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| Topic: |
Business
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| Number of pages / Number of words: |
13 / 3555 |
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It does not itself engage in conciliation and arbitration.
IBRD
The International Bank for Reconstruction and Development (IBRD) was established in July 1944 at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire, USA. The World Bank opened for business on June 25, 1946...
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The World Bank opened for business on June 25, 1946. In 1947 it gave its first loan to France for $250 million to finance post-war construction. Today, the World Bank has a lending portfolio of $144 billion.
It's main purpose is to provide loans and development assistance to middle-income countries and credit- worthy poorer countries...
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