different between world Bank and Undp class 10
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United Nation's Development Report is a ranking system which ranks 188 countries while World Bank classifies countries into 4 groups. World Bank depends on Acreage income (per capita income) for classifying countries while UNDP uses education and health indicators along with income.
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world Bank :-
- World Bank was established in the year 1944.
- It was set up with a purpose to provide loans to countries whose infrastructure was destroyed by the war.
- The World Bank gives a report on the basis of the World Development Report.
- The main criteria used by the World Bank to publish World Development Report is its per capita income.
UNDP:-
- UNDP was established in the year 1965.
- It was set up to help countries, eliminate poverty and achieve sustainable human development
- The UNDP gives a report on the basis of the Human Development Report.
- The main criteria used by UNDP to publish Human Development Report is its income, education and health of people.
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