World Bank
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World Bank

World Bank | World Bank | Scoop.it
  • The World Bank is an organization which provides loans to developing countries and capital programs.
  • The World Bank was setup in 1944 after the world war an was helping out countries which suffered during and after the world war.
  •  The original purpose of the World Bank was to lend money to Western European governments to help them rebuild thier countries after the war.
  • In the later years the World Bank shifted it's attention towards development loans to 3rd world countries.
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World Bank ranking will help bolster economy: Awang Adek - The Sun Daily

World Bank ranking will help bolster economy: Awang Adek - The Sun Daily | World Bank | Scoop.it
World Bank ranking will help bolster economy: Awang AdekThe Sun DailyBACHOK (Nov 4, 2012): The World Bank Report 2013 Edition, which reckoned Malaysia as the 12th most competitive nation for business, will help boost the economy amid the uncertain...
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World Bank Offers Myanmar Development Grant - Wall Street Journal (blog)

World Bank Offers Myanmar Development Grant - Wall Street Journal (blog) | World Bank | Scoop.it
Wall Street Journal (blog)World Bank Offers Myanmar Development GrantWall Street Journal (blog)The World Bank will provide Myanmar with an $80 million development grant ahead of multilateral efforts by the international financing community to clear...
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What are the Major Achievements of the World Bank ?

  • The Bank's membership has increased from the initial number of 30 countries to 68 countries in 1960 and to 151 countries in 1988.
  • The subscribed capital has increased from the initial amount of $ 10,000 million to $ 19,300 million in 1960 and further to $ 91,436 million in 1988. This increased capital has led to the expansion of the Bank's lending capacity.
  • In 1960, the Bank approved loans worth $ 659 million which went up to $ 14,762 million in 1988.
  • The disbursement of loans increased from $ 544 million in 1960 to $11636 million in 1988.
  • In 1960, 31 operations were approved for financial assistance. In 1988, the number of operations approved increased to 118.
  • Cumulatively, up to June 1988, the IBRD has provided loans worth $155049 million
  • The Bank grants medium and long-term loans (i.e., payable over a period of 15-20 years) for reconstruction and development purposes to the member countries. The actual term of a loan depends upon the estimated useful life of the equipment or plant financed.
  • In the initial years of its establishment, the World Bank's loans were mainly directed to the European countries (whose economies were shattered during the World War II) for financing their programmes of reconstruction. The Bank provided loans worth about $ 5, 00 million for reconstruction purpose.

 

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World Bank Group

World Bank Group | World Bank | Scoop.it
worldbank.org - The World Bank Group offers loans, advice, and an array of customized resources to more than 100 developing countries and countries in transition...
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World Bank lists Nigerian govt among poor finance managers - The Guardian Nigeria

World Bank lists Nigerian govt among poor finance managers - The Guardian Nigeria | World Bank | Scoop.it
World Bank lists Nigerian govt among poor finance managersThe Guardian NigeriaThis charge by the World Bank is coming on the heels of a claim by a Nigerian Civil Society Organization- Centre for Social Justice (CENSOJ), that the 2013 Federal...
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