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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 ...
Ajaypal Singh "Ajay" Banga (born November 10, 1959 [1]) is an Indian-born American business executive. [2] He is the president of the World Bank Group. [3] He was the executive chairman of Mastercard, after having previously been president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.
Portuguese is the only unofficial language to have its day (May 5) proclaimed as "World Day". [5] See also: Official languages of the United Nations. Universal Postal Union (UPU) French (official) and English (working). Other languages translated: Arabic, Chinese, German, Portuguese, Russian and Spanish World Bank (WB)
In September 1985, the Board of Governors of the World Bank endorsed the Convention establishing the Multilateral Investment Guarantee Agency. MIGA was established and became operational on 12 April 1988 under the leadership of then-Executive Vice President Yoshio Terasawa, becoming the fifth member institution of the World Bank Group.
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.
Several surveys and datasets have worked to measure various aspects of financial inclusion including access and usage of financial services. [14] [16] [17] Some sources, such as the World Bank's Global Findex database or the Gates foundation's Financial Inclusion Tracker Surveys are household surveys attempting to measure usage of financial services from the consumer's perspective. [14]
World Bank. World Bank eLibrary is a subscription-based online web portal of all books, working papers, and journal articles published by the World Bank from the 1990s to the present. It covers more than 20 disciplines related to poverty, development, and social science including economic and human development, agriculture, infrastructure ...