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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 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.
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]
Between 2004 and 2013, the World Bank committed to lend or give at least $338 billion, according to bank data. Its private-lending affiliate, the International Finance Corporation, committed to invest at least $116 billion during the same period in corporations and other banks in pursuit of the overall goal of alleviating poverty.
The development of the World Bank, the IMF, regional development banks such as the European Bank for Reconstruction and Development (EBRD), and multilateral trade institutions such as the WTO signals a move away from the dominance of the state as the primary actor analysed in international affairs.
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.
International Finance Corporation IFC logo IFC headquarters building, designed by architect Michael Graves Formation July 20, 1956 ; 68 years ago (1956-07-20) Type Development finance institution Legal status Treaty Purpose Private sector development, Poverty reduction Headquarters Washington, D.C., United States Membership 186 countries Managing Director Makhtar Diop Parent organization World ...
How The World Bank Is Financing Environmental Destruction. India. A Power Plant Backed By The World Bank Group Threatens A Way Of Life. Honduras. World Bank’s Business-Lending Arm Backed Palm Oil Producer Amid Deadly Land War. Kosovo. Kosovars Who Rebuilt War-Torn Village Face New Threat As World Bank Considers Coal-Burning Power Plant