The World Bank focuses on poverty reduction and sustainable development from "summary" of International Financial Management, Abridged Edition by Jeff Madura
The World Bank plays a crucial role in addressing the challenges of poverty and promoting sustainable development in developing countries. Poverty reduction is a key objective for the World Bank, as it recognizes that poverty traps individuals and communities in a cycle of deprivation and lack of opportunities. By focusing on poverty reduction, the World Bank aims to improve the living standards of the poor and vulnerable populations in developing countries. Additionally, the World Bank emphasizes sustainable development, which involves meeting the needs of the present without compromising the ability of future generations to meet their own needs. Sustainable development requires a holistic approach that considers economic, social, and environmental factors. The World Bank works towards achieving sustainable development by supporting projects and initiatives that promote economic growth, social inclusion, and environmental protection. One of the ways in which the Wor...
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