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History Of The World Bank
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The WB was created by the Bretton Woods Conference and evolved by adding
additional institutions as additional tasks were identified. The initial
objective of the WB was to provide loans for the rebuilding of Europe after
WWII, later lending is provided to developing countries to foster
development. Membership in the IMF is a prerequisite to be me ....
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....gn lender and operates as a bank, not an
aid-giving agency, It is very conservatively managed and it has a very
profitable operation. Before extending a loan, a very rigorous economic and
financial analysis of the proposed project is done so that a targeted ROI
of 10% is met. The actual average ROI of the IBRD is about 20% although
nearly 2 out of.... |
| Word count: 1190 |
Page count: 5 |
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