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World bank list of countries

Member Countries - World Bank

  1. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries
  2. Non-member states. The four United Nations member states that are not members of the World Bank are * Cuba, * Liechtenstein, * Monaco, and * North Korea. Taiwan is the largest economy outside the World Bank, followed by Hong Kong and Macau.The two observer states at the UN, the Vatican City and State of Palestine, are also not members of the World Bank
  3. The World Bank assigns the world's economies to four income groups—low, lower-middle, upper-middle, and high-income countries. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. 2019 in this case)
  4. World Bank country classifications by income level: The World Bank classifies the countries based on GNI every year on July 1. In this year's list, India continues to be classified as the lower.
  5. The country and lending groups page provides a complete list of economies classified by income, region, and lending status and links to previous years' classifications. The classification tables include all World Bank members, plus all other economies with populations of more than 30,000. The term country, used interchangeably with economy, does not imply political independence but refers to.
  6. The figures of GNI per capita of different countries used belong to the World Bank fiscal year ending on June 30 of the year. According to this World Bank classification: (i) low income countries are those with GNI per capita of $ 1035 or less in 2012 (the latest year which is presently available)

List of World Bank members - Wikipedi

  1. By clicking I agree, I acknowledge that I understand and agree that all data provided on this website is unaudited, provided as is, and that any use or reliance upon this data is at my sole discretion, risk, and responsibility, and I may not publicly represent or imply that the World Bank is participating in, or has approved, the manner or.
  2. The financing, which includes more than $53 billion for Africa, will help countries invest in the needs of their people, boost economic growth, and bolster resilience to climate shocks and natural disasters. Two thirds of the world's poor—almost 500 million people—now live in countries supported by IDA
  3. Based on World Bank data ranging from 1992 to 2018. This is a list of countries or dependencies by income inequality metrics, including Gini coefficients. The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person.
  4. The list of fragile and conflict-affected situations (FCS) is released annually by the World Bank Group (WBG). Given the complexity of fragility and conflict, the list is not meant to be comprehensive— it does not include all countries affected, nor is it a ranking of countries
  5. World Bank list of economies (June 2020) This table classifies all World Bank member countries (189), and all other economies with populations of more than 30,000. For operational and analytical purposes, economies are divided among income groups according to 2019 gross national income (GNI) per capita, calculated using the World Bank Atlas method

For the current 2021 fiscal year, low-income economies are defined as those with a GNI per capita, calculated using the World Bank Atlas method, of $1,035 or less in 2019; lower middle-income economies are those with a GNI per capita between $1,036 and $4,045; upper middle-income economies are those with a GNI per capita between $4,046 and $12,535; high-income economies are those with a GNI. The World Bank has a total of 189 member countries that hail from all the seven continents with the current president being Jim Yong Kim from South Korea. However, five countries are not part of the World Bank for various reasons. These countries include the following. North Kore

2 1. Introduction The World Bank has used an income classification to group countries for analytical purposes for many years. The method was presented in the first World Development Report (World Bank, 1978), and its origins can be traced even further back Eligibility for IDA support depends first and foremost on a country's relative poverty, defined as GNI per capita below an established threshold and updated annually. IDA also supports some countries, including several small island economies, that are above the operational cutoff but lack the creditworthiness needed to borrow from the International Bank for Reconstruction an

New World Bank country classifications by income level

World Bank Listing of Ineligible Firms and Individuals . Notes on Debarred Firms and Individuals Updated on: December 15, 2020 . For firms on the . website that are marked with an asterisk (*), the explanation is below in this document. *1 The period of ineligibility of the sanctioned firm extends to any firm directly or indirectly controlle Data are shown for 68 out of 73 eligible countries to 2020 Debt Service Suspension Initiative (DSSI) that report external debt to the World Bank's Debtor Reporting System (DRS). The tables include public and publicly guaranteed debt stock and debt services due by creditor country

World Bank country classifications by income level 2020-21

World Bank Designated Country List The following countries are eligible for the International Visiting Surgeon Fellowship and International Country Discounted Membership. Qualifying countries are those defined as low-income and lower-middle income economies as determined by the World Bank GDP (current US$) from The World Bank: Data. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus) The World Bank Group has 189 member countries, staff from more 170 countries and offices in over 130 locations. As per the information available on the website of the World Bank, IBRD is funding.

