User:Rawritsturtle

Members ▪ 	International Bank for Reconstruction and Development (IBRD) ▪ 	International Finance Corporation (IFC) ▪ 	International Development Association (IDA) ▪ 	Multilateral Investment Guarantee Agency (MIGA) ▪ 	International Centre for Settlement of Investment Disputes (ICSID)

Mission: Designed to help countries out of poverty as well as influence the economic development in that country. More specifically, it is designed to help human devolpment (health and education, environmental protection, agricultural as well as rural develpment, basic infrastructure needs like roads urban regenteration and electricity, and lastly, governance to help anti-corruption, jerry mandaring and/ or legal insitutions development.   1) fight pverty by financing the states 2) promotes private sector development in rebounding countries   3)Provides long term interest-free loans to the most impoverished developing countries (Less than $500 per caita per year). These are called soft loans becasue of the intrestest free payment plan. 4) It helps Foeign direct investment. It does this by gauranteeing investors are safe from political risk insurance; it also helps the investors choose investments and share information through online communication as well as make on-line investments   5) this is the administrative council to the World Bank. This branch of the bank is responsible for keeping things in check as well as settling disputes between countries. For example, Argintina because the Argentine goverenment encouraged forign investors to file cases agains argentina due to its economic and politcal crisis.

Cons: People in favor of "Neo Colonial" Globalization often protest the world bank and its activities. These same people blame the bank for cutting out national soverignty with various strctural develpment programs. They think that it is giving them too much of a cruch and they aren't doing any o the work. 2) Claims are made that the bank has been known to intervine when  it realizes that a third party private sector, usually in a third world country, has taken out a loan they can't repay. This inturn wipes out the risk-taking entrepenuers who made the state so strong and gives the wealth carelessly to the general public. 3) it disregards the allocation of people. issues. For example in the 1974 Indonesian Transmigration program,This allocating 65 million of the 165 million living on islands back to the mainland. In doing this there was no governemtn clearly established for the new 65 million.

Pros: It is supposed to help countries in poverty get out of it.