With World Bank support financial and nonfinancial governments are reforming their overall economies and strengthening banking systems. ... The term World Bank refers to only IBRD and IDA. ... The World Bank opened for business on June 25, 1946. ... IDA also funds projects that protect the environment, improve conditions for private business, and back reforms aimed at liberalizing countries' economies. ... To be eligible for IFC financing, projects must be profitable for investors, benefit the economy of the host country, and comply with stringent environmental guidelines. ...

• Word Count: 3014
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate

" In the vein of post-development thinkers, they agree that the construct of development held by the "developed" world has tainted the way development is dealt with in the "developing" world. Gibson-Graham point out the misguided perspective of organizations such as the World Bank which views development as uneven, unidirectional and capitalist. ... They particularly point out the success stories of the cooperative culture in Spain and the social/solidarity economy movements in Quebec to highlight post-development theory in action. ... Establishing a clear defini...

• Word Count: 3546
• Approx Pages: 14
• Grade Level: Graduate