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The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
Afghanistan is a World Bank Group member country. It has received financial support from the organization since 2002. The World Bank provides loans and grants to support its development and reconstruction efforts. The bank aims to help Afghanistan with matters such as poverty reduction, infrastructure development, education, and governance.
At the beginning of 2000, the World Bank started making investments in Tajikistan to create job opportunities through better access to healthcare, safe drinking water, improved education, diversification of agriculture, improved business environment, enhanced land rights, and restore productivity led growth.
The World Bank Group is a family of five international organizations that has provided leveraged loans and monetary assistance to the Central American country of Honduras in order to assist with the funding of critical tasks needed to ensure security of Honduran access to financing, expansion of social program coverage, and rural development. [1]
The World Bank Administrative Tribunal was established in 1980, to decide on disputes between the World Bank Group and its staff where allegation of non-observance of contracts of employment or terms of appointment had not been honored. [20] McNamara was succeeded by U.S. President Jimmy Carter's nominee, Alden W. Clausen, in 1980.
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.