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World Bank A Mission to Remove Poverty From World

The World Bank is an International Financial Institution which provides loans and grants to the governments of poorer countries to carry over financial project

The moto or we can say the aim or goal is   : Working for a World Free of Poverty.

What Is Here For You

  1. About the World Bank
  2. History of the World Bank
  3. World Bank Headquarters
  4. Functions of The World Bank
  5. World Bank Logo
  6. Voting Power
  7. World Bank Interest Rate
  8. Conclusion
  9. Frequently Asked Question

About World Bank

The parental organization of   world   bank is  world bank group

 It has two sub category      :

The International Bank for Reconstruction and Development (IBRD)

This is the world’s largest development bank. And helps the poorer countries to attain sustainable growth.

It gives services like (   loans, guarantees, and risk management products) and knowledge and advisory services at the national level. Bank has almost 189 member countries.

Bank was founded in 1944 to make Europe again which was destruted by world war 2

This work with both the public and private organisation to remove the poverty.

It raises fund through a financial market .And give loan and earn interest on it .

The International Development Association (IDA)

It is part of the bank. It helps the poorest country with the help of the bank , by granting loans.

Mainly it tries to scale the economy, reduce inequalities, and raise the standard of living. 173 countries are members if it. It gives a loan at a minimum interest or zeroes interest for a period of 30 to 38 years.

IDA has various fields of interest like basic health facilities, job creation, good living standards, sanitation, basic hygiene, climate change, expansion of the businesses and Personal Finance

History of World Bank

It is founded in 1944 and John Maynard Keynes, Harry Dexter White was the founder of it.

It is consider as biggest source of funding provider

Also called Wikipedia of developing countries. Its parental organization is called the world bank group. It generally provides help to the developing and under-developing countries by granting a certain amount of Interest.

Source

World bank Headquarters

The headquarters of  bank is in Washington, D.C. United States.

Functions Of World Bank

Builds the environment of foreign investments.

Promotes basic necessities by providing loans such as irrigation, agriculture, water supply, health, education, etc

This is seen that many times a country destroyed due to war crises, it help the country Overcome such a situation by granting the loans.

To extinct the problem of poverty  and raise the standard of living it gives financial resources

By doing some economic reform it indulges in the process of industrialization in underdeveloped countries.

It always takes part in the development projects. Same like it the government of the country reduces the Corporation Tax

 Long term capital

We all are divided at the level, of caste, color, gender, money race, etc. It tries to maintain the equalities in the world.

Sustainable growth is the aim of it.

Works to implement rules and regulations in the world so that everyone enjoys their rights.

Facilitates research facilities.

Supports the government of its member nation by promoting education in their country.

Bank is concern about the environment so it regularly issues the advisory to make it clean and healthy

World Bank give two types of the loan first is investment loans for economic and social development.

it gives loan only the developing countries for a particular period of time for the work of building roads, dams, and other infrastructure. The other loan is investment loans. It has achieved an adorable success for almost 60 years.

It’s logo is registered logo if anyone is using it then it needs a permission.

Voting power

Voting Right

Voting power has been revised over so that poor and underdeveloped countries get enough chance for the development: Different percentage of various country voting right In World Bank is
United States (15.85%)
Japan (6.84%)
China (4.42%), Germany (4.00%), The United Kingdom (3.75%)
France (3.75%) 
India (2.91%)
Russia (2.77%)
Saudi Arabia (2.77%)
Italy (2.64%).

World Bank Interest Rate

world bank

This keeps on revising for a period of six months. Generally, an interest of 0.5 is on loan which borrower lend

Conclusion

It is an International Financial Institution that provides loans and grants to the governments of poorer countries to carry over a financial project. It has two sub-categories:

The International Bank for Reconstruction and Development (IBRD)

International Development Association (IDA)

Its parental organization is called the world bank group.

Generally provides help to the developing and under-developing countries by granting a certain amount of Interest. This bank is something like Reserve Bank Of Bank

In the World Bank helps our country India .Recently It’s CEO praises Indian PM

FAQ (Frequently Asked Questions )

This is Anurag Dwivedi. I have completed my B.A from Allahabad University. Help you at content writing, WordPress site development, FB ads, and SEO

Anurag Dwivedi
This is Anurag Dwivedi. I have completed my B.A from Allahabad University. Help you at content writing, Wordpress site development, FB ads, and SEO
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