2007-01-08 13:56:23 · 6 answers · asked by Taylor V 1 in Politics & Government ➔ Government
Here's a blurb from the World Bank's website:
About Us
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the common sense. We are made up of two unique development institutions owned by 184 member countries—the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Each institution plays a different but supportive role in our mission of global poverty reduction and the improvement of living standards. The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Together we provide low-interest loans, interest-free credit and grants to developing countries for education, health, infrastructure, communications and many other purposes.
Read more about it at this link:
http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html
2007-01-08 14:04:18 · answer #1 · answered by fdm215 7 · 0⤊ 0⤋
The World Bank is a criminal institution that doctors financial statements for loan applicants so the loan can be granted (taxpayer money, the bank doesn't care) and when the debtor defaults, the World Bank thugs bring in the U.S. military to set up permanent military bases and get paid back...one way or another...The World Bank has never been audited, so like Congress, it's as corrupt as it can possibly be. It's all right there in the book, "Confessions of an Economic Hit Man". If your responders could read, you wouldn't be getting all these candy azz answers. People are so easy to fool. Just like the 9/11 inside job.
2007-01-08 14:35:20 · answer #2 · answered by protocols 2 · 0⤊ 0⤋
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We help governments in developing countries reduce poverty by providing them with money and technical expertise they need for a wide range of projects-such as education, health, infrastructure, communications, government reforms and many other purposes.
2007-01-08 13:59:57 · answer #3 · answered by fratmcgee24 2 · 1⤊ 0⤋
The World Bank administers the monetary system of most countries by receiving investments, providing loans and financing projects of many states.
2007-01-08 14:02:50 · answer #4 · answered by FRAGINAL, JTM 7 · 1⤊ 0⤋
currently it is the biggest bank in the world and controls the money system and some belive the world - by debt
2007-01-08 14:00:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
makes life tough for people
2007-01-08 13:59:45 · answer #6 · answered by ? 7 · 1⤊ 1⤋