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The Interesting Instrument Of The World Bank

The interesting instrument of the World Bank

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Title: The interesting instrument of the World Bank

Essay Details:

Subject: Social Issues

Author: Louise C

Date: August 21, 2012

Level: University

Grade: A

Length: 5 / 1367

Essay text:

The Bank is associated with the United Nations as a specialized agency. The Bank obtains funds for its operations from the following sources: capital subscribed by its 74 member countries, which include 19 of the Republics of Latin America; sales of Bank bonds in the various capital markets of the world; and net earnings on its operations. In addition, sales of portions of Bank loans to other investors and repayments of loans permit the Bank to recover its funds, and thereby serve to reduce the amount which the Bank must obtain from other sources for its lending operations. We live in a world so rich that global income is more than $31 trillion a year...

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