The world bank Исполнитель

The world bank

World Bank Headquarters, Washington, D.C.

The World Bank, also known as the International Bank for Reconstruction and Development, maintains central headquarters in Washington

International Bank for Reconstruction and Development or World Bank, specialized United Nations agency established at the Bretton Woods Conference in 1944. A related institution, the International Monetary Fund (IMF), was created at the same time. The chief objectives of the bank, as stated in the articles of agreement, are “to assist in the reconstruction and development of territories of members by facilitating the investment of capital for productive purposes [and] to promote private foreign investment by means of guarantees or participation in loans [and] to supplement private investment by providing, on suitable conditions, finance for productive purposes out of its own capital…”

Members of the World Bank must buy shares of the capital stock of the bank. The minimum number of shares that a member nation must purchase varies according to the relative strength of its national economy. Currently, the United States is the largest shareholder.

The World Bank is part of the World Bank Group, which includes four other financial institutions. The International Finance Corporation (IFC), established in 1956, invests in private enterprises in developing countries to promote economic development. The International Development Association (IDA), established in 1960, provides long-term, interest-free loans to poor countries that cannot qualify for loans at market-based interest rates. The International Center for Settlement of Investment Disputes (ICSID), established in 1966, helps to settle disputes between foreign investors and national governments. The Multilateral Investment Guarantee Agency (MIGA), established in 1988, is designed to encourage foreign investment by insuring investors against loss from noncommercial risks, such as war and civil disturbances