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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 ...
This research – which was published notably in the 1974 book Redistribution with growth – helped the Bank move to a more poverty-focused approach in the mid- and late 1970s. [4] Chenery's work was wide-ranging but might be summarised as involving the analysis of patterns of development, the use of a two-gap model and multi-sectoral analysis ...
Woods was first called to the World Bank by Eugene Black, the World Bank's president from 1949 to 1962, who was an old associate and friend from Harris, Forbes. [1] While at the World Bank, Black had asked him to help out on special assignments for the bank. [1] [3] [4] Woods had thereby become familiar with the workings of the World Bank. [1]
World Bank Group's Franziska Ohnsorge joins Yahoo Finance Live to discuss inflation, recessionary risks, rising rates, and the outlook for the global economy.
Jamaica's initial quota was in the amount of US$20,000, which was allocated to the IMF in February 1963. Subsequently, Jamaica has increased its quota shares in 1966 (twice),and again in 1969, 1970, 1978, 1980, 1984, 1992, 1999, and in 2016. As of today, Jamaica has an outstanding (unpaid) loan in the amount of 528.78 million SDR's. [28]
A man-made disaster in eastern Brazil in the late 1970s helped prompt the World Bank to adopt its first systematic protections for people living in the footprint of big projects. Rising waters upstream from the Sobradinho Dam, built with World Bank financing, forced more than 60,000 people from their homes.
In the 1960s Jamaica experienced several years of growth. During this time The World Bank provided Jamaica with loan agreements which supported a number of development projects. In 1965 The World Bank provided Jamaica with loans that supported the construction that expanded a road from Kingston to Spanish Town. [31]