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World Bank

A Dictionary of World History | 2000 | © A Dictionary of World History 2000, originally published by Oxford University Press 2000. (Hide copyright information) Copyright

World Bank The popular name of the International Bank for Reconstruction and Development. It was set up by the United Nations in 1945 to promote the economic development of member-nations by facilitating the investment of capital for productive purposes, encouraging private foreign investment, and if necessary lending money from its own funds. Its headquarters are in Washington, DC.

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