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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 ...
In Western culture, the name "Milky Way" is derived from its appearance as a dim un-resolved "milky" glowing band arching across the night sky. The term is a translation of the Classical Latin via lactea, in turn derived from the Hellenistic Greek γαλαξίας, short for γαλαξίας κύκλος (galaxías kýklos), meaning "milky circle".
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.
Jacopo Tintoretto's The Origin of the Milky Way (c. 1575-1580) The Greek name for the Milky Way (Γαλαξίας Galaxias) is derived from the Greek word for milk (γάλα, gala). One legend explains how the Milky Way was created by Heracles (Roman Hercules) when he was a baby. [16]
Astronomers using the Gaia space telescope have located two ancient streams of stars that helped the Milky Way galaxy grow and evolve more than 12 billion years ago.
The bank says it strives to make sure its borrowers provide real help to people pushed aside by big projects. In Laos, the bank says, authorities built more than 1,300 new homes with electricity and toilets, 32 schools and two health centers for thousands of people forced to move to make way for a World Bank-financed dam.
Managing Director of the World Bank; Assistant Administrator of the U.S. Agency for International Development (USAID) First interim World Bank Group president born outside United States First World Bank Group president born in Europe First World Bank Group president from Germany: 9 James Wolfensohn: June 1, 1995 – May 31, 2005 United States [a]