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Encyclopedia: World Bank Group

The World Bank Group is a group of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and eliminating poverty. The Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods agreements, where the United Nations Monetary and Financial Conference that led to their establishment took place (1 July - 22 July 1944). Commencing operations on 25 June 1946, it approved its first loan on 9 May 1947 ($250m to France for postwar reconstruction, in real terms the largest loan issued by the Bank to date). Its five agencies are:

The World Bank's activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation, rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, electricity), and governance (e.g. anti-corruption, legal institutions development). The IBRD and IDA provide loans at preferential rates to member countries, as well as grants to the poorest countries. Loans or grants for specific projects are often linked to wider policy changes in the sector or the economy. For example, a loan to improve coastal environmental management may be linked to development of new environmental institutions at national and local levels and to implementation of new regulations to limit pollution.

Translations

How to say "World Bank Group" in other languages:

	(Chinese)	世界银行
	(Japanese)	世界銀行
	(German)	Weltbank
	(Spanish)	Banco Mundial
	(French)	Banque mondiale
	(Italian)	Banca Internazionale per la Ricostruzione e lo Sviluppo

Search results

James Wolfensohn

James Wolfensohn is the ninth and current president of the World Bank Group...

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Annual Meetings of the International Monetary Fund and the World Bank Group

The IMF and World Bank meet each autumn in what is officially known as the Annual Meetings of the International Monetary Fund and the World Bank Group and each spring in the Spring Meetings of the International Monetary Fund and the World Bank Group . On the weekend of the autumn meetings the G7...

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International Development Association

developing countries on terms more lenient than those of the World Bank proper, and forms part of the World Bank group based in Washington, D.C....

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International Finance Corporation

For the movie channel IFC, see Independent Film Channel. Ihe International Finance Corporation (IFC) was created on July 20, 1956. It is responsible for providing finance to support private ventures in developing countries, and forms part of the World Bank group based in Washington, D.C....

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List of World International Organizations

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Prince Constantijn of the Netherlands

Corporation of the World Bank group in Washington D.C. Prince Constantijn married Laurentien "Petra...

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Central bank

Portugal. Also should be noted: World Bank group – In a sense, the central investment bank of the world... España (*) Sweden – Sveriges Riksbank – The world's oldest central bank. Thailand – Bank of... Although officially state owned in most countries, the central bank is usually an autonomous...

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Don Brash

World Bank group. In 1971, however, he returned to New Zealand to serve as the general manager of... Trust Bank, a newly-established banking group. In 1988, Brash became Governor of the Reserve Bank... in New Zealand. Formerly Brash served as Governor of the Reserve Bank of New Zealand. Born in...

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Gordon Wu

International Finance Corporation of the World Bank Group Member of APEC Business Advisory Council (ABAC... developing his vision of creating a world-class transport system for China's manufacturing powerhouse...

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List of banks

Investment Bank World Bank group... This is a list of banks throughout the world. See also list of companies. Australia ANZ Adelaide...) Bank Leumi Japan Bank of Japan Mitsubishi Tokyo Financial Group Mitsui Trust Holdings Mizuho...

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