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The World Bank works to bridge this divide and turn rich country resources into poor country growth. One of the world’s largest sources of development assistance, the World Bank?supports the efforts of developing country governments to?build schools and health centers, provide water and electricity, fight disease, and protect the environment. 第一百九十页,共二百九十页。 The World Bank is the name that has come to be used for the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). Together these organizations provide low-interest loans, interest-free credit, and grants to developing countries. 第一百九十一页,共二百九十页。 James D. Wolfensohn became the ninth president of the World Bank Group on June 1, 1995. He has traveled to more than 100 countries to gain first hand knowledge of the challenges facing the World Banks member countries. Who leads then world bank 第一百九十二页,共二百九十页。 1944 - Founding1947 - Incorporation into the UN System1979 - Lending for the fiscal year crosses the $10 billion mark for the first time1997 - Completion of Main Complex 第一百九十三页,共二百九十页。 Five Agencies, One Group The World Bank Group consists of five closely associated institutions, all owned by member countries that carry ultimate decision-making power. As explained below, each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. The term World Bank Group encompasses all five institutions. The term World Bank refers specifically to two of the five, IBRD and IDA. 第一百九十四页,共二百九十页。 The International Bank for Reconstruction and DevelopmentEstablished 1944 184 MembersCumulative lending: $383 billionFiscal 2003 lending: $11.2 billion for 99 new operations in?37 countries 第一百九十五页,共二百九十页。 IBRD aims to reduce poverty in middle-income and creditworthy poorer countries by promoting sustainable development, through loans, guarantees, and nonlending—including analytical and advis
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