An international organization created at Breton Woods in 1944 to help in the reconstruction and development of its member nations. Its goal is to improve the quality of life for people in the poorer regions of the world by promoting sustainable economic development. See also International Bank for Reconstruction and Development.
Informal name for a group of four affiliated international institutions: the International Bank for Reconstruction and Development (IBRD); the International Development Association (IDA); the International Finance Corporation (IFC); and the Multilateral Investment Guaranty Agency (MIGA). The four institutions are owned by the governments of the countries that subscribe their capital for credit and investment in developing countries; each institution has a specialized agenda for aiding economic growth in target countries. To participate in the World Bank group, member states first must belong to the International Monetary Fund (IMF-- q.v.).
The World Bank Group is comprised of five agencies that make loans or guarantee credit to 177 member countries. Its stated aim is to help countries reduce poverty by making long-term loans to governments for large-scale projects such as dams or pipelines, or to back economic reform programmes. However, World Bank loans have often had very negative effects on countries putting them in situations of precarious debt and setting conditions on which countries can receive loans, conditions which often have a devastating impact on the lives of citizens.
An organization whose focus is on foreign exchange reserves and the balance of trade. see also bank.
Being 'Fair and Balanced' here -] An organisation which makes loans to poor countries in order to help them develop their economies, thus helping to eradicate the blight of poverty from the Earth. or An instrument of US imperialism. Let's use an analogy - think of the World Bank as your friendly neighbourhood Loan Shark, then, the IMF is best thought of as being Big Tony and Rocco, the loan shark's friends, and the Structural Adjustment Program is then a baseball bat; finally, the Pentagon is the hitman waiting in the shadows should you fail to show the necessary 'Respect'.
An agency founded in 1944 to help fund development assistance, largely through loans to national governments. The World Bank website says the bank loaned $17.3 billion US to client countries in 2001. On its website, the World Bank says: "The Bank uses its financial resources, its highly trained staff, and its extensive knowledge base to individually help each developing country onto a path of stable, sustainable, and equitable growth." Activist critics say the World Bank's emphasis on loans has led to the debt crisis facing many developing countries.
IBRD or Int'l Bank for Reconstruction & Development, a UN agency. Funded by “developed” (rich) nations taxpayers, it provides loans & technical assistance for both govt & private economic projects in “developing” (poor) nations. Political correctness aside, it's a 3rd world welfare agency. All World Bank member nations are required to be IMF (Int'l Monetary Fund) members. Since World Bank & IMF are UN agencies duplicating most functions, they should merge to cut costs & bureaucracy.
Formally known as the International Bank for Reconstruction and Development, it is one of the Multilateral Fund's implementing agencies.
A branch of the United Nations that acts as a conduit to handle loans to developing countries.
A group of five closely associated international institutions providing loans and other development assistance to developing countries. The five institutions are IBRD, IDA, IFC, MIGA, and ICSID. As of July 2000, the largest of these, IBRD, had 181 member countries.
Set up under Bretton Woods in 1944, the official name is the International Bank for Reconstruction and Development. It is the main agency for channelling aid funds, usually medium term, for capital and human resource projects to developing nations. The World Bank can channel private funds and make loans from its own resources. It also raises money by selling bonds on the world capital markets.
The Bank of reconstruction and Development formed at Bretton Woods to lend money to poorer countries at reasonable rates of interest.
formally known as the International Bank for Reconstruction and Development; its purpose is to promote economic and social progress in developing nations by raising productivity; it lends funds, provides advice, stimulates outside investments. World Bank funds come primarily from money raised in the world capital markets. Headquarters is in Washington, DC.
an international organization that assists developing economies by providing loans and technological assistance.
The World Bank is an integrated group of international institutions which provides financial and technical assistance to developing countries. The World Bank includes the International Bank for Reconstruction and Development and the International Development Association. World Bank affiliates, legally and financially separate, include the International Center for Settlement of Investment Disputes, the International Finance Corporation, and the Multilateral Investment Guarantee Agency. World Bank headquarters are in Washington, D.C.
a United Nations agency created to assist developing nations by loans guaranteed by member governments
An agency of the United Nations established at the end of the Second World War to promote post-war economic recovery, development and trade, principally by providing development finance. The Bank promotes economic development and growth in developing countries by providing investment resources (e.g. capital and expertise) in support of development projects and microeconomic policy reforms that contribute to growth. For more informa tion, visit the World Bank web site.
