Difference Between the World Bank and UNDP (Class 10)

For class 10 students, Development is considered as an important chapter in Economics.

This article will highlight the key differences between the World Bank and the UNDP (United Nations Development Programme).

But, before proceeding further, I would like to make you familiar with the key terms used in this article.

  • World Bank: World Bank is a financial institution situated in Washington DC. It provides loans to the low or middle-income countries to complete their pursuing projects.
  • UNDP: UNDP is the United Nations’ global development network which promotes technical and investment cooperation among nations and connects countries to knowledge, experience and resources to help people build a better life for themselves.
World Bank vs UNDP
World Bank VS UNDP

I’ve decided to provide you with the key differences between the World Bank and the UNDP and put them all in the tabular format.

Key Differences Between the World Bank and UNDP

World BankUNDP
World Bank was established in the year 1944.UNDP was established in the year 1965.
It was set up with a purpose to provide loans to countries whose infrastructure was destroyed by the war.It was set up to help countries, eliminate poverty and achieve sustainable human development.
The World Bank gives a report on the basis of the World Development Report.The UNDP gives a report on the basis of the Human Development Report.
The main criteria used by the World Bank to publish World Development Report is its per capita income.The main criteria used by UNDP to publish Human Development Report is its income, education and health of people.

This chapter Development contains many other important key differences for class 10 board examination like:

Final Words

So, that’s all.

All the important differences between the World Bank and UNDP from Chapter 1 Development as per the NCERT class 10 are listed above in the table format.

If you have any related queries or suggestions, feel free to let me know in the comments right now.

Sources:

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