The role of the World Bank in the global lending system
DOI:
https://doi.org/10.52123/1994-2370-2021-76-1-58-71Keywords:
World Bank, credit activity, International Bank for Reconstruction and Development, International Development Association, USA, China, Germany, France, Africa, regions, bondsAbstract
This article describes the structure and role of the largest international financial institution, the World Bank, which provides credit services through two institutions, the International Bank for Reconstruction and Development, established in 1944, and the International Development Association, established in 1960, in the global lending system and the specifics of recent years. The structure of the World Bank, which unites about 200 countries, occupies a prominent place in the financial system of the world. Since investment and development loans are a source of financing for the developing and lagging countries of the world. The object of the study is the credit indicators provided by the International Bank for Reconstruction and Development and the International Development Association to States in various regions in the period from 2016 to 2019. The article uses the method of comparative research. As a result, a sufficient assessment of the projects implemented by the international financial organization will be given.
