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The World Bank Group Building in Washington, D.C. The World Bank Sign on the building. Together with four affiliated agencies created between 1957 and 1988, the IBRD is part of the World Bank Group. The group's headquarters are in Washington, D.C.
The World Bank Group building (Washington, DC) The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [50]
During the 1950s, the World Bank considered building its international headquarters here and on the adjacent site (which now houses the Kennedy Center), but rejected the site for unspecified reasons. It constructed its headquarters at its current location at 1818 H Street NW in Washington, D.C. [ 21 ]
Due to the fact that Brutalism's height in popularity intersected with a major construction boom as Washington was becoming one of the world's most important cities during the third quarter of the 1900s, many of the city's prominent museums, government buildings, and office buildings built between the 1950s and 1980s were built in the Brutalist ...
The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development.
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.
Foggy Bottom is a neighborhood of Washington, D.C., United States, located in the city's northwest quadrant. It stretches west of the White House towards the Potomac River, north of the National Mall, east of Georgetown, south of the West End neighborhood and west of Downtown D.C.
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.