Economics finals

• GLOBAL ECONOMIC INSTITUTIONS

  World Bank

  International Monetary Fund

  International Monetary Fund

  Trade Organization
• When was the World Bank created?


  1944
• What was the primary purpose of the World Bank when it was created?


  To help rebuild economies after World War II
• What are the current purposes of the World Bank?


  • Fight poverty
  • Help developing countries pay for development projects
• How much does the World Bank provide annually for development projects?


  US$20 billion
• How many member countries are in the World Bank?


  185 member countries
• How are votes allocated among member countries in the World Bank?


  Each member has 250 votes plus additional votes based on the size of its economy
• What does receiving one extra vote for every share imply about larger economies in the World Bank?


  Larger economies have more influence over Bank decisions
• Who is the largest shareholder in the World Bank?


  The United States
• What happened to Burma's membership in the World Bank?


  Burma is a member, but all lending was suspended in 1987