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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. [5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA ...
Website. worldbank.org/ibrd. The International Bank for Reconstruction and Development ( IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States; it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries.
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job due to health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when ...
World Bank Group. The World Bank Group ( WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. [7] The bank is headquartered in Washington, D.C., in the United States.
UN pension is a retirement benefit provided to people who have worked directly for the United Nations organization. It is provided through the United Nations Joint Staff Pension Fund (UNJSPF) under Article 28 [1] of the Regulations, Rules and Pension Adjustment System of the United Nations Joint Staff Pension Fund (UNJSPF Rules).
James Wolfensohn. Sir James David Wolfensohn KBE, AO (1 December 1933 – 25 November 2020) was an Australian-American lawyer, investment banker, and economist who served as the ninth president of the World Bank Group (1995–2005). During his tenure at the World Bank, he is credited with the focus on poverty alleviation and a rethink on ...
As more people retire and fewer people enter the labor market, the gap between income and expenditure will continue to widen. China's Working Committee on Ageing suggested that the inclusion of improved care services for the elderly in the national development road-map would be a key measure for the top leadership to cope with population aging ...
Incumbent. Ajay Banga. since June 2, 2023. Term length. Five years, renewable. Website. president .worldbankgroup .org. The president of the World Bank Group is the head of World Bank Group. The president is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group.
Malpass was elected President of the World Bank on April 4, 2019, having been nominated to the position in February 2019 by the Trump administration. He formally took office on April 9, 2019, and announced in February 2023 that he was leaving the position in June of that year.
Justin Yifu Lin ( Chinese: 林毅夫; pinyin: Lín Yìfū; born on October 15, 1952) is a Chinese economist and professor of economics at Peking University. [1] He served as the Chief Economist and Senior Vice President of the World Bank from 2008 to 2012. [2] He has been appointed as China's State Council Counsellor since September 2013.