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WorldBank_Group10B

WorldBank_Group10B

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Published by Richa Sharma
IIMU Section-B 2014
IIMU Section-B 2014

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Categories:Types, Business/Law
Published by: Richa Sharma on Dec 10, 2012
Copyright:Attribution Non-commercial

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12/10/2012

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THE WORLDBANK
Its is not a
 bank… Its
afinancial institutionthat provides technicaland financialassistance todeveloping countriesaround the world.
……….
 
 
HISTORY
WB was created at Bretton Woods Conference in 1944during world war II
Most powerful countries in the conference were US & UK
Objective to rebuilt Europe post-war
It started as the International Bank for Reconstruction andDevelopment (IBRD)
First loan worth $250 million was given to France in 1947
Robert McNamara who was appointed to the presidency in1968
 
INTRODUCTION
WB is now a part of World Bank Group
WB Group
InternationalDevelopmentAssociation (IDA)International FinanceCorporation (IFC)International Centrefor Settlement of Investment Decisions(ICSID)MultilateralInvestmentGuarantee Agency(MIGA)IBRD
The World Bank (WB) is like a co-operative
It comprising of 188 member countries who are represented by aBoard of Governors
These Board of Governors are also the ultimate policy makers anddecision makers of WB
A country has to join the International Monetary Fund (IMF) prior

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