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World Bank

The World Bank Group includes five administrative practices dedicated to promoting economic reconstruction and development across the globe, with a special focus on eliminating poverty. The group includes the International Bank for Reconstruction and Development, the International Development Association, the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency, and the International Centre for Settlement of Investment Disputes.

In 2013, the World Bank Group expended $45 billion to $50 billion on development projects, including substantial commitments to education, health care, water supply, and sanitation projects; the promotion of good governance; biodiversity projects; and the advocacy of debt relief for developing economies. Its widespread involvement has opened the door to a range of criticisms, including that the group’s projects are biased toward U.S. interests, aid authoritarian regimes, ...

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