IntroductionThe World Bank is an international financial organization founded and built in 1944. At that time, its main task was to help in the reconstruction of Europe in a social and financial. Many places in Europe were enormously damaged by World War II. After this first task seemed satisfactorily accomplished, the institution shifted its focus to a different task for which it is known today: supporting countries and their people at mid- and low-wage levels. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”? Get an original essay I am studying a topic called “Public and Nonprofit Management” myself. It is particularly designed to support a career in the public and nonprofit sector. Given that the World Bank's actions are almost entirely focused on the second sector, I may very well consider myself employed by this organization in the future. It is therefore in my personal interest to learn as much as possible about this major player in the non-profit sector. In the meantime, I will illustrate the origin and history of this institution, as I will evaluate their contemporary work by reviewing existing literature and carrying out research to construct my own opinion and be able to give future recommendations on how the World Bank can meet its expectations. objectives.History and originInitially, the world bank was created in 1944 during the “Bretton Woods Conference”. At the same time, the “International Monetary Fund” was created in parallel. Each of them is located in Washington DC and works closely together. Under strict conditions, the World Bank granted its first loan to France. The total amount was $250 million. Along with the "Marshall Plan" of 1947, many European countries received financial aid and the World Bank began to focus on non-European countries. Starting in 1974, the bank defined the basic needs of people in developing countries and worked to better meet them. The amount of their loans provided has increased significantly as they have moved from simply supporting infrastructure improvements, which was their original plan to boost local economies, to helping in terms of social services and other other public sectors. Due to the huge amount of loans provided, the debt of developing countries increased by 20% each year between 1976 and 1980. In 1980, with a new president, a new policy was put in place. Alden W. Clausen had a less positive image of developing countries and his goal was to streamline the economies of developing countries in a way that would enable them to repay their debt. Due to lack of financial means in the lower strata of society, many people, especially children, had to suffer. According to Unicef, the World Bank was responsible for "declining health, nutrition and education levels for tens of millions of children in Asia, Latin America and Africa." As a result, the World Bank received severe criticism and therefore began to change its organizational agenda. . Since 1989, they began providing loans to NGOs and organizations committed to improving the environmental situation in developing countries. Furthermore, they considered climate change as a new challenge facing humanity as a whole and therefore committed to achieving the goal of banning 95 percent of harmful chemicals from the diaper.