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The World Bank is an international financial institution that provides loans and grants to the governments of low-and middle-income countries for the purposes of ...
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.
The World Bank Chennai office building is located in Taramani on a 3.5-acre campus off the IT corridor and has 120,000 sq feet built-up area with a capacity to house about 450 staff members. [3] The building is certified as a LEED Silver building. [ 10 ]
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
The World Bank Treasury is the division of the IBRD that manages the Bank's debt portfolio of over $100 billion and financial derivatives transactions of $20 billion. [21] The Bank offers flexible loans with maturities as long as 30 years and custom-tailored repayment scheduling. The IBRD also offers loans in local currencies.
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
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.