Describe the diff. Criterias for development by world bank.
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Answered by
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If you find terms like “developing” and
“under-developed” condescending or
otherwise objectionable, you’ll be happy
to know that the World Bank does not
use these terms at all in its work. The
World Bank does have an official
system for classifying countries, but it is
much based entirely on objective
criteria rather than subjective
judgments about a country’s degree of
development.
The main country classification system
is based on income groupings. World
Bank staff estimate each country’s Gross
National Income (GNI) per capita, and
then convert it into U.S. dollars using
“Atlas” exchange rates – a moving
average of the past three years of
market exchange rates. This conversion
is used to reduce the impact of
temporary fluctuations in market
exchange rates.
If you find terms like “developing” and
“under-developed” condescending or
otherwise objectionable, you’ll be happy
to know that the World Bank does not
use these terms at all in its work. The
World Bank does have an official
system for classifying countries, but it is
much based entirely on objective
criteria rather than subjective
judgments about a country’s degree of
development.
The main country classification system
is based on income groupings. World
Bank staff estimate each country’s Gross
National Income (GNI) per capita, and
then convert it into U.S. dollars using
“Atlas” exchange rates – a moving
average of the past three years of
market exchange rates. This conversion
is used to reduce the impact of
temporary fluctuations in market
exchange rates.
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Answered by
2
It's of 2013
The World Bank Group committed $52.6 billion in loans, grants, equity investments, and guarantees to help promote economic growth, increase shared prosperity, and fight extreme poverty in developing countries during fiscal year 2013, which ended on June 30.
World bank use average income to classify country
The World Bank Group committed $52.6 billion in loans, grants, equity investments, and guarantees to help promote economic growth, increase shared prosperity, and fight extreme poverty in developing countries during fiscal year 2013, which ended on June 30.
World bank use average income to classify country
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