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The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
The World Bank Treasury is the division of the IBRD that manages the Bank's debt portfolio of over $100 billion and financial derivatives transactions of $20 billion. [21] The Bank offers flexible loans with maturities as long as 30 years and custom-tailored repayment scheduling. The IBRD also offers loans in local currencies.
On September 27, 2016, Kim was reappointed as the World Bank president, for a five-year term beginning July 1, 2017. [49] On January 7, 2019, Kim announced that he would step down as president, effective February 1, 2019. [50] It was announced that he would be joining Global Infrastructure Partners after departing the World Bank presidency. [51]
Ajaypal Singh "Ajay" Banga (born November 10, 1959 [1]) is an Indian-born American business executive. [2] He is currently the president of the World Bank Group. [3] He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.
Managing Director of the World Bank; Assistant Administrator of the U.S. Agency for International Development (USAID) First interim World Bank Group president born outside United States First World Bank Group president born in Europe First World Bank Group president from Germany: 9 James Wolfensohn: June 1, 1995 – May 31, 2005 United States [a]
Clausen was certified to practice law after graduating from the University of Minnesota Law School, but instead he got a job at the Bank of America in Los Angeles, California. He became vice president in 1961, senior vice president in 1965, executive vice president in 1968, vice chairman of the board in 1969, and president and CEO in 1970.
World Bank. World Bank eLibrary is a subscription-based online web portal of all books, working papers, and journal articles published by the World Bank from the 1990s to the present. It covers more than 20 disciplines related to poverty, development, and social science including economic and human development, agriculture, infrastructure ...