Is the World Bank reliable source?
The application of internationally accepted standards and norms results in a consistent, reliable source of information.
The World Bank Economic Review (WBER) is one of the most widely read scholarly economic journals in the world.
The World Bank Group is one of the world's largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.
The World Bank provides financing, advice, and other resources to developing countries in the areas of education, public safety, health, and other areas of need. Often, nations, organizations, and other institutions partner with the World Bank to sponsor development projects.
Criticisms of the World Bank
Conditionality: The World Bank has been criticized for attaching conditions to its loans and assistance, which are often referred to as "policy conditionality." Critics argue that these conditions can be onerous and may not reflect the needs and priorities of the recipient countries.
When citing World Bank data in your reference list, list "World Bank" as the author, followed by a comma. Then type "World Development Indicators" as the name of the database. Place a period at the end. Example: World Bank, World Development Indicators.
A good place to find credible sources for research reports, papers, and presentations. Searching for sources is easy. This is a great research tool for students to use when looking for credible sources and one that I would recommend that students in upper middle, high school, and college use.
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.
World Bank Summary. World Bank, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.
Carlos Rossel is the Publisher of the World Bank Group and has more than 25 years of experience in international professional and scholarly publishing.
Why is the World Bank so controversial?
Developing nations have argued that the World bank is too slow, inefficient, unaccountable and lacks the organisational culture to tackle climate change.
The old Doing Business, which was cited widely from boardrooms to classrooms, was canceled after accusations that bank staff gave China preferential treatment in the report's annual country rankings. Governments were also juking their own stats to get a higher spot in the list of business-friendly countries.
The results of the survey demonstrated that the World Bank has substantially greater influence over the direction, design, and implementation of government policies than most of its bilateral and multilateral peers.
Criticism and debate
Opponents of the IMF argue that the loans enable member countries to pursue reckless domestic economic policies knowing that, if needed, the IMF will bail them out. This safety net, critics charge, delays needed reforms and creates long-term dependency.
The World Bank has published over 200,000 documents to increase understanding of development policies and programs. These reports, working papers, and documents, along with the primary data on which they are based, are available online at no cost.
The organizations that make up the World Bank Group are owned by the governments of member nations. They make decisions on all matters, including policy, financial or membership issues.
Technically the World Bank is part of the United Nations system, but its governance structure is different: each institution in the World Bank Group is owned by its member governments, which subscribe to its basic share capital, with votes proportional to shareholding.
In addition to ever-growing content at no added cost, we are committed to delivering high-quality, curated journal collections that provide full-run coverage and long-term preservation. This has helped to make JSTOR one of the most trusted and relied-upon research and teaching platforms.
A credible or reliable source is one where you can trust the information that the source provides. You can rely on the information provided within the source because the person, publisher, or institution that is providing this information is a credible source for that information.
The United States was a leading force in the establishment of the World Bank in 1944 and remains the largest shareholder of the World Bank today.
What is the answer to the World Bank has consented?
Expert-Verified Answer
(a) The World Bank has consented: This indicates that the World Bank has given its agreement or approval. (b) to sanction: "Sanction" in this context means to approve or authorize. The World Bank has agreed to sanction or approve something related to the project.
Although governments do hold power over countries' economies, it is the big banks and large corporations that control and essentially fund these governments. This means that the global economy is dominated by large financial institutions.
The World Bank provides free and open access to a comprehensive set of data about development in countries around the globe, together with other datasets cited in the data catalog.
Global institutions are needed to. stabilize and monitor the global marketplace. What is an accurate description of the World Bank? It focuses on helping developing countries to fight poverty through investments in the underlying structure of the country.
The World Bank is an international development organization owned by 187 countries. Its role is to reduce poverty by lending money to the governments of its poorer members to improve their economies and to improve the standard of living of their people.
