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The World Bank [http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html  ] was set up in 1944 as the International Bank for Reconstruction and Development (IBRD) at the [[Bretton Woods Conference]]. It now also includes the
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International Development Association (IDA). Their purpose is to reduce global poverty and improve living standards by providing provide low-interest loans, interest-free credit and grants to developing countries. They raise most of their funds by issuing bonds  on the world's financial markets.
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'''The World Bank'''  [http://web.worldbank.org/WBSITE/EXTERNAL/EXTABOUTUS/0,,pagePK:50004410~piPK:36602~theSitePK:29708,00.html  ] was set up in 1944  at the ''Bretton Woods Conference''. Its purpose is to reduce global poverty and improve living standards by providing low-interest loans, interest-free credit and grants to developing countries. It raises most of its funds by issuing [[bond]]s on the world's financial markets - and the remainder from members' contributions. Its current President is [[Robert Zoellick]].


The Bank’s five branches are:
The Bank’s five branches are:


*The International Bank for Reconstruction and Development
==International Bank for Reconstruction and Development==
:(provides loans to middle-income countries);
The IBRD publishes the ''World Development Report for Reconstruction and Development'', ranking countries by income and other economic factors. It also provides loans to middle-income countries.


*The International Development Association
==International Development Association==
:(gives interest-free loans to the poorest countries)
The IDA gives interest-free loans to the poorest countries.
 
[[Uganda]] has been considered one of its success stories. Starting in 1963, International Development Association (IDA) for electric power development. Since then, the Bank has made available more than US$ 4.8 billion in loans and credits and about US$600 million in grants. Currently (December 2008), the portfolio comprises 21 active projects with commitments of US$1,212 million in all major sectors. Uganda's inflation rate has dropped dramatically and its economy is growing, even in spite of droughts. <ref>{{citation
| url = http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/AFRICAEXT/UGANDAEXTN/0,,menuPK:374947~pagePK:141132~piPK:141107~theSitePK:374864,00.html
| title = Country Brief: Uganda
| publisher = World Bank}}</ref>
    
    
*The  International Finance Corporation
==International Finance Corporation==
:(finances private-sector projects and provides technical support);
IFC finances private-sector projects and provides technical support.
 
==Multilateral  Investment Guarantee Agency==
The MIGA guarantees foreign investors against non-commercial risks.
 
==International Center for the Settlement of Investment Disputes==
This branch seeks to settle disputes between foreign investors and host countries.


*The Multilateral  Investment Guarantee Agency
World Bank representatives serve on the international [[Financial Stability Forum]]
:(guarantees foreign investors against non-commercial risks); and
==References==
{{reflist}}


*The International Center for the Settlement of Investment Disputes
[[Category:Suggestion Bot Tag]]
:(seeks to settle disputes between foreign investors and host countries).

Latest revision as of 07:01, 9 November 2024

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The World Bank [1] was set up in 1944 at the Bretton Woods Conference. Its purpose is to reduce global poverty and improve living standards by providing low-interest loans, interest-free credit and grants to developing countries. It raises most of its funds by issuing bonds on the world's financial markets - and the remainder from members' contributions. Its current President is Robert Zoellick.

The Bank’s five branches are:

International Bank for Reconstruction and Development

The IBRD publishes the World Development Report for Reconstruction and Development, ranking countries by income and other economic factors. It also provides loans to middle-income countries.

International Development Association

The IDA gives interest-free loans to the poorest countries.

Uganda has been considered one of its success stories. Starting in 1963, International Development Association (IDA) for electric power development. Since then, the Bank has made available more than US$ 4.8 billion in loans and credits and about US$600 million in grants. Currently (December 2008), the portfolio comprises 21 active projects with commitments of US$1,212 million in all major sectors. Uganda's inflation rate has dropped dramatically and its economy is growing, even in spite of droughts. [1]

International Finance Corporation

IFC finances private-sector projects and provides technical support.

Multilateral Investment Guarantee Agency

The MIGA guarantees foreign investors against non-commercial risks.

International Center for the Settlement of Investment Disputes

This branch seeks to settle disputes between foreign investors and host countries.

World Bank representatives serve on the international Financial Stability Forum

References

  1. ↑ Country Brief: Uganda, World Bank
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