World Bank

World Bank

The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank's official goal is the reduction of poverty. According to the World Bank's Articles of Agreement all of its decisions must be guided by a commitment to promote foreign investment, international trade and facilitate capital investment. The World Bank differs from the World Bank Group, in that the World Bank comprises only two institutions: the International Bank for Reconstruction and Development and the International Development Association , whereas the...
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quick facts
Founded:December 27, 1945
Headquarters:Washington, D.C., United States of America

Headquarters of World Bank

Washington, D.C.
Washington, D.C.
Founded:July 16, 1790
Population:617,996

Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a federal district to become the national capital as permitted by...
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Current World Bank board members

Boris Grigoryevich Fyodorov
Boris Grigoryevich Fyodorov
Board member since:1992

Boris Grigoryevich Fyodorov was a Russian economist, politician, and reformer. He was awarded a doctor of economics degree and authored over 200...
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Divisions of World Bank

Division Name
International Bank for Reconstruction and Development
International Development Association
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World Bank
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