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Analysis of The World Bank Group

            It is impossible to deny that in the last century, more improvement has been made to reduce poverty and raise living standards than during any other period in history. Most developing countries hold life expectancies of 55 to 64 years. Furthermore, Income per person has doubled and Infant Mortality has been reduced by 50 percent. Despite the successes, massive development challenges remain. Three billion people live on less than 2 dollars a day and 1.3 billion live on less than one dollar a day. Over 50,000 people die each day from preventable disease. 130 million never have the chance to go to school and 1.3 billion do not have safe drinking water. Allowing poverty to increase in developing countries adversely affects established nations as markets and investments opportunities shrink, the environment is damaged and people migrate in search of work and higher incomes. The World Bank was created with the mission to help countries strengthen and sustain the fundamental conditions they need to attract and retain private investment. With World Bank support financial and nonfinancial governments are reforming their overall economies and strengthening banking systems. They are investing in human resources, infrastructure, and environment protection, which enhance the attractiveness and productivity of private investment. .
             The World Bank Group .
             The World Bank Group led by president Jim Yong Kim comprises five organizations: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). The term World Bank refers to only IBRD and IDA. The World Bank is the largest provider of development assistance to developing countries and countries in transition, committing about $20 billion in new loans each year.

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