Apr 20, 2017 · The World Bank logo is a registered trademark of the International Bank for Reconstruction and Development / The World Bank. Use of the World Bank logo requires the express written permission of the World Bank. For permission to use the World Bank logo please send a request explaining the proposed use to the firstname.lastname@example.org. Last Updated: Apr 20, 2017.
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The logo of the International Monetary Fund is seen on a wall of its headquarters in Washington, DC, on April 14, 2020. In this photo illustration, the World Bank logo seen displayed on a smartphone. This 02 August, 2004 photo shows the logo on the World Bank Building in Washington, DC. New York and Washington police are conducting extra ...
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. The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
Mar 01, 2018 · World Bank Group Logo Vector (.SVG + .PNG) Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership ...
The World Bank logo vector. Download free The World Bank vector logo and icons in AI, EPS, CDR, SVG, PNG formats.
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
World Bank, international organization affiliated with the United Nations and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.
Feb 01, 2021 · The World Bank is an international organization that helps emerging market countries to reduce poverty. Its first goal is to end extreme poverty. It wants no more than 3% of people to live on $1.90 a day or less by 2030. Its second goal is to promote shared prosperity.
- What Is The World Bank Group?
- Membership in The World Bank
- The Parts That Make Up The Whole
- Adapting to The Times
- Opposition to The Bank
- The Bottom Line
The World Bank Group (WBG) was established in 1944 to rebuild post-World War II Europe under the International Bank for Reconstruction and Development (IBRD).1 It is one of a variety of organizationsseeking to shape the world economy. Today, the World Bank functions as an international organization that fights poverty by offering developmental assistance to middle-income and low-income countries. By giving loans and offering advice and training in both the private and public sectors, the World Bank aims to eliminate poverty by helping people help themselves. Under the World Bank Group (WBG), there are complementary institutions that aid in its goals to provide assistance.2
There are 189 member countries that are shareholders in the IBRD, the primary arm of the WBG. To become a member, however, a country must first join the International Monetary Fund (IMF).3 The size of the World Bank's shareholders, like that of the IMF's shareholders, depends on the size of a country's economy. Thus, the cost of a subscription to the World Bank is a factor of the quota paid to the IMF. Joining the IMF comes with a variety of responsibilities that help it carry out its functions. There is an obligatory subscription fee, which is equivalent to 88.29% of the quota that a country has to pay to the IMF. In addition, a country is obligated to buy 195 World Bank shares (US$120,635 per share, reflecting a capital increase made in 1988). Of these 195 shares, 0.60% must be paid in cash in U.S. dollars, while 5.40% can be paid in a country's local currency, in U.S. dollars, or in non-negotiable non-interest bearing notes. The balance of the 195 shares is left as "callable cap...
The IBRD offers assistance to middle-income and poor, but creditworthy, countries. It also works as an umbrella for more specialized bodies under the World Bank. The IBRD was the original arm of the World Bank that was responsible for the reconstruction of post-war Europe.8 Before gaining membership in the WBG's affiliates (the International Development Association, the International Finance Corporation, the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes), a country must be a member of the IBRD.3 The International Development Associationoffers loans to the world's poorest countries. These loans come in the form of "credits" and are essentially interest-free. They offer a 10-year grace period and hold a maturity of 35 years to 40 years. The International Finance Corporation (IFC) works to promote private sector investments by both foreign and local investors. It provides advice to investors and businesses, and it offers...
As mentioned earlier, the main function of the WBG is to eliminate poverty and to provide assistance to the poor by offering loans, policy advice, and technical assistance. As such, the countries receiving aid are learning new ways to function. Over time, however, it has been realized that sometimes as a nation develops, it requires more aid to work its way through the development process. This has resulted in some countries accumulating so much debt and debt service that payments become impossible to meet. Many of the poorest countries can receive accelerated debt relief through the Heavily Indebted Poor Countries scheme, which reduces debt and debt-service payments while encouraging social expenditure.12 Another issue on which the Bank has recently been focusing has presented itself as an endangerment to a country's livelihood: support programs for HIV/AIDS.13 The WBG has also been focusing on reducing the risk of projects by means of better appraisal and supervision mechanisms,...
While WBG strives to create a poverty-free world, there are groups that are passionately opposed to the international patron. These opponents believe that the fundamental structure of the Bank only exacerbates the already existing imbalance between the world's rich and poor. The system allows the largest shareholders to dominate the vote, resulting in WBG policies being decided by the rich, but implemented by the poor.15 This can result in policies that are not in the best interests of the developing country receiving assistance, whose political, social, and economic policies will often have to be molded around WBG resolutions. Moreover, even though the Bank provides training, assistance, information, and other means that may lead to sustainable development, opponents have observed that developing countries often have to put health, education, and other social programs on hold in order to pay back their loans.16 Opposition groups have protested by boycotting World Bank bonds. Thes...
It is not surprising that there is a clash of opinion over how aid is given. Indeed, those that offer assistance are going to want to have a say in how the loans are used and what kind of economic policies are fostered in a country's developmental process. Many developing and poor nations, however, are stuck in a quagmire of debt and impoverishment, no matter how much assistance they receive. Given this, we may need to remember that the process of aid is also a developing state, in which both the giver and the receiver should be helping each other reach a poverty-free world.