African History 192
November 1, 2016
The World Bank
When the World Bank was conceived during World War Two at the Mount Washington Hotel in Bretton Woods, New Hampshire it was the first start up of its kind. The original focus of the group was post war reconstruction in Europe, with its first loan of $250 million going to France in 1947. The head quarters of the World Bank was established in Washington D.C and Eugene Meyer was named first president of the bank on June 18, 1946.
Since then the group has expanded and expanded into 5 divisions, those being- the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
Today the leader of the bank is Dr. Jim Yong Kim. Dr. Jim Yong Kim was names president of the bank on March 23, 2012 and is still serving at his position. The projects of the World Bank today consist mainly of eliminating poverty in Nations and giving them the necessary resources like education, and infrastructure that will help them succeed as Nation. They have involved themselves in African Nations like Sudan, and Egypt. Also across China the middle east, and areas of South America that have been stricken by poverty due to Natural Disasters. The World Bank continues to redefine its mission to improve struggling nations.
The International Monetary Fund
The International Monetary Fund was another organization set up during the Bretton Woods Conference of 1944. In 1945 the organization finally went to action and involved 29 countries from around the world. The IMF’s origina...
... middle of paper ...
...The United States Agency for International Development they will try to eliminate extreme poverty around the world.
Current projects being run by The United States Agency for International Development are happening across the world in many countries that need help. Some specific projects would be the Basic Education Project in Senegal, where they are working to teach the youth the skills needed to hold a job. This may consist of working a computer, teaching them the English language, and other basic skills that will be needed in the work force. Another one would be the Senegal Health System Strengthening Component. The main goal of the Senegal Health System Strengthening Component is to work on the public health system, by educating both doctors and people on proper sanitation procedures, simple medical procedures, and other important areas of health concerns.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- A Brief History of South Africa’s Exchange Regimes After Bretton Woods The Bretton Woods (BW) system was one of the most notorious political outcomes following the two World Wars. The BW agreements were a response to the fear of future conflicts created by broad perception that the Second World War was a consequence of the failure to deal with economic problems after the first one. The agreements resulted in the creation of a new negotiated monetary order that would rule the monetary interactions across independent States in order to promote the stability of exchange rates and financial flows.... [tags: Monetary policy, Bretton Woods system, Inflation]
1818 words (5.2 pages)
- Success is imperatively a relative term, the performance of the Bretton Woods System here is evaluated according to its ‘Role in the transition of economies post World War II’, and its contribution to the ‘Growth of Trade’ in that period. Role in the transition of economies post World War II Bretton Woods is an exemplary example of the fundamental role of power in outlining the design and evolution of international regimes. A leading architect nation of the Bretton Woods was the U.S. Its dominance at the wartime conference negotiations showcased the importance of hegemonic leadership during the preliminary stage for any new international regime.... [tags: post world war II, international regimes]
1254 words (3.6 pages)
- What was the Bretton Woods System. The end of the World War II marked the beginning of a new era for the world economy. The Bretton Woods System refers to an agreement made at an international conference between 44 nations in 1944 at Bretton Woods, New Hampshire, United States of America (hereby U.S.) on the 22nd of July 1944. It was aimed at maintaining stability in the monetary system in the post World War II period. “In an effort to free international trade and fund postwar reconstruction the member states agreed to fix their exchange rates by tying their currencies to the U.S.... [tags: world economy, international agreement]
2031 words (5.8 pages)
- The theme of this essay outlines two things. One, the key elements of Bretton woods system and second, the characterisation of Bretton woods system by Ruggie as ‘embedded liberalism’, and how far he succeeds in it. The Bretton woods system is widely referred to the international monetary regime, which prevailed from the end of the World War 2 until the early 1970s. After the end of the World War 2, the need of international monetary framework to boost trade and economic; growth and stability, was important.... [tags: Economics]
1773 words (5.1 pages)
- The period referred to as the 'Golden Age' was between 1950 and 1973. There was rapid growth in the US economy during this time, the economies of Europe and Japan also had very high rates of growth. The world’s advanced countries spurred a commodities boom which benefited natural resource-rich countries such as the oil rich ones in the Middle East, as well as the industrial nations of East Asia i.e. Singapore, Thailand, China etc. The Bretton Woods Conference, which is officially known as the United Nations Monetary and Financial Conference took place from July 1 to July 22 in 1944, in Bretton Woods, New Hampshire in the United States.... [tags: Economics]
2074 words (5.9 pages)
- You can infer that the speaker is talking about the meeting at Bretton Woods, and the series of events and organizations that are connected to it. By Bretton Woods, the speaker means the International Monetary Fund, the General Agreement on Tariffs and Trade, and the World Bank. The speaker, explains how the allies tried to prevent any economic collapse that would lead to a war, which he clearly agrees upon. Milton Friedman would agree with this quote, as this quote is clearly supportive of trade liberalization, the removal of tariffs and trade barriers, which also means the weakening of government control over trade, allowing for a free market, which also means that the speaker could possib... [tags: International trade, World Trade Organization]
1285 words (3.7 pages)
- International Trade and policies Different countries have diverse governments, policies, currencies, monetary systems and many diverse products. This is certainly one motive why international trade is extremely complex. In today’s fast growing market and the development of international trade amongst nations has initiated many policies to be enacted and a need for international organizations. International trade policies entails the joint arrangements between nations (“International trade policy”, 2008).... [tags: bretton woods agreement, policies]
1628 words (4.7 pages)
- In 1939, the atomic bomb became a pivotal innovation conceived by Albert Einstein, which completely changed the art of war forever. However, when it was first introduced in America during the 20th century, few of the most influential people were not completely aware of the everlasting impact the nuclear warfare would create. I believe that the bomb was a show of force in retaliation towards an aggressor in attempts to diffuse a long-term campaign. The German’s had been invading Poland while America remained isolated from the war until Pearl Harbor, which was the catalyst of the war for the Nation.... [tags: World War II]
1074 words (3.1 pages)
- Tiger Woods, formally known as Eldrick Tont Woods, is a professional golfer. He was born with a golf club in his hand. He did not realize that in twenty years, his life would ultimately change for the better. He would become one of the most famous professional golfers throughout the world. This was unusual for a Buddhist middle class family to have a son like Woods become such an icon in golf in the United States. He and his family were often shunned just because of their religious views (Bauder).... [tags: Tiger Woods, Golf, PGA Tour, Professional golfer]
1427 words (4.1 pages)
- Analysis of In the Lake of the Woods by Tim O'Brien In the Lake of the Woods is a fictional mystery written by Tim O'Brien. Through the book we learn that our lovers, husbands, and wives have qualities beyond what our eyes can see. John Wade and Kathy are in a marriage so obscure that their secrets lead to an emotional downfall. After John Wade loss in his Senatorial Campaign, his feeling towards Kathy take on a whole different outlook. His compulsive and obsessive behavior causes Kathy to distance herself from him.... [tags: In the Lake of the Woods Tim O'Brien Essays]
1065 words (3 pages)
- The Poem ' Let America Be America Again ' By Langston Hughes
- Dissociative Identity Disorder, By Quiet Storm
- Effectiveness Of The Counterterrorism Model
- Psychodynamic Theories Think Is The Basis For Personality?
- President Abraham Lincoln : A Political Leader And Thinker
- A Research Study On Gerontology