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World Bank overview

A) Financial Institution created at the end of the world's negotiated agreement among the delegates
of 44 independents nations in Breton woods to assist governments in their efforts to strengthen
their investment climates and pave the way for the country to attract and retain private
investment.

B) World Bank group is made up of the

International Bank for Reconstruction and Development (IBRD)

International Development Association (IDA)

Each Institution Play a different but collaborative role in advancing the vision of inclusive and
sustainable globalization. Their work is complemented by that of the

International Finance Corporation (IFC)

Multinational Investment Guarantee Agency (MICA )

International Centre for the Settlement of Investment Disputes (ICSID )

Together we provide low-interest loans, interest-free credits and grants to developing for a wide
array of purposes that include investment in education, health , public administration,
infrastructure, financial and private sector development, agriculture and environmental and
natural resource management.

According to Ford, Neil; African Business no. 307 ( March 2005 ) p. 32, 43-5

The World Bank is a vital source of financial and technical assistance to Developing
Countries.

On September 17, 2010 MICA issued a guarantee totaling $ 3.4 million to Geo-gas Trading
SA of Switzerland covering its investment in a liquefied petroleum gas (LPG) storage and distribution
project in Sierra Leone. The coverage is for a period of five years against the risk of transfer restriction,
expropriation and war and civil disturbance.

Further , Allee, Todd; Peinhardt, Clint : International Studies Quaterly March 2010, vol. 54 Issue
1, p1-26, 26p,4, added :

Bilateral investment treaties vary significantly in at least one important respect: whether
they allow investment disputes to be settled through the International Centre for the Settlement of
Investment Disputes.

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