World bank : the issues
The world bank was given the mandate to instigate economic reconstruction and development in an effort to abolish poverty in the world. Since its creation, it has supllied nearly US$8.1 billion in assistance to low and middle-income nations.However,this reconstruction provides inequality problems and has affects in human rights.
Among these reconstructions,the world bank promoted the globalization of market forces. This has highly rised inequality. Now the wealthy 20 percent of the world's population receives 83% of the world's income, while the poorest 60% of the world's people receive just 5.6% of the world's income. The richest 20% of the world's population in northern industrial countries uses 70% of the world's energy, 75% of the world's metals, 85% of the world's wood, 60% of the world's food, and produces about 75% of the world's environmental pollution.
Sparing Human Rights Issues
(Washington, DC) – Human Rights Watch said in this following report : The world bank has ignored risks to the human rights. It miss adequate controls to maitain against funding human rights abuse. This report defines on its research from around the globe to document the injure caused to some vulnerable people by bank-financed programs.