Friends of the Earth Slovakia has complained about the World Bank’s requirement that the government agree a programme with the IMF before it can access Bank loans. “This illustrates how the two institutions work as a team to push their own agenda, regardless of whether the government and the public want it,” commented Juraj Zamkovsky of Friends of the Earth Slovakia. The government aims to establish a formal relationship with the IMF, although some officials feel this could hurt Slovakia’s standing on the international capital markets.
Originally created to help the poor escape poverty and deprivation, the World Bank became the most important advocate for the commercialised microcredit model. Yet, critics argued it undermined the chances of sustainable and equitable development to create a poverty trap of historic proportions.
While the World Development Report (WDR) 2018 on education has some redeeming features, it is part of the Bank's longstanding very narrow view of education, and is silent on education financing.
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