Unit 4 - World Bank - Global Organisations Flashcards
1
Q
How many member countries are there of the World Bank?
A
- 189 member countries
2
Q
Where is the World Bank based?
A
- Washington D.C.
3
Q
What is the World Bank?
A
- international financial institution that provides loans to countries
4
Q
What is the most recent stated goal of the World Bank?
A
- most recent stated goal is the reduction of poverty
5
Q
What is an example of loans given from the World Bank?
A
- $859 million to India
- $370 million to China
6
Q
What was the initial intention of forming the World Bank?
A
- intention behind the founding was to provide temporary loans to low-income countries which were unable to obtain loans commercially
