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The World Bank wb THE WORLD BANK BRIEF INTRODUCTION VICE PRESIDENT WB VS IMF WB AND CHINA Brief Introduction WB’s Background and History WB’s Aims WB’s institutions Main Business WB’s Management Agreement of the IMF Articles of agreement of the IBRD First loan to France for post-war reconstruction → → → WB raise standards of living in developing countries by channeling financial resources to them from developed countries raises most of its funds on the worlds financial markets Membership : 187 countries Five institutions of WB International Development Association (IDB-国际开发署) the International Finance Corporation (IFC-国际金融公司) the Multilateral Investment Guarantee Agency (MIGA-多边投资担保机构). International Centre for Settlement of Investment Disputes (ICSID国际投资争端解决中心) the International Bank for Reconstruction and Development (IBRD-国际复兴与开发银行), IBRD = The International Bank for Reconstruction and Development Reconstruction :European construction, Development :loans and aids for its member countries aims :reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development through loans, guarantees, risk management products, and analytical and advisory services. raises: worlds financial markets Membership: 182 countries UP till now $523.6billion($37.8billion for China) Project loan Co-financing The third window facility Adjustment facility WB’S MAIN BUSINESS --LOANS Non-project loan Management Vice presidents Senior managements The USA The U.K. Japan France German China … Board of Governors President Boards of Directors (Executive Directors), We are the number one. Paul WolfowitzJune 2005 - June 2007 James D. WolfensohnJune 1995 - May 2005 Lewis PrestonSeptember 1991 - May 1995 Barber Conable? July?1986 - August 1991 Alden Winship ClausenJuly?1981 - June 1986 Robert Strange McNamaraApril 1968 - June 1981 George David WoodsJanuary 1963 - March 1968 Eugene R
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