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World Bank Controversy

The world Bank which was known as the International Bank for Reconstruction Development (IBRD) was established to help fund rebuilding infrastructure in Europe after the Second World War . Over the years the World Bank groups official goals have shifted from helping to finance global infrastructure projects to reducing extreme poverty by 2030 and raising income of poorest 40% globally. However, It has had converses over the years. The World Bank may be perpetuating the problem of the global economy in poorer countries, not intentionally merely by following the fiscal rulebook on which wealthier nations are run. Do you think world bank is a control tool for poor nations ?

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