General Article What is the World Bank?

Topic Selected: Globalisation
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We live in a world so rich that global income is more than $31 trillion a year. In this world, the average person in some countries earns more than $40,000 a year. But in this same world, 2.8 billion people – more than half the people in developing countries – live on less than $700 a year. Of these, 1.2 billion earn less than $1 a day.
As a result, 33,000 children die every day in developing countries. In these countries, each minute more than one woman dies during childbirth. Poverty keeps more than 100 million children, most of them girls, out of school.

The challenge of reducing these levels of poverty, while the population continues to grow – by an estimated three billion people over the next 50 years – is enormous.

The World Bank works to bridge this divide and turn rich country resources into poor country growth. One of the world’s largest sources of development assistance, the World Bank supports the efforts of developing country governments to build schools and health cen...

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