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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 ...
The Palace of Nations.The United Nations Office at Geneva (Switzerland) is the second most important UN centre, after the United Nations Headquarters.. While the Secretariat of the United Nations is headquartered in New York City, its many bodies, specialized agencies, and related organizations are headquartered in other parts of the world, particularly in Europe.
Alden Winship "Tom" Clausen [1] (February 17, 1923 – January 21, 2013) [2] was President of the World Bank from 1981 to 1986. He was also president and CEO of Bank of America in 1970 and again in 1986.
Between 2004 and 2013, the World Bank committed to lend or give at least $338 billion, according to bank data. Its private-lending affiliate, the International Finance Corporation, committed to invest at least $116 billion during the same period in corporations and other banks in pursuit of the overall goal of alleviating poverty.
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
In 1917 he moved his garment factory to Chicago, Illinois. In 1907 he organized the Lincoln Ohio Industrial Training School for Colored Youth. After the Red Summer of 1919 and growing bank movement within the African American community, [ 4 ] Chavers founded the first nationally chartered Black bank, the Douglass National Bank that received its ...
Chicago is a major world convention destination. The city's main convention center is McCormick Place. With its four interconnected buildings, it is the largest convention center in the nation and third-largest in the world. [218] Chicago also ranks third in the U.S. (behind Las Vegas and Orlando) in number of conventions hosted annually. [219]