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Mar 12, 2019 · Learn about the World Bank Group, its history, composition, and goals. Find out how it works with developing countries on issues such as poverty, climate change, and trade.
Learn about the World Bank Group, its history, institutions, functions, and India's role. Download PDF notes for UPSC exam preparation.
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Traditionally, the President of the Bank has always been a U.S. citizen nominated by the US, the largest shareholder in the bank. The nominee is subject to confirmation by the board of executive directors to serve a five-year, renewable term. The boards of directors consist of the WB Group President and 25 executive directors.
Oct 12, 2022 · Learn about the World Bank Group, its institutions, objectives, lending pattern, source of funds, and organizational structure. Find out how the World Bank collaborates with the IMF and releases reports on various topics.
May 12, 2024 · Learn about the World Bank Group, its origin, members, and five institutions: IBRD, IDA, IFC, MIGA, and ICSID. Find out their roles, governance, and significance for development and poverty reduction.
- The governments of member countries own the entities that make up the World Bank Group.
- In January 1994, India became a member of MIGA.
- India was not only one of the original members of this concessional finance organisation, but it was also one of the first recipients of IDA aid wh...
- The World Bank receives funds from wealthy nations as well as bond issuance on global capital markets.
- The World Bank was established at Bretton Woods, New Hampshire, United States, in July 1944.
- The International Bank for Reconstruction and Development is the official name of the World Bank (IBRD).
The World Bank is an international organization dedicated to providing financing, advice, and research to developing nations to aid their economic advancement. The bank predominantly acts as an organization that attempts to fight poverty by offering developmental assistance to middle- and low-income countries. The World Bank was created in 1944 ...
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Nov 14, 2023 · Updated on: November 14th, 2023. World Bank, formally known as the International Bank for Reconstruction and Development (IBRD) is an international organization that was established to provide financial help to the governments in low and middle-income nations to fund their projects. The World Bank also acts as an organization that fights ...
