The World Bank is an international financial institution that provides loans to developing countries for capital programs.
The World Bank's official goal is the reduction of poverty. According to the World Bank's Articles of Agreement (As amended effective 16 February 1989) all of its decisions must be guided by a commitment to promote foreign investment, international trade and facilitate capital investment.
The World Bank differs from the World Bank Group, in that the World Bank comprises only two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), whereas the former incorporates these two in addition to three more:International Finance Corporation (IFC), Multilateral Investment Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID).
The World Bank is one of five institutions created at the Bretton Woods Conference in 1944. The International Monetary Fund, a related institution, is the second. Delegates from many countries attended the Bretton Woods Conference. The most powerful countries in attendance were the United States and United Kingdom, which dominated negotiations.
World is a common name for the whole of human civilization, specifically human experience, history, or the human condition in general, worldwide, i.e. anywhere on Earth.
In a philosophical context it may refer to: (1) the whole of the physical Universe, or (2) an ontological world (see world disclosure). In a theological context, world usually refers to the material or the profane sphere, as opposed to the celestial, spiritual, transcendent or sacred. The "end of the world" refers to scenarios of the final end of human history, often in religious contexts.
World history is commonly understood as spanning the major geopolitical developments of about five millennia, from the first civilizations to the present.
World population is the sum of all human populations at any time; similarly, world economy is the sum of the economies of all societies (all countries), especially in the context of globalization. Terms like world championship, gross world product, world flags etc. also imply the sum or combination of all current-day sovereign states.
This century is the 21st century in the Gregorian calendar.
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Third world is plagued by poverty and the world bank is the cause
An instrument of transnational companies to overule domestic laws
Serving merely as a weapon for american foreign policy leverage
Starvation is considered an effective repayment incentive
The initiating step in US planned destabilizaion Is extorting money by economic manipulation
With world bank interference development is prevented
Their actions differ greatly from the compassionate image that's presented
Restructuring the world ecomomy is the world bank and the IMF
Benefitting the richest countries while developing nations are bled to death
The third world is descended so deeply into debt that their economies can't function
The demand for outrageous interest force these countries to increase production
Ecuador is forced to porduce more oil to repay all it's debt
This strain upon the ecosystem's an environmental threat
Rainforests have been ravished for iron smelting i Brazil
Ten million people have been forced from the land the world bank steal
Structural adjustment programs have pushed Peru to poverty
While many African nations suffer from extreme austerity
Restructuring the world economy is the world bank and the IMF
Benefitting the richest countries while developing nations are bled to death
Establishing puppet dictators whose actions are devestating
The world's economists line their pockets with the regimes that they're creating
They're the power watchdog security guarding where first world interests lie
They slash and burn the rainforests or build another dam
They systematically drive the indigenous people off of their land
They've paved the way for industry to legally cease resources
By imposing the political policies their leashed tyrant enforces
Restructuring the world economy is the world bank and the IMF