Bank: An Overview the World Thesis

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Successes

The Bank has taken a proactive role worldwide. It has attempted to adopt a vocal role in addressing concerns of biodiversity, ozone depletion, narcotics, crime, corruption, and post-conflict reconstruction, particularly in the Balkans and West Bank.

Failures

The World Bank has lent money to admittedly undemocratic, often brutal dictatorships, in the hopes that economic stability will lead to government reform. Yet "the public infrastructure projects funded by the IBRD have consistently been recognized as unmitigated disasters. Notably, Brazil's Polonoroeste road-building project set a significant portion of the Amazon rainforest on fire; the Sardar Sarovar dam project in India uprooted 240,000 Indians and was condemned by the World Bank's own panel of investigators;.

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..Internal reports suggest that one-third of World Bank financed projects are failing" (Weekes 2005)

There is a risk that the Bank may be duplicating the role of existing UN agencies and non-governmental organizations (NGOs) (Weekes 2005). The UN and NGOS may address the World Bank's mission more effectively, without the Bank's stress upon economic liberalism that may not be 'right' for a nation at a particular juncture in its development

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