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History Of The World Bank

Part one of term paper
The WB was created by the Bretton Woods Conference and evolved by adding additional institutions as additional tasks were identified. The initial objective of the WB was to provide loans for the rebuilding of Europe after WWII, later lending is provided to developing countries to foster development. Membership in the IMF is a prerequisite to ...

Part two of term paper
... 3. IFC (International Finance Corporation), 4. IDA (International Development Association), 5. MIGA (Multilateral Investment Guarantee Agency) and 6. ICSID (International Center for Settlement of Investment Disputes). The IBRD was created in 1946 for two purposes: the reconstruction of Europe after WWII and for investment in the developing world. The initial priority (reconstruction of Europe), ends in 1955 and all lending to Europe ends in 1967 and doesn't resume until 1989 with assis ...

Word count: 1190 | Approximate pages: 5

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