World Bank/Definition

From Citizendium
Jump to navigation Jump to search
This article is a stub and thus not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
 
A definition or brief description of World Bank.

Collective name for the International Bank for Reconstruction and Development and its affiliates: the International Finance Corporation, organized in 1950 to provide long-term project financing to developing countries; and the International Development Association, formed in 1960 to make long-term loans at low interest rates.