The Role of the World Bank

Paper Summary:

This paper presents an analysis of global financing and exchange rate topics. The paper provides information regarding the role of international financial institutions, specifically the role of the World Bank, on the highly global and technologically advanced economic processes.

From the Paper:

"The World Bank's role still has reconstruction of devastated scenarios as a main mission, however, today the world is in need of relief for the masses suffering from poverty and the inherent affects associated with poverty. "Today's Bank, however, has sharpened its focus on poverty reduction as the overarching goal of all its work. It once had a homogeneous staff of engineers and financial analysts, based solely in Washington, D.C. Today, it has a multidisciplinary and diverse staff including economists, public policy experts, sectoral experts, and social scientists. 40 percent of staff are now based in country offices." (The International Bank for Reconstruction and Development/The World Bank, 2004)"

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