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The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. It is the first of five member institutions that compose the ...
To be eligible for support from the IDA, countries are assessed by their poverty and their lack of creditworthiness for commercial and IBRD borrowing. [27] The association assesses countries based on their per capita income, lack of access to private capital markets , and policy performance in implementing pro-growth and anti-poverty economic ...
The International Bank for Reconstruction and Development (IBRD) has 189 member countries, while the International Development Association (IDA) has 174. Each member state of IBRD should also be a member of the International Monetary Fund (IMF) and only members of IBRD are allowed to join other institutions within the bank (such as IDA). [2]
Additionally, the Philippines and the World Bank have set goals for the Philippines by 2040. By that time, the Philippines wants to be free from poverty and sustain a prosperous middle class. [39] In order to do so, the World Bank estimates that income per capita must triple by way of having its economy grow at an average annual rate of 6.5%. [40]
The Philippines has submitted films for the Academy Award for Best International Feature Film [nb 1] since the inception of the category in 1956, when it became the first independent nation in Southeast Asia to join the competition.
The following is a list of international organizations in which the Philippines officially participates. List International organization membership of the Philippines [ edit ]
By serving as a multilateral guarantor, the agency reduces the likelihood of confrontations among the investor's country and the host country. [ 5 ] MIGA's inaugural investment guarantees were issued in 1990 to cover $1.04 billion ($1.83 billion in 2012 dollars [ 4 ] ) worth of foreign direct investment (FDI) comprising four individual projects.
Later when China was categorized as middle-income country, it switched to International Bank for Reconstruction and Development (IBRD) as its main borrower, and had borrowed $39.8 billion until 2011. [2] Currently China is categorized as an upper-middle-income country, and work with the World Bank mainly for funding small-scale projects.