World Bank's Information Security - Research Paper Example

Download file to see previous pages World Bank by providing financial resources, sharing knowledge and through other steps, tries to elevate the standard of living of the people. When it comes to low-income countries, the World Bank gives them interest-free loans and importantly gives them around 35-40 years to repay the loans, with a 10 year grace period as well. Under the aegis of the World Bank, there are many specialized agencies focusing on specific aspects of developmental assistance like IBRD, IDA, etc. The term, “World Bank Group” encompasses five institutions. The term “World Bank” refers specifically to two: IBRD and IDA. Apart from developmental assistance, World Bank’s ‘radar’ covered many social problems like the AIDS problem. And to combat it, the Bank has provided more than $1.6 billion in the last few years. So, with this much functionality from the perspective of finances, the World Bank has to have a sound, foolproof and efficient operations management, to avoid any problems. That is, World Bank is an omnipresent organization with businesses and branches all over the world and importantly the Bank is funding all the above-mentioned projects from building schools to combating AIDS. So, as its operations are very extensive, it has to collaborate with all its branches and interests to achieve success. So, here the domain of finances and business tries to merge and that merger can be facilitated by the technological domain. That is, this is where IT comes into the scenario, as it helps to achieve certain issues or problems faced by the World Bank.  In today's environment, information and technology have become a critical component of successful businesses and organizations (Avison, 2003). Most of the organizations are now relying upon the information systems in their day-to-day operations, management decisions and other business activities and World Bank tried it optimally. In the early part of 2000’s the World Bank and particularly its President James Wolfensohn set two main objectives to optimize its performance. The two objectives, which it wants to achieve, are decentralization and creation of a Knowledge Bank.                         ...Download file to see next pagesRead More