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Business Environment by A. C. Fernando

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49

THE WORLD BANK GROUP

In this chapter, we study the genesis, the focus and the functions of the World Bank Group. Further, we also study the membership of the World Bank, its funding operations, its lending policies, its poverty-reduction strategies and its association with the Millennium Development Goals. Finally, we look at IMF-World Bank's work in developed and poor countries, examine the criticism of World Bank's functioning and the World Bank support to India. After reading this chapter, you will have a clear understanding of the functions and contributions of the World Bank Group especially with particular reference to developing countries like India.

GENESIS

The World Bank Group is the world's foremost sources of funding as well ...

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