The world Bank

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Title: The world Bank

Essay Details:

Subject: Business

Author: Richard A

Date: February 14, 2012

Level: University

Grade: A

Length: 10 / 2880

Essay text:

The World Bank was set up initially as an aid organization to help foster the reconstruction of Europe, and later guarantee loans made by private banks for projects in the poorer, developing countries 1. The former of the objectives never eventuated to the extent of its founder's hopes. The World Bank otherwise known as The Bank was subjugated to a minor role in the post war reconstruction of Europe, due to the more robust influence and attraction of the Marshall Plan. Of the 41.8 billion in loans, made in the decade after the end of the war, only 497 million was disbursed from The Bank. This was a result of the war-torn countries needing rapidly disbursed grants and concessional loans for balance of payments support and imports necessary to meet basic needs...

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