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The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the ... 2005–2007 ...
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 ...
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]
In March 2005, Wolfowitz was nominated to be president of the World Bank by US President George W. Bush. [54] Criticism of his nomination appeared in the media. [ 55 ] Nobel Laureate in Economics and former chief economist for the World Bank Joseph Stiglitz said: "'The World Bank will once again become a hate figure.
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
In addition to the main rally and march sponsored by ANSWER and United for Peace and Justice, the Mobilization for Global Justice sponsored a feeder march to protest the policies of the World Bank and International Monetary Fund (IMF), held to coincide with the fall meetings of the World Bank and IMF, which were happening on the same weekend.
Sir James David Wolfensohn KBE, AO (1 December 1933 – 25 November 2020) was an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005). During his tenure at the World Bank, he is credited with the focus on poverty alleviation and a rethink on development financing ...
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...