World bank Group
The World Bank is not a "bank" in the common sense; it is an agency made up of 184 member countries. These countries are jointly responsible for how the institution is financed and how money is spent along with the rest of the development of the community. The World Bank supports both developed and developing countries with lending guaranteed analytic and advisory work, debt relief, capacity enhancement, global monitoring and advocacy. Their goals are to eradicate poverty and hunger, achieve universal primary education, promote gender equality, reduce chil
The borrower first identifies and prepares a project proposal to the bank for it to be reviewed, then negotiate and agree on the development objectivity, components, outputs, performance, indicators, implementation plan and a schedule disbursing loan funds. The World Bank considers themselves to have achieved success over their program, but they feel there is much more work to be needed in poor countries. Their objective is to eradicate extreme poverty in all nations. d mortality, combat deadly diseases, ensure environmental sustainability, and develop a global partnership for development. The public is allowed to view vast numbers of documents including project related strategies documents, a chairman's summaries on board discussions, country assistance strategies, and sector strategy papers. In my opinion The World Bank Group are achieving their purpose to eradicate extreme poverty, They seem to show the public what they do by their vast informative documents they have on their website. This group has a disclosure policy that allows the public to view what they do because they believe in an anticorruption. The World Bank's poverty reduction strategy is based on building the investment climate and investing in poor people. These projects include low interest loans, interest free credit, and grants, which come from 40 rich countries donors that contribute money every 4 years to these developing countries. There are two types of borrowers: the middle-income countries and the heavily indebted poor countries. The money that is borrowed by the governments has to be used for specific programming in poverty reduction, delivery of social services, environmental protection, or economic growth. They are open to the public about corruption, they ask people to report any fraud if there is any found, and are accessible to locate for further information.
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