Behind its gentle image is a tough‚ highly lucrative bank. Banco Compartamos portrays itself as the gentler lender to Mexico’s poor. Compartamos means "let’s share‚" reflecting the philosophy of its founders‚ the two Carlos’. The non-profit Grameen Bank model and the commercial for-profit Banco Compartamos have many differences‚ the fundamental distinctions between them is in their funding methods. Grameen Bank funds microloans primarily through local funds usually from savings deposits‚ while Compartamos
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The World Bank Bureaucracy is one of the pillars of modern western society. Although this statement is debatable from many aspects‚ most would agree that‚ at the very least‚ our lives are greatly affected by bureaucracy. Bureaucracy is the ’pure form of rational organization’ (Newson‚ Jan 11). Not only is it a method for achieving goals efficiently and effectively‚ but it is acclaimed as the most able strategy to meet objectives. The World Bank is a classic example of a bureaucratic organization
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Banking The World Bank The World Bank‚ when you first hear the name it makes you think that it is a traditional international bank. That is not true though; The World Bank isn’t exactly what you would think it is. In reality‚ it is a group that is compiled of five international organizations that facilitate poverty stricken countries all across the world for developing economic growth and the elimination of poverty. The five organizations that combine to form The World Bank are: The International
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World Bank Abdullah Alshawdhabi Coleman University World Bank The World Bank was created in 1944 at a conference called the Bretton Woods Conference‚ also known as the United Nations Monetary and Financial Conference‚ and it is located in Washington DC along with the International Monetary Fund. These two entities work closely with each other. Two men by the names of Lord Keynes and Harry Dexter are the founding fathers of both of The World Bank and The International Monetary Fund. World Bank
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“The World Bank has undergone significant change in its purpose and membership since its inception in 1944” (world bank‚ 2003). As a result‚ there are many people criticize regarding its current governance and accountability. They are discussed that bank’s governance system is undemocratic‚ largely because borrowing countries that are impacted the most by bank projects have minimal voice in bank’s decisions about loan and projects and the selection of the bank president is unilateral. The World Bank
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Introduction To Social Business Social business is a cause-driven business. In a social business‚ the investors/owners can gradually recoup the money invested‚ but cannot take any dividend beyond that point. Purpose of the investment is purely to achieve one or more social objectives through the operation of the company‚ no personal gain is desired by the investors. The company must cover all costs and make profit‚ at the same time achieve the social objective‚ such as‚ healthcare for the poor‚
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Grameen Bank‚ How Muhammad Yunus Inspires The World to Solve Poverty Written by Gatot Haryadi Introduction Poverty is number one of the world problem. United Nation set “End Poverty and Hunger” as number one in Millennium Development Goal that should achieve in 2015. Grameen Bank is Bank that operates in Bangladesh since 1976 focusing giving loan to the poor. When other bank reluctant to give loan to the poor‚ Grameen Bank did it very well. Until now Grameen Bank has 8.35 million borrower‚
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G lobal Financial Development RepoRt Global Financial Development RepoRt Global Financial Development Report 2013 is the first in a new World Bank series. It provides a unique contribution to financial sector policy debates‚ building on novel data‚ surveys‚ research‚ and wide-ranging country experience‚ with emphasis on emerging-market and developing economies. The global financial crisis has challenged conventional thinking on financial sector policies. Launched on the fourth anniversary
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and the World Bank I. Introduction It is no doubt that the International Monetary Fund (IMF) and the World Bank have been playing an essential role in fostering economic stability and global growth for a long period of time. For the common good‚ they share the same goal of raising living standards for their member countries. And for that reason‚ there have been some people having difficulties in differentiate one from another. As a matter of fact‚ both the IMF and the World Bank are institutions
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book. The World Bank’s website interfaces into the World Bank’s knowledge management systems. This site and its underlying knowledge management systems has been highly acclaimed and won many awards. Visit their website http://www.worldbank.org/index.html‚ find the various papers that explain the theory underpinning the site‚ searching on ‘knowledge management’ and ‘knowledge sharing’ and similar terms. Study these documents and explore the website‚ then write an evaluation of the World Bank’s knowledge
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