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The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [ 5 ] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association ...
Website. worldbank.org. The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [ 7 ] The bank is headquartered in Washington, D.C., in the United States.
Lebanon and the World Bank. Lebanon 's involvement with the World Bank Group began in August 1955 with the funding of the Litani Power and Irrigation project. [1] As of 2017, 62 years after its entrance into the organization, Lebanon has 21 World Bank projects active throughout the nation, [2] and as of May 2017 has received about $1 billion in ...
The chief economist of the World Bank (full title: Senior Vice President for Development Economics and Chief Economist of the World Bank Group) is the senior economist at the World Bank Group, tasked with providing intellectual leadership and direction to the bank's overall international development strategy and economic research agenda, at global, regional and country levels.
US unemployment rate. The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [9] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [10]
The five United Nations member states that are not members of the World Bank are. Andorra. Cuba. Liechtenstein. Monaco. North Korea. Taiwan is the largest economy outside the World Bank, followed by Hong Kong and Macau. The two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank.
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