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The World Bank is an international financial institution that provides loans and grants to low- and middle-income countries. It consists of two organizations: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which have different memberships and mandates.
South Africa first formed a formal relationship with the World Bank on Dec 27, 1945 when it joined the International Bank for Reconstruction and Development, the first of the five financial pillars that compose the World Bank. Although South Africa was a founding member of the World Bank, its first loan agreement wasn’t signed until 1951, in ...
The World Bank Group is a family of five international organizations that make loans and grants to developing countries for economic development and poverty reduction. It was founded in 1944 and has 189 member states, except for Andorra, Cuba, Liechtenstein, Monaco, Palestine, Taiwan, and North Korea.
Botswana is located in the center of Southern Africa, between Zambia, Namibia and Zimbabwe.The Kalahari desert covers approximately 70% of the country. [1]Botswana was a part of the British empire, and was known as the British Protectorate of Bechuanaland before it gained independence within the Commonwealth in 1966. [2]
This web page provides a table of unemployment rates for various countries and territories, based on different sources and dates. The highest unemployment rate in the table is 33.10% for Yemen in Q1 2022, followed by 32.50% for Lebanon in Q4 2021.
An international financial institution (IFI) is a financial institution established by more than one country and subject to international law. Learn about the types, functions, and examples of IFIs, such as the World Bank, the IMF, and the regional development banks.
Learn about the role, history and current chief economist of the World Bank Group, the senior economist who provides intellectual leadership and direction to the bank's development strategy and research agenda. See the list of chief economists from 1972 to present, with their countries and terms of office.
Cover of Accelerated Development in Sub-Saharan Africa, World Bank report published in 1981. The Berg report is the name most commonly used for the World Bank-published report "Accelerated Development in Sub-Saharan Africa: A Plan for Action," written by Elliot Berg in 1981. The report was written in response to a 1979 request from the African ...
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