1. World Bank.
- Author
-
Miller, Shari Parsons, MA
- Subjects
International economic assistance ,World Bank ,United Nations Monetary & Financial Conference (1944 : Bretton Woods, N.H.) ,International banking industry - Abstract
The World Bank is a membership-based organization founded in 1944 as the International Bank for Reconstruction and Development (IBRD), with the goal of facilitating post–World War II reconstruction and economic development among member countries. Since then, the enterprise has expanded to encompass five separate but closely associated development agencies—known collectively as the World Bank Group—that work together to alleviate poverty, hunger, disease, and illiteracy among the world’s disadvantaged populations. The World Bank Group organizations are owned by the governments of the member nations and are governed by boards of executive directors and boards of governors, which retain ultimate decision-making power over all financial, membership, policy, and other matters. The operations of the World Bank Group are carried out by more than ten thousand personnel—ranging from economists and financial analysts to engineers, social scientists, and policy experts—in more than 120 offices across the globe.
- Published
- 2022