The International Bank for Reconstruction and Development, commonly called the World Bank, was established along with the IMF at Bretton Woods in 1944.\u00a0 It has two subsidiaries: The International Development Agency and the International Finance Corporation.<\/p>\n
The World Bank provides finance for development to government and sub-federal divisions.\u00a0 The International Development Agency provides financing terms for less developed countries. \u00a0The International Finance Corporation provides loans to enterprises. Together, these agencies provide substantial assistance to developing countries.<\/p>\n
The global environmental facility is managed by the World Bank. \u00a0It provides grants and development funds to developing countries for projects dealing with major global environmental concerns, including climate change, biological diversity, water protection and the protection of the ozone layer.\u00a0 Countries that are a party to the Climate Change Convention or the Convention on Biological Diversity are eligible to receive funds.<\/p>\n
The International Fund for Agricultural Development was formed by a special U.S. conference and provides finance for projects that improve food production systems in developing nations.<\/p>\n\n
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Money Money is anything which is customarily used as a medium of exchange and measure of value.\u00a0 Classically, money has the characteristics of being a medium for storing value over time, a unit or measure of value and a means of exchange.\u00a0 Money can be any stock or valuable commodity which is transferable and capable […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[144],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10424"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=10424"}],"version-history":[{"count":3,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10424\/revisions"}],"predecessor-version":[{"id":21047,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/10424\/revisions\/21047"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=10424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=10424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=10424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}