World Bank

Question 1

When was World Bank set up?

Answer 1

1944 along with international monetary fund as outcome of Britain, woods agreement to provide concessional loans to Europe in countries for reconstruction, post World War II

Question 2

How did its role change after 1960s

Answer 2

Now it provides loans and grants to the governments of poorer countries aim to reduce poverty, hunger, cleaner environment, population, control, education and sustainable development

Question 3

What is the World Bank?

Answer 3

Partner organisation to IMF . A global financial institution giving long-term low interest loans, and providing technical assistance to government sponsored guaranteed projects in middle income or credit worthy poorer nations..

Question 4

How many members are currently there?

Answer 4

189

Question 5

Highest decision making body

Answer 5

Board of governors

Question 6

Sources of funds

Answer 6

By selling World Bank, bonds to investors and contributions from members

Question 7

Each member is represented by whom

Answer 7

Governor

Question 8

Chief executive of the Bank

Answer 8

President who has boards of directors.

Question 9

How many executive director and the day today operations of the bank on behalf of board of governors

Answer 9

25