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The World Bank is an institution that was established in 1944 and since 1958 has provided Nigeria with low interest rate loans and grants through the International Development Association(IDA) and International Bank for Reconstruction and Development (IBRD). [1] As of 2018, it consists of 189 member countries.
On 13 June 2017, online enrolment for N-Power Batch B beneficiaries commenced and within 5 days, more than 750,000 applications were received on the online registration portal. [ 14 ] [ 15 ] The application portal closed on 27 July 2017 and received a total of 2,543,079 applications, 2,258,266 persons scaled through the BVN validation stage and ...
The World Bank Scholarship programme began in 1982. Students are able to undertake graduate studies in subjects related to economic development. There are two kinds of scholarship currently available on a very competitive basis: 1.
[5] [6] In some instances, an application is effectively used to dissuade "walk-in" applicants, serving as a barrier between the applicant and a job interview with the person who has the authority to hire. [7] For many businesses, applications for employment can be filled out online, rather than submitted in person.
The IDA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1960 to complement the existing International Bank for Reconstruction and Development by lending to developing countries which suffer from the lowest gross national income , from troubled creditworthiness , or from ...
Fiscal conservatism ruled, and loan applications had to meet strict criteria. [13]: 56–60 The first country to receive a World Bank loan was France in 1947. The bank's president at the time, John McCloy, chose France over two other applicants, Poland and Chile. The loan was for US$250 million, half the amount requested, and came with strict ...
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Twice a year, the United Nations Committee on Non-Governmental Organizations reviews new applications for consultative status and makes recommendations to the ECOSOC, which reviews and decides to approve or deny the recommendations. Consultative status, depending on level, gives the organizations a number of rights to participate in the work of ...