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The World Bank
Beginning of essay
is unlike any other bank in the world. There is no depositing or withdrawing of money from any type of checking/savings account. This is because is actually an international development organization owned by its more than one hundred and eighty member countries. was developed to lend money to th ....
Middle of essay ....nto one of two categories. The first is to developing countries that are able to pay near-market interest rates. The money to subsidize these loans comes from investors around the world. These investors give money by purchasing bonds issued by . The second type of loan is to the poorest countries, those who do not hold credit on the international market or cannot pay near-market interest rates. These types of loans are actually handled by a World Bank affiliate the International Development Asso.... |
Number of words: 685 |
Approximate pages: 3 |
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