World Bank and Its Role in the International Arena.

Overview:

The World Bank is an international institution that has the duty to provide poorer countries with finance to reduce poverty. The headquarters are located in Washington, D.C. furthermore, the World Bank is consisting of two institutions and each one has its different strategies and goals to achieve. These institutions are: International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA).

Moreover, the World Bank has a very vital source for financial and technical assistance to countries where people are suffering from poverty by helping these countries through its financial ability as well as experience. Its major concentrations are, to aid poorest countries, increasing their economic growth and improving quality of life. Moreover, with more than 100 countries’ partnership, the institution is aimed to improve health and education, to tackle corruption, inject funds into agriculture sectors, build public facility such as roads and ports as well as protecting environmental issues. Furthermore, the World Bank supports international investments to invest in countries where catastrophe took place or war had occurred in order to help rebuilding these countries.

FORMS OF GOVERNANCE INVOLVED:

The World Bank’s policy has shifted significantly from a phase to another since 1945. Even though, that the bank started to foster weak economies and spread investment in places where countries are financially challenged, its scale has widened to the extent that it has the ability to engage in political issues within the frame of its borrower countries. Moreover, the World Bank plays a role not only as a director to states economies, but more as a partner and a facilitator in economic and social development. Furthermore, the World Bank defines governance as the institutions and traditions in which authority in the country is exercised for the common good; according to the World Bank, there are three processes that the...