Question

Why do people argue that the World Bank does more harm than good in their project?

Answer 1

Some people as politicians and ex-World Bank officials say that it is an ingenious invention that makes more dependent and vulnerable countries in need, since the loans they grant are accompanied by a series of reforms that lead to the privatization of services to profit, which ends up enriching the most developed countries. In some cases, it appears to be a generous institution when in reality it seeks to perpetuate indebtedness and relationships. In the last 10 years, close to 3 million people counted among the poorest in the world have been forced to abandon their lands, homes and work for projects financed by the World Bank.