World Bank Group Case Study

The World Bank Group is a cluster of five international organizations which provide advances to meagre countries. World Bank is the largest prominent and recognized development bank in the world and it is acting as the onlooker in the United Nations Development Group. It is located in Washington, D.C. It has financed the developing countries and as well the countries which were undergoing major economic change during 2012 with an enormous amount of $30 billion. Basically, it tends to follow the mission statement which is to trim down poverty.

The main concern of The World Bank 's (the IBRD and IDA 's) is to provide adequate financial support to developing countries in social humanoid growth which involves education, health and agricultural

Catherine Caufield provided the flamboyant details of the projects that were sponsored by the World Bank to help the poor people but in reality they made rich people richer. The World Bank is only largest moneylender to the third world of poor countries. World Bank has great influence on the third world countries. It not only provides fund to them but also draft the projects sponsored by it.It determines the outlines, objectives, designs and outlook the all proposed projects. The government of those countries is also influenced by World Bank decisions. In other senses we can say that those countries became the puppet in hands of the bank. In order to keep itself at top position, it spends a large sum on promoting its philosophy of development by organising conferences, symposiums and

As per her research, India was the largest client of World Bank. She explained about some projects and their conditions and realities. In India there was the Narmada Valley Development Plan, according to this plan, the Indian government planned to build the Sardar Sarovar Dam across the Narmada River. According to Caufield land of 320,000 people was acquired, which involved a large portion of native people and the correct figure for them was 225,000 .In 1991, there was independent assessment was conducted by Bank for Project which concluded that it has badly affected the flora and fauna of India by pollution .There was a lot of silting and salinization in water due to the project causing a major ecological problem. Ironically it could provide only half the irrigation water promised. In 1992, bank abandoned the project. It was not the end there were many projects of the bank which acclaimed only criticism for e.g. Sardar Sarovar Project, Karjan Dam, Damanganga Project .In the Indonesia, the implementation of proposed project caused devastation of island soil. Bank was concentrated only on GNP and completely neglected the ecological factors that the soil on the external islands was poor. Caufield quotes with approval a former Bank economist, Herman Daly: “It doesn’t do you any good to have thousands of highly educated