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Transport Geography Glossary Definition (English)
World Bank Defined
The following is in context to Transport Geography, because it's common for a single word to have multiple meanings you will find additional research links near the bottom of the page.
"A financial body part of the United Nations system. The World Bank was created in 1944 at the outlet of the Bretton Woods financial and monetary conference. First loans helped finance reconstruction of Western Europe and Japan following World War II, but today the World Bank has considerably broadened its presence throughout the globe, lending to countries of Africa, Asia, Central Europe, Latin America, the Middle East, and the former Soviet Union. Its priority is to lend capital to governments of developing countries to promote economic growth through financing of large infrastructure projects, economic reform packages, and technical assistance. It thus has vested interests in a number of developing countries worldwide. Loans are also aimed at encouraging private sector development. Presently, the World Bank is composed of four main branches: the International Bank for Reconstruction and Development (IBRD), the Multilateral Investment Guarantee Agency (MIGA), the International Development Agency (IDA), and the International Financial Society (IFS). Its headquarters are in Washington, D.C."
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