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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 ...
There are five "closely associated institutions" that each have a "distinct role" [4] and together form the World Bank—the IBRD, the International Development Association (IDA), the International Finance Corporation (IFC), that "invests in private firms and promotes entrepreneurship", [5] the Multilateral Investment Guarantee Agency (MIGA), that guarantees loans, and the International Centre ...
Ajaypal Singh "Ajay" Banga (born November 10, 1959 [1]) is an Indian-born American business executive. [2] He is currently the president of the World Bank Group. [3] He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.
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]
Sebastian Mallaby's The World's Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations (2004) (The World's Banker) [1] is a financial biography book. British journalist Mallaby is a highly ranked member of the Council on Foreign Relations , [ 2 ] working in international economics.
Clausen was certified to practice law after graduating from the University of Minnesota Law School, but instead he got a job at the Bank of America in Los Angeles, California. He became vice president in 1961, senior vice president in 1965, executive vice president in 1968, vice chairman of the board in 1969, and president and CEO in 1970.
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 ...