World Bank Job Circular 2022. In July 1944, the United Nations Conference on Monetary and Monetary Affairs held in Bretton Woods, New Hampshire, USA. At that conference, it decided to create two institutions: the IMF and the International Bank for Reconstruction and Development. Although many more countries represented at the conference, the United Kingdom and the United States clearly dominated the negotiations. Traditionally, the head of the IMF was elected from European countries and the head of the World Bank elected from the United States. Prior to 1986, the restructuring and development loans provided by the World Bank were relatively low. At this time the policy of financial conservatism adopted and the countries had to meet all the difficult conditions to get the loan. More visit here in chakrirkbr.com.
However, the need to lend at a higher rate was soon felt. France was the first country to receive a loan from the World Bank. John McClure, then president of the bank, said France was more capable than Poland and Chile, the other two creditors. Half of the amount France applied for (US 250 million) was paid; Even under difficult conditions. The condition was that when repaying the loan, the country would give priority to repaying the loan of the World Bank more than any other lender. In addition, the country’s then budget had to be cut drastically. The World Bank delegation was closely monitoring the economic activities of France. Their main goal was to see if the country was complying with World Bank requirements. Prior to the approval of the loan, the US Department of the Interior ordered the French government to expel all Communist members in the government.
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- Deadline: 02 December 2022
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The French government forced to expel all members of their coalition partner, the Communist Party of France. Within an hour of the move, the French loan approved. With the adoption of the Marshall Plan by the United States in 1948, European countries found a new source of financial assistance. Faced with this competition, the World Bank looks to non-European countries. Until 1986, the World Bank’s lending activities used only to build income-generating infrastructure. Among such infrastructures, seaports, roads and communication, power generation centers are some of them. The purpose of providing such loans was to enable the countries to spend the money earned from this infrastructure to repay the loans. The advice and activities of the World Bank cause considerable damage to the environment.
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These actions widely criticized. In response to these criticisms, the World Bank began to include various environmental organizations and NGOs in its activities in early 1989. In conjunction with the Montreal Protocol, the agency created an implementation agency aimed at reducing ozone depletion in the environment. The goal is to reduce ozone depletion by 95% by 2015. Since then, the World Bank has pursued a variety of development programs, including environmental protection, in the so-called “Six Strategic Backgrounds”. For example, in 1991, the World Bank announced that it would not provide any funding for commercial logging or environmental damage. To combat malaria and other epidemics, the World Bank has launched a worldwide vaccination and delivery program.
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The organization declared a “war on AIDS” in 2000 and joined the Stop Tuberculosis Partnership in 2011. Traditionally, according to an unwritten agreement between the United States and Europe, the nominees for the presidency of the World Bank elected from the United States. US President Barack Obama announced the name of Jim Aung Kim On March 23, 2012, a South Korean citizen, as the next president of the World Bank. On April 18, 2012, Kim officially elected the next president. The 25-member Executive Board of the World Bank approved David Malpas as the 13th President of the World Bank On April 5, 2019, . Malpas has been officially in charge of the World Bank since April 9, 2019. Stay with us here in job paper bd.
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