Question

What is World Bank's mission? What does it do? How does it go about achieving its mission? What does its organizational structure look like? etc.

Answer 1

The World Bank is an international organization that helps to reduce poverty in emerging market countries. Their first objective is to put an end to extreme poverty. It wants to live on $1.90 a day or less by 2030 with no more than 3 percent of people. His second objective is to encourage shared prosperity. This wants to improve the wages of each country's bottom 40% of the population. About 12,000 projects have been funded by the World Bank since 1947. The World Bank is not a conventional word bank. Rather, it consists of two institutions for development. One is the Reconstruction and Development International Bank. It offers loans, loans, and grants.

Overcoming poverty by stimulating growth, especially in Africa.
Help rebuild war-emerging countries, the largest source of extreme poverty.
Provide a tailor-made solution to help middle-income countries stay out of poverty.
Encourage policymakers to stop climate change. It helps control transmissible diseases, especially HIV / AIDS, and malaria. It also tackles financial crises around the world and supports free trade.

The World Bank is like a cooperative, composed of 189 member states. These member countries, or shareholders, are represented by a Board of Governors, which are the World Bank's ultimate policymakers. In general, the governors are finance ministers or development ministers of member countries. They meet at the annual meetings of the World Bank Group's Boards of Governors and the International Monetary Fund once a year. The Governors assign specific tasks to 25 Executive Directors working at the Bank on-site. An executive director is appointed by the five largest shareholders, while elected executive directors serve other member countries.