“NEW DELHI – Internet giant Google Inc. said Monday it will give $5 million to upgrade and support 50 elementary schools run by India’s Bharti Foundation, the philanthropic unit of Bharti Enterprises Ltd.”
Can an enormous business-based philanthropic venture like Google fulfill its mission to save the world?
The World Bank is comprised of two institutions — the IBRD (International Bank for Reconstruction and Development) and the IDA (International Development Association) — and collectively has the common goal of providing technical and financial assistance to developing countries around the world.
Basically, the World Bank gives money – in the form of low-interest loans and grants – to developing countries for many different developmental purposes: education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management.