World Development Indicators database, World Bank, 1 July 2020 3. Gross domestic product 2019 (millions of Ranking Economy US dollars) TON 196 Tonga 450 STP 197 São Tomé and Principe 429 FSM 198 Micronesia, Fed. Sts. 402 PLW 199 Palau 284 MHL 200 Marshall Islands 221 KIR 201 Kiribati 195.

New country classifications by income level: 2019-202

World Bank list of economies (June 2020)1 Afghanistan AFG South Asia Low income IDA HIPC 2 Albania ALB Europe & Central Asia Upper middle income IBRD 3 Algeria DZA Middle East & North Africa Lower middle income IBRD 4 American Samoa ASM East Asia & Pacific Upper middle income . World Bank list of economies (June 2017) Economy Income group Geographic classifications in this table cover all income levels. This table classifies all World Bank member countries (189), and all other economies with populations of more than 30,000. For operational and analytical purposes, economies ar Voting power. In 2010, voting powers at the World Bank were changed so that developing countries, especially China, have a bigger vote. The countries with most voting power are now the United States (15.85%), Japan (6.84%), China (4.42%), Germany (4.00%), France (3.75%) and the United Kingdom (3.75%) Tier 1 corresponds to the World Bank's list of high income nations and Tier 2 the upper middle income nations. Tier 3 includes all nations whose economies do not yet reach the Tier 2 level. To learn more about this system see World Bank's country classifications. The number next to each country on the list below represents its Tier

pip install world_bank_data --upgrade Get the list of sources, topics, countries, regions import pandas as pd import world_bank_data as wb pd. set_option ('display.max_rows', 6) The list of topics is available with. wb. get_topics Sources are returned by. wb. get_sources And finally, the list of countries is accessible with. wb. get_countries ( The FCS classification and associated list of countries is to be updated annually by the WBG's FCV Group, in consultation with key World Bank business units: Operations Policy & Country Services (OPCS), Development Finance (DFI), and Regions. The update is to be circulated by July 1 each year (after CPIAs are finalized). 12 During the pandemic some of the largest companies in the world got bigger and some got smaller. Global Finance compares two of the best-known rankings of company size with its own list of the world's Top 10 by market capitalization to provide a comprehensive picture of global corporate goliaths The List of Clickbank Accepted Countries June 17, 2019 By Seki Hudson One of my facebook friends asked me if he could open a Clickbank account from his country, so I decided to do some research and here is the list of all Clickbank accepted countries The World Bank focuses on proper nutrition, maternal health care, and infant survival. 19. Helps countries fight corruption. Corruption is a problem that countries all over the world are facing. Corruption tends to undermine the development of a country and hence the World Bank is putting in efforts to combat this global menace. 20

The World Bank was formed in July 1944 to provide loans to developing countries for capital programs. This group is owned by the governments of member countries, they have the power to make financial and policy decisions as well as any issues members may have. To become a member of the World Bank Group, a country must join the International. For a detailed list of countries and indicators browse the Data Availability and Metadata sections. Use Analytical Data Section to obtain information on various analytical databases created by World Bank like Export of Value Added (EVAD), Labor Content of Exports (LACEX) and Services Value Added The countries are color-coded based on their performance on the LPI index. To see the map full screen, please find the button in the upper left corner. Disclaimer: Country borders or names do not necessarily reflect the World Bank Groups official position. This map is for illustrative purposes and does not imply the expression of any opinion on.

