World Bank
World Bank
Abdullah Alshawdhabi
Coleman University
World Bank
The World Bank was created in 1944 at a conference called the Bretton Woods Conference, also known as the United Nations Monetary and Financial Conference, and it is located in Washington DC along with the International Monetary Fund. These two entities work closely with each other. Two men by the names of Lord Keynes and Harry Dexter are the founding fathers of both of The World Bank and The International Monetary Fund.
World Bank (Europe) The world bank has great impact in improvement the countries and struggle against poverty. In development countries the world bank improved the Infrastructure construction, educations, and support the governments, in order to handle the peace on their countries. World bank provides the load for the developments countries in order to reduction the poverty. Bank started to provides loan in Europe especially in France,Poland and Chile. The loan was not small and not big amount, it was more than 250 million.
Poland, Chile, and France were among the first countries to apply for a loan. The first country to receive a World Bank loan was France. This was on the condition that the French government first removes all of their members that were associated with the Communist party, and give first priority of debt repayment to the World Bank over other governments. France did so and the World Bank gave them a loan of $250 million US dollars. Joshi. Devin. (2013).
In the beginning of 1980 the bank started to enriched its skills and focus in the developing countries. The aim of the administration of the bank is to help the normal or the simple people that they are in the needs. When the aim was determined for the simple or the ordinary people the money and the number and the amount increased up in shortly time and expended from Infrastructure construction into the social services and the other aspects. The change came with Robert McNamara, he improved the bank
Abdullah Alshawdhabi
Coleman University
World Bank
The World Bank was created in 1944 at a conference called the Bretton Woods Conference, also known as the United Nations Monetary and Financial Conference, and it is located in Washington DC along with the International Monetary Fund. These two entities work closely with each other. Two men by the names of Lord Keynes and Harry Dexter are the founding fathers of both of The World Bank and The International Monetary Fund.
World Bank (Europe) The world bank has great impact in improvement the countries and struggle against poverty. In development countries the world bank improved the Infrastructure construction, educations, and support the governments, in order to handle the peace on their countries. World bank provides the load for the developments countries in order to reduction the poverty. Bank started to provides loan in Europe especially in France,Poland and Chile. The loan was not small and not big amount, it was more than 250 million.
Poland, Chile, and France were among the first countries to apply for a loan. The first country to receive a World Bank loan was France. This was on the condition that the French government first removes all of their members that were associated with the Communist party, and give first priority of debt repayment to the World Bank over other governments. France did so and the World Bank gave them a loan of $250 million US dollars. Joshi. Devin. (2013).
In the beginning of 1980 the bank started to enriched its skills and focus in the developing countries. The aim of the administration of the bank is to help the normal or the simple people that they are in the needs. When the aim was determined for the simple or the ordinary people the money and the number and the amount increased up in shortly time and expended from Infrastructure construction into the social services and the other aspects. The change came with Robert McNamara, he improved the bank
References: Joshi. Devin. (2013).International Economic. p249-275. 27p Weaver. Catherine. (2007).Banking Industries. 13 Issue 4, p493-512. 20p. Grossman. Richard. (2013). Economic Aspects. 1, p132-155. 24p.