It's one of the world's most important financial institutions, but also one of the most controversial. Discover what the World Bank actually is, how it works, what happens when it gets things right, and what happens when things go badly wrong.In today's episode we cover:
The creation of the World Bank
The difference between the World Bank and the IMF
The ambitious aims of the World Bank
The first World Bank loan, to France
Structural Adjustment (or "you do what we say")
The Cochabamba Water War in Bolivia
Why the World Bank imposes conditions
What happens to all this debt?
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