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The World Bank Group’s Role in the Implementation of Sustainable Development: Global Dimension
Palamarchuk N. O.

Palamarchuk, Nataliia O. (2019) “The World Bank Group’s Role in the Implementation of Sustainable Development: Global Dimension.” Business Inform 4:28–33.
https://doi.org/10.32983/2222-4459-2019-4-28-33

Section: Globalization Processes in the Economy

UDC 339.732

Abstract:
In the global context, realization of the conception of sustainable development requires consolidation of efforts of the world community by means of the global partnership, the formation of financial and intellectual resources at the world-wide level, and the development of projects and programs in order to address global problems in different regions of the world. One of the international institutions that promotes sustainable development is the World Bank Group. The article is aimed at researching and analyzing the World Bank Group’s role in the implementation of sustainable development in the world. The research provided for identifying the main directions of promoting sustainable development on the part of the World Bank Group, analyzing the group’s financing and crediting, and identifying the main programs and projects implemented by the Group in different regions of the world. Overall, the World Bank Group has accumulated considerable financial resources in recent years and has developed a special approach to the implementation of sustainable development. The analysis of implementation of projects and programs on introduction of sustainable development at the global level testifies to formation of an unique approach to each region of the world. The World Bank has ensured an effective combination of the universal directions of sustainable development and addressing the special problems of groups of countries around the world. Prospect for further research is a more thorough analyzing of regional problems and increasing the efficiency of solving them with the assistance of the World Bank.

Keywords: World Bank, global partnership, sustainable development, poverty, welfare.

Tabl.: 2. Bibl.: 9.

Palamarchuk Nataliia O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economics and Business, Cherkasy State Technological University (460 Shevchenka Blvd., Cherkasy, 18006, Ukraine)
Email: [email protected]

List of references in article

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“Iskoreneniye bednosti. Investitsii v rasshireniye vozmozhnostey. Vsemirnyy bank. Godovoy otchet 2018“ [Poverty eradication. Investment in empowerment. The World Bank. Annual report 2018]. https://openknowledge.worldbank.org/bitstream/handle/10986/30326/211296RU.pdf
“Iskorenit kraynyuyu bednost. Uskorit obespecheniye obshchego blagosostoyaniya. Vsemirnyy bank. Godovoy otchet 2017“ [Eliminate extreme poverty. Accelerate the provision of general well-being. The World Bank. Annual Report 2017]. https://openknowledge.worldbank.org/bitstream/handle/10986/27986/211119RU.pdf

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