= World Bank = The '''World Bank''' is an international finance and development agency. <> ---- == Composition == The World Bank is actually five institutions: * International Bank for Reconstruction and Development (IBRD) * International Development Association (IDA) * International Finance Corporation (IFC) * Multilateral Investment Guarantee Agency (MIGA) * International Centre for Settlement of Investment Disputes (ICSID) 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 [[UnitedStates|United States]] holds a plurality of the voting share (about 16%) and an effective veto. As a result, the bank is headquartered in [[UnitedStates/WashingtonDC|D.C.]] and the '''president''' of the World Bank is always nominated by the [[UnitedStates/Presidents|U.S. president]]. The '''vice president''' is nominated by the board of governors. The '''managing director''' is the operational leader. ---- == History == ---- CategoryRicottone