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The World Bank is an international financial institution that provides loans and grants to the governments of ... The World Bank Group headquarters building in ...
The World Bank Sign on the building. Together with four affiliated agencies created between 1957 and 1988, the IBRD is part of the World Bank Group. The group's headquarters are in Washington, D.C. It is an international organization owned by member governments; although it makes profits, they are used to support continued efforts in poverty ...
The Palace of Nations.The United Nations Office at Geneva (Switzerland) is the second most important UN centre, after the United Nations Headquarters.. While the Secretariat of the United Nations is headquartered in New York City, its many bodies, specialized agencies, and related organizations are headquartered in other parts of the world, particularly in Europe.
The World Bank was first founded after World War II to help finance the reconstruction of Europe, and, along with the IMF, has since become a central node in a group of international financial ...
During the 1950s, the World Bank considered building its international headquarters here and on the adjacent site (which now houses the Kennedy Center), but rejected the site for unspecified reasons. It constructed its headquarters at its current location at 1818 H Street NW in Washington, D.C. [ 21 ]
World Bank headquarters in Downtown Washington. In addition to foreign diplomatic missions, the city holds an important role in global finance and international economics. The Federal Reserve ("The Fed"), located along Constitution Avenue, is the United States' central bank.
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 Taramani office, measuring 128,000 sq ft area, is the largest bank-owned building outside its headquarters in Washington, DC. [ 11 ] [ 12 ] Most of the administrative expense and trust fund transactions for the Bank, which range between US$1 billion and US$2 billion a year, are processed in the Chennai office. [ 1 ]