World Bank for upsc

https://educationallyear.blogspot.com/2020/08/world-bank.html

introduction

what is the meaning of bretton woods ?

7 July 1944 Bretton woods united states was conceived at the UN conference of 44 national held .what is the meaning of bretton woods ?Bretton woods system of monetary management established the rules for commercial & financial relation among the USA , CANADA , AUSTRALIA, JAPAN after the 1944 bretton woods agreement .

Aim

what is the motto of world bank ?

world bank has a main motive is working for a world free of poverty .

who is the head of world bank ?

David R Malpass ( Washington) . the executive of drectors of the world bank today with one record selected David R Malpass as the preident of world bank group .

where is a head office of world bank ?

Washington DC in United states of America .

membership

189 countries in international bank of reconstruction & development .

173 countries in international development Association .

world bank group

it five institutions share a commitment to reduction poverty .

IFC , MIGA & ICSTD focus on strength the private sector in developing countries .

IBRD

formation on 1944

head office- Washington DC

international bank of reconstruction & development

it addition to contribution from its member nations the IBRD acquire most on its capital by borrowing on international capital markets through bond issue . it provides a loans for middle countries .