Experience implementing social investment projects supported by the world bank

Reghina Erhan ()
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Reghina Erhan: Moldova State University

THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, 2019, vol. 28, issue 1, 85-94

Abstract: The World Bank is an international financial organization established to provide financial and technical assistance to developing or low-income countries. The organization aims to promote sustainable globalization in the interests of all segments of the population, reduce poverty, accelerate economic growth without harming the environment, and create new opportunities for people to live fulfilling lives. Throughout its history, the World Bank has been a fairly serious investor in the economies of developing countries, financially supporting a wide range of industries and programs. The Bank focuses on poverty, food supply, agriculture, health, education, environmental problems, and other initiatives. Despite certain successes achieved by the Bank in the implementation of its social programs and projects, its activities are often criticized as ineffective or aimed at supporting countries that do not really need this support. In addition, the World Bank exerts enormous influence over the economies of developing countries through loan conditions, advisory services, technical assistance and policy blueprints, which have similarly been criticized by civil society, academics, and developing country governments. Since the early 2000s, Moldova, the poorest country in Europe, has made significant progress in achieving inclusive growth, averaging 5% annually and reducing poverty from 26% in 2007 to 11% in 2014. During the 26 years of cooperation between the World Bank and the Republic of Moldova, a number of projects in the social-economic fields were launched and successfully implemented, which brought Moldova to a completely different level of development

Keywords: International Bank for Reconstruction and Development; International Development Association; social investment projects; sustanable development (search for similar items in EconPapers)
Date: 2019
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