EVOLUTION OF WORLD CREDIT GRANTED BY IBRD AND IDA TO SUPPORT THE FINANCING NEEDS OF THE MAIN ACTIVITY SECTORS

Irina-Elena Chirtoc and Lucian-Ion Medar
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Irina-Elena Chirtoc: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA
Lucian-Ion Medar: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU JIU, ROMANIA

Annals - Economy Series, 2016, vol. 6, 26-30

Abstract: Principles of "Keynes Plan" which led to the establishment of the World Bank are more current than ever, if we look at the forms of financial support given poor regions around the world. Practical projects financed by loans to poor countries are analyzed on the basis of conditions to ensure a balance of payments balances. The guarantee granted by IBRD and IDA credit is provided by the state budgets that will record deficits and controlled within limits by maintaining full employment of labor. By self-financing obtained from financial market World Bank Group has full autonomy to provide funding for projects that contribute to the general welfare of mankind. Funding analyzed in this article highlights that essentially, in particular, the World Bank Group has granted financial assistance, technical assistance and advice to emerging countries in Africa, South Asia, East Asia and Pacific, without putting emphasis on the poor. Through the study done we wanted to reiterate the volume of loans granted by World Bank in 2012-2016 to world countries which are in difficulty in reconstruction and development to improve their living standards. From the beginning, the World Bank has proposed funding over underdeveloped regions, for a world free of poverty.

Keywords: World Bank Group lending; Commitments (search for similar items in EconPapers)
Date: 2016
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