Globalisation: World Bank Flashcards
1
Q
what is the world bank’s ‘motto’?
A
‘Working for a World Free of Poverty’
2
Q
when was the world bank formed?
A
1944
3
Q
what is the world bank?
A
an international financial institution that provides loans and grants poorer countries
4
Q
what are the two institutions of the world bank?
A
- the International Bank for Reconstruction and Development (IBRD)
- the International Development Association (IDA)
5
Q
how many countries are part of the world bank membership?
A
- 189 in the IBRD
2. 173 in the IDA
6
Q
who are the top 3 voting powers in the world bank?
A
- US
- Japan
- China
