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Singapore officially joined the International Bank for Reconstruction and Development (IBRD) on August 3, 1966 [1] after Singapore's independence from Malaysia. By 1975, Singapore received 14 total loans from the World Bank, 10 of these loans were used exclusively for infrastructure projects.
The Global Partnership for Education (GPE) is a multi-stakeholder partnership that aims to strengthen global education. [1] Hosted by the World Bank , [ 2 ] GPE is the world's only partnership dedicated solely to funding education in developing countries .
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 World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other. The Gold Room at the Mount Washington Hotel where the International ...
Suntec Singapore International Convention and Exhibition Centre is the main venue of the 2006 IMF/World Bank annual meetings. Singapore 2006 was a group of several concurrent events that were held in Singapore in support of the 61st Annual Meetings of the Boards of Governors of the International Monetary Fund and the World Bank Group.
In the 1970s, Singapore started to exchange its experiences with friends around the world through various programmes. These programmes were brought under a single framework when the Singapore Cooperation Programme (SCP) was established in 1992 under the Technical Cooperation Directorate (TCD) of the Ministry of Foreign Affairs.
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.
International Finance Corporation IFC logo IFC headquarters building, designed by architect Michael Graves Formation July 20, 1956 ; 68 years ago (1956-07-20) Type Development finance institution Legal status Treaty Purpose Private sector development, Poverty reduction Headquarters Washington, D.C., United States Membership 186 countries Managing Director Makhtar Diop Parent organization World ...