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The World Bank has made progress in many areas like, urban and rural development, energy production, agriculture, etc... [8] The Rural Access and Mobility Project (RAMP) is one of the World Bank's successful projects. This project's aim was to build and rebuild roads to ameliorate social conditions and bring business in certain communities.
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 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.
Afghanistan is a World Bank Group member country. It has received financial support from the organization since 2002. The World Bank provides loans and grants to support its development and reconstruction efforts. The bank aims to help Afghanistan with matters such as poverty reduction, infrastructure development, education, and governance.
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.
Since 2004, World Bank assistance has evolved into a more collaborative system of support for a policy agenda with significant domestic control and guidance, better conforming with Indonesia's middle-income country classification. As of March 2017, the Bank's lending portfolio comprised 31 ongoing projects, totaling $7 billion in investment value.
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 ...
During this time frame the World Bank Group (WBG) completed three projects within Myanmar: Two railway projects and a project for the Port of Rangoon. The approved fundings for these projects totaled US$14M. No data is available for the ratings or results of these projects. All three of these projects were funded by the IBRD. [2]