World BankWorld Bank you have succeeded? Why or why not  

4 Answers | Add Yours

litteacher8's profile pic

litteacher8 | High School Teacher | (Level 3) Distinguished Educator

Posted on

One of the problems with trying to help impoverished countries is that where there is severe poverty there is also usually severe corruption. It is important that the World Bank exists to help where it can, but we cannot expect it to work miracles in these parts of the world where corruption is so rampant.
readerofbooks's profile pic

readerofbooks | College Teacher | (Level 2) Educator Emeritus

Posted on

While the World Bank and IMF has done some good, but there are some dangers as well. In the long run these can cause scandals and many other problems. In this sense, we can say that the World Bank is not successful.  Let me name a few of them. First, they do not have a democratic structure. So, you have to ask who has power. It is usually industrialized countries that have sway. Second, even in their project, they have too much power and can hard the indigenous people.

accessteacher's profile pic

accessteacher | High School Teacher | (Level 3) Distinguished Educator

Posted on

There certainly is plenty of evidence to argue that the World Bank has and is doing a good job if you look at its website and various other literature. However if you look at the way it has handled loans and debt repayments, you could argue that this is definitely something that has not helped poorer countries to develop.

rrteacher's profile pic

rrteacher | College Teacher | (Level 2) Educator Emeritus

Posted on

Proponents of the World Bank would cite its providing much-needed capital to developing nations, especially in Africa, to undertake improvement projects. They argue that these funds, and this development, is needed to promote better ways of life for people in poor countries.

Opponents would cite its willingness to loan money to corrupt regimes with terrible human rights records, its inefficiencies in securing repayment of loans, and poor decision-making in funding projects around the world.

We’ve answered 318,928 questions. We can answer yours, too.

Ask a question