World Bank

The World Bank is an international finance and development agency.


Composition

The World Bank is actually five institutions:

Each institution has its own governance structure, generally with member states having voting share equal to the funding they individually supply. Changes to the charters require 85% approval. The United States holds a plurality of the voting share (about 16%) and an effective veto. As a result, the bank is headquartered in D.C. and the president of the World Bank is always nominated by the U.S. president.

The vice president is nominated by the board of governors.

The managing director is the operational leader.


History


CategoryRicottone

WorldHistory/UnitedNations/WorldBank (last edited 2024-07-09 04:13:19 by DominicRicottone)