World Bank
The World Bank has grown to great heights since its conception. It started with very low levels of lending which involved thorough screening of applications for loans and fiscal conservatism. At that time, the staff used to monitor how loans were used and the bank had very strict rules about its lending. As the bank continued growing, its concentration was to meet the needs of developing worlds people. It aimed at improving their various sectors like education and health (Bernstein and Pauly, p 86).
It increased its borrowers and the amounts borrowed as its loans targets extended to social, educational and other sectors. Up to 1980, the bank sought for more capital for example by using global bond market. This enabled the bank to alleviate poverty levels as well as increasing their lending to the third world which increased by 20. Up to the present date, the World Bank has continued lending to different countries and it is known to have been a contributor to the improved educational, nutritional and health levels in the developing world and more so Africa, Latin America and Asia (Bernstein and Pauly, p 72). It has combined forces with some of the non governmental institutions which it lends funds. These organizations start several projects to help the people from the developing nations to meet their needs. They have branches in the third world countries to facilitate the running of their operations more effectively. Some go ahead to employ the people in the countries they are situated thus increasing the employment levels in such countries. This is one way to alleviate poverty in these countries through the help of the World Bank.
The World Bank has contributed to the multilateral political orders and disorders in several ways. For example, it has contributed to the alleviation of poverty in the developing countries. It has also improved the education and health in such countries making them better. It has as well contributed to other development programs all over the world which have contributed to the political order. On the other hand, the World Bank through its various programs has contributed many problems that humans have now. These are related to trans-national crime, migration, environmental pollution which have created multilateral political disorder (Gilbert and Vines, p 158).
America has the following interests advocating and preserving of continuation of the U.S. hegemony, through exploring opportunities, highlighting threats and disseminating information regarding the same. The American interests can be said to converge to the World Bank due to its presence in the World Bank. This gives America a strong voice regarding the key issues of global development which are fundamental to the U.S. business and national interests. It is recognized by the World Bank as a steadfast partner and important financial contributor as the organization strives to reduce poverty in the developing world. These issues give evidence that the U.Ss. interests converge with the World Bank (Gilbert and Vines, p 36).