International Bank for Reconstruction and Development (World Bank)

During the fiscal year 1 July 1990 to 30 June 1991, the International Bank for Reconstruction and Development (World Bank) and its affiliate, the International Development Association (IDA), continued to provide economic assistance to developing countries in order to raise their living standards. In fiscal 1991, the Bank adopted a comprehensive long-term strategy to address the protracted challenge of poverty reduction. The strategy-designed to make sure that the poor gained from growth and contributed to it-would ensure that all assistance programmes undertaken by the Bank were specifically geared to reducing poverty. The first part of the strategy encouraged broadly based economic growth through the productive use of abundant labour on the developing countries, while the second required investment in social services, especially basic education and health, family planning and nutrition, to improve living conditions and increase the capacity of the poor to respond to income-earning opportunities arising from economic growth.

Related Subject(s): United Nations
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