The World Bank as an International Financial Institution

2017 ◽

Vol 1 (1) ◽

pp. 1-9 ◽

Cited By ~ 2

Author(s):

Benjamin Sovacool

Keyword(s):

World Bank ◽

Democratic Republic ◽

Democratic Republic Of Congo ◽

Financial Institution ◽

International Financial Institution ◽

The World Bank ◽

The World ◽

Decision Making Processes ◽

The One

The World Bank remains the largest international financial institution in the world. This case study examines the effectiveness of the World Bank’s Inspection Panel. The Inspection Panel makes it possible for citizens and communities to challenge World Bank projects through an independently administered accountability process. Between 1994 and 2016, the World Bank Inspection Panel has received 112 requests for inspection across more than 50 countries. This case study analyzes the history, dynamics, benefits, and barriers to the Inspection Panel, including an assessment of World Bank projects spread across Albania, Argentina, Bangladesh, Benin, Brazil, Cameroon, Chad, China, Democratic Republic of Congo, Ghana, India, Kenya, Lesotho, Nepal, Nigeria, Romania, Tibet, Togo, and Uzbekistan. On doing so, this case study highlights how Inspection Panels like the one operating at the World Bank can improve and enhance governance outcomes and result in more equitable decision-making processes. Yet there are also limits to what such independent accountability mechanisms can accomplish.

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Part III Human Health and Human Rights, 15 Our Oceans, Our Livelihoods: The World Bank and Oceans Governance

10.1093/law/9780198823964.003.0015 ◽

2018 ◽

Author(s):

Wong Meagan ◽

Elias Olufemi

Keyword(s):

International Development ◽

World Bank ◽

Financial Institution ◽

Marine Biodiversity ◽

Health And Human Rights ◽

International Financial Institution ◽

The World Bank ◽

Ocean Governance ◽

The World

This chapter focuses on the role of the World Bank in ocean governance. Created in 1944, the World Bank is an international financial institution belonging to the United Nations (UN) system. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The chapter first provides an institutional overview and structure of the World Bank before discussing its position in the UN system as well as its mission. It then considers the World Bank’s role in the conservation and management of oceans, and particularly in the areas of food security, marine biodiversity and climate change. It also examines the World Bank’s strategy towards helping to restore ocean health to an optimal through its so-called blue projects.

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THE ROLE OF THE WORLD BANK IN THE GLOBAL LENDING SYSTEM

Public Administration and Civil Service ◽

10.52123/1994-2370-2021-76-1-58-71 ◽

2021 ◽

pp. 79-88

Author(s):

Baubek SOMZHUREK ◽

Raushan ELMURZAEVA ◽

Nurzhanat TALAPOVA

Keyword(s):

International Development ◽

World Bank ◽

Financial Institution ◽

International Development Association ◽

International Financial Institution ◽

Financial Organization ◽

International Bank ◽

The World Bank ◽

The World

This article describes the structure and role of the largest international financial institution, the World Bank, which provides credit services through two institutions, the International Bank for Reconstruction and Development, established in 1944, and the International Development Association, established in 1960, in the global lending system and the specifics of recent years. The structure of the World Bank, which unites about 200 countries, occupies a prominent place in the financial system of the world. Since investment and development loans are a source of financing for the developing and lagging countries of the world. The object of the study is the credit indicators provided by the International Bank for Reconstruction and Development and the International Development Association to States in various regions in the period from 2016 to 2019. The article uses the method of comparative research. As a result, a sufficient assessment of the projects implemented by the international financial organization will be given.

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