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World Bank projects cover a range of areas from building schools to fighting disease, providing water and electricity, and environmental protection, and as such, they are linked to most of the Sustainable Development Goals. [5] The World Bank has been criticized as promoting inflation and harming economic development.
The October 2015 report notes that just over 900 million people (12.8 percent of the world population) were living in extreme poverty (less than $1.90 a day) in 2012, compared with 987 million (14.2 percent of the world population) in 2011. It also projects that by 2015 less than 10% of the world's population will fall under the poverty line.
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.
These all proved to be moderately unsatisfactory according to the World Bank evaluation. [4] Although change was slow, by 2007 better results started to come from the projects in Nigeria. In 2016, Nigeria ranked as the 12th highest loan recipient from the World Bank with 6.6 billion dollars. [5] As of 2018, the World Bank has a total of 31 ...
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
The majority of projects that are funded or assisted by the World Bank involve public infrastructure or land management. Land Management projects usually involve direct correlation with the agriculture, sanitation, and urban planning departments. The very first project that the world bank assisted on in Brazil was started on January 7, 1949.
The World Bank Group is the globe’s most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
Demonstrations of sentences where the semantic interpretation is bound to context or knowledge of the world. The large ball crashed right through the table because it was made of Styrofoam: ambiguous use of a pronoun: The word "it" refers to the table being made of Styrofoam; but "it" would immediately refer to the large ball if we replaced ...