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History Of The World Bank
Part 1 of Paper .... 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 developing countries to foster
development. Membership in the IMF is a prerequisite to be member of the WB
and the source of the funds it provides are membership .... Part 2 of Paper ....t 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
financial analysis of the proposed project is done so that a targeted ROI
of 10% is met. The actual average ROI.... |
Number of words: 1190 - Approximate pages: 5 |
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