Ecb at 19:28, 17 June 2010

Ecb — Thu, 17 Jun 2010 19:28:37 GMT

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	The World Bank (officially the		The World Bank (officially the
	International Bank for Reconstruction		International Bank for Reconstruction

Ecb: Created page with 'The World Bank (officially the International Bank for Reconstruction and Development, or IBRD) is one of the most effective global financial organizations in existence. It is cur…'

Ecb — Mon, 14 Jun 2010 00:26:05 GMT

Created page with 'The World Bank (officially the International Bank for Reconstruction and Development, or IBRD) is one of the most effective global financial organizations in existence. It is cur…'

New page

The World Bank (officially the
International Bank for Reconstruction
and Development, or IBRD) is one of the
most effective global financial organizations
in existence. It is currently based in London, having
moved there from Washington, D.C., in 2034.

The World Bank’s function is make large loans to national
governments, or to private corporations on the condition that a
national government guarantee repayment. The loans support
long-term projects to improve local infrastructure and standards
of living. The Bank usually arranges for technical assistance to
accompany loaned funds, helping the recipient country to use
the money effectively. Loans are often made conditional on economic
reforms within the target country. Most loans are made to
developing countries.

Over 170 nations are “members” of the World Bank. Decisions
on loans and other policies are made by a vote of the board
of governors, but a member nation’s influence is weighted
according to its contributions to the Bank’s capital fund. As a
result, the Bank is effectively controlled by the world’s wealthiest
nations. In 2100 A.D., the [[:Category:European Union|European Union]] dominates
World Bank policy, although [[Brazil]], [[China]], [[Japan]], [[Korea]], and
[[Mexico]] are also influential.

Controversy has surrounded the World Bank for most of
the past century. Some claim that its loans go to support corrupt
local regimes or multinational corporations, doing little to
improve the lives of ordinary people. Others point out that the
Bank usually requires economic or social reforms before offering
loans – thus making the Bank a tool for violating the sovereign
independence of minor nations.

World Bank - Revision history

Ecb at 19:28, 17 June 2010

Ecb: Created page with 'The World Bank (officially the International Bank for Reconstruction and Development, or IBRD) is one of the most effective global financial organizations in existence. It is cur…'