World Bank-Role in Avoiding Economic Crisis

World Bank and Economic Crisis

World Bank: How necessary is World Bank in avoiding an economic crisis?

Increased capital flows and economic crisis

Leveraging the liquidity of developed countries

Global Financial Development Report 2013 (GFDR)

World Bank: How necessary is World Bank in avoiding an economic crisis?

As a result of Bretton Woods's conference, the World Bank (WB) was created in 1944. The most influential role in the establishment of WB was played by the U.S. And United Kingdom. This transnational institution comprises of two main institutions named as International Development Association (IDA) and International Bank for Reconstruction and Development (IBRD). The main objective of this establishment is to provide loans to the under-developed and developing countries. Poverty alleviation and promotion of equitable economic growth are also amongst main objectives of this bank. The outcome of WB loans and funding is aimed to be...
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