Review:
World Bank
overall review score: 4.5
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score is between 0 and 5
The World Bank is an international financial institution that provides loans and grants to the governments of lower and middle-income countries for the purpose of pursuing capital projects. It aims to reduce poverty by providing financial and technical assistance to developing countries for development projects.
Key Features
- Finances development projects
- Provides loans and grants to governments
- Focuses on reducing poverty in lower and middle-income countries
Pros
- Helps developing countries finance important capital projects
- Plays a key role in reducing poverty worldwide
- Provides technical assistance along with financial support
Cons
- Critics argue that the World Bank's policies can sometimes be harmful to local communities
- Accusations of promoting economic austerity measures in recipient countries