A bank made up of members of the IMF whose aim is to assist in the development of member states by making loans where private capital is not available.
Officially called the International Bank for Reconstruction and Development, this bank was established in 1944 to provide loans for the reconstruction of Europe. In the 1970s the World Banks' focus shifted to assist in the reconstruction and development of its poor members by facilitating capital investment, making loans, and promoting foreign investment. The Bank has historically focused on large infrastructure and other development projects. Like the International Monetary Fund, the World Bank has a set of strict requirements for economic policy reform before making grants or loans(see SAPs).
An international lending institution that aims to reduce poverty and improve people's lives by strengthening economies and promoting sustainable development. Owned by the governments of its 181 member countries, the Bank lends about $20 billion a year to development projects, provides technical assistance and policy advice, and acts as a catalyst for investment and lending from other sources. The World Bank's poorest members receive loans for up to 50 years without interest. Other needy members receive loans for 15-20 years at lower interest rates than are charged by commercial banks.
Originally known as the international Bank for Reconstruction and Development. Set up after WWII to facilitate the reconstruction of economies in Europe devastated by the war. In later years, it took on the role of providing loans to majority world countries for the puposes of economic development. The World Bank is a sister organization to the IMF - both of which are based in Wahington DC.
An international financial institution created at the end of World War Two to provide assistance to developing economies.
an international institution established in 1944 to assist with the reconstruction of post-war Europe. Today, it is the largest public development institution in the world providing long-term loans to governments for development projects in a variety of sectors (see 'conditionality'). Total World Bank lending for 1999 was US$29 billion.
The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an intergovernmental financial institution located in Washington, DC. Its objectives are to help raise productivity and incomes and reduce poverty in developing countries.
Founded in 1944, the World Bank Group consists of five closely associated institutions: the International Bank for Reconstruction and Development (IBRD); International Development Association (IDA), International Finance Corporation (IFC); Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). It is the world's largest source of development finance, lending (in 2000) approximately $15.3 billion to its client countries. Link to World Bank web site: http://www.worldbank.org
one of the world's largest sources of development assistance, the World Bank works in more than 100 developing economies with the primary focus of helping the poorest people and the poorest countries.
The World Bank Groupâ€™s mission is to fight poverty and improve the living standards of people in the developing world. It is a development Bank which provides loans, policy advice, technical assistance and knowledge sharing services to low and middle income countries to reduce poverty. The Bank promotes growth to create jobs and to empower poor people to take advantage of these opportunities. The World Bank's mission in Turkey is to set the country on a path of sustained and steady economic development and improve the living conditions of its people. TÃ¼rkÃ§e
Created as a sister organization to the International Monetary Fund as a result of the Bretton Woods conference. Its purpose, after initially emphasizing the reconstruction of Europe after World War II, has been to lend funds at commercial rates and to provide technical assistance in order to facilitate economic development in its poorer member countries. Officially called the International Bank for Reconstruction and Development. In recent years, it has been criticized for its lending practices, particularly due to the perception that recipients of aid have not been participants in determining their own needs.
Set up to give loans to countries for development projects. Since the 1980s has only given loans in return for countries agreeing to specific policies - which include liberalising trade.
the international agency in charge of loans for development programs.
Acronym for the International Bank for Reconstruction and Development.
A multilateral development finance agency created by the 1944 Bretton Woods, (New Hampshire) negotiations. It makes loans to developing countries for social overhead capital projects that are guaranteed by the recipient country. See: International Bank for Reconstruction and Development.
A group of financial institutions that assist poorer nations with economic development through loans (often with little or no interest rates) to fund investment and reduce poverty
A collection of international organizations to aid countries in their process of economic development with loans, advice, and research. It was founded in the 1940s to aid Western European countries after World War II with capital. Click here to go to the World Bank web site. Source: econterms
Officially the International Bank for Reconstruction and Development, the World Bank is an international organization established in 1945 that assists governments around the world in economic development efforts.