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History Of The World Bank
Beginning of Essay
The WB was created by the Bretton Woods Conference and evolved by adding
additional institutions as additional tasks were identified. The initial
objective of the WB was to provide loans for the rebuilding of Europe after
WWII, later lending is provided to develop .... Middle of Essay
.... The initial priority
(reconstruction of Europe), ends in 1955 and all lending to Europe ends in
1967 and doesn't resume until 1989 with assistance to Central and eastern
Europe. Investment in the developing world is done by lending for projects
unable to attract private financing, neoliberal philosophy is followed to
decide what is considered economic development. The IBRD is the largest
source of development assistance.
The IBRD is an official or sovereign lender and operates as a bank, not an
aid-giving agency, It is very conservatively managed and it has a very
profitable operation. Before extending a loan, a very rigorous economic and
financi ....
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Words: 1190 - Pages: 5
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