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From there on relations with the World Bank and Nigeria flourished. The World Bank has been working with Nigeria to reduce the high rate of poverty, create better human capital, diversify the country's revenue through non-oil sectors, and help with economic management. Up until 2004, the World Bank was slow to release funds and most projects ...
An essential part of the meeting was the discussion between the board and the World Bank on establishing the fund as a World Bank-hosted financial intermediary fund (FIF), specifically focusing on ensuring that the most vulnerable frontline communities can access the fund's resources directly.
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. It is an international organization owned by member governments; although it makes profits, they are used to support continued efforts in poverty ...
Country Regional organisations Afghanistan ACD, SAARC, ECO Albania OSCE, NATO, Council of Europe, BSEC, SEECP, CEFTA Algeria African Union, Arab League, OPEC Andorra ...
Map representing the numerous regions comprising Turkey in relation to their Sea borders on three sides. The World Bank Group (WBG) has been lending aid and providing means of promoting development to Turkey since July 1950, which began with the implementation of a series of port construction and development projects meant to ignite commercial economy and cultivate stability within the region.
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.
A 2003 World Bank study stated: "In World Bank geographic classification, the following 21 countries or territories constitute the Middle East and North Africa (MENA) region: six Gulf Cooperation Council (GCC) members (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates [UAE]), and 15 other countries or territories: Algeria ...