Question

Explain the major differences between the two different criteria followed by World

Bank and UNDP.​

Answer 1

World Bank: World Bank is a financial institution situated in Washington DC. It provides loans to the low or middle-income countries to complete their pursuing projects.

UNDP: UNDP is the United Nations’ global development network which promotes technical and investment cooperation among nations and connects countries to knowledge, experience and resources to help people build a better life for themselves.

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Answer 2

BANK AMD UNDP

World bank - The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.

UNDP - The United Nations Development Programme (UNDP) is the UN's global development network, advocating for change and connecting countries to knowledge, experience and resources to help people build a better life.

The criteria used by UNDP and world Bank to classify different countries is by using the process of averages but only difference is that world Bank only sees the average per capita income but UNDP sees the overall development. Hence, their process of classifying is different.

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