scholarly journals Entrepreneurial finance in Serbia: The role of the World Bank Group

2018 ◽  
Vol 15 (3) ◽  
pp. 35-48
Author(s):  
Isidora Ljumović ◽  
Marko Kojović ◽  
Vladan Pavlović
Keyword(s):  
World Bank ◽  
World Bank Group ◽  
Entrepreneurial Finance ◽  
The World Bank ◽  
The World ◽  
Bank Group

The Role of the World Bank in the World Politics on the Example of Providing Education on the Global Level

2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Natalia BERUASHVILI ◽  
Nika CHITADZE
Keyword(s):  
World Bank ◽  
World Politics ◽  
World Bank Group ◽  
Global Level ◽  
Global Partnership ◽  
The World Bank ◽  
The World ◽  
Education Strategy ◽  
Bank Group

The paper explores the main principles of the World Bank Group functioning on the global level and its role in promoting education in different Regions of the World. Particularly, such various aspects related to education are analyzed as: unequal development of the level of education in different states, which represents one of the key problems for the World Bank; the role of the World Bank in resolving the problems of education, especially in the countries of ‘Global South’; the functions of the Global Partnership for Education (GPE); Collaboration between World Bank Group and GPE; World Bank Education Strategy 2020; Innovations, which have been introduced by the World Bank in the system of education, etc. 

scholarly journals BRICS Countries: Participation in the Governance Reform of the International Monetary Fund and the World Bank Group. What are the Results?

2019 ◽  
Vol 12 (3) ◽  
pp. 58-67
Author(s):  
L. N. Krasavina
Keyword(s):  
World Bank ◽  
World Bank Group ◽  
Governance Reform ◽  
Brics Countries ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The International Monetary Fund ◽  
The Imf

The article analyzes the BRICS countries’ participation in the management reform of the International Monetary Fund and the World Bank Group as an institutional framework of the Jamaica Monetary System (Jamaica Plan 1976). As the novelty of the study, the author considers this problem in the context of the transition from interstate regulation to global financial and economic regulation. The definition proposed by the author (broader than the term “global financial regulation”) is due to a new assessment of the financial risks. The article substantiates the participation of the BRICS countries (as well as all members of the IMF and the World Bank) in the reform and the interest in the relative stabilization of the world economy and Finance. The author grounded the assessment of the group of 20 (G20) as the initiator of this reform in the context of the global crisis and the gradual weakening of the control of the implementation of the recommendations of the summits. Based on the position of the G20 on an integrated analysis of the role of the Bretton Woods institutions in the Jamaica Plan 1976, the author gave a comparative description of the relationship of their functions and role in the functioning of the two global currency systems over 70 years. The author made conclusions about the effectiveness of the BRICS countries’ participation in the IMF and the World Bank Group governance reform regarding the increase of their share in quotas and votes, and their representation in the form of appointment of their own Executive Director to the IMF Executive Board. It has been revealed the negative impact of the transformation of the role of these institutions in the global financial and economic regulators in connection with the introduction of integrated currency supervision over the preparation and use of the sovereign currency reserves of the countries. Summing up, the author formulated proposals for further strengthening the positions of the BRICS countries in the management of the IMF and the World Bank on the basis of improving the new formula for calculating quotas introduced in 2008.

Unveiling the Theoretical Mistakes in the World Bank Formation and its Implication on Survival of Africa Monetary Union

2019 ◽  
Vol 10 (1) ◽  
pp. 119-124
Author(s):  
Olatunji Abdul Shobande ◽  
Kingsley Chinonso Mark
Keyword(s):  
World Bank ◽  
Monetary Union ◽  
Political Interest ◽  
World Bank Group ◽  
Policy Makers ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The Stability ◽  
Developed Nations

Abstract The quest for urgent solution to resolve the world liquidity problem has continued to generate enthusiastic debates among political economists, policy makers and the academia. The argument has focused on whether the World Bank Group was established to enhance the stability of international financial system or meant to enrich the developed nations. This study argues that the existing political interest of the World Bank Group in Africa may serve as lesson learned to other ambitious African Monetary Union.

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