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The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [ 5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association ...
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [ 7] The bank is headquartered in Washington, D.C., in the United States.
Jim Yong Kim김용. Jim Yong Kim ( Korean : 김용; born December 8, 1959), also known as Kim Yong ( 김용 /金墉), is an American physician and anthropologist who served as the 12th president of the World Bank from 2012 to 2019. A global health leader, Kim was formerly the chair of the Department of Global Health and Social Medicine at ...
Over the past decade, the bank has regularly failed to enforce its rules, with devastating consequences for some of the poorest and most vulnerable people on the planet, an investigation by the International Consortium of Investigative Journalists, The Huffington Post and other media partners has found. The World Bank often neglects to properly ...
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is privately held and has offices around the globe in the Americas, Asia, Australia and Europe .
James Wolfensohn. Sir James David Wolfensohn KBE, AO (1 December 1933 – 25 November 2020) was an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005). During his tenure at the World Bank, he is credited with the focus on poverty alleviation and a rethink on ...
Telegram announced on Wednesday that it’s adding new ways for creators to make money on its platform. Most notably, the platform is launching monthly paid subscriptions that users can purchase ...