IntroductionThe World Bank is an international financial organization originally founded and built in 1944. During this time its main task was to help rebuild Europe socially and financially. Many places in Europe were enormously damaged by World War II. After this first task seemed to have been completed satisfactorily, the institution shifted its attention to a different task for which it is known nowadays: supporting countries and their inhabitants with low-to-medium wage levels. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay I am studying a topic called "Public and Nonprofit Management". It is particularly designed to support careers in the public and non-profit sectors. Since the World Bank's shares are almost entirely aimed at the second sector, I could well think of myself in the future as an employee of this organization. Therefore, it is in my personal interest to learn more about this major player in the non-profit sector. In the meantime I will outline the origin and history of this institution, while evaluating their contemporary work by reviewing existing literature and doing research to build my opinion and to be able to provide future recommendations on how the World Bank can meet their objectives .History and originsInitially the World Bank was created in 1944 on the occasion of the "Bretton Woods Conference". At the same time the "International Monetary Fund" was created. They are each based in Washington DC and work together in close collaboration. The World Bank granted its first loan to France under strict conditions. The sum amounted to 250 million dollars. Together with the “Marshall Plan” of 1947, many European countries received financial aid and the World Bank began to shift its attention towards non-European countries. Since 1974 the bank has defined the basic needs of people in developing countries and aimed to better meet them. The amount of loans granted increased significantly as they moved from only providing support for infrastructure improvements, which was their initial plan to boost local economies, to providing aid in terms of social services and other public sectors. As a consequence of the enormous amount of loans granted, the debt of the developing world increased between 1976 and 1980 by a drastic 20% each year. In 1980, along with a new president, a new policy was adopted. Alden W. Clausen had a less positive image of developing countries and aimed to rationalize the economies of developing countries so as to enable them to repay their debt. Many people, especially children, had to suffer due to lack of financial means in the lower classes of society. According to Unicef ​​the World Bank is responsible for the “reduced health, nutritional and educational levels of tens of millions of children in Asia, Latin America and Africa”. As a result, the World Bank received harsh criticism and then began to change the organizational agenda. . Starting in 1989 they began to provide loans to NGOs and organizations committed to improving the environmental situation in developing countries. They also considered climate change as a new challenge facing all of humanity and accordingly committed to achieving the goal of banning 95% of ozone-depleting chemicals by 2015. Furthermore, they defined the “Six strategic themes” which define further objectives of the institution. Please note: this is just an example. Get a document now.