Bank Is an Essential Organization Term Paper

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The World Bank asserts that this project will also improve the quality of life for the people of Uruguay by producing skilled jobs ("Uruguay: World Bank Approves...").

The article reports that another purpose of the project is to support the government as it relates to strengthening the capacity of the country to produce, transfer, and adapt knowledge and new technology ("Uruguay: World Bank Approves..."). As it relates to this aim the project is designed to encourage the strengthening of the institutional framework for technology, science, and innovation. In addition the project is designed to support investments in education; technology transfer and innovation within the private sector; and research alliances and transportation/flexibility for researchers between educational institutions and the productive sector ("Uruguay: World Bank Approves...").

In addition to the aforementioned activities, there are many other activities that the World Bank is currently involved in that are aimed at improving living standards and reducing poverty. These activities are geared toward assisting the nations of the world as it relates to Agriculture, education, environment, and reducing poverty.

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For instance, in Albania the World Bank offers Micro-Credit to individuals in rural areas that have a desire to start a business ("Albania: Micro-credits..."). Micro-Credits are small loans that are given to villagers who are believed to be trustworthy ("Albania: Micro-credits..."). These loans are used to start businesses and once the business begins to profit, the villager pays the loan back.

This concept of Micro-Credit has grown substantially since 1999 and now serves more than 10,000 members ("Albania: Micro-credits..."). Initially the loans were for $50 and $100 and used to assist farmers in purchasing sheep, cows and/or equipment ("Albania: Micro-credits..."). Ultimately the "program not only helped start a profitable rural economy but also introduced the basic concepts of a market economy ("Albania: Micro-credits...")."

Conclusion

The purpose of this discussion was to examine the current activities of the World Bank. We found that the World Bank is currently involved in projects that are designed to assist in economic development and quality of life issues that face people in developing countries......

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