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World Bank Group

Overview

  • Areas of Study Any discipline
  • Posted Opportunities 6
  • Founded Since 1944

Organization Description

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. The World Bank is an international financial agency that lends and grants to governments in low- and middle-income nations to fund capital projects.

The World Bank Group owns three international organizations: the International Bank for Reconstruction and Development (IBRD), the International Finance Corporation, and the International Development Association (IDA).

At the 1944 Bretton Woods Conference, it was founded alongside the International Monetary Fund. After a sluggish start, it made its first loan to France in 1947.

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to continue reading relate to World Bank Group’s official website.

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