Which of the following is not a criticism of the World Bank?

It is criticized as it works for human development

The correct answer is Option (4) → It is criticized as it works for human development

The statement that is not a criticism of the World Bank is that it is criticized as it works for human development. In fact, promoting human development is a stated goal of the World Bank. The organization works on various projects related to education, health, and poverty reduction, which are considered core aspects of human development. Therefore, this action is seen as a positive aspect of its work, not a criticism.

World Bank: The World Bank was created during the Second World War in 1944. Its activities are focused on the developing countries. It works for human development (education, health), agriculture and rural development (irrigation, rural services), environmental protection (pollution reduction, establishing and enforcing regulations), infrastructure (roads, urban regeneration, electricity) and governance (anti-corruption, development of legal institutions). It provides loans and grants to the member-countries. In this way, it exercises enormous influence on the economic policies of developing countries. It is often criticised for setting the economic agenda of the poorer nations, attaching stringent conditions to its loans and forcing free market reforms.