World Bank

he World Bank is an international financial institution that provides loans to developing countries for capital programs.

The World Bank is an international institution that assists countries with financing and financial advice. Its goal is to help developing countries devise economic development plans to build their infrastructure and economy in order to reduce poverty and improve living conditions for their citizens. It also helps facilitate international investment.

This organization was established on 1 July 1944 during the United Nations Monetary and Financial Conference, which took place in Bretton Woods, New Hampshire. Its first loan was made to post-war France for reconstruction in the amount of 250 million US dollars (USD). It is currently headquartered in Washington, D.C. and has offices in over 100 countries. It currently has 184 member countries, which make up its ownership.

The World Bank is made up of two main development institutions: 

World Bank is made up of five organizations:

Arm of world bank	Role
International Bank for Reconstruction and Development (IBRD)	Give loans @market rates to middle class and poor countries.
International Development Association (IDA)	Give loans @ZERO interest rate to poor countries. +knowledge sharing, health education etc.
Multilateral Investment Guarantee Agency (MIGA)	Loans and insurance to private companies, when they invest in Developing countries.
International Centre for Settlement of Investment Disputes (ICSID)	To settle investment disputes between foreign investors and their host developing countries.
International Finance Corporation (IFC)	When foreign investor, wants to start business in developing country, IFC provides financing and technical advice and assistance, works as a catalyst. So, Aim of IFC= boost private investment in developing countries.

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What Is the Connection between the International Monetary Fund and the World Bank?

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