Ezeani In this essay, I intend to analyse how globalisation has increased world poverty and inequality. It seems necessary as this topic is approached to adumbrate the meanings of some of the terms used here.
In this essay we will discuss about World Bank Group. After reading this essay you will learn about: Meaning of World Bank 2.
The International Bank for Reconstruction and Development 3. International Development Association 4. International Finance Corporation 5. The Multilateral Investment Guarantee Agency 6. Meaning of World Bank: The World Bank Group consists of five closely associated institutions Fig.
Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. The World Bank is a vital source of financial and technical assistance to developing countries around the world.
Each institution plays a different but supportive role in its mission of reducing global poverty and improving living standards.
Together these institutions provide low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communication, and many other purposes. The World Bank is run like a co-operative, with member countries as its shareholders.
The number of shares a country has is based roughly on the size of its economy.
The US is the single largest shareholder with The rest of the share is divided among its other member countries. They share the same staff and headquarters, report to the same president, and evaluate projects with the same rigorous standards.
The International Bank for Reconstruction and Development: Subsequently, it shifted its attention to developing countries. It aims to reduce poverty in middle-income and creditworthy poor countries by promoting sustainable development through loans, guarantees, risk management products, and non-lending analytic and advisory services.
The income that IBRD has generated over the years has allowed it to fund developmental activities and ensure its financial strength, enabling it to borrow in capital markets at low cost and offer good borrowing terms to clients. IBRD helps clients gain access to capital and financial risk management tools in larger volumes, on better terms, at longer maturities, and in a more sustainable manner than they could receive from other sources.
However, unlike commercial banks, IBRD is driven by development impact rather than profit maximization. It helps to reduce inequalities both across and within countries by allowing more people to participate in the mainstream economy, reducing poverty, and promoting more equal access to the opportunities created by economic growth.
Presently it has members.Poverty represents poor quality of life, illiteracy, malnutrition, lack of basic needs, low human resource development, etc. It is a biggest challenge to the developing country especially in India. It is a phenomenon in which a section of people in the society cannot fulfill their basic necessities of life.
If you want to make your essay on poverty, which is a kind of environment essay, look persuasive, you should probably use several sources in your work.
These are the techniques, which can make your essay on poverty look very argumentative. Your paper will look credible if you use some statistical data.
As you can see, there are over a billion people living in poverty around the world. America's stagnant poverty line. The following sample essay on poverty was brought to you by Ultius, the platform that matches you with qualified freelance writers.
Works Cited. Glennerster, Howard. "United States Poverty Studies and Poverty Measurement: The /5(80).
Essay # 2. The International Bank for Reconstruction and Development. The International Bank for Reconstruction and Development (IBRD) is the oldest of the World Bank Group institutions established in to help Europe recover from the devastation of World War II.
5 / GLOBAL POVERTY GLOBAL POVERTY / 6 Figure 1: Percent of people in the world at different poverty levels, Source: World Bank Development Indicators Globally, the number of people living below the international poverty line of $ per day fell from billion to billion between and , according to World Bank statistics.
Essay on Developing Countries (Third World Nations) A developing country is a country with low average income compared to the world average. The ‘developing’ part of ‘developing country’ may be considered optimistic, as many of the poorest countries are hardly developing at all; some have even experienced prolonged periods of negative, economic growth.