„World Bank“

What does World Bank stand for?

The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an intergovernmental financial institution located in Washington, DC. Its objectives are to help raise productivity and incomes and reduce poverty in developing countries through the granting of loans.

Source:

Bird, Graham. “The International Monetary Fund and Developing Countries: A Review of the Evidence and Policy Options.” International Organization, vol. 50, no. 3, 1996, pp. 477-511.

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