Search results
Results from the WOW.Com Content Network
The relationship between Ethiopia and the World Bank was formalized on December 27, 1945. [1] Ethiopia's first projects approved by the World Bank supported the building of infrastructure such as roads and highways during the 1950s. Ethiopia first sought a loan for "Highway Project (01)", which was approved on September 13, 1950.
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. [7] The bank is headquartered in Washington, D.C., in the United States.
The United Nations Office at Geneva in Switzerland is the second biggest U.N. centre after the United Nations Headquarters in New York City.. United Nations Specialized Agencies are autonomous organizations working with the United Nations and each other through the co-ordinating machinery of the United Nations Economic and Social Council at the intergovernmental level, and through the Chief ...
The World Bank says Ethiopian authorities didn’t consult the bank when they developed the resettlement program, and it didn’t learn of the plan until October 2010. In January 2011, the World Bank and other foreign donors wrote the Ethiopian government warning that forced relocation “can impact negatively on the wellbeing and livelihoods ...
In both Ethiopia and India, the World Bank Group declined to direct its clients to fully compensate the affected communities. In response to complaints about the Badia East evictions in Nigeria, the World Bank embraced a shortcut that fell short of its promise that people affected by projects will be fully compensated for their losses.
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 Institute is the capacity building branch of the World Bank. It provides learning programs, policy advice and technical assistance to policy makers, government and non-government agencies, and development practitioners of developing countries .
The largest African Development Bank shareholder is Nigeria with nearly 9% of the vote. All member countries of the AfDB are represented on the AfDB Board of Executive Directors. Dr. Akinwumi Ayodeji Adesina is the 8th elected President of the African Development Bank Group, having taken the oath of office on September 1, 2015. He chairs the ...