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The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
In 1959, the World Bank's Board of Governors approved a U.S.-born resolution calling for the drafting of the articles of agreement. [10] SUNFED later became the Special Fund and merged with the Expanded Programme of Technical Assistance to form the United Nations Development Programme. [citation needed]
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A continent is a large geographical region defined by the continental shelves and the cultures on the continent. [1] In the modern day, there are seven continents. However, there have been more continents throughout history. Vaalbara was the first supercontinent. [2] Europe is the newest continent. [3]
According to one reconstruction, [29] when Rodinia broke up, it split into three pieces: proto-Laurasia, proto-Gondwana, and the smaller Congo Craton. Proto-Laurasia and proto-Gondwana were separated by the Proto-Tethys Ocean. Proto-Laurasia split apart to form the continents of Laurentia, Siberia, and Baltica. Baltica moved to the east of ...
The partnership between China and the World Bank began on December 27, 1945, when it joined the organization. After the Communist victory in 1949 in the Chinese Civil War, the Chinese Communist Party proclaimed the People's Republic of China (PRC) on the mainland while the Republic of China (ROC) government retreated to the island of Taiwan, formerly a Japanese colony it acquired in 1945 after ...
The two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank. Kosovo is not a member of the UN, but is a member of the International Monetary Fund [1] and the World Bank Group, [2] both specialized agencies in the United Nations System.