World Bank

• What does IMF stand for?

  International Monetary Fund
• What type of loans does the IMF provide?

  Short term loans
• Who wanted reconstruction and development mainly after the war?

  Keynes
• What does WB stand for?

  World Bank
• What is the primary aim of the World Bank?

  Helping rebuild after WW2
• What has the World Bank refocused on?

  Developing countries
• What are the key roles of the World Bank?

  • Provides long term loans
  • Implements Structural Adjustment Programs (SAP)
  • Encourages free market economies
• What is a condition for the World Bank's SAP?

  More free market driven economies
• What does the Washington Consensus promote?

  Capitalist and free market mindset
• What is a criticism of the World Bank regarding risk?

  It is risk averse
• What do critics say about the staffing of the World Bank?

  It is hugely overstaffed
• How do critics view the World Bank's response to criticisms?

  Overly sensitive to criticisms
• What is a concern regarding the influence of powerful member countries on the World Bank?

  Decisions favor powerful countries' interests
• What is the World Bank's approach that some critics find problematic?

  Infrastructure-centric approach
• What areas do critics believe the World Bank neglects?

  Education, healthcare, and social services
• What do critics claim about the World Bank's response to climate change?

  It has failed to address the crisis
• What is the Washington Consensus needed for?

  • Development
  • Economic stability
  • Structural reforms
• What is the main criticism of the World Bank's flagship projects?

  They are overly sensitive to criticisms
• How can the influence of powerful member countries be measured?

  Through decision-making processes
• What is the relationship between the World Bank's mission and climate change?

  Climate change is inadequately addressed
• How many members does the World Bank have?

  189 members
• What is the primary goal of the World Bank?

  To reduce poverty at different income levels
• What types of countries does the World Bank mostly work with?

  LICs and NEEs
• What does the World Bank provide loans for?

  Improving public health and combating food security
• What is one of the objectives of the Washington Consensus?

  To promote trade
• What is the GDP income threshold for LICs?

  Less than $1,000
• What is a significant issue in Niger's economy?

  It is dependent on agriculture
• What percentage of people in Niger were in extreme poverty in 2023?

  48.4%
• What project did the World Bank implement in Niger?

  PRAPS project to support livestock herders
• What is a major contributor to the DRC's GDP growth?

  Mining sector
• What percentage of people in the DRC live on less than $2.15 a day in 2023?

  74.6%
• What is the expected economic growth of the DRC in 2023?

  15.4%
• What is the GINI income range for middle-income countries?

  $1,186 - $4,465
• What is a significant issue in Angola's economy?

  High inequality due to oil dependency
• What was the youth unemployment rate in Angola in 2023?

  58%
• What does the IDA branch of the World Bank provide?

  Zero-to-low interest loans
• What was Guyana's economic growth rate in 2023?

  38%
• What was the decline in poverty in Guyana from 2006 to 2019?

  12%
• What was the UK's economic growth rate in July 2024?

  0%
• What are the main objectives of the World Bank's initiatives?

  • Improve public health
  • Combat food security
  • Reduce environmental damage
  • Improve public accountability
  • Enhance economic diversity