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World Bank |
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World Bank: see International Bank for Reconstruction and Development International Bank for Reconstruction and Development (IBRD), specialized agency of the United Nations, with headquarters at Washington, D.C.; also called the World Bank. ..... Click the link for more information. . World BankSpecialized agency of the United Nations system, established at the Bretton Woods Conference for postwar reconstruction. It is the principal international development institution. Its five divisions are the International Bank for Reconstruction and Development (IBRD; its main component), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Center for Settlement of Investment Disputes (ICSID). The IDA (founded 1960) makes interest-free loans to the bank's poorest member countries. The IFC (founded 1956) lends to private businesses in developing countries. The MIGA (founded 1985) supports national and private agencies that encourage foreign direct investment by offering insurance against noncommercial risks. The ICSID (founded 1966) was developed to relieve the IBRD of the burden of settling investment disputes. See also International Monetary Fund. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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A World Bank study shows that nearly one third of the children under age 5 in the developing world are either underweight or stunted by malnutrition. World Bank Commissar Paul Wolfowitz, formerly deputy secretary of defense in the Bush administration, has announced plans to underwrite--with U. Activists marched on the annual spring meetings of the World Bank and the International Monetary Fund held in Washington, D. |
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