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World Bank - International organisations and arrangements, International Business Video Lecture | International Business - B Com
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FAQs on World Bank - International organisations and arrangements, International Business Video Lecture - International Business - B Com
| 1. What is the World Bank? |  |
Ans. The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing development projects. It aims to reduce poverty and support sustainable economic growth.
| 2. How is the World Bank different from the International Monetary Fund (IMF)? | |
Ans. While both the World Bank and the IMF are international financial institutions, they serve different purposes. The World Bank primarily focuses on providing financial assistance for development projects, such as infrastructure development and poverty reduction, whereas the IMF focuses on promoting global economic stability and providing financial assistance to countries facing balance of payments problems.
| 3. What are the main functions of the World Bank? | |
Ans. The World Bank has several key functions. It provides financial resources to help countries implement development projects, offers technical expertise and knowledge sharing to support reforms and capacity building, conducts research and analysis on development issues, and promotes international cooperation and coordination in development efforts.
| 4. How does the World Bank finance its operations? | |
Ans. The World Bank raises funds from several sources. It obtains capital through borrowing from financial markets, receives contributions from member countries, and generates income from the interest and fees charged on loans and other financial products. It also issues bonds to raise additional funds for development projects.
| 5. How does the World Bank ensure the effectiveness and accountability of its projects? | |
Ans. The World Bank has established various mechanisms to ensure the effectiveness and accountability of its projects. It conducts thorough project evaluations and assessments to monitor and measure the impact of its interventions. It also promotes transparency by publishing project information and engaging with stakeholders. Additionally, the World Bank has an Independent Evaluation Group that conducts independent evaluations of the Bank's operations to ensure accountability and learning.
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Nov 16, 2024 Last updated |
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