The World Bank Assignment Example | Topics and Well Written Essays - 500 words

The World Bank - Assignment Example Some people say that when you love or are fulfilled, by what you do for a living, then you never really work a day in your life. Most people do not earn a living doing what most people want to do. They did not make the difference they wanted to make. Most people compromise, for one reason or another, and settle for what is most stable and guarantees the bills are paid. This is not a wrong decision; it is, in fact, a very responsible one. However, all the same, when asked, they will likely tell you they wish that they had gone another direction. It is a rare opportunity to really be inspired and fulfilled by where one works. That said, the goal of choosing a direction that is, both, financially consistent, as well as, something that is fulfilling is fundamentally important. The World Bank is an organization where that potential for that outcome to be realized. The World Bank was founded in 1944 and is a collaboration of five institutions. The International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and lastly, the International Centre for Settlement of Investment Disputes (ICSID).("The world bank," 2012)   Each of these groups focuses and contributes to the financing and facilitating aid to middle income, developing, and destitute countries. Whether it is providing low interest or interest-free loans, guaranteeing potential losses with reluctant investors, or providing arbitration and mediation in investment disputes, they are encouraging growth. It is not just financial contributions, but also, environmental and humanitarian endeavours as well. In totality what has been created is a very dedicated entity, which is far more than the sum of its technical parts. The World Bank’s chosen mission is, ultimately, rather simple. They have one intent and supreme goal of ending global poverty. To do this they are deeply invested in projects dedicated to aiding those in poverty-stricken, under-developed, and suffering populations all over the world. They focus on a concept, they call, the Millennium Achievement Goals, which, â€Å"†¦calls for the elimination of poverty and sustained development.†