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The World Bank Group and India
Genesis
The World Bank Group is International Bank for Reconstruction and Development, popularly known as the IBRD, the world’s foremost sources of funding as well as repository of knowledge for low-income countries. The World Bank was one of two major international institutions established during the Bretton Woods Conference in 1944. The International Monetary Fund (IMF) was established as the second global organization, with a different objective. Delegates from a number of countries attended the Bretton Woods Conference, but the United States and Britain, the most powerful nations then, mainly shaped negotiations. Established primarily to fund post-war reconstruction of war- shattered economies, it has in ...
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