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The World Bank - Online Term Paper

The World Bank

is unlike any other bank in the world. There is no depositing or withdrawing of money from any type of checking/savings account. This is because is actually an international development organization owned by its more than one hundred and eighty member countries. was developed to lend money to the governments of its poorer members, commonly known as “ developing ” countries, and also to governments whose economies are in transition. The loans the bank makes helps increase economic productivity and to improve the standard of living of people in these countries.
was established in 1944 with it’s official name being the International Bank for Reconstruction and Development. When its ...

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the other six industrial large nations ( together they form the G-7 ) amass a little less than fifty percent of the holdings. The bank’s headquarters are located in Washington D.C.. It is often here that its Board of Executive Directors, representing all member countries, debate and decide upon new policies and practices.
is very set in their lending ways. The Bank in no way donates or grants any money, all loaned funds must be paid back accordingly. The loans the bank gives generally falls into one of two categories. The first is to developing countries that are able to pay near-market interest rates. The money to subsidize these loans comes from investors around the world. These investors give money by purchasing bonds issued by . The second type of loan is to the poorest countries, those who do not hold credit on the international market or cannot pay near-market interest rates. These types of loans are actually handled by a World Bank affiliate the International Development ...

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The World Bank. (2007, May 28). Retrieved April 25, 2024, from http://www.essayworld.com/essays/The-World-Bank/65577

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PAPER DETAILS

Added: 5/28/2007 10:55:26 PM
Category: Economics
Type: Free Paper
Words: 685
Pages: 3

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