Wednesday, August 12, 2009

World Bank

•International Bank for Reconstruction and Development: a United Nations agency created to assist developing nations by loans guaranteed by member ...

•The World Bank Group (WBG) is a family of five international organizations makes leveraged loans, generally to poor countries. ...

•The World Bank is an international financial institution that provides financial and technical assistance to developing countries for development ...

•A group of five financial organizations whose purpose is economic development and the elimination of poverty

•The World Bank is an American-based organization with 184 member countries. “The World Bank is a vital source of financial and technical assistance to developing countries around the world“ [4]. ...

•International institution set up to promote general economic development in the world's poorer nations.

•( in World Bank: Origins ) Founded in 1944 at the UN Monetary and Financial Conference (commonly known as the Bretton Woods Conference), which was convened to establish a new, post-World War II international economic system, the World Bank officially began operations in June 1946. ...

•Part of a group of financial institutions, the World Bank focuses on the reduction of global poverty and seeks to achieve this through the provision of low- or no-interest loans and grants to countries with little or no access to international credit markets. ...

•The World Bank is one of the institutions established at a meeting in Bretton Woods, New Hampshire, towards the end of World War II. ...

•Through loans and "structural adjustment" policies - often to unelected governments - this institution has helped keep most nations of the global south in poverty. ...

•Constituted in 1945 as part of the Bretton Woods agreements, the World Bank is committed to financing international economic development and to eliminating poverty. The United States holds 16.4% of the total votes, Japan 7.9%, Germany 4.5%, and the United Kingdom and France each 4.3%. ...

•IBRD or Int’l Bank for Reconstruction & Development, a UN agency. Funded by “developed” (rich) nations taxpayers, it provides loans & ...

•An agency of the United Nations that offers loans to countries to promote trade and economic development.

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