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The World Bank is an international financial institution established in 1944 at the Bretton Woods Conference to provide loans and technical assistance to developing countries for programs aimed at reducing poverty. It has two main lending arms, the International Bank for Reconstruction and Development (IBRD) which lends to middle-income countries, and the International Development Association (IDA) which focuses on the world's poorest countries. The World Bank supports projects in areas like agriculture, infrastructure, skills development, and aims to promote economic growth and reduce poverty.
The World Bank is an international financial institution established in 1944 at the Bretton Woods Conference to provide loans and technical assistance to developing countries for programs aimed at reducing poverty. It has two main lending arms, the International Bank for Reconstruction and Development (IBRD) which lends to middle-income countries, and the International Development Association (IDA) which focuses on the world's poorest countries. The World Bank supports projects in areas like agriculture, infrastructure, skills development, and aims to promote economic growth and reduce poverty.
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The World Bank is an international financial institution established in 1944 at the Bretton Woods Conference to provide loans and technical assistance to developing countries for programs aimed at reducing poverty. It has two main lending arms, the International Bank for Reconstruction and Development (IBRD) which lends to middle-income countries, and the International Development Association (IDA) which focuses on the world's poorest countries. The World Bank supports projects in areas like agriculture, infrastructure, skills development, and aims to promote economic growth and reduce poverty.
Droits d'auteur :
Attribution Non-Commercial (BY-NC)
Formats disponibles
Téléchargez comme PPT, PDF, TXT ou lisez en ligne sur Scribd
technical assistance to developing countries for development programs (e.g. bridges, roads, schools, etc.) with the stated goal of reducing poverty. V áajor institutions created as a result of the Bretton Woods Conference in 27th December, 1944
V Two main countries which shaped the
negotiations were United States and Britain V rrovide assistance to developing and transition countries V rromote the economic development of the world's poorer countries V Finance the poorest developing countries whose per capita GNr is less than $865 a year special financial assistance through the International Development Association (IDA) V Build capacity V Infrastructure creation V Development of Financial Systems V Combating corruption V Research, Consultancy and Training V Investment loans: Support of economic and social development projects
V Development policy loans: Quick disbursing
finance to support countries v International Bank for Reconstruction and Development (IBRD) :186 member countries
v International Development Association (IDA):
168 members countries V V
V eep infrastructure projects on track V Shift advisory support services V Support microfinance institutions v Focuses on: £ Fast-track the development £ Support seven poorest states v Total proposed lending program of US$14 billion, for the next three years v Strategy is aligned with Government of Indiaǯs own development priorities v Agriculture v Infrastructure: £ rower £ Transport £ Water £ Urban development v Skills i
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v The low cost and stable financing it provides with longer maturity periods V Financing through the International Development Association (IDA) v Interest rate: 0.75% p.a. v Repayable over a period of 35 years v Inclusive of a 10 year grace period