Course Name : INB372

Members Name

ID

Table of Contents
Introduction......................................................................................................................................2
History of World Bank.....................................................................................................................2

Origin Of World Bank.....................................................................................................................3

Members Of World Bank.................................................................................................................4
Policies Of World Bank...................................................................................................................4
References........................................................................................................................................5

World Bank
Introduction
The world Bank is a global institution that gives loans to developing countries for capital
programs. It includes 2 institutions: the International Bank for Reconstruction and Development
(IBRD), and therefore the International Development Association (IDA). The World Bank may
be

a part of the

World

Bank cluster, that is

an

element of

the international

organization system. The World Bank's official goal is that the reduction of financial condition.
Anyway, in line with its Articles of Agreement, all its selections should be target-hunting by a
commitment to the promotion of foreign investment and international trade and to the facilitation
of Capital investment. (World bank, 2016)

History of World Bank

The World Bank group has been a leader in international development and poverty reduction. It
has also worked for governments , institutions , organizations. The history of the world bank
group is renewal and changeable. World banks first loan was to France in 1947 for post-war
reconstruction.

Origin Of World Bank

1. World Bank, in full World Bank Group, is an international organization affiliated with the
United Nations (UN) and designed to finance projects that enhance the economic
development of member states. It played a major role in financing investments in infrastructural
projects in developing countries, including roads, hydroelectric dams, water and sewage
facilities, maritime ports, and airports. The World Bank is a component of the World Bank
Group, which is part of the United Nations system.
2. The World Bank(WB)

was

originally

created

as

International

Bank

for

Reconstruction and Development (IBRD) in 1944 along with his twin IMF(International
Monitory Fund). It was founded in said period at the UN Monetary and Financial Conference
which was commonly known as the Bretton Woods Conference. It was convened to establish
a new, post-World War II international economic system. The World Bank officially began
operations in June 1946.
(Why is World Bank was established?)
3. The World Bank was created at the end of World War II by the U.S. and British governments.
During the war the business classes of Europe were either supporting the Nazis, or they fled
Europe with all the money they could carry. On the other hand, socialists, communists and
anarchists had high credibility because they were the leaders of the Resistance to Nazi
occupation. In order to prevent leftists from coming to power in western Europe, it was crucial to
U.S. and British elites to get the business classes back into power.

Members Of World Bank

World Bank are owned by the governments of member nations. They have the ultimate decision
making power within the Organizations. They also implement their matters, policy, financial
or membership issues. Member countries govern the World Bank Group through the boards of
governors and the Boards of executive directors . These bodies make all major decisions for the
organizations. World bank have 188 members among them top 20 member countries of the
World Bank have voting power. They are United states, Japan, China, Germany, France, United
kingdom , India, Saudi Arabia, Canada, Italy, Russia , Spain, Brazil, Netherland, south Korea,
Belgium, Iran, Switzerland, Australia, Turkey.

Policies Of World Bank

The World Bank allows over $30 billion to developing and productive countries every year. The
Banks projects and policies affect the lives and livelihoods of billions of people worldwide
sometimes for the better, but often in controversial and problematic ways. Policies are:

Operational Policies

Environmental and Social Policies

Information Disclosure Policies

Accountability

References
World Bank (2016) in Wikipedia. Available at: https://en.wikipedia.org/wiki/World_Bank
http://www.worldbank.org/en/about/leadership/members