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The World Bank Group is a family of five international organizations that make loans and grants to developing countries for economic development and poverty reduction. It was founded in 1944 and has 189 member states, except for Andorra, Cuba, Liechtenstein, Monaco, Palestine, Taiwan, and North Korea.
The World Bank is an international financial institution that provides loans and grants to low- and middle-income countries. It consists of two organizations: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which have different memberships and mandates.
Learn about the role, history and current chief economist of the World Bank Group, the senior economist who provides intellectual leadership and direction to the bank's development strategy and research agenda. See the list of chief economists from 1972 to present, with their countries and terms of office.
The dream for many hard-working people is to one day be able to retire and travel the world. However, with rising costs and life getting in the way, the thought of becoming a vagabond who travels ...
Learn about the history, operations and staff of the World Bank's back office in Chennai, India. The office handles financial, accounting, administrative and IT services for the bank's global operations.
The selection of Diong, a dual U.S. citizen, marks a major milestone in the operationalization of the new World Bank-administered fund, whose creation in 2022 was a breakthrough for developing ...
Learn about the history and role of the World Bank Group president, who is the head of the World Bank Group and responsible for its management and operations. See the list of all presidents since 1946, including the current one, Ajay Banga.
Learn about the IMF, a major financial agency of the UN and an international financial institution funded by 190 member countries. Find out its history, functions, role, and challenges in promoting global monetary cooperation, financial stability, and economic growth.
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