Conference and evolved by adding additional institutions as additional

tasks were identified. The initial objective of the WB was to provide

loans for the rebuilding of Europe after WWII, later lending is provided

to developing countries to foster development. Membership in the IMF is a

prerequisite to be member of the WB and the source of the funds it

provides are membership subscription quotas, international capital market

borrowing (bonds), repayment of loans and retained earnings. The

institutions that form the WB group today are: 1. IBRD (International Bank

for Reconstruction and Development), 2. EDI (Economic Development

Institute), 3. IFC (International Finance Corporation), 4. IDA

(International Development Association), 5. MIGA (Multilateral Investment

Guarantee Agency) and 6. ICSID (International Center for Settlement of

Investment Disputes). The IBRD was created in 1946 for two purposes:

the reconstruction of Europe after WWII and for investment in the

developing world. The initial priority (reconstruction of Europe), ends in

1955 and all lending to Europe ends in 1967 and doesn't resume until 1989

with assistance to Central and eastern Europe. Investment in

Rostow's Five Stages View. In general, this philosophy had only partial

Countries Initiative" (HIPC). This new policy was announced by the WB

the funds are provided by wealthy members subscriptions, no money is

to better control projects. He also will try to increase private

will start with him. Under Wolfensohn, the WB is still commuted to big

Some topics in this essay:
Europe Investment, Development Association, Finance Corporation, World Bank, Wolfensohn WB, Europe WWII, WB President, Investment Disputes, HIPC Initiative, Project Lending, developing world, sustainable development, poor countries, developing countries, investment disputes, economic development, james wolfensohn, international finance corporation, ibrd institution, foreign investors, investment guarantee, multilateral investment guarantee, investment guarantee agency, international development association, international center settlement,