1. A History of The World Bank
EDI (Economic Development Institute), 3. ... Investment in the developing world is done by lending for projects unable to attract private financing, neoliberal philosophy is followed to decide what is considered economic development. ... Before extending a loan, a very rigorous economic and financial analysis of the proposed project is done so that a targeted ROI of 10% is met. ... The Economic Development Institute was established in 1955 to train government officials from the developing world in economic and financial management. ... During this time, emphasis on building economi...
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