What is the initial purpose of the World Bank?

Given the purpose of the IMF and World Bank, why do you think they are the target of considerable criticism?

• Given the purpose of the IMF and World Bank, why do you think they are the target of considerable criticism? In your opinion, is this criticism justified?

• Answer:

  I would criticise them for the conditions they tag on to their grants. They not only want to give their funding they also want to manipulate the spending of that funding in the interests of the developed nations. While there is some sense in having a say in the spending it's crazy that they should hold such conditions over the heads of the people who know the needs of underdeveloped nation and are more qualified to decide what's best. It seems that the interests of the lenders are paramount because they have nothing to lose and everything to gain from the debtors. It appears that both organisations act in the interests of globalisation and not in a humanitarian way.