The World Bank

Despite the World Bank’s ambitious goal of eradicating global poverty it has been mired by international dissent and criticism for its policy implementation and disrespect for human rights and the complex realities of development. Its Board of Governors, representing 189 countries, will have to reevaluate the way the World Bank has largely defined the mandate of international development in order to adapt to necessary reforms. For OxiMUN the World Bank will also be acting as the Financial Body for Intermediate committees. It will thus be acting on its other main competence which is often neglected in MUN that of finalizing national budgets and approving financial proposals (loans, credits, grants, investments, and guarantees). This will be done via exercising the functions of its financial institutions which work to lend and finance national development policies internationally.
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