Developed and Developing Countries: World Bank

The World Bank Group has 189 member countries, staff from more 170 countries and offices in over 130 locations.. As per the information available on the website of the World Bank, IBRD is funding 13,229 projects in 173 countries of the world.India is not behind in this race and more than 783 projects of India are funded by the World Bank World Bank staff have made an effort to ensure that the data are as comparable as possible. Wherever possible, consumption has been used rather than income. Income distribution and Gini indexes for high-income economies are calculated directly from the Luxembourg Income Study database, using an estimation method consistent with that applied for. This dataset contains the countries in situations of fragility, conflict and violence from 2006 to-date. The World Bank Group's (WBG) Fragile, Conflict and Violence Group (formally the Center on Conflict, Security and Development CCSD) annually releases the Harmonized List of Fragile Situations The World Bank-IMF is owned and controlled by Nathan Mayer Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with

According to the World Bank, middle-income countries (or MICs) are nations that have a per capita gross national income (GNI) between $1,026 and $12,475.. World Bank has historically broken-down countries' economies into three categories: high income, middle income, and low income.Now economies are further specified, with middle economies broken down into two different groups: lower-middle. A gateway to the archival records of the World Bank Group. Browse and search archival descriptions and access digitized archival records. Contacts - Member Countries files - Inventory list - World Bank Group Archives Holding The world economy consists of 193 economies, with the United States being the largest. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. In 2018, the nominal world GDP was $84,835.46 billion in 2018, and it's projected to be $88,081.13 billion in 2019. In 2018, the growth rate for the world GDP was 3.6% First World Countries List Other links The theory of the First World discovered during the Cold War and comprised countries that were usually aligned with or on friendly terms with the USA (comprising all NATO countries) and were usually recognized as non-theocratic democracies with mainly market-based economies The World Bank is an international organization that offers developmental assistance to middle-income and low-income countries. Founded in 1944, the World Back has 189 member nations and aims to.

This site has information about all the countries in the world. Did you know there are only 191 countries that are not disputed? The list below has more (partially disputed) countries, a total of 257 countries with links to pages with facts about the country, the flag, maps, population, languages, birth rate, information about the land, size, death rate, animals, coordinates, other facts and. The Rothschild family is slowly but surely having their Central banks established in every country of this world, giving them incredible amount of wealth and power. In the year of 2000 there were seven countries without a Rothschild owned or controlled Central Bank: -Afghanistan -Iraq -Sudan -Libya -Cuba -North Korea -Iran It is not a [ 2019-2020 World Bank List of Countries Low and Lower-Middle-Income Economies. Afghanistan, Angola, Bangladesh, Benin, Bhutan, Bolivia, Burkina Faso, Burundi, Cabo.

List of currencies; World Bank group - In a sense, the central investment bank of the world (long term loans). International Monetary Fund - Lender of last resort to countries short of liquidity (short term loans) The World Bank provides low-interest loans, zero to low-interest credits, and grants to developing countries. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management

Top 10 countries World Bank Group Finance

As countries have transitioned to middle income status, more people are living below the World Banks international extreme poverty line in middle income countries than in low income countries. These changes in the world economy, along with a rapid increase in the user base of World Bank data, suggest that a review of the income classification. The Countries Leading The Way In the World Bank's Ease Of Doing Business Ranking [Infographic] Niall McCarthy Contributor Opinions expressed by Forbes Contributors are their own Therefore you may wish to verify the data with your Bank institution. This is a list of SWIFT codes. SWIFT codes are designated to banks in countries around the world by SWIFT, to assist in electronic banking affairs. There are over 7,500 live codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC.

This country’s shadow economy is worth one-fifth of its

There are 195 countries in the world today. This total comprises 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: the Holy See and the State of Palestine.. Not in the list. Not included in this total count of 195 countries are: Taiwan - the United Nations considers it represented by the People's Republic of Chin Economy rankings. Economies are ranked on their ease of doing business, from 1-190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm And the countries which are selected on the top 10 list of World Bank's Ease Of Doing Business Ranking 2020 are New Zealand (with a score of 86.8 out of 100), Singapore (86.2), Hong Kong SAR.

