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International financial institution

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World Bank: International financial institution
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the United Nations' Sustainable Development Goals, as well as environmental and social safeguards.

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Now, Manipur diaspora groups fight over World Bank project


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World Bank President Ajay Banga to travel to India next week to attend G20 meeting


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London to host Ukraine recovery conference, with Zelenskyy expected to address delegates

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World Bank President Malpass praises India for empowering women


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$108 million World Bank loan for Assam


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IMF sees India as 'bright spot' in global economy, says PM Modi; lauds country's strong macroeconomic fundamentals

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Energy efficient cooling pathway in India can open an investment opportunity of $1.6 trillion by 2040, says World Bank


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World Bank warns of global recession due to war in Ukraine

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