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The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start ...
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 ...
Four historical events are commemorated by the four red stars on Chicago's flag: The United States' Fort Dearborn, established at the mouth of the Chicago River in 1803; the Great Chicago Fire of 1871, which destroyed much of the city; the World Columbian Exposition of 1893, by which Chicago celebrated its recovery from the fire; and the ...
He devoted his life to the establishment of a black economy in Chicago, Illinois and in Columbus, Ohio. He started the first National Bank in Chicago for African Americans called the Douglass Bank was the author of a Congressional Bill introduced in 1924 to provide Federal guarantee of bank deposits, known today as the Federal Deposit Insurance ...
1st President of the World Bank Group; In office June 18, 1946 – December 18, 1946: Preceded by: Position established: Succeeded by: John J. McCloy: 5th Chairman of the Federal Reserve; In office September 16, 1930 – May 10, 1933: President: Herbert Hoover Franklin D. Roosevelt: Preceded by: Roy A. Young: Succeeded by: Eugene Robert Black
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.
Woods was first called to the World Bank by Eugene Black, the World Bank's president from 1949 to 1962, who was an old associate and friend from Harris, Forbes. [1] While at the World Bank, Black had asked him to help out on special assignments for the bank. [1] [3] [4] Woods had thereby become familiar with the workings of the World Bank. [1]
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