World Bank

A specialized agency of the United Nations. Headquartered in Washington, DC, the World Bank Group consists of five divisions: the International Bank for Reconstruction and Development (established in 1945, a year after the Bretton Woods conference), the International Finance Corporation (1956), the International Development Association (1960), the International Center for the Settlement of Investment Disputes (1966), and the Multilateral Investment Guarantee Agency (1988). The World Bank operates under the coordinating machinery of the United Nation’s Economic and Social Council. At its Web site, the World Bank states that its "primary focus is on helping the poorest people and the poorest countries," and that it aims to "help developing countries onto paths of stable, *sustainable, and equitable growth." In addition to its economic and development activities, the World Bank also takes an interest in the theory and practice of global *corporate governance. It assists individual countries by assessing their corporate governance institutional frameworks, using the Principles of Corporate Governance of the *Organization for Economic Co-operation and Development as a benchmark. The World Bank also publishes a wide range of guidance, statistics, and research on international corporate governance and financial accountability, an inventory of which is available from the organization’s Web site. It also participates in the *International Forum on Accountancy Development. Web site: www.worldbank.org

Auditor's dictionary. 2014.

Look at other dictionaries:

  • World Bank — n. an agency of the United Nations, established in 1945 to make loans to member nations: official name International Bank for Reconstruction and Development …   English World dictionary

  • World Bank — logo Type International organization Legal status Treaty Purpose/focus Crediting …   Wikipedia

  • World Bank — n. A financial institution that exists to reduce global poverty by providing loans to help poor nations develop. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. World Bank …   Law dictionary

  • world bank — 1930, originally of the Bank for International Settlements, set up in Basle by the League of Nations. The modern World Bank was created in 1944 …   Etymology dictionary

  • World Bank — World Bank, the an organization that is part of the ↑UN (United Nations), which lends money to poorer countries so that they can develop their farming, industry, and health and education systems. Its official name is the International Bank for… …   Dictionary of contemporary English

  • World Bank — World′ Bank′ n. gov a specialized agency of the United Nations that furthers the economic development of member nations, chiefly through guaranteed loans Official name, International Bank for Reconstruction and Development …   From formal English to slang

  • World Bank — an international bank established in 1944 to help member nations reconstruct and develop, esp. by guaranteeing loans: a specialized agency of the United Nations. Official name, International Bank for Reconstruction and Development. * * *… …   Universalium

  • World Bank — Всемирный банк World Bank Banque mondiale Banco Mundial Weltbank логотип Всемирного банка Членство …   Википедия

  • World Bank — A multilateral development finance agency created by the 1944 Bretton Woods, New Hampshire negotiations. It makes loans to developing countries for social overhead capital projects, which are guaranteed by the recipient country. See:… …   Financial and business terms

  • World Bank — noun a United Nations agency created to assist developing nations by loans guaranteed by member governments • Syn: ↑International Bank for Reconstruction and Development, ↑IBRD • Hypernyms: ↑United Nations agency, ↑UN agency * * * an… …   Useful english dictionary

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