Joke Collection Website - Mood Talk - How does the World Bank help developing countries? Like China?
How does the World Bank help developing countries? Like China?
Some agricultural projects in China have also received low-interest loans from the World Bank.
It is a specialized agency under the United Nations and an international financial institution responsible for long-term loans. The World Bank was established in accordance with the International Bank for Reconstruction and Development Agreement adopted at the Bretton Woods Conference in the United States in 1944. Its purpose is to provide funds for the revival and development of member States through production investment; Promote foreign investment and human investment through loan guarantee or participation in loans and other forms of investment. When member countries cannot obtain private capital under reasonable conditions, they will give direct loans to member countries with their own funds or funds raised by banks under appropriate conditions to supplement the shortage of private investment; By encouraging international investment, developing the production resources of member countries, providing technical advice and improving production capacity, we can promote the balanced growth of international trade and improve the balance of payments of member countries. According to the purpose of the World Bank, its main business activities are to provide long-term loans to developing member countries, to provide loans and technical assistance to member governments or private enterprises guaranteed by governments, and to finance the construction of some construction projects with long construction period and low profit rate, which are necessary for the country's economic and social development.
The World Bank mainly focuses on helping the poorest people and countries. For all its borrowers, the World Bank emphasizes the following needs:
1. Invest in people, especially by providing basic health care and education services;
2. Protect the environment;
3. Support and encourage the development of private enterprises;
4. Strengthen government capacity, improve efficiency, increase transparency and provide quality services;
5. Promote reform and create a stable macroeconomic environment conducive to investment and long-term planning;
6. Pay attention to social development, participation, good governance and institution-building as key elements for poverty reduction.
For example, on June 2, 2006, 10/day, the World Bank lent 20 million US dollars, the British Department for International Development granted 0.0 million US dollars, and a certain amount of domestic matching funds to carry out the technical assistance project of "China Economic Reform Implementation", aiming at strengthening the institutional capacity building of government departments at all levels in China and promoting the implementation of the reform and development strategy determined by the central government.
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