Question

Identify a similarity or a difference between the work of the World Bank and
of the Grameen Bank. [1]
Explain the similarity or difference you identified using evidence from both
documents. [1]

Answer 1

Final answer:

The World Bank and Grameen Bank have similar goals but different approaches in combating poverty and fostering development.

Explanation:

Similarity: Both the World Bank and the Grameen Bank aim to alleviate poverty and promote economic development, especially in developing countries.

Difference: The World Bank primarily provides loans to governments for large-scale projects, while the Grameen Bank focuses on microfinance and provides small loans directly to individuals, particularly women in rural areas.

Evidence: The World Bank funds infrastructure projects like road construction, whereas the Grameen Bank pioneered the concept of microcredit, empowering individuals to start small businesses.

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