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It's one of the world's most important financial institutions, but also one of the most controversial. Discover what the World Bank actually is, how it works, what happens when it gets things right, and what happens when things go badly wrong.In today's episode we cover: The creation of the World Bank The difference between the World Bank and the IMF The ambitious aims of the World Bank The first World Bank loan, to France Structural Adjustment (or "you do what we say") The Cochabamba Water War in Bolivia Why the World Bank imposes conditions What happens to all this debt? Full transcript and key vocabulary available on the website www.leonardoenglish.com/podcasts/world-bankJoin the conversation: instagram.com/leonardoenglishapp fb.me/leonardoenglishapp Join the Learn English with Podcasts community: www.facebook.com/groups/learnenglishwithpodcasts More about Leonardo English and the English for Curious Minds podcastLearning English shouldn't be boring. It should open your mind.English Learning for Curious Minds is a podcast aimed at intermediate level English speakers and above, where listeners learn fascinating things about the world while learning English.There's no small-talk, no boring grammar exercises or vocabulary drills.You'll learn English by listening, by hearing real conversations and real English, spoken by native speakers, and at a speed you can understand.You can become a member of Leonardo English and get access to every podcast, transcripts, key vocabulary, and be able to participate in members-only live sessions.Discover a more interesting way to improve your English at leonardoenglish.com/subscribe