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World Bank

By: Rebecca Robertson
In: The SAGE Encyclopedia of Higher Education
Edited by: Miriam E. David & Marilyn J. Amey
Subject:General Education, Higher Education (general)
Keywords:World Bank

The World Bank refers to a group of five financial institutions: (1) the International Bank for Reconstruction and Development (IBRD), (2) the International Development Association (IDA), (3) the International Finance Corporation, (4) the Multilateral Investment Guarantee Agency, and (5) the International Centre for Settlement of Investment Disputes. Together these institutions operate globally to end extreme poverty and promote shared prosperity by funding country-level development projects, providing technical assistance, and settling financial disputes. The World Bank was established in 1944 and was comprised of 189 member nations as of 2019.

History and Evolution

What is commonly called the World Bank was established as the IBRD at the Bretton Woods Conference in 1944. This conference was held in New Hampshire at the Mount Washington Hotel; it was led by ...

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  Robertson, R. (2020). World bank. In M. David, & M. Amey (Eds.), The SAGE encyclopedia of higher education (Vol. 1, pp. 1686-1687). SAGE Publications, Inc., https://dx.doi.org/10.4135/9781529714395.n635
  
  Robertson, Rebecca. "World Bank." In The SAGE Encyclopedia of Higher Education, edited by David, Miriam E., and Marilyn J. Amey, 1686-87. Thousand Oaks,, CA: SAGE Publications, Inc., 2020. https://dx.doi.org/10.4135/9781529714395.n635.
  
  Robertson, R. 2020. World Bank. In: Miriam E. David and Marilyn J. Amey Editors, 2020. The SAGE Encyclopedia of Higher Education, Thousand Oaks,, CA: SAGE Publications, Inc. pp. 1686-1687 Available at: <https://dx.doi.org/10.4135/9781529714395.n635> [Accessed 26 Jun 2022].
  
  Robertson, Rebecca. "World Bank." The SAGE Encyclopedia of Higher Education. Edited by Miriam E. David and Marilyn J. Amey. Vol. 1. Thousand Oaks,: SAGE Publications, Inc., 2020, pp. 1686-87. SAGE Knowledge. 26 Jun 2022, doi: https://dx.doi.org/10.4135/9781529714395.n635.
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