Economics World Bank Questions Medium
The World Bank has several goals that aim to reduce poverty and promote sustainable development in its member countries. These goals include:
1. Ending extreme poverty: The World Bank's primary goal is to end extreme poverty by reducing the percentage of people living on less than $1.90 a day.
2. Promoting shared prosperity: The World Bank aims to promote shared prosperity by fostering income growth for the bottom 40% of the population in each country, particularly in developing nations.
3. Boosting economic growth: The World Bank supports policies and investments that stimulate economic growth, create jobs, and enhance productivity in member countries.
4. Investing in human capital: The World Bank recognizes the importance of investing in people's health, education, and skills to foster economic development and reduce poverty.
5. Enhancing resilience to global challenges: The World Bank works to strengthen countries' resilience to various global challenges, including climate change, conflict, and pandemics, by providing financial and technical assistance.
6. Promoting sustainable development: The World Bank promotes sustainable development by supporting projects and policies that address environmental challenges, such as climate change mitigation and adaptation, natural resource management, and sustainable infrastructure development.
7. Improving governance and institutions: The World Bank aims to improve governance and institutions in member countries to enhance transparency, accountability, and effectiveness in public administration and service delivery.
Overall, the World Bank's goals revolve around poverty reduction, inclusive growth, sustainable development, and building resilience to global challenges, with a focus on improving the lives of the poorest and most vulnerable populations.