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In the global business media, they are described as being the world's most valuable companies as a reference to their market value. [1] Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of outstanding shares .
Also in 1958, the United States proposed doubling industrialized countries' contributions to the World Bank, raising the bank's capitalization from $10 billion to $21 billion in September 1959. While the U.S. supported expanded World Bank facilities, it did not support the proposal for a Special UN Fund for Economic Development (SUNFED).
McKinsey & Company. McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the "Big Three" management consultancies (MBB).
World Bank Group. 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.
David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official who served as President of the World Bank Group from 2019 to 2023. . Malpass previously served as Under Secretary of the Treasury for International Affairs under Donald Trump, Deputy Assistant Treasury Secretary under Ronald Reagan, and Deputy Assistant Secretary of State under George H. W. Bu
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 (IDA ...
The World Bank Economic Review is a quarterly, peer-reviewed, [1] development economics journal. It publishes a on a wide range of development related economics topics with an intended audience of both economists and other social scientists. The journal is supported by the World Bank but the journal's claims that consistency with the policy of ...
The Open Knowledge Repository is the official open-access repository of the World Bank and features research content about development. It was launched in 2012, alongside the World Bank's Open Access Policy and its adoption of the Creative Commons Attribution (CC BY) license for all research and knowledge products that it publishes, which collectively made the World Bank the first ...