This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Corruption Rank WASHINGTON (R) - The International Monetary Fund (IMF) and the World Bank have begun providing emergency funds to developing and low-income countries across the world to strengthen their. The World Bank is an international organization that helps emerging market countries to reduce poverty. Its first goal is to end extreme poverty. It wants no more than 3% of people to live on $1.90 a day or less by 2030 And the World Bank itself had previously simply lumped countries in the bottom two-thirds of gross national income (GNI) into the category, but even that comparatively strict cut-off wasn't very. By Trend. The Doing Business report, which is considered one of the most reputable publications of the World Bank (WB) Group, has issued the results of an independent study conducted by the WB Internal Audit, Trend reports referring to the Center for Analysis of Economic Reforms and Communication. As a result of the study, Azerbaijan's positions in the Doing Business 2020 report improved by 6.

Contributor Countries - World Bank Grou

World Bank helps special area development programmes in drought prone areas, flood prone areas, etc. 6. World Bank lends for product purposes thereby stimulating economic growth in developing countries. 7. World Bank promotes the growth of international trade and maintenance of equilibrium in balance of payments. 8 This is a list of countries of the world sorted by their gross domestic product (GDP) per capita.GDP is the worth of all goods and services made in a country in a year. PPP is for purchasing power parity. Purchasing power parity means how much money would be needed to buy the same item in two different countries

List of countries by income equality - Wikipedi

The World Bank is a component of the World Bank Group. The bank is based in Washington, D.C. and provided around $61 billion in loans and assistance to developing and transition countries in the 2014 fiscal yea Third World countries are besieged with numerous issues that are acting as barriers in their development. Today, the term is referred to nations, which are poor and underdeveloped. Almost all of the Third World countries are grappling with the problems of poverty, scarcity of water and electricity, poor infrastructure, low educational standards. The World Bank provides low-interest loans, interest-free credits, and grants to developing countries. There's always a government (or sovereign) guarantee of repayment subject to general conditions. The World Bank is directed to make loans for projects but never to fund a trade deficit This set of contract awards includes data on contracts valued at US$250,000 and above that were awarded by the World Bank Group pursuant to its Corporate Procurement Policies and Procedures. This data set does not list all contracts awarded by the World Bank Group, and should be viewed only as a guide to determine the distribution of major contract commitments made by the World Bank Group The World Bank's Black List The World Bank recently released a black list of companies and persons ineligible to enter into business relations with it due to fraud or corruption. Naming and shaming is the international term used to describe the World Bank's instrument to fight fraud and corruption affecting public funds

While the World Bank works primarily with the governments of developing countries, there are a wide variety of grant funding sources for Civil Society organizations that work worldwide. Please be advised to visit the following Grant Programs websites: - Japan Social Development Fund - Global Partnership For Social Accountabilit The World Bank will provide $160 billion over the next 15 months for COVID related activities in its member countries. However, as the IMF has noted, this is unlikely to be enough. Moreover, both. GDP (nominal) per capita of 192 countries as of 2018 and 2019 by IMF. Changes in gdp per capita and their respective ranking of economies in 2019. Data from World bank includes gdp and year estimated for

Classification of Fragile and Conflict - World Bank Grou

List of Countries and Central Bank Names. By. Aruna - August 7, 2016. AffairsCloud YouTube Channel - Click Here. List of Countries and Central Bank Names. Afghanistan: Bank of Afghanistan: Albania: Bank of Albania: Algeria: Bank of Algeria: Angola: National Bank of Angola: Argentina: Central Bank of Argentina: Armenia: Central Bank of Armenia There are 195 countries in the world today. This total comprises 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: the Holy See and the State of Palestine. Of the 195 countries in the world: 54 countries are in Africa; 48 in Asia; 44 in Europe; 33 in Latin America and the Caribbea Bolivia. Kosovo. Solomon Islands. Cabo Verde. Kyrgyz Republic. Sri Lanka. Cambodia. Lao PDR

The World Bank's activities are focused on developing countries, in fields such as, human development (e.g. education, health), agriculture and rural development (e.g. irrigation, rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. loads, urban regeneration and electricity) and governance (e.g. anti-corruption. List of Low and Lower Middle Income Countries (As defined by the World Bank) In order to be eligible for the Keele Developing Countries Scholarship you must be a national of one of the following countries (listed alphabetically)

