The World Bank or International Bank for Reconstruction and Development is a global development institution headquartered in Washington, DC. It was founded in 1944 at the Bretton Woods Conference along with the International Monetary Fund (IMF).

In this video we look at some of the criticism the Bank has faced over the years. Does the bank's cycle of debt trap diplomacy increase in poverty and weaken democracy? Is the World Bank a tool for political and economic hegemony? Was the World Bank and The International Monetary Fund (IMF) used to commit the coup of Suharto in Indonesia?
#Economics #Finance #WorldBank

Sources:
https://www.nytimes.com/1994/06/20/wo...

https://www.nytimes.com/interactive/2...

https://www.brettonwoodsproject.org/2...

https://www.cadtm.org/spip.php?page=i...

https://en.wikipedia.org/wiki/World_Bank


https://en.wikipedia.org/wiki/Suharto

https://revisesociology.com/2017/02/1...

https://openknowledge.worldbank.org/b...