| Title |
WORLD BANK |
|
Date-wise Events |
July 22, 1944 -
It was created on this day with the
signing of an agreement by 28 nations. |
|
Description |
- The World Bank is a United Nations international
financial institution that provides loans to
developing countries for capital programs.
- It is a component of the World Bank Group, and a member
of the United Nations Development Group.
- It's official goal is the reduction of poverty.
- According to its Articles of Agreement, all its
decisions must be guided by a commitment to the promotion of
foreign investment and
international trade and to the facilitation of
capital investment.
|
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