Explain the following terms/concept :

World Bank.

4 views

1 Answers

1. The World Bank is an international organization formed to provide finance, advice and research to developing nations.

2. It was created at the 1944 Bretton Woods Conference along with the International Monetary Fund (IMF) 

3. The head quarter of World Bank is in Washington D.C. 

4. It provides financial as well as technical assistance to the member countries of the world. 

5. It comprises of two institutions namely – the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

4 views