The World Bank was established alongside the International Monetary Fund by the agreement reached at the 1944 Bretton Woods Conference, initially under the name the International Bank for Reconstruction and Development. It was created to provide long term financing for the reconstruction of countries devastated by the Second World War and, over time, expanded its mission to development financing for lower income countries around the world. The World Bank is headquartered in Washington, D.C. The term World Bank refers specifically to two affiliated institutions, the International Bank for Reconstruction and Development and the International Development Association, which jointly issue development loans and grants to national governments; the broader term World Bank Group covers all five affiliated institutions collectively, including the International Finance Corporation, the International Centre for Settlement of Investment Disputes and the Multilateral Investment Guarantee Agency, and is a distinct entity from the World Bank itself.
Facts
Founding Year Founding DateDated to the Bretton Woods Articles of Agreement signed at the conference's close, matching the entity's own founding-year of 1944; the World Bank Group formally came into existence after ratification on 27 December 1946. HeadquartersWashington, D.C., United States 3 Geography
Country or Jurisdiction ServedWikidata Q7164, property P17 (country). Classification
Institution SubtypeSourced to the subject's own accountInternational Financial Institution 1 World Bank
Filter Results2 entries
Connections
Associated With
Source Economic Development with Unlimited Supplies of LabourW. Arthur Lewis
The World Bank joined IMF-led restructuring and adjustment lending across the affected countries.
Source How Jacques de Larosiere and Paul Volcker Contained the 1982-89 Global Debt Crisis
Critiqued Here
Herman Daly, Economists Daly served as senior economist in the World Bank's Environment Department 1988-1994, using the position to press the institution's own project appraisals to account for natural-capital depletion, then continued to critique its growth-oriented lending after leaving.
Source Steady-State EconomicsHerman Daly
Founded
Has Member
Additional Source WikipediaJoseph Stiglitz, World Bank section
Lin served as the World Bank's chief economist and senior vice president from 2008 to 2012.
Source Wikipedia
Additional Source Wikipedia: Justin Yifu LinJustin Yifu Lin, Career section
Basu was appointed Chief Economist at the World Bank on 5 September 2012 and served in the role through October 2016.
Source Wikipedia
Additional Source Wikipedia: Kaushik BasuLead section
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Sources
1. World Bank Group (Wikipedia)
WikipediaIntroduction, institution-subtype-p2Quote, Introduction, institution-subtype-p2
The group is the largest development bank in the world.
2. Wikidata
Wikimedia Foundation
3. Encyclopaedia Britannica
4. Wikipedia
Wikimedia FoundationBretton Woods Conference
The conference was held from July 1 to 22, 1944
World Bank
the International Bank for Reconstruction and Development (IBRD), 1944
World Bank article, lead section (World Bank vs World Bank Group distinction)
The term 'World Bank' generally refers to just the IBRD and IDA, whereas the term 'World Bank Group' or 'WBG' is used to refer to all five institutions collectively.
Has Member: Joseph Stiglitz, Joseph Stiglitz, World Bank section
At the World Bank, he served as a senior vice-president and the chief economist from 1997 to 2000.
View the Source Wikidata: World Bank
How Jacques de Larosiere and Paul Volcker Contained the 1982-89 Global Debt Crisis
Peterson Institute for International EconomicsAssociated With: Latin American Debt CrisisView the Source Economic Development with Unlimited Supplies of Labour
W. Arthur Lewis, The Manchester School, 1954Associated With: Development Economics
Steady-State Economics
Herman Daly, W. H. Freeman, 1977Associated With: Herman Daly
World Bank: About the World Bank
World BankIn Group: World Bank Group Institutions, Who we areQuote, In Group: World Bank Group Institutions, Who we are
we will work with all clients as one World Bank Group, in close partnership with other multilateral institutions, the private sector, and civil society.
Wikipedia: Justin Yifu Lin
Wikimedia FoundationHas Member: Justin Yifu Lin, Justin Yifu Lin, Career sectionQuote, Has Member: Justin Yifu Lin, Justin Yifu Lin, Career section
He served as the chief economist of the World Bank from 2008 to 2012, and was also the World Bank's senior vice president during that time.
Wikipedia: Kaushik Basu
Wikimedia FoundationHas Member: Kaushik Basu, Lead sectionQuote, Has Member: Kaushik Basu, Lead section
Kaushik Basu (born 9 January 1952) is an Indian economist who was Chief Economist of the World Bank from 2012 to 2016 and Chief Economic Adviser to the Government of India from 2009 to 2012.
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