Its name was the International Bank for Reconstruction and Development. The World Bank Group originated at Bretton Woods, New Hampshire. From Simple English Wikipedia, the free encyclopedia, International Bank for Reconstruction and Development, International Centre for Settlement of Investment Disputes, https://simple.wikipedia.org/w/index.php?title=World_Bank_Group&oldid=6524590, Creative Commons Attribution/Share-Alike License, Development of agriculture and rural development, Development of infrastructure, for example, development of facilities likes roads and electricity, Development of system for good government. One of them is that two or three countries have more power to decide matters. Some of these activities are as follows: The World Bank Group gives loans at low rate of interest to member countries. While there are many existing impact evaluation resources, none meet the specific gap the DIME Wiki aims to fulfill: a resource focused on practical implementation guidelines rather than theory, open to the public, easily searchable, suitable for users of varying levels of expertise, up-to-date with the latest technological advances in electronic data collection, with a vibrant network of editors who are experts in this field. It is a non-profit-making international organization owned by member governments. The World Bank and International Monetary Fund were designed by delegates at the Bretton Woods conference in 1944. It also has offices in 124 other member countries. Many countries met and decided to start a Bretton Woods system including an international organization to provide finance to member countries. The activities of the World Bank Group cover many activities. The World Bank, then consisting of only the International Bank for Reconstruction and Development, became operational in 1946. As major decisions require an 85% super-majority, the US can block any change. But, member countries govern it through a board. The World Bank Group is made of the following five organizations: The World Bank Group originated at Bretton Woods, New Hampshire. Many economists and people have criticized the World Bank Group for its style of functioning. Many countries met and decided to start a Bretton Woods system including an international organization to provide finance to member countries. A Board of 24 Executive Directors controls the activities of the World Bank Group. Its name was the International Bank for Reconstruction and Development. The World Bank Group gives advice and finance to member countries for economic development and reducing poverty. In spite of several criticisms, the World Bank Group’s role in economic development and reduction of poverty has continued in many countries. The World Bank is an international bank that lends money and other help to developing nations for infrastructure. DIME is the impact evaluation unit of the World Bank's Development Research Group. A President heads the Board. In short, the World Bank Group’s main mission is 1) to fight poverty and 2) to improve the living standards of people in the developing world. The DIME Wiki is a public good developed and maintained by DIME Analytics, a team which creates tools that improve the quality of impact evaluation research at DIME. The Bank’s first loan was to France. Part of DIME’s mission is to intensify the production of, and access to, public goods that improve the quantity and quality of global development research, while lowering the costs of performing impact evaluations for the entire research community. Robert L. Garner joined the World Bank in 1947 as a senior executive and expressed his view that private business could play an important role in … The Bank came into existence on 27th December 1945. The member countries use the money received for any one of above or some other similar activity. As of November 1, 2004 the United States held 16.4% of total votes, Japan 7.9%, Germany 4.5%, and the United Kingdom and France each held 4.3%. The World Bank has the goal of reducing poverty . The criticism is also on account of other factors. The purpose was to help France to again build industry and other important things like roads destroyed during the Second World War. This has attracted criticism as it reduces the country’s independence to run its economy in its own way. Beside giving direct money and finance, the World Bank Group provides advice and assistance to developing countries on almost every aspect of economic development. The DIME Wiki is targeted to all researchers and M&E specialists at the World Bank, clients who are managing data collection efforts in the field, donor institutions, universities, NGOs, and governments. The World Bank is different from the World Bank Group , because the World Bank is made up of only two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The World Bank Group is a group of five international organizations. Other four organizations of the Group have between 140 and 176 member countries. In general, the World Bank Group is part of the United Nations system. This page was last changed on 3 May 2019, at 18:43. The Bank came into existence on 27th December 1945. The DIME Wiki is targeted to all researchers and M&E specialists at the World Bank, clients who are managing data collection efforts in the field, donor institutions, universities, NGOs, and governments. Before giving loans, the Bank sometimes requires many changes in the policies of a country. The IBRD has 184 countries as its members. https://dimewiki.worldbank.org/index.php?title=Main_Page&oldid=7544. The DIME Wiki aims to further this initiative, and is funded by the United Kingdom’s Foreign, Commonwealth & Development Office through the i2i Trust Fund. The President of the World Bank Group is the head of World Bank Group.The president is … The Group has its headquarters in Washington, D.C.. The loan was of 250 million US Dollars.