The World Bank, the world’s largest international development organization, has long faced criticism for a host of perceived shortcomings, including imposing coercive conditions on its loans to developing countries, instituting insufficient environmental safeguards in its projects, and failing to properly consult civil society in the countries where it operates. Lately, however, it has also come under fire for not mobilizing the necessary funds to help developing countries tackle climate change. In February, U.S.
    • MrMakabarEnglish
      2·
      11 months ago

      The World Bank is basicly the central bank of central banks. The World Bank is owned by all UN members besides Andorra, Cuba, Liechtenstein, North Korea and Monaco. So this is a government institution and not a for profit capitalist enterprise.