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The World Bank: Does it Really Help Developing Nations?

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  • Strongly Liberal Democrat
    Democrat
    Portland, OR
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    When the World Bank was chartered back in 1944, the purpose of its founding was to reduce the rampant poverty that was ravaging the world after the end of the war. It has since morphed into a massive behemoth, handing out loans to over 100 countries in exchange for questionable demands on return. While the bank has helped some of the larger countries begin to dig themselves out of deep poverty, it also has made it rather difficult for the smaller countries to repay their debt owed to the bank. Not only that, but these smaller countries populations remain in deep poverty because of the steep demands placed on them by the bank. Thoughts on the World Bank and if it has been a bane or boon to the world at large?