World bank
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Last updated 10:37 AM on 5/21/26
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8 Terms
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When was the world bank established?
1944
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Why was the World bank established?
To lend money to the developing world to fund development
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Why does the world bank lend money?
Ensure that all countries develop ties to the global economy by accepting FDI
4
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How does the World Bank make development loans to developing countries?
Within a free market that promotes trade which benefits TNCs
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How much in loans did the World Bank distribute in 2022?
$115bn
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What voting system does the world bank have?
Proportional
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How much percent of votes does USA have?
16%
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Why did the WB gain a bad reputation in the 1970s?
Financed projects which were environmentally damaging