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Max Planck Encyclopedia of Public International Law [MPEPIL]

World Bank Group

Maurizio Ragazzi

Subject(s):
International financial law — International monetary law — Universal international organizations

Published under the auspices of the Max Planck Foundation for International Peace and the Rule of Law under the direction of Rüdiger Wolfrum.

1 The expression ‘World Bank Group’ (‘WBG’) identifies a group of five legally separate but affiliated institutions: the International Bank for Reconstruction and Development (IBRD) , established at the Bretton Woods Conference (1944) to contribute to post-war reconstruction and development; the International Finance Corporation (IFC) , established in 1956 to provide loans and investments to the private sector; the International Development Association (IDA) , established in 1960 to provide interest-free credits and grants to its poorest members; the International...
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