You can bank on it
The purpose of the world bank uses for allocating fund to assist national with sustainability development project
First country and Best one is
1✍️ Nicaragua country
2 ✍️ Indian
3✍️ Brazil
One of the mission of the world bank is to reduce poverty and promote sustainability development around the world.
Although it is supported by many countries seven country known as the group of seven contribute the most money to the world bank operation.
The group of seven (G7) country including Canada, France, German, Italy, Japan the united kingdom and the united state of America
To fulfill it's mission, the world bank issues loan to developing countries these loan
Must be repaired
Repaired by county receiving the loan, although the world bank does not issues grants, there are two classes
Of world bank
They two classes of world bank loans
Did you know it
1 . One is loan type to made to country able to repay loan at competition interest rate
2. Classes of world bank loans to the country
On second loan is made to less affluent country and is repaired at a very low interest rate in most case loan from the world bank does not cover the entire cost of projects the country usually contribute
The country government with help from commercial industry in the country usually contribute some of the needed funds this is reflected in the project description you will Read in this activity -
In each case the amount of the loan request is less than the total project cost
Like structure of world bank loan
Nicaragua country project loans
Project description
Project: Road improvement
This project proposal to improve Nicaragua country system of roads
It has the following
Goals"of projects
To make Travel route between commercial center more accessible; to build the nessesary road and bridge to provide essential good s and service to people living in isolation rural areas and ;to enhance the country ability to export products
Loan request:$25 million
Totally project cost:$47.4 million
2. India country
Did you know that India project
Project: health care for women and small children
The project proposal to establish an effective and sustainability system for providing health care to women and small children in rural areas , this will be compished through the creation of series of small local clinic, which will provide basic
Health care and immunization, distribution food supplement and monitor malnutrition
Loan request:76.4 million
Totally project cost:90.7 million
3 .Brazil country project loans
Project:Gas pipeline
This project proposal to construct a gas pipeline from Rio Grande in Bolivia
To Sao Paulo in Brazil it will help develop a market for gas in southern Brazil and create an export opportunities for Bolivia
Loan request: $50 million
Totally project: cost$ 2 billion dollars
2. Bulgaria project loans
Project: smelting plant clean up
This
project proposal to clean up a major environment hazard - the waste surrounding a copper smelting plant in addition to address environment problem at One of the most polluted site in Bulgaria, this project will provide a model for determining how to clean and repair existing environment damage that has results from past industry practice
Loan request:$16 dollars million
Totally project cost :$25
Millio
Thanks again
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