2006-11-15 20:42:03 · 3 answers · asked by abotsi c 1 in Business & Finance ➔ Other - Business & Finance
The World Bank Group is a group of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and poverty, where the United Nations Monetary and Financial Conference that led to their establishment took place (1 July-22 July 1944). The Bank came into formal existence on 27 December 1945 following international ratification of the Bretton Woods agreements. Commencing operations on 25 June 1946, it approved its first loan on 9 May 1947 ($250m to France for postwar reconstruction, in real terms the largest loan issued by the Bank to date). Its five agencies are:
International Bank for Reconstruction and Development (IBRD)
International Finance Corporation (IFC)
International Development Association (IDA)
Multilateral Investment Guarantee Agency (MIGA)
International Centre for Settlement of Investment Disputes (ICSID)
For more see link below.
2006-11-15 20:52:41 · answer #1 · answered by KIT J 4 · 0⤊ 0⤋
Big time money lenders
2006-11-15 20:45:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
accordig they are the sources of money to the world...
2006-11-15 20:50:23 · answer #3 · answered by Anonymous · 0⤊ 0⤋