The Strengths and Weaknesses of the World Bank as an Agent of Essay

The Strengths and Weaknesses of the World Bank as an Agent of Development - Essay Example The activities of the World Bank emphasize more on its role towards the developing nations, ones which are doing their best to catch on to the bandwagon of the developed nations. The fields that the World Bank focuses upon in these developed nations include human development which can take into concern the subjects related to education and health. The main purpose of World Bank’s creation was to facilitate the activities in the line of the postwar reconstruction. The earliest of loans were thus dedicated in all essence towards the causes of Japan and European nations. The tilt of the World Bank, in the beginning, was thus more on giving away it's funding to the nations which were in the middle of some turbulent times. This did not differentiate on the basis of country’s economic dependency and the respective amounts that it could deliver back to the World Bank in case of economic upheaval. Rather the weight was more on the aspects that were linked with the economic reso urces’ scarcity within the particular country. One of the issues that the World Bank has been persistently focusing its concentration upon is the fact related to the issues that come in line with the endangerment of a particular country’s livelihood. These include the different support programs with respect to HIV and AIDS to name a few. There is particular accent towards the matters related with the reduction of risks in line with the different projects by means of a better system of appraisal as well as different mechanisms are in place to supervise the projects in a better manner. Thus there is a multidimensional approach towards the overall development process. This overall development is in the form of different legal reforms, programs dedicated wholeheartedly towards education and the uplift through short-term activities in the same field, environmental safety programs and concerns including the awareness measures and events.