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There are five "closely associated institutions" that each have a "distinct role" [4] and together form the World Bank—the IBRD, the International Development Association (IDA), the International Finance Corporation (IFC), that "invests in private firms and promotes entrepreneurship", [5] the Multilateral Investment Guarantee Agency (MIGA), that guarantees loans, and the International Centre ...
For example, the World Bank established itself as a data gatekeeper in this process through its broad mandate, staff, budget, and expertise in large-scale data collection. The bank became formally involved in about 20 percent of all 231 SDG indicators; it served as the custodian agency for 20 of them and was involved in the development and ...
A World Bank study from 1999 concluded that based on the theory of genuine savings (defined as "traditional net savings less the value of resource depletion and environmental degradation plus the value of investment in human capital"), policymakers have many possible interventions to increase sustainability, in macroeconomics or purely ...
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
In the spring of 2011, the World Bank urged Kenya’s finance ministry to end the evictions until the bank could help the government work out a plan for addressing the Sengwer’s concerns. According to bank officials, Kenyan authorities agreed to stop the evictions until they found new land where the Sengwer could relocate.
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
This ethic was articulated by Bessie Anderson Stanley in 1911 (in a quote often misattributed to Ralph Waldo Emerson): "To leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition; To know even one life has breathed easier because you have lived. This is to have succeeded."
Since its creation in 1995, the World Trade Organization (WTO) has worked to maintain and develop international trade. As one of the largest international economic organizations (alongside the International Monetary Fund (IMF) and the World Bank ), it has strong influence and control over trading rules and agreements, and thus has the ability ...