1. World Bank provides various technical services to the member countries. For this purpose, the Bank has established The Economic Development Institute and a Staff College in Washington. 2. Bank can grant loans to a member country up to 20% of its share in the paid-up capital. 3 The World Bank sought to concentrate on the basic needs of people in these countries this led to larger loans being made available to these countries as the priority was now on social services. To increase the money available to countries, the bank moved away from northern banks and entered the global bond market The world's Megabanks There are two Megabanks that offer loans to all the countries around the planet, the World Bank and the IMF. The first one is jointly owned by the world's top banking families, with the Rothschilds at the very top, while the second one is privately owned by the Rothschilds alone Bhutan. Burkina Faso. Burundi. Cambodia. Central African Republic. Chad. Comoros. Democratic Republic of the Congo Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Slovenia, Spain, Sweden, Switzerland, United Kingdom, United States

The World Bank claims that its major goal is to promote global development through poverty reduction, but there are many critics who argue this is a smoke-screen, and the real aim of the World Bank is to use conditional loans in exchange for countries establishing neoliberal economic policies which ultimately benefit western companies and financia This is a list of top 100 poorest countries in the world as of 2020 according to the latest research by the International Monetary Fund (IMF). The ranking is based on the GDP per capita of the 187 countries, which is a measure of the total output of a country in a year divided by the number of people in that country Countries. A Algeria Angola. B Benin Botswana Burkina Faso Burundi. C Cameroon Cabo Verde Central African Republic Chad Comoros Congo Democratic Republic of Congo Côte d'Ivoire. D Djibouti. E Egypt Eritrea Equatorial Guinea eSwatini Ethiopia. G Gabon Gambia Ghana Guinea Guinea-Bissau. K Kenya

<img height=1 width=1 src=https://www.facebook.com/tr?id=1458892451075570&ev=PageView&noscript=1/> Office Holidays lists when countries across the world have public holidays and bank holidays to help you plan your meetings better World Bank list of economies (June 2018) (Bold indicates a change of classification) x x Economy Code X Region Income group x x x x x x x 1 Afghanistan AFG South Asia Low income 6 Angola AGO Sub-Saharan Africa Lower middle income 16 Bangladesh BGD South Asia Lower middle income 21 Benin BEN Sub-Saharan Africa Low incom

Despite how grim that may sound, these countries stand to benefit the most in the coming years as emerging markets will become vitally important to the global economy.Although per capita GDP will still be the highest in the developed world by 2023, the fastest growth in GDP per capita will indeed come from many of the world's poorest economies currently World Bank IFC Annual Reports & Financial Statements. International Finance Corporation is a member of the World Bank Group. IFC's purpose is to create opportunity for people to escape poverty and improve their lives by: promoting open and competitive markets in developing countries, supporting companies and other private sector partners where there is a gap, helping generate productive jobs and. Nowadays, the term Third World is more often replaced by the terms Least Developed Countries (UN) or Low-Income Countries (World Bank.) Whatever term is used, it serves to designate countries that suffer from high poverty, high child mortality, low economic and educational development, and low self-consumption of their natural resources IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules Oct 13, 2020 at 12:43 a.m. UTC Updated Oct 15, 2020 at 6:52 a.m. UTC (Shutterstock

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In his remarks at the UNGA High Level Side Event on Accelerating the End of the COVID-19 Pandemic, World Bank Group President David Malpass announced the Bank Group's plan to make available up to $12 billion of fast-track financing to countries for the purchase and deployment of COVID-19 vaccines once the vaccines have been approved The Human Development Index (HDI) is an index that measures key dimensions of human development. The three key dimensions are: 1 - A long and healthy life - measured by life expectancy. - Access to education - measured by expected years of schooling of children at school-entry age and mean years of schooling of the adult population. - And a decent standard of living - measured by. World Bank, in full World Bank Group, international organization affiliated with the United Nations (UN) and designed to finance projects that enhance the economic development of member states. Headquartered in Washington, D.C., the bank is the largest source of financial assistance to developing countries.It also provides technical assistance and policy advice and supervises—on behalf of. Reviewing GNI per capita in 192 countries from the World Bank's World Development Indicators Database, 24/7 Wall St. identified the poorest countries in the world. GNI captures all economic. This is a list of countries by gross national income per capita in 2019 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank.. Contents. Methodology; List of countries and dependencies; High-income group; Upper-middle-income group; Lower-middle-income grou

