Issues motivated for choosingthe sudyThe World Bank is aninternational financial organization which was originally founded and build in1944. In this time it was its primarily task to help rebuilding Europe in asocial and financial way. Many places in Europe were enormously damaged by thesecond world war. After this first task appeared to be finished in a satisfyingway the institution shifted its mayor focus on a different task for which it isknown in the present time: Supporting countries and their inhabitants of middleto low wage levels. I am studying myself a subjectwhich is called “Public and Non-Profit management”.
It is particulary designedto support a career in the public and the non-profit sector. Since the actionsof the World Bank are allocated almost completely in the second sector I mightwell think of myself as being employed by this organization in the future.Therefore it is in my personal interest to know the most about this big playerin the non-profit sector. Meanwhile I am going to illustrate origin and historyof this institution, as I am going to evaluate their contemporary work byreviewing existing literature and researching to build my own opinion and to be able to give future recommendationsconcerning on how the World Bank can meet their objectives. History & OriginInitially the world bank wascreated in 1944 at the “Bretton Woods Conference”. As the same instant the”International Monetary Fund” was created alongside.
Both are based inWashington D.C. and cooperate closely with each other. Under strict conditionsthe World Bank gave its first loan to France.
It summed up to the amount of 250million USD. Along with the “Marshall Plan”1947 many European countries received financial aid and the World Bank startedshifting its focus to Non-European countries. Starting 1974 the bank definedthe basic needs of people in development countries and aimed to fulfill thembetter.
The number of their given loans greatly increased as they shifted fromsimply supporting infrastructure, which was their initial plan to boost local economies,over to giving aid in terms of social services and in other publicsectors. As consequence from the sheeramount of given loans, the developing world debt rose between 1976 to 1980 ashocking 20% each year. In 1980 along with a newpresident a new policy was called in existence. Alden W. Clausen did have a less positiveperspective on development countries and he aimed to streamline developmentcountry’s economies in a way which should make it possible for them to repaytheir debt. As consequence of a lack of financial means in the lowest laddersof society many people especially children had to suffer. According to Unicefthe World Bank was responsible for “reduced health, nutritional and educationallevels for tens of millions of children in Asia, Latin America, andAfrica”.
In consequence the World Bankreceived harsh critics and they therefore started to change the organizationalagenda. Beginning in 1989 they started giving loans to NGOs and environmentalorganisations. Also they targeted the global warming as a future challenge andcommitted to the goal of banning 95 percent of ozone-harming chemicals till2015.
Furthermore, they called out the “Six Strategic Theme” defining furtherobjectives of the institution. In 2000 the World Bank joinedthe “war on AIDS” and in 2011 they joined the Stop Tuberculosis Partnership. Literature review of existing scholarly work