, economy, education, energy, environment, health, industry, technology, trade, law, poverty reduction, society, and natural sources.
Members of World Bank
World Bank has 185 member countries. These countries include Argentina, Australia, Austria, Azerbaijan, Bangladesh, Belarus, Belgium, Brazil, Cameroon, Canada, Croatia, Denmark, Egypt, Fiji, Finland, Germany, Ghana, Hungary, India, Italy, Israel, Japan, Jordan, Libya, Mexico, Netherlands, Niger, Panama, Peru, Qatar, Russia, Serbia, South Korea, Tanzania, Turkey, UK, United States of America, Vietnam, Yemen, Zimbabwe and many other countries.
Visit the official website of World Bank.