influence on economic activities

• Privatisation of state-owned enterprise

  • the world bank promotes the privatisation of SOEs to improve efficiency and reduce the role of the state in the economy 
  • Structural Adjustment Programmes encourage the sale of government-owned enterprises to private investors 
  • privatisation is believed to enhance competition, attract private capital an lead to better management of resources 
• Liberalisation of trade and investment

  • The world bank encourages trade and investment liberalisation to integrate economies into the global market 
  • this involves reducing tariffs, removing import quotas, and allowing more foreign ownership. These reforms make economies more open, competitive and attractive to foreign investors
• Deregulation and reducing government intervention

  • Structural Adjustment Programmes aim to reduce government intervention in the economy by promoting deregulation 
  • This involves simplifying business regulations, cutting bureaucratic red tape, and promoting competition . Deregulation helps create a more efficient, business-friendly environment 
• Infrastructure development 

  • the WB funds infrastructure projects to boost productivity and improve access to services
  • by investing in infrastructure like roads, water and sanitation, the WB helps nation increase economic activity and improve living standards
• Research and technological transfers

  • the WB provide institutional support through research and technology transfer to guide economic reforms 
  • Alongside funding, WB offers research, data and technological expertise to help nations adopt modern, effective solutions to their economic challenges