Ergul HALISCELIK, Senior Treasury Controller

The World Bank has supported important projects and government programmes in order to ensure economical and social improvement of the developing countries since it was founded. The mission of the Bank has transformed in order to accommodate with world conjuncture which is varied throughout time.  Nowadays, there are serious criticisms for the World Bank that has a mission of “working for a world free of poverty”.

Turkey became a member of The World Bank in the 1947 and the relationship has reached up today by solidifying. In Turkey’s participation process to European Union, The Bank’s aids has continued and coordinated works with IMF to provide economic stability has accelerated.

 The Bank’s support has become more important with the current financial and economic crisis, the most serious problem that the world has been dealing with since World War II.  In this study, I will evaluate activities, mission and performance of the World Bank. After that,  I will examine World Bank financed projects, their cost benefit analysis and their effects on Turkish economy. I will give my personal findings, criticisms and useful-applicable recommendations on these issues.

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