World Bank (The
WORLD BANK) is the abbreviation of the World Bank Group, the general name of the International Revitalization Development Bank, and a special agency of the United Nations.Below by LTG
Goldrock to introduce the World Bank for you in detail ~
The World Bank was founded in 1945 and started in June 1946. It consists of five member institutions of the International Revival Development Bank, the International Development Association, the international financial company, the multilateral investment guarantee institution, and the international investment dispute resolution center.
In accordance with the provisions of the International Revitalization Development Bank Agreement, the purpose of the World Bank is:
(1) Through investment in production, assist the economic rejuvenation and construction of member states, encourage the development of resources for unusable countries;
(2) Promote private foreign investment by guaranteeing or participating in private loans and other private investment.When a member country cannot obtain private capital under reasonable conditions, the bank can use the bank's own capital or raised funds to supplement the lack of private investment;
(3) Encourage international investment, assist member states to improve production capacity, promote the balanced development of international trade in member states and improve the status of international revenue and expenditure;
(4) When providing loan guarantees, it should be cooperated with other aspects of international loans.
At the beginning of the establishment of the World Bank, the economy was mainly funded by the Western European countries to restore the economy that was destroyed by the war.Developed countries provide medium and long -term loans and investment to promote economic and social development of developing countries.
The World Bank is working hard to narrow this gap and transforms the resources of the rich in the poor into the economic growth of the poor country.As one of the institutions that provide the most development assistance in the world, the World Bank supports the various efforts of the development of schools and hospitals to build schools and hospitals, water supply, disease, disease, and protecting the environment.
The World Bank is established in accordance with the principles of joint -stock companies.
In the early days of its establishment, the World Bank's legal capital was 10 billion US dollars, all capitals were 100,000 shares, and $ 100,000 per share.All member states shall subscribe to the bank's shares.Generally speaking, the amount of subscribed shares in one country depends on the country's economic strength, and at the same time, it depends on the share of the country's shareholding in the International Monetary Fund.There are two ways to pay the shares of member countries:
(1) The shares subscribed by the member states should be paid by 20%first.Among them, 2%of them are paid with gold or US dollars, and 18%are paid with the currency of their national national country.
(2) The remaining 80%of the shares are paid with gold, US dollars or the world's banks when they are urged.
