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World Bank (the Bank), is an internationally supported bank that provides loans to developing countries for development programs with the stated goal of reducing poverty. The World Bank differs from the World Bank Group in that the former comprises only the International Bank for Reconstruction and Development and the International Development Association, while the latter incorporates these entities in addition to three others.[1]

The World Bank was formally established on December 27, 1945, following the ratification of the Bretton Woods agreement. The concept was originally conceived in July 1944 at the United Nations Monetary and Financial Conference. Two years later, the Bank issued its first loan: $250 million to France for post-war reconstruction, the main focus of the Bank's work in the early post-World War II years. Over time, the "development" side of the Bank's work has assumed a larger share of its lending, although it is still involved in post-conflict reconstruction, together with reconstruction after natural disasters, response to humanitarian emergencies and post-conflict rehabilitation needs affecting developing and transition economies.

Related tags: transport, sociology, economics, inequality, transition economies, trade documents, sociologyfiles, toolkit, highlights, presentations

Books: Water Resources Sector Strategy Strategic Directions for World Bank Engagement - World Bank

Water Resources Sector Strategy Strategic Directions for World Bank Engagement - World Bank


Many developing countries face daunting water resources challenges as the needs for water supply, irrigation, and hydroelectricity grow; as water becomes more scarce, quality declines, and environment…

Books: The evolution of the world bank

The evolution of the world bank


The evolution of the world bank

Books: Evaluation of world bank assistance to kazakhstan

Evaluation of world bank assistance to kazakhstan


Evaluation of world bank assistance to kazakhstan

Books: Economies in transition: an oed evaluation of world bank

Economies in transition: an oed evaluation of world bank


Economies in transition: an oed evaluation of world bank

Books: The world bank, privatization and enterprise reform

The world bank, privatization and enterprise reform


The world bank, privatization and enterprise reform

Books: The world bank global facilitation partnership for transportation

The world bank global facilitation partnership for transportation


The world bank global facilitation partnership for transportation
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