What are the merits and demerits of the world bank?

Answer 1

The World Bank offers several merits, including financing for development projects that can reduce poverty and boost economic growth in low- and middle-income countries. It also provides technical expertise and promotes policy reforms to improve governance and institutional capacity. However, its demerits include criticisms of imposing strict conditions on loans, which can lead to social and environmental concerns, and the potential for fostering dependency rather than sustainable development. Additionally, its bureaucratic nature can slow down project implementation and responsiveness to local needs.