The World Bank was founded on December 27, 1945, commenced business in June 1946. The World Bank Group currently consists of the International Bank for reconstruction and development (World Bank), the International Development Association, the International Finance Corporation, the multilateral inve ...
“Despite these and other similarities, however, the Bank and the IMF remain distinct. The fundamental difference is this: the Bank is primarily adevelopmentinstitution; the IMF is acooperativeinstitution that seeks to maintain an orderly system of payments and receipts between nations. Each has a ...
The World Bank consists of the IBRD and the International Development Association (IDA). Collectively, the World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) are known as the World Bank Group. The last parts of the chapter discuss IDA ...
Together, the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries. While the World Bank Group consists offive development in...
worldbankgroup developingcountries FiveInstitutions,OneGroup TheWorldBankGroupconsistsoffiveorganizations:TheInternationalBankforReconstructionandDevelopment（国际复兴开发银行）TheInternationalBankforReconstructionandDevelopment(IBRD)lendstogovernmentsofmiddle-incomeandcreditworthylow-incomecountries.TheInternationalDevelopment...
Organization associated with the World Bank The World Bank Group consists of five international organizations that provide financing to developing countries. They are: The International Bank for Reconstruction and Development (IBRD) The International Development Association (IDA) The International Finance ...
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The World Bank consists of two organizations. The International Bank for Reconstruction and Development(IBRD): itlends to governments of middle-income and creditworthy low-income countries. 国际复兴开发银行向中等收入国家政府和信誉良好的低收入国家政府提供贷款。 The International Development Association(IDA)...
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The World Bank president comes from the United States—the group's largest shareholder. Members are represented by a board of governors. Powers are delegated throughout the year to a board of 25 executive directors.6 The World Bank consists of five different organizations that a...