World Bank Country and Lending Groups - World Bank Data

Out of the more than 250 companies year to date on the World Bank's running list of firms blacklisted from bidding on its global projects under its fraud and corruption policy, 117 are from Canada — with SNC-Lavalin and its affiliates representing 115 of those entries, the World Bank said. As it stands today, the World Bank debarment list includes a high number of Canadian companies. All countries which are Members of the United Nations may become members of WHO by accepting its Constitution. Other countries may be admitted as members when their application has been approved by a simple majority vote of the World Health Assembly The database covers projects awarded in low- and middle-income countries as classified by the World Bank. The countries are reviewed every 5 years in order to maintain continuity in the data. The next time the countries will be updated will be in 2020. Countries are also classified in six regions (East Asia and the Pacific, Europe and Central. Around the world, 167 countries have at least one law on the books that restricts women's economic opportunity, a new study from the World Bank has found. The Women, Business and the Law report measures how legislation in 189 countries affects women's access to jobs, property, justice and credit, as well as provisions to protect them from.

Which Countries Are Not Members Of The World Bank

There are so many countries in the world!!!!! 196 is almost 200!! JohnnyYeet +2. Level 49. Dec 1, 2020. Well, you could say that there are more than 200, if you count Palestine, South Ossetia, Abkhazia, Artsakh, *inhale*, Transnistria, Western Sahara, Somaliland, Kurdistan, etc Only six countries currently give women and men equal rights, a major report from the World Bank has found. The rate of progress means that, by CNN calculations, women will achieve full equality. Application Deadline: 23rd April, 2020 About Scholarship: The Joint Japan/World Bank Graduate Scholarship Program (JJ/WBGSP) is open to women and men from developing countries with relevant professional experience and a history of supporting their countries' development efforts who are applying to a master degree program in a development-related topic As per the World Bank doing business 2019 report ranks 190 countries based on how easy is to do business there, taking into account trading regulations, property rights, the availability of credit.

Largest Banks In The United States - WorldAtlas

IDA Borrowing Countries - World Bank

The two-part List of Aid Recipients was reviewed every three years. Countries above the World Bank threshold for high-income countries (per capita annual income around USD 9 000 at the time) for three consecutive years progressed from Part I to Part II of the list at the end of a three-year notice period ADVERTISEMENTS: Major Achievements of the World Bank are as follows: The Bank's membership has increased from the initial number of 30 countries to 68 countries in 1960 and to 151 countries in 1988. Related posts: The World Bank has made a significant contribution to India's planned economic development The World Bank provides financial assistance in [ World Bank Names South Africa As The Country With The Greatest Wealth Inequality : Goats and Soda The World Bank looked at economic data from around the globe to see where the gap between the rich.

Countries Generating The Most Trash Per CapitaWorld Bank approves record $500 million to battle locustList of World Branding Awards winners - Wikipedia

World Bank Organization • Matrix Structure - Global Practices (Topical) - Regional Approach (Geographical) • World Bank Headquarters • Country Offices • Education is one of the Global Practices at the World Bank - Basic, Secondary, TVET, Tertiary - Africa Centers of Excellence Program - postgraduate education and applied researc Countries covered: 77. Disclaimer: Country borders or names do not necessarily reflect the World Bank Group's official position. This map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers. The World Bank decision (to change the way countries are classified) may prompt the United Nations to follow suit. The international body has no formal definition of developing countries, but still uses the term for monitoring purposes and considers as many as 159 countries as developing The World Bank, based in Washington, D.C., was established after World War II to help European countries rebuild. Its mission has evolved over the years and is now to finance development in low. The World Bank has become a part of a broadening stream of financial and technical assistance to the less developed countries. Although now other sources and institutions have also joined in the task which the Bank pioneered with such imagination and purposiveness, it has not detracted from the importance of the part which the Bank is playing in mobilizing international assistance to.

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