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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.
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 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 ...
During World War II, many students in Singapore dropped out of school, causing a huge backlog of students after the war. [17] In 1947, the Ten Years Programme for Education Policy in the Colony of Singapore was formulated. [17] This called for a universal education system that would prepare for self-governance. [17]
The World Bank Scholarship programme began in 1982. Students are able to undertake graduate studies in subjects related to economic development. There are two kinds of scholarship currently available on a very competitive basis: 1.
The IDA lends to countries with the aim to finance projects that will develop infrastructure and improve education, healthcare, access to clean water and sanitation facilities, and environmental responsibility. [33] [42] It is considered to be the soft lending window of the World Bank, while the IBRD is considered to be the hard lending window.
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The Global Schools Foundation (GSF) is a Singapore headquartered chain of schools. [1] It is the administrative authority for all its institutions in Singapore and abroad. The schools are accredited by the Central Board of Secondary Education (CBSE), Indian Certificate of Secondary Education (ICSE), International General Certificate of ...