THE WORLD BANK

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Title: THE WORLD BANK

Essay Details:

Subject: Miscellaneous

Author: Vivian M

Date: November 7, 2014

Level: University

Grade:

Length: 3 / 746

Essay text:

The Bank was initially founded to help rebuild Europe after the war. The first loan of $250 million was granted to France in 1947 for post-war reconstruction. The Bank was mainly designed by the U.S. government officials and is physically based in Washington. The Bank's President has always been an American. From the beginning the Bank was intended to counter protectionism and economic depression. Today, the World Bank itself is bigger and broader and far more complex. Some 6800 staff are currently based in Washington. It has become a Group, encompassing five closely associated development institutions...

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