The World Bank and the IMF are the main institutions which perform the function of managing globalization in financial terms. This paper will present a case study of the World Bank. The World Bank Group appoints five institutions that are intended to promote, economic development of member countries, especially developing countries by providing financial and technical assistance.
[...] The social role of the World Bank is also essential. The group attaches more importance to expenditure on projects that develop the social order. In of loans from the World Bank were for social spending, and this figure is constantly on the rise. Similarly, the bank is involved in the fight against AIDS, for which it finances the activities of an American NGO. Sustainable development is another priority for the World Bank. It provides funds for projects such as developing a drinking water system, construction of infrastructure, and sanitation in collaboration with other development banks. [...]
[...] Internal organization of the World Bank Group The World Bank Group is based in Washington DC (USA) and has 184 members. It has local offices in 67 countries and employs over 8,000 employees working at the implementation of projects. Most of these employees are involved in a particular sector and in a specified geographical area. Through this structure, the bank has sought to continuously adapt its organization to ground realities. These efforts helped increase internal consistency and improve the organization's external effectiveness. [...]
[...] To achieve these objectives, the means used by the World Bank Group are: - To develop a corporate strategy that clearly articulates its borrowers, lenders, shareholders, partners and beneficiaries directions and strategies of bank. - To establish an effective communication strategy. This aims to bring the opinion of the public and of institutions to a favorable position with respect to the group's shares. - At the management level, the group aims to increase the effectiveness of its powers and its management mechanisms to improve the results of his actions and the overall functioning of the World Bank. [...]
[...] Similarly, in a crisis, the role of the World Bank is to maintain the credit provided by commercial banks. This regulatory role is very important. B. Means and conditions for intervention A debate is currently underway regarding the pricing of World Bank interventions in particular and all multilateral development banks in general. It is a debate about the rising costs of loans provided by the World Bank to middle-income countries. This increase in costs is expected to have the following positive effect: - it would encourage countries to turn to capital markets more often, and will bring additional resources to the bank, which will reduce its financial fragility to some degree. [...]
[...] The financial commitments of IDA in 2001 amounted to 6.8 billion dollars in 134 projects. The IBRD and IDA also undertake co-financing of projects with other funders which may be states or commercial banks. The IFC was founded in 1956 and has 175 members. Its mission is to promote the private sector in developing countries by providing and mobilizing capital in the form of loans and equity participation. It also has an advisory role, particularly in financial markets and with respect to privatization. [...]
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