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Question
Is worldbank a democratic organisation or not?explain?
Is worldbank a democratic organisation or not?explain?
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Solution
The functioning of the World Bank does not adhere to democratic norms. The developed countries led by USA wield a high degree of influence in the affairs of the world bank. The president of this organisation is almost exlusively a citizen of USA and nominated by the Treasury Secretary of the US government.
The functioning of the World Bank does not adhere to democratic norms. The developed countries led by USA wield a high degree of influence in the affairs of the world bank. The president of this organisation is almost exlusively a citizen of USA and nominated by the Treasury Secretary of the US government.
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