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Table of Contents
Introduction......................................................................................................................................2
History of World Bank.....................................................................................................................2
World Bank
Introduction
The world Bank is a global institution that gives loans to developing countries for capital
programs. It includes 2 institutions: the International Bank for Reconstruction and Development
(IBRD), and therefore the International Development Association (IDA). The World Bank may
be
a part of the
World
an
element of
the international
organization system. The World Bank's official goal is that the reduction of financial condition.
Anyway, in line with its Articles of Agreement, all its selections should be target-hunting by a
commitment to the promotion of foreign investment and international trade and to the facilitation
of Capital investment. (World bank, 2016)
was
originally
created
as
International
Bank
for
Reconstruction and Development (IBRD) in 1944 along with his twin IMF(International
Monitory Fund). It was founded in said period at the UN Monetary and Financial Conference
which was commonly known as the Bretton Woods Conference. It was convened to establish
a new, post-World War II international economic system. The World Bank officially began
operations in June 1946.
(Why is World Bank was established?)
3. The World Bank was created at the end of World War II by the U.S. and British governments.
During the war the business classes of Europe were either supporting the Nazis, or they fled
Europe with all the money they could carry. On the other hand, socialists, communists and
anarchists had high credibility because they were the leaders of the Resistance to Nazi
occupation. In order to prevent leftists from coming to power in western Europe, it was crucial to
U.S. and British elites to get the business classes back into power.
Operational Policies
Accountability
References
World Bank (2016) in Wikipedia. Available at: https://en.wikipedia.org/wiki/World_Bank
http://www.worldbank.org/en/about/leadership/members