• Development initiatives of the World Bank were presented as humanitarian projects to reduce poverty.
  • The World Bank under Robert McNamara aimed to accelerate economic growth and reduce poverty.
  • However, the World Bank's efforts actually exacerbated global poverty.
  • The number of people living on $1 per day or less increased from 1987 to 2014.
  • Free market reforms imposed by the World Bank and IMF made things worse for some countries in the name of development.

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