Question

Describe the purpose and goals behind the concept of global lending. What are some criticisms of global lending institutions?

Answer 1

The World Bank grants less-interest credits, interest-free loan, and donations. It concentrates on encouraging literacy, health, and infrastructure. It further uses supplies to improve a country's economic sector, cultivation, and essential support supervision.

Step-by-step explanation:

Criticism of the World Bank includes a whole spectrum of problems although they usually center about attention about the procedures chosen by the World Bank in forming their strategies. That includes the social and financial influence these strategies have on the people of nations who avail themselves of economic support from this organization.

Answer 2

· Global lending institution’s initial purpose was encourage and reconstruction of Europe after World War II today at loans money to enhancing nations.

· Critics were concern about conditionality charged on borrower countries. This consist of the economic and social bounce to these policies have on the population of countries who avail themselves of financial assistance from these two institutions.