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History of World Bank

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History of World Bank
hostoyuIntroduction
The World Bank was established in 1944 with the charter drive two post-war reconstruction. It evolved from the International Bank of Reconstruction and Development, but its present day mission is broader global poverty, together with its affiliates, the International Development Association..
The World Bank provides financial and technical assistance to emerging market countries. The World Bank is not really a common sense of the bank. Instead, it is made up of two development institutions: International Bank for Reconstruction (IBRD) and the International Development Association (IDA) international bank. It has 186 member states.
Banks close contact with three other organizations: International Finance Corporation (IFC), Multilateral Guarantee Agency (MIGA), and International Centre for Settlement of Investment Disputes (ICSID). Support its goal of reducing global poverty. There are five organizations make-up of the World Bank Group.
Since its inception, the World Bank has lent $ 40 billion in grants and credits. On the agenda of the World Bank and other issues, including reducing corruption, promoting education and health care. Bank has a key role, as the world's poorest people represented. Until 1968, the World Bank's main lending money, fiscal conservatism. Today, the World Bank, its lending practices, in order to meet the requirements of the environment and infrastructure around the world. New 'green' focus has been reviewed by a number of developing and less developed countries in order to improve the export and achieve economic equanimity available funds, while safeguarding citizens' facilities and service upgrades.
World Bank and the International Monetary Fund (IMF) is an intergovernmental support system dedicated to the improvement of the world financial order. Both are directed by the governments of Member States. The World Bank offers two types of loans: investment and development policies. Although investment loans are those

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